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Financial Accounting & Reporting Services

Managing change. Improving performance. Adding value.

When it comes to meeting financial reporting requirements, organizations face increasing complexity as regulations, accounting standards and business needs continue to evolve. There will likely be more changes in financial reporting regulations and standards over the next two to three years than businesses have previously experienced in the past two or three decades. Financial Accounting & Reporting Services (FARS) assists companies with their efforts to meet these requirements, including the preparation of financial statements and regulatory filings, the application and implementation of complex accounting standards for Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS), and understanding the implications of these changes and requirements across the organization—all while keeping an eye on the overall performance and success of the business. We also help organizations with valuing financial instruments and provide transaction due diligence, cash flow modeling and other consultation services.

 More Featured insights

  • Troubled debt restructurings: Considerations for creditors
    The focus of this publication is on accounting for troubled debt restructurings (TDRs) from the perspective of the creditor. It provides a summary of the financial reporting implications associated with TDRs and some key considerations for understanding and applying the ins and outs of accounting for TDRs.
  • Key factors shaping financial reporting
    Several financial reporting challenges and trends have emerged recently. Explore what they’ve taught us and what changes may be needed.
  • Revenue recognition convergence: Squeezing your company into the one-size-fits-all approach
    The International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) are progressing with their joint project to issue a converged revenue recognition standard.
  • Leases: Lease accounting convergence brings a new view
    The IASB and the FASB are working on a joint project to overhaul the existing leasing accounting models in Accounting Standards Codification (ASC) 840, Leases, and International Accounting Standard (IAS) 17, Leases.

 

 

 

 

 

 

 

 

 

 

Industry perspectives

  • Industry Spotlight Series
    Industry perspectives on accounting and financial reporting developments.

Dig deeper

  • Emerging Issues Task Force (EITF) snapshot archive
    EITF meetings.
  • IFRS resources
    Publications, tools and more.
  • ExternalURL IASPlus.com
    News about global IFRS.

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