Kachelmeier Gets Record Audience, Posts Archive, Shows IBM and Northrup Grumman a Thing or Two

We had a record audience for today’s talk with Steve Kachelmeier:  almost 50 people on the web and 30 people in Second Life.  And no one had to get stuck in an airport.  If you missed it, just go to our LIVE page and follow the instructions to see his talk ‘on demand’. In other [...] Read more > >

What Makes for a Good Disclosure? Not a Bunch of Citations and Jargon

As reported in the FEI Financial Reporting Blog, a CFO.com article by David McCann captured some recent remarks made by Wayne Carnall, the SEC Division of Corp. Fin. Chief Accountant.  In response to questions about whether firms would have to amend existing filings to make specific references from the legacy body of GAAP literature consistent [...] Read more > >

How True or Fair is "True and Fair"?

One of the topics that came up in last week’s Round Table on Alternative Conceptual Frameworks was a discussion of the true and fair override. It came up when we were talking about one difference between US GAAP and IFRS being that Read more > >

How True or Fair is “True and Fair”?

One of the topics that came up in last week’s Round Table on Alternative Conceptual Frameworks was a discussion of the true and fair override. It came up when we were talking about one difference between US GAAP and IFRS being that Read more > >

Have you read …

Has anyone read MYTH OF THE RATIONAL MAN?  This is written by Justin Fox (time reporter and previously Fortune, i believe).  It was recommended to me.. has anyone read it? Read more > >

Innovations in Editing

As indicated below, Steve Kachelmeier, Senior Editor of The Accounting Review, will be joining us for a Round Table discussion on Wednesday, August 19th at 11am ET. For preparation, I would strongly recommend that you take a look at this fascinating (and very easy-reading) essay by former editor of the American Economic Review, Preston McAffee, [...] Read more > >

Is Accounting's Conceptual Framework Unique?

During today’s Round Table Discussion, an issue arose as to why (some, many?) accountants feel the need for a conceptual framework.  One contributor noted that Basu and Waymire have a paper that observes other business disciplines (e.g., marketing) do not appear to have conceptual frameworks.  Why accounting? Read more > >

Is Accounting’s Conceptual Framework Unique?

During today’s Round Table Discussion, an issue arose as to why (some, many?) accountants feel the need for a conceptual framework.  One contributor noted that Basu and Waymire have a paper that observes other business disciplines (e.g., marketing) do not appear to have conceptual frameworks.  Why accounting? Read more > >

Why Matching Is Out of Vogue

So far, no one has responded to my questions about the importance of contracts for revenue recognition. So, let me venture to ask a few more questions that occurred to me while reading the FASC’s comment letter on the revenue recognition discussion paper. In their response to Q9, the authors state: The traditional “income statement” [...] Read more > >

Round Table Discussion with Steve Kachelmeier

Steve Kachelemeier, Senior Editor of The Accounting Review, will join us on Wednesday, August 19th, at 11am ET.  As usual, Steve will take a few minutes to make his opening points, and then we will turn to Q&A.  Please come prepared with questions, and feel free to suggest some in the comment thread below. To [...] Read more > >