The nine lives of creative accounting
Article Abstract:
British corporate accounting critic Terry Smith believes the Accounting Standards Board reforms are improvements, but have flaws. Cash flow reporting rules, subsidiary abuse loopholes and the standard to replace 'extraordinary' costs were found inadequate.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Cleaning up on health care
Article Abstract:
Because of new standards enacted by the Financial Accounting Standards Board retirement benefit managers may not have to set aside obligations for health care costs. This could save billions even if the company's liability must be shown anyway.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Shining a light on company accounts
Article Abstract:
Standard-setters throughout the world are moving towards a 'fair value' system of accounting, where firms record liabilities and assets at current market value. Companies and banks are unhappy with the proposals.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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