Office Hours: Bob Herz, FASB Chairman

We are honored to have Robert Herz, Chairman of the FASB, join us for office hours on Tuesday, May 5th at 4pm.  Details about getting to office hours are here.  I am sure we all have good questions to ask him.  Here are mine: Read more > >

Office Hours: Revenue Recognition and Discretion

Anup Srivastava (Northwestern) will join us to lead a discussion on revenue recognition on Wednesday, April 29th at 11am ET. Anup has a working paper that looks at firms who can exercise discretion over intertemporal allocations of revenue recognition, and in examining reactions to SOP 97-2, finds that firms use discretion to convey information, rather [...] Read more > >

Office Hours: Haresh Sapra on Fair Value and Financial Stability

The last time we had an entire session focused on fair value accounting, our stated intent was primarily to discuss recent evidence on the value relevance of fair value accounting.  It didn’t take long for the conversation to turn toward questions of whether fair value accounting was destabilizing and/or pro-cyclical. This week, University of Chicago’s [...] Read more > >

Office Hours: Conceptual Framework Project

For our Wednesday, April 15th session (11am ET), Office Hours will focus on the Conceptual Framework Project.  Leading the discussion will be Ron Bossio, Senior Project Manager, and Kevin McBeth, Project Manager, from the Conceptual Framework Project Team.  You can read about the project itself on the FASB’s Conceptual Framework Project Page. Information on getting [...] Read more > >

Office Hours: Christian Leuz on International Convergence

Office hours tomorrow (4pm ET April 7), University of Chicago Prof. Christian Leuz will be leading a discussion on international convergence.  Christian is in an excellent position to do this:  as I mentioned in this posting on research by Ramanna and Sletten, Christian is one of the authors of a literature review on international convergence–the [...] Read more > >

Office Hours: Segment Reporting, FAS 131 and The Management Approach

Just a reminder that Wednesday, April 1, 11am ET,  Christine Botosan (Univ of Utah) will lead a discussion about her recent research on segment reporting, with Susan McMahon and Marry Harris Stanford—with particular emphasis on the role of managerial discretion and standards that require preparers to disclose information that is consistent with management’s own views.  [...] Read more > >

FASB Office Hours in April Devoted to Research Presentations

In response to popular demand, we have a number of research-oriented office hours sessions coming up. (Most of these will include standard-setters as participants, who can weigh in on the topics, much as Kim Petrone, Financial Statement Presentation Project Manager, did for Bob Lipe’s recent presentation.)  The schedule is: Wednesday, April 1, 11am ET: Christine [...] Read more > >

Office Hours: Leslie Hodder on Fair Value Accounting

Leslie Hodder (Indiana University) will be joining us for FASRI Office Hours at 4pm ET, March 24th, to talk about recent research on Fair Value Accounting. No doubt we will talk a fair bit about FASB’s recent proposals to clarify FAS 157’s discussion on ‘active markets’ and to alter reporting of impairment (see here and [...] Read more > >

Office Hours: Leasing and Value Relevance

On Wed, March 4th, we will be joined (once more) by Danielle Zeyher, FASB Project Manager of the joint FASB/IASB leasing project.  In addition to getting an update on the status of the project, we will also have an open discussion of the extent to which academic research can inform standard setters.  As a springboard [...] Read more > >