Results 151 - 200 Unorthodox use of revaluation reserve. // Accountancy; Apr87, Vol. 99 Issue 1124, p43 Reports that the British firm Grand Metropolitan PLC has written off goodwill acquired during the year ended September 30, 1986 against revaluation reserves. Amount of goodwill written off; Total aggregate goodwill written off; Accounting standards related to goodwill; Goodwill accounting... Countryside Properties. // Accountancy; Apr96, Vol. 117 Issue 1232, p79 Reports on Countryside Properties decision to write-off interest payable on residential projects to the profit and loss account as incurred starting October 1, 1994. Total loss before tax for the year ending September 30, 1995 in the absence of accounting policy change. Borrowing Just Got Harder. Marich, Robert // Broadcasting & Cable; 8/11/2008, Vol. 138 Issue 31, p2 The article reports on the financial restriction imposed on television broadcasting companies in the U.S. The restriction has become even tighter as several firms are suddenly reporting a succession of non-cash write-offs on shares of their asset bases. Lenders were so disappointed to find out... Money Management Q&A. Marich, Robert // Medical Economics; 12/7/2007, Vol. 84 Issue 23, p69 The article presents questions and answers related to money management which includes how to gain a larger writeoff when buying equipment, when to consider a life settlement, and how to avoid debts a persons contractor owes. Bankruptcy Data Fail to Dim View On Credit Quality. Lee, W.A. // American Banker; 8/20/2003, Vol. 168 Issue 160, p2 Despite another record for bankruptcy filings, economists are standing by their assertions that chargeoffs in the credit card market are on the decline in the United States. The second-quarter peak we saw with bankruptcies is consistent with the peak we saw with chargeoffs, Standard & Poors... Dont write the banks off just yet. Lee, W.A. // Mortgage Strategy; 11/12/2007, p55 The article relates the authors view on the lack of confidence in the banking sector in Great Britain. He infers that this is due to the full extent of the liquidity crisis that still unknown. However, he cites that apparently the industry have seen unending climb in profits for many years,... Northeast loses $9.4 million; to shed realty. Horowitz, Jed // American Banker; 7/13/1993, Vol. 158 Issue 132, p6 Reports on Northeast Federal Corp.s 1993 second quarter loss as a result of an $18 million provision for future loan losses and for writeoffs related to foreclosed real estate that it plans to sell. Plan to file a rights offering proposal; Comparison the 1992 second quarter; Drop in shares value. Ala. Bank Writes Off $2.6M Claim, Restates 99 Net. Agosta, Veronica // American Banker; 3/8/2000, Vol. 165 Issue 46, p6 Reports that Community Bancshares Inc. of Blountsville, Alabama has its 1999 earnings revised downward. Write-off recommended by the United States Federal Deposit Insurance Corp.; Failure of a lingering claim, a receivable and related earnings, from its fidelity bond carrier to materialize. New accounting rule brings big write-offs. Rutberg, Sidney // WWD: Womens Wear Daily; 4/15/1996, Vol. 171 Issue 73, p14 Reflects on a number of companies that had write-offs for impairment of long-lived assets in the fourth quarter for 1995. Reference to Bradlees Incorporated and Kmart Corporation; Comment about the introduction of a new accounting standard called FAS121; Approval of the standard by the Financial... Income Drops At US Bancorp. Cornwell, Ted // National Mortgage News; 10/27/2008, Vol. 33 Issue 6, p17 The article reports on the decrease of profit at U.S. Bancorp, a financial services holding company with headquarters in Minneapolis, Minnesota. The company suffered from an income fall to approximately half of the level from the year-earlier period. Valuation impairment to the banks investment... Writedown Hurts Astoria Financial. Cornwell, Ted // National Mortgage News; 10/27/2008, Vol. 33 Issue 6, p17 The article reports on the impact of the impairment of investment in the U.S. government sponsored enterprise Freddie Mac preferred securities on New Yorks Astoria Financial Corp., parent company of Astoria Federal Savings & Loan Association. The parent company lost U.S. $16.5 million in the... Smaller Appetite for Risk Could Lower U.K. Assets. Cornwell, Ted // American Banker; 6/28/2010, Vol. 175 Issue 98, p12 The article discusses the Bank of Englands semiannual financial stability report, which found that banks in Great Britain continue to be susceptible to further writedowns on their assets because of investors decline for risk. Charge-Off Rates Rise. Cornwell, Ted // Mortgage Servicing News; Sep2006, Vol. 10 Issue 8, p3 The article reports on the study conducted by BenchMark Consulting which found that the charge-off rate by dollar volume