restatement

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Excel and Basic Accounting Error

Just how bad are "power users" from both an IT and auditor standpoint? A fiairly good academic study of 3,744 disclosure documents admitting error concludes that only about 8% of companies can do financial statements directly from their financial systems, with the rest massaging the data in spreadsheets - unauditable,...

Tags: Revenue, Accounting, Restatement, Compliance, Microsoft Excel, Spreadsheet, Operational Accounting, Revenue Recognition, Productivity, Financial Services, Finance, Paul Murphy

Blog posts 2008-08-19

Dell's wayward bookkeeping downplayed

The more I read the reaction to Dell's financial audit the more annoyed I get.Dell on Thursday concluded its audit, restated four years of results and uncovered a few accounting shenanigans to make its quarterly targets. Granted, the restatements weren't huge, but they a penny a share here and there...

Tags: Accounting, Restatement, Dell Computer Corp., Larry Dignan

Blog posts 2007-08-17

Additional Resources

News to know: Palm ads; Microhoo SEC filing; U.S. Marines; Bing; Skype; Clunkers

Here are today's notable headlines. You can get News To Know via email alert and RSS daily. For continuous updates see BNET's around-the-Web tech coverage. Larry Dignan: Palm Pre's creepy ads: They worked. You're still talking about them Andrew Nusca: Palm's creepy Pre ads:...

Tags: Facebook, Larry Dignan, Richard Koman, Advertisement, SEC Filing, Palm Inc., Andrew Nusca, Skype Technologies S.A., Microsoft Corp., Sam Diaz, Palm Pre, Microsoft Windows, Projectors, Notebooks, Operating Systems, Software, Hardware, Components, Notebooks & Tablets

Blog posts 2009-08-05

More, a lot more, on the Huron restatement

Francine McKenna of Re: TheAuditors is possibly one of the best bloggers to cover the audit space. She gets deeper into independence and governance issues than anyone else I know. While I wrote a short piece on the impact of earnouts on the Huron crisis of...

Tags: Stock, Huron, Investment, Finance, Brian Sommer

Blog posts 2009-08-04

How Earnouts are Costing Huron its CEO, CFO and CAO

Earnouts are those interesting residual matters that pop up in some acquisitions. An earnout exists to provide a transition period between some of the acquired firm’s owners and the new owner/management team. Earnouts are certainly valuable for an acquirer when there are key persons in the acquired organization who can...

Tags: Shareholder, Acquisition, Payment, Financial, Performance, Earnouts, Earnout, Huron Consulting Group, Company, Mergers & Acquisitions, Corporate Law, Operational Accounting, Financial Accounting, Investment, Finance, Business Operations, Brian Sommer

Blog posts 2009-08-02

Judge nixes fair use defense in Tennenbaum filesharing case

In a last-minute knockout punch, delivered just hours before the latest high-profile RIAA case was scheduled to start, Judge Nancy Gertner denied a fair use defense to Joel Tenenbaum, Ars Technica reports. Tenenbaum had sought to present his fair use theory to the jury but the judge...

Tags: Defendant, Joel Tenenbaum, Peer To Peer (P2P), Team Management, Internet, Management, Richard Koman

Blog posts 2009-07-27

Microsoft's 'new' XP policy for netbooks isn't new

A Windows executive's statement this week that Microsoft will continue to provide netbook makers with XP if they want it for a year after Windows 7 ships isn't a new policy. It is a restatement of what company officials said a year ago. by Mary Jo Foley

Tags: Microsoft Corp., Netbook, Windows Executive, Netbooks, Nettops & MIDs, Microsoft Windows XP, Microsoft Windows, Hardware, Operating Systems, Software, Mary Jo Foley

Blog posts 2009-05-01

How Multi-Nationals Should Use ERP

One Size Fits All? I'm Not So Sure... Years ago, I did an evaluation of back office software packages that served small businesses but had robust international capabilities. I did so because clients were always asking about solutions they could deploy to small offices or subsidiaries...

Tags: Solution, NetSuite Inc., ERP, Tools & Techniques, Enterprise Resource Planning (ERP), Software As A Service (SaaS), Enterprise Software, Management, Software, Emerging Technologies, Brian Sommer

Blog posts 2009-04-14

Where to for revenue recognition?

Fellow Irregulars Phil Wainewright and Jason Corsello are batting around the implementation services revenue recognition issue following Taleo's restatement of earnings. Phil uses it as a reason to take a sideways swipe at the on-premise vendors: I wonder what the impact on SAP, Oracle and Accenture’s financials would be...

Tags: Revenue, Taleo Corp., Phil, Revenue Recognition, Operational Accounting, Financial Services, Finance, Dennis Howlett

Blog posts 2009-03-25

The ROI needed to sell software/services

(Hint: It must be substantial and believable) I do a lot of sales and negotiating training, and contrary to the current economy, it’s becoming a brisk bit of work. That said, there’s often a tough sticking point for many technology and service firms: crafting compelling ROI statements...

