The Next Accounting Controversy - Accounting - CFO.com

The Next Accounting Controversy - Accounting - CFO.com

The Next Accounting Controversy
Standard-setters have moved on from fixing fair-value rules and have set their sights on off-balance-sheet accounting and loan-loss provisioning.
Marie Leone - CFO.com US
April 30, 2009

Excerpts:

Revisions to how companies account for off-balance-sheet items and loan-loss provisions will knock fair-value accounting off the front page with respect to financial reporting, according to James Kroeker, acting chief accountant at Securities and Exchange Commission.


Further, new guidance on these topics set to be released by the Financial Accounting Standards Board and the International Accounting Standards Board will "change the financial-reporting landscape," he told the audience during an industry conference today.

Read full article: http://www.cfo.com/article.cfm/13599162

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.