Accounting & Financial Analysis News by GLG Council Members

Orlando Metro Market Has Bottomed- A Tale of Two Markets

June 25, 2009

Analysis by:GLG Expert Contributor

Analysis of:HOUSING INVENTORY INCREASE EXPECTED | www.lvrj.com

The Orlando (Central Florida) market is comprised of two submarkets.  N. Orlando and Seminole County S. Orlando, Polk County and Osceola County.  N. Orlando and Seminole County are seeing robust demand among consumer bargain hunters as well as investors.  One local firm indicated results were up 40% with bargain inventory being snapped up within days (even bidding wars). ...

Nitish Grover, FCA, AICPA Intl AssociatePrincipal, OwnerNitish Grover and Associates

The Fed, The Economy, Accounting and Regulation - Changing Landscape for a New Century

June 24, 2009

Analysis of:US Groups Face Regulatory Revamp | www.ft.com

Banks, Insurance companies, Investment bankers, Hedge funds - they are all up against the wall facing new regulatory pressures. The Alan Greenspan era is over. Alan Greenspan was supposed to have a magic wand with which nothing went wrong. Its like Napoleon asking for a few lucky generals - Greenspan was one such in the financial world of today. Bernanke obviously is not. In this analysis I lookat...

Offshore Holding for Foreign Invested Enterprises may now be under China Tax Rules

June 22, 2009

Analysis by:GLG Expert Contributor

Analysis of:Financial Times | www.ft.com

The mainland tax authority has delivered grim news. In early 2009, the China State Administration of Taxation has issued a few circulars to revise the existing rules governing foreign companies earning income from China. These circulars basically cover all types of income foreign companies may earn from China. It could be a foreign company having a working place in China and earning service income...

Nitish Grover, FCA, AICPA Intl AssociatePrincipal, OwnerNitish Grover and Associates

Accounting and Financial Risk in the Background of Declining Credit Availabilty

June 16, 2009

Analysis of:Liquidity, Crime Woes Shake Up Chief Risk Officers | www.cfo.com

The current situation of non availability of credit is leading to a position where Chief Risk Officers and CFO's will have a difficult time in funds management, meeting profitability targets and running a business. Funds constraints  will make it difficult to extend credit to customers when financial institutions and creditors are making credit vanish. Such a situation may also lead to conditions...

Diamonds vs Gold

June 3, 2009

Analysis by:GLG Expert Contributor

Analysis of:De Beers woos investors seeking haven | www.ft.com

De Beers and other major players in the diamond industry are now supporting the concept of diamonds as an investment alternative to Gold. This prompts the following questions: - Why is this relevant now? - What are the investment merits of diamonds? - How do Diamonds compare to Gold?

Achieving Health Care Reform

May 28, 2009

Analysis by:GLG Expert Contributor

Analysis of:Achieving Health Care Reform--How Physicians Can Help | content.nejm.org

The authors of the article build their case for healthcare reform on assumptions that may not be correct, but nevertheless accept the assumptions as givens.  The authors outline a system of reform that relies heavily on government interventions and the supply side of the healthcare industry without adequately considering the demand side.  Finally, the authors would like to pay forexpanded...

Nitish Grover, FCA, AICPA Intl AssociatePrincipal, OwnerNitish Grover and Associates

Cost of Capital - The Formula Which No Longer Makes Sense In A Changing World

May 27, 2009

Analysis of:A Losing Formula | www.cfo.com

The financial world is changing and undergoing metamorphosis. Companies like GM and Chrysler are insolvent. Stock indices gyrate for no reason. Financial giants regularly go bust these days - so it seems. In this scenario what we have is a situation where the basic formulae for computing the cost of capital and such basics as beta and delta are becoming misleading. It is just not possible to calculate...

Nitish Grover, FCA, AICPA Intl AssociatePrincipal, OwnerNitish Grover and Associates

The Economy and Credit Cards - Games Banks Play

May 19, 2009

Analysis of:Credit Card Industry Aims to Profit From Sterling Payers | www.nytimes.com

The referred article speaks of the banks - with their backs against the wall - thinking of evolving new rules for the good customers. The concept seems to be to create new rules so that bank earnings increase at the cost of the customer. To my mind this will only make the sterling customer disappear. Also from an accounting point of view it will create unnecessary complications. In this analysisI...

Necessity, who is the mother of invention - Plato's promulgations on effective Internal Audit

May 19, 2009

Analysis by:GLG Expert Contributor

Analysis of:Internal Auditors: Mission Unaccomplished? | www.cfo.com

As economic conditions change, organizational priorities also require adjusting.  By virtue of the Sarbanes Oxley Act (2002) (SOX), organizational resources, including internal auditors, have been heavily directed to what is essentially a legal compliance role, which is normally just one of the areas of internal audit focus.  During the past 7 years organizations that needed to comply...

Nitish Grover, FCA, AICPA Intl AssociatePrincipal, OwnerNitish Grover and Associates

Forensic Accounting - Fraud - A Perspective

May 18, 2009

Analysis of:In House Fraud Cases Surge | www.ft.com

The referred article speaks of the increased levels of fraud by insiders in organizations across countries - especially those that are hit by recession. In this analysis I take a look at how this will impact forensic accounting and indepth audits. The role of the accountant and auditor will gain emphasis and management will have to take increased care to safeguard assets - the stewardship function....

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