Articles about Accounting

Remember SeaMicro? Red-ink-soaked AMD dumps it overboard

Tattered AMD says it's done with its SeaMicro server division, following a grim quarter that saw the ailing chipmaker weather losses beyond the expectations of even the gloomiest of Wall Street analysts. In guidance issued alongside AMD's earnings report for the first quarter of its fiscal 2015, CFO Devinder Kumar said the …
Neil McAllister, 16 Apr 2015
Cthulu springs from desktop printer

BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?

Episode 13 Cthulu springs from desktop printer "This is exactly what I'm talking about!" I snap at the PFY. "Specifications created by people with absolutely no knowledge of what they need so they specify the absolute top-end kit just in case!" "What's that, then?" the PFY asks, looking up from his game disinterestedly. "The bloody …
Simon Travaglia, 22 Nov 2014

Forget the accountancy scandal, our biz is back: Tech Data

If companies operate as intended then sales growth should be a given, and with its accountancy scandal pretty much behind it Tech Data reported business as usual for the fiscal third quarter that ended last month. The world’s second largest tech distributor reported a 6.1 per cent hike in sales to $6.76bn, largely aided by …
Paul Kunert, 27 Nov 2014

ICANN banked $60m from dot-word auctions. Just what exactly is it going to spend it all on?

The chairman of ICANN has finally been pushed into revealing his plans for the $60m the domain-name overseer has banked from auctioning off the rights to dot-words. The $60m (£40m) – or $58,819,832 to be precise – was raised from organizations competing to set up registries for new generic top-level domains like .ping ($1.5m), . …
Kieren McCarthy, 17 Apr 2015
cloud_accounting2

Strategy-flinging No 10 civil servant Stephen Kelly turns Sage CEO

A top government civil servant is trading control of the nation’s IT for leadership of Sage Group, the giant accounting software firm that turns over £1.32bn a year. Stephen Kelly is stepping down as UK government chief operating officer to become chief executive of the accounting software firm in November. Kelly will succeed …
Gavin Clarke, 06 Aug 2014
The Register breaking news

Dell pays $100m to settle accounting fraud charges

Dell has agreed to pay $100 million to settle US Security and Exchange Commission charges that it failed to disclose information to investors and used fraudulent accounting practices to give the false impression it was meeting Wall Street earnings targets. Separately, Michael Dell – the company's founder, chairman, and CEO – …
Cade Metz, 22 Jul 2010

Mouse-slinger Logitech: Gloves are off, number probe over

Human-computer interface slinger Logitech’s three month self-examination into suspected financial blunders has concluded and the outcome could have been worse, much worse. The keyboard, mouse and pointer slinger said in May that it, along with the SEC, was conducting a probe into previous financial restatements regarding …
Paul Kunert, 04 Sep 2014
Air traffic control at NATS

US air traffic control 'vulnerable to hackers' says watchdog

US air traffic control systems are potentially vulnerable to hackers, according to an audit by the American government. A report [46 pages, PDF] by the Government Accounting Office (GAO) faults the Federal Aviation Administration (FAA) for failing to meet compliance with the relevant government standards, specifically the …
John Leyden, 09 Mar 2015
xfinity wifi

Strange tale of an angry bean counter, Comcast and a shock 'firing'

A Comcast customer who complained about being overcharged and crap service alleges someone at the ISP got him fired as a result. The punter, described by The Consumerist as an "experienced accountant at one of the nation’s most prestigious firms," signed up with America's largest ISP in 2013 at an introductory rate, but said …
Iain Thomson, 08 Oct 2014
Bank vault

Intuit halts TurboTax filings after states spot mass tax fraud scheme

Accounting software maker Intuit has temporarily suspended the ability of its TurboTax software to electronically file US state income tax returns following reports of widespread suspicious activity. "During this tax season, Intuit and some states have seen an increase in suspicious filings and attempts by criminals to use …
Neil McAllister, 07 Feb 2015
Gun and dollars

