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Browsing All posts tagged under »IFRS«
The cost of the IFRS Lease Capitalization initiative: A hold-up of small business in America
February 1, 2011
The more I investigate the IFRS proposal to capitalize leasing the more I am convinced that this is nothing more than a fee creation scam that will ultimately and perhaps in certain instances irreparably harm small-medium enterprises in America. Like the fear mongering associated with the Y2K bug, where copious amounts of money were spent […]
The Capitalization of Leasing or How Accountants Generate Fees in a Bad Economy
January 31, 2011
What is better than 20 lawyers at the bottom of the ocean . . . 21 accountants! In what can only be described as a blatant attempt to create something out of nothing at all, instead of love like Air Supply the International Financial Reporting Standards “IFRS” is looking to create money by changing the rules […]
Procurement Insights 
Interview reveals that it is the unknown consequences (and costs) associated with lease capitalization that poses the greatest threat to small business
February 15, 2011
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Sometimes the most powerful insights come in the smallest packages, or in this case shortest interviews. This morning on the PI Window on Business I had the opportunity to talk briefly with subject matter expert Michael VanderGoot CPA, who is a Senior Compliance Officer at BC Compliance Group, LLC about the IFRS move towards establishing […]