Tags: Prospect, ROI, Sales Strategy, Sales Force Management, Sales, Brian Sommer

Blog posts 2009-03-11

Satyam saved? Company names CEO; Lands financing

Indian outsourcing firm Satyam, which is reeling from accounting fraud, said Thursday that it has named an insider as the new CEO and lined up $130 million in financing to keep operations running.  In a statement, Satyam said A.S. Murty will become the new CEO. Murty has...

Tags: Satyam, Financing, Murty, Datta, Financial Accounting, Investment, Finance, Larry Dignan

Blog posts 2009-02-05

RIM's co-CEOs face record fines in options backdating matter

Regulators in Canada may hit RIM's top two executives with a record penalty as high as C$100 million (U.S. $80 million) for their roles in a stock option backdating matter that began more than a decade ago, according to a report in the Globe and Mail. Ontario Securities Commission staff...

Tags: Stock Option, Research In Motion Ltd., Backdating, Stock Options, Investment, Benefits, Financial Accounting, Human Resources, Stock Options & Grants, Finance, Sam Diaz

Blog posts 2009-01-22

Satyam fallout: Should customers stick? Full text of chairman's stunning letter

Indian outsourcing company Satyam has cooked books, a $1 billion cash sink hole and its chairman and founder B Ramalinga Raju has fabricated figures. Meanwhile, Merrill Lynch has bailed on being an adviser to the company and shares of the firm were down 90 percent or so in premarket trading...

Tags: Board, Satyam, Maytas, Task Force, Corporate Governance, Business Operations, Corporate Law, Larry Dignan

Blog posts 2009-01-07

Comprehensive LAN Security: A Business Requirement

This paper goes beyond a simple restatement of the problem of network security, proposing a viable solution: ProCurve's ProActive Defense strategy. The ProCurve ProActive Defense strategy delivers a cohesive network security approach, backed by products and services designed to give businesses the best possible chance to keep their networks up...

Tags: LAN, Hewlett-Packard Co., Network, HP ProCurve, ProCurve ProActive Defense Strategy, Utility Computing, Networking, Network Security, Security

White papers 2008-02-01

How to package up the SaaS platform

When I agreed to deliver the keynote at Oracle's Industry Summit on SaaS this Friday [disclosure: this is a paid engagement] I obviously had no idea that it would come on the heels of two acquisition announcements of great import for anyone interested in Oracle's role as a SaaS enabler....

Tags: Acquisition, Software-as-a-service, Database, Oracle Corp., Sun Microsystems Inc., SOA, Software As A Service (SaaS), Open Source, Emerging Technologies, Phil Wainewright

Blog posts 2008-01-16

Critical Thinking, Problem Solving, and Decision Making

View Available Dates and Locations Effective decision makers are those rare individuals who are able to consistently identify and choose the best option among multiple alternatives. Their decisions are imaginative, reasoned, and defensible. In this course, you will be provided with the training and tools ...

Tags: Technique, Decision-making, Quality Control, Tools & Techniques, Productivity, Quality, Management, Business Operations

Training 2008-01-01

The peril of panels: Can Web traffic stats be trusted?

ComScore repeatedly warns in its Securities and Exchange Commission filings that if its statistics can't be trusted its business model is in jeopardy. I'm calling jeopardy. I'm calling a bit of BS too. Why? There's no way that ComScore traffic metrics and what I see internally can be...

Tags: Panel, TechCrunch, Traffic, ComScore Networks Inc., Marketing Research, Servers, Marketing, Hardware, Larry Dignan

Blog posts 2007-12-14

Dell's wayward bookkeeping downplayed

Dell's wayward bookkeeping downplayedWhile the restatement is only a few cents per share..it's about 10% to 13%. That's a pretty big percentage of 'restatement.'Dell is getting it easy nowI don't think that this internal audit is all there is to it either. At best they may be just showing...

Tags: Operational accounting, Financial accounting, Dell Computer Corp., Dell WAS

Discussion threads 2007-08-17

Dell's mis-statements are not trivial

Dell's mis-statements for the years 2003-6 are being downplayed as 'trivial.' Rubbish. As Larry Dignan notes:While the restatements were small, Citigroup analyst Richard Gardner notes that Dell would have missed estimates during its first fiscal quarter of 2003, second quarter of 2003 and fourth quarter of 2005 without the accounting...

Tags: KPMG Consulting Inc., Dell Computer Corp., Audit, Net Income, Dennis Howlett

Blog posts 2007-08-17

FBI remotely installs spyware to trace bomb threat

FBI remotely installs spyware to trace bomb threatNow HERE'S a reason to buy a Mac or use Linux!"Another is that the FBI has found or paid someone to uncover unknown vulnerabilities in Windows or Windows-based security software that would permit CIPAV to be installed."Say what you want.... This is wrong....

Tags: Federal government, PRODUCTIVITY, Cyberthreats, NOW HERE, Olympia, FBI, computer, Original Story, spyware

Discussion threads 2007-07-18