Though the Pentagon planned to cut a lot of jobs, accounting for 47% of its projected annual savings, it did not intend to sack many people.
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The problem is that GAAP and the income tax basis of accounting have a lot of differences.
The construction industry is an important source of political funds, and a big employer, accounting for a lot of voters.
Was the SEC seeing a lot of whistleblower tips for accounting fraud and disclosure or was there another category of crime that was more popular with whistleblowers?
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Although they are the best of the lot, more transparent with more rigorous accounting, they are terribly overvalued.
Einhorn also noted that the Accounting Department at GMCR has a lot of temps and college students.
Though profits receive a lot of attention, they are merely an accounting figure.
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It also gives lawyers and outside accounting experts the opportunity to charge a lot for finding loopholes.
Laurent also points out that as an accounting matter, EBITDA break even is a lot easier to achieve if you don't have to pay for time on other people's networks.
If you know a lot of facts about a certain field like taxes, accounting, business start-ups, art collections, history or any topic you can think of then you could possibly become a consultant.
But from his perch within the company, it looked like a lot of vaporware wrapped up in fancy Cambridge talk and the kind of accounting tricks managers have engaged in since the dawn of publicly traded stock.
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Solar, accounting for only 1% of the country's electricity generation, has a lot of room to grow, he says.
Earlier this week there was some chatter about how the Energy Information Agency had discovered a flaw in its accounting of natural gas in the ground, and that potentially there could be a lot less than thought.
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Ed Ketz, an associate professor of accounting at Penn State, says the reason banks are in trouble is that they invested in a lot of risky securities.
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