PAPER: Many California jobs 'saved' by stimulus funds weren't in jeopardy... Nov 7, 2009
CSU's accounting method, however, seems to violate at least the spirit of written guidance from the federal government. In a June letter to all funding recipients, White House Budget Director Peter Orszag said, "A job retained is an existing position that would not have been continued to be filled were it not for Recovery Act funding.". (The Drudge Report)
NorthWestern Energy reports $18.9M net income increase Oct 30, 2009
The increase is primarily because the utility received an IRS approval to change a tax accounting method, a news release said. That enabled it to "immediately expense certain repairs that we had previously capitalized for tax purposes," said Bob Rowe, president and CEO.. (Montana Standard, MT)
Posts to put financial stamp on heritage blocks Oct 23, 2009
NEW DELHI: The department of posts (DoP) will deliver a monetary value to the heritage buildings, large chunks of prime land and other properties that it owns as it braces to adopt a new accounting method that will see its financial statement presented just as corporates ... The department of posts will deliver a monetary value to the heritage buildings, large chunks of prime land and other properties that it owns as it braces to adopt a new accounting method that will see its financial... (India Times)
Climate Scientists Uncover Major Accounting Flaw In Kyoto Protocol And Other Climate Legislation Oct 23, 2009
23, 2009) An international team of top climate scientists has found a critical, but fixable, error in the accounting method used to measure compliance with carbon limits. The flaw, which centers on the measurement of CO2 emissions from the use of bioenergy, could undermine greenhouse gas reduction goals if not addressed. (Science Daily)
Office vacancy hits new high nearly 22 percent Oct 17, 2009
Figures tend to vary widely by brokerage, depending on accounting method and researcher diligence, but other brokerages seem to concur with the bad news. reported space vacated by users in suburban areas so far this year totals 673,000 square feet. (Sacramento Business Journal, CA)
FHA's $54 Billion in Losses May Require a Bailout by the U.S., Pinto Says Oct 8, 2009
Thats in part because the FHAs accounting method mean its reserves are enough to cover more than 30 years of projected losses, assuming no revenue from new business. Total Reserves. (Bloomberg -- US)
Samsung's Q3 Earnings May Herald Rosy Days Ahead Oct 7, 2009
(Samsung has since amended its accounting method, and the latest results reflect performances of subsidiaries. . (BusinessWeek)
Tapped out and bone dry Sep 30, 2009
The accrual accounting method takes into account revenues that are expected to be received in the subject fiscal year as well as expenditures that were incurred in that year but have yet to be paid. On the other, the budget plan is based solely on what cash is available at the start of the fiscal year and what cash is left over at the end. (Lihue Garden Island, HA)
Japan's Cross-Shareholding Accounting Rules Need an Overhaul, Yamada Says Aug 28, 2009
Once companies choose this classification, they would have to stick to the accounting method. May Be Reluctant. (Bloomberg -- Japan)
Toll Brothers Reports FY 2009 3rd Qtr Results Aug 27, 2009
" Toll Brothers' financial highlights for the third quarter and nine months ended July 31, 2009 (unaudited): * FY 2009's third-quarter net loss was $472.3 million, or $2.93 per share diluted, compared to FY 2008's third-quarter net loss of $29.3 million, or $0.18 per share diluted. * FY 2009's third-quarter net loss was impacted by non-cash pre-tax inventory and joint-venture-related write-downs of $115.0 million, and non-cash federal and state deferred tax asset valuation allowances of $439.4... (Primezone Releases)
Accor: 2009 First-Half Results Aug 27, 2009
The new accounting method has been applied on a retrospective basis, with pro forma data provided for the six months ended June 30, 2008. (2) At constant scope of consolidation and exchange rates (3) Earnings before interest, taxes, depreciation, amortization and rental expense. (PR Newswire)
Financier Perelman Seeks $11.5 Million in Estate Fight but Gets $177,808 Aug 14, 2009
Contillo was not troubled by the accounting method. It was "not ... some long-term plan to cheat one or more of the siblings, or their estates, but rather the bookkeeping was in accordance with the way the overwhelming number and types of businesses carry assets, and liabilities, on their books.". (Law.com)
Toll Brothers Reports Preliminary FY 2009 3rd Qtr Results for Contracts, Backlog and Home Building Revenues Aug 12, 2009
