CFO One-on-One: Paul McDonald of Robert Half
Paul McDonald, senior executive director of Robert Half, gives us his take on how the current job market affects talent management for both CFOs and the people who work under them.
Not Your Father’s CD
Banks are pitching credit derivatives as a source of higher yields for cash-laden companies. But as always, higher yields mean higher risks.
FASB Proposes a Few Touch-ups
The board's summer project, intended to clarify some of the uncertainty surrounding the treatment of qualifying special purpose entities, has reached fruition with the issuance of three exposure drafts of revisions to FAS 140 and FAS 133.
Reporting on Guaranteed Investment Contracts
An ambitious undertaking by the Financial Accounting Standards Board, aimed at clarifying the accounting of many employer-sponsored defined-contribution plans, is meeting with a guardedly positive reaction from the industry it would regulate.
Enron’s Derivative-Accounting Legacy
A FASB ruling issued in the wake of the failed energy giant's implosion may be up for some fine tuning.
Cox, Sarbox, and FAS 123R
''The door is wide open to the handling of implementation issues'' by the new chairman of the Securities and Exchange Commission.
Basel II and Cross-product Netting
A new document issued by the Bank for International Settlements may help expand the derivatives market by freeing up regulatory capital of financial institutions that engage in multiple sets of derivative arrangements.
‘Business Combo’ Proposal Creating Rifts
The use of fair value rather than pooling, and changes in accounting for loan-loss reserves, are two major concerns.
QSPEs, Derivatives, and FAS 140
FASB plans to require that, in order to receive sales accounting treatment, a qualifying special purpose entity should be subject to revenue recognition tests only at the time a deal involving derivative securities is made, not on an ongoing basis.
FASB Wipes Clean a “Tainted” Provision
The Financial Accounting Standards Board's decision to reaffirm existing guidelines for writing off impaired debt securities comes as a relief to the banking industry.
How Temporary Is ‘Temporarily Impaired’?
Few issues recently put before the Financial Accounting Standards Board elicited more comment than last year's attempt to define accounting treatment for impaired financial assets.