Hurdles to clear before carbon trading starts Apr 2, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Duke pays CEO Jim Rogers $9.9 million Mar 22, 2008
The increases in the pension value were higher in 2007 because of a change in the accounting period. That change made it necessary to count 15 months of the pension plan in the 2007 figures. (Charlotte Business Journal, NC)
AirAsia reports 73 percent jump in quarterly profit Mar 3, 2008
From 2008, AirAsia said its accounting period will run from January to December. Previously, its fiscal year started in July. (Jakarta Post, Indonesia)
ING Canada Reports 2007 Fourth Quarter and Year-end Results Feb 20, 2008
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
Nissan posts 16 percent rise in quarterly profit Feb 1, 2008
A change in the accounting period for some overseas units also helped. Carlos Ghosn, chief executive of both Nissan and Renault, which holds 44 percent of the Japanese automaker, had flagged a solid performance for the October to March half, with strong growth continuing in the emerging markets of China, the Middle East and elsewhere. (International Herald Tribune -- Business)
Landmark court ruling confirms retrospective VAT capping illegal Jan 24, 2008
has been overdeclared as output tax in an accounting period ending before 4 December 1996; or. became deductible as input tax on or before 30 April 1997 and has not yet been deducted. (Accounting Web, UK)
Newth Talks Tax - S419 penalties Jan 21, 2008
Section 419(4A) states that where the repayment of the whole or any part of the loan or advance occurs on or after the day on which the tax becomes due, relief shall be given under subsection (4) at any time before the expiry of nine months from the end of the accounting period in which the repayment is made. By elimination, a partial repayment within nine months of the end of the period in which the loan is made is effective in reducing the tax payable. (Accounting Web, UK)
JJB Sports warns on profit again Jan 14, 2008
JJB is continuing its aggressive clearance of non-current stocks over the remaining three weeks of the current accounting period and this is expected to further impact the gross margin,' it said. The group said total revenue for the 23 weeks to Jan 6 2008, including that from both retail stores and health clubs, was 2. (Forbes)
Icahn to Peek at BEA's Finances Nov 6, 2007
Because of its efforts to restate its earnings, BEA has not held an annual shareholder meeting in 15 months, nor has the company filed a 10-K or 10-Q for an accounting period since April 2006. Under the laws in Delaware, where BEA is incorporated, investors are able to request the Chancery Court to force an annual shareholder meeting if a company hasn't held one in more than 13 months. (eWeek)
Politics of the oil subsidy: Who benefits? Oct 30, 2007
In the insurance industry it is known as IBNR (incurred but not reported), referring to yet-unpaid claims for which funds are normally put into a reserve fund during a given accounting period. As hospitals are obliged to receive seriously ill patients, they need money to pay employee salaries and purchase medical supplies and even food. (Jakarta Post, Indonesia -- Editorial)
Carl Icahn Issues Statement Concerning BEA Oct 27, 2007
BEA has not held an annual meeting in over 15 months and has not filed a 10K or 10Q for an accounting period since the quarter ended April 30, 2006. Those failures have arisen out of a situation that occurred under the watch of many of the present Board members. (PR Newswire)
Nidec Copal Revises Financial Forecasts Upward for the Six Months Ended September 30, 2007 Oct 22, 2007
Note: The above financial forecasts include the estimated six month results of one of the Company's subsidiaries, Nidec Copal (Zhejiang) Co., Ltd., the consolidated accounting period of which has been extended to nine months (January 1 through September 30) from six months (January 31 through June 30). The Nidec Corporation logo is available at. (Primezone Releases)
Commerical property allowances: Get renovating! By Rebecca Benneyworth Oct 5, 2007
The company spends 420,000 converting it into smaller units for letting to businesses, all spent in the accounting period ending 31 March 2008, but all after 11 April 2007. As of 31 March 2008 the company has secured one tenant in a finished unit, with rental income of 3,000 being received in the year. (Accounting Web, UK)
Aber Posts Record Quarterly Sales Sep 10, 2007
Private production royalties are recorded based on actual production during each accounting period ... Private production royalties are recorded based on actual production during each accounting period. (Canada Newswire)
Dell promistes to restate fudged accounts Aug 18, 2007
