Study Group: FASB 28: Sale-Leaseback Accounting Experts
Council Members in this Study Group: 10
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.
Contact Gerson Lehrman Group to survey or consult with members of this Study Group
Leading institutions connect with members of this Study Group through GLG
Leading Experts in this Study Group
Ronald KiimaPresident
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,...
Dan GodeCo-Founder
Almaris E-Learning SystemsDan Gode is a Clinical Associate Professor of Accounting, Taxation, and Business Law at New York University Stern School of Business. He is also the Co-Founder of Almaris E-Learning Systems. Professor Gode teaches courses in corporate financial accounting...
Paul MillerProfessor
REGENTS OF THE UNIVERSITY OF COLORADOPaul Miller, PhD, is a Professor of Accounting at the University of Colorado at Colorado Springs. Dr. Miller has over 35 years of teaching, professional, and regulatory experience in financial reporting, GAAP, with service on the staffs of both FASB and...
- 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...
GLG NewsSM 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.
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Truth is truth, whether it's welcome news or not
July 7, 2009
Analysis by: Paul Miller, Professor,The Fair Value Deadbeat Debate Returns | www.cfo.com
Financial reporting works best, and maybe only, when it is complete and unbiased. If it is biased to manage the message, it becomes a method of distributing propaganda and all credibility is lost.The economics of gain occurrence is unarguable. If management can retire a debt for a smaller amount than the carrying value, then there are fewer liabilities and more equity. More equity means income has occurred. There is no rationality behind efforts to suppress truthful news just because you don't like it. Let's all hope the standard setters are not swayed by "visceral" impulses into the direction of keeping useful information out of financial statements. The inevitable consequence is greater risk and discounted share and bond prices, simply because users don't have access to the truth. That does no one any good.
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October 13, 2008
Analysis by: Paul Miller, Professor,Alls Fair: The Crisis and Fair-Value Accounting | www.cfo.com
undefined undefined Listen to the message and don’t shoot the messenger if you think it’s bad news. And don’t endorse public policies based on deceptive reporting. undefined undefined
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Is it bad reporting or does naivete reign at the highest levels?
August 7, 2008
Analysis by: Paul Miller, Professor,Mulling the Fair Value, Historic Cost Choice | www.cfo.com
Maybe it's just me, but these quotes from Herz and Pozen are off-base. When they suggest there could be a pure historical cost system, they are talking about something that doesn't exist and hasn't existed in a 100 years, if even then. I have to believe that Herz was misquoted or misinterpreted; I can believe that Pozen would misunderstand. Nothing will come out of this. There will be no turning back to more costs. There will be a continuing progression toward fair value accounting for the simple reason that it produces the information that users want and that society needs them to have.undefined undefined
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Accounting for subprime investments: Denial is not a river in Egypt
April 7, 2008
Analysis by: Paul Miller, Professor,SEC fails to douse debate over ‘fair value’ | www.ft.com
This article reveals the bizarre mindset of managers who (a) want to take huge risks for a shot at high returns, (b) don’t mind reporting results when they succeed, but (c) don’t want to report their losses. To put it another way, they want to invest in risky securities but report income from their ventures as if they put money into certificates of deposit. There is no legitimacy in twisting the accounting to cover up the results, and no reason to blame the chief accountant or FASB for the problem, or to expect the regulators to take them off the hook by allowing the losses to be hidden.
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Bush Nominates Two Democrats to SEC: More of the Same is Likely
March 31, 2008
Analysis by: Ronald Kiima, President ,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!
Members in this Study Group include these company types:
- Academic Institution*
- Consulting Firm
- Real Estate Investment Trusts
- Gas Processor (ei)
- Online Retailers / New Media Retailers
- Boutique Investment Bank
- Operative Builder/Developer
- Government Organization or Regulatory Authority
- Refiner (ei)
Members in this Study Group often have these job titles:
- Chief Financial Officer
- Professor
- Controller
- Managing Director
- Board Member
Related Study Groups
GLG Live Meetings with this Study Group's Leading Experts (?)
September 10, 2009 | New York
Seminar: Prioritizing Key Value Drivers in a Valuation Model (New York)May 7, 2009 | New York
GLG Seminar: (NYC) How to Value Acquisitive CompaniesApril 28, 2009 | New York
GLG Seminar: (NYC) Incorporating Deferred Taxes into Valuation with Dan GodeTeleconference: Apollo Group - SEC Revenue Probe (11:00 AM EDT/15:00 GMT)
10/29/2009