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Accounting

Morgan Stanley Faces Loss Due To Accounting Charge

AP | CHRISTINA REXRODE | Posted 06.19.2012 | Business

NEW YORK — Morgan Stanley reported earnings that far exceeded investors' forecasts Thursday, sending its stock higher even as the rest of the ma...

BofA Sees Profits Plunge

Reuters | Posted 06.19.2012 | Business

* Q1 EPS 3 cents vs 17 cents a year earlier * Accounting charges hurt results * Shares up 1.8 pct in early trading ...

Spring Cleaning for a Speedier Economic Recovery

Joel Brokaw | Posted 06.13.2012 | Business
Joel Brokaw

With the U.S. economy beginning to rebound, it is high time for businesses both big and small to get proactive and clean house of wasteful and counterproductive practices.

Teaching Entrepreneurship in Inner-City Schools

Rahilla Zafar | Posted 06.05.2012 | Education
Rahilla Zafar

Professor Weigelt of Wharton Business School speaks of the moral obligation elite universities have in helping provide opportunities, role models and improving education in inner-city communities.

Disgraced Company Says Core Business Still Strong Despite Scandal

Reuters | Posted 04.13.2012 | Business

(Adds dropped quote marks at the end of paragraph 4) * Scandal not seen having much impact on core medical ops * Potenti...

The Government's Secret War Against Small Business

Robert Levin | Posted 04.08.2012 | Small Business
Robert Levin

State tax auditors are being told to shake down local businesses to generate revenue. And while big businesses have internal tax specialists who can fight unjustified assessments, small businesses often have no choice but to pay since the cost to them of fighting back is so high.

HILARIOUS: 'Shopping Math?'

Laura Zigman | Posted 02.14.2012 | Women
Laura Zigman

"Creative Accounting" isn't just for big banks and big business! Anyone can do it!

Recent College Grad Dons "Hire Me" Sandwich Board

Turnstyle | Posted 01.16.2012 | College
Turnstyle

Photo: Tajah Jones/Youth Radio Alexander Monsanto wearing his "Hire Me" sandwich board in San Francisco. By: Sayre Quevedo Alexander Monsanto has ac...

Who Killed the Economy? Accounting Parasites

Bob Burnett | Posted 12.14.2011 | Business
Bob Burnett

Fixing the U.S. economy doesn't mean replacing capitalism with socialism -- that would bring another set of equally dire problems. The solution first requires taking parasitic accountants out of the corporate driver seat and replacing them with entrepreneurs.

Hiring Is Up For The Class Of 2011, But Previous Classes Still Struggle

The Huffington Post | Alexander Eichler | Posted 10.30.2011 | Business

Two years after the end of the Great Recession, the job market remains bleak, with millions unable to find work or no longer bothering to look. Th...

Look Out, Employers: Labor Shortages Could Give Workers The Upper Hand

The Huffington Post | Alexander Eichler | Posted 09.04.2011 | Business

The mining and software industries have at least one thing in common. A labor scarcity, or a shortage of skilled workers, could affect the profit marg...

On Sunk Costs and Love

Jane Pak | Posted 07.03.2011 | Los Angeles
Jane Pak

The professor asked one student, if she had been dating someone for 10 years and he decided he wanted to get married and she wasn't sure, would she take into consideration the 10 years invested?

National Hug-an-Accountant Month

Aaron Hurst | Posted 06.12.2011 | Impact
Aaron Hurst

I propose we dub this stressful time of year "National Hug-an-Accountant Month" in honor of the behind-the-scenes hard work these unsung professionals do for nonprofits and the community.

Musicians May Be Owed BILLIONS In Unpaid Royalties

David Kusek | Posted 06.07.2011 | Arts
David Kusek

If you are a recording artist or a manager and have been distributing music on iTunes under a deal with one of the big record labels, pay attention. ...

GE's U.S. Tax Bill? Zero

nytimes.com | Posted 05.25.2011 | Business

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States. Its Americ...

It's Annual Report Time, But Where's the Triple-Bottom Line?

Ed Lawler | Posted 05.25.2011 | Business
Ed Lawler

It is time to start demanding that organizations systematically report on their non-financial performance. A great place to start is with information about the state of their employees.

But What About Me? The Workplace Flexibility Gap

Kathleen E. Christensen | Posted 05.25.2011 | Business
Kathleen E. Christensen

It seems every day we read about a new company or industry that embraces workplace flexibility. Yet whenever we talk about workplace flexibility, the majority of American employees still ask, but what about me?

Lehman Auditors Charged With Fraud Over Questionable Accounting

Posted 05.25.2011 | Business

Prosecutors in New York are set to file civil fraud charges against accounting firm Ernst & Young over the collapse of Lehman Brothers, the Wall Stre...

The Bush Tax Cuts and the Republican Cult of Affirmative Action

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

Capitalists believe in rewarding success and punishing failure. Well, we have ten years of performance data on the Bush tax cuts, and they failed by every possible criterion.

Swiss Banker's Reaction to U.S. Treasury Hiding A.I.G. Loss

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

Goldman Sachs and JP Morgan are being subsidized by the Federal Reserve. Why can't the Fed instead subsidize Americans who want a job? How stupid do they think the American taxpayer is?

Suppose the Tax Cuts Expired

Dr. Philip Neches | Posted 05.25.2011 | Politics
Dr. Philip Neches

The simplest thing is to spend more on things that generate deductions. Give more to charity. Buy a new computer. Do more business travel: go more often, stay longer, upgrade accommodations.

Creating the PFM for Business Banking

Brett King | Posted 05.25.2011 | Business
Brett King

Business Internet Banking can become the platform for much more leverage with business clients, but today it is a very basic transactional platform. We need to shift it to become the PFM of business banking.

American Apparel: Rags To Riches To Rags Story?

The Guardian | Amelia Hill | Posted 05.25.2011 | Business

With sales down by 16% in its 279 shops globally -- 15 in the UK -- the company whose clothes were worn by the coolest kids across the world is now at...

Dell To Pay $100 MILLION To Settle SEC Accounting Fraud Charges

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Computer maker Dell Inc. is paying $100 million to settle civil charges that it fraudulently used payments from Intel to pump up it...

Bank Of America Makes $10.7 Billion Accounting Mistake

Bloomberg | David Mildenberg and Dakin Campbell | Posted 05.25.2011 | Business

Bank of America Corp., the largest U.S. bank by assets, said it wrongly classified as much as $10.7 billion of short-term repurchase and lending trans...