The Force and financial reporting

Article Abstract:

The Accounting Standards Board's (ASB) Urgent Issues Task Force (UITF) is similar to the US Financial Accounting Standards Board in that it will seek to create a consensus on pertinent issues under discussion. The first issues that will be dealt with by the UITF are accounting for restructuring provisions and for convertible bonds' back-dated supplemental interest. The UITF consists of 15 members, one representative from each of the big eight firms, four from industry and business, and one each from a medium-sized firm, the Institute of Chartered Accountants in England and Wales, and the banking industry. Each member serves a term of two years. The UITF's meetings are chaired by an ASB member who is not given a vote.

United Kingdom, Accounting, Accounting Standards Board, Great Britain

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The single European trade market

Article Abstract:

Accounting firms should register their trademarks throughout the European Community (EC) to ensure that the trademark is available within each country once firms are ready to set up operations, as well as to prevent unscrupulous operators from pirating trademarks. Trademarks are important because they carry goodwill, communicate a firm's reputation and will be valuable in the single European market. Trademarks in EC member nations are usually always accepted for registration with only cursory inspection.

Methods, Accountants, Trademarks, Single European market

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