Study Group: Rent-to-Own Industry Experts (?)

Visa's IPO was the largest in history and payment companies like Global Payment Sytems (GPN) and First Data are rising along with the tide. FDC’s choice of Incomm is likely a positive indicator of things to come. Who is the next Incomm? How will the Incomm acquisition affect the valuation of payment...

The SEC recently gave its approval for foreign companies listed in the U.S. to present financials exclusively using the IASB's version of IFRS – with no reconciliation to U.S. GAAP.  The SEC is now seriously looking into the possibility of giving U.S. companies the option of using...

I came across an interesting article (link included in this post) on the topic of receivable securitization programs which gives a nice overview of these types of programs including the structure, economics and accounting for them.  The article essentially calls receivable securitizations as “debt...

The FASB issued a new standard last week within the area of accounting for acquisitions that is said to represent a major departure from the current accounting practices being used by companies.  Some are saying the new rule will be difficult to apply and will require companies and analysts to...

As was well publicized, VeriFone Holdings (PAY) issued a press release yesterday disclosing it overstated its pre-tax income by approximately $30 million during the first three quarters of F2007 (which ends in October).  Importantly, the overstatement represents 80% of the company’s pre-tax...