GLG News by Mr. Nitish Grover FCA, AICPA Intl Associate, Principal, Owner
GLG News is now G+ Insights
-
G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.
-
Convergence of Accounting Standards - Indian Perspective - Impact on global accounting practices
July 25, 2007
India to Internationalize Accounting Standards | www.webcpa.com
The accounting standards convergence movement has been going forward since 1975 when the International Accounting Standards Committee was formed. India started formulating its own standards based on the international standards shortly thereafter. In this analysis I look at the accounting standards convergence movement with specific reference to India, how it will impact the global flow of capital and why some countries will and some others will not follow commonly accepted global accounting standards.
-
WSJ - The Fountainhead and the Gail Wynand Effect - What is the future of Business News?
July 24, 2007
A family meets today to hear the complexities of a bid for Dow Jones | www.nytimes.com
As the battle royale for WSJ continues one waits with baited breath as to the direction which the ownership of this highly venerated journal is going to take. The significance of the transaction is great and can effect in several ways the manner in which news is reported, analyzed and deciphered. In this analysis I look at the effect of the Dow Jones Saga as it moves on.
-
The world of Voldemart and its relationship to CDO valuation and accounting fraud
July 18, 2007
Web abuzz over Potter Leak Claims | www.ft.com
The realm of CDO valuation has gained great significance in the public and accounting business landscape ever since two of the Bear Stearns hedge funds had a virtual collapse and the fall of New Century Financial. In this analysis I look at the relationship between CDO valuation and accounting fraud. Since I believe that a great deal of the relationship can be explained by the character of Voldemart in the Harry Potter stories I have given the specific name to this analysis.
-
Fair value - Securities valuation - CDO and Related Instruments - Valuation Conundrums
July 17, 2007
FASB to form resource group on valuation guidance issues | www.fasb.org
Valuation of derivative and other instruments is a contentious issue and SFAS 157 on fair value accounting has only increased the number of questions raised by preparers, auditors and users of financial statements. This analysis looks at the kind of questions which need to be answered in the context of the formation of the new resource group by the FASB.
-
July 12, 2007
London Seeks More Alternative Funds | www.ft.com
The US is doing everything possible to make life difficult for hedge funds and fund managers and in the form of tax and regulatory disincentives. Amsterdam and London are on the other hand using this opportunity to strengthen their own capital markets and avenues for investment. This analysis takes a look at the role and divergent trends in the area of capital markets and where this is going to lead the private equity and hedge fund trail.
-
Outsourcing - What keeps it going - The pro's, con's and future
July 9, 2007
Going Away | www.cfoasia.com
Outsourcing draws heated debates at different ends of the world. In the US, UK and western europe a sizable number view it as a loss of jobs to their home country. In countries like India it is seen as a panacea for poverty alleviation and a way to catch up with the developed world in terms of economic prosperity. What makes outsourcing tick however is not emotions but plain economics. In this analysis I look at the outsourcing phenomenon, where it is heading and what to expect - in plain simple profitability considerations.
-
July 9, 2007
Day to day doubts led to end of UBS Chief | www.ft.com
The continuing problems in the mortgage and subprime lending segment, the fall of Amaranth and now the ousting of the UBS chief ostensibly for the problems associated with the Dilton Read Capital Management hedge fund are all indicators of changing equations. In this analysis I look at the industry implications in the context of the changing scenario for the hedge fund sector and subprime mortgage segement and in a limited context with reference to UBS.
-
Private Equity - Capital Markets - Hedge Funds - How far will financial disintermediation Go?
July 6, 2007
The business of making money | www.economist.com
The nature of capital markets is metamorphosing. Companies do not prefer public money for the moment and prefer to go the private route. Private equity and hedge funds are the flavor of the day. The success of these Institutions and the relative decline of exchanges and other traded capital markets for large capital requirements raises a number of important questions. In this analysis I look at the changing equations and direction of private equity capital flows.
-
July 2, 2007
CDO's and Subprime Debt | www.ft.com
The subprime mortgage crises appears to have hit a large number of Institutions and individuals. New rules have recently been released asking lenders to give a 60 day notice period before an upward revision of interest rates for borrowers apart from several other safeguards for the home owner. This analysis looks at the nature of subprime debt, the way the new rules will further erode the value of CDO's and create further problems both for the borrowers and the Institutions involved in subprime lending and investing.
-
Auditors on the defensive worldwide - IV
June 25, 2007
Pwc withdraws Yukos audits | www.ft.com
Life for auditors across the globe is getting tougher. Technical areas like fair value and Sarbannes Oxley seem to be small matters compared to the impediments to independence. The latest case where a big four firm has withdrawn its audit reports over a ten year period just shows the kind of pressures that auditors operate under. In this analysis I take a look the direction of audit independence and quality in the face of virtually insurmountable official pressures.
-
The Dow Jones Sale - Shifting Power Centers?
June 25, 2007
Dow Sends News Corp Editorial Proposals | www.ft.com
The Dow Jones sale to News Corp seems to be moving. Other bidders have withdrawn and the Dow Jones board has now taken charge. In this analysis I take a look at the effects from the possible viewpoint of financial markets at the effect of this Dow - News Corp. merger - it it materializes.
