GLG News in Accounting & Financial Analysis

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...

As  the  global  accounting  convergence process  progresses a  number  of  contentious  issues are  being  raised. This  analysis  takes  a  look  at  some  of  these  issues.

The subprime crisis started in America  but  has  stinged and burned  financial institutions and businesses  the  world over. The  referred  article speaks  of  downsizing and  sell off  by  Citigroup  at  CitiFinancial - a  retail loan supermarket  in  India  for  high interest  loans in India....

How can an SEC Commissioner who is obviously not familiar with Fair Value estimates call for changing the existing guidance? The value of something is zero if that is what you can buy and sell it for.    

Anti-fraud techniques within a company cannot be effective in preventing fraud if management is not committed to a fraud-free culture within the company.