Financial Accounting Standards Research Initiative

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 Financial Statement Presentation Project. This project has potentially enormous implications for our teaching and research. It proposes to change the face of financial statements to promote more rigorous theory-based financial statement analysis. Nick will discuss academic research that has influenced the development of the staff draft of an exposure draft and research opportunities that can inform the ongoing debate about the nature and effectiveness of the proposed standards. In addition to the staff draft of the exposure draft, here are some additional suggested sources of information about the issues we will discuss on Tuesday:

• A FASRI conversation initiated by Bob Lipe regarding the 2010 AAA Meetings’ panel discussion of the Financial Statement Presentation Project. 
• An Experimental Study on Financial Statement Presentation, supported by FASRI, and conducted by Rob Bloomfield, Frank Hodge, Pat Hopkins and Kristi Rennekamp.
• Steve Orpurt and Yoonseok Zang’s 2009 article in The Accounting Review titled “Do Direct Cash Flow Disclosures Help Predict Future Operating Cash Flows and Earnings?“
• Steve Penman’s White Paper on Financial Statement Presentation.

Don’t forget to see the new FASRI Roundtables WebPage describing how to join the discussion or simply call in using VenuGen.