US GAAP, FASB standards, who cares !
September 15, 2025 at 12:08 PM
US GAAP, FASB standards, who cares !
Kurz FASB. Da kommt der berüchtigte FASB.
Ich sehe es schon vor mir 😌
Ich sehe es schon vor mir 😌
November 16, 2024 at 3:49 PM
Kurz FASB. Da kommt der berüchtigte FASB.
Ich sehe es schon vor mir 😌
Ich sehe es schon vor mir 😌
Shipyards in full activity.
2026 project. Enough models to setup any major action using FC or FASB or WSIM.
2026 project. Enough models to setup any major action using FC or FASB or WSIM.
January 31, 2026 at 11:34 AM
Shipyards in full activity.
2026 project. Enough models to setup any major action using FC or FASB or WSIM.
2026 project. Enough models to setup any major action using FC or FASB or WSIM.
IASB is an illegitimate accounting standards organization. I only recognize FASB
October 2, 2025 at 11:10 PM
IASB is an illegitimate accounting standards organization. I only recognize FASB
FASB Seeks Public Comment on Proposal to Improve Accounting for Residential Mortgage Servicing Rights fasb.org/news-and-mee... #FASB #GAAP #mortgage #accounting
September 24, 2026 at 3:41 AM
FASB Seeks Public Comment on Proposal to Improve Accounting for Residential Mortgage Servicing Rights fasb.org/news-and-mee... #FASB #GAAP #mortgage #accounting
-slaps spreadsheets down in front of the CFO-
YOUR DAY OF RECKONING HAS COME AT LAST, FASB SAID IT IS EASIER FOR A CAMEL TO FIT THROUGH THE AUDIT PERIOD THAN A COMPANY WITH OFFSHORE ACCOUNTS
PRAY YOUR GAAP WAS FOLLOWED AS WE AUDIT YOUR FINANCIAL SOULLLLL
YOUR DAY OF RECKONING HAS COME AT LAST, FASB SAID IT IS EASIER FOR A CAMEL TO FIT THROUGH THE AUDIT PERIOD THAN A COMPANY WITH OFFSHORE ACCOUNTS
PRAY YOUR GAAP WAS FOLLOWED AS WE AUDIT YOUR FINANCIAL SOULLLLL
We should go back to calling calculators “Reckoners”
May 13, 2026 at 6:12 PM
-slaps spreadsheets down in front of the CFO-
YOUR DAY OF RECKONING HAS COME AT LAST, FASB SAID IT IS EASIER FOR A CAMEL TO FIT THROUGH THE AUDIT PERIOD THAN A COMPANY WITH OFFSHORE ACCOUNTS
PRAY YOUR GAAP WAS FOLLOWED AS WE AUDIT YOUR FINANCIAL SOULLLLL
YOUR DAY OF RECKONING HAS COME AT LAST, FASB SAID IT IS EASIER FOR A CAMEL TO FIT THROUGH THE AUDIT PERIOD THAN A COMPANY WITH OFFSHORE ACCOUNTS
PRAY YOUR GAAP WAS FOLLOWED AS WE AUDIT YOUR FINANCIAL SOULLLLL
I just shut them up by telling them that government generates revenue thru taxes and if it is run like a business, it would try to maximize revenue. Significantly higher taxes, fees, etc.
It's useless trying to explain GASB vs FASB.
It's useless trying to explain GASB vs FASB.
May 2, 2026 at 8:06 PM
I just shut them up by telling them that government generates revenue thru taxes and if it is run like a business, it would try to maximize revenue. Significantly higher taxes, fees, etc.
It's useless trying to explain GASB vs FASB.
It's useless trying to explain GASB vs FASB.
I for one can’t wait until Grok rewrites FASB ASC
July 13, 2025 at 5:06 PM
I for one can’t wait until Grok rewrites FASB ASC
Tesla's non-GAAP crypto adjustment raises a timing question
Tesla's adjustment for crypto losses eliminates the impact of the new FASB crypto accounting standard. But that's not what happened when there were gains:
$TSLA
$TSLAQ
By @fmckenna.bsky.social & Olga Usvyatsky
Tesla's adjustment for crypto losses eliminates the impact of the new FASB crypto accounting standard. But that's not what happened when there were gains:
$TSLA
$TSLAQ
By @fmckenna.bsky.social & Olga Usvyatsky
Crosspost: Tesla’s non-GAAP crypto adjustment raises a timing question
Tesla's adjustment for crypto losses eliminates the impact of the new FASB crypto accounting standard. But that’s not what happened when there were gains.
thedig.substack.com
April 29, 2025 at 7:12 AM
Tesla's non-GAAP crypto adjustment raises a timing question
Tesla's adjustment for crypto losses eliminates the impact of the new FASB crypto accounting standard. But that's not what happened when there were gains:
$TSLA
$TSLAQ
By @fmckenna.bsky.social & Olga Usvyatsky
Tesla's adjustment for crypto losses eliminates the impact of the new FASB crypto accounting standard. But that's not what happened when there were gains:
$TSLA
$TSLAQ
By @fmckenna.bsky.social & Olga Usvyatsky
Stocks finally found a bottom on March 9, 2009. The suspension of Rule 157 by the FASB (Federal Accounting Standards Board) had been publicly discussed for weeks, and under intense pressure by Congress, the FASB finally caved and voted to suspend the rule on April 2, 2009.
