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...
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...
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...
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...
The Financial Accounting Standards Board ("FASB"), the body that promulgates accounting standards in the United States, is in the midst of a broad reconsideration of existing accounting guidance for presenting business acquisitions.
The true impact of slotting fees will no longer be so easy to sweep under the rug, reports Retail NewsBeat. The Financial Accounting Standards Board has ruled that slotting fees must be deducted directly from a vendor's revenues rather than being classified as a marketing expense,...
GAO report finds fees far exceed expenses Securities fees collected by states were more than six times the cost of regulating the industry in 1998 and 1999, according to a report by the General Accounting Office released in mid-September. ...
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...
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...
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...
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...
Not surprisingly, consumers are not affected uniformly by financial institution fees, according to new research. More suprising, however, is how the type of fees may affect how satisfied consumers are with their institution. According to Forrester Research Group, more consumers are charged ATM fees than non-sufficient-funds fees. But consumers...
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...
Even the Army is confused by universal-service fees. The canny pass-through of the fees by carriers such as AT&T [T] has resulted in a public, congressional and legal backlash. Now even the Army's Fort Sam Houston has asked the General Accounting Office if it can avoid the charges....
Recent guidance from the Department of Labor DOL has given plan sponsors the green light to pass on 401k administrative fees to individual participants. But that doesn't necessarily mean employers will go full speed ahead with this initiative. Plan administrative fees include recordkeeping, accounting and legal and trustee services...
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 ...
From basement workbenches to national labs, creative minds are constantly developing what they hope will prove popular and useful products. With a patent, these inventors can establish a right to profits from the commercialization of their innovations. A congressional audit now reports that fees to cover the costs of processing...
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...
It could take months, if not years, before the SEC and regulators respond to complaints that access fees are not assessed fairly. Dealers are hot under the collar, saying access fees hurt business. Some ECN officials counter that fees are critical for the viability of electronic trading. Regulators,...
It could take months, if not years, before the SEC and regulators respond to complaints that access fees are not assessed fairly. Dealers are hot under the collar, saying access fees hurt business. Some ECN officials counter that fees are critical for the viability of...