Study Group: Apparel Retail Financial Statement Analysts

Council Members in this Study Group: 12

This study group may include chief financial officers, chartered public accountants, controllers, and consultants knowledgeable on topics such as finance, taxation, auditing, forensic accounting and fraud, financial accounting and reporting, bankruptcy, pension benefits, cash flow, company valuation, working capital, hedge accounting, and mergers and acquisition, among others.

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Leading Experts in this Study Group

Ronald Kiima

President
Kiima Incorporated

Ronald A. Kiima is a former SEC Assistant Chief Accountant. Mr. Kiima is currently the President of Kiima Incorporated, a private consulting firm specializing in SEC accounting and disclosure issues, SEC registration statements and periodic reports,...

Alfred Blazek

Chief Financial Officer
Dunham's Sports

Alfred S. Blazek is the Chief Financial Officer of Dunham's Sports. He was until October 2008, Finance Director with Whirlpool. Mr. Blazek has served as the Chief Financial Officer for Circuit City's National Service group and a member of the corporate...

Michael Schwindle

Vice President / CFO
MUSICIAN'S FRIEND, INC.

Michael Schwindle is the Chief Financial Officer at Musician's Friend, Inc., an online retailer. Prior to that, Mr. Schwindle was a former subsidiary CFO for The Home Depot, a GA-based home-improvement retailer. He has over 18 years of experience as accounting...

Dwight Crawley

Chief Financial Officer
Natura Water

Dwight Crawley is a Chief Financial Officer at Natura Water. He has been the Chief Financial Officer for several companies in distribution, retail, consumer products and manufacturing industries. He has experience in strategic planning, KPI development...

Edward Weinstein

Principal
Edward A. Weinstein, CPA

Edward Weinstein is a consultant and advisor to businesses and other organizations, an arbitrator and board member of commercial and not for profit organizations. Mr. Weinstein most recently worked with Deloitte and Touche for 40 years, and retired as...

GLG News^SM Analyses by this Study Group's Leading Experts (?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.

Bush Nominates Two Democrats to SEC: More of the Same is Likely

March 31, 2008

Analysis by:Ronald Kiima, President ,

Analysis of:White House to Tap Two Dems to SEC | www.cfo.com

Will President Bush's recent nomination of two Democrats to the SEC make it more investor friendly? Not likely!

2007 Accounting Error of the Year: Depreciation and Amortization

January 2, 2008

Analysis by:Ronald Kiima, President ,

Analysis of:Securities Suits Spike in 2007 | www.cfo.com

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 gets my nomination for Accounting Error of the Year. Unfortunately, absent some unforeseeable improvement in oversight by corporate auditors and the SEC, I suspect that I will again be making the same nomination this time next year.

SEC Schedule II - Visibility into the Integrity of Reported Results

September 11, 2007

Analysis by:Ronald Kiima, President ,

Analysis of:SEC Schedule II - Visibility into the Integrity of Reported Results | tinyurl.com

Few other disclosures give as much visibility into the integrity of a company’s reported results like the SEC’s Schedule II – Valuation and Qualifying Accounts. Unfortunately, despite such schedule being required of most public companies, few companies seemingly fully comply. The absence of otherwise required data, or worse, the outright omission of the schedule in its entirety, should raise investor concerns that a company may be engaging in some degree of inappropriate earnings management.

MATERIALITY: WHOSE BUSINESS IS IT?

July 24, 2007

Analysis by:Edward Weinstein, Principal,

Analysis of:What's Better in Accounting, Rules or 'Feel'? | online.wsj.com

Elaboration on the materiality protocol auditors of financial statements employ.

US GAAP: A Foreseeable Death

March 8, 2007

Analysis by:Ronald Kiima, President ,

Analysis of:One Accounting Standard for All? | www.cfo.com

This article raises the question as to whether the U.S. Securities and Exchange Commission (“SEC”) will ultimately mandate that domestic public companies report their financial results pursuant to International Financial Reporting Standards (“IFRS”). I believe, as a former SEC Assistant Chief Accountant who had oversight responsibility for numerous foreign private issuers, that the answer is an unequivocal “yes.”

View All GLG News by members of this Study Group

Members in this Study Group include these company types:

Individual Accountant
Independent Consulting Firm
Strategic Management
Non-Alcoholic Beverage
Sporting Goods Retailer
Specialty Apparel Retailer
Consulting Firm
Online Retailers / New Media Retailers
Office Supply & Business Services Retailer

Members in this Study Group often have these job titles:

Chief Financial Officer
General Manager
Owner
Financial Analyst
Managing Director
Principal

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