The FASB is currently engaged in deliberations on accounting for impairments of financial instruments. The title of Hal’s Roundtable discussion will be “Accounting for Impairment: The Next Generation.”  His discussion promises to provide unique insights into the economic implications of the various accounting alternatives.  Academics should be aware of the issues surrounding the financial instruments project that could enrich your teaching and research.  I hope to see you at the Roundtable next week.  Please plan to join us.

As we did with the International Convergence topic, the ensuing Roundtable in October will follow up on Hal’s discussion with ideas on how academic research might inform standard setters.  We’re happy that Doron Nissim from Columbia University has agreed to lead this discussion on October 11.

Participation:

FASRI Round Tables are conducted using WebEx. To participate, go to http://webex.com anytime after 10:00 am (New York time) on Tuesday, September 27.  Then: click on “attend a meeting”; enter the meeting number 769-027-449; fill in your name, email address and the meeting password, Fasri001 (case sensitive); click on “join”; and decide whether you want to use your computer or a telephone for audio and speaking.

If you choose to use your computer, click on “use computer for audio” and then click on “call using computer”.  Now you should be in the meeting and can use your computer speakers and microphone to participate. Please remember to mute your mic when you’re not speaking.

If you choose to use a telephone, click on “Enter a phone number” and enter your phone number.  You will get a phone call.  Press one on your phone keypad when prompted. Now you should be in the meeting and can use your phone to hear and speak.

If you receive an error message or need help at any time, contact me at 203-956-3472.]]>

Participation:

 FASRI Round Tables are conducted using WebEx. To participate, go to http://webex.com anytime after 8:00 am (New York time) on Tuesday, September 6.  Then: click on “attend a meeting”; enter the meeting number 760-725-978; fill in your name, email address and the meeting password, Fasri001 (case sensitive); click on “join”; and decide whether you want to use your computer or a telephone for audio and speaking.

 If you choose to use your computer, click on “use computer for audio” and then click on “call using computer”.  Now you should be in the meeting and can use your computer speakers and microphone to participate. Please remember to mute your mic when you’re not speaking.

 If you choose to use a telephone, click on “Enter a phone number” and enter your phone number.  You will get a phone call.  Press one on your phone keypad when prompted. Now you should be in the meeting and can use your phone to hear and speak.

If you receive an error message or need help at any time, contact me at 203-956-3472.

Hope to see you there!

Lynn]]>

The FASRI Round Table series continues at 4pm Eastern time on Tuesday, July 19. Rob Bloomfield, Lynn Rees and Phil Shane will moderate the session, and our guest speaker is Harry Evans, Katz Alumni Professor of Accounting at the University of Pittsburgh.

We hope you can join us for this discussion, as we’re sure you will find it useful in your efforts to publish your research. Please put this event on your calendar! Also, please visit the FASRI blog at FASRI.net, where you will find archives of previous round tables and a host of frequent blog posts with information that we’re sure you’ll find interesting on a daily basis.

Participation:

Go to http://webex.com anytime on Tuesday, July 19.  Then: click on “attend a meeting”; enter the meeting number 767991096; fill in your name, email address and the meeting password, Fasri001 (case sensitive); click on “join”; and decide whether you want to use your computer or a telephone for audio and speaking.

OR

Send Lynn Rees an email at llrees@fasb.org and he will return an email with a link to the meeting registration site.

If you choose to use a telephone, click on “Enter a phone number” and enter your phone number.  You will get a phone call.  Press one on your phone keypad when prompted. Now you should be in the meeting and can use your phone to hear and speak.

If you receive an error message or need help at any time, contact Lynn or me at 203-956-3472 or 203-956-5317, respectively.

Hope to see you there!

Lynn and Phil

Lynn Rees and Phil Shane
Academic Research Fellows
Financial Accounting Standards Board
Phone: 203-956-3472 Or (203) 956-5317
Email: pbshane@fasb.org or llrees@fasb.org

• First click on “Read more” below and then click here for the first slide deck.
• First click on “Read more” below and then click here for the second slide deck.

Unfortunate technological difficulties prevented us from recording the session.