Ex-Autonomy execs: HP's latest wad blows apart fraud allegations

Another week, another round in the ongoing bunfight between HP and the former management team of Autonomy. This time, the ex-Autonomy bods have claimed that new court documents filed by HP prove the latter has misrepresented the reasons why it had to write down $8.8bn in its botched acquisition of Autonomy in 2011. In a lengthy …
Neil McAllister, 12 Sep 2014
Surface 3 in red

Microsoft dumps ARM for Atom with cut-price Surface 3 fondleslab

Pic + vid Microsoft's brief flirtation with ARM-powered Windows RT tablets looks to be over: the Redmond giant has unveiled its latest fondleslab, the Surface 3, which is a dinky Atom-powered slate running a full version of Windows on Intel hardware. Up until this latest tablet, Surfaces have sported ARM-compatible processors, and Surface …
Iain Thomson, 31 Mar 2015
channel

Coda wafts accounting software onto Salesforce.com's cloud

Veteran accounting software outfit Coda has made a jump into the cloud by pooling its online offering with Salesforce.com. The companies become joint owners of Financialforce.com. This will have headquarters in Silicon Valley and Yorkshire, and will encompass the existing Coda 2go operation, running on Salesforce.com's force.com …
Joe Fay, 30 Sep 2009
A garden gnome depicted stretched out across picnic table... with a pipe in one hand while the other props him up. Has a confrontational look in his eye...

Groupon flees from army of angry GNOMES: Trademark bid for 'Gnome' tab scrapped

Groupon has given up its pursuit of the trademark "Gnome", intended for its sales register tablet, after being chased off by the open-source GNOME project. The upstart voucher flinger told The Register that it was no longer looking to trademark "Gnome" in the wake of outrage from folks at the Linux desktop software foundation of …
Shaun Nichols, 11 Nov 2014

Can you recover your data if disaster strikes? Sure?

Disaster recovery is complicated and usually expensive. It comes in many forms, and many companies mandate a minimum of off-site backups for various reasons, from regulatory compliance to risk aversion. Disaster recovery planning is considered to be part of standard IT best practices today, but which solutions are appropriate …
Trevor Pott, 07 Apr 2015

Sony boss: Nork megahack won't hurt our bottom line

Sony’s chief exec Kazuo Hirai has predicted no major financial impact on the entertainment conglomerate after the recent cyber-attack on its Sony Pictures movie studio division. "We are still reviewing the effects of the cyber attack," Hirai told reporters at the Consumer Electronics Show in Las Vegas, Reuters reports. "However …
John Leyden, 08 Jan 2015
Swiss Cow

Magic streaming beans? Sure, have my cow - music biz

"Why do people keep buying CDs?" we asked in 2009, after a decade of declining plastic sales. And the year after. Yet no matter how many times it was pronounced dead, the CD just wouldn't die. Figures from industry group BPI show the plastic relic remains a market favourite – and surprisingly is proving more resilient than …
Andrew Orlowski, 02 Jan 2015
E Fun Nextbook

Walmart's $99 crap-let will make people hate Windows 8.1 even more

Walmart, that well-known purveyor of the finest America has to offer, will flog a $99 Windows 8 tablet for this year's Black Friday. Youtube Video As you'd expect at that price, the E Fun Nextbook is an utter dog: it has a 1.8GHz Intel Atom processor with 1GB of RAM – the bare minimum for Windows 8.1 to function. The tablet …
Iain Thomson, 14 Nov 2014

Danwood CEO: No more M&A disco watching for us

Danwood no longer wants to be the loner at the edge of the M&A dance floor as romance blossoms between local rivals, especially now its finances suggest it isn’t destined for the scrapheap. The document services specialist was unable to get in on the action during an extensive round consolidation that saw SCC, Xeretec and …
Paul Kunert, 05 Mar 2015

Our system handles £130bn and it's BUST. Want the job of fixing it? Apply to UK.gov

The Department for Work and Pensions (DWP) has identified "technical and security vulnerabilities" in its £284.9m central benefits payment system - responsible for underpinning the much-maligned Universal Credit programme and processing 13 million payments each week, The Register can reveal. The Central Payments System's …
Kat Hall, 20 Nov 2014

