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BNET Business Dictionary
- Accounting
- a generic term for all the activities conducted by accountants, for example, bookkeeping and financial accounting. Accounting involves the classification and recording of monetary transactions;...
- Accounting definition on BNET »
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- Beazer Homes Releases Long Awaited '07 Results
- NEW YORK (Reuters) - Home builder Beazer Homes USA (BZH) said on Monday that it lost $10.70 per share in fiscal 2007, it released restated results for several years, and said it remains the target of several state and federal investigations. Beazer said...
- News items 2008-05-12
- Benchmarks and Best Practices in accounting, Focus Area: Payroll
- Compare your organization to your peer groups and discover ways to improve your accounting performance. How do centralized accounting operations compare to decentralized ones? Learn the answer to these questions in this excerpt from APQC's new benchmarking and best practices book, By the Numbers: Accounting. It tells...
- White papers
- Standard Form 1408, Preaward Survey Of Prospective Contractor (accounting System)
- When the government evaluates a bid for goods or services, first it determines whether the bid meets all specifications, then it determines if you can meet those specifications - through a preaward survey. The form in this paper is used to determine your ability to meet the accounting requirements of...
- Tools & templates
- The Fair Value Approach in International Insurance accounting
- A proposed new standard for insurance accounting for assets and liabilities would, in case it is adopted, radically change insurance accounting reporting practices.The increased complexity of insurance-related products and the lack of transparency in the financial reporting of insurance are drawing the attention of regulators. Insurance regulators and accounting bodies...
- White papers
- Regulatory and Commodity Risk Management Services for Energy and Chemical Manufacturing Corporation
- Protiviti provided guidance and counsel around US GAAP accounting issues impacting the company natural gas storage strategy in preparation for management's discussion with their external auditors. Protiviti was engaged with this company to develop formal documentation and provide guidance on the financial hedging activities on their natural gas storage. Formal...
- Case studies
- Understanding WorldCom's accounting Fraud: Did Groupthink Play a Role?
- WorldCom, Inc. perpetrated the largest accounting fraud in U.S. history. WorldCom, now called MCI, emerged from bankruptcy protection on April 20, 2004 after being fined $750 million. In total, WorldCom reported accounting irregularities of $11 billion. While employees and investors look for individual culpability, much of WorldCom's organizational structure and...
- White papers
- Industry Insight: New Environment
- Protecting intellectual property is paramount in the pharmaceutical industry. The new rules require that companies disclose their reasons for doing a deal and paying a premium over book value. Because this is sensitive data in a consolidating industry, companies and their advisers must develop best practices for complying with these...
- White papers
- The Role of Performance Measures in Predictive accounting, Part 1
- Predictive accounting seeks to understand the future. It is neither a crystal ball nor the wicked witch's mirror. It is based on the observation that all work comes from repeatable processes. A repeatable process implies that processes show consistent results within a set of conditions. Changed conditions introduce variation into...
- White papers
- A Treasurer's Guide to Shared Services: Sharing Services With Your Bank
- Better cash and currency management, better management information and benchmarking throughout the organization will result, but worth more still is the management time that is freed to think, analyze investment proposals, and make better use of financial instruments - in short, to help manage the business rather than gather and...
- White papers
- Case Study: Retail Solutions Vendor
- This retail solutions vendor provides software and services that manage strategic pricing and inventory management operations for grocery businesses. The retail solutions vendor was a rapidly growing company needing to consolidate and streamline its accounting. The retail solutions vendor was able to meet all of its business requirements for a...
- Case studies
- Case Study: iPhrase Technologies
- iPhrase is a leading provider of innovative search and customer interaction solutions that help companies automate their sales, service, and support operations. Planning for growth meant moving from the financial tools that got them started to a scalable infrastructure that would eliminate spreadsheets for deferred revenue, maintenance renewals, and provide...
- Case studies
- Case Study: Fischer International
- Fischer International develops, markets, licenses and supports enterprise messaging, identity management, and mainframe utility software. Fischer was laboring under the inefficiencies of using a desktop accounting package and a series of spreadsheets for all its accounting activities. When international transactions were added, the finance department realized it simply couldn't process...
- Case studies
- Case Study: Actify
- Actify's software enables digital product design data to be shared easily between manufacturers and their suppliers, without requiring expensive computer-aided design (CAD) software on every desktop. The client needed to consolidate customer data, automate accounting functions and manage the task of providing accurate invoices to resellers in many different countries....
- Case studies
- Sage Software Case Study: American Building Contractors, Inc.
- American Building Contractors needed to replace an inefficient and non-integrated production and accounting system with one that can efficiently and accurately track jobs and receivables. The company implemented a highly customized version of Sage CRM SalesLogix with integration capabilities to their accounting solution and notifications to alert team members of...
- Case studies
- Managerial Cost accounting Policy
- This report establishes departmental policy for managerial cost accounting. Managerial cost accounting is the process of accumulating, measuring, analyzing, interpreting, and reporting cost information useful to both internal and external groups concerned with the way in which the organization uses, accounts for, safeguards, and controls its resources to meet its...
- White papers
- Siemens: Streamlining Finance and accounting Services
- Siemens had a challenge to generate enough cash to aggressively grow its business by 2001. A key element of the plan called for generating more business outside Europe, in the Americas and Asia Pacific region, leaving about 50 percent of its sales in Europe. This was a complex, multi-fold challenge....
- Case studies
- Contract Reviews - and Managing Related Risks
- Without proper accounting treatment, adequate legal review and compliance enforcement, a contract may not be worth the paper it's written on. Even a good contract can end up exposing a company to legal liabilities and unforeseen expenses if a company does not ensure that the terms of the contact are...
- White papers
- The Role of Performance Measures in Predictive accounting, Part 2
- Performance evaluation provides valuable feedback on how effectively a work group's activities create value - how well a department has used its allocated resources to deliver a targeted level of service. Performance evaluation should be a constructive process. The evaluation must be sufficiently specific to inform and guide the manager...
- White papers
- Upgrade Your Inventory and accounting Systems
- Asian and Hispanic foods retailer Atlanta Oriental Food Wholesale Co. (AOF) has unique needs. Many of its employees speak only Korean, and it receives products from hundreds of importers. As a result, when the company began looking into upgrading its inventory and accounting systems in 2003, it could not implement...
- Case studies
- Following Up on accounting and Audit Complaints: Compliance With Sarbanes-Oxley Section 301.4
- Among the many provisions that companies are busy complying with is Section 301, of Sarbanes-Oxley Act, which addresses audit committees. Section 301.4 requires that audit committees establish procedures for the receipt, retention and treatment of complaints regarding accounting, internal controls and other auditing matters. The procedures used must allow for...
- White papers
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