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.
Are you dreaming of Norwalk, Connecticut?
A little bird told me that today is FASB Chair Leslie Seidman's 50th birthday.
Turns out, everyone is befuddled by the definition of "nonpublic entity":