Famous Quotes & Sayings

I just think there's nothing that's come out over the last couple of days that counters the primary issues (that) the market has been punished for over the last couple of months, which is loss of investor confidence over corporate malfeasance, accounting and terrorism,

Richard Shelby

It's very important that we bring credibility, which is integrity, to our capital markets. And we're going to have to do this by strengthening in a big way our accounting profession.

Jim Cooper

The U.S. government uses cash accounting. That is illegal for any enterprise of any size in America except for the U.S. government. Every for-profit business, every not-for-profit business, every state and local government has to use real accounting except for Uncle Sam.

David Newman

They were all excited and eager to work. We even found a worker with three to four years of candy-making experience and one with a strong accounting background, ... We're now working out some transportation arrangements to get them to and from Camp Williams to their job sites.

It's going to come in pieces because that's how our accounting is coming to us.

It's a very good job hunting season. The average starting salary for accounting and finance majors is around $35,000, for business and management majors it's $36,000 and computer sciences majors top the charts at $46,000 average starting salaries.

It's really getting treated with skepticism. Investors have turned in their rose-colored glasses for accounting visors.

For 2005, we again generated industry leading operating cash flow, despite lower earnings resulting from industry-wide cost pressures and the impact of several non-cash accounting write-downs.

It's only with that kind of full accounting that you can have any assurance that the practice has stopped and will be prevented.

It's taken investors a lot of time to overcome the fear and uncertainty we've seen as a result of terrorist attacks, potential war with Iraq, accounting scandals, etc.,

For the first time, this document proposes international accounting standards for the recognition and measurement of the main sources of revenue for most governments and their entities - that is, taxes and transfers, including a wide range of non-exchange revenues. The exposure draft will provide guidance to those countries searching for accounting policies to deal with this complex area.

David Bailey

There's clearly increasing sophistication among investment products our clients are using. We are able to manage many of those types of products internally on existing accounting platforms...but if you really want to provide a deeper level of information, then you simply look for a higher level of automation of capturing what I describe as those held-away assets.

Richard Butler

Iraq's conduct ensured that no progress was able to be made in either the fields of disarmament or accounting for Iraq's prohibited weapons program.

By inflating their estimated 'losses' as much as 66 percent, medical malpractice insurance companies have misled regulators, lawmakers and the public and overcharged physicians and other health care providers. Because all insurance companies use the same flawed accounting practices, it is likely that the insurance industry is responsible for several billion dollars in premium overcharges over the last few years, a period during which premiums have soared. The nation's economic stability and security demands that the insurance industry's accounting practices be investigated, and reforms put in place such as those that were made after widespread financial fraud was uncovered at Enron, WorldCom, Arthur Andersen and other corporations.

The film industry is famous -- or infamous -- for its creative accounting techniques that can turn obvious profits into paper losses, so fooling a bunch of state bureaucrats would be child's play.

The company's channel-stuffing and use of manipulative accounting artifices warrants a severe civil sanction that will act as a deterrent for other public companies.

The committee is profoundly disturbed about the recent string of allegations that companies...may have engaged in questionable accounting practices.

The goodwill charge just confirms in accounting terms what the market determined a long time ago.

The industry needs to switch to actuarial accounting rather than actual accounting.

The difficulty is that accounting bombs have been dropping on a regular basis. What needs to happen before the confidence is back is you need to see a series of good news, a bunch of companies doing better than expected.

You won't know the discount, if there is a discount, until after all the accounting is done.

All we're doing is pushing the due date up. (Taxpayers) are not paying for four months extra. It's more of an accounting question than a monetary figure.

This is more of a final nail in the coffin of the company's past accounting practices. Investors are looking at the company going forward rather than past. They have been doing a lot of things right lately.

You get a certain amount of respect when you start accounting for 1,000 transactions a month.

The undertone to the market is still somewhat positive. The economic data shows that we have bottomed. It's what allowed markets to recover in early January. But the accounting issues are here to stay.

The trick for these people, when you have a degree in a specific field, it's very important for you to get a job that utilizes skills in your field. The world works the way you think it does. If you have an accounting degree, get an accounting degree or your degree won't pay off for you. The trick is to get plugged into your field very, very fast.

It's a mildly positive report, even though a long list of major accounting errors is never good.

This is the evidence that our accounting standards are far behind international ones.

The U.S. recovery story is intact and the real side of the U.S. economy looks very positive. But you have concerns on the accounting front and they are very hard to quantify.

Venus Williams

I have to say accounting almost killed me.