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tom.selling@accountingonion.com

Ungarbling Financial Accounting

Alas, I have not posted very much of late.  But, it's only because I am trying to find as much time as possible to write my book describing a simple, comprehensive and robust basis of accounting that any public company could…

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The Asset Impairment Song and Dance (Part 2 of 2)

My latest post was about general problems with asset “impairment” accounting —  its absurdity, high cost and dubious information value.  And I haven’t even begun to hone in on the wurst part: goodwill impairment. It is somewhat more challenging to think about recognition…

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Revenue by (Logical) Deduction

It seems there is always good reason to write a post about revenue recognition.  I can even envisage an entire blog on  the FASB’s new standard (ASC 606). It could go on for years without running out of fresh material. That…

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Is “Accounting” Really Accounting?

I wonder why so little is made of the fact that key technical terms in U.S. financial reporting are misleading perversions of plain English?  As a sampling, consider these, which I have written about in postings over the years: “Goodwill” is…

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