GLG News by Stock Repurchase Accounting Academic Experts

Converging to one set of global accounting standards is ideal.  However political and economic factors will intervene.  Accounting standards reflect value systems.  Culture must be appreciated. 

1.    The US accounting profession is attempting to harmonize US GAAP with IFRS.2.    The US accounting profession finds it hard to embrace some harmonization principles because of the US legal environment.

1.   Susan Mangiero is correct in highlighting the impact of increasing health care costs.2.   Financial analysts need to be concerned about the impact of retiree health care costs on earnings and the balance sheet.3.   FASB 158 changes the accounting...

The derivation of Lucent's earnings must be understood.  In the past couple of years, the majority of Lucent's earning are derived from the way it accounts for pensions.

The article focuses on Wendy's recent announcement to buy back up to 35 million shares (around $800 million) over the next 18-24 months.  The company says that the move is motivated by the desire to "return value" to shareholders, although the author speculates that the company may have decided...

Financial analysts should always worry about the investments that pension funds make.  The above referenced article about hedge fund exposure is a good example.  However risk analysis of pension funds is too often limited to asset quality.  This is a big mistake. In analyzing pension...

The new pension accounting standard has many implications.  Although not perfect, it is a move in the right direction. The disclosures are intended to help financial analysts better understand what the firm is doing.