Archive | 2017 Reports

2017 Reports

Volume 26, No. 11

Accounting Standards Update 2017-12, “Targeted Improvements to Accounting for Hedging Activities,” was issued in late August and will be effective beginning in fiscal years beginning after December 15, 2018 for publicly-traded firms. Expect that firms will want to adopt the

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Volume 26, No. 10

Accounting Standards Update 2014-09,“Revenue from Contracts with Customers (Topic 606),” will go live in just a little more than three months. Publicly-traded firms have had years to prepare for it, and years to discuss its effects with owners of the

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Volume 26, No. 9

The proxy season has come and gone, along with shareholder “say on pays” and votes on executive compensation package amendments - which are usually requests for investors to cede more of their ownership to the top five executives and other

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Volume 26, No. 8

In the “PC era” (that’s PC as in “pre-convergence”) the accounting standards for financial instruments were quite similar for both U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). Once convergence efforts began in earnest in 2007,

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Volume 26, No. 7

S&P 500: Expected Effects Of FASB’s New Revenue Recognition Standard:  Simply stated, the first batch of “Star Wars” movies were a world-wide cultural phenomenon. Fans waited eagerly for each new installment between 1977 and 1983. After the last piece of

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Volume 26, No. 6

S&P 500’s Untaxed Foreign Earnings Kept Growing Last Year: It seemed like such a done deal: a new president who had vowed to replace the tax code with something simpler, and hinted at holidays on taxation of overseas earnings that

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Volume 26, No. 5

A New Recipe For Pension & Other Postretirement Benefits Reporting:  In mid-2015, FASB added a project intended to improve the convoluted presentation of net periodic pension cost and net periodic postretirement benefit cost. In less than three years - a

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Volume 26, No. 4

Over-explained Earnings: Current Non-GAAP Earnings Trends in the S&P 500:   Investors have long concocted earnings adjustments because they want earnings from one company to be more comparable to those of another, or to make a company’s current earnings comparable to

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