has fallen while the number of consumer loan charge offs is rising in Atlanta, Georgia. The data suggest that lenders are changing off smaller balance consumer loans. The... Dont overlook these deductions. Cornwell, Ted // Consumer Reports Money Adviser; Mar2012, Vol. 9 Issue 3, p6 The article lists often-neglected U.S. tax write-offs that consumers might consider deducting from their tax bill. Specific deductions discussed include child-care and dependent-care credit, residential energy bills, non-cash charitable gifts, Medicare premiums, state and local government taxes,... Sneak Attack. Block, Julian // Financial Planning; Jun2003, Vol. 33 Issue 6, p111 Offers advice to financial planners in the U.S. in minimizing the hidden damage of stealth or back-door tax hikes. Types of write-offs in which the 3 percent itemized deductions do not apply; Significance of write-offs for equipment purchases to self-employed individuals. INSET: Pay More, Get... Unfamiliar auditing areas. Neil, Alexander // Accountancy; Oct74, Vol. 85 Issue 974, p130 This article discusses the importance of the use of basic principles in auditing. In a totally unfamiliar situation, the best possible guide to the special audit features is to list the items which are likely to constitute respectively the major sources of income, major changes against revenues,... Struggling firms stash away losses to cut future taxes. Schnitzler, Peter // Indianapolis Business Journal; 4/19/2010, Vol. 31 Issue 7, p7 The article reports on the plan of Conseco Inc. and other struggling firms to store their net operating losses in order to use it for future taxation in the U.S. It mentions that Conseco Inc., a Carmel, Indiana-based insurer, saves their huge losses for future federal tax savings. It states that... Superquinn value drops over �100 milion after property revaluations. Schnitzler, Peter // Checkout; Jul2010, Vol. 36 Issue 6, p10 The article reports on the decline of the value of Superquinn business after revaluations on the property assets of company owners Select Retail Holdings (SRH) because of the economic downturn in Ireland. Prepayment rush prompts Fla. lender to write down servicing portfolio by $15M. Hochstein, Marc // American Banker; 10/29/1998, Vol. 163 Issue 208, p9 Reports that falling interest rates has prompted BankAtlantic Bancorp to write down its servicing portfolio. Announcement of the writedown following an accounting adjustment by BankAmerica Corp.; Attempt to slow down the companys amortization process; `Macro hedge strategy employed by... Market Reactions to the Information Content of Earnings over Alternative Quarters. Hochstein, Marc // Journal of Accounting, Auditing & Finance; Fall90, Vol. 5 Issue 4, p567 The purpose of this paper is to offer an explanation for the recently documented higher forecast errors for fourth-quarter earnings and to examine the markets reaction to the information contained in the earnings reports of particular quarters. Our analysis indicates that the fourth quarter... HOW COST ACCOUNTING CAN RESULT IN WRITE-OFFS FOR AN ASSET-BASED LENDER. Rolfe, Andy // Secured Lender; Nov/Dec2003, Vol. 59 Issue 6, p44 Provides information on exaggerated inventory valuations and significant potential write-offs for an asset-based lender and describes how a lender can mitigate these risks. Information on inventory lending; Core problem in conventional cost-accounting practices; Advice for the lender in... Tax write-offs raise prices for the everyday fan. Hemingway, Paul // Business Journal (Central New York); 3/28/2003, Vol. 17 Issue 13, p23 Focuses on the impact of taxes on ticket prices for professional sports in the U.S. Reference to tax write-offs on companies buying game tickets; Increase in ticket prices; Implications for sports fans. Nimrod Failings Provide Bitter Lesson for BAE. Barrie, Douglas // Aviation Week & Space Technology; 2/24/2003, Vol. 158 Issue 8, p34 Reports that senior managers of BAE Systems have rebuffed any suggestions of resignations over two flawed programs that resulted in writeoffs of over one billion dollars while arguing that their campaign to re-cast elements of the British governments procurement policy was paying dividends. ... Methanex Writes Down Plants in Canada and New Zealand. Westervelt, Robert // Chemical Week; 11/26/2003, Vol. 165 Issue 43, p16 Reports on the decision of Methanex to write down the value of its methanol production assets at Taranaki, New Zealand and Medicine Hat, Alberta. Reason behind the move; Attempts of the company to find alternative feedstock sources; Future plans of Methanex for its operations. Washtenaw Takes $3.1M Hit. Shenn, Jody // American Banker; 4/26/2004, Vol. 169 Issue 79, p17 Washtenaw Group Inc. said on Friday that it lost $3.1 million in the first quarter because of a drop in mortgage