OPINION: When Finance Minister Mathias Cormann said earlier this month said that it was “unfair to rob our children and grandchildren of their opportunities to pay for today’s lifestyle”, he was attacked by economists from Federal finances and family budgets have a great deal in common […]
A Stanford professor argues that the less that investors use fair value accounting to value companies, the better. As investors learned the hard way during the financial crisis, we live in a much faster financial Is Fair Value Foul? […]
CEOs are more optimistic about growth than international counterparts, despite concerns about over-regulation and the Government’s response to Australia’s fiscal deficit, according to a PwC report launched today. Forty-three percent of Australian CEOs are very Australian CEOs getting on with business, despite threats to growth […]
CEOs in Asia Pacific see a powerful future ahead for the CFO, according to a new report by KPMG. But almost one-third of those CEOs feel their CFO is not ready for the challenge. “The A third of ASPAC CEOs feel their CFOs are underperforming […]
In addition to the record amounts financial services organisations are spending on implementing both global and national regulations, Deloitte Access Economics calculates that most organisations are costing themselves twice as much complying with their own Imposed and self-imposed rules cost the finance sector millions in profits and productivity […]
KPMG welcomes the International Accounting Standards Board’s new general hedge accounting standard – IFRS 9 Financial Instruments (2013). Companies with significant commodity price exposure most likely to welcome changes KPMG welcomes the International Accounting Standards Hedge accounting to align more closely with risk management […]
The International Accounting Standards Board is today issuing the fourth and final version of its new standard on financial instruments accounting – IFRS 9 Financial Instruments. This completes a project that was launched in 2008 New accounting standard on bad debts completes response to GFC […]