Welcome to the Wiley IFRS Insider Community!
Exclusive for adopters of Wiley Accounting textbooks in Intermediate Accounting, we have tried to develop this platform with you in mind. Our hope is that you will find this site to be a great place to learn about what's new in IFRS and other hot accounting topics. You can find links to important resources, chat with your colleagues, and communicate directly with Wiley authors. Our best hope for this site is that it will both answer your questions and spur meaningful discussion.
With the start of the baseball season, I could not resist a reference to baseball vernacular, as the FASB expects to release a proposal on its Going Concern project within the next several weeks. Going concern is the assumption inherent in…Continue
Hurricane Sandy has brought to the forefront the recurring debate about the accounting for extraordinary events. GAAP indicates the special treatment (reported “below the operating income line”, net of tax) may be used only for events that are…Continue
Barry Melancon, the AICPA president and CEO, warned that if the U.S. continues to stall on the issue of IFRS convergence the U.S. risks losing its stature as leader amongst the world accounting setters. Melancon further stated that the U.S.'…Continue
Tradition has it that mid-to-late August is referred to as the dog days, when the heat slows everyone down. Not so much with developments in accounting standard-setting.
First, there is the long-awaited report from the SEC staff on the…Continue