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Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Author-supplied Abstracts.)

Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Author-supplied Abstracts.)

The article presents advice for reducing company-provided healthcare costs by reducing accounting errors and fraudulent claims. Topics addressed include an overview of the problem of erroneous or fraudulent billing in corporate health insurance management, discussion of the conditions which make false claims possible, and a six-step model for better patient, insurer, and provider communication.

The article reports on the concerns expressed by the journal "Pharmaceutical Commerce" regarding the paper released by Premier Healthcare Alliance about the drug price profit margins of small distributors in the U.S. in 2011. It says that the said report incorrectly stated the markup charged by distributors. According to the periodical, the real revised numbers ranged from 29 to 729%, instead of the 650% originally noted in Premier's paper.

The article focuses on the data-matching program of the Australian Taxation Office (ATO). It mentions that human services has barely broken even doing it; and also mentions about making a simple accounting error. It also mentions that the Australian welfare fraud. It mentions about imagining having to prove for insurance purposes that a wife is not a dolphin.

The article reports that a trader think calmly when he realizes that he had made a mistake while trading. It states that every error causes irreparable loss and is a result of track of errors. It focuses on reasons of committing errors including, entering the wrong figure, lack of self discipline and discrepancy between intent and execution. It states that establishing an error account and tracking all errors over their will help in avoiding them.

One of China's largest listed drugmakers said it overstated cash holdings by $4.4 billion, sending its shares and bonds tumbling. [ABSTRACT FROM AUTHOR]

In this article, the author, who is editor of the periodical, addresses issues related to marketing management in day-to-day office scenarios. Topics discussed include introduction of various procedures by account departments to minimize errors in paperwork, complex nature of proper organizational simplicity and available solutions such as automation, dashboard and artificial intelligence.

The article presents several answers to the question related to the biggest financial mistake and the ways on how to recover.

Edward-Elmhurst Health, based in Naperville, Illinois, recently faced a crisis when it found a $92 million accounting error. The three-hospital nonprofit system discovered that accounts receivable had been overstated repeatedly over the course of six years. [ABSTRACT FROM AUTHOR]

The article reports that errors persist into 2014 year-end XBRL filings in the U.S. as Form 10-Ks and 10-Qs mostly filed through the early part of 2015.

The article focuses on the aspects of accounting reports error through accounting process considering the U.S. Securities and Exchange Commission (SEC) policy requirements under Generally Accepted Accounting Principles (GAAP). Topics discussed include the importance of considering immaterial items such as minor fixed assets, overhead costs and straight-line interest expense, the proposal of adjustments by auditors, and the implication of quantifying the effect of the policy on companies.

The article reports that U.S. Securities and Exchange Commission (SEC) pushes companies to tighten its accounting procedures on its statement of cash flow considering the issue of steady increase in restatements. Topics discussed include several related factors addressed which affects the accuracy of the reports such as the information from the company, accounting staff, and timing, the role of inspectors on the reporting process, and the issue of classification approach in the process.

The article informs that supermarket firm Tesco has been fined by the Serious Fraud Office for an accounting error of overstatement of its expected profit for the half year, and also mentions Tesco has agreed to the fine levied by Financial Conduct Authority.

The article reports that PriceWaterhouseCooper has settled case of Jon Corzine, Chairman of global accounting firm MF Global who has multibillion-dollar portfolio of European sovereign bonds at MF Global, of accounting errors. Also includes views of Jacob Frenkel, member of Dickinson Wright and former Securities and Exchange Commission attorney, on the same.

The article discusses issues related to accounting errors stated by the auto rental company Hertz. It is noted that the firm in a Form 8-K filing in June 2014 warned that its current quarterly filing would be late and that its financial statements for 2011 should no longer be relied upon. It is noted that the firm also expressed material weakness in internal control over financial reporting as of December 31, 2013.

The article discusses payroll errors at maintained schools in Lancashire, England which resulted in some teachers and assistants being significantly overpaid and others being underpaid. It notes the mistake was made by a joint venture between the Lancashire County Council and BT known as One Connect, as well as comments on the conflict between school heads and One Connect over who should correct the mistakes.

The article reports that some British independent academies will have to refund the government for money that was accidentally given. It is said that the British Department for Education (DfE) has blamed the error on the Education Funding Agency, formerly the Young People's Learning Agency (YPLA).

