Accounting & Financial Analysis News by GLG Council Members

As more and more banks affected by subprime crisis in US and Australia, these banks become the target of China investment arm of SAFE and CIC as they will use the surplus of foreign reserves to strengthen the local banks and park their money in more stable and mature economy.

Vietnam opens to foreign banks indicated that the demand for financial services is high as foreign industries rushing in as they abandoned the China market due to  the operating costs over there are getting higher if compare to Vietnam.

FIN 48   has caused enough problems  ever since it  was  issued  some time back. The  requirement to disclose  the  more likely than not evaluation of  tax liabilities in the context  of  SFAS 109 caused major problems for companies. Last year  the  FASB  refused  to  extend  the  applicable  date ...

1.  WiMAX is the way to step into the next generation and keep the cellular backhaul costs low. 2.  Sprint’s WiMax vision is a dangerous diversion especially when they have problems with the Nextel Merger and their dreadful customer service. 3.  Having said that, Sprint needs to make up its mind on how to proceed.

1. Until now, I was 100% certain the Google, the 600 pound gorilla was going to get the coveted 700 MHz spectrum without any competition. 2.  Allen’s entry into the auction should not be dismissed as not important. 3. Allen has been quietly collecting airwaves and this 700 MHz will be a valuable addition.

1. With Oil at a $ 100 a barrel, it is inevitable that alternate energy sources like wind and solar need to grow and prosper. 2. The biggest caveat is the expiration of the renewal energy tax credits by the end of 2008. 3. America needs a long-term policy focused on alternate energy sources.

1.  Hedge Funds have had a free hand until now. 2.  Risk Management has taken a back seat for hedge funds especially in lieu of the bull market that has been in place since late 2002. 3.  We need to get the SEC and the NASD, only to name a few to take a bigger role in analyzing the risk that hedge fund companies undertake.

This problem seems to be an old one as the world. Should we rely on historical data or are we enough accurate and able to predict the future based on current assumptions? ZBB is relying on the second approach. Especially in case when the resource consumption is not repeatable from period to period e.g. new projects. Anyway an incremental budgeting should be crashed with ZBB. Cost pools can be tailored...

Budgeting is  an  area  which  has  not  attracted sufficient interest from analysts  and  others involved with the financial analysis of  financial  statements. At  the  same  time  zero base budgeting  attracts  even less  interest even  from corporate managements. Over the  last  few  years...

The subject article provides some interesting insights into the upward reversal in the number of securities class-action lawsuits filed during 2007.  Given such, I thought it might be fitting to offer my personal insights into what I continue to believe is the most common, yet rarely noticed, accounting error. As in prior years, inappropriate depreciation and amortization methodologies once again...