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- Reval's Jiro Okochi Presents on FAS 157, FASB's Fair Value Measurement at this Year's Annual Association of Finance Professional's Conference in Los Angeles
- Reval speaks out on the contentious topic of FAS 157, the Financial Accounting Standard Board's pronouncement on Fair Value Measurement LOS ANGELES -- AFP Annual Conference - Reval, a global leader in financial risk management and hedge accounting solutions and services delivered under the Software-as-a-Service SaaS model, presented yesterday...
- Research articles 2008-10-21
- IASB and FASB Launch Consultation on Proposed Enhancements to the Presentation of Financial Statements
- NORWALK, Conn. -- The International Accounting Standards Board IASB and the US Financial Accounting Standards Board FASB today published for public comment a Discussion Paper on financial statement presentation. The Discussion Paper contains an analysis of the current issues in financial statement presentation and presents the Boards' initial thinking on...
- Research articles 2008-10-16
- FASB Issues Exposure Drafts on Going Concern and Subsequent Events
- NORWALK, Conn. -- The Financial Accounting Standards Board FASB today issued two separate but related Exposure Drafts EDs for public comment. The documents contain two proposed FASB Statements, Going Concern and Subsequent Events, intended to improve financial reporting by incorporating accounting guidance that originated as auditing standards into the body...
- Research articles 2008-10-09
- Financial Accounting Foundation Appoints Marc A. Siegel to the Financial Accounting Standards Board
- NORWALK, Conn. -- Robert Denham, chairman of the Financial Accounting Foundation FAF, today announced that the FAF Board of Trustees has appointed Marc A. Siegel to the Financial Accounting Standards Board FASB. Prior to his appointment, Mr. Siegel led the Accounting Research and Analysis team at the RiskMetrics Group in...
- Research articles 2008-09-26
- Why historical cost accounting makes sense
- As the Financial Accounting Standards Board FASB continues to march toward fair value accounting and away from historical cost accounting, it's a good time to consider the flaws of fair value accounting. Enron's demise, after all, has been partially blamed on fair value accounting. In addition, it has been suggested...
- Research articles 2008-08-01
- FRC and SBC are working hard
- One of the most rewarding experiences in my role with IMA's professional advocacy efforts is my interaction with members who serve on the Financial Reporting and Small Business Financial and Regulatory Affairs Committees FRC and SBC. Beginning with this article, I plan to provide regular updates about the activities of...
- Research articles 2008-08-01
- Fair value accounting: are you ready?
- The Financial Accounting Standards Board FASB has long believed that fair value accounting is the most relevant basis of accounting and has had a long-stated goal of having it as the primary method of accounting. Over the past 15 years, the FASB has taken baby steps to get companies and...
- Research articles 2008-08-01
- IMA's Small Business Financial and Regulatory Affairs Committee
- Greetings from the world of Professional Advocacy! I can't believe it has been two years since I became IMA's director of professional advocacy. Since my start on May 1, 2006, I have seen my role evolve in many ways, and I have witnessed IMA achieve several milestones. A major milestone...
- Research articles 2008-05-01
- Comment: Reducing Complexity in Reporting Financial Instruments
- FASB is Seeking comments on Reducing Complexity in Reporting Financial Instruments to simplify measurement requirements for financial instruments while providing clearer and more complete information to users. The draft describes how current measurement requirements cause complexity, discusses ways it might be reduced in the intermediate term and suggests how...
- Research articles 2008-05-01
- Committee on Corporate Reporting.(FEI TECHNICAL COMMITTEES)(International Financial Reporting Standards )(Brief article)
- Committee on Corporate Reporting CCR; Staff Liaison: Christine DiFabio CCR's quarterly meeting, March 5-7, at the Ritz Carlton in Dana Point/Laguna Niguel, Calif., included updates from FASB Member George Batavick and IASB Member Mary Barth, a lengthy session on International Financial Reporting Standards...
