Sentences with phrase «new accounting standard»

Finally, regarding income taxes, the release of new accounting standards is anticipated in the near future.

However, to the government «s credit, it has adopted new accounting standards as issued by the Public Sector Accounting Board since first being elected in 2006

Additionally, discussion on new accounting standards for virtual currencies is still in the initial stage at the Accounting Standards Board of Japan and no proposal or draft has been publicly announced yet.

Australian entities» issuance of hybrid securities picked up in the second half of 2004 after slowing noticeably during the first half because of issuer uncertainty about how hybrid securities would be classified under new accounting standards.

Markel's net loss was negatively impacted by the adoption of new accounting standards implemented at the start of the year, which required recognizing a $ 122.1 million pre-tax loss related to the decline in fair value of its equities portfolio since the end of 2017.

Both the International Accounting Standards Board (IASB) and the Financial Standards Accounting Board (FASB) have recently issued new accounting standards related to lease assets.

Mr. Klein worked closely with the City Actuary and the City Comptroller's Office to implement new accounting standard requiring the estimation of the City's long term liability for retiree health care costs (OPEB).

Proposed new accounting standards have been drafted in order to push lease liabilities back onto corporate balance sheets.

Under new accounting standards, the company had a profit of $ 147.8 million and revenue of $ 1.25 billion.

Comparative information has been restated to reflect a number of new accounting standards.

The company reported under a new accounting standards for this quarter.

As a result of adopting the new accounting standard, there is a minor restatement within the prior year P&L with no impact revenue, net earnings or earnings per share.

For 2018, AT&T said including impacts from tax cuts and a new accounting standard, it expects earnings per share in the $ 3.50 range, free cash flow of about $ 21 billion and capital expenditures of $ 25 billion.

On Friday, GE also said it will restate earnings for 2016 and 2017 as it adopts a new accounting standard.

However, the quarter was the first to reflect a new accounting standard that puts a greater emphasis on a banks» expected losses over the life of the loan.

The company, which is striving to better compete with McDonald's Corp and Yum Brands Inc's KFC, said same - store sales at Burger King rose 3.8 percent in the three months ended March 31, under its new accounting standards.

CIBC was also the first of the Canadian banks to report its earnings after the introduction of a new accounting standard known as IFRS 9 that puts more emphasis over expected losses over the life of a loan compared to previous guidelines.

The Financial Accounting Standards Board (FASB) introduced a new accounting standard (ASU 2016 - 02) that requires companies to recognize operating lease assets and liabilities on the balance sheet.

The Financial Accounting Standards Board (FASB) introduced a new accounting standard that requires companies to present service cost as the only operating component of periodic pension costs on the income statement.

Starting in the first quarter of fiscal 2018, the Company will adopt the new accounting standards, which relate to revenue recognition and pension accounting.

Andrew Orr, Deloitte financial advisory partner, said the new accounting standard could encourage banks to sell parts of their underperforming loan portfolios because this will result in faster recognition of losses and could reduce high valuations.

Baidu's net income was also boosted by a new accounting standard that requires companies to report the value of their investments in private companies.

The company attributed the revenue decline to a new accounting standard and held its full - year profit forecast steady.

Companies decide to lease for a number of different reasons, all of which remain viable under the new accounting standards.

The UBS reports discuss an introduction of a new accounting standard (IFRS 16 Leases) and analyses it may negatively impact RFG's balance sheet.

The new accounting standard was adopted on a prospective basis and as a result, DPAC recorded as of December 31, 2011 was amortized to expense over the remainder of the related policy periods in 2012.

However, the new accounting standard accelerates the timing of when certain underwriting costs are recognized in earnings.

The new accounting standard for DPAC does not impact the cash basis periodic underwriting costs or our assessment of GEICO's underwriting performance.

Upon adoption of the new accounting standard as of January 1, 2012, GEICO ceased deferring a large portion of its advertising costs.

The new accounting standard limits what costs can be expensed to those that are truly marginal to the business produced.

Richard Belgrave, UK Managing Director at Leverton, said: «This partnership will enable us to even further support our clients in their transition to the new accounting standards.»

Many firms are well underway in establishing the necessary frameworks to comply with the new accounting standard.

Belarus has now adopted a new accounting standard that deals with cryptocurrencies.

Days before legalizing crypto activities, Belarus has adopted a new accounting standard that deals with cryptocurrencies.

Economy & Regulation Days before legalizing crypto activities, Belarus has adopted a new accounting standard that deals with cryptocurrencies.

But that growth is also being driven by the new accounting standards that require long - term leases to be counted on balance sheets.