" The results announced today are preliminary and unaudited. The Company will announce final third-quarter and nine-month results, including earnings, on August 27, 2009. Toll Brothers' preliminary financial highlights for the third-quarter and nine-month periods ended July 31, 2009 (unaudited): * The Company's FY 2009 third-quarter net contracts of 837 units, or approximately $447.7 million, increased 3% in units and declined 5% in dollars compared to FY 2008's third-quarter net contracts of... (Primezone Releases)
IIJ Announces First Three Months Financial Results for the Fiscal Year Ending March 31, 2010 Aug 11, 2009
" For details, please refer to page 6 in this presentation material. (3) Contracts for mobile data communication service for home use is included in Connectivity service (home use). (4) IP Service revenues include revenues from the Data Center Connectivity Service. (5) Revenue from mobile data communication service for home use is included in Connectivity service (home use). Internet Initiative Japan Inc. ------------------------------ Quartely Consolidated Balance Sheets (Unaudited)... (Primezone Releases)
Media giant swings into loss Aug 6, 2009
But calculated by another accounting method favoured by analysts for forecasting, the company had earnings per share of 1. 16 dollars, double the 66 cents expected. (Business Report, South Africa)
Panasonic Slips to Q1 Loss, Outlook Unchanged Aug 3, 2009
On the operating level, which shows a company's core earnings strength and comes before restructuring charges in Panasonic's accounting method, it maintained its annual outlook of a 75 billion yen profit, up 3 percent on the year. In an effort to improve profitability by boosting its presence in the "green energy" business, Panasonic is planning to acquire Sanyo Electric Co Ltd, the world's largest rechargeable battery maker. (ABC News -- Wire)
Cimarex Announces Second-Quarter Production Volumes and Provides Operations Update Jul 30, 2009
Cimarex accounts for these financial commodity derivative contracts using the mark-to-market accounting method. Cimarex will release its second-quarter 2009 financial results on Friday, August 7, 2009, before the market opens. (PR Newswire)
Thermadyne Holdings Corporation Announces 2009 Second-Quarter Results Jul 29, 2009
Excluding the effects of the LIFO inventory accounting method, gross margin was 27. 9% and 33. (Primezone Releases)
Closing Inventory Prices Suggested (13) Jul 27, 2009
Farmers who use the accrual accounting method to complete Schedule F for their income tax return also need to accurately value their inventory of crops, livestock and products. The inventory list here is developed by ISU Farm Economist Bill Edwards and fellow specialists Chad Hart, John Lawrence and Ann Johanns. (Agri-View, WI)
Axtel Reports 2Q09 Results Jul 23, 2009
135 million benefit due to a change in the uncollectable reserves accounting method for corporate customers recorded in the fourth quarter of 2008. Recurring operating expenses for the twelve-month period ending on June 30, 2009 would otherwise be Ps. (PR Newswire)
Carbon Footprint Calculator Enables First-ever Country By Country Comparison Jun 27, 2009
Thus, Hertwich and Peters accounting method enables policymakers to understand the carbon footprint of imported products for possible regulation. Their website, , allows users to check the importance of different consumption categories for each nation and details the greenhouse gas emissions associated with the final consumption of goods from 73 nations and 14 world regions. (Science Daily)
Carthage budget report shows income up, expenses down; Citywide cleanup days June 20 & 27 from 7 a.m.- 2 p.m. May 20, 2009
The city also spent more money on accounting as it finished its switch to an accrual accounting method. Utility costs were also up. (Carthage (Hancock County) Journal Pilot, IL)
Toll Brothers Reports Preliminary FY 2009 2nd QTR and 6 Month Totals for Home Building Revenues, Backlog and Contracts May 20, 2009
5 ======== ======== ======== ======== (a) Excludes deliveries from projects accounted for using the percentage of completion accounting method ... 4 ======== ======== (b) Amount represents revenues recognized on projects accounted for using the percentage of completion accounting method. (Primezone Releases)
Gov't Runs April Deficit for First Time Since '83 May 13, 2009
Based on the new accounting method, the size of the deficit from October through March fell about $175 billion. 1. (ABC News -- Wire)
American Express, Bank of America Rose Too Fast: John Dorfman May 12, 2009
Citigroup lost about $5 to $6 a share last year, depending on the accounting method you use. expect a loss of more than 60 cents a share this year. (Bloomberg -- Columnists)
