Magellan Aerospace Corporation announces financial results Nov 12, 2008
As a result of these required changes in accounting policies, the Corporation was required to adopt the unit cost method for inventory related to its long-term contracts in replacement of the long-term average cost method. The unit cost method is the prescribed cost method under which the actual production costs are charged to each unit produced and recognized to income as the unit is sold. (Canada Newswire)
ATS reports second quarter fiscal 2009 results Nov 12, 2008
Changes in Accounting Policies Effective April 1, 2008, the Company adopted new Canadian Institute of Chartered Accountants ("CICA") Handbook Section 3031 "Inventories" ... Although IFRS uses a conceptual framework similar to Canadian GAAP, differences in accounting policies will need to be addressed. (Canada Newswire)
U.S. Awards Anthrax Vaccine Deal Nov 12, 2008
VaxGen said the reports were delayed because it was implementing new accounting policies and would need to restate earnings reports dating to 2002. Nasdaq informed VaxGen that the issues did not appear to result from impropriety, the company said. (Yahoo News -- Anthrax)
BELLUS Health Reports Results for Third Quarter of Fiscal 2008 and on EMEA Update Nov 11, 2008
For discussion regarding related-party transactions, contractual obligations, disclosure controls and procedures, internal control over financial reporting, critical accounting policies and estimates, recent accounting pronouncements, and risks and uncertainties, refer to the Annual Report and the Annual Information Form for the year ended December 31, 2007, as well as registration statements and other public filings, which are available on SEDAR at or on EDGAR at. This document contains... (PR Newswire)
Fairborne Energy Ltd. Reports Record Quarterly Production and Cash Flow Nov 10, 2008
CHANGE IN ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS ... The interim consolidated financial statements have been prepared following the same accounting policies and methods of computation as the consolidated financial statements for the year ended December 31, 2007, except as noted below ... CHANGES IN ACCOUNTING POLICIES AND PRACTICES. (CCNMatthews Press Releases)
Horizon Financial Announces Strategic Staff Reduction Nov 8, 2008
Factors which could cause actual results to differ materially include, but are not limited to, the credit risks of lending activities, including changes in the level and trend of loan delinquencies and write-offs; changes in general economic conditions, either nationally or in our market areas; changes in the levels of general interest rates, deposit interest rates, our net interest margin and funding sources; fluctuations in the demand for loans, the number of unsold homes and other properties... (Primezone Releases)
Specialty Underwriters' Alliance, Inc. Reports Results For Third Quarter 2008 Nov 7, 2008
We believe that these factors include but are not limited to ineffectiveness or obsolescence of our business strategy due to changes in current or future market conditions; increased competition on the basis of pricing, capacity, coverage terms or other factors; greater frequency or severity of claims and loss activity, including as a result of natural or man-made catastrophic events, than our underwriting, reserving or investment practices anticipate based on historical experience or industry... (PR Newswire)
Any Answers answered: UK GAAP VS. IFRS. By Steve Collings Nov 7, 2008
Changes in accounting policyUnder IAS 8 Accounting policies, changes in accounting estimates and errors a company can only change its accounting policies if it results in the financial statements giving more relevant and reliable information. Under FRS 18 Accounting policies management must review their accounting policies to ensure they remain the most appropriate to its particular circumstances for the purposes of giving a true and fair view. (Accounting Web, UK)
Peyto Energy Trust announces third quarter 2008 results Nov 6, 2008
Summary of Significant Accounting Policies The unaudited interim consolidated financial statements of Peyto Energy Trust (the "Trust" or "Peyto") follow the same accounting policies as the most recent annual audited consolidated financial statements except as disclosed in Note 2 ... Changes in Accounting Policies a) Financial Instruments - Disclosure and Presentation As of January 1, 2008, the Trust adopted CICA Handbook Sections, Section 3862 "Financial Instruments - Disclosures" and Section... (PR Newswire)
Canaccord Capital Inc. Reports second quarter and first half of fiscal 2009 results Nov 6, 2008
Canaccord's accounting policies are in accordance with Canadian GAAP and are described in Note 1 to the Audited Annual Consolidated Financial Statements. The accounting policies described below require estimates and assumptions that affect the amounts of assets, liabilities, revenues and expenses recorded in the financial statements ... The Company is currently evaluating the impact of the transition to IFRS including its effect on accounting policies, disclosures, financial systems, and... (Canada Newswire)
