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A New Vision for Accounting

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Any effort on behalf of a separate GAAP is likely to meet with resistance from FASB chairman Robert Herz, however. He says he wants to stick with one GAAP because "users don't want to have to learn two languages," and because many private companies ultimately go public. However, Herz concedes that the new GAAP format "may have to be simplified" for private companies. — A.S.

What finance chiefs think of FASB's financial-statement project, January 2008

Reader CommentsDisplaying 3 of 3

J Brandon Davis

Feb 15, 2008 7:48 PM ET

Where Can I See Them?

Does anyone know how / where I can see these proposed statements? Can someone post a link?
tim fitzgerald

Feb 8, 2008 9:02 AM ET

changing the financial statements

Hello, I have no idea what the FASB is thinking. They should give more direction on what should be in the lines not … more
Jim Davis

Feb 7, 2008 3:31 PM ET

Is the New Financial Statement Proposed By the FASB Really Useable?

Sounds to me like the FASB is on another of its intellectually stimulating but oh-so-impractical tangents in testing … more