global accounting standards

Just What the Hell is Goodwill Anyway?

The problem of what to do with goodwill starts with a rather basic point: the answer to the question “What is goodwill?” appears to be “Nobody knows”. The UK’s old standard, FRS 10, said that goodwill is “neither an asset like other assets nor an immediate loss in value”. Later, the basis for conclusions of […]

IFRS Fanboy to World: Global Adoption of IFRS Is Inevitable

"The quality of financial information produced by IFRS is very high, thanks to the work of the IASB, but also to the convergence project with the United States. And a decade of use by both advanced and developing economies has shown that our mission of a s ingle set of high global accounting standards is […]