Lets get together

Article Abstract:

The need to harmonize the accounting standards across the world is highlighted. In this context, the provisions in United States GAAP that will form a major portion of international accounting standard are also discussed. Implications of this for Australian accounting standards are also discussed.

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Debt v equity: the banana skin

Article Abstract:

The classification issues related to debt and equity in International Accounting Standards are discussed. The pitfalls therein for Australian entities are also highlighted.

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The urge to converge

Article Abstract:

An issue about US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) convergence project is discussed.

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