Posts in

Archives


Diane Backis leaves the Federal Courthouse on Monday, November 28, 2016 in Albany, NY (AP Photo/Mike Groll) NEW YORK – Diane Backis, former chief accounting officer of Cargill, pleaded guilty Nov. 28 to stealing at least $3.1 million from the Minneapolis-based company over a 10-year period and causing at least 25 million dollars in losses, …

In one of the region’s largest employee theft cases, a Cargill accountant at the Port of Albany admitted on Monday that she stole more than $ 3.1 million from the in 10 global agriculture giant years. Diane L. Backis, 50, of Athens, caused losses of at least $ 25 million to Cargill, the largest private …

A new accounting standard that prohibits accelerating revenue recognition will hurt Rolls-Royce Holdings PLC’s short-term results, the aircraft engine manufacturer’s chief financial officer said in a presentation on Wednesday. IFRS 15 will initially “have a negative impact on our reporting,” said CFO David Smith. However, the “net present value” of the business will not change, …