March 17, 2025 at 6:02 PM
Stocks finally found a bottom on March 9, 2009. The suspension of Rule 157 by the FASB (Federal Accounting Standards Board) had been publicly discussed for weeks, and under intense pressure by Congress, the FASB finally caved and voted to suspend the rule on April 2, 2009.
thedig.substack.com/p/private-eq... Private equity is everywhere but I focus on its intersection with Big 4. Also, a regulator who wants to be heard but only by yes-men, insight into Skype goodwill, and Erie Indemnity's FASB ask.
Private equity, Form AP, and regulatory capture
Private equity is everywhere but I focus on its intersection with Big 4. Also, a regulator who wants to be heard but only by yes-men, insight into Skype goodwill, and Erie Indemnity's FASB ask.
thedig.substack.com
March 16, 2025 at 12:36 PM
thedig.substack.com/p/private-eq... Private equity is everywhere but I focus on its intersection with Big 4. Also, a regulator who wants to be heard but only by yes-men, insight into Skype goodwill, and Erie Indemnity's FASB ask.
It's PwC and this is the best check on their reporting. While Tesla may feel safe from the SEC, the auditors have other risks themselves (FASB, lawsuits) and Tesla is so high profile that they almost certainly devote tons of time and resources to the engagement.
April 21, 2025 at 6:50 PM
It's PwC and this is the best check on their reporting. While Tesla may feel safe from the SEC, the auditors have other risks themselves (FASB, lawsuits) and Tesla is so high profile that they almost certainly devote tons of time and resources to the engagement.
FASB isn’t under government control- they’re independent.
Musk and Trump have zero jurisdiction over this one
Musk and Trump have zero jurisdiction over this one
February 25, 2025 at 2:04 AM
FASB isn’t under government control- they’re independent.
Musk and Trump have zero jurisdiction over this one
Musk and Trump have zero jurisdiction over this one
A harmful House rider would deny funding to FASB
unless they revoke a long-awaited corporate #tax #transparency measure.
Five decades of FASB independence should not be put in jeopardy over an update that has been well received by #investors.
Read more here: thefactcoalition.org/fact-calls-o...
unless they revoke a long-awaited corporate #tax #transparency measure.
Five decades of FASB independence should not be put in jeopardy over an update that has been well received by #investors.
Read more here: thefactcoalition.org/fact-calls-o...
November 20, 2024 at 8:02 PM
A harmful House rider would deny funding to FASB
unless they revoke a long-awaited corporate #tax #transparency measure.
Five decades of FASB independence should not be put in jeopardy over an update that has been well received by #investors.
Read more here: thefactcoalition.org/fact-calls-o...
unless they revoke a long-awaited corporate #tax #transparency measure.
Five decades of FASB independence should not be put in jeopardy over an update that has been well received by #investors.
Read more here: thefactcoalition.org/fact-calls-o...
Even in my Accounting career, leases were the worst (& I worked at a commercial real estate company for 13 years!) 🤭 So, so boring. But boy can they land you in court. FASB 13, Accounting For Leases, is forever burned in my memory. (Yes, I’m a former total geek like you’re learning to be).
July 5, 2026 at 1:37 PM
Even in my Accounting career, leases were the worst (& I worked at a commercial real estate company for 13 years!) 🤭 So, so boring. But boy can they land you in court. FASB 13, Accounting For Leases, is forever burned in my memory. (Yes, I’m a former total geek like you’re learning to be).
This is just horrific.
I majored in accounting, but my grad school profs back then would’ve been vehemently opposed to citations from ANYTHING but FASB, legal journals, and IRS materials.
This is phoning it in. The fact that this is for EDUCATION majors is just…holy shit, I’d want my tuition back
I majored in accounting, but my grad school profs back then would’ve been vehemently opposed to citations from ANYTHING but FASB, legal journals, and IRS materials.
This is phoning it in. The fact that this is for EDUCATION majors is just…holy shit, I’d want my tuition back
November 29, 2025 at 8:33 PM
This is just horrific.
I majored in accounting, but my grad school profs back then would’ve been vehemently opposed to citations from ANYTHING but FASB, legal journals, and IRS materials.
