tag:blogger.com,1999:blog-510410376109552611Sun, 08 Sep 2024 19:01:42 +0000Pharma Financial ForumPharma Financepharma dollars and senseIFRSConverting to IFRSFASBAccountingAccounting rule changesAccounting rulesBloombergCFOGAAPPharma AccountingUS GAAPCanadian AccountingCredit crisisFinancial accountingHealthcare Investment Transactions SummitIRSImpact AssesmentInternational Accounting Standards BoardJames KroekerMary SchapiroMedicaid Drug Rebate ProgramReutersSEC ChairmanSEC Chief AccountantTaxesThe Journal of AccountancyWebCPAbalance sheetscomplimentary webinarhealthcare industryAICPA Trends ReportAccountantsAccountin gmastersAccounting ChargeAccounting PrinciplesAccounting StandardsAccounting degreesAccounting interpretationsAccounting methodsAccounting obligationsAccounting social networkAccounting system changeAmbientAmerican International GroupAmericas Health Insuranc PlansAuditAudit IntegrityBank of AmericaBankruptcyBanksBizTimesBob HertzBrazilBudget cutsBusiness cell phonesCFERFCPAs knowledge of IFRSCalifornia Progress ReportCarbon AccountingCashflowCell phone taxesChanging accounting rules in a recessionChief AccountantChief Accounting OfficerChina DailyClimate change accountingComputer WorldConsumer Financial Protection AgencyContingent liabilitiesCost of adopting IFRSDeloitte Touche TohmatsuDeloitte and ToucheDennis HowlettDoug ShulmanEarly adoptersEarnings strippingEarnst and YoungEquipment leasingEric HespenheideEuropean Federation of Accountancy BodiesFAS 157FEI CanadaFace to face social networksFair Market Value RulesFair Value AccountingFederal regulatorsFiduciary accountingFierce HealthcareFinancial Crisis Advisory BoardFinancial healthForbesGASPGermanyGlobal Accounting AllianceGlobal recessionGlobal wealth investmentGlogbal accounting standardsGovernmental Accouting Standards BoardGovernmental accountingGrant Thorton studyHappy Holidays from Pharma Dollars and SenseHitsIASBIFRS AdoptionIFRS RoadmapIFRS USAIFRS accounting sstemIFRS accounting systemIT changesIncome taxesIncreasing savingsIndiana State GovernmentInsurance contractsInternational AccountingInternational accounting mattersInvestment management firmInvestor relationsJRG VEnturesJaguarJoint VenturesKPMGLand RoverLawsuit accountingLawsuit disclosures and accountingLawyersLease accountingLendersLoan accountingMalcolm McKayMark OlsonMark to MarketMarket prices accountingMarket to market accountingMaurice GreenbergNational Income accountingNeil CottyObamaOff balance vehicle sheetsOperating cash flowPJ PatelPatient volumesPaul CherryPennLivePension AccountingPension plansPensions and InvestmentsPharma TaxesPlant leasingPricewaterhouse CoopesPrivate InsurancePrivate accountingProfessional Accounting Practice IssuesProperty leasingPublic Company Accounting Oversight BoardPublic accountingPublic companies coverting to IFRSReducing costsRegulatory requirementsResearch and developmentRetirement PlansSEC Division of Corporate FinanceSan DiegoSecond quarter 2009 returnsSecurities and Exchange CommissionSir David TweedieSocial NetworkState Accounting recordsTata MotorsTax complianceTenent Healthcare CorporationThe EconomistTopic 820Training for new accounting systemTransparent Accounting SystemUS Audit IndustryUniversal Accounting StandardsValor EconomicoValuation Research CorpValue of assetsVancouver SunWall Street JournalWayne CarnallYahooZenei Cortezardoctorsdrug companiesfinancegorman health grouphealthcare newsmedicare congressmedicare newsnew yorknew york timespharmapharma newsprinciple based accountingsarah rubensteintax barriers overseasvermont governmentwebinar newswelcomeA look at accounting and finance issues, techniques, and challenges within the Pharmaceutical and BioTech industries.http://pharmadollarsandsense.blogspot.com/noreply@blogger.com (Anonymous)Blogger53125tag:blogger.com,1999:blog-510410376109552611.post-5763791205733591277Fri, 25 Dec 2009 11:00:00 +00002009-12-25T06:00:02.780-05:00Happy Holidays from Pharma Dollars and SenseWe're taking some much needed time off from our coverage of Pharma to celebrate the season with our loved ones. We want to sincerely thank you for your readership, your comments and your participation. Here are our highest rated articles from 2009: Pharma Dollars and Sense: Will principle based accounting improve financial reporting?Pharma Dollars and Sense: IFRS versus US GAAPPharma Dollars http://pharmadollarsandsense.blogspot.com/2009/12/happy-holidays-from-pharma-dollars-and.