Ralph Walters on harmonization

Article Abstract:

International Accounting Standards Committee (IASC) chair Ralph Walters who heads the subcommittee which drafts proposals for financial statements comparability to deal with the complexities of the increasingly internationalized securities and business markets. Walters believes that harmonization is necessary because standard national financial statements are virtually useless; financial markets in more regulated countries are threatened with a loss of market share; and multinational corporations must prepare multiple reports for different nations they do business in. The advantages to harmonization include: increased relevance and reliability of financial statements; cost efficiency; and increased coherency of information to international investors.

Laws, regulations and rules, Economic policy, International Accounting Standards Board, Managerial accounting, Walters, Ralph

---

The coming crunch in employee benefits

Article Abstract:

Employee Benefit Research Institute Pres Dallas Salisbury believes that a recent Financial Accounting Standards Board (FASB) ruling on post-employment benefits will significantly affect some companies by reducing reported per share earnings by 30% to 35%. The ruling would require companies to account for all or part of unfunded commitments for post-employment benefits other than pensions on balance sheets and income statements. Salisbury considers other related issues, including: the effect the ruling will have on healthcare benefits; how Congress will be involved in the issues; how benefits costs will rise; and how companies can control benefits costs.

Management, Finance, Employee benefits, Financial Accounting Standards Board, Salisbury, Dallas, Employee Benefit Research Institute

---

Similar abstracts:

• Abstracts: How do they get there? An examination of the antecedents of centrality in team networks. Getting It together: Temporal Coordination and Conflict Management in Global Virtual Teams
• Abstracts: Alternative approaches to the employee-organization relationship: does investment in employees pay off? Interpersonal affect and rating errors
• Abstracts: Differential price and volume reactions to accounting earnings announcements. Unexpected earnings, firm size, and trading volume around quarterly earnings announcements
• Abstracts: Information technology and organization design: locating decisions and information. Entry and learning
• Abstracts: Forms of market orientation in UK companies. Exploring strategy perceptions in changing environments

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.