Reforming Restructuring Accounting: There's a tonic known to pep up a sluggish stock in times of economic distress: restructuring. Or, as it's also known: re-engineering, streamlining, re-inventing the company. Whatever it's called, it's a gut-wrenching experience for management and labor alike - and it involves tough choices about plans to keep and plans to cast aside. Those decisions about plans often include assets, lines of business and unfortunately, people. There's plenty of judgment necessary in reflecting those decisions in the financial statements - judgment that sometimes takes liberty with less than rigorous accounting standards. The Financial Accounting Standards Board has put forth a proposed standard that would clear up much of the fuzziness in various areas related to restructuring actions.