Tag:
Fair Value Accounting
Latest Headlines
Latest Headlines
Let IT play key role in moving to IFRS
IFRS is a reality. Most people have accepted the fact that the new accounting standard--sooner or later--will be required. Indeed, a lot of companies have been forced to embrace it already. Other
The tide turns on mark-to-market
The banking industry has been fairly relentless in its efforts to overturn the mark-to-market rules that investors have so dearly embraced. Success at last: The FASB has voted to allow more leniency
A new U.S. accounting standards body?
The fight over fair value accounting has spawned a lot of ill will. It has come to this: Two lawmakers have proposed something they call the Federal Accounting Oversight Board (FAOB), which would not
A 'selective suspension' of fair value coming?
You've probably had your fill of talk about the fair value rule and the ongoing credit crisis . The SEC has generally held firm that the rule ought not be suspended, preferring to emphasize that banks
Fair value rule left intact
Recall that as part of the massive $700 billion package passed by Congress in October, the SEC was required to study fair value accounting and the role it played in the recent credit market
Banks tout use of FAS 115
The debate over FAS 157 has segued into a debate over the use of FAS 115. Big banks, frustrated that they are still required to comply with mark-to-market rules, are starting to push for the use of
Don't count on suspension of fair value rules
Recall that the $700 billion bailout deal passed by Congress included a requirement that the SEC study the impact of fair-value accounting on the financial system. Some thought this might presage an
Is Citi solvent?
Christopher Whalen, co-founder of Institutional Risk Analytics and a long-time critic of Citigroup, has this to say about whether Citi is solvent: "If you combine opaque structured-finance products
Pro-fair value crowd makes its case
For a while, it seemed as though the anti-fair value crowd was winning the day. The many critics of FAS 157 were being heard well above the din. Some were openly calling for the rule to be abolished,
Why the bailout has not lifted confidence
We've seen some amazing government moves in the last few days: the bailout plan; the decision to directly buy short-term commercial paper from companies; the decision to provide yet more liquidity to
