Accounting News




Uber Accounting Glitch Caused NYC Drivers to Be Underpaid by $45000000
New York City Uber drivers are about to see a hefty refund after Uber admitted to stiffing drivers $45 million because of an accounting glitch. Tens of thousands of drivers in New York City were affected by the glitch that calculated their commissions ...

Financial Accounting Standards Board Announces Public Meeting as New Credit Loss Standard's Effective Dates ...
Financial Accounting Standards Board Announces Public Meeting as New Credit Loss Standard's Effective Dates ...

RSP Permian, Inc. Appoints Uma L. Datla as Chief Accounting Officer and James Schnoebelen as Chief Information ...
RSP Permian, Inc. Appoints Uma L. Datla as Chief Accounting Officer and James Schnoebelen as Chief Information ...

Mobile companies likely to face stiff technical, accounting challenges post GST rollout
KOLKATA: Mobile phone companies are likely to face stiff accounting and tech challenges once the goods & services tax (GST) regime is implemented from July 1 in some 12-odd telecom circles that have multiple states within their territory, said tax ...

Wamhoff Financial Planning & Accounting Services: Assisted living
ST. LOUIS, MO (KTVI)-With the baby boomer generation aging, many families are faced with the reality of placing a loved one in assisted living. This can be an emotional time, so having a plan in place and being armed with key knowledge, are important ...

Continental's Operating Profit Perfect Example Of Accounting Inadequacy When Dealing With Shale Producers
The problem with following operating results when it comes to shale producers is that it does not account for capital spending which takes up a large porting of revenues. My view remains the same after this latest quarter as it was at the beginning of ...

White House denies 'egregious' budget accounting error
The White House has denied the president's budget proposal contains an "egregious" maths error. Former US Treasury Secretary Larry Summers pointed out the spending plan double-counts $2tr (£1.5tr). But White House budget director Mick Mulvaney told ...

Is Tesla Legitimately Accounting For Its Promotional Programs?
While these costs should come out of gross margin, Tesla may be putting them in SG&A. The result may be to further inflate Tesla's already inflated gross margin. Since 2015, Tesla (NASDAQ:TSLA) has given $1000 discounts to car buyers referred to it by ...

Florida Tech to offer forensic accounting degree
The Florida Institute of Technology and their Nathan Bisk College of Business announced on Wednesday a new Master of Science in Accounting and Financial Forensics degree, offering students of all backgrounds a chance to explore the growing area of ...

Questioning Carbon Accounting For Lakes And Rivers
Welcome to carbon accounting games. Which other global 'free market' is based on a ubiquitous molecule made by life on Earth, produced in massive quantities in places where it's almost impossible to even measure accurately? Massive quantities go ...

Ted on Tech: Alexa, what's our bottom line?
When the gentleman noticed my Accounting Today affiliation, he joked about interfacing the Echo with an accounting application — in essence, voice-augmented accounting. Augmented reality is something that's starting to pick up steam, but it's been ...

The double count: Trump budget includes $2 trillion accounting gimmick
That is, it claims that the same $2.06 trillion can be used to both reduce the budget deficit and simultaneously pay for Trump's proposed tax cuts, according to a report by Axios. When confronted about this during a press conference on Tuesday, Office ...