Stocks surge after Fed's new move

Stocks surge after Fed's new move
Mar 19, 2008 10:54	#11
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	euro countries and Canada accounting principals, I think, are more strict /conservative than US GAAP in terms of how to book expense/capitalization, inventory(lifo, fifo), method of amortization, reserve of doubtful A/R (accounts receivable), etc. (you know, GARY, A/R is one of the key benchmark of co. liquidity). Accounting is not so exciting as financing, however financing /investment have to refer to acct report /data. Yes, manipulating the way of booking is always happening but GAAP itself encourages manipulation within the scope of GAAP as long as not going too far beyond it.

Mar 19, 2008 10:54

#11

MARRIE
Points:
Join Date: Jan 7, 2008
Status: Offline

euro countries and Canada accounting principals, I think, are more strict /conservative than US GAAP in terms of how to book expense/capitalization, inventory(lifo, fifo), method of amortization, reserve of doubtful A/R (accounts receivable), etc. (you know, GARY, A/R is one of the key benchmark of co. liquidity). Accounting is not so exciting as financing, however financing /investment have to refer to acct report /data. Yes, manipulating the way of booking is always happening but GAAP itself encourages manipulation within the scope of GAAP as long as not going too far beyond it.

Mar 19, 2008 21:47	#12
JIMMYB Points: Join Date: Feb 7, 2007 Status: Offline	"It is my understanding that overseas(foreign) corporations are even less transparent with their financials (i.e. the guide lines are not as strict)." Yes, this is the best excuse that the developed countries to refuse Chinese corporations enter their domestic market. However, they can easily enter Chinese domestic market easily. This is unfair.

Mar 19, 2008 23:18

#13

MARRIE
Points:
Join Date: Jan 7, 2008
Status: Offline

"It is my understanding that overseas(foreign) corporations are even less transparent with their financials (i.e. the guide lines are not as strict)."

How US head-quartered co consolidates their overseas unit financial data and how their overseas units book their accounts, i.e. local standards or us stands rarely shown on filing (I’d better grab an multi-national co. to check their filing for study). Fraud behaviors in less task segregated accounting dept take place very often.

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