Posted
July 1, 2008
FASB Agenda Takes on Global Spin
Analysis of: FASB Agenda Takes on Global Spin |
www.cfo.comAuthor: GLG Member Program ContributorA lot has been written about the convergence of accounting standards over the last few years. The bandwagon also moves on. There are however major stumbling blocks....
Posted
June 23, 2008
The Role of Fair Value in the Subprime Mortgage Metltdown
Analysis of: The Role of Fair Value in the Subprime Mortgage Metltdown |
www.aicpa.orgAuthor: GLG Member Program ContributorThe requirements for pricing securities from active external market transactions for prompt reporting to management and investors reflect the internet speed and transparency required for continuing national prosperity in the round the clock world of finance. Absent Fair Value Accounting standards, the...
Posted
June 18, 2008
Hedge Accounting : Caging the 800 page gorilla
Analysis of: Hedge Accounting : Caging the 800 page gorilla |
www.cfo.comAuthor: GLG Member Program ContributorThe FASB proposes to do a complete revamp of SFAS 133 and all the associated baggage that goes with it. The standard itself is so complicated that I wonder if it can really be ...
Posted
June 2, 2008
The Role of Fair Value in the Subprime Mortgage Metltdown
Analysis of: The Role of Fair Value in the Subprime Mortgage Metltdown |
www.aicpa.orgAuthor: GLG Member Program ContributorThe article goes into sub-prime mortgage valuations. i wanted to add a couple of comments about the negaitive effects of homes/properties being repossessed. This causes losses for the lender as they do not recover the principal and interest outstanding. It causes devastation and financial and social/psychological...
Posted
May 28, 2008
The Role of Fair Value in the Subprime Mortgage Metltdown
Analysis of: The Role of Fair Value in the Subprime Mortgage Metltdown |
www.aicpa.orgAuthor: GLG Member Program ContributorThe referred article gives three different expert perspectives on fair value. In this analysis I look at what drives fair value and why fair value accounting applied on a consistent basis can help avoid poor financial reporting.
Posted
May 27, 2008
Economic Toll Mounts From High Oil Prices
Analysis of: Economic Toll Mounts From High Oil Prices |
www.nytimes.comAuthor: GLG Member Program ContributorThe US wastes massive amounts of energy in inefficient production facilities, via an inappropriate transportation system and in poorly designed homes and office buildings. Compounding the problem are financial institutions, which create commodities products for speculative purposes. Is it not time...
Posted
May 27, 2008
Economic Toll Mounts From High Oil Prices
Analysis of: Economic Toll Mounts From High Oil Prices |
www.nytimes.comAuthor: GLG Member Program ContributorThe mortgage crisis, the hyperinflationary oil prices and gyrations in securities markets apart from the errors by rating institutions point to a coming metamorphosis in the presentation of accounting statements. Accounting literature gives little guidance on...
Posted
May 19, 2008
Some facts about fair value
Analysis of: Some facts about fair value |
www.fasb.orgAuthor: GLG Member Program ContributorWithout the fair value accounting and mark-to-market concepts, the modern investment banking and asset management industry could not function. We live in a real time world and the above concepts reflect this fact. The real danger to the system is too much leverage, lax risk management and a missing,...
Posted
May 19, 2008
Some facts about fair value
Analysis of: Some facts about fair value |
www.fasb.orgAuthor: GLG Member Program ContributorThis analysis takes a look at the issues involving fair value. While fair value is becoming increasingly relevant yet it raises several problems and complicated ...
Posted
April 24, 2008
Bankers: Fair Value Is Like Throwing Gasoline on a Fire
Analysis of: Bankers: Fair Value Is Like Throwing Gasoline on a Fire |
www.cfo.comAuthor: GLG Member Program ContributorShort term Financial Instrument ( For trading purposes ) are bought in the Financial secondary market to be traded within a short term period normally less than one year, and could carry a maturity period of more than one year. The purchase (or Sale) of such an instrument in the secondary market is...