Chairman Don Kirk leaves FASB stronger

Article Abstract:

Donald J. Kirk has been chairman of the Financial Accounting Standards Board (FASB) for nine years. During this time, he has guided the FASB to a position of increased respectability and acceptance, in spite of occasional friction by those in power. The attributes that make Kirk such an effective leader are: a special leadership style that involves motivating instead of ordering Board members, openly communicating and convincing other Board members with logic rather than with power, a deep understanding of technical issues, an ability to quickly and completely analyze complex issues, tolerance of others' views, long working hours, and interaction with staff members. Despite of his varied duties, he leaves time for community and family activities.

Auditing, Personalities, Kirk, Donald J.

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What it takes to be a turnaround manager

Article Abstract:

Successful turnaround managers, who work with troubled companies to help implement profitable business practices, have characteristics in common which include: intelligence; the ability to solve problems; and the ability to inspire people. Successful managers also like to network, and many take advantage of organizations such as the Turnaround Management Association (Chapel Hill, NC). The association helps managers involved in turnarounds with a large database of turnaround case studies which managers can access. The association is currently working on establishing qualifications for the industry.

Prevention, Business failures, Corporate turnarounds, Turnaround management, Turnaround Management Association

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Dennis R. Beresford: new FASB chairman

Article Abstract:

The new chairman of the Financial Accounting Standards Board (FASB) is Dennis R. Beresford. Beresford, who is 48 years old, is a partner at Ernst and Whinney. He began with the public accounting firm in 1961, and was a technical specialist at the firm's national headquarters at the time of his appointment to the FASB. He has done extensive work in the area of reporting and accounting standards, and he has been a member of the FASB's Emerging Issues Task Force since 1984.

United States, Officials and employees, Biography, Associations, Beresford, Dennis R.

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