Thursday, March 21, 2019
Tech Data’s Goodwill Adjustment

Tuesday, March 19, 2019
There’s Taxes, and There’s Taxes

Saturday, March 16, 2019
Adventures in Tax Cuts and Net Income

Monday, March 11, 2019
Big Moves in Goodwill, Intangible Value

Friday, March 8, 2019
CVS, Goodwill, and Enterprise Value

Thursday, February 28, 2019
Summary of Our Goodwill Research/ How-To

Wednesday, February 27, 2019
What Does ‘Other’ Mean? An Example

Thursday, February 21, 2019
Another Tale, Buried in the Footnotes

Wednesday, February 13, 2019
Low Latency Calcbench

Monday, February 11, 2019
Now Streaming on Hulu: Red Ink

Thursday, February 7, 2019
Early Look at 2018 Tax Decline

Wednesday, February 6, 2019
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Thursday, January 31, 2019
Talking About Huawei Exposure

Wednesday, January 30, 2019
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Wednesday, January 30, 2019
Finding Revised Facts: Hertz Edition

Wednesday, January 23, 2019
GE Commercial Aviation Services: Bringing Numbers to Light

Monday, January 21, 2019
Differences in Earnings Releases and 10-Ks

Wednesday, January 16, 2019
The Importance of Textual Analysis

Tuesday, January 8, 2019
A Look at Climate Change Disclosures

Wednesday, January 2, 2019
Quants: Point-in-Time Data for Backtesting

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H.R. 5405 would ...
Thursday, October 9, 2014

House Resolution 5405 which was passed by the House of Representatives earlier in September, contains a passage that would exempt “small” firms from filing their financials in eXtensible Business Reporting Language (XBRL).  

Some Q & A:

Q:  What is the definition of small?  

A:  According to this legislation, a ‘small’ company is one with annual revenues of less than $250 million, despite the fact that many such companies have assets well over $1 billion.  

Q: How many firms would be exempt under this proposed legislation?

A:  In 2013, there were 2,700 entities that reported revenue greater than $250 million.  There were 4,280 who reported revenues less than $250 million.  These firms would be exempt!  

Q:  What are the costs related to XBRL as compared to the other costs associated with being a public company?

A: XBRL costs vary with the complexity of the statements being prepared. However, budget conscious companies see a bill between $50 and $100 thousand a year.  Compare that to the $2.1 BILLION in investment banking and legal fees paid in 2013 by these 4,280 companies, just for stock issuances alone!

Q:  Anything else??

A:  Why yes, exempt firms would include some household names like E-Trade, and Solarcity, a $5 billion market cap firm! Does anyone consider these to be small companies?


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