Mark to Market Accounting 'True North' in Financial Reporting [Paperback]

This Volume, edited by Peter W. Wolnizer, Professor of Accounting at the University of Sydney, makes available the collected writings of Walter P. Scheutze, a senior accounting practitioner. The articles, speeches and letters collected here probe the most fundamental problems of corporate financial reporting, cogently arguing the case for accounting reform and proposing well-informed solutions to these problems.

Foreword: The Honourable Justice Kim Santow

Letter from Mr Fred Talton

Walter P. Schuetze: Accounting Reformer

Walter P. Schuetze: An Autobiography

Part 1: Schuetze on Accounting for Assets and Liabilities

Articles

I. Walter Schuetze on Keep It Simple

II. What is an Asset?

III. What are Assets and Liabilities? Where is True North? (Accounting that my Sister Would Understand)

Speeches/Addresses

I. New Chief Accountant's Wish List

II. Relevance and Credibility in Financial Accounting and Reporting

III. Why are We all Here Anyway?

IV. Accounting for Restructurings

V. Enforcement Issues, and Is the Cost of Purchased Goodwill an Asset?

VI. Cookie Jar Reserves

Letters/Submissions

I. Financial Instruments

II. Accounting for Transfers of Receivables (Tom, Dick and Harry)

III. Discount Rate re Cash Outflows for Nuclear Decommissioning and Environmental Remediation

IV. Discount Rate for Pension Liabilities

V. Exposure Draft E25: Impairment of Assets

VI. Exposure Draft E59 on Provisions, Contingent Liabilities and Contingent Assets

VII. Exposure Draft E60 on Intangible Assets and E61 on Business Combinations

VIII. Business Combinations and Intangible Assets

IX. Accounting for the Impairment or Disposal of Long-Lived Assets and for Obligations Associated with Disposal Aclãj