Accounting & Tax

Budgeting

Trump Administration Asks Congress for $2.5B to Fight Coronavirus

"The President's request for coronavirus response funding is long overdue and completely inadequate to the scale of this emergency."

Source: Benzinga
February 25, 2020
Financial Performance

Zillow Beats Estimates on Strong Homes Growth

"In 2019, we made significant progress toward our vision to deliver a seamless, integrated real estate transaction for our customers."
Auditing

U.K. Audit Regulator to Review How Companies Report Climate Change Risk

“Auditors have a responsibility to properly challenge management to assess and report the impact of climate change on their business.”
Financial Performance

Dropbox Shares Surge on Q4 Earnings Beat

The cloud service company's stock topped the IPO price of $21 per share for the first time since September.
M&A

Ally Financial to Buy CardWorks

The deal will provide "instant capability and scale opportunity" in credit cards and merchant services.
Financial Performance

Walmart Earnings Miss as Online Growth Slows

Walmart's Q4 results show “the pressure traditional retailers are facing to keep pace with consumers who are increasingly shopping online."
Strategy

GM to Shutter Holden Division in Australia

The company said it would focus on more profitable markets.
Disclosure

Diageo Fined for ‘Overshipping’ to Meet Targets

The SEC says the liquor company misled investors that it was achieving growth in key performance indicators through normal customer demand.
Accounting & Tax

FASB Turns Up the Heat on Goodwill Impairment Testing

The accounting standard setter's apparent lean toward allowing public companies to amortize goodwill ignores key analytical and economic consequences.
Budgeting

Trump Proposes $4.8T Budget

The proposal would cut domestic programs but fail to reduce the deficit below $1 trillion.
Cash Flow

Tilray, Aurora Cannabis Layoffs May Signal Industrywide Problem

Cannabis companies and investors have overextended themselves, driven by the "exuberance" that comes with an emerging market and an attractive story.
Risk Management

More Companies Are Opting for Hedge Accounting

The new hedge accounting standard, designed in part to make hedge accounting more accessible to more companies, is making its mark.
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