This is phoning it in. The fact that this is for EDUCATION majors is just…holy shit, I’d want my tuition back
I majored in accounting, but my grad school profs back then would’ve been vehemently opposed to citations from ANYTHING but FASB, legal journals, and IRS materials.
This is phoning it in. The fact that this is for EDUCATION majors is just…holy shit, I’d want my tuition back
Except they can’t- how those are defined goes through the Yellow Book (governmental accounting) and FASB.
Accounting has rules and standards and very stringent parameters, and currently they’re aligned internationally with IFRS. You can only change so much.
Accounting has rules and standards and very stringent parameters, and currently they’re aligned internationally with IFRS. You can only change so much.
February 25, 2025 at 1:44 AM
Except they can’t- how those are defined goes through the Yellow Book (governmental accounting) and FASB.
Accounting has rules and standards and very stringent parameters, and currently they’re aligned internationally with IFRS. You can only change so much.
Accounting has rules and standards and very stringent parameters, and currently they’re aligned internationally with IFRS. You can only change so much.
Great to be back in Bahia 🇧🇷 visiting some of the 40+ agroforestry projects and communities that we’ve helped mobilise with the €8M FASB initiative.
Trees in the photos planted 2023/24
More info fasb.inovaland.earth/en/
Trees in the photos planted 2023/24
More info fasb.inovaland.earth/en/
November 20, 2025 at 9:00 AM
Great to be back in Bahia 🇧🇷 visiting some of the 40+ agroforestry projects and communities that we’ve helped mobilise with the €8M FASB initiative.
Trees in the photos planted 2023/24
More info fasb.inovaland.earth/en/
Trees in the photos planted 2023/24
More info fasb.inovaland.earth/en/
ちょっと横道に逸れるが、資産のバリューが含み損益により上下する、で思い出した。
クリプト資産のバリュエーションでは、一般証券のような金融資産の含み損益に相当する増減を、バランスシート上のエクイティにOCI（その他包括利益）として直接反映させるのではなく、P/L（損益計算書）に含めろ、というFASBの決定にはマジで驚いたよね。クリプトのボラティリティの激しさを考えたら、FASBのメンバーのアタマにウジ湧いたんじゃねーのか、とわたしなんかは正直思った。
クリプト資産のバリュエーションでは、一般証券のような金融資産の含み損益に相当する増減を、バランスシート上のエクイティにOCI（その他包括利益）として直接反映させるのではなく、P/L（損益計算書）に含めろ、というFASBの決定にはマジで驚いたよね。クリプトのボラティリティの激しさを考えたら、FASBのメンバーのアタマにウジ湧いたんじゃねーのか、とわたしなんかは正直思った。
February 1, 2025 at 2:44 PM
ちょっと横道に逸れるが、資産のバリューが含み損益により上下する、で思い出した。
クリプト資産のバリュエーションでは、一般証券のような金融資産の含み損益に相当する増減を、バランスシート上のエクイティにOCI（その他包括利益）として直接反映させるのではなく、P/L（損益計算書）に含めろ、というFASBの決定にはマジで驚いたよね。クリプトのボラティリティの激しさを考えたら、FASBのメンバーのアタマにウジ湧いたんじゃねーのか、とわたしなんかは正直思った。
クリプト資産のバリュエーションでは、一般証券のような金融資産の含み損益に相当する増減を、バランスシート上のエクイティにOCI（その他包括利益）として直接反映させるのではなく、P/L（損益計算書）に含めろ、というFASBの決定にはマジで驚いたよね。クリプトのボラティリティの激しさを考えたら、FASBのメンバーのアタマにウジ湧いたんじゃねーのか、とわたしなんかは正直思った。
"So Mr. FASB, we need some way to make this stuff all balance when it doesn't come close to balancing."
"Have I got a bucket for you!"
"Have I got a bucket for you!"
April 23, 2026 at 2:49 PM
"So Mr. FASB, we need some way to make this stuff all balance when it doesn't come close to balancing."
"Have I got a bucket for you!"
"Have I got a bucket for you!"
Among other things, this fabulous law created FASB, which the SEC delegated to set the rules for financial statement disclosure from that point forward. FASB wrote a big list of things companies had to (a) tell shareholders about and (b) not lie. Income taxes were one of those things.
July 24, 2025 at 1:37 AM
Among other things, this fabulous law created FASB, which the SEC delegated to set the rules for financial statement disclosure from that point forward. FASB wrote a big list of things companies had to (a) tell shareholders about and (b) not lie. Income taxes were one of those things.
We've played Trafalgar with "Fighting Sail" twice and "Kiss Me, Hardy" once. First run at it with "FASB".
October 25, 2025 at 10:47 PM
We've played Trafalgar with "Fighting Sail" twice and "Kiss Me, Hardy" once. First run at it with "FASB".