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IndusInd Bank’s ‘2.35% hit to net worth’ claim misleading; CFO, auditors failed in oversight, says Amarjit Chopra

CFO News

Chopra said that treasury operations and foreign exchange liabilities should have been thoroughly reviewed otherwise where is the need of Accounting Standards, an area where the CFO, auditors did not pay attention and the crisis landed.

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New Hedge Accounting Standard Flashes Green Light

Reval

Treasury & Risk. accounting standard that makes it easier to account for hedges is likely to encourage more corporates to hedge. The Financial Accounting Standards Board voted last month to finalize the new hedge accounting standard, and the final standard is due out in August.

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Data Update 1 for 2025: The Draw (and Danger) of Data

Musings on Markets

In short, if the ten-year treasury rate climbs to 5% and equity risk premiums surge, you can update those numbers in the cost of capital worksheet , and get updated values. Since this is not a data item that is disclosed voluntarily only by some firms, the statistics are less reliable than on where there is universal disclosure.

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Are Your Compliance Processes Keeping Up with Evolving Audit Requirements?

Bramasol

Research and Thought Leadership : The AICPA conducts research and publishes reports on emerging trends, best practices, and thought leadership topics relevant to the accounting profession. Why Should You Care? The Bottom Line We all know that external audits are a fact of life but it's also important to remember that change is inevitable too.

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Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

The choice of which approach to use depends on a variety of factors such as the number of accounts or ledgers that are needed for managing multiple entities within the overall organization. Other key factors include where the company stands with regard to implementing new accounting standards (ASC 606, IFRS 15, ASC 842, IFRS, 16, etc.)

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US Bancorp Reduces Growth Forecast

PYMNTS

To reflect the upcoming adoption of new accounting standards as well as lower interest rates, U.S. The bank also indicated that the accounting standard of Current Expected Credit Loss (CECL), set to take effect in 2020, affected the outlook for growth. Bancorp cut its growth outlook in the long term. Multiple large U.S.

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MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

It can quickly become unmanageable to try and handle lease contract management, lessor accounting, maintenance services, sales of consumables, revenue recognition and disclosure reporting all with different siloed software. In addition, global companies need the flexibility to comply and report according to multiple accounting standards.