FASB

Welcome to the 'FASB' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'FASB'.

Latest blogosphere posts tagged “FASB”

• Better reporting standards could hike insurance stock prices

  
  BloggingStocks — Authority: 655
  Filed under: Other issues , Competitive strategy The worldwide insurance industry may be worth more than you think. Industry analysts believe that reporting isnt as consistent as it could be, and that improvements to insurance financial reporting would pump up those stock prices. PricewaterhouseCoopers ...
  3 days ago

• Banks to the Fed: "Rewrite the Accounting and Well Totally Help with Your Exit Plan"

  
  Jr Deputy Accountant — Authority: 145
  Pic credit: David Dees Now if this isnt the reacharound to beat all reacharounds, Im not sure what is. The Fed doesnt have the authority to do this and if they do, I think the bloodless coup can finally be considered "Mission Accomplished". Reuters : A handful of banks have told the Federal Reserve they ...
  5 days ago

• Proposed U.S. Law Changed, FASB Independence Maintained

  
  Accounting Principles — Authority: 117
  A U. S. Congressional committee last week removed language from an bill that would have given a new regulator power to oversee FASB standard-setting activities for U.S. GAAP. The legislation, from the House Financial Services Committee would have transferred the SECs accounting standards oversight authority to a ...
  1 week ago

• Useful Business Forms, Calculators, Tools and Templates

  
  Accounting-financial-tax.com offers bookkeeping journal entry basic accounting financial accounting management accounting tax accounting cash management accounting cost accounting financial ratio budget forecasting — Authority: 129
  Many of you asked me for Business Forms, Calculators, Tools and Templates or anything that may help. Here I post some. This is by no mean all inclusive, in fact I spent a day to search and gather all these links. I hope it is useful. If you have good resource of such, please feel [...]
  1 week ago

• Systemic risk legislation threatens FASB’s independence

  
  AccountingWEB.com — Authority: 144
  Barry Melancon, president and CEO of the American Institute of Certified Public Accountants (AICPA), and Cindy Fornelli, executive director of the Center for Audit Quality (CAQ), participated in a joint briefing on Monday November 16 to express their strong opposition to an amendment sponsored by Representative Ed ...
  1 week ago

• SEC Ignorance to Lead to Folly

  
  The Summa — Authority: 123
  Yesterday, a third Commissioner of the Securities and Exchange Commission spoke out, decrying (1) the politicization of the accounting standard setting process, and (2) the need for a single set of global accounting standards.  By so speaking she aired her ignorance for all to see.As reported in a Reuters update, ...
  1 week ago

• Accountants to Politicians, Bankers: Hands Off Accounting Standards

  
  Accounting Principles — Authority: 117
  Leaders of the American Institute of CPAs and the Center for Audit Quality told legilators that bankers should not regulate accounting. The accounting and auditing organizations are worried about proposed legislation setting up a systemic risk regulator for the financial sector. The legislation proposes creation of ...
  1 week ago

• Paul Volcker on the FASB Override Button... And Who Needs a Button When You Have a Baseball Bat?

  
  Jr Deputy Accountant — Authority: 145
  pic credit: to dry for (um yeah) I guess Paul Volcker isnt that evil after all. Well sort of. NYT : A proposal to give banking regulators authority to block accounting standards is “a terrible idea,” Paul A. Volcker, a former chairman of the Federal Reserve Board, said Monday. Mr. Volcker has been an ...
  2 weeks ago

• Federal Housing Update: Loan Growth at the Public’s Expense

  
  Wall St. Cheat Sheet — Authority: 648
  This article is a guest post by The Institutional Risk Analyst . We could not let pass the silly commentary last week in the Big Media regarding the fiscal situation of the Federal Housing Administration, the Federal Home Loan Banks and the other GSEs. The head of the FHA, Commissioner David Stevens, says that the ...
  2 weeks ago

• Milestone Marketing and Avalara Select Tensoft® to Manage Their Complex Billing and Revenue Recognition Processes

