Aug 31
The Securities and Exchange Commission (“SEC”) has awarded $22.4 million to a former Monsanto financial executive, the second-largest whistleblower bounty ever provided. This amount represents the whistleblower’s share of the $80 million penalty paid. The anonymous whistleblower was a former Monsanto financial executive who reported violations of Generally Accepted Accounting Principles (“GAAP”) and misstatements of corporate earnings. …
Permanent link to this article: https://betweenthenumbers.net/2016/08/monsanto-whistleblower-obtains-22-4-million-sec-award/
Permanent link to this article: https://betweenthenumbers.net/2016/08/excel-default-settings-can-cause-significant-analysis-errors/
Aug 25
The Financial Accounting Standards Board (“FASB”) recently issued ASU 2016-14 “Presentation of Financial Statements of Not-for-Profit Entities” in an effort to improve transparency and understanding. Changes effected therein include: The 3 formerly applied classes of unrestricted, temporarily restricted, and permanently restricted assets will be simplified into two classes based on whether they are donor-restricted. Additional …
Permanent link to this article: https://betweenthenumbers.net/2016/08/fasb-issue-new-guidance-for-not-for-profit-entities/
Aug 22
The evolving prominence of IT’s voice in major strategic decisions is helping companies in the mid-market (defined as annual revenues of $100 million – $1 billion) to embrace emerging technology at an unprecedented pace. A recent study by Deloitte, in partnership with market research firm OnResearch, examined these trends. The CTOs, CIOs and IT Department …
Permanent link to this article: https://betweenthenumbers.net/2016/08/its-seat-at-the-table-is-creating-massive-change-in-the-mid-market/
Aug 21
After the last Olympics, Ryan Lochte enjoyed a nice run of endorsements deals, reportedly enjoying over $2 million from a host of well known brands. However, after the highly publicized recent Olympic debacle in which he allegedly destroyed property and then claimed to have been robbed, it is likely that he will not enjoy a …
Permanent link to this article: https://betweenthenumbers.net/2016/08/lochte-likely-loses-much-more-than-his-wallet-in-olympics-debacle/
Aug 29
Excel Default Settings Can Cause Significant Analysis Errors
August 29, 2016
A recent study published in the scientific journal Genome Biology describes a concerning error rate in genetic studies caused by default settings in the commonly used spreadsheet software Microsoft Excel. The default cell formatting option in Excel will inadvertently convert gene symbols to dates and floating-point numbers. Examples include: gene symbol SEPT2 (Septin 2) is converted by …
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