An advisory committee says accounting standards would be far simpler if they were applied to business activities without regard to the impact on specific industries.
Sarah Johnson, CFO.com | US
November 2, 2007
In effect, Pozen said, the subcommittee seems to leaning toward the notion that it's "more important what an activity is than what the entity is." Standardization of reporting is good. However, both the activity and the entity are important. Hint: consider John F. Nash, Jr.
Posted by David Newman | November 04, 2007 02:32 am© CFO Publishing Corporation 2009. All rights reserved.