GLG Topic: FASB (Financial Accounting Standards Board)
FASB (Financial Accounting Standards Board) is the standard-setting body for generally accepted accounting principles (GAAP) in the U.S. Its mission is "to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information." The FASB is recognized by the Securities and Exchange Commission as the organization responsible for setting accounting standards for public companies in the U.S.
Request a consultation
Leading Experts: FASB (Financial Accounting Standards Board)
 |
What is a GLG Leader? |
Thomas Klein, CPAManaging Member
KleinCPA PLLC
Thomas Klein is a Faculty Member in the University of Arizona's Eller College of Business. Mr. Klein teaches Taxation and Financial Accounting courses, both at the undergraduate and graduate (MBA, Masters of Accounting) level. He is also the Managing Member of Klein CPA, a former Deloitte & Touche National...
Eli Bartov, CPAProfessor
New York University (inc)
Dr. Bartov, PhD, CPA, is a Research Professor of Accounting at the Stern School of Business, New York University. He has authored numerous scholarly articles on issues of accounting earnings manipulations, earnings quality, equity valuation, executive stock options, insider trading, market efficiency,...
Paul Miller, CPAProfessor
University of Colorado (inc)
Paul B.W. Miller, PhD, CPA, is a Professor of Accounting at the University of Colorado at Colorado Springs. He holds PhD degree from University of Texas at Austin and B. S. from Rice University. He has over 35 years of teaching, professional, and regulatory experience in financial reporting, GAAP, with...
Dan GodeCo-Founder
Almaris E-Learning Systems
Dan Gode is a Clinical Associate Professor of Accounting, Taxation, and Business Law at New York University Stern School of Business. He is also the Co-Founder of Almaris E-Learning Systems. Professor Gode teaches courses in corporate financial accounting and modeling and projecting financial statements....
George HoenigPresident
George S. Hoenig,LLC
George S. Hoenig is the President at George S. Hoenig LLC, a CT-based independent tax consulting firm. He has over 40 years of diverse public accounting experience working in a number of industries including software, high tech, chemicals, financial services, consumer products, and aereospace. Mr. Hoenig...
Study Groups: FASB (Financial Accounting Standards Board)(?)
| Study Group Name | Members |
|---|---|
| FASB 28: Sale-Leaseback Accounting Experts | 10 |
| FAS 109 Accounting Experts | 10 |
| Inventory Accounting Academic Specialists | 18 |
| Corporate Income Tax Specialists (US) | 63 |
| Corporate Tax Academic Experts | 12 |
GLG NewsSM
Analysis: FASB (Financial Accounting Standards Board)(?)
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...
The 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 ...
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...
This analysis takes a look at the issues involving fair value. While fair value is becoming increasingly relevant yet it raises several problems and complicated ...
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...
Quick Facts about GLG
GLG's 750+ Clients Include:
global mutual funds
global banks
private equity firms