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-510410376109552611.post-2183563060673073529Mon, 14 Dec 2009 15:43:00 +00002009-12-14T10:48:18.122-05:00complimentary webinargorman health groupMedicaid Drug Rebate Programmedicare congressmedicare newsSpace is limited.Reserve your Webinar seat now at:https://www1.gotomeeting.com/register/504426600Mention Priority code: P1507W1BLOGJohn Gorman, CEO, Gorman Health Group, along with Jean LeMasurier, Senior Vice President, Public Policy, Gorman Health Group will examine the current state of US healthcare reform, and its short and long term impact on Medicare plans including the financial, http://pharmadollarsandsense.blogspot.com/2009/12/complimentary-webinar-assessing-impact_14.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-510410376109552611.post-8423164321587837561Wed, 09 Dec 2009 15:18:00 +00002009-12-09T10:25:25.770-05:00Ambienthealthcare industryHealthcare Investment Transactions SummitHitsJRG VEnturesIIR’s Healthcare Investment & Transaction Summit (HITS), now taking place on January 28-29, 2010 in New York City, is the deal-making industry event of the year! Join us today and be one of the many to benefit from the year’s most prestigious healthcare deal-making event. HITS brings together the industry’s financial giants, with buyers and sellers, and the brokers who connect them and the http://pharmadollarsandsense.blogspot.com/2009/12/healthcare-investment-transaction.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-510410376109552611.post-408901955509547372Tue, 08 Dec 2009 16:09:00 +00002009-12-08T11:11:42.769-05:00complimentary webinarhealthcare industryhealthcare newspharma newswebinar newsDecember 15, 20092-3PM ESTSpace is limited.Reserve your Webinar seat now at:https://www1.gotomeeting.com/register/504426600Mention Priority Code: P1507W1BLOGJohn Gorman, CEO, Gorman Health Group, along with Jean LeMasurier, Senior Vice President, Public Policy, Gorman Health Group will examine the current state of US healthcare reform, and its short and long term impact on Medicare plans http://pharmadollarsandsense.blogspot.com/2009/12/complimentary-webinar-assessing-impact.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-510410376109552611.post-5003242446710613359Mon, 07 Dec 2009 16:59:00 +00002009-12-07T12:12:19.011-05:00Americas Health Insuranc PlansCalifornia Progress ReportHealthcare Investment Transactions SummitPharma FinancePrivate InsuranceZenei CortezA recent article written by Zenei Cortez at the California Progress Report looks at how the current finances in the health care industry are being geared towards federal lobbying. In fact, the article state that the nation's top 13 private health insurers and their trade group, America's Health Insurance Plans (AHIP) spent nearly $23 million in federal lobbying to tilt reform in their http://pharmadollarsandsense.blogspot.com/2009/12/health-care-reform-private-insurers.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-1334542166431425880Tue, 15 Sep 2009 18:28:00 +00002009-09-15T14:32:51.887-04:00Federal regulatorsGlobal recessionIFRSInternational Accounting Standards Boardpharma dollars and sensePharma FinancePharma Financial ForumAccording to the Associated Press, federal regulators stated Monday that it's critical for the United States along with other countries to adopt one international accounting standard. By all countries having the same policies, we would better avoid another economic crisis. Both those on Wall Street and in the Accounting industry agree with this statement. US companies have the option to begin http://pharmadollarsandsense.blogspot.com/2009/09/adopting-ifrs-key-to-global-financial.