GE Pays $50 Million to Resolve SEC Accounting Probe [Bloomberg] Former GE Chief Jack Welch Expects Full Recovery From Discitis [Bloomberg] We're rooting for Jobs now based on this connection....

When exactly did this "blame the test" game start? At what point exactly was it when the fact that Jr. can't add three plus three became "well, of course not. The test is unfair."? What level of absurdity have we...

The debate over mark-to-market accounting rages on. The accounting standard known as FAS157 has been criticized by some bankers, notably Blackstone Group chief Steve Schwarzman, for needlessly causing big write-downs and encouraging financial panic. It's defenders include Goldman Sachs, which...

Earlier this morning we discussed how changes in the way accounting rules treated auction-rate securities helped drive corporate investors out of the market. (For a rousing debate of exactly which accounting changes stamped out demand, click here.) Credit market concerns...

The accounting profession doesn't have the best reputation. Because of their role in business scandals of the late 1990s many investors think that the main job of accountants is to conceal underperformance by businesses by hiding losses, avoiding taxes and...