-
The Collapsing Hedge Funds - Hedge Funds come closer to regulation
June 21, 2007
Bear Sterns Staves off collapse of 2 hedge funds | dealbook.blogs.nytimes.com
The recent collapse of two hedge funds run by Bear Sterns as well as Amaranth and LTCM some time back point to a growing malaise in this sector. I am reminded of the history of American banking and the year 1910 when JP Morgan stepped in to save the banking system and which finally gave birth to the Federal Reserve System a few years later. The 1930's saw the birth of the SEC. Now I think we are going to see the birth of a hedge fund regulator in some form or another. This analysis takes a close look at the form that this regulation is probably going to take.
-
Corporate Performance, Guidance, Stock Values and the Numbers Game
June 18, 2007
Call for end to Quarterly Guidance | www.ft.com
The ASPEN Institute is in the forefront of a movement alongwith AFL-CIO and over a 100 other companies to stop providing earnings guidance. The argument is that quarterly earnings guidance helps only hedge funds and arbitragers while harming the long term performance goals of the company. This analysis takes a look at this new movement which has been gaining ground for sometime now and is presently in the midst of a heated debate which is sure to involve the SEC and other regulatory authorities within the coming 12 months.
-
India and the Outsourcing Phenomenon - The Increasing Costs? - The Coming Decline?
June 13, 2007
Many 'undercurrent' on outsourcing in US | economictimes.indiatimes.com
Outsourcing to India is now a decade old story. The economic laws of comparative advantage may soon put a brake though not a stop to the outsourcing phenomenon. The first factor to consider is that the Indian rupee has now appreciated to a level of Rs 40+ to USD compared to Rs 44+ which it was earlier. This would automatically put a brake to commoditized outsourcing. At the same time India has high quality human resources in certain measure which will continue to attract outsourced jobs. In this analysis I look at the direction which outsourcing is going to take and its effects on profitability of companies such as Infosys, Wipro, TCS and others.
-
June 11, 2007
A big step forward on climate change | www.ft.com
This analysis examines the business implications of the decision of the G8 to start negotiations on a successor to the Kyoto protocol on climate change. This single decision with the United States agreeing to join the process and the observer countries like India, China and Brazil being part of the process will impact business costs and the development of nascent businesses like wind and solar power. It will also have implications for industrial enterprizes, transportation costs (including airlines and automobile industries).
-
Fair value - Earnings Quality - Audit and Accounting Conundrums
June 11, 2007
PCAOB:Can auditors handle fair value | www.cfo.com
Fair value measurements and disclosures have for the last few years been gaining importance as the basis of accounting statements. This is a far cry from earlier years when historical costs were considered the primary basis for accounting disclosure/measurement. For an intervening period inflation accounting became a talked about subject but never took off. This analysis looks at the fair value vs historical costs conundrum and how this effects accounting disclosures.
-
Global Warming - What are the business implications as America attempts to join the process
June 4, 2007
Bush in U-turn on global warming | www.ft.com
America has consistently avoided ratifying the Kyoto protocol and the mechanism it puts in place to control the environment. The pressure on the federal government has however been growing both internally and at a global level. As the G8 summit is about to commence the pressure is on America to make its contribution to global climate control. In this analysis I look at why it makes eminent business sense for America to start controlling its own pollution and how this will pressurize India, China and other countries apart from its healthy effects on corporate profits for American companies.
-
June 4, 2007
Bancrofts to discuss Dow Jones offer with News Corp | www.ft.com
The Dow Jones takeover battle is getting hotter and so is the battle for information control. While on the one hand is Dow with a century old record of award winning reporting on the other side is an astute businessman who knows how to realize the commercial value of news and information. In this analysis I look at where this takeover is heading and its implications.
-
NASDAQ-OMX - A look at global consolidation of Securities Markets - Where are we heading?
May 29, 2007
Nasdaq agrees to buy Sweden’s OMX for $3.7bn | www.ft.com
As I see it a great amount of M&A activity is taking place in securities markets. This consolidation is going to have its effect beyond borders and will have its effects on the manner in which securities, options and derivatives are globally traded. As yet this consolidation is taking place without major regulatory impediments. In this analysis I take a look at where this M&A activity is heading, the nature of hindrances to be expected and how securities, options, forex and derivative markets will be impacted by this.
-
CEO pay - The debate spreads - Implications for US companies doing business in India
May 29, 2007
CEO pay not always a function of performance | www.businessstandard.com
The salaries of corporate chiefs have always been a subject of reporting, conjecture and debate. Government's in India have also been for long in a control mindset and till a little over a decade back the salaries of corporate India were controlled by Government. The entire scenario has since changed and Indian corporate salaries are just as high comparatively as those in Europe or America. A recent speech by the Prime Minister has started a debate on salaries. Coming as it does in the background of the options and salaries debates and disclosures in the US this is bound to shakeup the salary structure in India and have some echoes across the oceans in America. This analysis takes a look at some aspects of the salaries verses performance debate.
- Subscribe to Updates
-
Leading institutions connect with Nitish Grover through GLG
Most Popular Accounting & Financial Analysis News
-
Sovereign and financial crises: Europe and the U.S.
January 18, 2012
-
How much longer can the Japanese Yen be a "haven currency"?
December 13, 2011
-
Not all bank tech vendors are equal
December 12, 2011
-
Eksportfinans downgrade surprises investors
December 5, 2011
-
Why wasn't Italy's situation spotted earlier? And what's next?
November 22, 2011
Gerson Lehrman Group, Inc. connects communities with knowledge through two distinct, yet complementary offerings: GLG Research and G+.