Mining Wikipedia for accounting topics

Wikipedia is a good source of information about a variety of topics. I’m pleased to find that it’s generally pretty good about accounting too. The article on the Balance Sheet contains “case studies” showing the effect of some transactions on a very basic balance sheet. As well, I’d never seen non-current liabilities referred to as […]

Pension brouhaha south of the border

FASB is coming out with some tough new standards relating to defined benefit pensions that is expected to result in significant new liabilities (or increases to existing ones) for companies that had been accounting for their pensions under the more lax requirements of the old standard. Defined benefit pension plans are definitely the more complicated […]