Wednesday, January 24, 2018

The US SEC Needs To Inform Companies Reporting Their December 2017 Quarter Earnings To Them That They Should Show a Breakout of the Components of the 2017 Trump Tax Bill Impact on Their December 2017 Quarter Earnings Somewhere in the Earnings Release ...................................................................................... I have Already Reviewed More Than 100 of these December 2017 Quarter Earnings Releases and More Than Half of Them Have Not Shown Current Period Components ...................................................................................... To Illustrate Why This Is Important to an Investor, There is a Substantial Difference Between the Tax Expense Due to Foreign Earnings Repatriation and the Tax Expense Reflecting the Loss in the Value of a Deferred Income Tax Asset. The first one is usually very positive to an investor and the second one is very negative to that same investor. ...................................................................................... Then Netting as one amount a key, materially relevant Tax Expense Item With a key, materially relevant Reduction in Tax Expense Item is Clearly Misleading to an investor. ...................................................................................... The US Won't Keep Its Presently #1 Status as the Best Financial Reporting System in the World, If the SEC Doesn't Require Companies to be very transparent in their reporting of the details of a key, typically very significant amount impacting current quarter earnings like the Impact of some of the Individual Components of the Trump Tax Bill on 4Q 2017 Bottom-Line Earnings ....................................................................................... Investors Buy and Sell Common Stocks Based on key information contained in Quarterly Earnings Releases. ....................................................................................... And the FASB Should Also Weigh In on This Critical Disclosure Issue in the December 2017 Quarterly Earnings Releases