The International Public Sector Accounting Standards Board is circulating some proposed revisions to its financial instruments standard for government entities to harmonize it with the International ...

The Financial Accounting Standards Board and the International Accounting Standards Board said Friday they would work together on seeking to reduce the differences in their classification and ...

The Governmental Accounting Standards Board has updated its standards for the reporting of certain financial instruments and external investment pools by government entities. Processing Content ...

Bloomberg announced today that the Financial Industry Global Identifier (FIGI) standard has won Most Innovative Data Standards Initiative at the A-Team Innovation Awards 2023. These awards celebrate ...

In Part 1 of this two-part series, we covered two ongoing accounting and reporting projects that will continue to impact financial institutions in the months ahead: pushdown accounting and segment ...

Several federal financial regulators 1 (the “Agencies”) have approved an interagency final rule to establish data standards that promote interoperability of financial regulatory data (the “Final Rule” ...

The expansion of FIGI to the United States advances global market efficiency, accuracy and interconnectivity Today, Bloomberg and Accredited Standards Committee X9 Inc. (X9) announced the publication ...

FASB issued technical corrections and improvements Wednesday to its financial instruments standard on recognition and measurement of financial assets and liabilities that was originally issued in 2016 ...

It has been nearly four years since FASB began issuing its revised financial instruments guidance (see the sidebar, “Topic 326 Changes”). The guidance impacts all industries, not just financial ...

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1. With regard to financial instruments admitted to trading or traded on a trading venue or where the issuer has approved trading of the issued instrument or where a request for admission to trading ...

Financial derivatives have greatly enhanced the range of tools available for managing financial risks. Currently, derivatives are widely used to mitigate and reallocate the financial risk related to ...