Hannover Re Has First Loss Since 2005 on Equity Writedowns, Storm Claims Nov 5, 2008
The company's forecast for the fourth quarter ``makes no allowance for the use of accounting policy options or flexibility with respect to valuation measurements,'' Hannover Re said in the statement. To contact the reporter on this story: in Munich at. (Bloomberg -- Germany)
CML HealthCare Income Fund Reports 2008 Third Quarter Financial Results Nov 5, 2008
Factors that could cause results to vary include, but are not limited to: dependence on government-based revenues; pending and proposed legislative or regulatory developments including the impact of changes in laws, regulations and the enforcement thereof; intensifying competition from established competitors and new entrants in the businesses in which we operate; technological change; interest rate fluctuations and general economic conditions; insurance coverage of sufficient scope to satisfy... (Canada Newswire)
Half Yearly Report and Accounts Nov 5, 2008
I am confident that these steps will position the company to take advantage of improved market conditions anticipated in the medium term," Mr Maycock said. CSR has thoroughly reviewed opportunities to restructure its portfolio of businesses and concluded that a restructure may create additional shareholder value under more appropriate market conditions. The potential for a value creating restructure remains under active consideration. 5 November 2008 Media/analyst enquiries: Martin Cole, CSR... (Sydney Morning Herald)
Gentiva(R) Health Services to Present at November Investment Conferences Hosted by Oppenheimer, Credit Suisse and Stephens Oct 31, 2008
These factors include, among others, the following: economic and business conditions, including the ability to access capital markets; demographic changes; changes in, or failure to comply with, existing governmental regulations; legislative proposals for healthcare reform; changes in Medicare and Medicaid reimbursement levels, including changes to the Medicare home health Prospective Payment System effective January 1, 2008; effects of competition in the markets in which the Company operates;... (PR Newswire)
First Financial Bancorp Reports Third Quarter 2008 Results Oct 30, 2008
" The company applied the fair value option to its equity securities of government sponsored entities ("GSE"), specifically 200,000 FHLMC perpetual preferred series V shares; and these shares are classified as trading assets. Third quarter 2008 financial results included a $3.4 million loss related to the company's investment of these securities. As previously mentioned, this loss is a result of the decline in market value of the shares following the September 7, 2008 announcement by the U.S.... (PR Newswire)
Canadian Oil Sands Trust announces third quarter 2008 results and a reduction in the quarterly distribution to $0.75 per Trust unit Oct 30, 2008
CHANGES IN ACCOUNTING POLICIES In its audited consolidated financial statements for the year ended December 31, 2007 ("Audited 2007 Financial Statements"), Canadian Oil Sands adopted the requirements of the Canadian Institute of Chartered Accountants ("CICA") Section 3862 Financial Instruments - Disclosures, Section 3863 Financial Instruments - Presentation and Section 1535 - Capital Disclosures ... The interim consolidated financial statements have been prepared following the same accounting... (PR Newswire)
Risk of impairment losses for Maybanks acquisitions abroad Oct 30, 2008
Maybanks accounting policy, stated in its annual report, is that it assessed whether there is any indication that an investment in subsidiaries and interest in associates may be impaired at each balance sheet date. . (The Star Online, Malaysia -- Business)
Boston Properties, Inc. Announces Third Quarter 2008 Results Oct 29, 2008
These factors include, without limitation, the ability to enter into new leases or renew leases on favorable terms, dependence on tenants' financial condition, the uncertainties of real estate development, acquisition and disposition activity, the ability to effectively integrate acquisitions, the costs and availability of financing, the effectiveness of our interest rate hedging program, the ability of our joint venture partners to satisfy their obligations, the effects of local economic and... (PR Newswire)
CE Franklin Ltd. announces 2008 Third Quarter Results Oct 28, 2008
Change in Accounting Policies Effective January 1, 2008, the Company adopted the Canadian Institute of Chartered Accountant's Handbook Section 1535 - Capital Disclosures, Section 3862 - Financial Instruments - Disclosures and Section 3863 - Financial Instruments - Presentation ... CE Franklin Ltd. Notes to Interim Consolidated Financial Statements - Unaudited ------------------------------------------------------------------------- tabular amounts in thousands of Canadian dollars except share... (PR Newswire)
QLT announces third quarter results for 2008 Oct 28, 2008
