FASRI Roundtable: XBRL

In my last FASRI blog post, I stated that XBRL represents a significant paradigm shift in financial reporting and analysis from paper/PDF based financial statements to electronic data that can be manipulated to meet users’ needs.  This paradigm shift has implications for not only what research questions we might ask (the subject of the prior [...] Read more > >

FASRI Roundtable: Other Comprehensive Income

The current model of reporting other comprehensive income outside of earnings is controversial and receiving attention from standard setters.  The FASB/IASB Issues Conference this past December spent a significant amount of time on this issue.  Specifically, the primary issues are 1) presentation of OCI in the financial statements (which is the topic of the recently [...] Read more > >

FASRI Roundtable: Gavin Cassar, Wharton Assistant Professor (Video Recording included)

Video Link to Recording here:   http://dl.dropbox.com/u/31770485/Research%20on%20private%20companies-20111108%202104-1.wmv  To participate in the Roundtable, please follow these instructions.  1)  Go to http://intercall.webex.com anytime after 3:00 pm (New York time) on Tuesday, November 8.  2)  Type in the following meeting number: 598 987 887 and click “Join Now”. 3)  On the next page, fill in your name, email address, [...] Read more > >

FASRI Roundtable: Daryl Buck, FASB Member (with link to video recording)

Link to Video Recording here: http://dl.dropbox.com/u/31770485/Standard-setting%20for%20private%20companies.wmv To participate in the Roundtable, please follow these instructions. 1)  Go to http://intercall.webex.com anytime after 3:00 pm (New York time) on Tuesday, November 1.  2)  Type in the following meeting number: 599 285 948 and click “Join Now”. 3)  On the next page, fill in your name, email address, [...] Read more > >

FASRI Roundtable: Doron Nissim, Columbia University

 Even if you were unable to attend Hal’s session last week, please plan to join us for the upcoming Roundtable with Doron.       Participation (PLEASE NOTE DIRECTIONS FOR PARTICIPATION HAVE CHANGED):  To participate in the FASB Roundtable, 1)  go to http://intercall.webex.com anytime after 2:00 pm (New York time) on Tuesday, October 7.  2)  Type [...] Read more > >

Financial Asset Impairment

Roundtable discussion reminded me of a post by Cathy Shakespeare on good vs bad book.  Just this week, some groups in my Theory class were assigned to analyze the FASB and IASB “Supplemental Document” that she cites.  One group is to explain the proposal.  The other group is to highlight the comment letters.  I will [...] Read more > >

Roundtable: Harold Schroeder, FASB Member

The FASB is currently engaged in deliberations on accounting for impairments of financial instruments. The title of Hal’s Roundtable discussion will be “Accounting for Impairment: The Next Generation.”  His discussion promises to provide unique insights into the economic implications of the various accounting alternatives.  Academics should be aware of the issues surrounding the financial instruments [...] Read more > >

Roundtable: International Convergence Part II

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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 > >

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 > >

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