Fair Value Accounting

Companies Laboring to Make Sense of New Fair-Value Rules

Tammy Whitehouse March 20, 2012

With the first-quarter close approaching, companies and their auditors are still trying to determine how they will comply with a new rule that adjusts the method for measuring fair value and requires new disclosures. "Companies are still ... trying to figure out what this really means and what it is going to look like," says Manish Choudhary, a principal at Deloitte. Details inside.

Buttoning Up the Year-End Close

Tammy Whitehouse December 06, 2011

It's that time again. Companies should be combing through financials to assure their estimates are sound and that they are paying close attention to the issues that regulators are focused on as they prepare to close the books on 2011. And a cloudy economy could mean rethinking some assumptions. "There's more uncertainty in the markets, so more could go wrong," says Kevin Pianko, a partner with accounting firm WeiserMazars.

The Implications of Predicting Loan Loss

Scott Taub March 29, 2011

The Financial Accounting Standards Board's recent proposal on impaired loans has the stated objective of recognizing losses before they occur. Columnist Scott Taub argues that the proposal runs counter to traditional accounting principles and would result in a lack of discipline. Inside, he offers an alternative method.

Questions About Obama's Regulatory Reforms

Matt Kelly June 17, 2009

A quick read of the Obama Administration’s proposed reforms of regulatory oversight leaves you with two impressions. First, for the large majority of compliance officers and financial reporting executives out there not involved in the financial sector, little will change. You still have much bigger concerns about increasingly aggressive folks...

The Sorry State of Congress and Fair Value

Matt Kelly March 17, 2009

Let me be sure I remember things correctly: Last fall, Washington was worried about the Europeans watering down accounting rules in the face of political pressure, right?I ask because last week we witnessed the crisis over fair-value accounting rules devolve into some sad mixture of The Godfather and an accounting...

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