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accounting standards

Food for thought at ASIC Summer School

Tue 02/03/10 - 08:22:31 vs6
Collins & Spencer Between light refreshments and evening drinks at the Grand Hyatt , attendees examined such topics as Hedge fund regulation: Taming the mythical beast and The quest for transparency: Exchange-traded equities and derivatives and The role of accounting standards in
Tags : smh.com.au, RON, Play, no doubt, monies, Media, Invest, insurance, futures, FSA, Exchange, Count, mythical beast, market supervision, light refreshments, obtaining property by deception, exemplary job, informal dinner, financial advantage, accounting standards, closed doors, light entertainment, financial obligations

Investors should ignore the spin

Wed 17/02/10 - 08:39:11 vs6
''Proportional EBITDA'', ''management adjusted earnings'', ''constant currency'', ''operational earnings'' and ''cash profits'' are phrases springing up in reports by some of the Australian Securities Exchange's larger companies. That doesn't mean there is anything wrong with the calculations
Tags : smh.com.au, title.Invest, Invest, Exchange, ebitda, EBITD, EBIT, decade, Commission, cash profits, audit committees, profit result, accounting standards, percentage share, misleading statements, larger companies, toll road, boardroom, viewpoint, lawsuits, news release, 5 million, bottom line

In business, it"s the buzz

Wed 17/02/10 - 08:36:32 vs6
February 18, 2010 ''Proportional EBITDA'', ''management adjusted earnings'', ''constant currency'', ''operational earnings'' and ''cash profits'' are phrases springing up in reports by some of the Australian Securities Exchange's larger companies. This doesn't mean there is anything
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Tags : smh.com.au, RON, Invest, Exchange, ebitda, EBITD, EBIT, decade, Commission, cash profits, audit committees, profit result, accounting standards, warning letters, percentage share, misleading statements, larger companies, boardroom, viewpoint, lawsuits, 5 million, bottom line, phrases, earnings

Summer in the city wins a short rollover

Mon 15/02/10 - 08:40:31 vs6
Illustration : John Shakespeare. The head corporate grime fighter, Tony D'Aloisio , will open the symposium, which will apparently ''provide a first-hand insight into the lessons learned from the crisis''. It is unclear whether ASIC has scheduled the summer school in autumn as
Tags : smh.com.au, Repo, Property, Invest, Exchange, executive remuneration, hand insight, twin peak, accounting standards, light entertainment, corporate governance

Obama moves to rein in Wall Street banks

Fri 22/01/10 - 04:51:26 vs6
Aims to end 'too big to fail' banks "Will limit excessive risks, protect taxpayers" US President says he's ready to fight Wall St PRESIDENT Barack Obama unveiled plans overnight to limit the size and scope of US banks and finance firms in a new assault on the Wall Street
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Tags : news.com.au, title.Wall Street, Wall Street, RON, great depression, dow jones industrial average, ceo, private equity funds, finance institutions, finance firms, excessive risk, finance sector, excessive growth, accounting standards, irresponsibility, economic crisis, financial instruments, hedge fund

Infosys Net Beats Estimates on Orders, Lifts Forecast (Update2) - Bloomberg.com

Tue 12/01/10 - 11:51:25 vs6
Revenue for the full year will rise as much as 2 percent to $4.76 billion, Bangalore-based Infosys said today, changing its previous forecast for a drop of as much as 1.3 percent. Net income as per Indian accounting standards fell 3.6 percent to 15.8 billion rupees ($348 million) in the
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Tags : bloomberg.com, Short, Sensex, Quote, Open, OECD, NFO, Morgan, LLC, Index, Global, Fortune 500, europe, Euro, chief executive officer, title.Bloomberg, bloomberg, earnings announcement, accounting standards, infosys, economic recovery, offshore outsourcing, rupees, offshoring, portfolio manager

One in four companies were "flagged"

Sun 10/01/10 - 08:12:03 vs6
ONE in four financial statements lodged by Australian listed companies were flagged by auditors last financial year, as the global financial crisis sparked doubt on asset values and the ability of companies to refinance debt. According to newly compiled figures provided by the Australian
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Tags : smh.com.au, RON, Invest, Exchange, CPA, Commission, assets, global financial crisis, spokesman said that, accounting standards, asset values, independent audit, company directors, listed company, mining companies, audit report, going concern, overwhelming majority, audits, financial statements

One in four company accounts flagged by auditors

Sun 10/01/10 - 08:10:58 vs6
ONE in four financial statements lodged by Australian listed companies were flagged by auditors in the past year, as the global financial crisis cast doubt on asset values and the ability of companies to refinance debt. According to figures provided by the Australian Securities Exchange,
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Tags : smh.com.au, Invest, Exchange, Commission, assets, global financial crisis, cast doubt, accounting standards, asset values, independent audit, audit report, listed company, mining companies, going concern, sha, financial statements

