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Home > Blogs > Category > Accounting

QFINANCE Blog Category: Accounting

  1. Finance Blogger: Anthony Harrington

    XBRL adds universal access to corporate reporting

    One of the annoying things about printed documents in this electronic age is that you have to do quite a lot of work to turn them back into machine useable form. This is particularly true of complex documents like a company’s report and accounts. Analysts and users of accounting information would love to get these reports in a form which makes it really easy for them to strip out the numbers that they want to examine and have these numbers dumped straight into…

  2. Finance Blogger: Ian Fraser

    Turner turns fire on bean counters

    Lord Turner, chairman of the UK's top financial regulator, angered people in the City of London when he told them last August that much of what they do is “socially useless” and that governments had been wrong to allow the financial sector to pursue untrammeled growth for so long. In a recent speech to the Institute of Chartered Accountants of England & Wales (ICAEW) he went one step further and attacked the bean counters—and specifically standard setters such as…

  3. Finance Blogger: Anthony Harrington

    MBOs—Down but not out

    While the MBO figures in the UK for the fourth quarter of 2009 have still to emerge, what is beyond dispute is that the overall value of UK buyouts for the first nine months of 2009 has tanked by comparison with the same period in 2008. According to figures from the Centre for Management Buy-Out Research (CMBOR) at Nottingham University, the numbers are down by more than three quarters (77%), at just £4.3 billion, by comparison with £18.3 billion…

  4. Finance Blogger: Anthony Harrington

    FASB chairman hits out at critics

    Speaking at the AICPA National Conference on December 8, Robert Herz, Chairman of the Financial Accounting Standards Board, decided to focus on what he called “a number of very important public policy matters relating to financial reporting and accounting standard setting.” His key focus was to drive home the point to as wide an audience beyond the AICPA membership as possible, that setting accounting standards is one thing, determining appropriate levels of…

  5. Finance Blogger: Anthony Harrington

    IASB grapples with “weapons of mass destruction”

    On November 12th the International Accounting Standards Board (IASB) issued its latest International Financial Reporting Standard (IFRS), IFRS 9 on Financial Instruments. This standard is the first part of a three-phase project designed to replace the now-outdated IAS 30 Financial Instruments: Recognition and Measurement. Why is this significant? Well, …

  6. Finance Blogger: Anthony Harrington

    Joining hands across the water

    In early November, the world’s two major accounting standards setting bodies, the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB), publicly renewed their vows in the form of a 23-page joint statement committing both bodies to work towards the Holy Grail of accounting standards convergence. If one asks what has prompted this public reaching out of hands across the water…

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