QLT Inc. is listed on The NASDAQ Stock Market under the trading symbol "QLTI" and on The Toronto Stock Exchange under the trading symbol "QLT." A full explanation of how QLT determines and recognizes revenue resulting from Visudyne sales is contained in the financial statements contained in the periodic reports on Forms 10-Q and 10-K, under the heading "Significant Accounting Policies - Revenue Recognition." Visudyne sales are product sales by Novartis under its agreement with QLT. Certain... (Canada Newswire)
Tata Power Q2 net rises marginally Oct 28, 2008
43 crore last year, although the Mumbai-based company said the two quarters weren't comparable du 00004000 e to a change in accounting policies. Its revenue in the same period rose 45% to Rs 1,958. (Economic Times)
Pelephone Chooses TTI Telecom's Fault Management Solution for Its UMTS Network Oct 28, 2008
Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies as well as certain other risk factors which are detailed in the Company's SEC filings. Contact. (Primezone Releases)
Coastal paradise rates as accountant's nightmare Oct 28, 2008
The financial statements did not include an accounting policy for the leave pay provision, nor did the leave register record accumulated leave due at year-end. Bank confirmation had not been received for two bank overdraft accounts totalling R8. (Business Report, South Africa)
Fifth Third Bancorp Announces Plans to Participate in U.S. Treasury Capital Purchase Program Oct 27, 2008
Factors that might cause such a difference include, but are not limited to: (1) general economic conditions and weakening in the economy, specifically the real estate market, either national or in the states in which Fifth Third, does business, are less favorable than expected; (2) deteriorating credit quality; (3) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes in the interest rate environment... (PR Newswire)
Exxon told to pay $7bn for oil spill Oct 26, 2008
Thursday January 29 2004. ExxonMobil was yesterday ordered to pay nearly $7bn (3. (Yahoo News -- Oil Spills)
Northwest Bancorporation, Inc. Announces Third Quarter 2008 Financial Results Oct 25, 2008
Actual results may differ materially from the results discussed in these forward-looking statements because of numerous risks and uncertainties, including the effects of economic conditions, demand for financial services, competitive conditions in the financial markets, the availability of capital to finance growth, changes in accounting policies; changes in the monetary and fiscal policies of the federal government, changes in laws and regulations, and other risks detailed from time to time in... (Primezone Releases)
Mark-to-market rule for banks relaxed Oct 25, 2008
Here, it is seen more as a move to be consistent and in line with global accounting policies. . (The Star Online, Malaysia -- Business)
Comment on this article Oct 24, 2008
The technological life of each component in the cost breakdown is based on an assessment of: component design life and failure mechanisms; plant material condition and mode of operation; and company operating and maintenance (O accounting policies and practices ... The reference projections are based on the high standard of maintenance care of the company for which the initial series of depreciable life studies were performed as well as the company's accounting policies regarding capitalizing or... (Energy Pulse, CO)
Blockbuster Inc. Reiterates Positive Outlook for Full-Year 2008; Sets Date to Announce Third Quarter Results Oct 23, 2008
Factors that may cause actual results to vary materially include, among others: (1) consumer appeal of our existing and planned product and service offerings, and the related impact of competitor pricing and product and service offerings; (2) overall industry performance, current and anticipated economic conditions, and the accuracy of our estimates and judgments regarding trends impacting the home video industry; (3) our ability to obtain favorable terms from suppliers, including on such... (Yahoo! Wire -- Entertainment News)
State steps in to resolve conflict over budget Oct 22, 2008
While Perry told City Comptroller David Wilkinson that he believed his directive was an accounting policy, Wilkinson disagreed. In my view, the directive is very much a resource allocation and tax policy matter that rightly should be determined jointly by the [sic] Newton s elected Mayor and Board of Aldermen. (Newton Tab, MA)
Retail biggies Oct 20, 2008
However, due to the change in its accounting policy from retail price less mark-up to a more conservative lower of cost or net realisable value, the company is now at par with its peers. Pantaloon estimates that its topline will touch the Rs 30,000-crore mark by the year ending June 12. (India Times)
Autonomy Corporation plc Announces Results for the Third Quarter Ended September 30, 2008 Oct 15, 2008
Basis of presentation The accompanying quarterly consolidated financial statements of Autonomy Corporation plc have been prepared in conformity with the recognition and measurement criteria of International Financial Reporting Standards ("IFRS") as adopted by the EU. The accounting policies applied are consistent in all material respects with those applied in the Company's Annual Report for the year ended December 31, 2007 ... The condensed set of financial statements included in this quarterly... (PR Newswire)
Russia's VTB to cut 4th-qtr costs as crisis bites Oct 13, 2008