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-7288936642934576658Fri, 04 Sep 2009 14:43:00 +00002009-09-04T10:47:16.046-04:00FAS 157Mark to Marketpharma dollars and sensePharma FinancePharma Financial ForumTopic 820Wall Street JournalThe Wall Street Journal Blog recently wrote about the name change for FAS 157. It will now be known as Topic 820. This rule currently requires companies mark their assets to market every quarter. With the old rule, the assets were held at cost. Read more about the name and rule change here.http://pharmadollarsandsense.blogspot.com/2009/09/name-change-for-fas-157.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-8551593417154199798Tue, 01 Sep 2009 20:03:00 +00002009-09-01T16:08:04.201-04:00Accounting system changeIndiana State Governmentpharma dollars and sensePharma Financial ForumTraining for new accounting systemAccording to Fox 28 of South Bend, Indiana, the Hoosier government will be converting to one single accounting system. The complete transition will take place by September 16. This has been in the works for years, and over 3,000 state employees have been trained on the new system. Read the full article here.http://pharmadollarsandsense.blogspot.com/2009/09/indiana-government-converting-to.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-8831067284642050083Thu, 27 Aug 2009 14:16:00 +00002009-08-27T10:20:23.726-04:00IFRSJames KroekerMary SchapiroPharma Financial ForumSEC Chief AccountantSecurities and Exchange CommissionOn Tuesday, the Securities and Exchange Commission appointed James L. Kroeker the permanent chief accountant at the agency. Many in the industry thought SEC’s Mary Schapiro would select someone with a little more resistance to IFRS. How will the industry respond to a big four Chief Accountant? And most importantly, what does Kroeker’s appointment mean for the timelines surrounding IFRS http://pharmadollarsandsense.blogspot.com/2009/08/what-does-kroekers-appointment-mean-for.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-7813821023529317733Wed, 26 Aug 2009 16:02:00 +00002009-08-26T12:07:39.229-04:00Accounting interpretationsChief AccountantInternational accounting mattersJames KroekerPharma Financial ForumProfessional Accounting Practice IssuesSEC Chief AccountantThe Wall Street Journal stated that James L. Kroeker will become the permanent chief accountant for the Securities and Exchange Commission. He has been serving as the chief accountant since January. He will be overseeing accounting interpretations, professional practice issues and international accounting matters.How do you think Kroeker's new position will affect the United States and it's http://pharmadollarsandsense.blogspot.com/2009/08/james-l-kroeker-becomes-secs-permanent.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-3780108578179553203Mon, 24 Aug 2009 18:42:00 +00002009-08-24T14:44:51.223-04:00Converting to IFRSGAAPIT changespharma dollars and sensePharma FinancePharma Financial ForumThe Journal of AccountancyThe Journal Of Accountancy recently published a post that looks at how companies can take precautions when it comes to converting from GAAP to IFRS. One of the key areas that will be affected during the conversion will be IT, as many of the systems will be changing due to the new accounting methods. Read the full article here.http://pharmadollarsandsense.blogspot.com/2009/08/controlling-your-risk-when-converting.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-1922453500359699579Thu, 20 Aug 2009 21:24:00 +00002009-08-20T17:30:21.487-04:00CFOFASBLawsuit accountingLawsuit disclosures and accountingpharma dollars and sensePharma FinanceAccording to CFO, there is debate as to how companies are handling lawsuits and their accounting rules and disclosures. Under the new rules of FASB, companies would not have to disclose any information that they feel is prejudicial or confidential. This would include not disclosing any information about the money they pay to investors to settle disagreements. Last September, when the board http://pharmadollarsandsense.blogspot.com/2009/08/fasbs-changes-on-disclosing-private.