Account balances were often reviewed at the end of the accounting period to identify adjustments that could help executives hit quarterly performance targets. "A number of these adjustments were improper, including the creation and release of accruals and reserves that appear to have been made for the purpose of enhancing internal performance measures or reported results," Dell admitted in an filed with the SEC.. (Accounting Web, UK)
AccountingWEB's shelves bulge with new product releases Aug 8, 2007
For the latest addition, all transitional rules for the withdrawal of the non corporate distribution rate legislation have been incorporated and the program can deal with any accounting period from 1 April 2002 to 31 March 2008. New reports include Further Analysis, Fixed Asset Register (on all excel versions) and full Plain Paper Schedules together with a Cover for the CT600 return. (Accounting Web, UK)
The Spanish Experience sun andtaxes! By Juan Carlos Venegas Aug 4, 2007
The returns are due within 20 days of the end of the prescribed accounting period for which the return is made. Juan Carlos Venegas is a Tax Consultant, who runs his own practice Fiscal Accounts, which specializes in Spanish and UK tax and accounting. (Accounting Web, UK)
American Italian Pasta Company Provides Certain Liquidity and Revenue Information, Discusses Durum Wheat Market Conditions, Updates Restatement Process, and Announces Resignation of Director Raymond Silcock Aug 3, 2007
The Company also noted that all historical revenue amounts outlined above are unaudited and are subject to adjustments, including adjustments related to promotional expenses, accounting period cutoff, and other related revenue recognition issues resulting from the previously announced Audit Committee investigation. DURUM WHEAT MARKET CONDITIONS The Company noted that the current market outlook for durum wheat, which is a significant component of its overall production costs, has been negatively... (PR Newswire)
READ MORE > Jul 29, 2007
In a letter to Bleed early this year, the chief engineer for the Kansas Division of Water Resources, who has since left the post and was replaced by Barfield, said that "given Nebraska's overuse in every accounting period to date, and the current water-short conditions, it is apparent that there will need to be substantial curtailment or reductions in groundwater pumping.". The board of the Lower Republican Natural Resources District recently voted for 11 inches per year for the next five years. (Sioux City Journal)
C&F Financial Corporation Announces Second Quarter Earnings Jul 28, 2007
Specifically, management believes the exclusion of a significant recovery of income recognized in a single accounting period permits a comparison of results for ongoing business operations, and it is on this basis that management internally assesses the corporation's performance and establishes goals for future periods. Although the corporation's management believes the non-GAAP financial measures presented in this earnings release enhance investors' understandings of its performance, these... (PR Newswire)
Exporters lead Japanese stocks tumble Jul 27, 2007
6 per cent to Y6,310, despite a tripling in quarterly profit on strong sales of digital cameras and a softer yen during its quarterly accounting period. But domestic stocks also fell on fears the ruling Liberal Democratic-led coalition may lose control of the Upper House after Sundays elections, resulting in political turmoil. (FT.com -- Markets)
What Is This Subprime CDO Crisis? Jul 27, 2007
The US Securities Exchange Commission requires CDOs on the books of hedge funds to be "marked to market", that is revalued at the market price at the end of the accounting period, but there is no real "market". Hedge funds would normally "mark to model", which meant plugging some numbers into a complex mathematical algorithm in order to arrive at a price. (egoli.com.au)
Obama leads in campaign funding Jul 2, 2007
Mr Obama said he received at least 154,000 contributions in the last accounting period, bringing the total number of donors to 258,000 in the first half of the year. Mr Obama said his was the "largest grassroots campaign" for this stage of a presidential race. (BBC News)
Obama leaves Clinton in his wake Jul 2, 2007
Clinton's campaign said last week she would raise about $US27 million in the three-month accounting period which ended on Sunday, but admitted the Democratic front-runner would fail to top Obama's amount. In the first quarter this year, Clinton pulled $US26 million into her war chest, a few hundred thousand dollars more than Obama. (Sydney Morning Herald -- World)
An entertaining round up. by Rebecca Benneyworth Jun 30, 2007
