Current Financial Reporting Trends

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Current Financial Reporting Trends: A Qualitative Review of SEC Comment Letters Cheryl de Mesa Graziano Vice President, Research and Operations Financial Executives Research Foundation Mark P. Holtzman Assistant Professor of Accounting Stillman School of Business, Seton Hall University the source for financial solutions 200 Campus Drive P.O. Box 674 Florham Park, New Jersey 07932-0674 www.ferf.org an affiliate of financial executives international
Current Financial Reporting Trends: A Qualitative Review of SEC Comment Letters TABLE OF CONTENTS Purpose and Executive Summary 1 Introduction 2 Review of Comment Letters Methodology 3 Comment Letter Structure 3 Revenue Recognition 4 Internal Control Effectiveness 7 Management’s Discussion and Analysis 10 Segment Reporting 12 Derivative Accounting 13 Acquisition Accounting and Goodwill 17 Impairments/Disposal of Long-Lived Assets 19 Stock Option Accounting 20 Taxes 21 Conclusion 25 About the Authors and Financial Executives Research Foundation, Inc. 26
Page 1: Current Financial Reporting Trends:
Page 5 and 6: Introduction At the most recent Fin
Page 7 and 8: In connection with responding to ou
Page 9 and 10: As suggested by the Staff, Manageme
Page 11 and 12: in the rules and forms of the SEC."
Page 13 and 14: Consolidated Interest Expense Ratio
Page 15 and 16: The underlying reasons for changes
Page 17 and 18: Please tell us how you have applied
Page 19 and 20: • Describe the accounting for int
Page 21 and 22: information disclosed in your fisca
Page 23 and 24: accounted for as discontinued opera
Page 25 and 26: tax payable. As such, no interest a
Page 27 and 28: anticipate that such a trend may si
Page 29 and 30: About the Authors Cheryl de Mesa Gr
Page 31: usiness / research

Current Financial Reporting Trends

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