BNET Business Dictionary
Business Definition for: Accounting Year
- the 12-month accounting period
Additional Resources
- Statewide Financial Corporation Reports Quarter, Fiscal Year Results and Changes in Accounting Year; Third Quarter Net Income was $.5 million; Abbreviated Fiscal Year Net Income was $1.6 million; Changed Fiscal Year End from March to December; Restructure
- JERSEY CITY, N.J.--BUSINESS WIRE--Jan. 30, 1996--Statewide Financial Corporation (NASDAQ: SFIN), holding company for Statewide Savings Bank, S.L.A., announced third fiscal quarter net income of $.5 million, down from $1.1 million for the same period last year. Results of the period include net of tax charges of $637,000 from security sales...
- Research articles 1996-01-30
- Avis Europe plc Preliminary Results for the Year Ended December 31, 1998
- BRACKNELL, Berkshire--BUSINESS WIRE--Feb. 24, 1999--Avis Europe plc, the leading car rental company in Europe, Africa, the Middle East and Asia, today announced a significant increase in earnings for the period to December 31, 1998. The Group announced in April 1998 a change in accounting year end from February 28 to...
- Research articles 1999-02-24
- Four-year income spread requires prompt evaluation
- The Internal Revenue Service recently announced an opportunity for some partners and S corporation shareholders to spread out income that is realized in any short year generated by certain accounting year changes by their S corporation or partnership. Unfortunately, this opportunity--in the form of Revenue Procedure 2003-79--allows the S corp...
- Research articles 2003-11-24
- AT A CROSSROADS: PANEL TO START REVIEW OF RULESFOR ACCOUNTING; IASB could adopt rule similar to that of U.K.(International Accounting Standards Board,)(Brief Article)
- LONDON - Global pensions accounting rules are at a crossroads. The International Accounting Standards Board, London, this year will begin reviewing its rules for pension accounting as part of an attempt to harmonize global rules. The review now LONDON -...
- Research articles 2002-04-01
- Accounting for Enron; Schools hope scandal doesn't hurt enrollment.
- Local colleges and universities hope the Enron Corp. accounting scandal won't hamper the success they've had in the past year in boosting sagging accounting-program enrollments. Certainly, local accounting-firm recruiters said, it's too early to p Local colleges and universities hope the Enron Corp....
- Research articles 2002-02-25
- Tighter accounting standards for risky tax deals.(ENFORCEMENT)
- Tighter accounting standards for risky tax deals won't be delayed for a year, as many businesses wanted. They sought the extra time to get their accounting systems ready for new rules instituted by FASB, the Financial Accounting Standards Board. St Tighter accounting standards for...
- Research articles 2007-01-26
- FASAC announces 2006 priorities.(Financial Accounting Standards Advisory Council)(Brief Article)
- For the fourth consecutive year, the Financial Accounting Standards Advisory Council FASAC of the Financial Accounting Standards Board FASB was queried about top priorities for the coming year. The board believes it appropriate to take a fresh lo For the fourth consecutive year, the Financial Accounting...
- Research articles 2005-12-01
- Here Comes IFRS, a Whole New Accounting System
- Executives may think they have a lot on their plate, but they soon will have to make room for one thing more -- a whole new accounting system. Indeed, the International Financial Reporting Standards (called “Eye for Sâ€) is about to become a big part of their...
- Blog posts 2008-04-08
- Microsoft's entrance draws attention of SMB accounting vendors.(INTUIT AND MICROSOFT: FACE OFF FOR SMALL BUSINESS ACCOUNTING MARKET)
- Over the last year, much of the attention in the small business accounting area has been focused on the brewing showdown between Intuit's QuickBooks software and the just-released Small Business Accounting program from Microsoft. The entrance of Micr Over the last year, much of the attention...