Ukraine suddenly 40% more interested in UK tax info – HMRC

Cooperation between HM Revenue and Customs (HMRC) and foreign tax authorities will only increase as more countries sign up to automatic tax information exchange agreements. This is according to Pinsent Masons, the law firm behind Out-Law.com, which obtained figures showing a 45 per cent increase in the number of requests for …
OUT-LAW.COM, 19 Feb 2015
TwitterIPO

Has the world reached PEAK TWIT? Supplies of new Twitter users are drying up

Twitter finished off fiscal 2014 with a ripper fourth quarter in many senses, during which it doubled sales from the previous year - but the microblurt-based ads site gained fewer users than some investors hoped for. On Thursday, Twitter reported revenues of $479m for the three months ending on December 31, a 97.4 per cent gain …
Neil McAllister, 05 Feb 2015

HP 'KNEW' about Autonomy's hardware sales BEFORE the whistle blew: report

HP knew about Autonomy's hardware and reseller sales long before a whistleblower pointed them out and the company wrote down its acquisition by $8.8bn, the Financial Times has claimed (paywall), citing emails and Deloitte audit reports. HP has accused Autonomy of "accounting improprieties, misrepresentations and disclosure …
The Voices

The Voices: A horror-comedy that’s as schizophrenic as its protagonist

Film Review Horror comedy is not an easy genre-mishmash to pull off, although when it’s done right (Shaun of the Dead, The Faculty), it’s usually brilliant. Unfortunately, The Voices doesn’t quite manage it. Things start promisingly enough, with Ryan Reynolds as Jerry, the apparently aw-shucks hometown boy who works in the bathtub factory …
Nokia Black Lumia Windows Phone Update

Windows Phone bumping along the bottom

Microsoft has revealed a new batch of data about Windows Phone's fortunes, and it seems Redmond's mobile efforts are doing best at the low end of the market. The good news is that Windows Phone 8.1 is now accounting for 65 per cent of Windows Phone app downloads, with Windows Phone 7 at under five per cent. The most popular …
Simon Sharwood, 24 Dec 2014

Oracle salesmen get SEVENFOLD salary boost for flogging its cloudy aaS produce

Exclusive Oracle salesmen are being awarded bonus packages up to seven times larger than their salaries in return for getting customers to buy its as-a-service (aaS) offerings, a source has told The Register. The company reported a total rise in Oracle cloud revenue of 33 per cent - $527m - for the three months to February 28. How Oracle …
Gavin Clarke, 19 Mar 2015
BlackBerry

BlackBerry CEO Chen says to expect profits ... in 2016

In a conference call with financial analysts on Friday, BlackBerry CEO John Chen said the firm kept costs under control and even eked out a meager profit in the third quarter of its fiscal 2015, but he couldn't hide that the ailing mobe-maker's revenues continued their steady decline. BlackBerry brought in revenues of $793m for …
Neil McAllister, 19 Dec 2014

Spinning rust into gold: WD profit grows ... though sales dip

+Comment Western Digital sold 61 million drives in its latest quarter, 2.1 million less than a year ago, but made $30m more profit, and it out-shipped and out-earned rival Seagate – CEO Steve Milligan's men must have ear-to-ear grins on their faces. The company’s revenues, including its WD and HGST operations, for Q2 in its fiscal 2015 ( …
Chris Mellor, 28 Jan 2015

Did HP just tip its hand on Autonomy? Spoiler: It was a busted flush

Analysis Autonomy has come under fire for a software deal between itself, reseller MicroTechnologies, and the Vatican – but all is not as it seems. A report published by Reuters on Friday attempted to shed light on HP-owned Autonomy's strange deal to sell technology worth $11.55m to MicroTechnologies, which was bidding on a contract to …
Jack Clark, 18 Jul 2014

