World Congress Of Accountants - WCOA

Definition of 'World Congress Of Accountants - WCOA'


The leading international symposium for the accountancy profession. The World Congress of Accountants (WCOA) brings together leaders in accounting, business and regulation to explore current issues and innovations on an international and regional level. It is organized by the International Federation of Accountants (IFAC), in collaboration with the national accounting organization of the host country and other sponsors.

Investopedia explains 'World Congress Of Accountants - WCOA'


Dubbed as the "Olympics of the accountancy profession," the congress was first held in St. Louis in 1904. It was held in a different city every five years, but as of 2000 it has been held every four years. The 18th World Congress of Accountants, held in Kuala Lumpur, Malaysia, in November 2010, attracted 6,000 delegates from 134 countries. The Congress has accelerated the development of international standards in accounting and auditing.


Filed Under: ,

comments powered by Disqus
Hot Definitions
  1. Pension Risk Transfer

    When a defined benefit pension provider offloads some or all of the plan’s risk – e.g.: retirement payment liabilities to former employee beneficiaries. The plan sponsor can do this by offering vested plan participants a lump-sum payment to voluntarily leave the plan, or by negotiating with an insurance company to take on the responsibility for paying benefits.
  2. XW

    A symbol used to signify that a security is trading ex-warrant. XW is one of many alphabetic qualifiers that act as a shorthand to tell investors key information about a specific security in a stock quote. These qualifiers should not be confused with ticker symbols, some of which, like qualifiers, are just one or two letters.
  3. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  4. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  5. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  6. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
Trading Center