  
  Your Story — Authority: 591
  Tensoft Revenue Cycle Management (RCM) Delivers Flexible Support for Todays Business Models
  2 weeks ago

• Jack has it right: It truly is an accounting vortex

  
  CPA Success — Authority: 490
  Jack Ciesielski is dead-on in his post "An Accounting Vortex,"  in which he describes the turbulent, spinning changes in accounting regulations and standards. Specifically, he is referring to the SECs quick reversal from a slowdown to a race to get to IFRS fast.  Then there is the House bill exempting ...
  2 weeks ago

• Accounting Rules Mess Up Lending Market

  
  Accounting Principles — Authority: 117
  New accounting rules on securitizations have messed up the market for bonds backed by credit-card debt. No new credit card securities have been issued since the beginning of October. Such securities are created when card loans are packaged into bonds and sold to investors. The new rules (FAS 166 and 167) require ...
  3 weeks ago

• Via Going Concern: Yes, Virginia, There is a Functioning Financial System

  
  Jr Deputy Accountant — Authority: 145
  Straight from GC: Over the weekend, I covered an obscure financial reform proposal that may mean taking away final responsibility of accounting standard-setting from FASB and creating a sort of “emergency” switch for use solely in situations of undue financial stress. This type of “escape hatch” might be ...
  3 weeks ago

• SEC Hints at U.S. IFRS Adoption

  
  Accounting Principles — Authority: 117
  Following a joint meeting of the IASB and the FASB last week, SEC chairman Mary Schapiro provided a hint on U.S intentions on convergence with IFRS . Schapiro read a 40-word statement last week that included the words "I am greatly encouraged by the commitment of the IASB and the FASB to provide greater ...
  3 weeks ago

• Our Potemkin Village economic system

  
  Politics in the Zeros — Authority: 531
  Everything is wonderful with our sparkling economy. The government has matters well in hand. (Just dont look behind the facade.) (Image from ConceptArt.com Environment of the Week Contest for Potemkin Village . The artists, unlike our government, know what they are creating is fantasy and not real. And they’re ...
  3 weeks ago

• The FASB is under attack by banking lobbyists

  
  The Economic Populist - Speak Your Mind 2 Cents at a Time — Authority: 593
  The FASB , the independent corporate accounting standards board, is under attack. Believe this or not, financial lobbyists are trying to get its independence dissolved so they can cook the books whenever they damn feel like it. This article, Civil War In Corporate America: Banks Battling The Chamber On ...
  3 weeks ago

• Meet the FASB Override Button

  
  Jr Deputy Accountant — Authority: 145
  I reluctantly admit that flawed as FASB might be (I think 157-e comes to mind here), weve got it slightly better than Europe. But that might be about to change. HuffPo called it "Civil War In Corporate America" : Amid the ongoing financial regulation overhaul, the banking industry is hoping to pull off a quiet ...
  3 weeks ago

• Amendment could neuter FASB

  
  Rolfe Winkler — Authority: 646
  Sarbox isn’t the only regulatory regime under threat. As Ryan Grim writes over at HuffPo , an amendment has been introduced that would put FASB under the thumb of the new systemic risk oversight council, and give the council the power to literally do away with inconvenient accounting rules that pose a problem for ...
  3 weeks ago

• Amendment could neuter FASB

  
  Fuck Bankers — Authority: 171
  Sarbox isn’t the only regulatory regime under threat. As Ryan Grim writes over at HuffPo , an amendment has been introduced that would put FASB under the thumb of the new systemic risk oversight council, and give the council the power to literally do away with inconvenient accounting rules that pose a problem for ...
  3 weeks ago

• Amendment could neuter FASB

  
  Gulag Blog — Authority: 171
  Sarbox isn’t the only regulatory regime under threat. As Ryan Grim writes over at HuffPo , an amendment has been introduced that would put FASB under the thumb of the new systemic risk oversight council, and give the council the power to literally do away with inconvenient accounting rules that pose a problem for ...
  3 weeks ago

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