[lemma=that] | [□ | □]
[lemma=that] | [□=□ | □]
[lemma=that] | [□ & □ | □]
The FASB 's clear preference in this standard , leaving aside cash flow hedging , is for derivative instruments to be fair valued with changes running through the P & L. After all , having to look for the 180 plus places in GAAP that reference revenue recognition is a chore none of us need . The Commission and the PCAOB made clear in our May 15th guidance on internal control over financial reporting the importance of this communication in getting it right the first time and that neither the internal control process nor our independence rules preclude this type of dialogue . ( If that had happened two or three years earlier , it might have led to something interesting , although I hate to think what her lawyer husband might have done to me in court if he had caught us in flagrante delicto . This company assumed that it did not need to assess or measure ineffectiveness because it had met the " spirit " of the shortcut method . Aside from the necessity to explain a companies ' business activities , management also needs to provide financial statements and discuss results of operations , cash flow , liquidity and financial condition in MD & A. Remember , reporting is a communication exercise , not a compliance exercise . " You will never learn ballet or any other kind of dance just by reading about it ; you will never learn a step that way . This has been summed up as the rollover versus iron curtain debate . Ballet shoes are normally either black or white . Since employee options have terms that usually extend for several years or more , we understand that some companies may be hesitant to use an implied volatility measure derived from traded options that typically have terms of 2 years or less . The Planet PDF team gives you the quick wrap , explores the key new features - - including PDF creation , commenting & reviewing , file optimizing , document searching , adding stamps and text - - and explains feature by feature the differences between Professional and Standard versions . Visit the Planet PDF Tips & Tricks archive for Planet PDF 's archived articles . Another reminder about MD & A : Material cash settlements should be discussed so investors understand what you received , why you received it , what you plan to do with it , how it 's been presented on the cash flows statement , and the impact on reported earnings .