10 April 2008
Microsoft finally upgrades enterprise solutions
Posted by James Breen at 4/10/2008 11:52:00 AM
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Try this line: "I'm from the Financial Accounting Standards Board and I'm here to help you." Not very persuasive? We are not surprised. Background FAS 157 is a well-intentioned attempt to clarify derivative accounting and increase transparency. Had it been introduced at a different time, the transition might have been smoother. Instead, the major Wall Street firms adopted the new rules early in 2007, just as the impact of the various mortgage derivative issues was becoming clear. It ..[more].
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