Blog

This is my third post for today. About 20 years ago (it’s been that long already!), I had a fairly regular gig traveling to Europe and Dubai to make presentations about SEC disclosure requirements that applied to foreign private issuers,…

This is the second of three posts today.  In this one, I want to talk about materiality — in general, and the recent proposals issued by the FASB. (The first post, a related one, is here.) Materiality vis-à-vis GAAP Before we…

I have three things to write about today, which for the sake of length and ease of future reference, I will publish as three separate posts.  This is the first one.   The FASB has recently proposed a materiality standard…

With inspiration and encouragement from the John Hughes IFRS Blog, this post is a partial recycling from 2010 of Merrily We Roll Along — Forward and Up.   I had observed way back then that with XBRL on the rise, analysts…

After years of trying to work with the FASB on a revised conceptual framework, the IASB finally decided to abandon the goal of a fully converged framework and to finish a document for its own use.  A draft is imminent,…

There are two types of people in the world: those who like to divide people into two types, and those who don't. Too simple? OK, try this one: some people find taxonomies very helpful; and others, not so much. I really like…

As I stated in my post on ASU 2015-03, the accounting for debt issue costs is relatively small potatoes. The point was to illustrate that the FASB’s so-called “simplification initiative” was driven by politics, and that actual simplification might, or…