FASB Weighs ‘Firm Offers,’ Stable-Value Assets
The board reconsiders a long-standing revenue-recognition practice, and reaffirms the treatment of a 401(k) stalwart.
Not So Fast, FAS 133
FASB has delayed a new project that would deal with the creditworthiness of derivatives issuers, but it issued another new standard that essentially adopts a position of the International Accounting Standards Board.
The Bankruptcy Law and Basel II
One set of provisions in the new law enables cross-product netting of derivative products, but companies may still run afoul of Basel regulators.
FASB Simplifies Option-Expensing Rule
A provision in Statement 123R had previously applied to a company's former employees only for 90 days, even though many of these workers have the right to exercise options for a much longer period.
Making a Market for Stock Options
A proposal by Cisco Systems, which create a new derivative that would help the company value its employee stock options, has ''a lot of potential,'' according to the SEC chairman.
Should FAS 133 Be ”Marked to Market”?
The discussion of accounting issues surrounding the creditworthiness of issuers may open the biggest hole in FASB's standard on accounting for derivative instruments and hedging activities.
Securities Blocks and Fair Value
Last week FASB discussed the fair value of securities as balance-sheet assets, particularly the accounting treatment of large blocks of securities.
Look Both Ways: Mixed Messages
Core inflation seems stable, but at least one observer believes that last week's PPI and CPI reports will ''push the Fed to keep raising rates.''
Look Both Ways: Motorman, Meet Brakeman
The Fed has signaled that it may raise short-term rates more quickly or for a longer period, but the latest evidence suggests that the U.S. economy is already putting on the brakes.
Look Both Ways: Split Personality
Is the United States a debtor waiting to go bust or a huge demand engine powering the global economy?