Chicago (Jan. 15, 2004) -- Errors in accounting for reserves and contingencies were the leading cause of financial restatements in 2003, followed by revenue recognition, according to a report by Huron ...

The U.S. Federal Reserve announced the launch of its new FedNow system, which allows financial institutions to instantly transfer money to customers any day, anytime. "The Federal Reserve built the ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Both offer the potential to earn money on your extra cash, but it all depends on ...

HOUSTON, Dec. 1-- Unprecedented reserves writedowns in 2004 have brought unwelcome attention to the oil and gas industry, leading to questions about the integrity of its participants, said Ron Harrell ...

Q: Our HOA has operating and reserve investment funds. The monthly assessments include amounts to increase the reserve account balances. Interest earned on the reserve account investments is ...

A Virtual Wallet sounds a bit magical, something that Harry Potter might turn to when he needs some cash at the Leaky Cauldron for a few more butterbeers. Actually, though, it's a service offered by ...

As we move into our consulting work around the Standardized Measure of Oil & Gas (SMOG) calculations, we want to share some ideas of how communication between the reserve engineering, accounting ...

Reserve accounts are non-transactional accounts used to carry forward funds for a specific purpose from one year to the next. This means that the account cannot be used for expenditures. Funds should ...

The US Securities and Exchange Commission proposed changes to the Customer Protection Rule, which would impact about 63 carrying broker-dealers and potentially require more frequent deposits into ...

How can crypto custodians, crypto trading exchanges, and (ultimately) crypto banking institutions prove to external parties that reserves are indeed what they say they are? This is a pivotal question ...

Question: Does the Davis-Stirling Act require our homeowners association to have a reserve account? Answer: No, it does not. There are no mandates that an association reserve account must be ...