All GLG News Analyses Filed Under: Accounting Issues

Look at the mirror

March 16, 2009

Analysis by: GLG Expert Contributor

Analysis of:AIG Executives receive bonus | www.cnn.com

-Contractual bonuses should not have been a surprise. - We are a country that needs to abide by rule of law (whether it is good or bad). - The media does a disservice by not explaining the story within context.  It is more interesting to say "AIG paid billions in bonus from TARP money" rather that "AIG agreed to honor its obligations".

Accounting of bailout money is allowing for executive bonuses to be paid.

March 16, 2009

Analysis by: GLG Expert Contributor

Analysis of:AIG Executives receive bonus | www.cnn.com

There is a problem.  It is the accounting of bailout money on the balance sheet.  Most contracts are performance based and a contract does not guarantee a bonus to its employees.  Unless the bailout money is accounted as an offset on the balance sheet allowing the company to show a profit. 

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Accounting Jugglery With Foreign Exchange Losses and Hedges

March 10, 2009

Analysis of:Cos Grapple With Forward Contract Losses | epaper.timesofindia.com

Foreign exchange accounting and accounting for hedges have always been major problem areas. These also give immense scope for manipulation of corporate results. The spot vs. forward contract vs. hedge accounting syndrome are complex and can give rise to misleading and inaccurate results if not properly applied. In this analysis I take a look at IAS 39, Indian AS 30 and SFAS 133 as amended and how these are impacting corporate results in the present scenario.

Auditing Limitation As To Madoff Type Matters

March 5, 2009

Analysis by: GLG Expert Contributor

Analysis of:Government Offers Details of Bank Stress Test | www.nytimes.com

1. Development of new or altered rights and opportunities for fraud victims. 2. Availability of larger potential asset fund for use by trustee/receiver.

The Italian "anti-crisis" package and the impairment test - ADZ Morison

March 2, 2009

Analysis by: GLG Expert Contributor

Analysis of:Government launches anti-crisis measures | www.eurofound.europa.eu

The impact of the crisis on the financial statements of Italian listed companies will also be considerable for the impairment test which is required by the national setter OIC and the regulatory bodies. The "anti-crisis" package includes a moratorium on assessment for Italian companies which are non listed providing some relief to their financial statements for the years 2008 and probably 2009.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

The Upcoming Changes in Bank Ownership and Possible Effects on Accounting Statements

February 27, 2009

Analysis of:Government Offers Details of Bank Stress Test | www.nytimes.com

The Obama administration is proposing major changes in the manner in which banks are financed. The proposals would probably end up with the Government getting a major controlling interest in several financial institutions. Add to that the fact that several banks are declaring losses and you could expect major changes in the way in which the banks present financial information. In this analysis I look at some of these effects.

A Primer on Business Valuation

December 11, 2008

Analysis by: GLG Expert Contributor

Analysis of:A Primer on Business Valuation | expertwitness.lawinfo.com

Valuing a business is a very important job that often has huge consequences yet is often misunderstood by many high-level professionals. This article discusses the basics of many valuation methodologies.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Accounting - Fair Value - The Bailout Package - Why Standards Will Stay and Improve

December 10, 2008

Analysis of:Cox : Accounting is Not a Fiscal Policy Tool | www.cfo.com

The comments of Chairman Cox are very heartening and are the culmination of a long and active drive by Accountants to diverse Accounting from politics, fiscal policy and taxation. While accounting is subject to several assumptions, the role of standards is all pervasive. The indicator that fair value plays a critical role along with valid guidelines for impairment of assets is bound to play an important role in the ongoing economic events. In this analysis I look at how fair value, the bail out package and accounting standards are all interlinked.

The Future of Fair Value Accounting and Mark to Market (FASB 157)

November 19, 2008

Analysis by: GLG Expert Contributor

Analysis of:Could Bank Rules Break The Fair Value Debate | www.cfo.com

Banks and financial institutions blame FASB 157 for their problems by claiming that writing down unperforming assets requires them to sell depressed assets in order to maintaing their reserve requirements. To see if this is true, we need to go back to Ken Lay and Enron during their last days.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

The Changing Effects of Economic and Political Consequences on Accounting Rules - The Fair Value Debate

November 14, 2008

Analysis of:Could Bank Rules Break The Fair Value Debate | www.cfo.com

Accounting rules are being blamed for causing the decline in the  global economy, the rising jobless figures and all other multifarious ills which are gripping the financial sector and capital markets. In the midst we now have a proposal that financial solvency for banks should not be measured based on accounting results and accounting rules. In this analysis I take a look at some of the aspects of this proposal.

Previous Page : 12345678910Next21 to 30 of 152