The accounting hit will weigh on BP's version of net earnings for the fourth quarter of 2017, a period when profits were expected to surge because of buoyant oil prices. BP said the tax bill would help the company in the long term, reducing the corporate tax rate it and other companies pay in the U.S. to
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The accounting scandal rocking embattled Stellenbosch-based furniture and household goods retailer Steinhoff is still growing.
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Companies that are having trouble accounting for the effects of the recently enacted Tax Cuts and Jobs Act, P.L. 115-97, can report reasonable estimates for those effects in their financial statements for the reporting period in which the law was enacted, according to an SEC staff accounting bulletin.
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Scandal-hit South African retail giant Steinhoff, which owns Britain's Poundland, has warned its financial irregularities stretch back before 2015, meaning it will have to restate more of its accounts. The Johannesburg-listed group has seen its shares plummet around 90pc over the past month after it
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(Bloomberg) — The synchronised level of global growth that we are currently seeing indicates that we are in the latter stages of the bull market cycle, says Andrew Craig and Gervais Williams, authors of “Harriman's New Book of Investing Rules”. They told Daybreak Europe's Markus Karlsson that
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