Pensions, OCI, and intangibles

This post relates to some prior threads.  Its main basis is the IASB’s amended pension guidance (Phil’s post).  It is also about what goes to OCI (my post).  And finally it considers another type of intangible that may or may not be an asset (Jeff W’s post). My curiosity is how the new IASB guidance [...] Read more > >

EBITDAP and other pension “magic”

The Dow was at about 14,000 during October-November 2007 and at about 7,000 in February 2009. This resulted in losses in many companies’ pension funds. Many companies had unrealized losses exceeding the 10% corridor boundary, which meant the “excess” losses had to be gradually amortized into pension expense under U.S. GAAP.  For example, in 2009-2010 [...] Read more > >

Researchers Make Suggestions for Lessor Accounting

I have been reading a recent paper by Mark Bauman (Univ. of Northern Iowa) and Richard Francis (Univ. of Texas – El Paso) published in Accounting Horizons (June 2011) on the topic of lessor accounting. For those academics who follow this standard setting topic, you already know there is a relative dearth of research that [...] Read more > >

Questions for Bob Herz at the AAA Meetings

Hopefully, you have all heard by now that the Monday morning plenary speaker in Denver at the AAA Meetings is Bob Herz, former Chair of the Financial Accounting Standards Board. The format of his presentation will be slightly different from the traditional format. That is, Mr. Herz has agreed to address questions that have been [...] Read more > >

SEC Roundtable on IFRS

On Thurs, July 7, the SEC will hold a roundtable on International Financial Reporting Standards. The agenda (available here) looks to cover aspects of the Work Plan with particular emphasis on investor, small company, and government preparedness. The event will be webcast and is scheduled to run from 10 am to about 4 pm in [...] Read more > >

Great teaching case — is it a derivative or not?

A Tuesday June 28th Financial Times article entitled “Accelerated Buy-Backs Make a Comeback” indicated that companies were using excess cash to buy back their own stock. Rather than the traditional buy back process (where a broker buys back the company’s stock .. on behalf of the company), the company is accelerating the buy back. What [...] Read more > >

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