About this blog

Welcome to my blog Accounting Miscellany. I’m writing about accounting topics that people often overlook or forget about.

A good way to find your way around the blog is to go to the tag cloud (on the Home and Blog pages or on this page). Then just click on a tag that interests you.

My work for the IASB

I worked for the International Accounting Standards Board (IASB) and its predecessor from 1994 to 2021. I spent most of my time on projects on:

  • 1994-2001: employee benefits; income taxes; insurance contracts; events after the reporting period; investment property; provisions; shaping IASC for the future (leading to the creation of the IASB); discounting
  • 2001-2012: first-time adoption of IFRS Standards; insurance contracts; fair value measurement; employee benefits; related parties; revenue recognition; provisions
  • 2012-2018: conceptual framework for financial reporting
  • 2018-2021: rate-regulated activities; management commentary; business combinations under common control; goodwill and impairment; definition of a business

From 1995 to 1999 I also edited IASC Update, the quarterly magazine of the International Accounting Standards Committee (the IASB’s predecessor).

Before the IASC

Before joining the IASC, I trained as a Chartered Accountant (ICAEW) with Peat, Marwick, Mitchell and Co in London. I next spent 4 years in Luxembourg, first with Fiduciaire Générale du Luxembourg (member of Touche Ross International) then with Peat, Marwick, Mitchell and Co (which merged into KPMG). On returning to London, I spent 5 years with a medium-sized accounting firm, Clark Whitehill.

Language Miscellany

My other blog, Language Miscellany, is about English, other languages and language in general. Home – Language Miscellany

Peter Clark

Tag cloud

Academic Asset Cash flows Concepts Conceptual Framework Consolidation Cryptocurrency Depiction Disclosure Discounted future cash flows Discount rate Drafting Environment Example FASB Financial performance Financial statements: general Financial statements: objective Foreign currency Goodwill History IASC Impairment Insurance contracts Intangible Label Liability Measurement Mismatch Obligation OCI Own credit risk Pensions Presentation Primary financial statement Real Options Recognition Reporting entity Residual Revenue Right Standard setting Tax Transition Uncertainty