Study Group: Inventory Accounting Experts (US)
Council Members in this Study Group: 26
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 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,...
- Stephen Key
Managing Member
Key Consulting, LLCStephen Key is Managing Member of Key Consulting, an independent consulting firm. Mr. Key has over 35 years of experience in the accounting industry. Previously, he served as EVP & CFO at Textron, a multi-industry company. Prior to that, he served as...
- Alfred Blazek
Chief Financial Officer
Dunham's SportsAlfred 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 CrawleyChief Financial Officer
Natura WaterDwight 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...
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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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!
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2007 Accounting Error of the Year: Depreciation and Amortization
January 2, 2008
Analysis by: Ronald Kiima, President ,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.
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SEC Schedule II - Visibility into the Integrity of Reported Results
September 11, 2007
Analysis by: Ronald Kiima, President ,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.
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MATERIALITY: WHOSE BUSINESS IS IT?
July 24, 2007
Analysis by: Edward Weinstein, Principal,What's Better in Accounting, Rules or 'Feel'? | online.wsj.com
Elaboration on the materiality protocol auditors of financial statements employ.
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March 8, 2007
Analysis by: Ronald Kiima, President ,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.”
Members in this Study Group include these company types:
- Academic Institution*
- Consulting Firm
- Independent Consulting Firm
- E&P Company (ei)
- Individual Accountant
- Strategic Management
- Industrial Equipment Distributor (ei)
- Institutional Asset Management
- Online Retailers / New Media Retailers
- Furniture Retailer
- Retail Strategy / Operations Consultant
- Non-Alcoholic Beverage
- Commercial Cleaning
- Housewares / Appliances Distributor
- Off-Price Outlets
- Sporting Goods Retailer
- Defense Equipment Manufacturer (ei)
- Department Stores
- Accounting & Audit Firm
- Specialty Apparel Retailer
Members in this Study Group often have these job titles:
- Chief Financial Officer
- Professor
- Principal
- Director
- President
- Managing Director
- Assistant Professor
- Accounting Manager
- Partner
- Financial Analyst
- Controller
Related Study Groups
GLG Live Meetings with this Study Group's Leading Experts (?)
February 19, 2009 | San Francisco
GLG Seminar: (SF) Assessing Earnings Quality in Distressed TimesFebruary 12, 2009 | Boston
GLG Seminar: (BOS) Assessing Earnings Quality in Distressed TimesFebruary 11, 2009 | New York
GLG Seminar: (NYC) Assessing Earnings Quality in Distressed TimesTeleconference: Apollo Group - SEC Revenue Probe (11:00 AM EDT/15:00 GMT)
10/29/2009