Marie Leone, CFO.com | US
April 30, 2008
i am still in shock that "GAAP" has given up so quickly. is it because we are concerned about the perceived deterioration of our capital markets....
trust me when i say that the major money houses do not give a blank about where the money is coming from....we have sold out and i feel like a cheap blank having spent 29 years under the GAAP roof
Posted by rick macchiarulo | May 8, 2008 8:54 AM ET
As geographies cease to exist and as businesses are truly done seamlessly, it is imperative that there is a well thought-out, principles based, International Accounting Standard. This is easier said than done.
Change always wreaks inevitable angst, but the enduring benefits would well justify the pain, effort and the cost.
Posted by Chandrasekar Venkataraman | May 1, 2008 9:34 AM ET
Maybe my european masters degree will finally payoff, if I live long enough! Skeptic? Na. Any bets on this century?
Posted by RICK JENNETTE | Apr 30, 2008 9:31 AM ET
Marie : Excellent summary of yesterday,s event.
Posted by James Higgins | Apr 30, 2008 9:31 AM ET
Makes you think about all that has happened and the changes in GAAP since that "tune" was written.
Posted by terrence geremski | Apr 30, 2008 9:19 AM ET