- Research articles 2008-04-01
- inbox: letters to the editor
- Disability Insurance Planning: Don't Expect Claims Process to Be Easy The article "Disability Insurance Planning for Professionals" by Lawrence B. Keller and Harry Wigler (December 2007) was very informative. Let me add some reallife experience to the discussion. The authors hint at the leverage that the insurance companies have in...
- Research articles 2008-03-01
- now available
- The Adviser 's Guide to Health Savings Accounts - New Edition (No. 091026CPA03). Keep up with the latest on Health Savings Accounts, including administration and compliance, rules for distributions, rollovers and transfers, eligibility, taxation, IRS and DOL reporting. This guide provides an excellent description of federal-government-issued guidance on HSAs and...
- Research articles 2008-03-01
- FASB and IASB convergence: impacts on the industry
- In February 2006, the Financial Accounting Standards Board FASB and the International Accounting Standards Board IASB released a memorandum of understanding renewing their commitment to the convergence of U.S. and international accounting standards and identifying current convergence projects. The convergence efforts between the Boards have the potential to significantly...
- Research articles 2008-02-27
- The Financial Accounting Foundation Board of Trustees Approves Changes to Oversight, Structure and Operations of FAF, FASB and GASB
- Changes are designed to protect and maintain the efficiency, effectiveness and independence of the standards-setting process NORWALK, Conn. -- The Board of Trustees of the Financial Accounting Foundation FAF today announced that, following a public due process period in which 59 comments were received from accounting and financial organizations...
- Research articles 2008-02-26
- EFFECT OF CHANGES IN ACCOUNTING FOR DEFINED BENEFIT PENSIONS AND OTHER POSTRETIREMENT BENEFIT PLANS ON COMPANIES' FINANCIAL STATEMENTS AND STAKEHOLDERS, THE
- CASE DESCRIPTION The primary subject matter of this case concerns changes in accounting for defined benefit pensions and other postretirement benefit plans proposed and promulgated by the Financial Accounting Standards Board FASB and their effects on the financial statements of companies that currently sponsor these plans. Secondary, yet important issues...
- Research articles 2008-02-01
- PROFESSIONAL ROUNDUP
- Recent Developments in the Accounting Profession Proposed Changes to IFRS As part of its effort to streamline its standard-setting process, the International Accounting Standards Board IASB has published an exposure draft of amendments to 25 of its International Financial Reporting Standards. The changes vary from the major - such as...
- Research articles 2008-01-01
- Driving change: a voice for private companies.(Private Company Financial Reporting Committee chair Judith O'Dell)(Interview)
- [ILLUSTRATION OMITTED] Judith O'Dell is the chair of the Private Company Financial Reporting Committee, which advises FASB and advocates for private companies on matters of existing and prospective accounting standards. The permanent committee--created by the AICPA and FASB in late 2006--gained traction on...
- Research articles 2008-01-01
- FEI CEO's 2008 Top Challenges for financial executives.(financial reporting)
- As financial executives of both public and private companies absorb the events and happenings of 2007 and look ahead at what's in store for them in 2008, FEI CEO and President Michael P. Cangemi has compiled the following list of the Top Challenges for 2008--in no particular...
- Research articles 2008-01-01
- EFFECT OF CHANGES IN ACCOUNTING FOR DEFINED BENEFIT PENSIONS AND OTHER POSTRETIREMENT BENEFIT PLANS ON COMPANIES' FINANCIAL STATEMENTS AND STAKEHOLDERS, THE
- CASE DESCRIPTION The primary subject matter of this case concerns changes in accounting for defined benefit pensions and other postretirement benefit plans proposed and promulgated by the Financial Accounting Standards Board FASB and their effects on the financial statements of companies that currently sponsor these plans. Secondary, yet important issues...
- Research articles 2008-01-01
- How does the US equity market react to domestic and international stock-based compensation accounting changes?
- ABSTRACT This study examines US equity market performance surrounding the announced changes in rules that account for employees' stock-based compensation plans in a corporation. We found the stock market in general reacted negatively to the issuance of SFAS 123 and its preceding exposure draft, but the observed abnormal returns...
- Research articles 2008-01-01
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