Apparently Accounting Standards Update No. 2011-03 didn't quite hold things together as well as people would have hoped:
Leave it to a bunch of people that are good with numbers to make up words out of thin air.
Allow us to clarify for you.
Are you dreaming of Norwalk, Connecticut?
Impairment assessment lite.
A little bird told me that today is FASB Chair Leslie Seidman's 50th birthday.
Dear FASB, we have some concerns...
Turns out, everyone is befuddled by the definition of "nonpublic entity":
Once you suck at rating bonds enough, the next logical step is to stink it up in another area of completely groundless predictions: