Best of 2006: Accounting

• Lost in the Maze
Problems with hedge accounting caused a wave of restatements in 2005. Are FASB's rules too hard to follow, or are companies simply too lax?

• Software Capitalization Clouds Comparisons
Although many companies expense their software development costs, according to a new study, differences in accounting approaches can give ''the impression that those that are capitalizing are doing better financially.''

• Restatements: Stupid Human Tricks?
When they restate, companies would do well to disclose how they found the triggering errors, says the SEC's Scott Taub.

• The Battle to Preserve LIFO
Prompted by Congressional thoughts of repeal, companies that use last-in, first-out inventory accounting start mobilizing their defense.

• FASB To Change Derivative Accounting
FASB aims to eliminate the income statement volatility from asset-backed derivatives.

• FASB Issues Lease Accounting Guidance
A new staff position requires companies to account for the "economic reality" of leveraged leases.

• FASB Hoists Red Flags Higher for Taxman
A new accounting rule changes the way companies report their uncertain tax positions, and may serve as a roadmap for IRS auditors.

• « previous
• 1
• 2