#financial-reporting

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How Absorption Costing Works in Accounting (2024) - Shopify

Absorption costing is essential for determining sustainable profit margins by accounting for all production costs.
#macys

Macy's $132 million mystery has auditing experts scratching their heads

Macy's discovered serious accounting errors totaling $132 to $154 million, highlighting failures in internal accounting controls.

A Macy's employee made accounting errors 'intentionally,' hiding up to $154 million in expenses. Now the company's earnings report is delayed

Macy's faces a serious accounting scandal affecting its financial reporting and operational integrity.

The Macy's accounting disaster: CIOs, this could happen to you.

Macy's accounting errors highlight severe weaknesses in internal controls and software safeguards within enterprises.

Macy's $132 million mystery has auditing experts scratching their heads

Macy's discovered serious accounting errors totaling $132 to $154 million, highlighting failures in internal accounting controls.

A Macy's employee made accounting errors 'intentionally,' hiding up to $154 million in expenses. Now the company's earnings report is delayed

Macy's faces a serious accounting scandal affecting its financial reporting and operational integrity.

The Macy's accounting disaster: CIOs, this could happen to you.

Macy's accounting errors highlight severe weaknesses in internal controls and software safeguards within enterprises.
moremacys
#corporate-governance

Macy's lost track of $154m in expenses because of poor metrics

Macy's revealed an internal investigation into a multimillion-dollar scheme manipulating delivery costs, impacting investor trust.

FTX's Downfall Couldn't Have Happened Without SBF's Fraud - Or Prager Metis' Audit Failure

Auditors' negligence can allow massive frauds like FTX to occur, highlighting the need for adherence to professional standards.

Macy's lost track of $154m in expenses because of poor metrics

Macy's revealed an internal investigation into a multimillion-dollar scheme manipulating delivery costs, impacting investor trust.

FTX's Downfall Couldn't Have Happened Without SBF's Fraud - Or Prager Metis' Audit Failure

Auditors' negligence can allow massive frauds like FTX to occur, highlighting the need for adherence to professional standards.
morecorporate-governance
#journalism

UK interest rates to fall more slowly' after tax rises and spending hikes in Budget

The Independent focuses on accessible journalism covering critical issues without paywalls.

The ruble's in a slump. For the Kremlin, that's a two-edged sword

The Independent emphasizes the importance of on-ground reporting during critical news events in the U.S.

UK interest rates to fall more slowly' after tax rises and spending hikes in Budget

The Independent focuses on accessible journalism covering critical issues without paywalls.

The ruble's in a slump. For the Kremlin, that's a two-edged sword

The Independent emphasizes the importance of on-ground reporting during critical news events in the U.S.
morejournalism
#business-intelligence

New Report: Why Law Firms Should Take A Closer Look At Business Intelligence

Law firms are increasingly challenged by financial reporting demands and the integration of business intelligence.

Why Law Firms Should Take A Closer Look At Business Intelligence

Law firms face growing financial reporting demands, prompting challenges in business intelligence integration, KPI selection, and stakeholder engagement.

New Report: Why Law Firms Should Take A Closer Look At Business Intelligence

Law firms are increasingly challenged by financial reporting demands and the integration of business intelligence.

Why Law Firms Should Take A Closer Look At Business Intelligence

Law firms face growing financial reporting demands, prompting challenges in business intelligence integration, KPI selection, and stakeholder engagement.
morebusiness-intelligence
#supermicro

Supermicro vague on anuual filing, possibly delisted from Nasdaq

Supermicro faces uncertainty with financial reporting and auditor resignation, risking its Nasdaq listing and reflecting broader issues of governance and financial integrity.

Supermicro hot-swaps auditor to dodge Nasdaq delisting

Supermicro appointed BDO USA as its new auditor to address compliance issues and avoid delisting from Nasdaq.

Supermicro vague on anuual filing, possibly delisted from Nasdaq

Supermicro faces uncertainty with financial reporting and auditor resignation, risking its Nasdaq listing and reflecting broader issues of governance and financial integrity.

