business

By Carla Mozee

Marvell (MRVL:marvell technology group ltd ord
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Last: 7.52-0.06-0.79%

4:00pm 03/05/2009

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MRVL 7.52, -0.06, -0.8%) shares gained 8.9% to $8.19. The company reported a fourth-quarter loss of $65 million, or 11 cents a share, from $1.3 million, or breakeven on a per-share basis, in the year-ago period. Excluding one-time items, the communications chip provider said it would have reported earnings of 5 cents a share.
Sales were $512.9 million, down from $844.7 million last year. Analysts surveyed by Thomson Reuters had expected earnings of a penny a share on sales of $511 million.
Gross margin, a gauge of profitability, improved to 50.7% from 48.1% in the year-ago period. But the company said it believes "the current economic climate will not substantially improve over the short term," said Marvell Chief Executive Sehat Sutardja in a statement.
The company outlined plans to reduce its global workforce by about 15%, a move that will affect 850 employees and result in related charges of $20 million.
Citigroup (C:Citigroup Inc
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Last: 1.02-0.11-9.73%

6:40pm 03/05/2009

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C 1.02, -0.11, -9.7%) shares were up 1% at $1.03, and have dipped down to $1. Citi shares finished the regular session with a loss of 9.7% after hitting an all-time low of 97 cents, pummeled on concerns about the future of the company and as banking stocks tumbled.
Late-traded shares of J.P. Morgan Chase & Co. (JPM:JPMorgan Chase & Co
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Last: 16.60-2.70-13.99%

4:01pm 03/05/2009

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JPM 16.60, -2.70, -14.0%) were up 0.4% at $16.66 and Bank of America shares (BAC:bank of america corporation com
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Last: 3.17-0.42-11.70%

6:40pm 03/05/2009

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BAC 3.17, -0.42, -11.7%) rose 1.3% to $3.21.
The KBW Bank exchange-traded fund (KBE:KBW Bank ETF
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Last: 9.54-1.23-11.42%

4:00pm 03/05/2009

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KBE 9.54, -1.23, -11.4%) , which gauges the country's largest banks, ticked up 0.5% in light volume following an 11% drop on Thursday. See Financial Stocks.
The Nasdaq Composite Index (COMP:Nasdaq Composite Index
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Last: 1,299.59-54.15-4.00%

5:15pm 03/05/2009

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COMP 1,299.59, -54.15, -4.0%) closed the regular session down 4% and the S&P 500 Index ($SPX:S&P 500 Index
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Last: 682.55-30.32-4.25%

5:00pm 03/05/2009

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$SPX 682.55, -30.32, -4.2%) slid 4.3% to 682.55 as investors also braced for Friday's jobs report for February, which is expected to show the largest nonfarm payroll loss in nearly 60 years.
Economists surveyed by MarketWatch expect payrolls to fall by 650,000, and project the unemployment rate to rise to 8% from 7.6%.

source:MarketWatch

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by :Tina Wang

Toyota Motor's incoming president, Akio Toyoda, has promised to make aggressive changes. They're already happening.
The Japanese automaker will try to buy out American workers for the first time as it cuts production, and will slash compensation for North American executives. But it seems no matter what it does, Toyota will simply not make money until at least 2010.
Facing its first-ever full-year loss, of around $5 billion, Toyota (nyse: TM - news - people ) is operating in crisis mode, conserving cash and hunkering down to ride out a deepening demand slump. Toyota said Thursday it will make buyout offers to about 18,000 workers at three U.S. assembly plants and three U.S. auto parts factories, cut salaries of its North American executives by 5% and eliminate their bonuses, and further slash output at U.S. plants.
Toyota will idle some U.S. factories for two to eight days, starting in April, based on inventory levels, and reduce the number of work hours at some plants. The changes will affect the automaker's assembly plants in Indiana, Kentucky, Mississippi and Texas and auto parts factories in Alabama, Missouri and West Virginia.
The company doesn't expect a large number of workers to accept the buyout offer given the poor state of the economy, so most of the savings likely will come from the reduction of compensation and work hours.
“If no one decides to leave, that is fine by Toyota,” said Toyota spokesman Paul Nolasco, who added that Toyota has no target for how many employees will exit.
The moves are part of Toyota's effort to save 800 billion yen ($8.8 billion) for the fiscal year ending March, through reduction of fixed costs by 500 billion yen ($5.5 billion) and savings of 300 billion yen ($3.3 billion) from lower input costs.

source : Forbes.com

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Almost the same with the computerization of business in the trade, dakalanya people think that by applying computerized accounting system, then all problems will terselesaikan.Meskipun accounting assumption is not entirely wrong, but also can be said is not entirely truthful. Because the actual purpose of computerized accounting system is only for

* Zoom error recording,
* Control and cheating
* Acceleration calculations.

However, computerized systems can not be right that a system that has been applied correctly or incorrectly, because the computer only act in a dummy (Passive), meaning that any given command to be done for the countdown, the computer will calculate the direct, but he (computer) do not know whether that was in the countdown is a matter that should be counted or not a matter that needs to be calculated (by way of such).

Departure from there, if we want to start a turnaround in the accounting business, which is a new walk, which needs to be is that we must first know the accounting system (manual), which will be applied in our business. After we merancangnya, we can apply the new accounting system that terkomputerisasi. There will be compromise, compromise occurred in the calculation of the accounting method.

The need to first be prepared to start the cycle accounting is true, actually has bebererapa stages, depending on the destination to be achieved from the accounting calculation.

Starting sikulus Akuntnasi diusaha savings and loans will be divided into 2 groups basis, namely:

1.

Savings and loans that have been there before and computerization
2.

Saving and Loans where there are no new data.

1. If the Save Borrow your business running, of course, you have a little more to apply methods or how accounting calculation that can generate a report Balance Profit and Loss. From the way you gunkana at this time, you can applying it to the system that you will use.
the need to become your attention is when you apply perhituangan accounting Savings and Loans are self-taught (think own), then your accounting system should be replaced by adopting the system that you use, because there is a possibility if you still use your self-taught system, the method is not ready for the development of your business.

some points that need attention:

1.

Loan interest calculation method
2.

Method of calculation of interest savings
3.

treat income and the cost basis or cash basis accruel

2. Saving and Loans If you just stand, the most important point is that you must have at least one that can never run or (become) an interpreter at a book store business loans. Because with this, then the business will be reported (in the manage) is how, will be set at the start.
You try to imagine the business if you do not understand that one of the savings and loans (usually cooperative), the "obligation" to make a report and rugilaba balance that must be reported to the Member be difficult.
Different business trade (private) that do not have the obligation to make reports and balance sheets rugilaba.

jurubuku needs a new business due to system (computerization), which is not 100% dictate how melaporakan how the accounting should (be), but some will be set up in advance (by the user) to comply with state savings and loans (cooperative) that run. and this need in the pen "design" the report forms and methods of calculation.

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