acctgprinciples.blogspot.com
Accounting Principles: September 2012
http://acctgprinciples.blogspot.com/2012_09_01_archive.html
News and articles on current issues in financial reporting and accounting. Saturday, September 1, 2012. US GAAP Requirement for Push Down Accounting. Following is the text of SAB Topic 5.J, New Basis of Accounting Required. Facts: Company A (or Company A and related persons) acquired substantially all of the common stock of Company B in one or a series of purchase transactions. Interpretive Response: Yes. The staff believes that purchase transactions that result in an entity becoming substantially wh...
acctgprinciples.blogspot.com
Accounting Principles: February 2014
http://acctgprinciples.blogspot.com/2014_02_01_archive.html
News and articles on current issues in financial reporting and accounting. Friday, February 28, 2014. Can Companies Smooth-Talk Investors? Investors Prove Wise at Judging Self-Serving Earnings Explanations. Investors have proven to be sophisticated enough to dismiss implausible explanations from companies of their quarterly earnings results, according to a new study. 8220;Collectively, our results suggest that investors neither completely ignore seemingly self-serving attributions nor accept them at face...
acctgprinciples.blogspot.com
Accounting Principles: April 2014
http://acctgprinciples.blogspot.com/2014_04_01_archive.html
News and articles on current issues in financial reporting and accounting. Friday, April 4, 2014. Your Next Activist Shareholder May Not Want More Money. Shareholders are driving changes in corporate policies and disclosures unthinkable a decade ago, on issues ranging from protecting rain forests to human rights. Even the threat of a proxy vote can be enough to bring company executives to the negotiating table. The proposals are “really meant to get the attention of the corporate leadership,”...Inc to ma...
acctgprinciples.blogspot.com
Accounting Principles: Experts Say Use Non-GAAP Measures Carefully
http://acctgprinciples.blogspot.com/2014/03/experts-say-use-non-gaap-measures.html
News and articles on current issues in financial reporting and accounting. Thursday, March 27, 2014. Experts Say Use Non-GAAP Measures Carefully. Normalized adjusted EBITDA less capex. Adjusted consolidated segment operating income. Adjusted EBITDA (as adjusted). Even enthusiasts of non-GAAP metrics have to admit that such measures often sound just a wee bit ridiculous. A common opinion is simply that non-GAAP metrics are misleading to shareholders. “They may be perfectly understandable to acco...But com...
acctgprinciples.blogspot.com
Accounting Principles: FASB, IASB Can't Agree on Financial Instruments Accounting
http://acctgprinciples.blogspot.com/2014/04/fasb-iasb-cant-agree-on-financial.html
News and articles on current issues in financial reporting and accounting. Thursday, April 3, 2014. FASB, IASB Can't Agree on Financial Instruments Accounting. YOU MIGHT have long suspected it, but now it's official: the IASB and the US Financial Accounting Standards Board have failed to develop a common financial instruments accounting standard. We have no convergence. A lot of work has been done for nothing, it seems.". IASB member Patrick Finnegan was equally blunt in his assessment: "I would just obs...
acctgprinciples.blogspot.com
Accounting Principles: Your Next Activist Shareholder May Not Want More Money
http://acctgprinciples.blogspot.com/2014/04/your-next-activist-shareholder-may-not.html
News and articles on current issues in financial reporting and accounting. Friday, April 4, 2014. Your Next Activist Shareholder May Not Want More Money. Shareholders are driving changes in corporate policies and disclosures unthinkable a decade ago, on issues ranging from protecting rain forests to human rights. Even the threat of a proxy vote can be enough to bring company executives to the negotiating table. The proposals are “really meant to get the attention of the corporate leadership,”...Inc to ma...
acctgprinciples.blogspot.com
Accounting Principles: June 2013
http://acctgprinciples.blogspot.com/2013_06_01_archive.html
News and articles on current issues in financial reporting and accounting. Monday, June 17, 2013. What have IASB and FASB convergence efforts achieved? What have IASB and FASB convergence efforts achieved? Paul Pacter CPA, Ph.D. served as a member of the International Accounting Standards Board (IASB) from July 2010 to December 2012. At the end of his term on the Board, he wrote the following article. With the Norwalk Agreement, the boards launched a series of both short-term and longer-term convergence ...
complianceasia.blogspot.com
ComplianceAsia Asset Management Blog: November 2006
http://complianceasia.blogspot.com/2006_11_01_archive.html
ComplianceAsia Asset Management Blog. An overview of some of the information our clients and contacts get from our monthly regulatory newsletters, compliance alerts and other communications as well as some of our own commentary and opinion. To subscribe to our newsletter please visit www.complianceasia.com. Thursday, November 16, 2006. We published the ComplianceAsia October regulatory newsletter today. Here is the editorial:. Firm or branch is a subsidiary of a. Or contact Effie Vasilopoulos at Sidley in.
acctgprinciples.blogspot.com
Accounting Principles: October 2012
http://acctgprinciples.blogspot.com/2012_10_01_archive.html
News and articles on current issues in financial reporting and accounting. Sunday, October 28, 2012. Often the terms “significant” and “material” are used interchangeably. This can course a lot of confusion. The SEC once took a company to task asking why they used this explanation of a contingency:. 8220;You disclose.that you do not expect the ultimate conclusion of any of the proceedings to which you are a party to have a “significant adverse effect”. According to paragraph 30 of the Framework:. If its ...
acctgprinciples.blogspot.com
Accounting Principles: March 2014
http://acctgprinciples.blogspot.com/2014_03_01_archive.html
News and articles on current issues in financial reporting and accounting. Thursday, March 27, 2014. Experts Say Use Non-GAAP Measures Carefully. Normalized adjusted EBITDA less capex. Adjusted consolidated segment operating income. Adjusted EBITDA (as adjusted). Even enthusiasts of non-GAAP metrics have to admit that such measures often sound just a wee bit ridiculous. A common opinion is simply that non-GAAP metrics are misleading to shareholders. “They may be perfectly understandable to acco...But com...