As we’re all aware, the FASB and the IASB have been focusing their efforts in the past several years on convergence activities to converge US GAAP with IFRS. As we move into 2012, Resources Global Professional’s Colleen Cunningham, Global Managing Director of Accounting & Finance, highlights some of the biggest issues that she sees for the coming year, including…
- Revenue recognition standards expected to be finalized;
- Lease accounting standards to be finalized;
- Conflict Minerals;
- SEC decision on IFRS.