essential job functions: finance ensure office compliance with irc's accounting policies vis vis fund accounting as noted in irc's finance manual and. az. (guardian.co.uk)
U.S. Accounting Board Approves Fair-Value Guidance, Sidesteps Flexibility Oct 11, 2008
The UBS letter, dated yesterday, was written by , the bank's managing director of accounting policy and support. More needs to be done to immediately address the crisis at hand,'' the U.S. Chamber of Commerce's Center for Capital Markets Competitiveness wrote in a comment letter yesterday The center ``requests that FASB freeze and review all currently pending proposed expanded fair value standards,'' center Chairman Richard Murray wrote. (Bloomberg -- US)
Scotiabank purchases Sun Life Financial's ownership stake in CI Financial Oct 6, 2008
These factors include, but are not limited to: the economic and financial conditions in Canada and globally; fluctuations in interest rates and currency values; liquidity; the effect of changes in monetary policy; legislative and regulatory developments in Canada and elsewhere, including changes in tax laws; operational and reputational risks; the accuracy and completeness of information the Bank receives on customers and counterparties; the timely development and introduction of new products... (Canada Newswire)
West 49 Inc. reports Back-To-School Sales Sep 25, 2008
In addition, the Back-to-School period saw the continued strengthening of sales results in Ontario. Based on our success in strengthening our competitive position, as well as in driving the number of units per transaction through our incentive programs, we remain well positioned for the second half of fiscal 2009. (Canada Newswire)
India Hospitality Corp. Reports Financial Results as of March 31, 2008 Sep 23, 2008
Consolidated Financial Statements prepared in accordance with International Financial Reporting Standards India Hospitality Corp. and its subsidiaries March 31, 2008 LONDON, Sept. 23 /PRNewswire/ -- Contents Page Independent Auditors' report 1 Consolidated Balance Sheet 1 Consolidated Statement of Income 3 Consolidated Statement of Changes in Shareholders' Equity 4 Consolidated Statement of Cash Flows 6 Notes to Consolidated Financial Statements 8 Independent Auditors' report To The Board of... (PR Newswire)
Banker: Malaysia will pull through financial storm Sep 19, 2008
If you look at the outcome of this crisis, the rules of the game is going to be reviewed, governance of banks, accounting policies, securities industry, regulation will be reviewed on a global basis, Nazir said. Some people say Lehman Brothers did not die a natural death; it was murdered in the sense it was killed by short sellers. (The Star Online, Malaysia -- Business)
OMNOVA Solutions Reports Third Quarter 2008 Earnings Per Share of $0.07 Despite Record High Raw Material Costs Sep 18, 2008
" Selling, general and administrative expense as a percentage of sales fell to 11.1% in the third quarter of 2008 as compared to 12.2% a year ago. Expenses in the third quarter of 2008 were $26.7 million, including $1.9 million from the Asian businesses, as compared to $24.0 million last year. Interest expense decreased $0.5 million, to $3.0 million, for the third quarter of 2008 due to significantly lower average interest rates as a result of the Company's refinancing actions in 2007, which... (PR Newswire)
Fed's $85 Billion Loan Rescues Insurer Sep 17, 2008
After Mr. Greenberg s departure, A.I.G. restated its books over a five-year period and instituted conservative new accounting policies. But before the company could really rebuild itself, it became embroiled in the mortgage crisis. (Atlanta Journal-Constitution -- Business)
Astro posts RM247.32m net loss in Q2 Sep 11, 2008
Consistent with the groups accounting policies, the group expects to account for its share of Sun Direct TVs losses of up to RM575mil, representing the cost of its 20% equity stake, over the next five years, it said. For the second quarter, its revenue was RM742. (The Star Online, Malaysia -- Business)
/C O R R E C T I O N from source -- Major Drilling Group International Inc./ Sep 9, 2008
BASIS OF PRESENTATION --------------------- These interim consolidated financial statements were prepared using accounting policies and methods consistent with those used in the preparation of the Company's audited consolidated financial statements for the year ended April 30, 2008, except for the adoption of new accounting policies as disclosed in Note 2 below ... CHANGES IN ACCOUNTING POLICIES ------------------------------ The Company adopted the Canadian Institute of Chartered Accountants... (Canada Newswire)
Sasol Limited Financial Results for the Year Ended 30 June 2008 Sep 8, 2008
Basis of preparation and accounting policies The provisional summarised consolidated financial results for the year ended 30 June 2008 have been prepared in compliance with the Listings Requirements of the JSE Limited, International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (in particular International Accounting Standard 34 Interim Financial Reporting) and the South African Companies Act, 1973, as amended. The accounting policies applied in... (PR Newswire)
