FASB
other on 2 shows · 1 statements across 1 episodes
the Knowledge Project 
Capital Allocators
2 statements about FASB, every show
Scilipoti: FASB updated accounting rules post-Nortel to reclassify long-term receivables
“And in fact, after, after Nortel, FASB changed the rules and then long-term receivables became part of operating cashflow.”
Madorsky: FASB 157 established mark-to-market accounting in private equity
“The other piece of it was that prior to 2007, There was not a mark-to-market valuation methodology universally adopted. The NAV, the value of the position, was the lower of cost or market. Lower of the cost of market. The FASB rule of one 57 drove to a more ma…”