All GLG News Analyses Filed Under: Accounting Regulatory Bodies

1) IFRS will help to see all Financial Statements homologating criteria which contributes to improve investment activity around the world. 2) Even mentioned IFRS must be reviewed in some aspects also, because some issues do not reflect a the real business activity.  

As long as the F.A.S.B.'s blueprint could "identify the least disruptive, and least costly approach" to move U.S. public companies to IFRS, and this blueprint is generally accepted in the U.S. as accounting principals, the U.S. GAAP is applied. However, applying these standards by other countries and...

The title of the article is a misnomer - it is the FASB not GAAP that is being replaced.  With little debate or scrutiny, and no cost/benefit analysis of which I'm aware, the SEC has decided to replace United States GAAP with that of an international body over which it has no control. Accounting...

1.  Given  all of the differences between US GAAP and IFRS it will be a few more years before convergance occurs. 2.  There is a lack of conformity with respect to adherance to IFRS as it has been promulgated into law.  As such, it is difficult to review a financial statement completed...

1. Something is clearly worth nothing when nobody wants to buy it, e.g., Bear Stearns price went from $58/share to zero. 2. Option pricing theory tells us that the equity in a firm functions as a long-term option. Clearly, Bear Sterns "American-style equity option" was clearly out-of-the-money. 3. However,...

As  the  global  accounting  convergence process  progresses a  number  of  contentious  issues are  being  raised. This  analysis  takes  a  look  at  some  of  these  issues.

How can an SEC Commissioner who is obviously not familiar with Fair Value estimates call for changing the existing guidance? The value of something is zero if that is what you can buy and sell it for.    

The concept of  fair  value, value in  exchange, risk  measurement  and  the  evolution  of  new  derivative  instruments  continue  to  confound  the  initiated  and  the  beginner. In  this  concept ...

Will President Bush's recent nomination of two Democrats to the SEC make it more investor friendly?  Not likely!

1.  Value is defined by risk.  Risk deals with uncertainty of the future.  How a firm manages risk is a major determinant of its value. 2.  Accounting standards are dedicated to reporting the past.  Given it is the past, there is little risk or uncertainty regarding such events. ...