Peeling away financial reporting issues one layer at a time

Tag archive for definition of liability

Non-Voting Shares are in Vogue: Do (Lousy) Accounting Rules Play a Part?

I’m starting a company and I want you to invest.  I will put up $100 of my money for $10 million of yours.  I will own 100 shares of voting stock, and you will [Read More...]

Executory Contracts: The Root of Most Off-Balance-Sheet-Financing Evils

If I may be permitted to say so myself, my principles-based solution for curing repo accounting abuses is the bomb. The off-balance sheet effects of repo accounting could be obliterated by a simple [Read More...]