Latest threads in General Accounting | best threads

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INTERNATIONAL ACCOUNTING STANDARDS? Never Happen ...
"In a recent report, Moody's wrote that the backdating provision could distort a bank's earnings and capital position, since "it allows managements to 'cherry-pick' selected assets" and "distort their...
11 years ago 1
 
Accounting information
Accounting information
11 years ago
 
A company could be engaging in a pyramid scheme and still have GAAP financial statements, right?
I'm not saying it makes it right or that it really matters so much, but I'm just curious really... these investors in the Maddoff case were told they would receive X% per year "return" on their...
11 years ago
 
CPA review material marketplace?
HI Ii'd like to buy used CPA exam review materials. Ebay doesn't allow selling these materials, is there a marketplace for them somewhere else? thanks
11 years ago
 
Questions on the IPO of Google
Google's IPO price was only $85/share on around August 2004, but within a year, its share price was over $290/share. Apparently, they should have IPO'd at a much higher starting price. By doing so,...
11 years ago 3
 
Start-up S-Corp 1st year tax returns
A friend of mine formed an S-Corp in Virginia about a month ago. He used an attorney to set it up. He also met with an accountant first, so he and they were clear that an S-Corp was the best entity...
11 years ago 2
 
Outsourcing Accounting Services
All successful business owners understand the significance of a proper accounting system and that’s why they ensure to employ the most efficient accounting team in their organization. Taking the...
11 years ago
 
revised irs miliage rates......
Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 55 cents per mile for business miles driven 24 cents per mile driven for...
11 years ago
 
Record share capital
A private company issued 10000 common shares when it set up. The face value is $10. No body collected the funds. If so, how to record the share capital, credit common share, debit what? Any ideas?
11 years ago
 
taxes and garnishment
back in 1990-1993 and again in 2000-2001, I worked in California but still kept my main residence in Arizona and files Arizona tax forms recently found out that my paycheck was 25% less than I...
11 years ago
 
Captial Asset Liquidation
I'm not sure if this is an appropriate newsgroup to ask this question. I'm asking the following question to you as a starting point: I'm involved in making a decision of whether or not to acquire a...
11 years ago 1
 
Failing economic conditions won't affect Miley5.net float
If continues with its decision to float on the stock market, failing economic conditions shouldn't affect its ability to raise its 250,000 required shares. In fact, because of the talks of an AOL Time...
11 years ago 1
 
Miley5.net - How will the IASB Forum affect its valuation
The IASB is very much dedicated to an increasing reliance on fair value. Obviously, one of the issues backdating to Roosevelt's "New Deal" was overvaluation of assets and revenues (and undervaluation...
11 years ago
 
Someone Must Have Benefitted from Societe Generale's Trading Loss
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...
11 years ago 3
 
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...
11 years ago 9