Latest General Accounting

Subject Author Posted Replies
How does Citibank "sell all or part of itself"?
If they sell part of their current operation, they get money for that part they sell, and that cash becomes part of their assets. It they sell the whole lot, the shareholders get the money. Ohhh!!!! D...
11 years ago 9
Proving that the corporations 32% in taxes, and employee costs are minimal (~10%)
Right. And consumers have never paid taxes, since whatever they submit to government is paid for by corporation whose sales go down due to consumers not having those dollars to spend. So corporations ...
11 years ago 29
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 "Lynn...
11 years ago 4
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 b...
11 years ago 6
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11 years ago
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 under...
11 years ago 1
Insights/Questions about the macroeconomics of Societe Generale's Rogue Trader
11 years ago
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. 2.7182818284590...
11 years ago 1
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 "mun...
11 years ago 8
Differences between CDOs and CMOs?
They both are repackaged MBS that are 'tranched'. So what are the differences? Essentially CMOs are about mortgages, CDOs are about debt in general.
11 years ago 1
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 t...
11 years ago 1
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) I'v...
11 years ago
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 entr...
11 years ago 3
Taxation & Audit Jobs for CPA
11 years ago
Need for accounting data
Dear All, I need historical data for my academic research. Any helps will be very much appreciated. I was not able to find it yet. Maybe, you can point to some free or paid services for this. - I supp...
11 years ago 2