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Get Accountability, Accounting News, Disclosure, Financial Reporting Articles, News, Journal, Research updates - Accountability Central

“Accounting…and…accountability” – these are clearly linked terms with common meaning that emerged along with the modern capitalist system, deriving from Middle European languages and cultures.  “Accounting,” (says Webster’s New Collegiate) is derived from the medieval, “to tell…” -- as today’s accounting systems are designed to “accurately tell the story” of an organization’s financial condition. 

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News & Updates

July 31, 2015 Fed's 'nearly balanced' language no bar to September rate rise

Source: Reuters

The U.S. Federal Reserve will not need to see balanced risks to the economy to proceed with an interest rate hike in September, according to former Fed officials and a review of central bank statements through recent turns in...

July 31, 2015 Greek PM defends controversial 'Plan B' for euro zone exit

Source: Reuters

Prime Minister Alexis Tsipras on Friday acknowledged his government had made covert contingency plans in case Greece was forced out of the euro, but rejected accusations he had plotted to take the country back to the drachma.

July 31, 2015 Europe Stocks Little Changed on Earnings, Head for Monthly Gain

Yahoo Finance - Lloyds Banking Group Plc slipped after saying its net interest margin, a measure of profitability, fell. The îStoxxî Europe 600 Index advanced less than 0.1 percent to 396.54 at 8:16 a.m. in London. It...

Research & Insights

July 30, 2015 Four charts that show why the euro isn't working for Germany or Greece

Source: The Telegraph

The IMF has released its latest healthcheck on the state of the eurozone economy - it makes for grim reading

July 29, 2015 Health Care Spending to Accelerate, US Report Says

Source: AP

Health care spending will outpace the nation's overall economic growth over the next decade, the government forecast on Tuesday, highlighting a challenge for the next president, not to mention taxpayers, businesses and individual...

July 28, 2015 German 'wisemen' say euro zone states should be able to go bankrupt

Source: Today Online

BERLIN - The German government's panel of independent economic advisers favors the creation of a sovereign insolvency mechanism for euro zone states to prevent future crises and says countries should be able to leave the currency...

Commentary & Opinion

July 30, 2015 Opinion: Twitter spends 35% of revenue on stock-based compensation

Source: MarketWatch

Chalk up another winning quarter for Twitter, which continues to “innovate” by diluting shareholders’ stakes — that is, all shareholders other than the executives who run the company.

July 29, 2015 Why it’s a bad idea for China to prop up its stock market

Source: Reuters

China’s pledges to prop up the stock market are unwise. It didn’t have to be this way – if only the country’s authorities had been able to resist the lure of inflating asset prices. That’s a challenge few governments have met.

July 29, 2015 Pearson, the Financial Times and the culture of modern capitalism

Source: The Guardian

A short letter in Wednesday’s Financial Times makes for fascinating reading. Stimulated by Pearson’s sale of the FT to Nikkei, it poses profound questions about the nature of modern capitalism:




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