The FASRI Round Table series continues at 4pm Eastern time on Wednesday, May 25th. Jeff Hales and Phil Shane will host the program, and our guest speaker is Ben Couch, who will talk about the new Accounting Standards Update (ASU No. 2011-04) on Fair Value Measurement (codification topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.

Ben Couch is a valuation expert at E&Y and is currently a project manager at the FASB in the middle of a 2-year practice fellowship. Undoubtedly, the entire academic financial reporting community would do well to have a primer in how audit firms evaluate the efficacy of level 2 and level 3 valuations in accordance with the new rules which update FAS 157.  This round table provides that primer and offers the opportunity for questions about issues relevant to your teaching and research programs. The session will include a 15-20 minute presentation by Ben, and 40-45 minutes of questions and insights from all round table participants. Please click here for the most recent information about the FASB’s fair value measurement project, and click here for the recently published ASU.

We hope you can join us for this discussion, as we’re sure you will find interesting applications to your teaching and research programs.  Please put this event on your calendar!

Participation:

FASRI Round Tables now are conducted using WebEx. To participate, either:

Follow the simple instructions at the registration site:

https://faf.webex.com/faf/j.php?ED=151006607&RG=1&UID=1066609172&RT=MiMxMQ%3D%3D

OR

send me an email at pbshane@fasb.org and I will return an email with a clickable link to the meeting registration site.

OR

go to http://webex.com anytime on May 25th.  Then: click on “attend a meeting”; enter the meeting number 483309515; fill in your name, email address and the meeting password, Fasri001 (case sensitive); click on “join”; and decide whether you want to use your computer or a telephone for audio and speaking.

If you choose to use a telephone, click on “Enter a phone number” and enter your phone number.  You will get a phone call.  Press one on your phone keypad when prompted. Now you should be in the meeting and can use your phone to hear and speak.

If you choose to use your computer, click on “use computer for audio” and then click on “call using computer”.  Now you should be in the meeting and can use your speakers and microphone to participate.

If you receive an error message or need help at any time, contact me at 203-956-5317.

See you there!

UPDATE: 

Here are two files for the roundtable:  a 2006 review paper by Christine Botosan called “Disclosure and the Cost of Capital:  What Do We Know?” and  recent working paper on voluntary environmental disclosures by Plumlee, Brown, Hayes and Marshall.

The FASRI Round Table series continues at 4pm Eastern time on Wednesday, April 6th. Rob Bloomfield, Jeff Hales and Phil Shane will host the program, and our guest speakers are Christine Botosan and Marlene Plumlee, both professors at the University of Utah.

This session continues our series of round tables aimed at providing input to FASB deliberations regarding a conceptual framework for disclosure. The session will include a 15-20 minute presentation by Christine and Marlene, and 40-45 minutes of open dialogue among all round table participants. Please click here for up-to-date information regarding Board and staff deliberations regarding the disclosure framework project.

We hope you can join us for this discussion, as we’re sure you will find interesting applications to your teaching and research programs.  Please put this event on your calendar!

Participation:

FASRI Round Tables now are conducted using WebEx. To participate, either:

send me an email at pbshane@fasb.org and I will return an email with a link to the meeting registration site.

OR

go to http://webex.com anytime on Wednesday, April 6th.  Then: click on “attend a meeting”; enter the meeting number 489090622; fill in your name, email address and the meeting password, Fasri001 (case sensitive); click on “join”; and decide whether you want to use your computer or a telephone for audio and speaking.

If you choose to use a telephone, click on “Enter a phone number” and enter your phone number.  You will get a phone call.  Press one on your phone keypad when prompted. Now you should be in the meeting and can use your phone to hear and speak.

If you choose to use your computer, click on “use computer for audio” and then click on “call using computer”.  Now you should be in the meeting and can use your speakers and microphone to participate.

If you receive an error message or need help at any time, contact me at 203-956-5317.

See you there!

The FASRI Round Table series continues at 4pm Eastern time on Tuesday, March 29th. Rob Bloomfield, Jeff Hales and Phil Shane will host the program, and our guest speaker is Russ Lundholm, Professor at the University of British Columbia.

 Russ will tee up a discussion of his disclosure-related research in the context of his recent working paper that develops a “competitive intensity” proxy based on textual analysis of corporate financial reports.

