2 posts and columns on accounting practices

Accounting for the Actions of the Winklevii and Virtual Goods Are Both Difficult to Do (Video)

in Social on June 26, 2011 at 7:45 am PT

On Friday’s digits, AllThingsD’s Liz Gannes and I discussed two difficult subjects both having to do with Facebook: Why the Winklevii won’t give up on suing the company and why it’s so difficult to account for virtual goods inside social games.
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Sanjay Kumar Goes to White Castle Prison

in News on September 4, 2008 at 12:05 pm PT

If I go down, you all go down. That’s the personal philosophy former CA CEO Sanjay Kumar appears to have embraced after serving a few years in prison for conspiracy, securities fraud and obstruction of justice. In a 27-page affidavit filed in court Tuesday, the disgraced Kumar claims that several current and former directors were aware of the company’s … generally unaccepted accounting practices and concealed them from government investigators.