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Preliminary Analytics | 11.16.09

accountant.jpgStudy Suggests Accounting for Contingencies Needs Help – Environmental liabilities aren’t reflecting the actual cash paid. [Compliance Week]
Bankruptcy Rise Slows With Thaw In Lending – “Now corporate failures have slowed, as companies once on the verge of default have found a new life. These companies are now refinancing their balance sheets with new debt, pushing out maturities on existing loans or using distressed-debt exchanges to avoid a bankruptcy filing.” [WSJ]
GM to begin repaying government loans – “[GM] reported a positive operating cash flow of $3.3bn, but cautioned that this would not be repeated in the fourth quarter and that its cash reserves would be ‘materially lower’ at the end of the year.” [FT]
Xtremely restless: Recession intensifies Gen X’s ‘middle child’ syndrome, urge to job hop – Let’s just blame everything on the recession, shall we? [CT]
Should paid sick days be the law? – Or maybe going to work sick should be against the law. [NYDN]