Tag:
Fasb
Latest Headlines
Latest Headlines
SEC ponders role of FASB
The SEC first proposed a roadmap to IFRS adoption back in 2008. Since then, the path toward the international standard has been muddy and winding, resulting in the uncertain state we're in today.
Goldman Sachs, Morgan Stanley ponder mark-to-market accounting
Mark-to-market accounting is back in the news. The issue hasn't been this hot since the aftermath of the financial crisis back in 2008 and 2009, when banks were battling for survival. At the time,
Big investors weigh in on IFRS and FASB, as "condorsement" gains traction
The switch to IFRS looms as a major compliance and financial challenge, and some have likened it to adoption of financial controls to conform to Sarbanes-Oxley. That may be going a bit far, but it
SEC offers new potential path to IFRS
The SEC has said it would like to make a decision on IFRS this year. Most people assume that it will embrace the international standard, but the questions are when and how. The "how" aspects have
IFRS, GAAP convergence delayed
The SEC has said it would like to make a decision in 2011 about whether to incorporate IFRS into the U.S. financial reporting systems. Most expect the agency to embrace the international standard;
New XBRL taxonomy released
We continue to inch toward XBRL as the main method by which financial information is reported. The SEC just adopted the 2011 U.S. GAAP Financial Reporting Taxonomy, which details various tags and how
More on Lehman's use of Repo 105s
Repo agreements are common on Wall Street. But the issues surrounding Repo 105s, which Lehman ( Lehman Brothers news) used to lower its debt levels for earnings purposes have been a bit cloudy.
An IFRS update; are you ready?
Big multinational companies have already gotten their feet wet with IFRS . It's a good thing because it's looking more and more like the international standard will indeed become reality for most
Goldman Sachs hedge fund report; Barron's article sinks Citi stock;
Company News:> Citi stock run over? Article > Barron's article sinks Citi stock. Article > Goldman Sachs hedge fund report. Article > Allen Stanford to have heart tests. Article > FBR
Speed bumps for early XBRL adopters
The road to early adoption of XBRL has not been easy for everyone. There have been snafus, such as the Financial Accounting Standards Board's new codification of accounting standards, which is set to