GiftsThe same sections also provide a similar exclusion of the costs of providing gifts but a gift carrying a conspicuous advertisement for the donor, and which is not food drink or tobacco, or a token exchangeable for goods, and which costs no more than 50 in total in an accounting period (per recipient) is an allowable expense. Here, the VAT rules differ quite significantly, as there is no requirement that the gifts carry an advertisement, nor is the restriction applying to food drink or... (Accounting Web, UK)
Video clip taken out of context part of push to bring in $9 million Jun 29, 2007
John Edwards' presidential campaign quickly made use of an unusual confrontation between the former Democratic senator's wife and columnist Ann Coulter, employing a strategically edited video clip in a fundraising drive during the final days of the second quarter accounting period. The campaign took a sound bite of Coulter out of context in an interview on ABC's "Good Morning America" Monday and. (WorldNetDaily)
Sow wisely for business success - Part 1: Setting up a new company Jun 29, 2007
You can register at any time, but it is most beneficial to begin at the start of an accounting period, hence the importance of being aware of this early on, when you start up. Ultimately, almost no business gets the financial aspects of setting up and running their business 100% right. (Accounting Web, UK)
After early fireworks, Obama on learning curve Jun 24, 2007
Whispers are that he may pull in even more in the next accounting period, which ends next week -- giving him the ammunition to line up a fierce challenge to Clinton later in the year. But there have also been missteps. (Yahoo News -- Politics)
Aber Diamond Corporation - First Quarter 2008 Results Jun 6, 2007
Private production royalties are recorded based on actual production during each accounting period. The first quarter gross margin was 51% compared to 44% in the comparable quarter of the prior year. (PR Newswire)
IR hit by accounting snafu Apr 10, 2007
The investigation is continuing and additional information will be sought to enable the company's committee to determine the extent by which accounts receivable, revenues and possibly other entries in the financial statements may have been misstated in any given accounting period, including possibly periods preceding the year ended June 30, 2006. In any case, the board has determined, based on an interim report of an investigation conducted at its request, that the company's financial statements... (EETimes)
Record production and 100% ownership of Harry Winston support strong fiscal 2007 results for Aber Mar 30, 2007
Selling, General and Administrative Expenses The principal components of selling, general and administrative ("SGpenses include expenses for salaries and benefits (including salon personnel), advertising, professional fees, rent and building related costs. With the growth of the Company's international selling activities and the underlying control infrastructure, along with the expansion of its retail salons, total SGnses during the fiscal year increased relative to the prior year, a trend that... (PR Newswire)
Standard deduction or itemizing: How should you decide? Mar 30, 2007
You must itemize if you are a nonresident alien, a dual-status alien, or if you are filing a tax return for less than a full year because of a change in your accounting period. Also, when a married couple chooses to file separate returns, both spouses must take the standard deduction or both must itemize. (Coos Bay-North Bend The World, OR)
Canetic Resources Trust announces strong year-end operating and financial results and reserves for 2006 Mar 9, 2007
Jack C. Lee J. Paul Charron Chairman President Executive Officer March 8, 2006 MANAGEMENT'S DISCUSSION AND ANALYSIS This Management's Discussion and Analysis ("MDould be read in conjunction with the Consolidated Financial Statements and Notes thereto of Canetic Resources Trust ("Canetic" or the "Trust") for the year ended December 31, 2006. This MDated March 8, 2007. The Consolidated Financial Statements have been prepared in accordance with Canadian Generally Accepted Accounting Principles... (PR Newswire)
Another Big Loss For Champs Chelsea Feb 19, 2007
Chelsea spent more than 100m on players during the 2005/2006 accounting period. More on This Story. (Sky News)
Kohl's January same-store sales up 8.7 percent Feb 9, 2007
The company ran 817 stores in 45 states this January compared with 732 stores in 41 states a year earlier, and the accounting period this year included one more week than a year ago. Comparable-store sales over the past 13 weeks increased by 4. (Milwaukee Business Journal, WI)
