Timely enforcement of posting ranges should prevent the backdating of transactions, but there may be times when things can sneak through between the time you are ready to reset the posting ranges and when you actually get them reset.
(Note that the Adjust Cost Item Entries functionality can be the source of unanticipated backdated entries as it processes its costing entries.) So, what can we do if faced with this type of situation?
ACS said it plans a charge of as much as million to rectify its accounting related to the grants. Edwards signed separation agreements with ACS that will allow them to remain with the company during a transition period ending June 30, 2007.
It is being examined by the Securities and Exchange Commission. 7, the company announced that investors should no longer rely on its prior disclosures about the findings of its continuing internal probe. Noncash compensation costs related to backdating will be about million, plus additional tax-related expenses.
The System Restore allows you to roll back the state of their system files and settings.
The Santa Monica, Calif., videogame company said on July 28 that the SEC has asked the company for documents related to its stock-option grants as part of an informal inquiry.
Microsoft Dynamics NAV, with its filtering ability, can make it relatively easy to find the information we need. When Microsoft Dynamics NAV posts ledger entries one of the fields of data it creates is an entry number.
This number is sequentially assigned as the entries are posted, regardless of the actual posting date.
The company also said its board has appointed a special subcommittee of independent directors to conduct an internal review of the companys historical stock-option grant practices. 25 the company said it appears likely that actual measurement dates for certain historical stock-option grants will be found to differ from the recorded grant dates for such awards.
As a result, it is possible that Activision will be required to record additional stock-based compensation expense related to stock-option grants.