CFO.com: Accounting News

IFRS: Jekyll or Hyde?

Fri, 20 Nov 2009 14:30:00 GMT

U.S. adoption of global accounting standards would be intended to create a level global playing field, but within U.S. borders, its benefits would differ dramatically from company to company.

CFOs High-five on 404 Rollback Bill

Wed, 18 Nov 2009 06:16:00 GMT

But some accounting experts despair over a resulting lack of checks on management's assessment of internal controls of financial reporting.

Herz: U.S. Convergence Ball Is in SEC's Court

Tue, 17 Nov 2009 05:54:00 GMT

The decision about whether the nation's corporations should report under international accounting standards has foundered amid a change of Presidents and a corresponding change of leadership at the Securities and Exchange Commission.

How to Wreck Your Company's Valuation

Tue, 17 Nov 2009 09:29:00 GMT

Avoid reconciling GAAP and non-GAAP reporting, providing metrics used in business modeling, or breaking out the results of acquired companies, and that will do the trick, a top analyst says.

Keep Bank Regulators Away from FASB: SEC Commissioner

Wed, 18 Nov 2009 03:21:00 GMT

Commissioner Elisse Walter hopes to squelch a legislative proposal that would make FASB subject to oversight by banking regulators. Other critics say the proposal might allow banks themselves to influence accounting.

Business Models Matter (for Accounting, That Is)

Sat, 14 Nov 2009 00:08:00 GMT

With the first in a trio of rules on financial instruments, the IASB requires companies to evaluate their business model before abandoning fair-value accounting.

"We've Got to Find the Middle Ground"

Tue, 10 Nov 2009 16:40:00 GMT

In his new book, Too Big to Save?, Robert Pozen proposes fixes for the biggest financial crisis of our lifetimes.

Start Your IFRS Engines?

Fri, 06 Nov 2009 05:53:00 GMT

In the wake of last week's meeting of U.S. and international accounting standard setters, the SEC's Mary Schapiro gives a nod to the rulemakers' convergence efforts.

"Convergence Doesn't Necessarily Mean the Same."

Thu, 05 Nov 2009 19:08:00 GMT

The IASB and FASB are hoping to write accounting principles that match up word-for-word. But the devil may be in the rules governing implementation. Here are two examples.

When Is a Lease a Lease?

Mon, 02 Nov 2009 13:06:00 GMT

The answer will prove pivotal to companies' balance sheets when a new lease accounting standard comes out.