GE Gets "Wells Notice" in SEC Accounting Probe Sep 6, 2008
The investigation, which began in January 2005, centers on GE's accounting policies and practices, including items related to revenue recognition and the company's presentation of cash flows. In the filing, GE said its dispute with the agency centered on how it accounted for a number of derivatives, including those it used to hedge against interest rate risk related to commercial paper, as well as the way its aviation, rail, healthcare and industrial businesses booked certain items. (ABC News -- Wire)
Patheon Reports Third Quarter 2008 Results Sep 5, 2008
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
Lakewood Village moves up date of council meeting Sep 5, 2008
Two resolutions under consideration will join the town in the FEMA National Flood Insurance Program and put in place a town accounting policy. The council will also discuss reviewing town ordinances, hiring a part-time code enforcement officer, and obtaining badge ID for council members and key personnel. (McKinney Courier-Gazette, TX)
West 49 Inc. reports second quarter results Sep 4, 2008
Investors are cautioned that forward-looking information involves known and unknown risks, uncertainties and numerous other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information, including without limitation accounting adjustments and changes in accounting policies and methods. Accordingly, investors should not place undue reliance on... (Canada Newswire)
2008 1st Half Results Sep 2, 2008
---------------- (1) Unless indicated otherwise, all financial data herein are derived from the pro forma section of the GDF SUEZ 2008 half-year financial report (whose principal accounting policies are stated page 5 in this press release) (2) The GDF SUEZ 2008 half-year financial report comprising all of this information is online on : (3) This objective assumes natural gas sales tariffs in France reflect supply costs, It also assumes, for Europe, average weather conditions, no significant... (PR Newswire)
Churchill Downs Reduces Stakes Purses for 2008 Fall Meet Aug 30, 2008
Important factors that could cause actual results to differ materially from expectations include: the effect of global economic conditions; the effect (including possible increases in the cost of doing business) resulting from future war and terrorist activities or political uncertainties; the economic environment; the impact of increasing insurance costs; the impact of interest rate fluctuations; the effect of any change in our accounting policies or practices; the financial performance of our... (Yahoo! Wire -- Entertainment News)
SEC standards decision to hit private, public firms Aug 30, 2008
(NYSE:NFS), now the region s fifth-largest public company, will be private by then because of a planned merger with parent But it still will have some SEC reporting requirements, and still will want its results to be comparable to competitors, said Mike Hakimian, vice president of accounting policy and research at the parent insurer. Strategically, even though we may not technically be required as an organization it will behoove us to move in that direction, he said. (San Jose Business Journal, CA)
China Finance Online Reports Unaudited Second Quarter 2008 Results Aug 29, 2008
Potential risks and uncertainties include, but not limited to, our historical and possible future losses, limited operating history, uncertain regulatory landscape in the People's Republic of China, fluctuations in quarterly operating results, our ability to successfully compete against new and existing competitors, our reliance on relationships with Chinese stock exchanges and raw data providers, changes in accounting policies, our ability to successful acquire and integrate businesses and the... (PR Newswire)
Maurel & Prom: H108: Sustained Activity & Promising Outlooks Aug 29, 2008
According to the accounting policy (Lagopetrol being consolidated under the equity method), Venezuela's production was not included in Group revenues. Operating income The Group's operating income for first half 2008 was EUR86. (PR Newswire)
QCR Holdings, Inc. Announces Gain From the Sale of Merchant Credit Card Acquiring Business Aug 29, 2008
These factors include, among others, the following: (i) the strength of the local and national economy; (ii) the economic impact of any future terrorist threats and attacks, and the response of the United States to any such threats and attacks; (iii) changes in state and federal laws, regulations and governmental policies concerning the Company's general business; (iv) changes in interest rates and prepayment rates of the Company's assets; (v) increased competition in the financial services... (Primezone Releases)
U.S. Awards Anthrax Vaccine Deal Aug 29, 2008
VaxGen said the reports were delayed because it was implementing new accounting policies and would need to restate earnings reports dating to 2002. Nasdaq informed VaxGen that the issues did not appear to result from impropriety, the company said. (Yahoo News -- Anthrax)
Preliminary Final Report Aug 29, 2008
