I don't think double-entry is going anywhere, but guidance certainly is. I pay a lot of attention to this stuff, specifically the convergence of financial accounting guidance. It's not happening at a blistering pace, but things are moving. More and more US companies are reporting under IFRS. FASB and IASB have both done a lot of rewriting in the past 5 years, which is aligning GAAP and IFRS.
APAC is really churning. Japan GAAP takes more hints from US GAAP, but many Japanese companies have opted for IFRS. Australia GAAP has some very strange principles, especially around equity compensation, but is beginning to align with IFRS. China, well, I don't
really know, but I'm definitely on the lookout for it...
I think it's one of the most interesting of uninteresting things.
APAC is really churning. Japan GAAP takes more hints from US GAAP, but many Japanese companies have opted for IFRS. Australia GAAP has some very strange principles, especially around equity compensation, but is beginning to align with IFRS. China, well, I don't really know, but I'm definitely on the lookout for it...
I think it's one of the most interesting of uninteresting things.