The article discusses a billing error in the New York State Health Department that has been causing a problem in the state's home healthcare agencies in 2012. It states that around two years ago, the New York heath department made an error in bookkeeping that led to the agencies getting overpayment for their Medicaid customer base. It says that a convoluted structure of Medicaid payment is at the center of the issue.

The article offers tips to accountants on avoiding accounting mistakes, including paying attention to reviewer comments, maintaining focus when using spreadsheets created by others and opting for a comprehensive review rather than a spot check.

The article presents questions and answers related to employment law in the U.S. such as laws that prohibit managers to raise their voice out of frustration and filling W-2c form to correct a bookkeeping error.

The article explains why it is not uncommon for professional services firms to focus on the 100% rather than 90,000 U.S. dollars and why one should think differently about realization on his time and materials projects.

The article discusses the report 'Threat Prediction Report' released by computer security firm Intel Security's McAfee Labs regarding attack of cybercrimes on financial sector in 2016. It mentions that cybersecurity tools which are used in financial industry are unaware of these attacks. It also mentions that the attack can be appears in several ways such as in accounting errors and acts of a disgruntled employee.

The article reveals the data and accounting errors at the U.S. Veteran Health Administrator's (VHA) Health Eligibility Center (HEC) which led to a news report that some veterans with pending health care applications have already died. Topics include the erroneous basis of the news report, the reasons for the HEC's data unreliability, and allegations that VHA officials failed to clean up enrollment records through its Workload Reporting Productivity (WRAP) tool.

The article reports that Julian and Rhona Blades, owners of clothing chain Jules B, have invested more than 875,000 pounds into the business to compensate for accounting errors including overvalued stock, understated trade creditors, and an overstatement for provisions for sales credit notes.

Massachusetts' Medicaid program made incorrect electronic health record incentive payments to 19 hospitals totaling $3.3 million, according to the Department of Health and Human Services Office of Inspector General. [ABSTRACT FROM AUTHOR]

The article reports on the expected 28 percent decline in the stock price of American Realty Capital Properties after it confessed to an accounting error that it intentionally concealed. Topics discussed include how the company's credibility is at stake with the revelation of the accounting scandal, the investment community's view on American Realty Capital Properties owner Nicholas Schorsch and his other businesses including RCS Capital and American Realty Capital Healthcare Trust.

The article reports on the decline registered by the stock of real estate investment trust American Realty Capital Properties Inc. for the second day as of October 31, 2014 following report of accounting errors that resulted to the resignation of two executives. Topics include the concern raised about the company's ability to raise money for growth and the disclosure that a mistake in the landlord's financial statement was intentionally concealed.

The article discusses how billionaire Nick Schorsch's real estate investment trust (REIT) American Realty Capital Properties (ARCP) fired its chief financial officer (CFO) over accounting mistakes that inflated the earnings of the company. Topics covered include how the mistakes were intentionally not corrected, the calculation of adjusted funds from operations (AFFO), and how ARCP erroneously reported a plan to pay fees on the deal involving the dining restaurant chain Red Lobster.

The article reports on the minimum standards being developed by the Financial Stability Board (FSB) that will restrict the double-counting of capital banks use to meet present international rules based on the FSB working document sent to G20 governments for comment.

The article reports on a document from the U.S. Internal Revenue Service that shows details to correct withholding errors in the upgraded Medicare tax. Topics include interest-free adjustment on Form 941-X, how overwithholding errors made in the same year are adjusted, and the reason why errors in the additional Medicare tax that are found in a later year cannot be corrected.

The article looks at Bank of America as of May 2014, reporting that an accounting error discovered by the bank has resulted in its decision to revise its planned stock buybacks and dividend levels, both of which are likely to be reduced, and noting the financial market response to the episode.

The article informs that the recent version of the U.S. generally accepted accounting principles (GAAP) eXtensible Business Reporting Language (XBRL) taxonomy has been approved by the U.S. Securities and Exchange Commission (SEC). It mentions that the changes occurred in several areas including accounting standards updates, common reporting practices observed in company filings and correction of errors and rationalization of duplicated concepts.

The article reports on the fall of share price of Diamond Foods on its admission of misaccounting of payments to walnut growers in Colusa County, California.

The article discusses how U.S. oil service firm Weatherford International will earn bigger rewards from rising oil prices, global demand, and increased spending on exploration and production. According to the author, Weatherford has overcome accounting errors, a bribery scandal, and political turmoil in the Middle East that has adversely affected regional oil production.

The article focuses on the plan of Germany's central bank to investigate the 55.5 billion euro accounting error reported by FMS Wertmanagement in October 2011.