The problem of what to do with goodwill starts with a rather basic point: the […]
Category: Financial Reporting
The Possibility Remains the FASB Could Turn Their Simplification Initiative Into a Giant Charlie Foxtrot
Accounting rules are complex. It is known. The Financial Accounting Standards Board, in an effort […]
Former SEC Chair Chris Cox Goes From Cheerleading IFRS Adoption to Burying It
Before we talk about Chris Cox's recent comments on adoption of international standards in the […]
Five Things You Need to Know About New Revenue Recognition Rules
Knowing us, you can guess where we're going with this. We're not writing a how-to […]
Fannie Mae Confident That a $4 Billion Accounting Error Is Totally Not Material, Guys
The Street had an interesting piece about Fannie Mae's most recent "out-of-period adjustments," which is […]
“Is the CFO’s quitting time after 3 pm?” Coming to an Auditor’s Questionnaire Near You
“If the managers, the C-level and board have good demonstrative behavior, everybody down the line […]
Ace CEO Not Sure What This Mental Masturbation Around Insurance Accounting Is All About
Ace Ltd. (ACE) Chief Executive Officer Evan Greenberg said the push for new U.S. accounting […]
Here’s What a Hedge Fund Profit-And-Loss Statement DOESN’T Look Like
Oh Hamilton Nolan… you'd be wise to avoid writing about things you just don't understand. […]
Public Companies Filing Restatements Totally Aware That Many People Blow Friday Off
Audit Analytics has a great post today about Friday filing dumps, something that Footnoted has […]
Study: Once You Get Past the Accounting Fraud, Chinese Reverse Merger Companies Are Great
A paper presented in August at the annual meeting of the American Accounting Association in […]
A Few Curious Folks Wonder Out Loud if Government Accounting is Constitutional
I remember my very first installment of government accounting as it is taught in FAR […]
Audit Committees Have More Issues Than a Magazine Stand
Our friends at Audit Analytics have all the fun info: 445 companies have reported #DisclosureControl […]