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Determining the fair value of a financial asset when the market for that asset is not active
Recently, the Financial Accounting Standards Board issued FASB Staff Position No. FAS 157-3, Determining the Fair Value of a Financial Asset When the Market for That Asset Is Not Active. 

FASB votes to propose deferral of FIN 48 for private entities
The Financial Accounting Standards Board has voted to propose a deferral of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes, so that it would be effective for private entities for annual periods beginning after December 15, 2008 if they have not yet issued a full set of U.S. GAAP annual financial statements incorporating the recognition, measurement, and disclosure requirements of FIN 48. 



Our biweekly newsletter, Insights, communicates recent accounting and auditing developments to our clients and other friends in a timely manner.
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CPA Journal Magazine Article - Classifying Considerations Given by a Vendor to a Customer
Brian Marshall, a partner in McGladrey & Pullen’s National Accounting Standards Group, has authored “Classifying Considerations Given by a Vendor to a Customer,” which appears in the September, 2008 edition of The CPA Journal.

Toolkit for Private Equity Group Portfolio Company Accounting
McGladrey & Pullen, LLP has prepared a toolkit to help guide readers through the appropriate accounting guidance for acquisition-related transactions often entered into by a portfolio company of a private equity group.

 

 

 


 

RSM McGladrey Inc. and McGladrey & Pullen LLP have an alternative practice structure. Though separate and independent legal entities, the two firms work together to serve clients' business needs.




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