General electric co (gen) said on wednesday that it planned to provide restated results for 2016 and 2017 to reflect a new accounting standard by april 13.
General electric restated its 2016 and 2017 earnings results friday.
Board members are right to be concerned about the restatement being issued because of the severely negative consequences it may cause the current business climate has caused investools forthcoming restatement to be just another in a long line of accounting problems being experienced by the.
Investools should make a press release announcing their intention to approach the sec to change the company's accounting treatment of deferred-revenue contracts while simultaneously releasing their written statement to the press, that previous financial statements will be restated the objective is for.
Ge's accounting is under scrutiny after earnings swung to a loss last year and ge said its 2018 results would be at the low end of its forecasted range it said it chose to restate prior earnings - a more exacting standard under the new rules - because it will allow investors to compare 2018 results with the.
The first and most pressing is the fact that they have to issue a restatement of previous years' financial statements due to accounting errors associated with premature revenue recognition the second problem, which may have contributed to the first problem, is the fact that the company's revenue streams. According to lee k barba, chairman and ceo of investools inc (swim), the brokerage thinkorswim [tos] and education metrics for november 2007 showed continued record trading activity and subscriber growth shareholders in the investor education company applauded the report, with the stock.