-
Archives
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
-
Meta
Category Archives: Financial literacy
The pending murky misery of investors…
by John Hughes In a series of posts over a year ago (starting here), I went through some of esteemed commentator Al Rosen’s attacks on IFRS, finding them all misleading at best and outright wrong at worst. I said at the time, … Continue reading
Posted in Financial literacy, IFRS
Leave a comment
My new IFRS literacy book is now on sale!
by John Hughes I hope it won’t seem too self-absorbed if I use this post to point to my new book IFRS Literacy: Understanding the New Financial Statements, available here from CCH. The book attempts to help readers understand the … Continue reading
Posted in Financial literacy, IFRS
2 Comments
The SEC’s IFRS deliberations – wake me when it’s over…
by John Hughes At the time of writing, one of the biggest Canadian news stories involves the federal government’s decision to discontinue the mandatory long-form component of the national census, replacing it with a voluntary survey. Of the groups who’ve … Continue reading
Posted in Financial literacy, IFRS, Investor education, United States
Leave a comment
Basically competent!
by John Hughes I recently came across this: “To ensure that CPAs have a basic competence in (IFRSs), the AICPA Board of Examiners has decided to test them in three of the four sections of the exam beginning in 2011. … Continue reading
Posted in Financial literacy, IFRS, United States
Leave a comment
Talking to investors
by John Hughes The IASC Foundation and IASB have launched a program to enhance investors’ participation in the development of IFRS. This builds on earlier steps in the same direction, including putting two more analysts on the IASB. The news … Continue reading
Posted in Financial literacy, IFRS, Investor education
Leave a comment
Knocking our socks off? – the unappreciated possibilities of IFRS disclosures
by John Hughes Tom Selling, in his consistently intriguing and educational Accounting Onion blog, recently published some thoughts about the FASB and IASB’s “preliminary views” exposure draft on their joint financial statement presentation project, and in particular on the FASB … Continue reading
Audit committees: more thoughts on the IFRS challenge
by John Hughes My recent post on possibilities for income statement presentation causes me to think again about the challenge for audit committees in attaining a financial literacy standard under IFRS. It’s not just the task of absorbing all the … Continue reading
Posted in Audit Committees, Financial literacy, IFRS
Leave a comment
The SEC’s silence speaks louder than words
by John Hughes SEC Chair Mary Schapiro went before the Financial Crisis Inquiry Commission on January 14 to testify about the state of the financial crisis. As reproduced on the SEC’s website, her testimony took up close to 12,800 words, … Continue reading
IFRS: the New Year State of our Union
by John Hughes So now that we’ve passed the transition date for calendar-year companies, where are we collectively on the transition to IFRS? I can only comment from my own limited experience and what I’ve heard anecdotally, but to a … Continue reading
IFRS impairment disclosures and possibilities for summarized financial information
by John Hughes It’s a common complaint that financial statements get longer and longer, so that even sophisticated users don’t really engage with them in any sort of depth. Disclosure overload and financial illiteracy are real problems I believe, and … Continue reading
Posted in Financial literacy, IFRS, Impairment
Leave a comment