Tentative Decisions on Financial Statement Presentation
Jeff Wilks has already noted the FASB/IASB decisions regarding lease accounting. Last week’s meetings also included a number of tentative decisions on financial statement presentation. Several...
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Stephen Penman Leads Roundtable Discussion
You may know Columbia Business School Professor Stephen Penman as the 14th-most downloaded author on SSRN. Or you might know him as a Director of the Center for Excellence in Accounting and Security...
View ArticlePenman on Financial Statement Presentation
In preparation for his FASRI Roundtable discussion, Stephen Penman has helpfully shared his CEASA White Paper on Financial Statement Presention, which you can download here. The paper discusses...
View ArticleFeedback on Stephen Penman Roundtable
The roundtable discussion with Stephen Penman yesterday was quite good. Lots of good discussion in both voice and typed chat. One thing I learned is that Stephen stresses subjectivity as a reason...
View ArticleSEC Chief Accountant Questions Convergence by June 2011
A recent Journal of Accountancy article states that the SEC Chief Accountant Jim Kroeker would support the FASB’s cutting the number of convergence projects due for completion in 2011. Here’s one...
View ArticleDid they mean to say that?
Just got back from AAA meeting in San Francisco. Great meeting. One session consisted of a panel of preparers and users debating the costs and benefits of the joint IASB/FASB project on financial...
View ArticleDirect Method Cash Flow Statements and Symmetry
How do we measure the quality of a panel discussion? If we measure it by the subsequent discussion it generates, the AAA panel on Financial Statement Presentation was definitely a success. Bob Lipe and...
View ArticleRoundtable today! 4pm ET at VenueGen.com/?q=inv/sreginvitations
Slides for today’s session: Click HERE Go directly to the meeting HERE At 4pm Eastern time today, we will have our first roundtable for this academic year. Please join us! See the new FASRI Roundtables...
View ArticleContact information for Roundtable on Financial Statement Presentation
In case you missed the first roundtable of the semester, we will have a recording available soon. Meanwhile, you can access the slides for the session HERE. And, Nick Cappiello, the presenter, has...
View ArticleContinued discussion related to the Financial Statement Presentation Roundtable
One important topic of yesterday’s very interesting roundtable with Nick Cappiello is the staff draft proposal to include an “operating-finance” section in the balance sheet. The staff apparently views...
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