Metaphorically speaking, the Financial Accounting Standards Board is asking corporations a relatively straightforward question right now: Would you rather receive several kicks to the shin over time, or one hard whack to the head and be done with it?
That is the central dilemma behind FASB’s latest paper asking for comment from public registrants on its rulemaking process. While the board had often solicited feedback on specific proposals, this time its questions focus more on the big picture. Essentially, the board wants to know whether it should pile all its looming new accounting standards onto Corporate America at once, or ...