|  | | 2004 News and Press Releases | | |
HEADLINE NEWS:
FEI Outlines Top Ten Financial Reporting Challenges For 2005
Staff Writer
AccountingWeb.com. December 27, 2004
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EXCERPT: Financial Executives International has identified the top 10 financial reporting challenges for 2005. These challenges will impact the way companies manage their businesses, report their financial results, and compensate their employees. The challenges include: Stock option expensing….Complying with Sarbanes Oxley Section 404….Revenue recognition…. Assessing sustainability of tax benefits….Recording taxes on repatriated earnings….Accounting for Business Combinations….Expensing Inventory Costs…. Disclosing off-balance sheet items….Translating reports to XBRL….MD&A Guidance. … "The continuing and collective effort to improve the clarity, consistency and transparency of financial reporting as well as the continuing effort towards convergence with international standards promises to keep the CFO's job interesting and challenging in 2005," says Colleen Cunningham, President and CEO of FEI. |
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