Basis of Preparation The accounting policies adopted are consistent with those of the previous financial year ... Australian Accounting Standards set out accounting policies that the AASB has concluded would result in afinancial report containing relevant and reliable information about transactions, events and conditions to whichthey apply. (Sydney Morning Herald)
Chunghwa Telecom Reports Operating Results for 1H 2008 Aug 28, 2008
If you have any questions in connection with the change of accounting policy, please contact the following person: Ms. Fu-fu Shen Tel: +886-2-2344-5488 Fax: +886-2-3393-8188 Email: Address: CHUNGHWA TELECOM CO., LTD. 21-3 Hsinyi Road, Section 1, Taipei, Taiwan, Republic of China. SOURCE Chunghwa Telecom. (PR Newswire)
TD Bank Financial Group Reports Third Quarter 2008 Results; Raises Dividend Aug 28, 2008
Some of the factors - many of which are beyond our control - that could cause such differences include: credit, market (including equity and commodity), liquidity, interest rate, operational, reputational, insurance, strategic, foreign exchange, regulatory, legal and other risks discussed in the Bank's 2007 Annual Report and in other regulatory filings made in Canada and with the SEC; general business and economic conditions in Canada, the U.S. and other countries in which the Bank conducts... (Canada Newswire)
B&B Wind ups payout by 16% Aug 28, 2008
BBW's board also changed the accounting policy for its US operations from January 1, 2008, resulting in a revaluation of its US wind farms and a consolidation of revenue and expenses into the group accounts. A strong dollar shaved $8. (Sydney Morning Herald -- Business)
BMO Financial Group Reports Third Quarter Net Income of $521 Million Aug 26, 2008
Accounting Policies and Critical Accounting Estimates The notes to BMO's October 31, 2007 audited consolidated financial statements outline our significant accounting policies. There were no changes to our accounting policies in the first three quarters of 2008. (Canada Newswire)
National Bank Expects a $65 Million Gain From the Sale of a Majority Interest in Asset Management Finance Corporation Aug 26, 2008
Such differences may be caused by factors, many of which are beyond the Bank's control, which include, but are not limited to, the management of credit, market and liquidity risks; the strength of the Canadian and United States economies and the economies of other countries in which the Bank conducts business; the impact of the movement of the Canadian dollar relative to other currencies, particularly the U.S. dollar; the effects of changes in monetary policy, including changes in interest rate... (CCNMatthews Press Releases)
China Mobile profit expected to grow strongly Aug 26, 2008
7 billion yuan in additional depreciation expenses due to accounting policy changes. Meng and Ramachandran said they were lowering their estimates for China Mobile profits in 2008-11 due to stronger competition and possible increased regulatory intervention. (The Star Online, Malaysia -- Business)
Ridley Inc. Reports Financial Results for Fiscal 2008 Fourth Quarter and Year-End Aug 25, 2008
Other changes in accounting policies noted in Ridley's interim financial statements had no material effect on its financial condition ... Significant accounting policies and basis of presentation ... These interim unaudited consolidated financial statements are based on accounting principles and practices consistent with those used in preparation of the annual audited financial statements, with the exception of the changes in accounting policies as outlined in Note 2. (CCNMatthews Press Releases)
WellPoint names Beer CIO, Miller controller Aug 23, 2008
A CPA, Miller's responsibilities will include overseeing the company's financial records, Securities and Exchange Commission and regulatory reporting, finance and accounting policies, and corporate financial planning and analysis, among other duties. Indianapolis-based WellPoint Inc. (NYSE: WLP) is the nation's largest health benefits company in terms of medical membership. (St. Louis Business Journal, MO)
The Brualdi Law Firm, P.C. Announces Class Action Lawsuit Against Inyx, Inc. Aug 23, 2008
As alleged in the complaint, these statements were materially false and misleading because they failed to disclose: (i) that the Company was materially overstating its assets and revenues by creating false sales invoices, as these invoices were created before the items were billable and had not actually been issued to customers; (ii) that the Company was not following its publicly stated accounting policies; and (iii) as a result of the foregoing, the Company's financial statements were not... (Primezone Releases)
BVR Systems (1998) Ltd. Reports a Second Consecutive Profitable Quarter in Second Quarter of 2008 Aug 18, 2008
The preparation of the financial information in accordance with IFRS resulted in changes to the accounting policies as compared with the previous financial statements prepared in accordance with generally accepted accounting principles in Israel ("Israeli GAAP"). The new accounting policies have been applied consistently to all periods presented in these condensed consolidated interim financial statements. (PR Newswire)
