More social objectives in utility functions

On March 9, Scott Dyreng led a session on how social norms affect people’s behavior.  I made a post a few days later on the subject with a cite to work by Steve Huddart.  Yesterday I saw another example of how social objectives affect employee utility functions, but this one seems quite different. Adam Grant, [...] Read more > >

Industry Views on Leasing Standards: Bill Bosco leads March 31 Roundtable

The FASRI Roundtable this week (11am ET, Weds Mar 31, 2010) will be lead by Bill Bosco, a member of the IASB/FASB International Working Group on leas accounting, Principal of Leasing101, and long time member of the Accounting committee of the Equipment Leasing and Finance Association (ELFA), a trade association representing the $650 billion dollar [...] Read more > >

Follow up on March 2009 mark to market hearing

About a year ago (March 12, 2009) the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Entities held a hearing titled “Mark-to-Market Accounting: Practices and Implications.”  The Committee members directed several hours of fairly hostile questioning to FASB Chairman Bob Herz and SEC Chief Accountant Jim Kroeker.  If you have not seen [...] Read more > >

Roundtable on Emissions Trading Schemes

The February 23rd Roundtable will feature a discussion of Emissions Trading Schemes, led by University of Colorado research Naomi Soderstrom, along with insights from the Assistant Project Manager on the FASB’s Emission Trading Schemes project, Shayne Kuhaneck. Many accountants have only passing familiarity with Emissions Trading Schemes.  As the FASB project page describes, Emission trading [...] Read more > >

New Location for FASRI Roundtables

Until you hear otherwise, FASRI Roundtables will take place at a new location.  If you participate via Second Life, click this link to be taken directly to the new location.  If you watch via the web, there is no change:  the page is still here.  This change is effective today, for Aaron Beam’s talk. Read more > >

Fix It: Roundtable with HealthSouth’s Former CFO, Aaron Beam

If HRC’s actual results fell short of expectations, Scrushy would tell HRC’s management to “fix it” by recording false earnings on HRC’s accounting records to make up the shortfall. – SEC vs. HealthSouth Corporation[HRC] You look back and think, ‘What was I thinking? Why didn’t I just do the right thing?’ But when you’re caught [...] Read more > >

Round Table – Steven Orpurt

On Wednesday, Feb 3rd, 11 am ET, we will be joined by Steven Orpurt of Pepperdine University. Steve will be discussing his paper, entitled “Do Direct Cash Flow Disclosures Help Predict Future Operating Cash Flows and Earnings? This work is co-authored with Yoonseok Zang, also of Singapore Management University, and was recently published in The [...] Read more > >

Roundtable Discussion: Stephen Ryan

Stephen Ryan (NYU) joins FASRI to talk about his recent research on the fair value option in the banking industry.  Stephen is one of the most respected accounting academics studying banking and financial instruments these days, so I expect people will have plenty of questions beyond the research study that will form the heart of [...] Read more > >

Articles on the interaction between research and standard setting

Jim Leisenring’s remarks at yesterday’s roundtable were great.  In the portion related to the interaction of research and standard setting, he reminded us of two papers in Accounting Horizons on the interaction: “Academic accounting research and the standard setting process” by Katherine Schipper and “Accounting research: On the relevance of research to practice” by Jim [...] Read more > >

Useful insights from Jim Leisenring’s Roundtable discussion today

Jeremy summarized nicely some of the discussion points that Jim raised during his discussion with Jeffrey Hales.  I won’t repeat his summary.  However, I found Jim’s comments to be particularly insightful today.  I came away with some very good clarification of a few issues. Here’s one that I found particularly interesting: Regarding his objection to [...] Read more > >