Accounting & Financial Analysis News by GLG Council Members
-
Nitish GroverPrincipal, OwnerNitish Grover and Associates
Goodwill Impairment - Accounting in a Business Downturn
March 12, 2010
Goodwill Impairment: Open to Interpretation, Again | www.cfo.com
In a time of economic upheaval and business downturn, intangible assets lose value and artificially inflated value is put to a real test. Conversely, in a boom period goodwill can be easily created in the books. Just think of the Dot Com era when share values just kept going up. In this analysis I look at some of the problems effecting goodwill valuation.
-
US NEWS: Is 2010 the Year of Avoiding Taxes?
March 10, 2010
US NEWS: Is 2010 the Year of Avoiding Taxes? | www.usnews.com
Although it is not certain that tax rates will go up, many wealthy Americans are looking at 2010 as the end of the party. "Everybody thinks taxes are going up and tax breaks are being eliminated...and they're planning for it," says Lance Wallach, a New York author, lecturer, and financial consultant who advises high net-worth clients, including entertainers and athletes. His phone is ringing off the hook ...about how they can take advantage of this year's rates relative to 2011's.
-
Nitish GroverPrincipal, OwnerNitish Grover and Associates
Regulatory fumbles in the area of Finance - Systemic and Unsystemic Risk
February 15, 2010
US Senators oppose 'systemic risk' curbs | www.ft.com
The measurement of risk is a subject of intense debate in financial academia and literature. The subject has also befuddled financial gurus ever since I can remember. The politicians attempt to set up a body to oversee and measure financial risk for individual securities is in my opinion doomed as it only attempts to do a job which rating agencies can do better. In this analysis I look at why rating agencies need to be regulated rather than direct measurement of systemic risk by a regulator.
-
Is the top marginal tax rate too high? Point of Italian view
February 14, 2010
Bear Market Is Firmly Intact | seekingalpha.com
Top marginal tax rate of individual is too high and there are good points to say a decrease of top marginal rate should be done. Here below there are my comments.
-
Tax perception and financial crisis
February 13, 2010
Bear Market Is Firmly Intact | seekingalpha.com
Taxes, whatever they may representing, are commonly perceived as necessarily when they are fairly collected and respond to the country needs.
-
February 11, 2010
EU-top schaart zich achter Griekenland | www.deredactie.be
During the first European Summit under the new European President Herman Van Rompuy most of the attention was devoted to the financial problems of Greece. The 23 Member States gave their support to Athens.
-
Nitish GroverPrincipal, OwnerNitish Grover and Associates
Banking Regulation and Accounting - Effects on Accounting Estimates
February 8, 2010
Bankers, Government Officials Discuss Regulation in Davos | online.wsj.com
Bankers are getting the brunt of the blame for economic ills of the global economy. This is after the accountants were first given the blame for accounting rules which showed that there were losses when bankers and economists claimed otherwise. In this analysis I look at how this is going to effect accounting estimates especially in the backdrop of convergence of accounting standards.
-
Nitish GroverPrincipal, OwnerNitish Grover and Associates
Convergence IFRS-US GAAP - Is it too much debate for a futile cause?
January 16, 2010
Convergence vs. Conversion | www.cfo.com
2011 is just a year away and we are expected to see a uniform set of global accounting standards. The pros, cons, hows and whys are being endlessly debated. Amid all this I sometimes wonder "Is it too much hoo ha over nothing?". In this analysis I look at some aspects of this very interesting and thought provoking debate.
-
better package may only translate into higher tax liability not fatter salary
January 5, 2010
Mumuksha Singh of Paraskuhad & Associates on Taxanomy | mumukshasinghadocatesparaskuhadandassociates.com
Where’s all my salary gone?You have accepted a new job that has offered you a higher annual salary. You are looking forward to that extra cash but much to your surprise, at the end of the first Month you see that your monthly take home salary has actually gone down byCouple of thousands. The reason behind this quirk of fate is much higher taxLiability than what u had anticipated
-
Nitish GroverPrincipal, OwnerNitish Grover and Associates
Lease Accounting and the FASB-IASB Convergence Project
January 4, 2010
Balance Sheet Blues | www.cfo.com
A new thinking on accounting for leases appears to be emerging. Don't think of operating and financial leases. Instead think of right to use. Record the right to use as an asset and the future payments as a liability. In this analysis I draw attention to some of the possible ramifications of the same on financial statement presentation and the leveraging effect.
- Subscribe to Updates
-
Most Popular Accounting & Financial Analysis News
-
Banking Regulation and Accounting - Effects on Accounting Estimates
February 8, 2010
-
Convergence IFRS-US GAAP - Is it too much debate for a futile cause?
January 16, 2010
-
better package may only translate into higher tax liability not fatter salary
January 5, 2010
-
Lease Accounting and the FASB-IASB Convergence Project
January 4, 2010
-
Comverse refocuses on Billing and Value Added Services
December 27, 2009
Beijing | Dublin | London | Hong Kong | New Delhi | Paris | São Paulo | Shanghai | Singapore | Sydney | Tokyo | Zurich