Suzie's Sweater: The New Paradigm in Accounting - Revenue recognition is one of the most important problems that the FASB is wrestling with currently. Some observers say there are more than 200 separate approaches to revenue recognition in today's accounting literature. A simple purchase of a sweater illustrates the complexity of the problem
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Strategic finance : leadership strategies in accountants and financial professionals. - Montvale, NJ : Institute of Management Accountants, ISSN 0025-1690, ZDB-ID 14706659. - Vol. 87.2005, 2, p. 44-45
King, Alfred M., (2006)
Do You Know Where Your Financial Assets Are? Most fixed asset records are likely to be wrong, according to this valuation expert. Companies, however, must focus on this traditionally low-priority area because auditors -- Mindful of how asset values at Health South and WorldCom were deliberately overstated and in light of SOX requirements -- Certainly will.
King, Alfred M., (2005)
Go Figure - How do you determine the value of long-lived assets, usually property, plant, and equipment? The Financial Accounting Standards Board seems to prefer "quoted market prices," while valuation firms use value-in-use prices. The two methods have different impacts on income statements, and the FASB and the SEC are urged to specify one uniform method to clarify this issue for financial ...
King, Alfred M., (2004)
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