MBA ZoNe - MBA BulletPoint

AICPA Video on GAAP Codification

"On July 1, 2009, FASB’s Accounting Standards Codification (ASC) is expected to be authoritative..."
view video

Reader Poll: Reader Survey: Are you aware of the FASB Accounting Standards Codification (which changes the presentation of GAAP) that is slated to become authoritative on July 1, 2009?
view current poll results

Source: AICPA

The World's Best Banks

"As the dust starts to settle, which banks deserve the most plaudits?

Trying to work out which banks are the world’s best is a bit like awarding the prize for prettiest war-torn village. It is a title that carries little kudos. It is also likely to prompt further shelling. Winners of industry awards in the past three years include Ken Lewis, the chief executive of Bank of America, for banker of the year (2008); Société Générale for its risk management; and Angelo Mozilo of Countrywide, a failed mortgage lender, for a "lifetime of achievement." Still, the question is becoming more pertinent. After months of indiscriminate fear, widespread losses, and government hand-holding, the banking industry is gradually stabilizing..."
read entire post

Source: CFO

U.S. "Will Be The Outlier" Without IFRS

"IASB member John Smith tells a European audience that "it is in the interest of the United States to adopt IFRSs in the next five years...

The United States will pay a high price for failing to adopt International Financial Reporting Standards within the next five years, an international accounting rulemaker told a European Commission conference audience last Thursday. "I believe it is in the interest of the United States to adopt IFRSs in the next five years," International Accounting Standards Board member John Smith told attendees at a conference in Brussels last week organized by the European Commission. Noting that Brazil, Canada, China, India, Japan and Korea are committed to adopting IFRS, and the European Union already using IFRS, Smith said "the cost to the United States of failing to adopt IFRSs will be high"..."
read entire article

Source: CFO

Social media adoption: How will marketing spending patterns change?

"Although social media adoption rates are still relatively low—more and more companies are jumping in. And,as they do, we may see a dramatic shift in marketing spending patterns.  Today, most B2B companies are just dipping their toes in the social media waters. Some have launched blogs. Others are experimenting with Twitter. Still others are adopting a wait and see attitude.  Yet, if the conversation at a recent event hosted by the Massachusetts Technology Leadership Council is any indication, most B2B marketers are ready to move forward. Right now, their biggest challenge is figuring out how to justify social media investments to skeptical management teams..."
read entire article

Source: AccountingWeb