SKIP TO CONTENT

first

15 words 0 learners

Learn words with Flashcards and other activities

Full list of words from this list:

  1. reimbursement
    compensation paid for damages or money already spent
    The fact that there are two trustees, one appointed by the Securities Investor Protection Corporation, which provides reimbursement for brokerage customers under some circumstances, and the other by the bankruptcy court judge, only begins to address the complexities of the mess made by Mr. Corzine.
  2. administrator
    someone who manages a government agency or department
    There are also “special administrators” in London, since many of the trades were carried out through a British subsidiary.
  3. premature
    too soon or too hasty
    In a minute, I’ll explain exactly what the company did and how the accounting rules came to make it possible to report profits that were at best premature and at worst fictional.
  4. transactions
    a written account of what transpired at a meeting
    The transactions were laid out this week in reports from two trustees trying to unravel the MF Global mess and return as much money as possible to customers.
  5. corporation
    a business firm recognized by law as a single body
    The fact that there are two trustees, one appointed by the Securities Investor Protection Corporation, which provides reimbursement for brokerage customers under some circumstances, and the other by the bankruptcy court judge, only begins to address the complexities of the mess made by Mr. Corzine.
  6. determine
    find out or learn with certainty, as by making an inquiry
    Accounting Backfired at MF Global

    By FLOYD NORRIS

    Published: June 7, 2012


    Facebook
    Twitter
    Google+
    E-mail
    Share
    Print
    Single Page
    Reprints





    Back when I was studying accounting at Columbia University’s business school, the professor had a handy way to determine whether it made sense for a company to recognize revenue: Had it completed the hard task in its business?
  7. circumstance
    the set of facts that surround a situation or event
    The fact that there are two trustees, one appointed by the Securities Investor Protection Corporation, which provides reimbursement for brokerage customers under some circumstances, and the other by the bankruptcy court judge, only begins to address the complexities of the mess made by Mr. Corzine.
  8. realized
    successfully completed or brought to an end
    In all cases, it produced profits that vanished before they were actually realized.
  9. related
    connected logically or causally or by shared characteristics
    Related

    Times Topic: MF Global Holdings Ltd.
  10. protection
    the activity of shielding someone or something
    The fact that there are two trustees, one appointed by the Securities Investor Protection Corporation, which provides reimbursement for brokerage customers under some circumstances, and the other by the bankruptcy court judge, only begins to address the complexities of the mess made by Mr. Corzine.
  11. published
    prepared and printed for distribution and sale
    Accounting Backfired at MF Global

    By FLOYD NORRIS

    Published: June 7, 2012


    Facebook
    Twitter
    Google+
    E-mail
    Share
    Print
    Single Page
    Reprints





    Back when I was studying accounting at Columbia University’s business school, the professor had a handy way to determine whether it made sense for a company to recognize revenue: Had it completed the hard task in its business?
  12. circumstances
    one's overall condition in life
    The fact that there are two trustees, one appointed by the Securities Investor Protection Corporation, which provides reimbursement for brokerage customers under some circumstances, and the other by the bankruptcy court judge, only begins to address the complexities of the mess made by Mr. Corzine.
  13. generally
    usually; as a rule
    Add to Portfolio
    MF Global

    Go to your Portfolio »


    GAAP — generally accepted accounting rules — were not so simple, he said, and sometimes let companies record revenue — and post profits — far too early.
  14. immediately
    without delay or hesitation; with no time intervening
    How, you might wonder, could MF Global report profits immediately?
  15. perhaps
    by chance
    There is no way to know whether the firm would have taken fewer risks without the foolish accounting, but perhaps it would have.
Created on 八月 7, 2012

Sign up now (it’s free!)

Whether you’re a teacher or a learner 全国统一开奖网址, soonshin.com can put you or your class on the path to systematic vocabulary improvement.