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The Bloomberg BNA Accounting Blog is a forum for practitioners and Bloomberg BNA editors to share ideas, raise issues, and network with colleagues. The ideas presented here are those of individuals, and Bloomberg BNA bears no responsibility for the appropriateness or accuracy of the communications between group members.

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Archive : June 2012

June 13, 2012

Standards Fatigue Seems to Be Setting in Among Accounting Professionals, But They Shouldn’t Expect Much Relief

The intensity of effort by the U.S. Financial Accounting Standards Board and the International Accounting Standards Board to converge their standards—especially since pledging to complete their top four priority projects in 2013—has left exhaustion in its wake.

June 6, 2012

Cross-Cutting Issues Impede Boards' Insurance Contracts Acquisition Costs Discussions

Cross-cutting issues involving other accounting rules appear to be impeding the Financial Accounting Standards Board and the International Accounting Standards Board from wrapping up discussions on how acquisition costs will be accounted for under an insurance contracts standard.