All GLG News Analyses Filed Under: Accounting Issues

Nitish GroverPrincipal, OwnerNitish Grover and Associates

The Fair Value Debate - The Political Imperative - A Exercise in Futility?

November 19, 2009

Analysis of:Accounting Rules:Divided and Overruled | www.economist.com

Fair value has been in the news for sometime. Also banks are now complaining and so are regulators and politicians. The convergence issue and the impact of a far off standard setter not subject to local influence is having its effects on the debate. In this analysis I look at why fair value should not be influenced by those not well conversant with the subject. While I agree that accountants alone should not influence the debate yet the undue influence of politicians should be avoided.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Accounting and The Gold Price - Fair Value - Valuation Problems to be Expected

November 4, 2009

Analysis of:Gold Price Tops $1090 for First Time | economictimes.indiatimes.com

As the price of gold rises on a week on week basis  one can expect to see ramifications in the accounting arena. There are a number of  investment products sold in the market which are linked to the price of  gold and its physical holding. In this analysis I look at the nature of  problems to be expected  - especially in relation to fair value disclosures.

Should the government intervene in corporate executive compensation?

October 30, 2009

Analysis by: GLG Expert Contributor

Analysis of:Obama Taking Hands-Off Stance on Citi, AIG Pay | www.bloomberg.com

Obama’s administration should not have to micro-manage the financial institution, such as AIG, Citi, which received tarp money. However, the administration is correct in letting Kenneth Feinberg, U.S. Treasury Department, handle this issue concerning misappropriation of funds. The government should have given tarp money with strict restrictions on use of funds: (i) increase cash reserves level, (ii) reduce debt, and (iii) spend on capital investments.

Creative Landlord's Keep Existing Tenants and Try to Fill Vacancies

October 28, 2009

Analysis by: GLG Expert Contributor

Analysis of:Landlords Sweeten Pot for Renters | online.wsj.com

Renegotiating existing leases and renewals may improve some tenant's 2010 budgets. Tenants are the beneficiaries as landlords struggle to keep occupancy status quo and work toward attracting new tenants. Area absorption rates are for the most part negative as businesses downsize and tenants move only if it is economically beneficial. The following analysis summarizes the trends in the Midwest, specifically the greater St. Louis area.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Business Cycles, Legislation and Accounting - Where will it Lead?

September 15, 2009

Analysis of:For Obama, a Chance to Reform the Street is Fading | www.nytimes.com

The current recession is part of a business cycle. The reasons for the recession are several but then a trough after a long period of prosperity is to be expected. President Obama puts the blame on investment bankers and executives. There is also talk of legislation to limit further repeats. I wonder how this will impact accounting and in turn the figures on which financial decisions are made. In this analysis i present some of my thoughts on the subject..

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Global Debt Situation - Fair Value - Financial Statements - Paradigms

September 6, 2009

Analysis of:US says debt Outlook Worsening | www.ft.com

The global economy is in a tailspin. Politicians and economists like us to believe otherwise amid  worsening job losses and a weakening US dollar. The graph of the USD vs. gold price shows the fall in value of the USD. This situation throws up questions for the auditor/CFO/accountant and others involved with financial statements. Analysts would  also need to evaluate the fair value of assets on financial statements in this evolving situation. In this analysis I look at some of  these questions.

An Idiot's Guide To Assessing Organisational Performance

August 24, 2009

Analysis by: GLG Expert Contributor

Analysis of:Buffett Payouts Climb on Credit Swaps After Defaults | www.bloomberg.com

The biggest surge in corporate failures (and near failures) since at least 1970 (some high profile eg; Royal Bank of Scotland (RBS), Northern Rock, Lehman Brothers etc), lead me to conclude that effective corporate governance is merely a phrase to be trotted out to the media by management. I have put together a basic checklist of questions that one should ask, when making a judgement as to the effectiveness of an organisation’s management. How does your own organisation measure up?

Codes of Conduct, the Ethical Principles of Companies

August 3, 2009

Analysis by: GLG Expert Contributor

Analysis of:Taking Care of Business: Corporate Codes of Conduct as Global Regulation | www.allacademic.com

There may be those in boardrooms, around the corporate world, who feel that implementing such a code is an unnecessary waste of time and money. I would like to draw their attention to three key reasons, which I suggest they repeat to themselves every night before going to bed, for having the code: 1. Reputation 2. Reputation 3. Reputation

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Charles Darwin, Adam Smith, Accounting and Financial Rules

July 13, 2009

Analysis of:The Invisible Hand, Trumped by Darwin | www.nytimes.com

The referred article speaks of Adam Smith and Charles Darwin. While Smith spoke of the invisible hand, Darwin spoke of natural selection and survival of the fittest. The referred article is in terms of economics. I look at the same question from an accounting and financial emphasis.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Fair Value - The Continuing Debate - Why it Never Ends?

July 8, 2009

Analysis of:The Fair Value Deadbeat Debate Returns | www.cfo.com

The referred article speaks of fair value and its impact on credit rating. Fair value is related to a number of  instruments including derivatives, hedging and plain vanilla instruments. I was recently at a conference in Agra, India where the Chairman of the IASB Sir David Tweedy mentioned IAS 39 in passing and said that the IASB was still trying to get to grips with its intricacies. In this analysis I look at why fair value will continue to confuse but is essentially the light in the right direction for understanding corporate financial reports.

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