I have already warned you that if high quality financial statements from oil and gas companies are what you are looking for this year, you won’t find much of that in 2014 annual reports. In this post, I’m going to…
Haven't Taken Our IFRS Opinion Survey?We Need Your Input!! Click here to answer 12 brief questions. My previous post lambasted the FASB for shilling the SEC's whacky proposal to measure the year-end value of oil and gas reserves at average prices for…
Before I discuss the sordid details of a recent FASB proposal, please take a moment to read this hypothetical: What if the FASB were to issue a proposal to require companies holding marketable equity securities of oil companies to calculate and report…