Peugeot said new accounting guidelines had prompted the move and that it was reversible when conditions improve.
Corporate boards say a proposed new accounting standard, known as FRS17, risks making final salary schemes too expensive.
The industry needs new accounting systems but it continues to muddle along with systems that have failed, often dramatically.
FORBES: Why Jamie Dimon And Jon Corzine Couldn't Find Their Money
New accounting rules have made the deficits more apparent to investors and analysts.
ECONOMIST: Company pension funds are being saved from destruction
Plus, it takes regulators time to issue new accounting guidance for new industries, like social media and cloud computing.
FORBES: Is The SEC's Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?
Meanwhile, Davis has reassessed its soft-skills training and career-services strategy to accommodate the unexpected makeup of its new accounting class.
The offsetting goodwill is, under new accounting rules, never amortized against earnings.
So the new accounting rules will affect the Brits most, says J.
New accounting rules mean that repricing them down will count against profits.
ECONOMIST: Have the markets really punctured the dot.com bubble?
As high-profile corporate abuses have unfolded, one after the other, most boards have become preoccupied with reassessing their responsibilities and implementing the new accounting rules.
Sarbanes-Oxley inspired a slew of new accounting rules, including FAS 157.
Businesses and economies should be rewarded for profits and growth, not for creating a creative new accounting system that makes money appear out of thin air.
In addition, new accounting rules would make it easier to get an overview of the scale of the banks' bad debt problem, according to the draft.
That set of policies and procedures, enacted by the new accounting regulator, the PCAOB, replaced the initial instructions auditors had interpreted very strictly and very lucratively.
FORBES: Navistar Sues Deloitte Proving No Statute of Limitations On Idiocy
If you think the new accounting rules for mark-to-market accounting caused havoc on bank balance sheets and accelerated the crisis, then this would have been far worse.
FORBES: Fin Reg Wouldn't Have Defused Bear Stearns Time Bomb
New accounting rules have also restricted firms' room to manoeuvre.
That is, the benefit to the capital market of improved financial information must be weighed against the cost of any changes in economic behavior induced by new accounting rules.
FORBES: Why Everybody's Jumping On The Accountants These Days
An even bigger threat is a proposed new accounting rule that would require banks to "mark to market" any loan commitments that can be traded in the secondary market.
Historically, the general partners of private equity funds just held their portfolio at cost, but last year they were forced by new accounting rules to mark their holdings to market.
FORBES: Will stressed firms sell their stakes for a song? Bet on it.
Mooted new accounting rules may increase the size of pension liabilities on firms' balance sheets, and other proposals could exacerbate the effect of swings in the value of stocks and bonds.
In Britain, listed companies have until 2005 to adopt FRS17, a new accounting standard that forces firms to show in their accounts any movements in the value of their pension funds.
New accounting rules demand that they start valuing their equity portfolios at market value at the end of this month, which could constrain their ability to pay dividends out of retained earnings.
The government is also proposing to strengthen banks by buying preference shares and subordinated debt and by approving some new accounting tricks, such as not deducting unrealised losses on equities from banks' capital.
Traders are intensely focused on level 3 reported by the banks, because new accounting rules changing the way assets are valued kick in later this month and could fuel a new wave of write-downs.
One of the problems is the still-opaque process the banks use to evaluate and mark securities holdings, loans and other assets to market, a process they have to repeat daily because of new accounting rules.
He expects IT departments and back office administrators will use regulatory demand to persuade senior executives that it is finally time to invest in new accounting systems, something many people in operations have wanted for years.
FORBES: Outdated Enterprise Accounting Platforms Are A Hazard -- Woodbine
Wall Street has been moving billions of assets into a relatively new accounting category called "level 3, " a designation that the fair value of those assets, including subprime mortgages and derivatives, couldn't be determined because there was no observable market for them.
Honda is the most popular brand in New York accounting for 14 percent of all new car registrations so far this year.
FORBES: Hurricane Sandy's Lost October Car Sales Will Return
In 1995 the commission revolutionised its ability to supervise the sector by introducing new common accounting-standards.
"We just need stability, " says Christine Finn, a lawyer at Marcum LLP, a New York accounting and advisory firm.
应用推荐