Category Archives: International Accounting Standards

Confidence

Beginning to make more sense now. Why investors initially complained that International Financial Reporting Standards were causing banks to recognize losses too quickly and then, after this was changed, complained that International Financial Reporting Standards caused banks to recognize losses … Continue reading

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Greek Accounting Side

Have written about the difficulties between the International Accounting Standards Board and the U.S. Financial Accounting Standards Board, when it comes to recognizing investment losses. Came across this 2011 Financial Times article, illustrating some dimensions of the difficulties: Accountants flustered … Continue reading

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Prudent Illusion

(In October, 1931), an Order in Council authorized banks to value securities, stock and bonds, at the lower of book value or market price on Aug. 31, 1931 effectively setting a floor under market values. L. Kryzanowski and G.S. Roberts, … Continue reading

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