- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Image: The Financial Accounting Standards Board has finished some targeted improvements to the accounting requirements around consolidations, or the rules around when a company must add another entity to its financial statements because it controls the business. “This new standard simplifies consolidation accounting by reducing the number of consolidation models, ...
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Image: With yet another change in the guidance on when a company needs to consolidate a particular entity onto its balance sheet, all public companies need to walk through a new evaluation process in the first quarter, even if it doesn’t change the outcome. “It is a thicket,” says Adam ...
Image: A new rule on consolidating entities into a parent company’s financial statements might reach well beyond the original problem it aimed to fix. Financial reporting executives should prepare to take inventory of the entities in your enterprise and see how they may need to roll onto the balance sheet. ...
Becton Dickinson medical device company will pay $175 million for “repeatedly” misleading investors about its Alaris infusion pump, a product the company knew was flawed and was sold without the required patient-safety approvals, the Securities and Exchange Commission said.