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-2385565812206053259Wed, 19 Aug 2009 16:25:00 +00002009-08-19T12:33:55.403-04:00Credit crisisGlogbal accounting standardsIFRS Adoptionpharma dollars and sensePharma FinanceReutersTransparent Accounting SystemIn an article recently at Reuters India, they look at how the current global economy is just one of the latest factors holding up the adoption of IFRS globally. Due to the credit crisis, many countries have seen the need to adopt a more consistent and transparent accounting system. However, with the US failing to provide a date as to when they'll be adopting the system. The G20 Finance http://pharmadollarsandsense.blogspot.com/2009/08/adopting-ifrs-slowing.htmlnoreply@blogger.com (Anonymous)1tag:blogger.com,1999:blog-510410376109552611.post-7019213770250179287Mon, 17 Aug 2009 19:04:00 +00002009-08-17T15:45:53.641-04:00AccountingAccounting rule changesBloombergFair Market Value RulesFASBpharma dollars and sensePharma FinanceAccording to Bloomberg, last week, FASB decided to consider expanding fair market value rules. Accountants could end up expanding mark-to-market across all financial assets. Read the full article here.http://pharmadollarsandsense.blogspot.com/2009/08/fair-market-value-rules-may-expand.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-735856939592169510Tue, 11 Aug 2009 20:51:00 +00002009-08-11T16:54:32.777-04:00AccountantsAccounting social networkFace to face social networksLawyersLendersPharma Financial ForumSocial NetworkA new social network for accountants has been launched. Hub Street is a social network that brings together accountants, lawyers, and lenders to create connections in the industries. It also has a unique aspect for social networks.Fox Coaching Associates CEO Nancy Fox explains, “Let’s face it – it’s not what you know, but who you know. Unlike most online and face-to-face networks, HubStreet http://pharmadollarsandsense.blogspot.com/2009/08/new-network-for-accountants.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-5294563270853661791Mon, 10 Aug 2009 17:50:00 +00002009-08-10T13:54:42.399-04:00Accounting ChargeAmerican International GroupMaurice Greenbergpharma dollars and sensePharma Financial ForumMaurice "Hank" Greenberg, Former American International Group Chief Executive, will pay $15 million to settle an accounting charge. According to the article,Greenberg and Smith were responsible for "material misstatements" that helped AIG create the false impression that the insurer had consistently met or exceeded key earnings and growth targets, the SEC claimed.Read the full article here.http://pharmadollarsandsense.blogspot.com/2009/08/former-aig-executive-settling.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-8653056964136794060Wed, 05 Aug 2009 18:30:00 +00002009-08-05T14:41:40.058-04:00Cost of adopting IFRSEarly adoptersIFRSPharma Financial ForumSEC ChairmanUS GAAPThe SEC estimates the transition from US GAAP to IFRS will cost each early adopter $32 million over the first three years. Although the convergence for large accelerated manufacturers doesn’t occur until 2014, you can start reducing your $32 million spend by planning for a smooth, timely transition today.• Have you planned for the cost associated with transitioning to IFRS?• Do you understand thehttp://pharmadollarsandsense.blogspot.com/2009/08/how-are-you-handling-transition-to-ifrs.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-6956460442333272834Wed, 05 Aug 2009 15:53:00 +00002009-08-05T12:02:19.871-04:00Bob HertzEuropean Federation of Accountancy BodiesIFRSIFRS RoadmapMary SchapiroPharma FinancePharma Financial ForumSEC ChairmanSir David TweedieUS GAAPAt WebCPA, they divulge that Sir David Tweedie has encouraged the United States to come up with an adoption plan for IFRS. Although Tweeide has and FASB Chairman Bob Hertz have worked closely together to weave US GAAP into IFRS, the new leader of the SEC, Mary Schapiro has not said whether or not she has approved of the latest model of the roadmap to adoption. During the American Accounting http://pharmadollarsandsense.blogspot.com/2009/08/tweedie-encourages-us-to-join-ifrs.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-2349342941124202815Mon, 03 Aug 2009 19:13:00 +00002009-08-03T15:18:37.541-04:00Converting to IFRSCPAs knowledge of IFRSGAAPIFRSPharma FinancePharma Financial ForumThe IFRS blog recently asked if your CPA was bilingual. Although the United States has not yet fully committed to adopting IFRS, many other countries throughout the world have begun to take the steps to adopt this new worldwide accounting system. EM sees a new state of accounting in 2012, that where either the US has adopted IFRS or an accounting world where IFRS and GAAP coexist. So, he http://pharmadollarsandsense.blogspot.com/2009/08/cpas-knowledge-in-ifrs-and-gaap.