Collapse of Aero to hit Qantas, Tax Office

Sun 10/01/10 - 08:10:47 vs6
QANTAS and the Australian Taxation Office stand to lose several millions of dollars between them in the collapse of the British aircraft parts supplier Aero Inventory. The airline and the Tax Office have emerged as two of the largest creditors of the British parts supplier, whose board
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Tags : smh.com.au, title.Tax, Tax, stock, Invest, Exchange, preferential creditors, unsecured creditors, accounting standards, paramedics, pence, demise, business model, collapse, turnover, spokesman

Japan Stocks in America Rise as U.S. Job Report Tops Estimates - Bloomberg.com

Fri 25/12/09 - 07:11:03 vs6
U.S.-traded receipts of Sharp Corp., Japan’s biggest maker of liquid-crystal displays and which generates more than half of its sales overseas, added 0.8 percent from the closing share price in Tokyo yesterday. Those of Nissan Motor Co., Japan’s third-largest carmaker which receives more tha
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Tags : bloomberg.com, title.Stock, stock, Short, S&P 500, title.Repo, Quote, Nikkei, MSCI, MSC, Index, futures, europe, Euro, title.Bloomberg, unemployment insurance, core consumer, accounting standards, largest carmaker

New standards lower Alliance Data Nov. charge-offs - Yahoo! Finance

Wed 16/12/09 - 10:51:10 vs6
Companies: Alliance Data Systems Corporation DALLAS (AP) -- Alliance Data Systems Corp. said Wednesday that defaults on its private-label credit cards fell in November, due in part to an accounting change. Net charge-offs -- or the amount of loans written off as unpaid -- as...
Tags : biz.yahoo.com, spa, RIC, QOQ, Print, pot, Media, Book, 419, managed receivables, facebook, accounting standards, stumbleupon, digg, twitter, myspace, credit cards, decline, loans, credit card services

Sarbanes-Oxley Law May Be Reshaped by U.S. Supreme Court Clash - Bloomberg.com

Fri 04/12/09 - 06:10:36 vs6
The justices on Dec. 7 will consider a challenge to one of the law’s central features: creation of the Public Company Accounting Oversight Board as the auditing industry’s watchdog. A Nevada accounting firm and a small-government advocacy group say the board lacks the presidential contro
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Tags : bloomberg.com, Wash, Support, stock, SEC, Public Company, PCAOB, Open, Invest, Industry, Federal Communications Commission, Exchange, Commission, CFA, title.Bloomberg, assets, Account, executive branch agencies, accounting profession, government advocacy, legislative fight, advocacy group, accounting standards, audit requirements, type functions, private organization

Merrill chit-chat no laughing matter | Insider

Fri 04/12/09 - 09:50:22 vs6
JAMIE FREED December 4, 2009 - 1:00PM - Carolyn Cummins The fund has a 44 per cent stake in the Myer site due to what it terms a blended ownership with the Myer Bourke Street and Lonsdale street stores. In its valuation update for the six months to December 31, 2009 –.
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Tags : smh.com.au, UIT, TER, spa, Property, Invest, title.Insider, Hold, CPC, Close, CFS, BHP, valuation purposes, peak of the market, accounting standards, title.laughing matter, equity capital, bailout

ASIC takes Centro to court over accounts | Business Breaking News | News.com.au

Thu 22/10/09 - 12:32:09 vs6
The Australian Securities and Investments Commission (ASIC) launched civil penalty proceedings in the Federal Court against former chairman Brian Healey, former chief executive Andrew Scott, former chief financial officer Romano Nenna, and five current or former non-executive
Tags : news.com.au, term interest, misstatements, financial accounts, accounting standards, current liabilities, Property, Trust, balance sheets, chief financial officer, balance sheet, bearing, diligence, 1 billion, 5 million, allegations, entities

Warren Buffett v. Dividends

Wed 15/04/09 - 01:50:42 Trader
The difference between Warren Buffett and the man in the street is that he buys the wholecompany and not just a few shares! If he doesn't buy the whole company he buys sufficient to get a seat on the board. He has control (or at least influence) over the dividend policy of the company, and can distribute the entire earnings of the company if he so chooses; so his view of Free Cash Flow is different to yours and mine. We have to be content with the dividend policy of the company and the integrity of directors - that they will not change the dividend policy unless in the interest of stockholders.
Tags : accounting earnings, strain company, empty rhetoric, free cash flow, academic exercise, investment period, sheet structures, fixed assets, accounting standards, debt levels, reported cases, financial position, dividends, working capital, stockholders, new opportunities, proceeds