Structured finance and the if-converted EPS dilution computation

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 > >


Following up on my last post, I had a very entertaining discussion with a Very Successful Accounting Researcher (VSAR) last week at the AAA meetings on the topic.  After VSAR criticized some decision or other of the FASB, I asked “Why do standard setters make such awful decisions?”  We were talking in a noisy room [...] Read more > >