William had significant income from an accounting practice, while day to day operation of the farm were handled by Randall.
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Critical to super-charging your accounting practice is the ability to bring in new, high-quality, well-paying clients on a consistent basis.
There have always been concerns that a particular pension accounting practice is either opaque, or deceptive, or impractical, or all of the above.
New Constructs includes off-balance sheet debt in all of its reports and adjusts the reported earnings of all companies for this misleading accounting practice.
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Schiller, who later pled guilty to Medicare fraud, said he had earned the stolen money honestly through an accounting practice and other investments and businesses.
For example: the Nortel Networks Corporation accounting practice.
In practice, accounting changes may have forced pension funds to pay more attention to the short term.
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This might sound like it doesn't have much to do with accounting scandals, but in practice it does in a potentially significant way.
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The accepted practice in bank accounting is to set up significant loan-loss reserves only when the commitment is availed of and the arrangement becomes an on-balance-sheet loan.
McGladrey is the next tier public accounting firm with the alternative practice structure and exposure to Madoff and Petters fraud litigation as well as responsibility for the Sentinel fraud.
Mr. Bisgay is a certified public accountant and was employed in the Financial Services Industry Practice at the accounting firm of PricewaterhouseCoopers LLP from 1989 to 2001, most recently as a Senior Manager.
Since 2002, when an accounting-rule change ended that practice, goodwill has had to be tested every year for impairment.
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"The market actually affords career opportunities, because businesses are highly focused on solving problems and if you can help solve those problems you become integral to the organization, " says Jeff Summer, principal with PricewaterhouseCoopers and lead of the accounting firm's talent-management practice.
Merck spokeswoman Gwen Fisher said Merck is confident that Medco's practice is in accordance with Generally Accepted Accounting Principles, and added that the company did not want to make any further comment because it is in a quiet period preceding the Medco IPO.
The accounting firm also agreed to permanent restrictions on its tax practice.
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Critics say the practice, also known as fair-value accounting, overstates losses.
The SEC claims that in July 2008 Yorkville changed its valuation policy for these illiquid investments in a way that was inconsistent with how the valuation practice was represented to its investors and its accounting firm.
Sarbanes-Oxley, the often-reviled law that requires enhanced disclosure of accounting practices, seems to have put a stop to the backdating practice after its passage in 2002.
Practice Tip: Always get audited financial statements, and from a major accounting firm.
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Kadet, who was in private practice for more than 32 years working in international taxation for major international accounting firms.
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By becoming a thought leader, which for the greater majority of accounting firms is the optimal business development methodology, you can seriously super-charge your practice.
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