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Accounting

Human Capital -- an Asset, Not Just an Expense

Doug Struck | Posted 05.25.2011 | 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 05.25.2011 | 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 05.25.2011 | 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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