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C » Topics » Changes in accounting standards can be difficult to predict and can materially impact how Citigroup records and reports its financial condition and results of operations.

These excerpts taken from the C 10-K filed Feb 27, 2009.

Changes in accounting standards can be difficult to predict and can materially impact how Citigroup records and reports its financial condition and results of operations.

Citigroup’s accounting policies and methods are fundamental to how it records and reports its financial condition and results of operations. From


 

48

Table of Contents

 

time to time, the FASB changes the financial accounting and reporting standards that govern the preparation of the Company’s financial statements (e.g., see for example “The elimination of QSPEs from the guidance in SFAS 140 and changes in FIN 46(R) may significantly impact Citigroup’s Consolidated Financial Statements” on page 48). These changes can be hard to predict and can materially impact how Citigroup records and reports its financial condition and results of operations.

Changes in accounting standards can be difficult to predict and can materially impact how Citigroup records and reports its financial condition and results of operations.

Citigroup’s accounting policies and methods are fundamental to how it records and reports its financial condition and results of operations. From


 

48

Table of Contents

 

time to time, the FASB changes the financial accounting and reporting standards that govern the preparation of the Company’s financial statements (e.g., see for example “The elimination of QSPEs from the guidance in SFAS 140 and changes in FIN 46(R) may significantly impact Citigroup’s Consolidated Financial Statements” on page 48). These changes can be hard to predict and can materially impact how Citigroup records and reports its financial condition and results of operations.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2009

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