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A Look Inside Corporate Canada's Love-Hate Relationship With Fair Value Accounting Aug 07
Standard & Poors, Aug 2007
Abstract
Since the start of the year, many companies in corporate Canada have been wrestling with a slew of new accounting rules that are beginning to show their effects in the numbers reported to investors. In six short months after adoption of the new accounting rules, some CFOs presumably looked at their interim 2007 financial statements with glee as they witnessed millions of dollars in new equity and earnings 'creation,' while others likely cringed at the sight of millions being lost. Corporate Canada adopted these new accounting rules to facilitate convergence with accounting policies that their peers abroad use. Further complicating matters is that the new accounting policies are leaning more and more toward fair valuing assets and liabilities rather than...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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