Sears Lowers 4Q Results

February 2005
Home Textiles Today;2/21/2005, Vol. 26 Issue 24, p27
Trade Publication
The article reports that Sears, Roebuck and Co. has made two filings of clarification with the Securities and Exchange Commission regarding its finances. Sears is filing an amended Form 10-K and several amended Form 10-Qs for the fiscal year ended January 3, 2004 to correct an error in its consolidated statements of cash flows. Also, the company stated that it has found an error in its accounting practices associated with construction allowances. The allowances had been classified on the balance sheet as a reduction of property and equipment and were amortized as a reduction depreciation expense over the estimated useful life of the property and equipment.


Related Articles

  • Frosty reception for treatment of property profits.  // Accountancy;Jul1988, Vol. 102 Issue 1139, p34 

    Reports on the response of the city analysts in London, England, to the financial results released by Sears Roebuck in 1988. Dissatisfaction with certain accounting policies; Retail firm's report of an increase in its trading profits for the year ending January 31, 1988; Failure to disclose in...

  • Understand your financial statement. Brown, Michael D.; Paras, Brian A. // Medical Economics;4/10/2011, Vol. 88 Issue 7, p52 

    The article focuses on the importance of understanding balance sheets and cash flow statement to help the owner assess the financial health of his or her medical practice effectively in the U.S. A detailed business plan offers direction for the activity of the practice which must contain a...

  • Creating a Cash Flow Statement.  // Bloomsbury Business Library - Actionlists & Checklists;2007, p89 

    The article focuses on cash flow statements. The cash flow statement is a report that summarizes a company's financial performance during a particular year. It measures cash inflows and cash outflows over a specific period of time, typically a year. It does not include outstanding accounts...

  • Published funds statements and SSAP 10. Taylor, Paul // Accountancy;Oct79, Vol. 90 Issue 1034, p95 

    The article discusses the importance of published funds statements in Great Britain. Meanwhile, SSAP 10 has caused public companies to include fund statements, but has done little to improve or standardize content. Published fund statements are very difficult to analyze because of differing...

  • Asymmetric Cost Behavior--Sticky Costs: Expenses versus Cash Flows. Shust, Efrat; Weiss, Dan // Journal of Management Accounting Research;2014, Vol. 26 Issue 2, p81 

    This note highlights a subtle aspect of the asymmetric costs literature not covered In the comprehensive review by Banker and Byzalov (2014). Specifically, we test the assertion underlying this literature that reported expenses can serve as an appropriate proxy for estimating the asymmetry of...

  • WILL SEARS MAKE THE REIT MOVE? Jones, Sandra // Crain's Chicago Business;1/5/2004, Vol. 27 Issue 1, p1 

    As chairman of Sears, Roebuck and Co., Alan Lacy has focused much of his energy converting assets into cash for shareholders. Lacy has kept investors happy by raising billions of dollars selling businesses and spending billions of dollars buying back Sears stock. The moves have boosted Sears'...

  • NOTES ON FUNDS PROVIDED BY OPERATIONS. Sorter, George H. // Accounting Review;Apr59, Vol. 34 Issue 2, p302 

    One of the recurrent problems faced by accountants is to convince consumers of accounting data that depreciation expense is not a source of funds. The method in this article represents a rather complex and formalistic attempt to drive home an obvious point, but such a system of definitions seems...

  • Sears warns of tough 4Q ahead.  // Home Textiles Today;10/23/2000, Vol. 22 Issue 8, p33 

    Focuses on the financial performance of United States-based retailer Sears Roebuck & Co. for the third quarter of 2000. Comparison with 1999 figures; Increase in profits.

  • On Alternative Measures of Accruals. Shi, Linna; Zhang, Huai // Accounting Horizons;Dec2011, Vol. 25 Issue 4, p811 

    This paper investigates the difference between two widely used measures of accruals and their differential impact on accrual strategy returns. The two measures are accruals computed using consecutive changes in the balance sheet items and accruals computed as earnings minus cash flows from...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics