Macy’s said a rogue employee intentionally concealed as much as $154 million in expenses over the past few years, forcing the department-store giant to delay its quarterly earnings release.

Macy’s M-2.29 % decrease; red down pointing triangle delayed its quarterly results after the company discovered that an employee had hidden up to $154 million in corporate delivery expenses over ...

Reviewed by Margaret James Put simply, overhead costs are any and all costs not directly associated with generating profit for a firm. That is not to say overhead costs are not important or necessary.

Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the ... Although the questionable expenses were a small fraction of the $4.36 billion ...

Macy’s said an investigation into accounting problems found that a rogue employee hid more than $151 million in expenses to cover up a bookkeeping mistake and wasn't motivated by personal or ...

Macy’s says an employee hid as much as $154 million in expenses The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said.

There's a new player in the ecommerce accounting software space this tax season. Seller Ledger quietly launched in beta for eBay sellers last year in January, and officially came to market in ...

The Financial Accounting Standards Board in 2023 wants to get closer to finalizing key rules, ranging from companies sharing more details on cryptocurrency holdings to breaking out certain ...

Macy’s delayed its quarterly results after the company discovered that an employee had hidden up to $154 million in corporate delivery expenses over several years, prompting an investigation ...

Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had ...