<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/100cda50-b0e4-419e-8fa0-de76ea3f2e4e/7721A389-397E-42BC-B853-E9E2116341F1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://online.wsj.com/article/SB117893520139500814.html?mod=googlenews_wsj" href="http://online.wsj.com/article/SB117893520139500814.html?mod=googlenews_wsj" style="font-size: 11px;">online.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB117893520139500814.html?mod=googlenews_wsj"><H1 class="articleTitle">Profit as We Know It Could Be Lost With New Accounting Statements</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB117893520139500814.html?mod=googlenews_wsj"><P class="times">Pretty soon the bottom line may not be, well, the bottom line.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB117893520139500814.html?mod=googlenews_wsj"><P class="times">In coming months, accounting-rule makers are planning to unveil a draft plan to rework financial statements, the bedrock data that millions of investors use every day when deciding whether to buy or sell stocks, bonds and other financial instruments. One possible result: the elimination of what today is known as net income or net profit, the bottom-line figure showing what is left after expenses have been met and taxes paid.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB117893520139500814.html?mod=googlenews_wsj"><P class="times">Another possible radical change in the works: assets and liabilities may no longer be separate categories on the balance sheet, or fall to the left and right side in the classic format taught in introductory accounting classes.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB117893520139500814.html?mod=googlenews_wsj"><DIV class="arial black p11" id="inset"><SPAN class="b13">ACCOUNTING OVERHAUL</SPAN> <DIV> </DIV> <A href="http://online.wsj.com/public/resources/documents/WSJ0507-fasac_march07.pdf" class="p11" linkindex="48"><IMG width="44" vspace="0" hspace="0" height="48" border="0" align="right" alt="[Go to Online Today]" class="imgrgtins" src="http://online.wsj.com/public/resources/images/it_calculator06142005154845.gif" /></A> <DIV class="p11">Get a glimpse of what <A href="http://online.wsj.com/public/resources/documents/WSJ0507-fasac_march07.pdf" class="p11" linkindex="48" set="yes">new financial statements</A> could look like, according to an early draft recently provided by the Financial Accounting Standards Board to one of its advisory groups.</DIV> </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7721A389-397E-42BC-B853-E9E2116341F1/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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