Earlier we told you about the FASB Codification that is rolling out next week. This is new to some of you because, well, you probably haven't left the office since before W. was still throwing keggers at the WH.
Because we're in a festive mood and we because we have about zilch interest in what the FASB has in mind for naming the new rules, we're inviting you, our brilliant readers to give some of your suggestions for the new rules.
For example, what will FAS 5, Accounting for Contingencies become? Our suggestion: Codification Rule #5 - Shit Hits the Fan Accounting.
Go!
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Wednesday, June 24, 2009
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