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”

• Lie #2: New Accounting Rules Show Banks Are All Right

  
  BloggingStocks — Authority: 669
  Filed under: Bad news , Financial Crisis Earlier in the year, U.S. lawmakers and financial companies pressured the Financial Accounting Standards Board (FASB) into changing its rules to help out the banks. "Changes to fair-value, or mark-to-market accounting ... allow companies to use significant judgment in ...
  20 hours ago

• Dont Throw the Fed in the Briar Patch!

  
  Jr Deputy Accountant — Authority: 144
  Its over. Just stop already. Theres no use continuing on unless we can get real about the sorry ass situation we are in. But lets carry on in an overdramatic manner as if somehow that might help, shall we? Bullshit. "This should not be allowed to happen in America" (from The greatest outpouring of money and ...
  1 day ago

• WHERES OUR FINANCIAL TOILET?

  
  THE MARK MARTINEZ SHOW: Talk Radio for Liberals and Real Conservatives — Authority: 127
  Imagine you have a family member who has a gambling problem. But they dont call it a gambling problem. Instead they talk about "a system" that they have. Its guaranteed to break Las Vegas. In their mind they are "investing" time and money. In their minds they are not gambling (theyre not sociopaths either, but ...
  4 days ago

• Cautionary Observations From A Chronological Analysis Of The S&P 500 Balance Sheet

  
  zero hedge — Authority: 743
  There was a time when investment decisions had more to do with fundamentals than whether Bernanke would wake up tomorrow and decide it is time to stop the liquidity spigot (arguably, the only thing that matters these days). Indeed, if in the odd chance Bernanke is not reconfirmed by the Senate, the huge drop the ...
  1 week ago

• Five (5) current issues every CPA needs to know now!

  
  Legislative Insider — Authority: 91
  What would the cost of one bad piece of legislation cost you as CPA or CPA firm? That was a point of discussion at a recent meeting of managing partners in Maryland. Many were shocked to know that the FTC penalty was $3,500 per incident, or the added cost and administrative burden of filing for multiple state ...
  1 week ago

• Fair value foresight and equity destruction

  
  FT Alphaville — Authority: 691
  A Friday accounting curio courtesy of Fitch Ratings. The agency’s done a report on the US banks and fair value, looking at a sample of 20 of ‘em to estimate the impact of potential new accounting rules. The US is considering requiring all financial instruments, including loans, to be measured on the balance ...
  2 weeks ago

• FASB Chair Herz Forcibly Fed the Kool-Aid, Says Banks Deserve a Break on GAAP

  
  Jr Deputy Accountant — Authority: 144
  Well WTF, why do we even have rules? Lets forget about revenue recognition, revenues can now be recognized when they are earned and realizable or totally imagined and never realizable. Screw it. CFO : Robert Herz, chairman of the Financial Accounting Standards Board, wants to loosen the ties between accounting ...
  2 weeks ago

• FASB Chairman: Fair Value Not Cause of Crisis; Separate Banking Regulation from Accounting

  
  Accounting Principles — Authority: 109
  Journal of Accountancy is monitoring the AICPA SEC PCAOB conference this week. They report here on a speech by FASB Chairman Robert Herz on Tuesday that addressed head on criticism of the role of accounting standards in the financial crisis and called for GAAP to be “decoupled” from bank regulation. Herz, ...
  2 weeks ago

• Two Sets of Books Require Two Sets of Accounting Standards

  
  Wall Street Pit — Authority: 662
  What was at the core of the current economic crisis?The financial transactions embedded in the SIVs (structured investment vehicles) located off-balance sheet within our major financial institutions brought our country to its knees. As the securities housed in these SIVs plunged in value, Uncle...
  2 weeks ago

• Two Sets of Books Require Two Sets of Accounting Standards

  
  Sense on Cents — Authority: 436
  What was at the core of the current economic crisis? The financial transactions embedded in the SIVs (structured investment vehicles) located off-balance sheet within our major financial institutions brought our country to its knees. As the securities housed in these SIVs plunged in value, Uncle Sam was forced to ...
  2 weeks ago

• Lunchtime Links 12-8

  
  Rolfe Winkler — Authority: 635
  (Reader note: still working on the bugs….please click “continue reading” to see all the links) Banks, U.S. spar over TARP repayment (David Enrich) This is the kind of thing that gives me a better feeling about Tim Geithner and Ben Bernanke. They are hammering banks to raise equity capital to get out of ...
  2 weeks ago

• Lunchtime Links 12-8

  
  Fuck Bankers — Authority: 170
  (Reader note: still working on the bugs….please click “continue reading” to see all the links) Banks, U.S. spar over TARP repayment (David Enrich) This is the kind of thing that gives me a better feeling about Tim Geithner and Ben Bernanke. They are hammering banks to raise equity capital to get out of ...
  2 weeks ago

• Lunchtime Links 12-8

  
  Gulag Blog — Authority: 170
  (Reader note: still working on the bugs….please click “continue reading” to see all the links) Banks, U.S. spar over TARP repayment (David Enrich) This is the kind of thing that gives me a better feeling about Tim Geithner and Ben Bernanke. They are hammering banks to raise equity capital to get out of ...
  2 weeks ago

• Ratigan Grills Propaganda Queen Christina Romer, Demands Windfall Profit Tax Clarity, Gets Blank Stare Response

  
  zero hedge — Authority: 743
  Ratigan cuts to the chase, bypassing the hollow rhetoric by Administration propaganda queen Christina Romer, who cant beat enough drums on todays pathologically ludicrous BLS numbers, yet is completely unwilling to discuss how the White House will proceed to recoup any of the taxpayer-subsidized windfalls at Wall ...
  3 weeks ago

• Better reporting standards could hike insurance stock prices

  
  BloggingStocks — Authority: 669
  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 ...
  4 weeks ago

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

  
  Jr Deputy Accountant — Authority: 144
  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 ...
  4 weeks ago

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

  
  Accounting Principles — Authority: 109
  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 ...
  4 weeks ago

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