 This session continues our series of round tables aimed at providing input to FASB deliberations regarding a conceptual framework for disclosure. The session will include a 15 minute presentation by Russ, and 45 minutes of open dialogue among all round table participants. Click here for a research paper to read in advance of the round table.  Please click here for up-to-date information regarding Board and staff deliberations regarding the disclosure framework project.

We hope you can join us for this discussion, as we’re sure you will find interesting applications to your teaching and research programs.  Please put this event on your calendar!

 Participation:

 FASRI Round Tables now are conducted using WebEx. To participate, either follow the instructions at:

https://faf.webex.com/faf/j.php?ED=148605117&RG=1&UID=1061972392&RT=MiMxMQ%3D%3D

OR go to http://webex.com anytime after 3:45pm on Tuesday, March 29th.  Then: click on “attend a meeting”; enter the meeting number 481985370; fill in your name, email address and the meeting password, Fasri001 (case sensitive); click on “join”; and decide whether you want to use your computer or a telephone for audio and speaking.

 If you choose to use a telephone, click on “Enter a phone number” and enter your phone number.  You will get a phone call.  Press one on your phone keypad when prompted. Now you should be in the meeting and can use your phone to hear and speak.

 If you choose to use your computer, click on “use computer for audio” and then click on “call using computer”.  Now you should be in the meeting and can use your speakers and microphone to participate.

 If you receive an error message or need help at any time, contact me at 203-956-5317.

 See you there!

The FASRI Round Table series continues with a session at 4pm Eastern on Wednesday, March 23rd.  Robert Bushman, professor at the University of North Carolina, will tee up a discussion related to his research that will hopefully impact the FASB’s developing disclosure framework project.  Click here for a research paper to read in advance of the round table, and click here for related power point slides.  Please click here for up-to-date information regarding Board and staff deliberations regarding the disclosure framework project.

Please mark your calendars and join us for this FASRI event. You are sure to find interesting applications for both your teaching and research programs! For more information and for very simple instructions on joining the round table, please click on “Round Tables” at the top of this page.

Please mark your calendars and join us for this FASRI event. You are sure to find interesting applications for both your teaching and research programs! For more information and for very simple instructions on joining the round table, please click on “Round Tables” at the top of this page.

Please mark your calendars and join us for this FASRI event. You are sure to find interesting applications for both your teaching and research programs! For more information and for very simple instructions on joining the round table, please click on “Round Tables” at the top of this page.

As discussed on the conference website, the objective of this year’s conference is:

to provide the FASB and IASB with timely feedback on the Conceptual Framework issue of recognition criteria and their potential role, if any, in the revised conceptual framework. The FASB and IASB are engaged in projects aimed at improving and converging certain financial reporting standards, with the ultimate goal being the provision of comparable financial reporting information under U.S. GAAP and International Financial Reporting Standards. This year’s conference will focus on matters related to the relationship between Conceptual Framework recognition criteria and decisions the Boards have made in developing standard-setting solutions to the same issues in related projects (Leases, Insurance, Revenue Recognition, Financial Instruments and Emission Trading, among others). The conference will explore whether any inconsistencies in Board decisions can be attributed to weaknesses in the existing Conceptual Framework (relating to, for example, definitions of elements or other recognition criteria) or if key guidance is missing in the Framework (relating to, for example, presentation, measurement or the unit of account). These issues are of significant interest to participants in the financial reporting process, and relate to a number of the major joint projects currently on the FASB’s and IASB’s agendas. Academic participants also are urged to offer insights on these issues based on research with which they are familiar.

The conference materials are, as always, thought provoking. They consist of three sets of cases and several items of background reading. In the round table on Weds, we will review some of these case and discuss the role of recognition criteria, whether recognition criteria are necessary and, if so, what their purpose is intended to be.

One of the background readings that will be of particular interest to academics is a research paper on emission rights by Yonca Ertimur, Jennifer Francis, Amanda Gonzales, and Katherine Schipper. In that paper, the authors discuss at length several different methods of accounting for emission rights. They then simulate the likely effect that these treatments would have had on the financial statements of companies with significant annual emissions. As a final empirical test, they look at stock returns to see how the market values these various pieces of information.

Should be a fun discussion. Hope you can join us!

Details for participation are here.