... with firm leverage. Also, we show government assistance often creates corporate obligations, but commonly, neither the assistance nor the obligations are disclosed under the new Financial Accounting Standards Board (FASB) Standard ASU 2021-10 that mandates disclosure of government assistance. JEL...

... companies' accounting for goodwill and reporting of identifiable intangible assets ( FASB 2001a , 2001b ). Under these standards, public companies do not have the option to amortize goodwill; rather, goodwill must be tested at least annually for impairment. ² These standards also require...

...Jack T. Ciesielski SYNOPSIS In recent years, the FASB has concerned itself with simplification of accounting standards, rather than prioritizing the improvement of financial reporting for the benefit of investors. While companies grow more complex and larger, and place more investments...

... for their comments on earlier drafts. He thanks Jim Leisenring for help in compiling Tables 1 and 3 . The author is solely responsible for what remains. For the FASB's current website, “Academics in Standard Setting,” see https://www.fasb.org/academics . The Wheat Study on Establishment of Accounting...

...Michael E. Bradbury; Julie A. Harrison SYNOPSIS This paper provides a commentary on the results of a content analysis of dissenting opinions in Financial Accounting Standards Board (FASB) standards. During 1973 to 2009 the FASB issued 171 financial accounting standards. Half of these standards...

...Yuri Biondi; Robert J. Bloomfield; Jonathan C. Glover; Karim Jamal; James A. Ohlson; Stephen H. Penman; Eiko Tsujiyama; T. Jeffrey Wilks SYNOPSIS The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) recently issued a joint exposure draft...