Roundtable today! 4pm ET at VenueGen.com/?q=inv/sreginvitations

Slides for today’s session: Click HERE Go directly to the meeting HERE At 4pm Eastern time today, we will have our first roundtable for this academic year. Please join us! See the new FASRI Roundtables WebPage describing how to use VenueGen, our new platform from which you can join the Roundtable discussion. Nick Cappiello, an [...] Read more > >

FAF Appoints Russ Golden to the FASB

The Financial Accounting Foundation took the first step today toward filling the three vacant seats on the Financial Accounting Standards Board that opened up with the retiring of Bob Herz and the FAF’s decision to move from 5 to 7 members. In this press release, the FAF announced that the FASB’s technical director, Russell Golden, [...] Read more > >

My opinion is that this is crazy

Okay, so i was talking to a colleague a few months ago — a prominent academic tax person — and we were talking pensions and deferred taxes. We got it sorted out (he helped me greatly) but then he said something about my making up a fake income tax expense. HUH? Fake, I ask? No [...] Read more > >

Roundtable on Financial Statement Presentation (4pm ET, 9/21/2010)

At 4pm Eastern time on Tuesday, 9/21/2010, we will have our first roundtable for this academic year. Please join us! See the new FASRI Roundtables WebPage describing how to use VenuGen, our new platform from which you can join the Roundtable discussion. Nick Cappiello, an FASB Project Manager, will join us to discuss the IASB-FASB [...] Read more > >

Fabulous teaching example

Several years ago, I stumbled upon a company that does the direct SCF. Excellent example particularly b/c years ago, the company was in desperate shape, close to bankruptcy. They turned themselves around, and you can “see” the strategy shift in their SCF. One, you see the huge cash infusion by lenders… then two, you see [...] Read more > >

Why is that year-end moving around.

A student asked me a question the other day.. never thought about it .. as we were talking about Cisco’s flush statement of cash flows. Their year-end has been: July 25, 2009 July 26, 2008 July 28, 2007 These are Saturday’s. Why are they doing this? Anybody know? Read more > >

Good stuff for your students

I got this fasb email today (see below). Just listened to it, it’s perfect perfect stuff for your classes – intermediate probably, when you cover the statement of cash flows. Very understandable, very short (20 minutes). Wow, really nice. Heads up for you. Lisa The Financial Accounting Standards Board (FASB) and the International Accounting Standards [...] Read more > >

Tidbits from the Frank-Dodd Act

I’ve finally taken the chance to read sections of the Frank-Dodd Act, rather than journalist’s reports and opinions about the Frank-Dodd Act. (Incidentally, if the Sarbanes-Oxley Act was referred to as SOX, what will the Frank-Dodd act be referred to as? FD, FDA, or perhaps Frodd?) I’ve found a number of interesting tidbits that I [...] Read more > >

Convergence Confusion

So the new ideas on discontinued operations being close to re-exposure by the FASB… with the goal of convergence. I’m reading the minutes on the website. The trend is toward “bigger” for discontinued operations which seems less than useful to most decision makers, I would think. Clearly small things to be discontinued should not be [...] Read more > >

Got a Short Experiment You Want To Run?

I just received an email about TESS:  Time-sharing Experiments for the Social Sciences.  Anyone who is running short experiments should take a look.  They offer access to the general US population (not just students); I am not sure whether it is possible to get access to managers or investors, but hopefully someone will take a [...] Read more > >