New rules, unveiled on Wednesday, 28 May, will significantly change the way income statements are published. This puts an end to the project., developed 12 years. It will significantly impact business: from software development and sales firms to car manufacturers and mobile operators. New standards, jointly released by the US and global regulators, come into force in 2017 G., which means, that a wide range of companies from software giants, such as Microsoft Corp. и Oracle Corp., to manufacturers of household appliances, either accelerate, or slow down the pace of publication, at least some data on their profits.
The rules are aimed at simplifying and introducing uniformity into one of the basic indicators of the company's success.: how well its product or services are selling in the market. "This is one of the most important metrics for investors in the capital markets.", - noted Russell Golden, Chairman of the Financial Accounting Standards Board (FASB), setting out reporting rules for US companies in the development of new rules with the International Accounting Standards Board. Companies were cautious in assessing the potential impact on transformation, but some are optimistic. “We've been waiting for this for a long time, - Ken Goldman emphasized, Chief Financial Officer, Black Duck Software Inc., consulting company, also supplying software. "It brings more uniformity.". The rules are aimed at eliminating conflicting norms, where companies from different industries publish their earnings reports differently, and often report performance before or after the sale of their products. "We wanted to ensure that there is a uniform reporting method for the business.", - emphasized the head of FASB.
However, new rules could make corporate earnings more volatile., as the timing of the publication of reports is changing, say accounting experts. Along with this, costs for companies are increasing., since the norms are aimed at tracking indicators and they require additional disclosure.
The developers of the new rules have long focused on this issue., because when a business publishes income statements, and this affects every company, there are scandals in this area, связанные с мошенничеством.
