GLG News in Accounting & Financial Analysis

This  analysis  takes  a  look  at  the  issues  involving  fair  value. While  fair  value  is  becoming  increasingly  relevant  yet  it  raises  several  problems  and  complicated  issues. The FASB  and  IASB  alongwith  all  major  accounting ...

As long as the F.A.S.B.'s blueprint could "identify the least disruptive, and least costly approach" to move U.S. public companies to IFRS, and this blueprint is generally accepted in the U.S. as accounting principals, the U.S. GAAP is applied. However, applying these standards by other countries and nations already requiring international accounting standards IAS would be a problem.

The housing bust is not over and trends continue to be negative.  The only positive activity is that homebuilding stocks have gone up, without a good reason.  We still have a ways to go to work through all this.

The title of the article is a misnomer - it is the FASB not GAAP that is being replaced.  With little debate or scrutiny, and no cost/benefit analysis of which I'm aware, the SEC has decided to replace United States GAAP with that of an international body over which it has no control. Accounting is the basis of business decisions and to outsource that authority is frightening to say the least....

1.  Given  all of the differences between US GAAP and IFRS it will be a few more years before convergance occurs. 2.  There is a lack of conformity with respect to adherance to IFRS as it has been promulgated into law.  As such, it is difficult to review a financial statement completed under IFRS unless you know the underlying accounting policies promulgated by a specific governmental...

1. Souvereign funds based on the undue accumulation of unproductive foreign reserves can only exist in a mercantilist system of fixed or pegged exchange rates. 2. By moving towards a complete floating exchange rate system, foreign reserve accumulations will be driven to zero and, ergo, also the souvereign funds. 3. So, instead of regulating souveraeign funds, create free-working futures...

It's just astonishing how much junk you can find lying around your bank, especially if you've been collecting things for as long as Citigroup has. Selling $500b in non core assets. Which will help in the short term what about the long term? have we learned nothing from Chainsaw Al (Sunbeam)? Pandit, fire sale well help the top line but what about the bottom line?  And if it gets too difficult,...

In India opportunities abound; yet there is a shortfall of management skills. This article examines the macroeconomic environment both long and medium term and highlights energy, agriculture and healthcare as key beneficiaries of the times we live and will live in.  It then looks at the healthcare and agriculture sectors in India and identifies opportunities in hospitals and warehousing. ...

Not capitalizing interest in inventory causes acceleration of losses and deterioration of book value.

1. Something is clearly worth nothing when nobody wants to buy it, e.g., Bear Stearns price went from $58/share to zero. 2. Option pricing theory tells us that the equity in a firm functions as a long-term option. Clearly, Bear Sterns "American-style equity option" was clearly out-of-the-money. 3. However, without Bear Stearns the whole financial system could possibly unravel and the Fed leaned on...