Accounting
Accounting Articles
From AAO Weblog A few years ago, the SEC used to have “We are the investor’s advocate” plastered in various prominent spots of its website – like the home page, for instance. No more. The SEC...
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From AAO Weblog And they’re not the only ones setting the controls of the WABAC machine for the early 1990’s. Sherman and Mr. Peabody, the dog and his boy who went back in time to fix mistakes in...
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From AAO Weblog Upfront disclosure: the PCAOB is a subscriber to The Analyst’s Accounting Observer. (But that doesn’t mean I know any more about them than you.) The PCAOB issued an unusual kind...
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From AAO Weblog Last Wednesday, the SEC filed a civil action against three former officers of ConAgra Agri Products Companies, a unit of ConAgra: former president and COO, James Blue, former North...
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By William Trent, CFA of Stock Market Beat Xerox Reports Fourth-Quarter 2006 Earnings: Financial News – Yahoo! Finance Xerox Corporation (XRX) announced today fourth-quarter 2006 earnings per share...
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From AAO Weblog Trimas, the maker of engineered products, filed a nonreliance 8-K last Wednesday because it had previously overestimated the lives of unnamed customer relationship intangibles in all...
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From AAO Weblog It’s been a while since one of these showed up: a derivatives accounting restatement. This morning, General Electric Capital filed a non-reliance 8-K on in its 10-Ks and 10-Qs for...
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Apple (AAPL) has apparently pointed a finger at inside attorneys as the fellows who did most of the options backdating work that is now under investigation. But, the company may have run out of...
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From AAO Weblog Little Biophan Technologies (current market cap: $45 million) posted one of the more quirky non-reliance 8-Ks in recent history. The quirk is in the effect of the restatement...
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From AAO Weblog In a non-reliance 8-K filed yesterday, Applied Signal Technology joined the long look back crowd. The firm will be slapping the nonreliance label on its financials issued between 2000...
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From AAO Weblog … they bite. Hard. Then they go away into the night. Outdoor Channel Holdings, Inc. filed a non-reliance 8-K on January 9, putting its 2005 fiscal year filings and subsequent 2006...
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From AAO Weblog Maybe we can call it “Sarbitching.” Shutterfly chairman and Silicon Valley legend Jim Clark resigned on January 1, and his resignation letter was attached to this 8-K filed on...
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From AAO Weblog It’s been a while since I mentioned the way, way back option restaters. Here’s a new one in the fold: THQ, Inc., who filed a non-reliance 8-K on January 9 outlining the extent of...
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From AAO Weblog Warning: this post is sort of a Seinfeld episode – a show sometimes described as “a show about nothing.” One of the strangest non-reliance 8-Ks I’ve ever seen was filed by...
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From AAO Weblog Last June, the FASB released an interpretation of Statement No. 109, which deals with income tax accounting. It was called Interpretation No. 48 (catchy, eh?), “Accounting for...
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