Articles Related to GAAP

A new standard for financial reporting will be mandatory in less than two years. What you need to know to close the GAAP

The integration of Siebel Systems Inc. into Oracle Corp. will result in a reduction of 2,000 in the total workforce of the combined companies, but a majority of the layoffs will affect Oracle employees, Oracle said.

IBM Corp. has agreed to buy network management software vendor Micromuse Inc. for US$865 million in cash, the companies announced Wednesday. IBM said the move would allow it to offer its customers better technology for dealing with increasingly mixed traffic in their networks produced by VOIP (voice over Internet Protocol) and other online voice and video services.

Cisco Systems Inc. will add 1,000 sales and engineering jobs by the end of the year after posting successful third-quarter earnings numbers that included a US$1 billion increase in sales and net income of US$1.2 billion, or 17 cents per share.

Telecommunications and Internet service provider WorldCom Inc. announced Tuesday it will restate its financial results for 2001 and the first quarter of 2002 as a result of accounting irregularities and has terminated its chief financial officer (CFO), Scott Sullivan. It will also reduce its workforce by 17,000, beginning Friday.

Telecommunications and Internet service provider WorldCom Inc. announced Tuesday it will restate its financial results for 2001 and the first quarter of 2002 as a result of accounting irregularities and has terminated its chief financial officer (CFO), Scott Sullivan. It will also reduce its workforce by 17,000, beginning Friday.

Four class-action law firms say they have filed lawsuits against Computer Associates International Inc. (CA), accusing the company of misrepresenting its sales and adopting its new business model solely to conceal dwindling revenue.

Four class-action law firms say they have filed lawsuits against Computer Associates International Inc. (CA), accusing the company of misrepresenting its sales and adopting its new business model solely to conceal dwindling revenue.