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Friday 25 July 2014

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2014 Investor Perspectives

2014 Investor Perspectives


One fewer non-GAAP adjustment to worry about: improvements to the accounting for changes in own credit


31 March 2014

 

Patricia McConnell, a member of the IASB, provides her perspectives on the IASB’s changes to accounting for own credit.

The own-credit gain or loss is one of the most common adjustments made to profit and loss in deriving non-GAAP measures. This accounting change means that this adjustment will no longer be necessary for companies that choose to take early advantage of it. This should be good news to the investment community.

 

Read the full article: One fewer non-GAAP adjustment to worry about: improvements to the accounting for changes in own credit.