Latest threads in General Accountingshow only best voted threads

Subject Author Posted Replies
 
Someone Must Have Benefitted from Societe Generale's Trading Loss
You made a good point. However, even a stock trader can trade a share of some DOW FUTURES for $5000, which implies that she/he feels that the value of the Dow would be 5000 at some point in the...
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How does Citibank "sell all or part of itself"?
On MSNBC today, they mentioned that Citibank, C, can sell all or part of itself. They also say that "an outright sale shouldn't be ruled out." What do they mean by this, since C is a publicly traded...
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Proving that the corporations 32% in taxes, and employee costs are minimal (~10%)
Proving that the corporations 32% in taxes, and employee costs are minimal (~10%) Today, I analyzed the 500 companies on the S&P 500 to quantify and qualify the index's metrics. Moreover, I also...
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Owner's Contribution - Corporation
Hi All, When a Corporation opens up a new business and makes a Deposit to the Business Account to open a brand new account. Do they post the Deposit towards "Owner's Contribution"? Thanks, Lynne
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What are the predictors of foreclosure rates?
I'm trying to ascertain for myself the depth of this housing crisis that we're in. I'd like to predict the foreclosure rate in the USA. However, I would also need the other informations: 1. What has...
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Pos Software
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Allowance for Doubtful Accounts
I'm confused when I look at a question about Allowance for Doubtful Accounts: "As the VP Finance, what action(s) would you take in light of the balance in the allowance for doubtful accounts?" I...
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Insights/Questions about the macroeconomics of Societe Generale's Rogue Trader
Jérôme Kerviel was a rogue trader at Societe Generale (SG). His trades cost the firm about $7.2B. However, there must have been a myriad of companies that profited from these trades. I would think...
 
Are Call Options on a Bond the same as a CDS?
Are Call Options on a Bond the same as a CDS? After all, mortgage payments are basically fixed income payments, except that in the former, principal is also paid and not just interest.
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Why aren't there such a thing as "Municipal Equities"?
Here's an idea: A town which needs money for capital expenditures raises money, but not via leverage. what would be the advantages and disadvantages of this? My idea envisions that owners of this...
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Differences between CDOs and CMOs?
They both are repackaged MBS that are 'tranched'. So what are the differences?
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Please explain: Net Income = -$129M, but Cash has decreased by $7.7B?
"DEARBORN, Mich. - Ford Motor Co. said Friday it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion in cash." What were the non-cash items which prevented...
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getting AccPac error
I'm a student with lots of experience using QuickBooks, Simply Accounting & MYOB. I'm taking a course in AccPac and purchased the Student Version of the software. Up until the last use (October 9)...
 
How to record 401k contributions
How do I record my wife's 401k contributions? It comes out of her gross pay but we don't see it in the checks. Furthermore here employer matches her contribution. How do I set this up in a double...
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Taxation & Audit Jobs for CPA
Hi I am a Chartered Accountant from India with four years of experience in taxation. I recently cleared CPA exams from USA. I am looking for good jobs in the taxation field, which matches my...