Argentina back in bond market

Posted by & filed under Intermediate Accounting.

Description: After fifteen years in the debtors’ doghouse, Argentina has reentered the bond market. When the country defaulted on its debts in 2001, the bondholders resorted to various maneuvers to try and secure their funds, even going so far as to seize an Argentinian navy ship. But this new bond issue seems to be welcomed… Read more »

Bay goes beyond retail

Posted by & filed under Advanced Accounting, Intermediate Accounting.

Description: Hudson’s Bay Company is going beyond the retail sales stream in an effort to add value to its business. The company announced it has entered into joint ventures, one with an American company and the other here in Canada, in an effort to cash in on value locked in its real estate assets. The… Read more »

Huge IPO for Alibaba

Posted by & filed under Accounting Principles, Advanced Accounting, Intermediate Accounting, IPO's.

Description: In the largest initial public offering (IPO) in US history, Chinese internet marketer, Alibaba, began trading on the New York York Stock Exchange on Friday. Alibaba now has a market capitalization larger than a number of Silicon Valley heavyweights, including Facebook and Amazon. Yahoo, however, may be smiling quietly in the background. As an… Read more »

Super Bowl commercials 2014: This year’s best , Expense or Capitalize Advertising Costs?

Posted by & filed under Advanced Accounting, Cost Accounting, Intermediate Accounting.

Who won the ad game during Super Bowl 2014? Millions gathered around television sets Sunday evening to watch the Seattle Seahawks take down the Denver Broncos in an easy 43-8 victory, but for many of those revellers the outcome of the game was secondary to the annual crop of splashy, big-budget Super Bowl ads. Commanding… Read more »

With Great Data Comes Great Responsibility

Posted by & filed under Accounting Careers, Fraud Accounting, Intermediate Accounting.

The risk of data to the forensic accountant & client The forensic accounting profession is ever changing and evolving. White collar criminals are finding new ways to commit fraud, and litigation matters are becoming more and more complex. In order to meet the needs of clients, forensic accountants are learning new skills and using new… Read more »

Why intangible assets are as important as bricks and mortar

Posted by & filed under Accounting Careers, Accounting Principles, Financial Accounting, Intermediate Accounting.

Managing your intangible assets can make your business more successful Coca-Cola Secret Formula Coca-Cola is bottled at nearly 300 plants around the world, where the soft drink is manufactured, packaged, merchandised and distributed. These third-party bottlers ship Coke to the company’s customers — grocery stores, restaurants, street vendors, convenience stores, movie theatres and amusement parks… Read more »

SeaWorld stock makes a splash in 1st day of IPO

Posted by & filed under Advanced Accounting, Financial Accounting, Intermediate Accounting.

Stock rises 19.6 per cent in Friday afternoon trading on New York Stock Exchange SeaWorld Entertainment Inc. made a splash Friday in its first day of trading on the New York Stock Exchange. Shares of the owner of theme parks famous for water shows featuring killer whales and dolphins jumped $5.29 US, or 19.6 per… Read more »

When to Recognize Revenue ?

Posted by & filed under Accounting Principles, Financial Accounting, IFRS, Intermediate Accounting.

Despite a reliance on umpteen pages of principles and prescriptive rules for the preparation of financial statements, much depends on professional judgment and corporate governance. That’s why the quality of the company’s reported earnings is such an important consideration for analysts and investors. REVENUE RECOGNITION The question of when to recognize revenue is quite straightforward… Read more »

New Revenue Recognition Standards on the Way for Contractors

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting.

Contractors should be educating themselves on the impact of the new proposed revenue recognition standards and the recently published (June 24, 2010) exposure draft pertaining to revenue from contracts with customers. Public comments are due October 22, 2010, and it is expected the standards will be finalized in 2011. Questions: 1. What are some of… Read more »

Mortgage Fairs

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting, Video Updates.

Given the last year’s trend, is there an end in sight to new record-low interest rates? For example, on July 22, Freddie Mac’s Primary Mortgage Market Survey, which provides a snapshot of national average mortgage rates, reported a national average rate of 4.56% with 0.7 points on a 30-year fixed-rate mortgage. At the same time… Read more »