FOUR STEPS TO USEFUL PRESENT VALUES - Present value measurement techniques generally are misunderstood by CPAs and suffer some material defects. The FASB should attempt to remedy the problems and avoid creating new ones.
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|Authors:||Miller, Paul B.W. ; Bahnson, Paul R.|
Journal of accountancy : publication of the American Institute of Certified Public Accountants. - Jersey City, NJ : Inst., ISSN 0021-8448, ZDB-ID 2193590. - Vol. 181.1996, 5, p. 91-99
Bahnson, Paul R., (1996)
It's Time to Get Rid of LIFO Conformity - Both LIFO and the conformity rule are seriously flawed. LIFO doesn't give a complete description of operating results, and the conformity rule forces managers to shortchange stockholders in either the financial statements or the tax return instead of serving them well in both. It's time to get Congress and the profession to focus on other methods.
Bahnson, Paul R., (2004)
FINANCIAL REPORTING - A New Day for Business Combinations - Combination accounting has long been controversial because of divergent views on how to provide useful information. FASB rolled out a major overhaul of GAAP related to mergers and acquisitions when it issued Statement no. 141(R), Business Combinations. A fundamental concept at the core of the standard is that the reporting entity is the ...
Miller, Paul B.W., (2008)
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