AAA FASC Weighs in on Revenue Recognition

The AAA Financial Accounting Standards Committee (FASC) recently submitted a comment letter in response to the FASB/IASB’s discussion paper on revenue recognition. This letter is unusual because it is one of few (if any others) that draw on existing academic research to support its arguments. In that regard, the FASC has provided a useful service [...] Read more > >

Securitization Yields a Big Turnout, Engaging Discussion, and Lingering Questions

Securitization certainly seem to be a hot topic!  We had a big turnout for yesterday’s Round Table Discussion, with over 20 people coming in-world for the discussion and even more than that streaming the event live from the web.  I think people were hoping to hear lots of informative and stimulating discussion and, if they [...] Read more > >

Securitization RoundTable

Don’t forget that Tuesday, July 28th, 4pm ET Cathy Shakespeare will be joining us to lead a RoundTable discussion on securitization.  We will also be joined by Akwasi Ampofo, project manager for the Joint Project of the FASB and IASB called “Financial Instruments:  Improvements to Recognition and Measurement.” You can join us in Second Life [...] Read more > >

Putting The Final Touches on Your AAA Presentation?

I am not sure faculty ever face a more challenging environment for presenting a paper than the AAA concurrent sessions.  You have 15 or 20 minutes to convey months or years of technical work to a diverse audience — some of them know more about the topic than you do, while others need to be [...] Read more > >

Bob Laux of Microsoft on Revenue Recognition, Comment letters, Fair Value…and General Motors

We had an excellent discussion today with Bob Laux of Microsoft. Whether you are looking for research topics or good stories for your students–financial or managerial–you will find this a very interesting discussion. You can now watch the archive live by going here, waiting through a 15 second commercial, and then clicking the “on demand” [...] Read more > >

Securitization, Complexity and Transparency

The blogosphere is ablaze with reactions to an op-ed in the Wall Street Journal about Securitization.  In light of the upcoming roundtable on securitization with Cathy Shakespeare next Tuesday, I thought I would point people toward one of the more interesting perspectives, on the legal blog The Volokh Conspiracy, and related articles on whether financial [...] Read more > >

Reminder: Round Table Discussion with Bob Laux, Microsoft

As previously announced, we will be having our first Round Table Discussion hosted by a preparer this week when Bob Laux (Microsoft) joins us on Wednesday at 11 am ET.  Given Bob’s wide-ranging interests and expertise, Wednesday’s discussion promises to be engaging and informative! As if there weren’t already enough to discuss given Bob’s tentative [...] Read more > >

What Went Wrong With Economics (according to The Economist)

A short article from the Economist serves as an introduction to two other articles.  The intro has a long comment section.  It’s definitely worth a look.  A sample: The charge that most economists failed to see the crisis coming also has merit. To be sure, some warned of trouble. The likes of Robert Shiller of [...] Read more > >

Fair Value for ALL Financial Instruments, but Own Debt at Amortized Cost

Following up on Lisa’s post, I see that the FASB has summarized the key conclusions of this week’s Board meeting: The Board agreed to propose a model to improve financial reporting for financial instruments.   The Board reached the following decisions: Read more > >

Economics Blogs Worth Reading

The Wall Street Journal has an interesting article about the top economics blogs. If you don’t read many blogs, you should definitely read the article and navigate along to the websites.  They even provide a listing of 30 recommended econ/finance blogs. That said, I would like to emphasize that the FASRI blog has a goal [...] Read more > >