GLG News in Accounting & Financial Analysis

Bring government spending under control, avoiding a steady collapse of the government's financial house. Impose stricter regulations and closer risk controls on financial institutions. Banking must return to a higher standard of ethical behaviour to ease crisis of confidence.

The  Federal Reserve  wants  more  supervisory  and  control  powers  over  banks  while  saying  that  banks  should  be  allowed  to  fail. Basel  II guidelines  are  around  the  corner. It  is  a  moot  point  as  to  what  extent  these ...

- Centex scrapped cutting edge solar panel program in Naples Florida community last year due to expense. - This was after a hand shake agreement with local environmentalist Clyde Butcher to provide solar to Naples community in exchange for his endorsement. - A hand full of houses were completed with solar power panels. - Credit given by FPL on home owners electric bill for use of solar.   ...

The Weather Channel sale by privately held Landmark Communications to NBCU and private equity affiliates of Blackstone Group and Bain Capital for a reported $3.5 billion demonstrates that potential bidders such as CBS (recent buyer of CNET for $1.8b), Viacom, Liberty, and TW are being extremely careful when it comes to signficant network assets.  The auction lasted seven months, with Time Warner...

Economic  policy  globally  is  today  focused  on  inflationary  concerns  combined  with  keeping  the  growth  momentum. The  subprime  crisis  has  amply  demonstrated  that  the  creation of  wealth  is  fast  turning  towards  the  negative  zone ...

A  lot  has  been  written  about  the  convergence  of  accounting  standards over  the  last  few  years. The  bandwagon  also  moves  on. There  are  however  major  stumbling  blocks. In  this  analysis  I  look  at  whether  Convergence  will ...

With the market reaching below a 12,000 DOW, fraudsters will be ever more vigilant in attempting to "bait" their prey into investing in ever more "profitable" endeavors.  With these unscrupulous agents everywhere, it is important to have a "Fraud Examiner" (Forensic Accountant) available for analyses of potential investment opportunities.

The requirements for pricing securities from active external market transactions for prompt reporting to management and investors reflect the internet speed and transparency required for continuing national prosperity in the round the clock world of finance. Absent Fair Value Accounting standards, the delayed or deferred recognition of market losses allows investors to continue believe valuations...

The FASB proposes  to  do  a  complete  revamp of  SFAS 133 and all  the  associated baggage  that  goes  with  it. The standard itself is so  complicated  that  I wonder  if  it  can  really  be  revamped. In this analysis I  look  at  whether accounting  can  be ...

Internal  audit,  risk measurement  and  compliance  are  getting more  and  more  intermeshed. The  realization  is  increasing  that  effective  internal  audit  is  relevant  for  improving operational  efficiency.  In  this  analysis I  look  at  the  importance ...