I don't quite remember when I first learned about the concept of materiality, but my […]
Category: Financial Reporting
Stop Worrying So Much About Non-GAAP Measures
A long time ago, in an accounting classroom far, far away, I heard one of […]
Overstock.com Stockpiling Gold Just in Case
In case you've been pining for some Overstock.com coverage (oh, just admit it!), here's an […]
IBM: We Mind the GAAP
IBM disclosed an investigation into its revenue recognition today but isn't worried too about it: […]
Company Accused of Being ‘Pharmaceutical Enron’ Doesn’t Appreciate the Sentiment
When people ask, "Is so-and-so the next Enron?" they usually don't make a strong case […]
This Blog Combining Accounting Standards and the Work of H.P. Lovecraft Is the Greatest
Although I'm woefully unfamiliar with H.P. Lovecraft's work, I am aware of his reputation as […]
Only 20% of Companies Using Creative Accounting to Its Full Potential
Here's a study (via Broc Romanek) that surveyed 400 CFOs on the misrepresentation of earnings. […]
IASB Can Take a Hint, Will Delay New Revenue Recognition Rules
After releasing its proposal to delay its revenue recognition rule back in April, the IASB […]
SOX Approaching Teens, Behaving Accordingly: Survey
That is, taking up a lot more of companies' time and money: Nearly 13 years after […]
Hertz’s Accounting Errors Get Worse, Could Get Worser
Crappy car rental company Hertz's accounting problems are worse than they thought. The total errors […]
Who Puts “USGAAP” on Their License Plate?
It's nice to see a little national accounting pride, I guess: A few suspects: Christopher […]
Toshiba Restating, Concedes That Restatement Could Be Restated
A "special task force" assigned by Toshiba Corp to look into accounting irregularities found that […]