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65 Resources for

financial accounting standards board

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Understanding Financial Reporting: Financial reporting, done annually by private enterprises and quarterly by public companies, offers essential information about the financial health of an organization. Interested parties often use this information to support investing and financing decisions. Companies prepare their reports in an agreed format, including a balance sheet, income statement, cash flow...; Tags: Financial accounting, Financial statements, Financial Planning, BNET Editorial, financial reporting, financial statement, SEC, financial, financing, MD&A, accrual, Cash Flow Statement, income, annual reports, shareholder, income statement, agreement, GAAP, appraisal, invest; Articles 2007-09-28
Identifying Capital and Operating Leases: Payments for leased corporate assets must be accounted for in financial statements, to accurately reflectthe company's financial obligations. There are two accounting methods, one for each type of lease: “operating” or “capital.”The FASB (Financial Accounting Standards Board) has developed objective criteria to help managers identify the type of lease based...; Tags: Asset management, Operational accounting, Financial Planning, Financial accounting, BNET Editorial, lease, lessor, Financial Accounting Standards Board, asset, payment, interest rate, leasing, financial reporting, balance sheet, insurance, financial, accounting; Articles 2007-08-13
FASB Issues Statement No. 156 and Updated Implementation Guidance: The Financial Accounting Standards Board has issued Statement of Financial Accounting Standards No. 156, Accounting for Servicing of Financial Assets, which provides an approach to simplify efforts to obtain hedge-like (offset) accounting. This new Statement amends FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments...; Tags: Operational accounting, Financial services, Financial Accounting Standards Board, accounting, financial accounting, financial, asset; White papers 2006-03-29
FASB Response to SEC Study on Arrangements With Off-Balance Sheet Implications, Special Purpose Entities, and Transparency of Filings by Issuers: In June 2005, the staff of the United States Securities and Exchange Commission (the SEC) submitted to the President of the United States, the Committee on Banking, Housing, and Urban Affairs of the U.S. Senate, and the Committee of Financial Services of the U.S. House of Representatives its Report and...; Tags: Financial Planning, Financial accounting, Financial Accounting Standards Board, SEC, financial reporting, U.S., financial service, Sarbanes-Oxley Act, banking, financial; White papers 2006-02-16
Conduct Your Own SWOT Analysis: Tags: Strategy, Financial Accounting Standards Board, accounting, capital market, financial, financial accounting, financial reporting, financial statement, standards; Articles 2007-02-05

