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Author Herz, Robert H., author

Title More accounting changes : financial reporting through the age of crisis and globalization / by Robert H. Herz, Columbia Business School, New York, NY, USA
Edition First edition
Published Bingley, UK : Emerald Group Publishing Limited, 2016
Online access available from:
EBSCO eBook Academic Collection    View Resource Record  
Emerald eBooks    View Resource Record  


Description 1 online resource (xxv, 439 pages) : illustrations
Contents Front Cover; More Accounting Changes; Copyright Page; Contents; Foreword; More Accounting Changes: Financial Reporting through the Age of Crisis and Globalization; Preface; Acknowledgments; 1 My First 49 Years; Jersey Boy; Don't Cry for Me Argentina; Rule Britannia; The Early Accountant; Hello Miami, Goodbye Miami (and PW), and Hello Boston (and Coopers & Lybrand); Return of the Prodigal Son; The Roaring '80s and Bad Bob; Poacher Turned Gamekeeper; Professional Affairs; A Merger of Equals and "The Dream Team"; Could You See It Coming?
Addressing the Accounting Issues in the Face of Pressure Politics4 International Convergence; The Urge to Converge and Wherefore IFRS?; What Does the Law Require?; Views of Standard Setters on International Convergence; The Norwalk Agreement; Short-Term Convergence Projects; Undertaking Major Joint Projects; The 2005 SEC Staff "Roadmap" and the 2006 FASB-IASB MoU; Conceptual Framework; The SEC Eliminates the Reconciliation Requirement and Explores Potential Adoption of IFRSs in the United States; Improve and Adopt IFRS
Conclusion5 The Financial Crisis; Accounting Did Not Cause the Financial Crisis, and Accounting Will Not End It; Were There Warning Signs?; The Addiction to Off-Balance Sheet Accounting; Off-Balance Accounting 101; Did They Qualify?; SIVs, Conduits, and Other VIEs; The Lehman Repo 105 and 108 Transactions; Fair Value, Mark-to-Market Accounting, and Impairment of Financial Assets; Some History; Then Came the Crisis; The Year 2008 Draws to a Close; Into 2009 -- Congress Weighs In; Our Response; The World Goes On, But It's Not the Same; Some Lessons Learned
Efforts to Improve and Expand Corporate Reporting -- The Jenkins Committee, ValueReporting, and the FASB Business Reporting Research ProjectInternational Bob; Unforgettable Events and a Fork in the Road; Some Basics about the FASB; 2 Charting Course; Improving Standard Setting; Can We Make Things Simpler?; Rationalizing the Structure of U.S. Accounting Standard Setting; The Accounting Standards Codification; Improving the Understandability of Standards; International Convergence; Setting Course; 3 Stock Option Controversies -- Take Two; What's the Problem?
Measuring Financial Instruments -- Amortized Cost versus Fair Value
The SEC Proposes a New "Roadmap" to IFRSs Adoption, and the FASB and IASB Update the MoUMixed Responses to the SEC "Roadmap"; Some Begin to Question America's Commitment to Global Accounting Standards; The G20 Leaders Push for Rapid International Convergence of Accounting Standards; The FASB and the IASB Respond to the G20 Call by More Than Redoubling the Convergence Effort; A Necessary Change in Plans; Waning of the Urge to Converge; In the Meantime, Back at the SEC; As the World Turns; So, Bob, What Do You Really Think about Convergence and IFRSs?; Nobody Said This Would Be Easy; Now Where?
Summary This volume, More Accounting Changes, is a revised and updated edition of Herz's earlier work, reflecting: developments in financial reporting; global developments regarding the use of International Financial Reporting Standards; current efforts at disclosure modernization and simplification by the SEC and FASB; and more developments in the field
Bibliography Includes bibliographical references and index
Notes Online resource; title from PDF title page (EBSCO, viewed September 22, 2016)
Subject Accounting -- Standards -- History.
Genre/Form History.
Form Electronic book
ISBN 1786356295 (electronic bk.)
9781786356291 (electronic bk.)