BNET Business Dictionary

Business Definition for: Accounting Fees

  • fees paid to an accountant for preparing accounts (such fees are tax-deductible)

Additional Resources

Macy's racks up fees of $4.9M. (R.H. Macy & Co. bankruptcy legal and accounting fees) (Brief Article)
NEW YORK FNS -- Lawyers, accountants and investment bankers working in the R.H. Macy & Co. Chapter 11 case are seeking $4.9 million in fees and expenses for the three-month period ending Jan. 31, 1994. The largest single bill -- $1.5 million...
Tags: Macy's Inc.
Research articles 1994-03-03
In a high audit environment, higher accounting fees may be a blessing.(Brief Article)
May 05, 2005 (The Age - ABIX via COMTEX) Small business owners should carefully weigh the decision of whether to change accountants. The fees charged by many accountants have risen since 2000, when Australia's goods and services tax was introduced. However, the Australian Taxation...
Tags: accountant, accounting, audit, Australian Taxation Office, environment, FINANCE, Taxes
Research articles 2005-05-05
Getting a handle on loan fees: financial institutions - from community banks and credit unions to home-financing giant Fannie Mae - have had to restate their financial results, in part because of faulty accounting for loan origination fees.
During the housing boom of 2001-2005, lenders earned substantial fees from loan origination. Such fees are accounted for according to FASB Statement no. 91, Accounting for Nonrefundable Fees and Costs Associated With Originating or Acquiring Loans an During the housing boom of 2001-2005, lenders earned substantial...
Tags: accounting, Fannie Mae, financial
Research articles 2007-08-01
IMAX F3Q07 (Qtr End 9/30/07) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Rich Ingrassia - Roth Capital Partners. Brad Wechsler Rich, we can't hear you. Operator Mr. Ingrassia, is your line on mute, sir? We will go to the next question. Brad Wechsler Operator? Operator...
Tags: Accounting, R&D, Call Transcript, Earnings, Question, Research & Development, Operational Accounting, Financial Services, Business Operations, Finance, Seeking Alpha
Earnings calls 2007-11-09
Everyone should bear the cost of accounting oversight. (The Spirit of Accounting)
On March 14, 2003, the Public Company Accounting Oversight Board solicited comments on its proposed funding plans under the guidelines of the Sarbanes-Oxley Act of 2002. Under the Sarbanes-Oxley Act, the PCAOB's financial support is to come from fees paid by public accounting firms and public companies. The...
Tags: accounting, board, FINANCE, financial, Financial Accounting Standards Board, PCAOB
Research articles 2003-05-05
Silly GAO -- it wants funds to talk fees.
I paid how much for that mutual fund? That's what many investors are likely to say if the federal government has its way. The General Accounting Office on Wednesday issued a report on mutual fund fees that recommends that fund companies ...
Tags: fund company, General Accounting Office, investor, mutual fund
Research articles 2000-07-10
GSA schedules a cash cow; lower fees proposed.(General Services Administration )(Brief Article)
The Office of Management and Budget and the General Accounting Office called on the General Services Administration to reduce the fees it charges on purchases through GSA schedules. The Office of Management and Budget and the General Accounting Office called on the General Services...
Tags: U.S. General Services Administration
Research articles 2002-09-06
FURTHER EVIDENCE ON THE DETERMINANTS OF AUDIT FEES OF ENERGY FIRMS
The nature of the market for audit services of energy firms has long been an area of interest to accounting researchers and government regulators. One area of research focus has been the amount charged by public accounting firms to conduct the required annual audits of energy companies. Although previous studies...
Tags: audit, FINANCE, sec, Williams
Research articles 2003-10-01
Actuate Corporation Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Andrew Lee for Nathan Schneiderman - Roth Capital Partners. Andrew Lee for Nathan Schneiderman - Roth Capital Partners Could you explain why G&A expenses were up so much in Q1? Were there any one-time expenses we should know about?...
Tags: Accounting, Actuate Corp., License Revenue, Call Transcript, Earnings, Pipeline, Operational Accounting, Financial Services, Finance, Seeking Alpha
Earnings calls 2009-04-30
GAO: overbuilds cut rates 15%-41%: report renews focus on competitive markets, though cable says sample is too small.(Policy)(General Accounting Office)
The General Accounting Office has completed a seven-month audit of six markets with competitive wireline telecommunications providers, concluding that consumer fees are generally lower in "overbuilt" markets than elsewhere. The repo The General Accounting Office has completed a...
Tags: cable, Comcast Corp., competitive market, General Accounting Office, Qwest Communications Inc.
Research articles 2004-02-16
