VENDOR ALLOWANCES A THORNY INDUSTRY ISSUE

ZANDAAM, Netherlands -- Retailers and wholesalers need to provide more information about accounting standards throughout their organizations in order to help prevent the kind of meltdown that is forcing Ahold to restate its earnings, according to some analysts polled by SN last week.The company said its U.S. Foodservice subsidiary overstated its earnings by $500 million during the last two years because

ZANDAAM, Netherlands -- Retailers and wholesalers need to provide more information about accounting standards throughout their organizations in order to help prevent the kind of meltdown that is forcing Ahold to restate its earnings, according to some analysts polled by SN last week.

The company said its U.S. Foodservice subsidiary overstated its earnings by $500 million during the last two years because of inappropriate accounting for vendor allowances, an area that has proved partic

Register to view the full article

test - Advanced Registered User

Already a member? .