The Reserve Bank of India has established a working group to propose a framework for a smoother transition to the expected credit loss-base...

The global cryptocurrency market cap was trading flat at the $1.01 trillion mark, dropping marginally, less than a per cent in the last 24 ...

Apex accounting advisory panel NACAS has asked the government to postpone implementation of a key revenue recognition standard.

The NACAS or the National Advisory Committee on Accounting Standards has decided to defer the implementation of Ind AS 115.

The requirements for recognising revenue are changing substantially for most entities, particularly for real estate and construction indust...

IASB and the Financial Accounting Standards Board (FASB) are developing a joint proposal for converged revenue recognition standard.

Only 53 per cent of Indian businesses are aware of the impending global changes in the existing accounting standards that will impact the w...

About a year ago, the government-chartered lender blamed accounting rules after it wrote down its portfolio of mortgage-backed securities b...

European Union ministers said it is 'critical' that convergence on accounting standards is reached on the continent to ensure that the regi...

In the current crisis, a question that is raised is, should assets be marked down to their current throw away prices, as cos may not want t...

Federal regulators on Tuesday clarified accounting rules for banks in a way immediately embraced by the industry, which has been seeking re...

Merrill Lynch, Citigroup and four other US financial companies have used an accounting rule adopted last year to book almost $12 billion of...

It’s really amazing how the Securities and Exchange Commission achieved the opposite of what it intended when setting out to make reported ...