Accounting
Accounting Articles
If you are one of those who cannot stand Indian IT-outsourcing firms, you probably just got another feather in your cap. India’s Satyam Computer Services Ltd. (NYSE: SAY) is turning out to be a...
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American banks are still trying to move the goal posts in their favor on the accounting football field. Current rules govern how they set the value of assets on their balance sheets. The banking...
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The horses are off and running at Santa Anita. Banks cannot wait to get their hands on a new set of accounting rules that will almost certainly make their earnings look better. Taken to the extreme,...
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If you don’t like the game, change the rules. At least that is what the nation’s banks would like to have happen. They are making the case that if accounting practices were "correct", they would...
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The rule about scandals was set a long time ago. A company or individual can create a scandal. Government rules and regulations are, by definition, scandal-proof. They are sanctioned by the high...
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The SEC is proposing that US companies give up the GAAP standard which they have used for financial reporting for decades. American public corporations would move to the International Financial...
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Today is the Financial Analyst Meeting for Microsoft Corporation (NASDAQ: MSFT). This will run from 11:30 AM EST to 6:55 PM EST and it is open to the public. The good news is that Microsoft just...
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According to Reuters, small business sentivment is still shaky. Reuters writes that InBav may start Anheuher-Busch (BUD) takeover talks this week. Reuters writes that Asian central banks are propping...
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The New York Times brutalized the accounting industry today by suggesting that auditors should have caught bad numbers on the books of financial companies much earlier. The paper reports that...
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Starbucks Corp. (NASDAQ: SBUX) is holding its annual shareholder meeting today (playing right now), and with shares having slid more than 50% from highs it can’t be any shock that the home of...
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General Electric (NYSE: GE) issued its annual report, which Wall Street considers as a Bible for public companies. We normally peruse 10-k filings (annual reports) for all sorts of tidbits on...
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It is no great mystery that Warren Buffett of Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) is still one of the most followed and most revered "long term value investors" on the planet. Any time...
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SCO Group, Inc. (Pink Sheet-SCOXQ), formerly "SCOX," has filed its annual report. After you have seen the history of this company through the years, it is almost impossible not to wonder if this is...
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State Street Corporation (NYSE:STT) has announced that it will record a net after-tax charge in the fourth quarter of 2007 of $279 million, or $0.71 per share. The charge is to establish a reserve to...
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VeriFone Holdings Inc. (NYSE: PAY) saw shares crushed on the debut of 2008 as the company issued a year-end statement noting that its ongoing restatement process will cause a delay in its annual...
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