originations from a year earlier and a $2.9 million writedown of its servicing portfolio. The Ann Arbor, Michigan holding company for the wholesale lender Washtenaw Mortgage Co. was... Triple-Digit Gains for Advanta. Kuykendall, Lavonne // American Banker; 8/6/2004, Vol. 169 Issue 151, p5 Reports the financial performance of Advanta Corp., an issuer of small-business credit cards. Reason the Pennsylvania company raised its 2004 earnings guidance; Decline in chargeoffs. Putting Humpty Back Together. Gambrill, David // Canadian Underwriter; Feb2012, Vol. 79 Issue 2, p42 The article discusses the emerging use of advanced vehicle technology (AVT) that is causing insurers to consider rates, write-offs and repairs in 2012. It states that costly repairs of AVT increases the severity of insurers claims costs even if claims frequency decreases, and that debates are... One-off charge. Gambrill, David // International Construction; Jan2012, Vol. 51 Issue 1, p10 The article reports on the 818 million dollars that will book by Holcim (US) Inc. in its account for the fourth quarter of 2011 and the companys decision to write-off its investment worth 438 million dollars. Discretionary write-downs, write-offs, and other restructuring provisions: a signalling approach. Frantz, Pascal // Accounting & Business Research (Wolters Kluwer UK); Spring99, Vol. 29 Issue 2, p109 This paper introduces a model seeking to explain the discretionary write-downs, write-offs, and other restructuring provisions reported by managers. The model comprises a firm, a manager, and a financial market. The firm is about to be restructured. The manager has some private information about... Bad loans start piling up. Fredrickson, Tom // Crains New York Business; 1/7/2008, Vol. 24 Issue 1, p2 The article reports on the double increase of bank charge-offs on bad commercial and industrial loans in the U.S. in the third quarter of 2007. 0.5% of total commercial and industrial loans in the third quarter is charged by 50 largest banks and thrifts and their holding companies in New York,... Critics questioning First Unions accounting for Money Store deal. Timmons, Heather // American Banker; 7/17/1998, Vol. 163 Issue 135, p1 Queries the basis of First Union Corporations valuation of Money Store. Details on First Unions acquisition of Money Store; Factors which prompted First Union to issue a zero-rated value of Money Store; Criticism of First Unions actions by analysts; Details on the complete writedown of Money... Arising from trade? Vaines, Peter // Accountancy; Jul2003, Vol. 132 Issue 1319, p109 The article analyzes a court case in Great Britain where a company decided that its income from customers overpayments should be tax-free. In 1993 the company changed its treatment of overpayments. It decided that the amounts written off were not trading receipts and were not taxable. The... CHARGEOFFS DOWN SLIGHTLY IN DECEMBER. Vaines, Peter // CardLine; 2006, Vol. 6 Issue 6, p20 This article reports on the decline of chargeoffs on securitized pools of card receivables in December 2005. The chargeoffs decreased 10 basis points to 7 percent in December from the previous month, but they remain artificially high because of the rise in bankruptcy filings in early October.... Degussa May Exit Pharma Intermediates. Scott, Alex // Chemical Week; 10/19/2005, Vol. 167 Issue 34, p26 The article deals with the revelation of Degussa that it has not ruled out exiting custom manufacturing of pharmaceutical ingredients. Degussas disclosure follows an announcement that it had taken a �850-million writedown in its third-quarter results against its fine chemical activities.... GRACE TO TAKE CHARGE AGAINST SECURED LOAN COSTS. Walsh, Kerri // Chemical Week; 3/7/2001, Vol. 163 Issue 10, p14 Reports on the amount to be taken off W.R. Graces 2000 earnings to account for potential additional taxes and interest related to loans secured by the cash value of its corporate-owned life insurance (COLI) policies. Net loss of the company after the charge; Earnings of W.R. Grace in 1999;... Akzo Under Investigation by U.S., European Regulators. Bown, Jessica // Chemical Week; 3/7/2001, Vol. 163 Issue 10, p19 Reports that Akzo Nobel is under investigation by antitrust authorities in the United States, Canada and the European Union as of March 7, 2001. Amount of write-offs taken by the chemical company for 2000; Penalty imposed on the company for participating in an international sodium gluconate... The new bloodstock regime. Luoni, Chris // Chartered Accountants Journal; May2007, Vol. 86 Issue 4, p21 The article focuses on the guidelines for horse breeding practitioners on bloodstock tax valuation regime in New Zealand. The bloodstock tax valuation changes include a decrease in the write-down period for stallions and the maximum write-down age for broodmares. The