The measurement issues in financial reporting

First, a new web-based format see below that is easy to access and navigate; and second, the traditional PDF format. This Manual was originally prepared by the staff of the Division of Corporation Finance to serve as internal guidance.

The measurement issues in financial reporting

With integrated workflows from data consolidation, return calculation, to analysis and reporting, the Eagle Performance suite provides you with an enterprise-wide solution that centralizes your performance measurement process.

Achieve greater efficiencies across your organization without added infrastructure costs. Eagle Performance was built on an industry-leading platform proven to help solve inherent data quality and accessibility issues. The package includes connectors with industry standard data vendors to provide the data you need to properly analyze performance.

If you manage assets, you need to frequently track performance—daily or monthly—for individual or groups of portfolios at various levels such as security, sector and total portfolio level. Accounting, pricing and corporate action data issues can significantly impact return calculations, creating the need for tools that can monitor the calculation process as well as identify, fix and recalculate inaccurate returns.

Adding to the existing challenges of calculating performance are the demands to integrate multiple accounting systems, automate complex workflows, calculate daily returns and support global performance operations.

Eagle Portfolio Performance automates the performance calculation process. It aggregates data from accounting systems and reference and index data sources, calculates daily or monthly returns at various levels and stores those returns in a database that can be accessed by reporting tools and downstream systems.

Tools within the calculation solution also let you configure and monitor the process, helping you identify, fix and recalculate incorrect returns.

Daily reporting requirements do not allow time for restatement of performance. Operational risk and lack of transparency make it difficult to manage calculations and workflow. Eagle provides various reporting options with automated workflows to meet auditor, fiduciary and fund fact sheet reporting requirements.

Included in the system are automated account to composite assignments, facilities to establish and modify composites, extensive reporting and analysis features and prospect -facing reports.

Robust business process tools are also available to support the composite assignment, approval, disclosure management and verification workflows.

Various trends—increased asset securitization through fixed income instruments, growth of alternative assets, market fluctuations, concerns about derivatives exposure, and a renewed focus on risk management—have driven significant demand for attribution analysis.

Specific models are available to align with investment type, including: Depending on your investment mandate, Eagle offers true flexibility to compare analysis to index or custom classifications groupings.

Eagle also supports transaction-based analysis that ties attribution results to official performance results. Tracking performance involves maintaining portfolio-benchmark relationships, storing daily or monthly returns for individual benchmarks, calculating custom benchmarks appropriate to portfolio strategies, and calculating custom classifications.

Issues with returns and classifications from various index providers can significantly impact the process. Managing data sourced from multiple benchmark providers can be very challenging.

Custom benchmark functionality lets you aggregate and disaggregate index data using industry standard algorithms. Accurate and timely portfolio performance reporting is critical for your marketing, client communications and ad hoc analysis.

Multilingual reporting supports your global business needs. Market volatility and client retention activities demand ad hoc analysis. Flexible reporting and publishing tools let you review portfolio performance and evaluate data from a summary overview to a detailed, rigorous analysis, by filtering out securities dynamically.View FASB Accounting Standards Updates Issued In Update —Codification Improvements to Topic , Financial Instruments—Credit Losses; Update —Collaborative Arrangements (Topic ): Clarifying the Interaction between Topic and Topic ; Update —Consolidation (Topic ): Targeted Improvements to Related Party Guidance for Variable .

Business sustainability is often defined as managing the triple bottom line - a process by which companies manage their financial, social and environmental risks, obligations and opportunities. The fundamental premise of FASB Statement of Financial Accounting Concepts No.

5 (CON 5), “Recognition and Measurement in Financial Statements of Business Enterprises” (FASB, ) is that the issuance of financial statements is central to financial reporting, and that the recognition and measurement criteria for inclusion of elements (e.g.

assets, liabilities, equity, revenues and expenses) . The report also argues that standard-setters' decisions on financial reporting measurement should be subject to the same principles of good regulatory practice as other forms of regulation. This implies a significantly more evidence-based approach to measurement issues than has typically been the case hitherto.

The Problem. Despite tightening financial regulations, such as Sarbanes-Oxley and Dodd-Frank, investors, board members, and executives are still unable to rely on financial statements in order to.

The FASB’s mission is to establish and improve financial accounting and reporting standards to provide useful information to investors and other users of financial reports.

The measurement issues in financial reporting
Academics: Help Us Improve Financial Reporting