Entries tagged "accounting rules"
The Federal Reserve Board said Friday it is reviewing regulatory capital requirements for banks to account for new accounting standards.
Robert Rubin, the former U.S. Treasury secretary and Citigroup Inc. adviser, criticized fair-value accounting in a discussion, saying that the method had "done a great deal of damage." ...
Private equity firms may be feeling a bit like Al Capone nowadays (without all that criminal activity of course), as it won't be rivals or law enforcement that ensnare them, but their own sharp-penciled accountants. Thanks to the magic of mark-to-market accounting rules, LBO shops are preparing to give their limited partners the bad news of just how much those portfolio companies they bought in the boom years are worth during a credit crisis and recession. ...
New merger accounting rules that took affect Monday will have far-reaching implications for how deals are analyzed and structured. In this edition of Inside The Deal, Stamos Nicholas of Deloitte Financial Advisory Services tells Suzanne Stevens that FAS 141R requires that transaction costs, including earnouts and in-process R&D, must be expensed up-front and be charged directly to earnings rather than capitalized over time. To be sure these costs are properly accounted for, Nicholas says acquirers need to get not only corporate development and legal teams involved early in the deal cycle, but also financial and tax experts. Failing to...
The controversial mark-to-market accounting rule looks like it is here to stay. Even as the economy slides and there is an effort afoot to lay part of the blame for the financial meltdown on, of all things, an accounting standard, the Securities and Exchange Commission is unlikely to suspend the rule, The Wall Street Journal reported Monday. ...
