The corporation will already be keeping a set of accounting books, will already have a checkbook.
The same techniques allow Alcoa to close the monthly accounting books on 270 plants worldwide in 2 days instead of 10.
The report said the U.S. commander in charge of training Iraqi forces reported about 185, 000 AK-47 rifles, 170, 000 pistols, 215, 000 items of body armor, and 140, 000 helmets were issued to Iraqi security forces as of September 2005, while the accounting books from the U.S. military contained records for only about 75, 000 AK-47 rifles, 90, 000 pistols, 80, 000 items of body armor, and 25, 000 helmets.
The board is being given incredible powers, among them the right to paw through the financial documents of clients of any accounting firm auditing the books of publicly held companies.
When you hire a banker, you ask it to do certain things but delving into the books, doing accounting and finding fraud is not one of them.
According to AICPA rules for auditor independence, PwC can support software development and implementation for its audit client if that system is not the financial accounting software that produces the books and records the firm will audit.
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Because their accounting is off-the-books and the ownership of these businesses is notoriously opaque, it is difficult to gauge their value.
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Merck is being accused of playing games with its books based on an accounting strategy used by its Merck-Medco pharmacy benefits arm.
The US company, in accordance with the terms in its contract, makes quarterly payments to the national oil company, accounting for everything accurately in its books.
On the other hand, for small companies outside of New York and London, a secondary listing anywhere would be prohibitively expensive, especially if it means keeping two sets of books to satisfy differing accounting standards.
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Enron's auditor, Andersen, which also earned lucrative consultancy fees from the energy giant, failed to spot accounting irregularities in the company's books.
E-books continued to be popular, accounting for 13-14% of book sales.
To some, routing the extra spending through an EU agency rather than putting it through the books of member governments smacked of creative accounting.
Next year's introduction of consolidated accounting will force companies to take on to their books subsidiaries in which they have effective control, even though they may have only a minority stake.
The company had offices in London and Miami, and because Fluxman knew both British and American accounting rules, he was able to square the books and save a bundle in audit fees.
And, in the new financial year, changed accounting rules will oblige banks to carry shares on their books at market value.
Enron's collapse last December was partly blamed on questionable accounting that kept hundreds of millions of dollars in debt off its books.
As the recent accounting debacle at Fannie Mae shows, how a company keeps its books is just as important as how it is governed.
It wasn't until university, where he studied the liberal arts in order to escape accounting, he says, that he learnt which were the important books.
For example, accounting classes will stress judgment calls about what revenue can be kept off the books, along with the math behind those revenue calculations.
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All accounting entries of a grantee must be supported by appropriate source documents, recorded in books of original entry, and posted to a general ledger on a monthly basis.
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Despite strong tax receipts, the government will balance its books this year thanks only to the sale of oil concessions and some creative accounting.
They do not have the safety-valve of banking books, where souring assets can escape the rigours of mark-to-market accounting.
Yep, that's a straight-up network neutrality issue, but the carriers are framing it like it's an accounting problem -- and they're not being shy about wanting more cash to even out the books as they invest in next-gen networks.
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