write-down rates should... How write-offs can be positive. Haylock, John // Chartered Accountants Journal; Jul2008, Vol. 87 Issue 6, p67 The author reflects on the impact of write-offs to many accountancy firms in New Zealand. He cites that various accountancy firms are experiencing write-offs for a number of clients which turned out to be stressful and frustrating on their part. He notes that the average accountancy firm will... ADP Writes Down Stake in Data Vendor. Schroeder, Mary // Securities Industry News; 01/22/2001, Vol. 13 Issue 4, p4 Reports the write-down of the Bridge Information Systems investment. Delay in the payment of dues by the company; Incompliance of Bridge with a bank credit agreement; Intention of the company to attract investors; Plan of the company to improve profitability and growth. The case for paying chargebacks. Dahl, Darren // Inc.; May2006, Vol. 28 Issue 5, p36 The article focuses on the advantages of chargebacks to retailers and vendors in the fashion industry. The retailer could increase the number of units it purchases and the vendor could establish its brand if a chargeback is involved. Start-up companies can use chargebacks to break into other... Card Delinquency Climbed in June. Dahl, Darren // American Banker; 8/26/2003, Vol. 168 Issue 164, p7 Delinquent and charged-off credit card accounts increased in June from a year earlier, Moodys Investors Service Inc. said. Chargeoffs rose 41 basis points, to 6.87%, and payments at least 30 days late rose 19 basis points, to 5.12%, according to the monthly credit card index that the New York... CRE Writedowns Lead to Loss at Trizec. Dahl, Darren // National Mortgage News; 12/2/2002, Vol. 27 Issue 11, p12 Reports on the net losses of Trizec Properties for the third quarter in the U.S. Rate of report funds from operation; Attribution of the losses on the writedowns of retails and entertainment properties; Recovery of assets to regain sales and leasing momentum. Fluor Takes Loss on Wind Farm Beset by Multiple Problems. Dahl, Darren // ENR: Engineering News-Record; 10/25/2010, Vol. 265 Issue 12, p7 The article reports on write-offs totaling 163 million U.S. dollars posted by Fluor Corp. due to problems with the construction of its Greater Gabbard wind farm in England. ACCOUNTING FOR THE INTANGIBLE. McAuliffe, Henry // Accountancy; Nov88, Vol. 102 Issue 1143, p28 Asserts that companies should be capitalizing their real assets, which may be the intangible ones. Complexities of accounting as the economy moves from based in agriculture to a manufacturing one; Characteristics of intellectual property; Possibility that a company has a poor profit record due... South Financial of S.C. in $3.4M Chargeoff. Thompson, Laura K. // American Banker; 10/2/2000, Vol. 165 Issue 189, p28 Reports on South Financial Group Inc.s announcement that it is charging off a $3.4 million loan to Video Update Inc., a Minnesota video store. Govt. mulls sops for handloom industry. Thompson, Laura K. // Man-Made Textiles in India; Dec2006, Vol. 49 Issue 12, p483 The article reports on the plan of the central government of India to write off approximately Rs. 1,000 crore of outstanding loans against the weavers of the country in an aim to support the endangered handloom industry. Union Textiles Minister Shankarsinh Vaghela said that a high-level meeting... RECORD CREDIT CARD CHARGE-OFFS FOR FDIC-INSURED FIRMS. Thompson, Laura K. // CardLine; 2006, Vol. 6 Issue 9, p27 The article reports on the rise in credit card loan charge-offs in the U.S. during the fourth quarter of 2005. Consumer bankruptcy filings has climbed up almost 32%, due largely to the new law that directs individuals into repayment plans rather than allowing them to dismiss delinquencies... Lilly writedown of PCS not unexpected. Cowans, Deborah Shalowi // Business Insurance; 06/30/97, Vol. 31 Issue 26, p3 Reports on Eli Lilly and Companys writedown of its investment in PCS Health Systems Incorporated. Information on the two companies; Reasons for the writedown; Reaction of financial analysts to the writedown. Nash Finch Posts Loss for 2012. HAMSTRA, MARK // SN: Supermarket News; 3/4/2013, Vol. 61 Issue 9, p8 The article reports on the business loss experienced by Nash Finch Co. for 2012 after writedowns totaling $133.5 million. TARGETS NOVEMBER CHARGE-OFF RATE INCREASES. HAMSTRA, MARK // CardLine; 1/2/2009, Vol. 9 Issue 1, p18 The article focuses on the increase of net charge-off rate reported by Target Corp. in Minneapolis, Minnesota in November 2008. The company says that its November net charge-off was 11% of credit card receivables, compared to the 10.2% in October. It also adds that is total delinquencies for... Previous 50 Results Next 50 Results connection.ebscohost/tag/WRITE-offs&offset=150
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