On Tuesday, May 4th, 4 pm ET, we will be joined by Tom Selling of The Accounting Onion. Tom will be discussing his opinions of standard setting in general, including fundamental questions regarding recognition, measurement and disclosure. In the process, he will also be providing his thoughts on selected portions of the current FASB/IASB agenda. Time permitting, Tom hopes to cover leasing, revenue recognition, financial statement presentation and impairment.

Those of you who follow The Accounting Onion will know that Tom doesn’t pull many punches when it comes to sharing what he thinks about the current state of standard setting and financial reporting. However, for those of you who are less familiar with Tom, here are a sampling of his posts on a variety of issues.

IAS 23 and FAS 34: Political Interests Trump Accounting for Interest

FAS 52: Adding Apples and Rocks

FAS 157: Fair Value Has left the Station–But Is It on the Wrong Track?

Making Revenue Recognition Simple and Informative

The FASB’s Mission Incomprehensible

The “Preliminary Views” on Financial Statement Presentation: Seven Years of Deliberation for This?

Lease Accounting: Replacement Cost is the Only Hope for a Principles-Based Solution

If you have time, I encourage you to take a look at these (or other) posts on The Accounting Onion, and then be sure to join us on Tuesday for what promises to be a lively discussion.

And remember – you can attend Round Table Discussions in Second Life (instructions here) or on the web at our LIVE page.

Jeffrey Hales

Jeffrey Hales

Jeffrey Hales is an associate professor at the Georgia Institute of Technology, where he teaches financial accounting. He conducts research on investor and analyst decision making, using techniques from applied game theory, experimental economics, and psychology. During the 2009-10 academic year, he was the Financial Accounting Standards Board's Research Fellow.

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Comments

Tom Selling

May 3rd, 2010

Jeff,
Your post states that the roundtable will start at 4PM eastern time. I was under the impression that it would be starting at 11 am eastern time.

Please clarify.
Best,
Tom

Jeremy Bentley

May 5th, 2010

We’ve posted the video of yesterday’s Round Table. Thanks to everyone who participated.

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