Hints and tips:
...The accounting firm said LumX has failed to fully impair the goodwill in the business as well as overstating the value of a deferred tax asset, meaning its full-year loss should be greater than the net loss...
...Adverse opinions are “incredibly uncommon” and public disagreements between company management and auditors are rarer still, says Chris Higson, a professor in the accounting faculty at London Business School...
...Pre-tax profits were almost 40 per cent higher and underlying margins ticked up. The challenges both face are unsurprisingly different....
...The Financial Reporting Council, which oversees the accounting and audit sector and faces dismemberment by John Kingman, ex-Treasury mandarin charged by the government with a review of its future, is also...
...tax, according to research by the Financial Times....
...Readers may recall that Quindell got in all kinds of hot water with accounting authorities, resolving a spirited debate between the FT’s Alphaville blog and fans of the Aim-listed company in the favour of...
...A fashion faux pas this morning from Burberry, which reported profits before tax £29m lower at £416m....
...CLSA forecast Slater & Gordon’s full year 2016 earnings before interest, tax, depreciation and amortisation at A$244m....
...specialist at PA....
..., and a reduction in net migration (accounting for an additional fall of 0.8%/year in GDP by 2021, so totalling 2.3%)....
...Both Mr Thompson and FT Money columnist John Lee advocate keeping a close eye on boardroom trades....
...Pension accounting conventions mean that as yields fall, so transfer values rise....
...Additional reporting by Jennifer Thompson in Tokyo...
...However, this was down to a non-cash $288.3m accounting gain from the company’s contract with China’s state-owned Shandong Iron & Steel Group....
...Pre-tax losses narrowed 27 per cent to £57.7m, accounting for restructuring costs of £46.2m, as the company continues its transition from catalogue sales to the internet....
...The group has changed its accounting period to bring it into line with its biggest shareholder, Guoco Group, the investment company with headquarters in Hong Kong that holds a stake of 74.5 per cent and...
...The manufacturer last year reported a pre-tax loss of £2.1m from revenues of £75m; it sold 1,502 vehicles in the UK and 705 internationally....
...The UK is still Asos’s core market, accounting for about 40 per cent of full-year sales....
...Jeremy Newman, former chief executive of BDO International, an accounting and consulting firm, will join as a consultant to assist with the turnround....
...An average of 14 pubs per week closed in the UK between December 2010 and June this year with beer-tied pubs accounting for an average of nine per week according to Camra, which has criticised the beer tie...
...In 2010, Spirit generated £17m FCF outflow after all capex, and in 2011 and 2012 we forecast this outflow to widen to £25m pa....
...Nick Thompson is aware of the need to make acquisitions and took a good look at SMC last year....
...KPMG claims it is the Scottish leader in tax, restructuring and forensic accounting....
...Fergal McGovern chooses the (fictional) example of the US Inland Revenue Service and its desire to streamline tax returns: “You, the IRS, may not know how to do that in a systems context....
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