Accounting
The Accounting Behind iPods
Apple announced in a quarterly earnings call last year that they’d be doing something interesting (to me at least) with the revenue recognition of iPhones and the AppleTV. Instead of recognizing the revenue of a $500 iPhone on the date of sale or delivery, Apple would recognize the revenue over time - 24 months […]
Sarbanes-Oxley Is Dead/Not Dead - Round 3,413
For those of you who don’t know, Sarbanes-Oxley (or Sarbox or SOX) is a piece of legislation that was signed after the Enron and WorldCom accounting scandals in an effort to decrease the amount of fraud in Corporate America. However, the cost for companies to implement the laundry list of requirements has cost major […]
IRS Warns About Phony IRS Emails
The Internal Revenue Service today alerted taxpayers about Internet scams in which fraudulent e-mails are sent that appear to be from the IRS.
The e-mails direct the consumer to a Web link that requests personal and financial information, such as Social Security, bank account or credit card numbers. This practice of tricking victims into revealing private […]
Mac Accounting Programs
Sorry about the lack of posts over the past few days - I took a much needed vacation with my wife. But I’m back, recharged, and ready to continue to give you great personal-finance related advice.
Right before we left I received my MacWorld magazine in the mail and took it with me to read […]
Saying No to the Mob
Ok, so maybe comparing Walmart to the mob is somewhat of a stretch, but the prevailing thought is the same - if you cross “the family” you’re going to find yourself at the bottom of the river with cement shoes on. If you cross Walmart, the thought is that you’ll find yourself at the […]
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