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Which One When?

A roundup of key accounting deadlines, developments, and detours to watch for in 2009.

January 1, 2009

Molasses gets a bad rap for being slow — particularly in January — but 90 years ago this month more than 2 million gallons of it flooded the city of Boston, killing 21 people. Unbelievable as it sounds, a burst storage tank sent a tidal wave of goop racing through the streets at 35 mph, knocking an elevated train off its tracks and causing several buildings to collapse. Read more...

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More FASB-IASB Articles

SEC: Fair Value's Savior
In a report to Congress, the commission defends mark-to-market accounting but expects standard-setters to better explain how to implement the rules. December 31, 2008
Global Crisis Group Offers Integrity Backstop
U.S. and international accounting standard-setters form a monitoring body to help the industry cope with future political storms. December 31, 2008
Rulemakers Launch Revenue-Recognition Makeover
The accounting boards aim to make a dent in a mile-high stack of problems facing companies in terms of reporting sales that are linked to customer contracts. December 22, 2008
Merger Guide for the Perplexed
On the heels of launching its new merger rule on contingent losses, FASB slaps a "Band-Aid" that raises questions with lawyers. December 17, 2008
Happy New Year, Global Accounting
Though it's a little early for cork-popping, IASB chairman David Tweedie talks about what's ahead for global accounting — and offers resolutions geared to holding fast against political pressure in 2009. December 10, 2008
Banker: Volatility Is Reality
Newly appointed bank CEO Gerrit Zalm, who also chairs the trustees of the International Accounting Standards Board, says that the credit crisis is a regulatory problem, not an accounting one. December 5, 2008
G-20 Verdict on Fair Value: Innocent
The world's top finance ministers say that excessive risk-taking and sloppy judgments caused the crisis. November 17, 2008
IFRS Requires a Soft Touch
If American companies plan on moving to IFRS, their financial statement preparers will require less technical training and more instruction on "soft skills." November 17, 2008
Wrinkles in the IFRS Roadmap
The SEC wants some of the largest U.S. companies to adopt international rules early, but limitations and uncertainty in its plan could diminish those hopes. November 17, 2008