<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Chris Miller &#187; Accounting</title>
	<atom:link href="http://www.ee99ee.com/blog/category/accounting/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ee99ee.com/blog</link>
	<description>ee99ee.com</description>
	<lastBuildDate>Sat, 17 Jul 2010 19:55:26 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.0</generator>
		<item>
		<title>Sarbanes-Oxley regulation should be eliminated</title>
		<link>http://www.ee99ee.com/blog/2009/10/06/sarbanes-oxley-regulation-should-be-eliminated/</link>
		<comments>http://www.ee99ee.com/blog/2009/10/06/sarbanes-oxley-regulation-should-be-eliminated/#comments</comments>
		<pubDate>Tue, 06 Oct 2009 14:38:09 +0000</pubDate>
		<dc:creator>cmiller</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[financial regulation]]></category>
		<category><![CDATA[SOX]]></category>

		<guid isPermaLink="false">http://www.ee99ee.com/blog/?p=132</guid>
		<description><![CDATA[The Sarbanes-Oxley act (SOX) was a bill sponsored by Paul Sarbanes (D-MD) and Michael Oxley (R-OH), passed by congress and signed into law by President George W. Bush in 2002. The bill was a result of outcry from the financial industry and business world about the then-recent failures of several large companies such as Enron and MCI due to accounting scandals. The act, also known as “Public Company Accounting Reform and Investor Protection Act,” might be better called the “Accounting Industry Protection Act” because the result of the new legislation has been in alleviating financial auditors from liability of poor work on the auditor’s part. Specific restrictions and costs for small companies who are or want to be publicly traded are found in the details of section 404. This part of SOX regulation requires that auditors effectively do risk-assessment of the organization being audited relative to the entity’s internal controls, focusing on the effectiveness of these controls. Under the new guidelines, company boards and executives are now forced to focus and sign off on auditor reports covering mundane details about the internal control effectiveness of the organization. In order to succeed, smaller companies often focus on higher growth revenue models[more]]]></description>
		<wfw:commentRss>http://www.ee99ee.com/blog/2009/10/06/sarbanes-oxley-regulation-should-be-eliminated/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Purchase Price Allocation</title>
		<link>http://www.ee99ee.com/blog/2008/08/10/purchase-price-allocation/</link>
		<comments>http://www.ee99ee.com/blog/2008/08/10/purchase-price-allocation/#comments</comments>
		<pubDate>Sun, 10 Aug 2008 06:05:50 +0000</pubDate>
		<dc:creator>cmiller</dc:creator>
				<category><![CDATA[Accounting]]></category>

		<guid isPermaLink="false">http://www.ee99ee.com/blog/2008/08/10/purchase-price-allocation/</guid>
		<description><![CDATA[In research of the process for mergers and acqusitions of a company, I ran across a process for valuations and amortization of assets called Allocation. I have never heard of this term and ran across an excellent article I wanted to preserve, so am reposting. This article was originally here. In an asset sale, the allocation of the purchase price is the process of breaking down the price paid for a business and of assigning fair values to its major constituting assets and liabilities. Whiles this accounting decision is often left to the last minute, one should keep in mind that it should be implemented similarly on both buyer and seller sides and that it may have significant consequences on the tax liabilities resulting from the sale of the business. So it is strongly recommended to resolve this issue before finalizing the purchase agreement. The purpose of this article is to prepare buyer and seller for discussing the topic with their advisors. The article presents the main categories of assets that should be considered and to lay out the principles used by the IRS to determine the tax base for each category of assets. This article discusses the allocation of[more]]]></description>
		<wfw:commentRss>http://www.ee99ee.com/blog/2008/08/10/purchase-price-allocation/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
	</channel>
</rss>