Humanity now making about 41 mobes EACH SECOND

The world is now manufacturing just under 42 mobile phones a second thanks to an uptick in global production, IDC's presumably-very-tired handset-counters say. The firm's latest quarterly phone count found shipped 327 million mobiles in the year's third quarter. Do the math: there's 7,862,400 seconds in 91 days. Divide 327m by …
Darren Pauli, 30 Oct 2014

Olympus trio escape jail but firm fined £4.6 MEEELION

Three former Olympus execs have been found guilty of massive accounting fraud and the camera-maker fined ¥700m (£4.6m), although the disgraced trio escaped prison sentences. Tokyo District Court on Wednesday sentenced former chairman Tsuyoshi Kikukawa, auditor Hideo Yamada, and ex-VP Hisashi Mori to suspended prison terms after …
Phil Muncaster, 04 Jul 2013
SAP

UTS Business School bakes SAP into courses

The University of Technology Sydney (UTS) is poised to offer courses in SAP. The courses will be offered as either standalone subjects or as part of a Master of Business in Accounting. Bean-counting is the focus on the new courses, two of which are “foundation” level affairs consisting of a “Certificate 1 in Accounting with SAP …
Simon Sharwood, 20 May 2013

Sprint starting mass layoffs to 'improve operational efficiencies' in mobile network

Workers at third-ranked US mobile network Sprint will have a nervous month as large numbers of them are going to be getting the call to "Come into the HR office please, and bring your key card." On Friday, the company made a regulatory filing in which it said it would be setting aside $160m to cover the cost of the layoffs, …
Iain Thomson, 04 Oct 2014

Sage Pay anti-POODLE upgrade REDUCED security - briefly

Online payment service Sage Pay has been fingered for temporarily reducing its security while revamping its site security. Security consultant Paul Moore noticed that the Sage Pay website was briefly running a weak cipher last week. The issue was quickly corrected after Moore went public with his concerns on Tuesday. He …
John Leyden, 04 Feb 2015
Sky Anytime+

Sky's tech bets pay off: Pay TV firm unveils blazing growth for Q1

Sky posted record numbers as its tech bets continue to pay off. BskyB’s ARPU (average revenue per customer) reached £576, up £32 from two years ago, with triple-pay punters accounting for 37 per cent of its 15.5 million customer base. Just over 11.5 million of those are retail customers, and just over 4 million wholesale. The …
Andrew Orlowski, 16 Oct 2014
Can you figure out the mystery company?

Guess which US tech giant was just hit with a $137m tax bill in China?

The Chinese government doesn't want to embarrass whichever US multinational it just slapped with a US$140m bill in back taxes – but let's just say it's large and its name begins with the letter "M." OK, it's Microsoft. But neither China nor the software giant are coming right out and admitting it. According to a story from the …
Neil McAllister, 26 Nov 2014

US govt opens door to Google The Cellphone Network

The US government has cleared the way for Google to become your next cellphone network provider – possibly without costing the company a pretty penny. As we revealed yesterday, the advertising giant wants to use the largely open spectrum at 3.5GHz to provide high-speed mobile data connections at low cost to phones and gadgets in …
Kieren McCarthy, 10 Jan 2015

Sage 50 activation blackout: Shops sent back to paper age

New and existing retail customers of the Sage 50 online accounting service were left in the lurch following a “massive” server outage last week. Shops installing new versions of the Sage 50 accounts software or upgrading their existing accounts were unable to register their serial numbers or activation keys for the new systems …
Gavin Clarke, 02 Sep 2013

EMC reports mixed results, fingers axe: 'Reduction in force' planned

+Comment Storage giant EMC has announced its plans to lay off an unspecified number of staffers in Q1 and said in an SEC filing that it would record restructuring charges in the range of $130m to $150m. In the final few months of last year, EMC increased its revenues by $1bn, quarter on quarter, with Pivotal and VMware growing strongly, …
Chris Mellor, 29 Jan 2015
management strategy4

Return of the king: Gass anointed Tech Data UK boss again

A little over two years after ending his second stint as Tech Data's UK and Ireland head honcho, Andy Gass is set to recline into his old MD chair again, with current incumbent Peter Hubbard to take over at the local Mobile sub. Company veteran Gass only moved upstairs to be senior veep of south and west Europe at the start of …
Paul Kunert, 19 Feb 2014
hands waving dollar bills in the air

