Questions from General Accounting

Q: Why did APB Opinion No. 8 only minimally improve uniformity between

Why did APB Opinion No. 8 only minimally improve uniformity between companies?

Q: Why was there reason to expect some negative economic consequences arising from

Why was there reason to expect some negative economic consequences arising from lease capitalization? What is the role of neutrality in such a situation? What is the response based on research finding...

Q: Does it matter if capital leases are reported in a footnote or

Does it matter if capital leases are reported in a footnote or in the body of the balance sheet? What research evidence exists to help evaluate this question?

Q: Describe the implicit assumption made in SFAS No. 94 about the

Describe the implicit assumption made in SFAS No. 94 about the reporting entity.

Q: Is SFAS No. 87’s argument favoring recognition of a pension liability

Is SFAS No. 87’s argument favoring recognition of a pension liability for accumulated benefits consistent with the conceptual framework project?

Q: How are minority interests handled in consolidations?

How are minority interests handled in consolidations?

Q: What is an equity carve-out?

What is an equity carve-out?

Q: Why is the IASB standard (IAS 7) substantially shorter than

Why is the IASB standard (IAS 7) substantially shorter than the FASB’s standard (SFAS No. 13)?

Q: Why does the elimination of poolings (SFAS No. 141)

Why does the elimination of poolings (SFAS No. 141) and the indefinite life of goodwill subject to impairment (SFAS No. 142) represent a possible “quid pro quo?”

Q: Why does the elimination of poolings improve representational faithfulness and comparability.

Why does the elimination of poolings improve representational faithfulness and comparability.