balance sheet

Investors look to balance-sheet numbers for a range of purposes.

The motives for balance-sheet manipulation frequently relate to reporting requirements established by lenders, rating agencies and regulators who tend to focus more heavily on balance-sheet items.

Under a third approach, for example, when the tax basis exceeds the financial statement carrying amount of an asset or liability measured at present value, the related temporary difference would be scheduled to result in future taxable or deductible amounts either (i) on the first day of the year subsequent to the balance-sheet date or (ii) based on the present value or future cash flows (Approach B).

For instance, the coverage afforded by the adverse-development cover may be broadened to include other balance-sheet items, such as other legal liabilities that are not reinsurable on a stand-alone basis.

Even cycles of financial speculation and excess are likely to be dampened because of the heightened concern for balance-sheet rectitude.

The improvement stemmed from ongoing efforts to streamline operations and enhance productivity and to reduce balance-sheet leverage and interest costs.

When identifying and measuring impairment, we need to look at the fair value of that asset at subsequent balance-sheet dates.