What is net realizable value? From blog.accountingcoach.com In the case of accounts receivable, net realizable value means the debit balance in the asset account Accounts Receivable minus the credit balance in the contra asset account Allowance for Uncollectible Accounts. For example, if Accounts Receivable has a debit balance of $100,000 and the Allowance for Doubtful Accounts has a proper credit balance of $8,000, the resulting net realizable value of the accounts receivable is $92,000.

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'Transparency needed, not new rules' From www.accessaccounts.com/ There is a need for greater transparency in the financial markets following the sub-prime crisis, according to one industry expert. Chairman of the Financial Accounting Standards Board Robert Herz said that the sub-prime issue had damaged the US's credibility and that there needs to be action taken as the industry is not achieving the correct balance.

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verifone's Bad Accounting Blip From Motley Fool An "oops" in the accounting methods used to value its in-transit inventory and the allocation of overhead will require big changes to the company's previously stated cost of sales. That's about one-third of the company's earnings for all of 2006, and 80% of what VeriFone has made so far this year. Second, even when the problems are cleared up, their lingering shadow can nix investors' confidence in a company's future performance, seriously hindering its stock price. Fool contributor Morgan...

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verifone: Double Entries To Blame For Accounting Snafu From Card Technology Double entries in VeriFone Holdings' inventory accounting system are why the company is restating the value of its inventories for the first three quarters of fiscal 2007, said Douglas G. Girard Gibbs LLP, which said it specializes in representing individual and institutional investors in securities cases, alleges VeriFone failed to disclose it overstated previously reported inventories and understated the cost of net revenues, thus making VeriFone's financial results unreliable. Bergeron...

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Novell Delays Q4 Earnings Release In Face Of SEC Review From CRN Novell has postponed releasing its fourth quarter and year-end financial results, originally scheduled for Wednesday, while the Securities and Exchange Commission reviews several earlier earnings reports from the company, Novell announced. Novell said it received a "comment letter" from the SEC dated Aug. 7, 2007 concerning the Form 10-K and Form 10-Q the company filed for its fiscal year and fourth quarter, respectively, that ended Oct. 31, 2006, Novell said in a statement. Before filing...

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