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The year was dominated by hot debates over fair-value accounting and a potential move to IFRS. Still simmering are new ideas about revenue recognition, lease accounting, and contingent liabilities. At this time next year we may be bidding a fond farewell to U.S. generally accepted accounting principles—or we may not. Regulators are still undecided about whether to require U.S. companies to abandon U.S. GAAP in favor of international financial reporting standards. But advocates and opponents of the switch came up with forceful arguments for their positions in 2009, as reported in several of the accounting stories listed below. http://www.cfo.com/article.cfm/14464184/c_14465416?f=home_todayinfinance
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Latest News 2009
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