Financial Accounting Standards Research Initiative

I was reading a report that said that certain bank’s tangible book values are supported by large deferred tax assets. It went on to say that banks avoided DTA writedowns at 2009 year-end based on incorporating several years of future profitability in their assessment. First question: how can this be the case [...] Read more > >

Just this morning, a team of researchers went live with a website that ranks accounting programs’ research by topic and methodology. If you’ve ever wondered which accounting programs are the strongest in analytical methodology, based on published research in the past 6, 12, or 20 years by faculty currently in the program, this site can [...] Read more > >

During the FASRI Roundtable this week, Tom Selling sparked a discussion about the extent to which accounting standards are unnecessarily complex.  In response I posed the question whether it was possible to have simple accounting standards for underlying transactions that are complex.  As I continue to think about it, I think that this is a [...] Read more > >

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 [...] Read more > >