First, the actual dollar amount of the cumulative effect of adopting one of the most publicized and controversial Standards promulgated came as a surprise. For the firms in our sample, footnote disclosures of anticipated non-material effects of adopting the new rules for hedge accounting belie the...
In December 1986 the Financial Accounting Standards Board issued SFAS 91, establishing new rules by which lenders will account for nonrefundable fees. The Statement applies to all types of lenders and loans, including lessors involved in direct financin...
Our sample begins in 1991, after the first BASEL accords, to better ensure consistent capital measurement rules with respect to securities’ gains and losses and to benchmark our findings with prior literature (Beatty and Harris 1999).Footnote 17 This period allows us to confirm the findings of...
was based on Statement of Financial Accounting Standards No. 87 (SFAS 87): Employers' Accounting for Pensions (FASB, 1985), which provided a major shift from prior DB plan accounting rules by requiring actuarial estimation of pension liabilities (Projected Benefit Obligation or PBO) and fair ...
133, Accounting for Derivative Instruments and Hedging Activities, and the voluminous accounting rules and implementation guidance that complex standard has spawned. SFAS No. 159. 2 This literature also describes how beginning in April 2007 the U.S. Securities and Exchange Commission (“SEC”)...
rules-based accounting standardsprinciples-based accounting standardsinformation environmentSFAS 95 Statement of Cash FlowsWe provide evidence on the "principles vs. rules" standards debate by examining how changes in cash flow reporting methods required by SFAS 95 Statement of Cash...
Focuses on the pension disclosure requirements under the Statement of Financial Accounting Standards (SFAS) Number 132 revised form. Comparison of requirements for the disclosure of pension information under SFAS Numbers 36, 87, 132 and revised 132; Reason behind the increase in pension information ...
As a result of the SEC's initiative, in 1979 the FASB issued Statement of Financial Accounting Standards [SFAS] No. 34, Capitalization of Interest Cost, which mandated uniform interest capitalization rules in accounting for interest costs associated with the acquisition of qualifying non-current ...
Late in 2007, the Financial Accounting Standards Board (FASB) issued Statement of Financial...The M&A Impact of SFAS no.141R: The Valuation of Intangible Assets Will Become Increasingly Important under the New Accounting RulesBy SmithAndrew C...
Accounting (StandardsAccounting (EvaluationAccounting (Laws, regulations and rulesAccounting (Interpretation and constructionSFAS No. 106 dramatically changed the way firms account for other postemployment benefits (OPEBs). Firms must now record OPEB expenses on an accrual basis, which typically results ...