XBRL Data

Changes to accounting rules can move markets: Use structured data to inform policy decisions

A new comment letter from CFA Institute to the Financial Accounting Standards Board (FASB) demonstrates the value of using structured data to inform debate and support policy decisions. The FASB is considering alternatives to existing accounting treatments for goodwill i.e., amortization (set annual write-downs) over impairment (i.e., annual evaluations).  In our letter, we argue that the FASB has not considered the magnitude of the goodwill balances they likely would put on a schedule to amortize over a period of 10 […]