RT Journal Article
SR Electronic
T1 A Software Developer's View Into FAS 133
JF Special Issues
FD Institutional Investor Journals
SP 31
OP 33
VO 2001
IS 1
A1 Keith F. Bergman
YR 2001
UL https://pm-research.com/content/2001/1/31.abstract
AB As the FASB and the Derivatives Implementation Group have revised the implementation requirements for FAS 133, they have forced many vendors to spend enormous amounts of research and development on a moving target. Corporations that have rushed to build spreadsheet solutions are feeling the same “keeping up” burden. But it is only a matter of time before some unlucky company has a P&L or audit mishap due to spreadsheet FAS 133 workaround practices. This is why, as things stand now, vendors see solutions in terms of “the basics,” “the extras,” and “low-cost delivery.”