Microsoft's Fast charged with 'accounting fraud'

Norwegian economic crime police have raided the headquarters of Microsoft-owned Fast Search and Transfer and charged the firm with accounting fraud. Police attorney Baard Thorsen told Reuters that evidence was being sought following allegations that Fast inflated its revenues prior to Microsoft’s $1.2bn buyout of the company in …
Kelly Fiveash, 16 Oct 2008

Tech Data goes for big gun credit man amid accounts probe

Tech Data UK has opted for a big hitter to head up its credit function amid the continued probe into accounting irregularities. Blighty's largest distributor has hauled in former Sun Microsystems global credit manager Kevin Corcoran as director of credit services and after sales management. The second element to the title is …
Paul Kunert, 27 Nov 2013
School kids

FCC OKs $5 BEEELLION Wi-Fi cash splash in schools, libraries

Five billion dollars will be used to fund Wi-Fi networks in US schools and libraries after the Federal Communications Commission (FCC) passed an overhaul of the E-rate program. The commission issued an order that will pour $2bn of additional funds into E-rate over the next two years for the purpose of installing and upgrading …
Shaun Nichols, 11 Jul 2014
big droplets falling from rain cloud

Channel: IBM stamps us into the dirt in race for cloudy glory

IBM is trampling over some smaller software boutiques in the rush to pump up its cloud sales volumes, we are told. Selling tech as-a-service is one of the five strategic pillars on which Big Blue has staked its future – alongside mobile, social, big data and analytics. But, at least according to some IBM Business Partners, it …
Paul Kunert, 08 Jan 2015
cloud

Sage moves into cloud with online SMB accounting package

Business software company Sage launched a new web-based accounting product today targeted at individuals and SMBs. The Newcastle-based FTSE 100-listed firm developed the software, which was built on the Ruby-on-Rails open source web application framework, as part of Sage's effort to focus on what its North European boss Paul …
Kelly Fiveash, 18 Jan 2011
Starship Enterprise

Beancounters tell NASA it's too poor to fly planned mega-rocket

The US Government Accounting Office (GAO) has told NASA it has a massive funding shortfall for its ambitious Space Launch System (SLS) rocket if the spacecraft has any chance of blasting off on schedule. "The agency’s current funding plan for SLS may be $US400 million short of what the program needs to launch by 2017," the …
Iain Thomson, 25 Jul 2014

SEC: We won't slap IBM over its cloud revenue reporting

IBM has announced that it has avoided any regulatory action over the way it reports its revenues from cloud computing after the US Securities and Exchange Commission completed its investigation. The company said in a filing that it had been notified that the market authority wasn’t planning any action over its cloud business. “ …

How much is Microsoft earning from its Android taxes again?

Analysis We’ve known for years that Microsoft makes more money from Google’s Android than Google does itself – but now we have a better idea of how much hidden “tax” is included in the price of an Android handset. That’s because Samsung and Microsoft have fallen out, and Redmond’s lawsuit sheds light on the secretive world of patent …
Andrew Orlowski, 07 Oct 2014
Files

Twitter: Hey. Remember us? Hello, yes. Govts want to spy on us too!

Twitter has seen government requests for user information climb nearly 50 per cent over the last six months. The company said in its semi-annual transparency report that over the first half of 2014, governments from 54 countries made requests for account information. Eight of those countries were requesting data for the first …
Shaun Nichols, 01 Aug 2014
Android icon desktop toys

BITE that APPLE if you want to escape the Android garden, Microsoft

Analysis Microsoft has made Office on Android available on tablets at the exact moment its fortunes with Apple and Samsung are in flux. If Redmond's going to win, it needs to bet on Apple. Redmond removed the preview label from Office for Android apps on Thursday, making Word, Excel, PowerPoint and OneNote available from Google’s Play …
Gavin Clarke, 29 Jan 2015