Too bad accounting standard simplification doesn’t follow the same rules as Marie Kondo’s The Life-Changing […]
Category: Financial Reporting
COSO’s ERM Framework Has Fresh Paint, New Open Concept
I remember in college, I’d turn in a paper and feel a sense of relief […]
SEC Fines Company for Failing to Mention That They Paid for CEO’s Lavish Perks (and Some Non-GAAP Stuff, Too)
Normally I'd reserve mis-adventures in non-GAAP accounting for the news roundup, but it's not every […]
FASB Might Take a Breather on Standard Setting After Some People Yelled at Them
I'm sure working at the FASB is harder than I imagine it to be. What […]
Weatherford International Gets in Trouble for Letting Execs Choose Their Own Numbers
Going Concern history buffs will recall a period in 2011-2012 when oil services company Weatherford […]
New SEC Rules Have Made GAAP Great Again (in Press Releases Anyway)
For some time now, I've been featuring various worries by various people about non-GAAP reporting […]
When It Come to Overcomplication, Accountants Take the Cake
According to Richard Thaler, “If you want to encourage someone to do something, make it […]
House Lannister’s Balance Sheet (Unaudited) Isn’t Looking So Hot
On April 24th, Game of Thrones premiered its 6th season on HBO and fantasy literature […]
Simplifying Financial Reporting Is Hard
As a concept, business is simple. Someone willing to buy a thing or a service gives you money for that thing or service. If you sell lots of things or services then you’ve really got something good going. Hooray! You’re an entrepreneur.
This 8-K From Valeant Is Something to Behold
This morning, troubled drug company Valeant announced a restatement and that its CEO Michael Pearson […]
That Time One of Donald Trump’s Companies Got in Trouble for Reporting Ludicrously Deceptive Non-GAAP Results
Cretinous cheese puff and future American emperor Donald Trump likes to remind people of his […]
FLASH: Sales, Accounting Personnel Face Pressure to Meet Revenue Goals
Marvell Technology Group's audit committee launched an investigation into the company's revenue recognition policies last […]