Supermicro hot-swaps auditor to dodge Nasdaq delisting

Supermicro appointed BDO USA as its new auditor to address compliance issues and avoid delisting from Nasdaq.
moresupermicro

The Law Firm Finance Strategies That Will Get Your Balance Sheet On Track

Law firm owners can stabilize cash flow by eliminating accounts receivable with effective financial strategies.

Qantas and Virgin among 1,200 major companies that paid no income tax in Australia in 2022-23

Many large corporations, including Netflix and airlines, legally reduced their income tax liability to zero in 2022-23 by utilizing deductions and offsets.

21 Free and Customizable Table Templates | ClickUp

Table templates streamline data organization, reducing the time needed to create tables from scratch.
A good table template enhances clarity and functionality, making it easier to present and analyze information.

Report: IRS Taking Aim At Sports Bettors

Tax revenue from sports gambling is at risk due to widespread non-filing among bettors, prompting potential IRS enforcement actions.

Supermarket spots '11 million item mismatch' amid ERP move

Asda found a £21 million discrepancy in stock reports after migrating to a new ERP system, which may affect financial reporting and decision-making.

Binance Hires UK-Based Accounting Firm Grant Thornton To Advise on Audits

Binance has hired Grant Thornton to improve its accounting practices and prepare for audits following concerns about previous auditing methods.
#stock-market

Super Micro, an AI darling, postponed earnings while under a short-seller's microscope

Super Micro's stock fell nearly 20% after delaying its fiscal 2024 report, raising concerns about potential financial issues.

Supermicro delays its annual report due to accounting issues

Super Micro Computer cannot file its annual report on schedule due to internal financial reporting issues, highlighting concerns from investors and analysts.

Super Micro, an AI darling, postponed earnings while under a short-seller's microscope

Super Micro's stock fell nearly 20% after delaying its fiscal 2024 report, raising concerns about potential financial issues.

Supermicro delays its annual report due to accounting issues

Super Micro Computer cannot file its annual report on schedule due to internal financial reporting issues, highlighting concerns from investors and analysts.
morestock-market

America's most boring job is on the brink of extinction

Accountancy is facing a significant shortage due to declining student interest and aging professionals, jeopardizing financial reporting integrity.
#microsoft

Microsoft to stop telling investors about server growth

Microsoft's financial reporting overhaul introduces a new segment for clearer revenue recognition amidst AI infrastructure market concerns.

Microsoft restructures to offer AI transparency

Microsoft's financial reporting change aims to clarify AI revenue and improve transparency for investors.

Microsoft's huge AI spending has investors worried - now the company is changing its financial reporting to highlight successes

Microsoft is reorganizing financial reporting to better reflect AI's impact on revenue and growth amidst increased investor scrutiny.

Microsoft to stop telling investors about server growth

Microsoft's financial reporting overhaul introduces a new segment for clearer revenue recognition amidst AI infrastructure market concerns.

Microsoft restructures to offer AI transparency

Microsoft's financial reporting change aims to clarify AI revenue and improve transparency for investors.

Microsoft's huge AI spending has investors worried - now the company is changing its financial reporting to highlight successes

Microsoft is reorganizing financial reporting to better reflect AI's impact on revenue and growth amidst increased investor scrutiny.
moremicrosoft

Compass Resolves Financial Issues Boston Condos For Sale Ford Realty

Disclosure at a company can indicate financial reporting accuracy issues.
PwC identified weaknesses within the company.

Back To Basics: 6 Tech Tips Every Small Firm Needs To Hear

Focusing on finances is crucial for law firms
Choosing the right technology for financial reporting is key

As Trump Awaits Fraud Penalty, a Monitor's Report Could Raise His Risk

New accusations of financial reporting deficiencies could impact the outcome of Donald Trump's civil fraud case.
The monitor's report highlighted several paperwork issues at the Trump Organization, raising questions about the company's internal controls.

Bitcoin And Crypto To Be Measured At Fair Value Under New FASB Rules

The Financial Accounting Standards Board (FASB) has announced new rules that will require companies to account for cryptocurrencies like Bitcoin at fair value.
Under the new guidelines, businesses will need to disclose the value of cryptocurrencies based on their market prices at the end of each reporting period.
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