Financial Accounting Standards Research Initiative

The SEC hosted a Roundtable on IFRS July 7.   I turned on the archived webcast in the background as I worked through my email stack.  The discussions seemed similar to a roundtable the FASB held near the end of my term as Fellow.  But I did catch a few new words. Condorsement – Jeremy posted [...] Read more > >

One of the questions around the disclosure framework is how the FASB will coordinate with the SEC and IASB. One issue that may make this question even more interesting is that a new group has potentially inserted itself in the discussion. Last month, the PCAOB released a concepts statement outlining proposed revisions to the [...] Read more > >

I’m fascinated by the Groupon IPO that is underway. I’ll refrain from commenting or predicting the future (at least in a public forum such as this one), but I think this may turn into a great classroom case and possibly standard-setter motivation in the near future. If the IPO is successful, I believe it will go [...] Read more > >

Click on "read more" at the bottom of this post and then click here for an archived recording of the session and click here for Harry Evans' slides. 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 [...] Read more > >

Sir David Tweedie certainly leaves large shoes to fill. The progress made by the IASB in the last ten years under his direction has been incredible. On June 30, 2011 Sir David Tweedie retired from the IASB. Hans Hoogervorst is his new successor. You can read more about Mr. Hoogervorst here and here. Also of note [...] Read more > >

The FASB’s current Disclosure Framework Project was initiated in response to recommendations from various investor groups and the SEC Advisory Committee. One of the groups to reach out to the FASB was the Investors Technical Advisory Committee. In reading through their 2007 letter, they state as part of their rationale: “In our view, our proposal can [...] Read more > >

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 treats [...] Read more > >

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 the [...] Read more > >

In my accounting seminar last semester we looked at a couple of papers examining analyst forecast trends (Ke and Yu 2006, Libby et al. 2008). Today I encountered an interesting Wall Street Journal article that discussed how these trends have been changing over time. I thought a few points were worth noting: The previous 9 quarters [...] Read more > >

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 [...] Read more > >