GLG News by Software Financial Statement Analysts

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....

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...

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 ...

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 ...

The referred  article  gives  three different expert perspectives on fair value. In this analysis I  look  at  what  drives  fair  value  and  why fair value accounting applied on a consistent basis can help avoid poor financial reporting.

The mortgage crisis, the hyperinflationary oil prices and gyrations in securities markets apart from the  errors by  rating institutions point to  a  coming metamorphosis in  the  presentation of  accounting statements. Accounting literature gives little guidance on...

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 ...

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 ...

As the  rate of  growth of  economies  the  world over grows so does the frequency  of  failures and shortcomings in global  and  national  financial markets. In this analysis I take a look  at  the  role which  the  nature of...