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-739314784952075429Thu, 30 Jul 2009 20:39:00 +00002009-07-30T16:44:13.941-04:00Fierce HealthcarePatient volumesPharma FinancePharma Financial ForumReducing costsSecond quarter 2009 returnsTenent Healthcare CorporationAccording to Fierce Healthcare, Tenent Healthcare Corporation has posted better returns than previously expected for the second quarter. By holding down costs, offsetting growing bad debts, and lowering patient volumes they managed to push revenue up 4.5% and improve their free cash flow.http://pharmadollarsandsense.blogspot.com/2009/07/tenent-healthcare-corp-improves-returns.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-7659727541888724550Wed, 29 Jul 2009 16:33:00 +00002009-07-29T12:37:02.278-04:00Accountin gmastersAccounting degreesAICPA Trends Reportpharma dollars and sensePharma Financial ForumThe Journal of AccountancyAccording to an article at The Journal of Accountancy, 66,000 Masters or Bachelors degrees were awarded to accounting graduates in the 2007-2008 school year. This is up 3.5% from the 2006-2007 academic year. Read some of the other findings in the AICPA 2009 Trends Report here.http://pharmadollarsandsense.blogspot.com/2009/07/number-of-accounting-degrees-is-up.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-3963845549508490526Tue, 28 Jul 2009 20:31:00 +00002009-07-28T16:36:38.318-04:00Accounting rule changesAccounting rulesCredit crisisFinancial Crisis Advisory Boardpharma dollars and sensePharma FinancePharma Financial ForumAccording to the AP, The Financial Crisis Advisory Group has stated that changes in accounting rules did not cause the most recent credit crisis. They did state that there are weaknesses in the application rules that may reduce the credibility in the financial reporting. To see all of their current views, please read the article here.http://pharmadollarsandsense.blogspot.com/2009/07/current-financial-crisis-not-caused-by.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-7669892896395544498Mon, 27 Jul 2009 18:40:00 +00002009-07-27T14:45:11.178-04:00Accounting rule changesBloombergJaguarLand RoverPharma FinancePharma Financial ForumTata MotorsAccording to Bloomberg, Tata Motors, who won Jaguar and Land Rover, saw an increase in profit after the Indian government changed accounting rules. They allowed companies to alter provsions for mark-to-market losses in foreign currency loans. This resulted in a profit rise of 58%. Read more here.http://pharmadollarsandsense.blogspot.com/2009/07/tata-motors-profits-rise-after-change.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-4246856374983994330Fri, 24 Jul 2009 19:04:00 +00002009-07-24T15:09:28.622-04:00Bank of AmericaChief Accounting OfficerGlobal wealth investmentInvestment management firmNeil CottyPharma FinancePharma Financial ForumYesterday, Neil Cotty was named the new Chief Accounting Officer at Bank of America. His previous position was chief financial officer at a global wealth and investment management firm. Read more about their new selection here.http://pharmadollarsandsense.blogspot.com/2009/07/bank-of-america-has-new-chief.htmlnoreply@blogger.com (Anonymous)0tag:blogger.com,1999:blog-510410376109552611.post-2013889046448832458Wed, 22 Jul 2009 17:50:00 +00002009-07-22T13:56:23.717-04:00balance sheetsCFOEquipment leasingFASBLease accountingPharma Financial ForumPlant leasingProperty leasingAn article at CFO updates us on the current progress of an accounting rule that could change the way companies account for leases. Any company that leases plants, property or equipment would be responsible for FASB predicts this new rule will be in place by 2011.Under the current rule, companies distinguish between capital lease obligations, which appear on the balance sheet, and operating http://pharmadollarsandsense.blogspot.com/2009/07/accouting-for-leases-may-change-soon.htmlnoreply@blogger.com (Anonymous)0