According to Bloglossary, To bleg is to write a blog entry or comment for the sole purpose of asking for something. Today, I am asking for input on what roundtable speakers you would like to see over the coming academic year. As I indicated in Reimagining FASRI, we will be planning roundtables to serve three [...] Read more > >
This post starts with class materials, but ends with some questions for researchers. As I was writing my EPS case for Intermediate II this spring, I ran into a kind of strange problem. I picked 4 or 5 companies with convertible debt and fairly sizable dilution effects. I then went to their EPS footnote to [...] Read more > >
Our next round table will be Wednesday, December 8, from 4-5 pm ET. In that session, we will be going over some of the topics and discussions from the 2010 FASB/IASB Financial Reporting Issues Conference, which will be held this weekend in Norwalk, CT. As discussed on the conference website, the objective of this year’s [...] Read more > >
On July 20, the FASB issued a new exposure draft of their proposed ASU concerning disclosures of litigation-related loss contingencies. For anyone who may not have been following this issue over the past 2 years or so, the FASB first issued an exposure draft on June 5, 2008 which proposed enhanced disclosure regarding contingent losses stemming [...] Read more > >
As most FASRI followers are aware, the IASB and FASB are revising their Conceptual Frameworks. The new and old frameworks posit that relevance of information for making decisions is a key attribute for determining if a particular number should be included in financial reports. Read more > >
In a May 2010 Harvard Business Review article, Dana Carney (assistant professor at Columbia University) answers questions about her research that examines the relationship between a sense of power and the ability to deceive others. Although I highly recommend reading the actual paper (which is very well written, I might add), let me summarize the basics [...] Read more > >
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 > >
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 > >
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 > >
I just read the introduction of a paper that compares commercial and academic risk measures (Price, Sharp, and Wood 2010). And the winner is (drum roll….) commercial risk measures in almost every test. Here’s the abstract: Although a substantial body of academic research is devoted to developing and testing risk proxies that detect or predict [...] Read more > >