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Accounting

Forensic Accountants Dig Through George Washington's Financial Records

Washington Post | Joel Achenbach | Posted 10.12.2009 | Business

Read More: Papers of George Washington, History, Mount Vernon, Accounting, George Washington, Washington, Forensic Accountants, Financial Records, Uva, Business News

One day in 1791, President George Washington received a bill for 60 pounds, 1 shilling and 7 pence from his physician friend James Craik, who regularl...

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Information Asymmetries Part 1

Leslie Pratch, Ph.D. | Posted 08.25.2009 | Business

Read More: Transparency, Sec, Economic Stimulus Package, Credit Cards, Subprime Mortgages, Accounting, Business News
Leslie Pratch, Ph.D.

If parties are not mutually and equally well informed, those with more information are likely to wind up with all of the wealth and those with less information will wind up with none of the wealth.

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Ryan Grim

Accountants, Washington Helping Banks Fluff Profits

HuffingtonPost.com | Ryan Grim | Posted 06.28.2009 | Business

Read More: Business, Financial Accounting Standards Board, Accounting, Fasb, Transparency, Business News

Look for another rosy round of profits when banks turn in their numbers for the second quarter ending in June when it will be legal for them to improv...

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Higher Valuation Allowed for Brooklyn Bridge-Backed Derivates

Larry Arnstein | Posted 05.06.2009 | Business

Read More: Assets, Taxpayers, Brooklyn Bridge, Accounting, Citigroup, Business News
Larry Arnstein

According to investment bankers, the Brooklyn Bridge can be assessed at its value at some future time, not precisely estimated, but agreed to be "not soon."

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Fair Value Accounting Is Back -- Was It Here All Along?

Jeremy Newman | Posted 04.04.2009 | Business

Read More: De Larosiere Report, Financial TImes, Phoenix, Fair Value Accounting, Banks, Frank-Walter Steinmeier, Accounting, Business News
Jeremy Newman

Frank-Walter Steinmeier, the Social Democrat candidate to be the next German Chancellor, has a new take on Fair Value Accounting. He criticized it and said it had encouraged risk taking.

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Human Capital -- an Asset, Not Just an Expense

Doug Struck | Posted 03.13.2009 | Business

Read More: Newspapers, CEO Pay, Unemployment, Finance, Ceos, Economic Crisis, Corporate Greed, Newspaper Industry, Death of Newspapers, Harvard University, Accounting, Stimulus Package, Journalism, Recession, Business News
Doug Struck

Economists use the term "human capital," but nowhere in accounting principles are people counted as an asset -- only as an expense.

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Deloitte Sues Its Own Vice Chairman Over Trading Scandal

Ryan Blitstein | Posted 12.07.2008 | Chicago

Read More: Deloitte, Thomas Flanagan, Financial Crisis, Accounting Scandal, Accounting, Deloitte & Touche, Economy, Thomas Flanagan Deloitte, Deloitte Lawsuit, Big Four Accounting, Thomas Flanagan Scandal, Chicago News
Ryan Blitstein

Here's an item from the "stories buried by the onslaught of election news" department: Big Four accounting firm Deloitte & Touche sued Thomas P. Flanagan, a partner for 30 years, in Delaware court last week.

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Gretchen Morgenson Takes a Scab Off Wall Street

Stephen C. Rose | Posted 11.27.2008 | Business

Read More: Phil Gramm, Barack Obama, Economy, Derivatives, Financial Crisis, Business, Accounting, Wall Street, Morgenson, John McCain, David Corn, Business News
Stephen C. Rose

These economic notes are consistent with the conviction that Barack should steer clear of advisers who were taken in by, or complicit in, the rape of regulation of the last decade.

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