FASB Chips Away at Revenue Recognition: A survey of the Financial Accounting Standards Board's advisory group, the Financial Accounting Standards Advisory Council, identified revenue recognition as FASB's top issue for the fourth consecutive year. The United States has no general-accounting standard on revenue recognition. Practices have developed for certain industries and for certain transactions, but answers...; Tags: Operational accounting, CFO Publishing Corp., revenue recognition, Financial Accounting Standards Board, financial accounting, finance, industry, survey, chip, financial; White papers 2005-11-07
Options Take a Hit, But What Will Take Their Place? The 2005 Deloitte Stock Compensation Survey: The paper consist of a survey findings that addresses the future equity compensation practices and implementation issues as it relates to the adoption of the Financial Accounting Standards Board's (FASB) newly revised accounting standard for stock-based compensation, FAS 123(R).The survey drew responses from 343 public (69%) and private companies (31%)...; Tags: Marketing research, Financial accounting, Deloitte & Touche, Financial Accounting Standards Board, survey, compensation, accounting, stock, industry; White papers 2005-07-18
FASB Interprets Accounting for Conditional Asset Retirement Obligations: Under FASB Statement 143, a company must record a liability for its legal obligations stemming from the eventual retirement of its tangible long-lived assets, whether that obligation results from the acquisition, construction, or development of the asset. However, many companies have not recorded a liability, concluding that either the conditional...; Tags: Asset management, Financial accounting, Deloitte & Touche, Financial Accounting Standards Board, asset, accounting, acquisition; White papers 2005-04-04
The Effects of Accelerated Revenue Recognition on Earnings Management and Earnings Informativeness: The SEC issued Staff Accounting Bulletin (SAB) No. 101 to address its concern that firms were masking true performance by managing earnings using accelerated revenue recognition. Critics of this Accounting Bulletin stated that it would eliminate industry-accepted revenue recognition practices and reduce the quality of reported earnings. The FASB's revenue...; Tags: Operational accounting, Financial accounting, Gale Group, revenue recognition, earnings, accounting, performance, industry; White papers 2005-04-01
Economic & Business Focus: Get Ready to Expense Stock Options: In response to a decade-long push by the Financial Accounting Standards Board (FASB), more than 750 publicly traded companies now voluntarily expense stock options, and an upcoming FASB rule would require the laggards to join them. But a group of influential businesses, concentrated in high-tech industries, has convinced some members...; Tags: Stock options, Financial accounting, Investment, Benefits, Penton Media Inc., Financial Accounting Standards Board, stock option, U.S. Congress, stock, worker, job; White papers 2004-11-01
FASB Delays Stock-Option Rule: From the executive summary: ‘Bending to corporate and industry pressure, the Financial Accounting Standards Board (FASB) has decided to delay the implementation of the Statement 123R, its proposed standard that would require companies to expense the value of employee stock options in the income statement. After much debate, the board...; Tags: Financial accounting, Stock options, Operational accounting, Benefits, CFO Publishing Corp., Financial Accounting Standards Board, employee stock option, income statement, financial reporting, stock option, income, board, financial, industry; White papers 2004-10-14
Changing Fortunes: The 2004 Compensation Survey: From the executive summary: ‘The endgame in the decade-long debate over stock options is finally playing out. The Financial Accounting Standards Board has an expensing requirement ready to go, although it may delay implementation. The International Accounting Standards Board's standard on expensing goes into effect. And, while efforts to derail...; Tags: Stock options, Investment, Benefits, Financial accounting, CFO Publishing Corp., stock option, stock, compensation, finance; White papers 2004-10-01
FASB Scraps Options Tax Proposal: From the executive summary: ‘The Financial Accounting Standards Board (FASAB) has decided to step back from a proposed rule for how companies should account for the income tax effects of share-based compensation. In its place, FASB retained earlier guidance that allows for a simpler, portfolio-type accounting approach.’ The paper examines...; Tags: Financial accounting, Taxes, CFO Publishing Corp., Financial Accounting Standards Board, income tax, compensation, income, accounting, tax; White papers 2004-08-31
Mellon's FASB Statement 123 Update: FASB Releases Share-Based Payment Exposure Draft: On March 31, 2004, the Financial Accounting Standards Board (FASB) released its much anticipated exposure draft (ED) highlighting the proposed accounting rules for all "Share-Based Payment" compensation awards. The FASB intends to release its final standard in the fourth quarter of 2004, and require adoption for fiscal years beginning after...; Tags: Financial accounting, Mellon Financial Corp., Financial Accounting Standards Board, compensation, accounting, stock; White papers 2004-07-15
Who Said Retirement Is Easy?: FASB Proposes to Interpret Asset Retirement Accounting: On June 17, 2004, FASB issued for comment a Proposed Interpretation of FASB Statement No. 143, Accounting for Asset Retirement Obligations. FASB Statement No. 143 requires entities to record a liability for legal obligations stemming from the eventual retirement of a tangible long-lived asset. Essentially FASB believes that no tangible...; Tags: Financial accounting, Deloitte & Touche, Financial Accounting Standards Board, asset, accounting; White papers 2004-07-06
Incentive Plan Overhauls: In March, the Financial Accounting Standards Board (FASB) issued an exposure draft of a proposed rule change that would require companies to recognize stock option grants as a cost on their income statement, just like any other form of compensation. But the FASB's move confronts Chief Financial Officers (CFOs) with...; Tags: Stock options, Sales force management, Financial accounting, Investment, Benefits, Operational accounting, Penton Media Inc., Financial Accounting Standards Board, incentive, stock option, income statement, stock, equity, compensation, income, accounting; White papers 2004-07-01
Independent Standard-Setting Process for Establishing Accounting Standards for Private-Sector Entities: On March 31, 2004, the Financial Accounting Standards Board (FASB) issued an exposure document on a proposed Statement, Share-Based Payment, an Amendment of FASB Statements No. 123 and 95, which addresses the accounting for compensation to employees in the form of equity shares, including stock options. The paper recognizes that...; Tags: Stock options, Financial accounting, Investment, Operational accounting, Financial services, Benefits, Government Accountability Office, Financial Accounting Standards Board, stock option, accounting, stock, equity, compensation; White papers 2004-06-28
Employee Stock Options Under the New FASB Exposure Draft: The financial Accounting Standards Board (FASB) has issued its proposal that would require employers to measure a compensation expense based on the fair value of stock-based compensation awards at the grant date. To determine the "fair value" of an employee stock option, FASB now prefers a lattice-based model instead of...; Tags: Stock Options & Grants, Stock options, Benefits, Investment, Aon Consulting, employee stock option, financial accounting, compensation, stock, financial, stock option; White papers 2004-06-01
Setting Revenue Recognition Standards: Global accounting standard setters are moving closer to crafting one set of comprehensive guidelines for how and when companies should report revenue, and have set the end of this year as a target date for publishing a draft, according to Reuters. The proposals being discussed between the Financial Accounting Standards...; Tags: Operational accounting, Financial accounting, CFO Publishing Corp., Financial Accounting Standards Board, revenue recognition, accounting, Thomson Reuters Corp., revenue; White papers 2004-05-17
Forget Black-Scholes?: From the executive summary: ‘While opponents of expensing have forced Financial Accounting Standards Board (FASB) to back down in the past, their efforts appear less likely to succeed. The critics have at least one legitimate complaint about the rule: valuation. It is difficult to estimate the actual expense of employee...; Tags: Corporate governance, Financial accounting, CFO Publishing Corp., Financial Accounting Standards Board, board, valuation, financial; White papers 2004-05-01