Archive for September, 2008
International Fleecing of Responsible Standards
Posted in Accounting, Cartoons, IFRS, Regulation, tagged Accounting, Accounting regulation, GAAP, IFRS, Regulation, SEC on September 29, 2008 | Leave a Comment »
Keep All Eyes on the Bouncing Ball of IFRS
Posted in Accounting, IFRS, Regulation, tagged Accounting, Accounting regulation, GAAP, IFRS, Road map, Road map to IFRS, SEC on September 29, 2008 | Leave a Comment »
Oh sure, the sub-prime crisis and the federal bank bailout are all important, but let’s all keep our eyes on what is really, really important–the push to switch the U.S. from GAAP to IFRS. I am somewhat frustrated that it is taking the SEC so long to get the proposed road map published. Despite labeling [...]
Even More on the IFRS Road Map Delay
Posted in Accounting, IFRS, Regulation, tagged Accounting, Accounting regulation, GAAP, IFRS, Road map, Road map to IFRS, SEC, Securities and Exchange Commission on September 26, 2008 | 1 Comment »
I got off the phone with Kevin Callahan of the SEC press office at 6 p.m. ET on Friday. He seems very sincere. After communicating a couple of times via e-mail, I have no doubt about his belief in the things he said. He said that there is no science as to how long it [...]
More On the IFRS Road Map Delay.
Posted in Accounting, IFRS, Regulation, tagged Accounting, Accounting regulation, GAAP, IFRS, Road map to IFRS on September 26, 2008 | Leave a Comment »
11:45 a.m. I just talked with Liza McAndrew Moberg, Professional Accounting Fellow, Office of Chief Accountant , Securities and Exchange Commission, Washington, D.C., the person apparently designated to respond to my inquiry for more information. She said that she had no knowledge when the details (about the SEC road map to IFRS) would be released. [...]
Why IFRS Won’t Work in the United States.
Posted in Accounting, IFRS, Regulation, tagged Accounting, Accounting regulation, Financial system infrastructure, GAAP, IFRS, Regulation, Road map to IFRS, Securities markets on September 26, 2008 | Leave a Comment »
The subject of today’s essay is to debate the notion that the time is right to kill off United States Generally Accepted Accounting Principles (GAAP). As we all are aware now, the Securities and Exchange Commission (SEC) announced on August 27, 2008, a road map for the transition from GAAP to International Financial Reporting Standards [...]
Accounting Ads, part 1
Posted in Cartoons, Humor and cartoons, tagged Accounting, Accounting cartoons, Accounting humor, Cartoons, Humor, Humor and cartoons on September 26, 2008 | Leave a Comment »
Another long week. These images are for those needing a smile. I’m using royalty free images from Broderbund and my own warped sense of humor. My renditions are not in the public domain. Over and out – – David Albrecht
Cold feet, Mr. Cox?
Posted in Accounting, IFRS, Regulation, tagged Accounting, Accounting regulation, Christopher Cox, GAAP, IFRS, Road map to IFRS on September 25, 2008 | 2 Comments »
Professor Lawrence A. Cunningham, of George Washiington University Law School, last night suggested in “Where’s the SEC?” that there is something substantial to be read into the SEC failing to open up the 60 day comment period on its proposed road map to IFRS. Mr. Cunningham suggests that SEC chairman Christopher Cox has cold feet! [...]
No post today.
Posted in Accounting on September 24, 2008 | Leave a Comment »
There is no regular post today. I just didn’t get the article finished. It will get completed, possibly on Thursday but more likely on Friday. Well worth the wait, it is an important piece on why the U.S. should not switch to IFRS. Over and out – – David Albrecht
Rally ’round the Flag, We’re Going to War
Posted in Accounting, IFRS, Regulation, tagged Accounting, Christopher Cox, GAAP, IFRS, Resistance, Road map, SEC, War on September 22, 2008 | 1 Comment »
A little rebellion now and then…is a medicine necessary for the sound health of government. Thomas Jefferson (1743 – 1826), Letter to James Madison, 1787 The spirit of resistance to government is so valuable on certain occasions that I wish it to be always kept alive. Thomas Jefferson (1743 – 1826) Tim Reason, editorial director [...]
My Teaching Philosophy
Posted in Education, tagged Accounting education, Education, Learning, Professor, Teaching, Teaching philosophy on September 22, 2008 | 1 Comment »
One should be able to do what one knows Milt Hakel (Bowling Green State University) The preceding statement is elegant in its simplicity and brevity, and so profound as to be able to drive all aspects of higher education. In the 21st century, it is no longer appropriate for university classes to focus on knowledge [...]
Pulitzer for Accounting Fiction
Posted in Albrecht faves, Cartoons, Humor and cartoons, tagged Accounting, Accounting cartoons, Accounting fiction, Accounting humor, Cartoons, Creative accounting, Humor and cartoons, Pulitzer on September 19, 2008 | 3 Comments »
Friday. It’s been a long week. Maybe these pictures can produce a smile. I apologize for hitting accounting’s negative stereotypes. It’s just that the negatives are easier to make appear humorous. I’m using royalty free images from Broderbund and my own warped sense of humor. My renditions are not in the public domain. Next [...]
Does It Pass the Smell Test?
Posted in Accounting, IFRS, Regulation, tagged Accounting, Auditors, Big Four, Bob Jensen, Financial disclosure, Financial system, GAAP, IFRS, IFRS resistance, Jensen, Regulation, Robert Jensen, SEC, Securities and Exchange Commission, Smell test, Tom Selling on September 16, 2008 | 1 Comment »
The Securities and Exchange Commission (SEC), charged with the responsibility to regulate all aspects of the American financial markets, has recently announced a tentative road map for the transition from requiring companies to prepare their financial statements under American generally accepted accounting principles (GAAP) to requiring the use of international financial reporting standards (IFRS). Reactions [...]
-
-
-
-
Categories
-
Blog Stats
- 341,162 hits
-
Archives
- May 2012 (16)
- April 2012 (16)
- March 2012 (14)
- February 2012 (11)
- January 2012 (14)
- December 2011 (13)
- November 2011 (13)
- October 2011 (20)
- September 2011 (14)
- August 2011 (18)
- July 2011 (10)
- June 2011 (8)
- May 2011 (16)
- April 2011 (10)
- March 2011 (10)
- February 2011 (5)
- January 2011 (6)
- December 2010 (13)
- November 2010 (12)
- September 2010 (2)
- August 2010 (3)
- July 2010 (3)
- June 2010 (6)
- May 2010 (5)
- April 2010 (13)
- March 2010 (10)
- February 2010 (11)
- January 2010 (16)
- December 2009 (16)
- November 2009 (17)
- October 2009 (2)
- September 2009 (1)
- July 2009 (2)
- June 2009 (4)
- May 2009 (3)
- March 2009 (5)
- February 2009 (3)
- January 2009 (9)
- December 2008 (15)
- November 2008 (3)
- October 2008 (12)
- September 2008 (18)
-
Recent Posts
Log in
