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Gray Matters

http://cfo.markbaileyco.com

The purpose of this blog is to provide a forum for the exchange of questions, ideas, experience and solutions to problems and challenges faced by the financial executives of public and privately held companies in the world economy today. Just as the successful navigator of a ship uses the experiences and knowledge documented in his charts and maps to avoid hazards, the successful CFO / Controller will utilize every available resource to do the same.

• Added on: Oct 6th, 2009
• Country: United States
• Language: English

• Author: Mark Bailey
• Listed in: Finance Business
• Tags: ceo accounting audit public company private company cfo

Recent Posts

• Tax Help for All Businesses Great and Small

  Posted on Wednesday December 2nd, 2009 at 10:29 in tax, IRS, economic times, tax benefit, tax help, nol, economic stabilization act, net operating losses, qualifying small businesses

  In February the normal two year carryback period for Net Operating Losses (NOL’s) was extended to 3, 4 or 5 years for electing small businesses. Earlier this month, the 3, 4 or 5 year NOL... [[ This is a content summary only. Visit my website ...

• IFRS – Time to Panic?

  Posted on Wednesday December 2nd, 2009 at 10:23 in accounting, tort reform, governance, implementation, health care industry, ifrs, world economy, financial reporting standards, international financial reporting standards, sec compliance, liability reform, decomplexifying accounting

  In recent months the focus of discussions related to adoption of the International  Financial Reporting Standards have centered on differences with US GAAP (such as LIFO inventory), timing and... [[ This is a content summary only. Visit my website ...

• S Corporation Pitfalls – Part 1

  Posted on Tuesday November 10th, 2009 at 21:48 in accounting, tax, assets, limited liability company, s corporation, c corporation, self employment tax, passive investment, appreciable assets, future tax planning, s corporation pitfalls

  S Corporations are a popular business entity - they allow for limitation of liability, may reduce self-employment taxes, and income is passed through to the owners, resulting in only one level of... [[ This is a content summary only. Visit my webs...

• Oil and Gas Accounting – SEC Issues SAB 113

  Posted on Monday November 9th, 2009 at 14:29 in Valuation, accounting, oil and gas, governance, sab, sec compliance, decomplexifying accounting, sab 113, oil and gas rules, regs s-k, regs s-x, staff accounting bulletin 113

  The Office of the Chief Accountant through Corp Fin recently published Staff Accounting Bulletin 113.  There are four main areas of focus within this SAB which will likely affect everyone to some... [[ This is a content summary only. Visit my websi...

• Hip Hip Hooray! Permanent exemption from 404(b) for Small Business is Possible!

  Posted on Friday November 6th, 2009 at 16:02 in small business, accounting, governance, house financial services committee, internal control, icfr, internal controls over financial reporting, smaller reporting company, 404(b), sox 404b

  Recently, the House Financial Services Committee passed H.R. 3817, the Investor Protection Act. The bill includes an amendment, which would permanently exempt small public companies from complying... [[ This is a content summary only. Visit my websi...

• Taking the Life out of LIFO

  Posted on Monday November 2nd, 2009 at 16:12 in accounting, tax, assets, ifrs, lifo, uniform capitalization

  For many companies the transition to IFRS will not result in a major change… the big exception is in the manufacturing and retail industries, as IFRS does not allow the use of LIFO (the Last In... [[ This is a content summary only. Visit my we...

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