MUTUAL FUNDS: SEC action casts doubt on performance fees; Accounting mistake illustrates another reason why fees are not popular among firms.(News)
Byline: David Hoffman Action taken this month by regulators makes it harder for mutual fund advisers to rationalize charging performance-based fees, according to several industry experts. That is a shame, because such fees, which go up or down d Byline: David...
Tags: accounting, mutual fund, performance, SEC
Research articles 2006-09-18
Inside Apple's iPhone subscription accounting changes
By Daniel Eran DilgerPublished: 01:30 PM EST Apple's April 2007 Q2 earnings call announced that the company planned to book revenue for its new iPhone and Apple TV using the "subscription method of accounting," a decision that startled analysts and left many users confused. Here's what resulted and why the...
Tags: Apple Inc., Apple iPhone, Enron Corp.
News items 2009-10-21
Accounting for mortgage servicing rights
Is it time for the Financial Accounting Standards Board FASB to amend the Statement of Financial Accounting Standards SFAS No. 65, Accounting for Certain Mortgage Banking Activities, again? Yes, and this time it's SFAS No. 122, Accounting for Mortgage Servicing Rights, amending SFAS No. 65 (the third amendment since the...
Tags: accounting, FINANCE, Mortgages
Research articles 1995-09-01
BJ'S Wholesale Club, Inc. Says Membership Income Accounting Complies With All Applicable Standards
NATICK, Mass.--BUSINESS WIRE--Sept. 3, 1998--BJ's Wholesale Club, Inc. (NYSE:BJ) said today that it recognizes membership fees upon receipt of the members' payment. The company has been consistent in its recognition of membership fees since its inception in 1984. The company also said it is not aware of any accounting pronouncement...
Tags: accounting, BJ's Wholesale Club Inc., membership fee
Research articles 1998-09-03
BJ'S Wholesale Club, Inc. Says Membership Income Accounting Complies With All Applicable Standards
NATICK, Mass.--BUSINESS WIRE--Sept. 3, 1998--BJ's Wholesale Club, Inc. (NYSE:BJ) said today that it recognizes membership fees upon receipt of the members' payment. The company has been consistent in its recognition of membership fees since its inception in 1984. The company also said it is not aware of any accounting pronouncement...
Tags: accounting, BJ's Wholesale Club Inc., membership fee
Research articles 1998-09-03
BJ'S Wholesale Club, Inc. Says Membership Income Accounting Complies With All Applicable Standards
NATICK, Mass.--BUSINESS WIRE--Sept. 3, 1998--BJ's Wholesale Club, Inc. (NYSE:BJ) said today that it recognizes membership fees upon receipt of the members' payment. The company has been consistent in its recognition of membership fees since its inception in 1984. The company also said it is not aware of any accounting pronouncement...
Tags: BJ's Wholesale Club Inc., income, membership fee
Research articles 1998-09-03
Public company regulator begins collecting fees
The Public Company Accounting Oversight Board has begun notifying publicly-traded companies, investment companies and other equity issuers of the accounting support fees that they will pay to fund the operations of the PCAOB, as required by the Sarbanes-Oxley Act of 2002. The Securities and Exchange Commission approved the rules last...
Tags: accounting, equity, FINANCE, regulator, SEC
Research articles 2003-09-01
Harris L. Bonnett of Purcell, Flanagan & Hay, P.A. gave presentations on "Preserving Disputed Items for IRS Appeals, Recovering Your Fees and Administrative Cost in IRS Disputes, and Florida's New Uniform Principal and Income Accounting Act for T
Harris L. Bonnett of Purcell, Flanagan & Hay, P.A. gave presentations on "Preserving Disputed Items for IRS Appeals, Recovering Your Fees and Administrative Cost in IRS Disputes, and Florida's New Uniform Principal and Income Accounting Act for Trusts" at the annual convention of the Florida Society...
Tags: agent, FINANCE, Florida, income, Internal Revenue Service
Research articles 2004-09-15
Use of Rule 12b-1 Fees by Mutual Funds in 1999
This paper documents the various uses of 12b-1 fees. To this end, the Investment Company Institute ICI surveyed its members with 12b-1 plans, asking each to report the dollar amount of 12b-1 fees paid by their funds in the most recent twelve-month accounting period and to allocate those fees among...
Tags: Investment Company Institute, Mutual Fund, Mutual Funds, Retirement Plans, Operational Accounting, Financial Services, Human Resources, Benefits, Finance
White papers 2000-04-01
Airlines have a new target: higher CRS booking fees. (In the News).(investigation of central reservation systems)(Brief Article)
WASHINGTON--CRS booking fees are coming under renewed fire from airlines that say exorbitant fees are the real problem with distribution, not the loss of travel agent commissions, lack of access to Web fares or unfair competition from such airline-owned sites as Orbitz. And now it appears...
Tags: agent, American Airlines, General Accounting Office, Orbitz, senator
Research articles 2002-05-20
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