Financial Accounting Standards Board Chairman Russell Golden compared the standard-setting process to the new race car movie, “Ford v Ferrari,” even though he admitted the process usually isn’t so speedy. | How accounting standards are like Ford v Ferrari | | By Michael Cohn 4 min read | | Financial Accounting Standards Board Chairman Russell Golden compared the standard-setting process to the new race car movie, “Ford v Ferrari,” even though he admitted the process usually isn’t so speedy. | |
| Goodwill impairment charges climbed to $78.9B | | By Michael Cohn 3 min read | | The total amount of goodwill impairment recorded by U.S. public companies reached $78.9 billion in 2018, up a staggering 125 percent from the prior year, according to a new report. | |
| Exxon prevails over New York in climate accounting case | | By Erik Larson 3 min read | | Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company misled investors for years. | |
| Democrats take final swipe at SALT cap before year’s end | | By Laura Davison 3 min read | | House Democrats are making a last-ditch bid to reverse the $10,000 cap on state and local tax deductions before year’s end. But they’ll likely need to renew their efforts in 2020 — or beyond — because the legislation has no chance of becoming law this year. | |
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