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Pension Accounting Standard Stays on Course: GASB

April 2nd, 2014 (0)
The implementation of a pension accounting standard for state and local governments is still on schedule, after the Governmental Accounting Standards Board (GASB) last week decided not to delay the timetable of when the new pension guidelines take effect. ...

BMW’s March Push Narrows Mercedes’ U.S. Luxury Sales Lead

April 2nd, 2014 (0)
Bayerische Motoren Werke AG’s BMW brand posted its best March sales ever, helping the German luxury-automaker shrink Mercedes-Benz’s 2014 lead. BMW sold 32,107 vehicles last month, an increase of 19 percent from a year earlier, led by its mid-size ...

Fixing Finance: Work in Process

March 28th, 2014 (0)
Despite the enormous costs that have been wrung out of finance department operations, CFOs have plenty of reasons to push for more process improvement. The cost of finance at the typical large company has plummeted. According to the American ...

Iran and Iraq drive 15% global rise in executions

March 27th, 2014 (0)
The number of known executions around the world rose almost 15 percent in 2013, with the spike due in part to more executions in Iran and Iraq, a new Amnesty International report says. The report released by the London-based ...

Turkey blocks use of Twitter after prime minister attacks social media site

March 21st, 2014 (0)
Recep Tayyip Erdoğan threatens to ‘root out’ social media network where wiretapped recordings have been leaked Turkey restricted access to Twitter hours after its prime minister, Recep Tayyip Erdoğan, threatened to “root out” the social media network where wiretapped ...

Starbucks Aims To Double Market Cap to $100 Billion And Take Over Tea

March 20th, 2014 (0)
The world’s biggest coffee chain, Starbucks Corporation (NASDAQ:SBUX), plans to double its market capitalization to $100 billion eventually and dominate the tea industry just as it has with coffee, the company said at its annual shareholder meeting on Wednesday. ...

ACCA launches certificate for small business reporting standard

March 17th, 2014 (0)
A QUALIFICATION has been launched to develop accountants’ understanding of IFRS for SMEs by the ACCA. The certificate, which comprises an online course and test, is designed to provide members with an understanding of the concepts of IFRS for ...

BP Can Again Bid for U.S. Leases, Contracts After Spill

March 14th, 2014 (0)
BP Plc (BP/) won the right to again compete for U.S. contracts and for new leases in the Gulf of Mexico, where its massive 2010 oil spill prompted regulators to bar it from new government business. BP’s agreement with ...

European Parliament backs Commission proposal for the IFRS, the EFRAG and the PIOB

March 14th, 2014 (0)
The European Parliament has today backed the European Commission’s proposal on co-financing the IFRS Foundation, EFRAG and the PIOB, three organisations that play a key role in the development of accounting and auditing standards. Internal Market and Services Commissioner ...

Parliament toughens up anti-money laundering rules

March 13th, 2014 (0)
The ultimate owners of companies and trusts would have to be listed in public registers in EU countries, under draft anti-money laundering rules voted by Parliament on Tuesday. The draft law would also require banks, auditors, lawyers, real estate ...
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