Accounting Jokes

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Tuesday, March 1, 2016

SEC Comment Letter from Hell -- Segments

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Always thought this was one of the worst comments to receive from the SEC, questioning segment reporting. This was a comment by the SEC to V...
9 comments:
Friday, April 4, 2014

Your Next Activist Shareholder May Not Want More Money

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Shareholders are driving changes in corporate policies and disclosures unthinkable a decade ago, on issues ranging from protecting rain fore...
8 comments:
Thursday, April 3, 2014

FASB, IASB Can't Agree on Financial Instruments Accounting

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YOU MIGHT have long suspected it, but now it's official: the IASB and the US Financial Accounting Standards Board have failed to develop...
9 comments:
Thursday, March 27, 2014

Experts Say Use Non-GAAP Measures Carefully

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Normalized adjusted EBITDA less capex. Adjusted consolidated segment operating income. Adjusted EBITDA (as adjusted). Even enthusiasts of no...
1 comment:
Tuesday, March 25, 2014

Is the Smartest MD&A the One With the Most Jargon?

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“Plain English Works” in MD&A Statements Those who prepare MDAs don’t have to prove how smart they are by using financial jargon, sugg...
Thursday, March 20, 2014

FASB vs IASB: Split on Lease Accounting

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The US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) failed to reach a consensus for n...
Wednesday, March 19, 2014

IFRS To Run Out of Money?

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The International Financial Reporting Standards (IFRS) Foundation’s role in governing global accounting rules is under threat after Europea...
2 comments: