Financial Accounting Standards Research Initiative

On January 24 and 25, the FASRI will host a Roundtable on the FAF’s Post-Implementation Review.  In an effort to more effectively oversee the FASB and GASB activities and improve the standard-setting process, the Financial Accounting Foundation (FAF) announced about one year ago a new process to review promulgated standards by these Boards.  Referred to [...] Read more > >

Click here to view the video recording of this Roundtable   The first FASRI Roundtable for 2012 will cover the newly proposed standard on Revenue Recognition.  FASB practice fellows Michael Breen (KPMG) and Heather Harris (General Electric) will lead the discussion.  Michael is a senior manager at KPMG and Heather is an Assistant Controller in the Global Mergers [...] Read more > >

Finals are over and the holidays are here – great time of the year.  As I anticipate FASRI activities for next year, I’m looking forward to the next batch of Roundtables.  This past semester, we had an opportunity to meet several new FASB Board Members, Hal Schroeder, Russell Golden, and Daryl Buck, as they each [...] Read more > >

The FASRI Round Table series continues at 4pm Eastern time on Tuesday, August 30. Rob Bloomfield and Lynn Rees will moderate the session, and our guest speaker is Russell Golden, a FASB Board Member.  Russell was appointed to the board last October, and has been affiliated with the FASB serving in various positions since 2004.  [...] Read more > >

The deadline for the SEC to make a decision on whether or not to accept IFRS for domestic issuers is drawing near.  Obviously, this is an important decision that will have tremendous implications for accounting educators and the FASB.  In a recent speech in China, Hans Hoogervorst, the new Chairman of the IASB, commented that [...] Read more > >

Last Wednesday, I enjoyed our most recent FASRI Round Table.  Ben Couch discussed the new guidance for making Fair Value Measurements (hereafter, FVM) as well as the new disclosures about FVM.  Part of the discussion centered distinguishing between level 2 and 3 measurements.  For a FVM that uses some market information, how does the accountant [...] Read more > >

Update: Here are two slide decks related to the session described below:  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 [...] Read more > >

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 [...] Read more > >

Please click here to here the archived recording of this session. 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 [...] Read more > >

The audio podcast for the disclosure framework roundtable is available here. As a bit of personal commentary, I find it interesting to think of a comprehensive disclosure framework in the context of the recent research on textual analysis, in which researchers use computer programs to process the non-financial/non-tabular content of annual reports, other SEC filings and [...] Read more > >