The Daily Interview: Figuring Out the Bottom Line in Earnings Reports

With the torrent of corporate earnings reports in the last few weeks, investors have been hearing a lot about accounting terms such as goodwill amortization and pro forma earnings. But what do these terms really tell us about a company's business?

Bob Willens Accounting and Tax Analyst Lehman Brothers

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To get some perspective on this topic, Daily Interview caught up with Bob Willens, an accounting and tax analyst and managing director at Lehman Brothers. Among other positions he's held are chairman of the committee on revision of the corporate tax laws, a part of the American Institute of Certified Public Accountants. ...