The Association of Corporate Treasurers (ACT) has expressed its support for the principles of Financial Accounting Exposure Draft 31, which governs share-based payments for all kinds of goods and services including employee remuneration. In its comments to the Accounting Standards Board (ASB), the ACT recommended that the approach be extended to bonds convertible into shares. However, the ACT expressed some concern at the potential complexity, particularly for non-listed companies, of calculations to make the required estimates of the valuation of share-based payments. It suggests that consideration be given to transition arrangements, introducing the change first for listed companies in order to give other companies and the wider public more time to become familiar with the proposals.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.