Aug 07
Historically, the right to broadcast the Olympic Games has not been a stand alone money maker for the network that acquired it. When NBC announced that the Olympic Games would be at “about breakeven”, some thought this trend had been broken. It hasn’t. Reportedly NBC paid about $1.2 billion for the U.S. rights to broadcast …
Permanent link to this article: https://betweenthenumbers.net/2012/08/olympic-games-still-a-loss-leader/
Jul 25
In July 2012, the Financial Accounting Standards Board (FASB) voted to drop a controversial project that would have required companies to disclose more about contingent losses, including most notably those arising from litigation. The now-withdrawn proposal would have required significant additional disclosure of litigation. The vast majority of those commenting on the proposal opposed it, …
Permanent link to this article: https://betweenthenumbers.net/2012/07/proposed-changes-to-accounting-and-disclosures-of-pending-litigation-are-dropped/
Permanent link to this article: https://betweenthenumbers.net/2012/07/accounting-standard-will-require-significantly-more-leases-to-be-put-on-the-balance-sheet/
May 07
Salesforce.com.com (NYSE: CRM) reported its yearly earnings in February. As a publicly traded company, Salesforce.com is required to issue annual financial reports in accordance with Generally Accepted Accounting Principles, or “GAAP”. While Salesforce.com presents GAAP-based earnings in its SEC filings, its management touts a different metric as the preferred method of measuring the company’s performance. …
Permanent link to this article: https://betweenthenumbers.net/2012/05/between-the-numbers-of-salesforce-com/
Apr 23
Rita Crundwell, longtime comptroller of Dixon, Illinois, is alleged to have defrauded the city of over $3 million in the last few months and misappropriated $30 million over the last six years. The town of Dixon is small, with a population of under 16,000. Crundwell lived a luxurious lifestyle that exceeded her $80,000 annual income. …
Permanent link to this article: https://betweenthenumbers.net/2012/04/over-30-million-allegedly-misappropriated-from-city-funds/
Jun 23
If you have $32,400 to spend on a survey of the Big Four accounting firms, then BTI Consulting will sell you their recent survey of chief financial officers of major U.S. public companies. But, our headline is free. Only 6 in 10 clients would recommend their Big 4 auditor to others, and 18.5% of companies are …
Permanent link to this article: https://betweenthenumbers.net/2011/06/cfos-are-dissatisfied-with-big-4-accounting-firms/
Jul 08
Accounting Standard Will Require Significantly More Leases To Be Put On The Balance Sheet
July 8, 2012
On June 13, 2012, after more than a year of deliberation, the International Accounting Standards Board (IASB) and U.S. Financial Accounting Standards Board (FASB) agreed on an approach for accounting for leases that generally will be simpler to implement than some of their earlier and more controversial proposals. The Boards plan to release a joint …
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