Long Term Investors' Outpost Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Long Term Investors' Outpost

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TimbaBear who wrote (406)	8/20/2002 3:43:56 PM
From: golfinvestor	Read Replies (1) of 562

Timba, After reading your post, I would say the best we can do is agree that we disagree. I believe most companies are honest in their reporting and the existing accounting system works just fine. If your going to change the way options are accounted for and disallow proforma earnings reporting, then why not cleanup all the grey areas of accounting. For example, many of the companies that have come out and said that they will now expense options have unfunded pension liability, which is as much of an expense as stock options are. I don't hear anybody crying to FASB to change that grey area of accounting. The bottom line is if your going to change the accounting system, just don't pick a few areas and think it will make dishonest company honest, go all the way. Make all companies report just one way for GAAP and for the IRS. If you want the system to work best keep it simple. But we both know that won't happen any time soon. As long as there are lobbyists fighting for accounting complexity the chance of this happening is as good taxpayers getting a flat tax. :-) Golf

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next