Aurora Oil & Gas Corporation Announces First Quarter 2009 Results May 11, 2009
6 million via a ceiling test write-down under the full-cost accounting method. This reduces Aurora's proved oil and natural gas properties balance to $35 million, and results in total shareholder's equity dropping to a deficit of $30. (PR Newswire)
Attorney general examining charities May 10, 2009
The investigation found that Feed My People Children's Charities used a legal but controversial accounting method to transfer ownership of donations of food to charities operated by its employees and their relatives. The ownership of the food was transferred to the charities on paper, and they in turn transferred ownership to various recipients, including other food banks, homeless shelters and missions. (AZCentral -- News)
Tekelec beats analysts but shares fall May 8, 2009
Based on that accounting method, Tekelec handily beat analyst expectations, with EPS of 24 cents per share. Bill Everett, Tekelec s CFO, said the one analyst who tracks the company s earnings based on GAAP numbers had an EPS estimate of 16 cents for the first quarter. (Raleigh Triangle Business Journal, NC)
Carbon Balance Of Terrestrial Ecosystems In China May 7, 2009
Second, the results from this land-based carbon accounting method were verified by atmospheric inversions that rely on measurements of CO2 concentration, models of CO2 dispersion by atmospheric winds and first-guess information about land-atmosphere fluxes. Third, five different ecosystem models integrated from wall-to-wall across the Chinese territory are used to estimate separately the potential contribution of rising CO2 concentrations and climate change to regional carbon balance. (Science Daily)
Holliston Water Dept., town settle simmering dispute over water bills Apr 28, 2009
Town Meeting s approval will be required to create an enterprise fund, a common accounting method for municipal water departments. Finance Committee Chairman John "Jay" Leary Jr. said it was somewhat disingenuous for water commissioners to object to the unpaid bills when other town departments were aiding them for free. (Holliston Tab, MA)
Texas state school workers were paid millions in overtime Apr 13, 2009
That's because of an accounting method, which the Department of Aging and Disability Services says is common across all state agencies, that allows workers to be paid for overtime at a later date, instead of in the next payroll check, they said. All of which means that employees can be forced to work overtime for pay that may have to come later. (KHOU.com, TX)
DO GEORGIANS GAIN FROM PSC VOTE ON NUKE PLANTS? Two views Mar 26, 2009
The Georgia Nuclear Energy Financing Act, passed by the Legislature and endorsed by the Public Service Commission, enables Georgia Power to use an accounting method called Construction Work In Progress, or CWIP, to finance new nuclear reactors. The measure retains the PSC s authority to ensure only prudent costs are passed onto ratepayers. (Atlanta Journal-Constitution -- Opinion)
Capital Bank takes $65M charge, revises earnings Mar 14, 2009
Increased emphasis by the U.S. Securities and Exchange Commission on the use of the controversial mark-to-market accounting method prompted Capital Bank to calculate goodwill impairment based on the decline in the company s stock price over the past year. Capital shares have fallen from a 52-week high of $11. (Raleigh Triangle Business Journal, NC)
Mark-to-Market Accounting Pros and ... Mar 12, 2009
Mark-to-Market is an accounting method for valuating investments that in most times accurately values investments, but can misrepresent values in an economic crisis. Accounting rules dictate that financial statements should present fairly the financial position of an entity. (Suite101.com)
'Obama Robin Hood' to tax the rich Feb 27, 2009
The accounting method has been commonly used since the 1930s and is viewed as the most accurate measure of income for financial statement purposes, according to the congressional Joint Committee on Taxation, a nonpartisan panel. Story Tools. (Sydney Morning Herald -- Business)
Overall crime down in Brookline, though rapes and assaults up Feb 12, 2009
Chief Daniel O Leary cautioned that the number of assaults may have been inflated by a new accounting method his department has adopted. The number of assaults is also lower than it was in 2004 and 2005. (Brookline TAB, MA)
Market Forecaster Feb 10, 2009
Profit was boosted by a credit of 123 million based on the last-in, first-out accounting method, which meant the company benefited from falling costs for crops. The U.S. housing market lost 3. (Midwest Bulls Eye, NE)
