The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have formed the joint Transition Resource Group (TRG) for revenue recognition.
The TRG will inform the IASB and the FASB about potential implementation issues that could arise when companies and organisations implement the new standard. The TRG will also provide stakeholders with an opportunity to learn about the new Standard from others involved with implementation. The TRG will not issue guidance.
Members of the TRG include financial statement preparers, auditors and users representing a wide spectrum of industries, geographical locations and public and private companies and organisations.
The boards expect that the TRG will meet twice in 2014 and four times in 2015, with the first meeting scheduled for 18 July. All meetings will be public and co-chaired by the vice-chairmen of the IASB and the FASB.
Any stakeholder can submit a potential implementation issue for discussion at TRG meetings. The IASB and the FASB will evaluate each submission and prioritise the issues for discussion at TRG meetings.
More information about the TRG, including instructions for submitting a potential implementation issue, is available on the IASB’s website and the FASB’s website.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more