- Research articles 2005-10-01
- Comparing apples to apples: alternative accounting calendar lets retailers track sales better
- The Julian calendar is commonplace in modern society. It has united the world under one accepted measurement of time. But with its uneven monthly divisions, is it the most efficient accounting calendar for retailers who need to compare peak sales month to month and year to year? IN SEARCH...
- Research articles 2007-01-01
- Fitch on Global Accounting Risks: 2005 is the Year of Restatement
- LONDON -- The year 2005 will be the "Year of the Restatement," according to a new accounting outlook report from Fitch Ratings. Outside the U.S., this will result from thousands of companies switching from local accounting standards to International Financial Reporting Standards IFRS and restating their 2004 balance sheets. For...
- Research articles 2005-03-14
- Advisory: Potential Changes in Accounting for Stock Options
- Investor concerns, a likely pronouncement by the International Accounting Standards Board IASB and the six-year-old stance of the Financial Accounting Standards Board FASB, have combined to create renewed interest in accounting for stock options and other equity incentives via the "fair value method" rather than the current "intrinsic value method"...
- White papers 2002-08-01
- Retiree benefit accounting rule to affect profits.
- Retiree Benefit Accounting Rule To Affect Profits After more than a year of wrangling, the Financial Accounting Standards Board has approved a draft ruling that promises to hit employers squarely in their financial statements by requiring them to acRetiree Benefit Accounting Rule To Affect...
- Research articles 1990-10-29
- Insurers react to FASB ruling on funded covers. (Financial Accounting Standards Board)
- Insurance industry support for a new standard designed to govern the accounting of multi-year, retrospectively-rated contracts may vary, but executives expressed hope that the measure will provide a needed consistency in accounting for such contracts Insurance industry support for a new standard designed to govern ...
- Research articles 1993-08-02
- Intuit restructures its accounting focus
- PLANO, TEXAS -- Slightly more than a year after launching Professional Accounting Solutions as the umbrella organization for all its accounting-focused operations, Intuit Inc. has eliminated that unit in a restructuring of its approach to the profes PLANO, TEXAS -- Slightly more than a year...
- Research articles 2004-01-12
- Accounting giant makes a small push. (Arthur Andersen LLP acquires Kopperman and Wolf Co.)
- Arthur Andersen taps Kopperman & Wolf Accounting giant Arthur Andersen LLP has swept up its second local accounting firm in six months as part of its strategy to serve the small business market. Kopperman & Wolf Co., a 41-year-old Cleveland-baArthur Andersen taps Kopperman & Wolf ...
- Research articles 1998-03-23
- Conceptual framework, revenue recognition top FASAC priority list.(financialREPORTING)(Financial Accounting Standards Advisory Council )
- For the fifth consecutive year, the conceptual framework and revenue recognition have topped the list of issues that Financial Accounting Standards Advisory Council FASAC members believe should be the Financial Accounting Standards Board's FASB t For the fifth consecutive year, the conceptual framework and revenue...
- Research articles 2006-12-01
- Lawrence W. Smith named to FASB.(financial reporting)(Financial Accounting Standards Board)(Brief article)
- Lawrence W. Smith was appointed by the Financial Accounting Foundation Board of Trustees to a five-year term as a member of the Financial Accounting Standards Board FASB beginning on July 1. He is replacing Edward W. Trott, who will retire from FAS Lawrence W. Smith was...
- Research articles 2007-06-01
- "Mark to Market" Accounting: Amend It, Don't Suspend It
- Criticized for worsening the financial crisis, "mark to market" accounting needs to be amended but not suspended, panelists said at an SEC roundtable discussion today. "Breaking or tweaking the thermometer while the doctor is examining the patient isn't going to save him but we need to set...
- Blog posts 2008-10-29
- It Could Cost $32 Million for an Early Switchover To IFRS Accounting
- It could cost up to $32 million for a U.S. company to switch over to a new international accounting system if it chooses to be one of the first to do so, accorsing to a report by the U.S. Securities & Exchange Commission. About 110 companies could...
- Blog posts 2008-11-27
