Tue, December 3, 2024
[ Tue, Dec 03rd 2024 ]: Bill Williamson
HELB, National Treasury Advertise Top Managerial Job Openings for Kenyans, Monthly Salary
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Average Net Worth by Age: How Do You Measure Up?
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Pat Gelsinger and Carlos Tavares had the same big problem: Morning Brief
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Palestinians File German Complaint on Media Giant Axel Springer's Business in Israeli Settlements
[ Tue, Dec 03rd 2024 ]: Bill Williamson
30 Under 30 Finance 2025: From Fintech's Top Founders To Wall Street's Best Dealmakers
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Qatar-Kazakhstan investment projects exceed $20bln
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Google Worried Israeli Contract Could Enable Human Rights Violations
[ Tue, Dec 03rd 2024 ]: Bill Williamson
EPFO claim rejected or 'returned': Know why and how to fix errors
[ Tue, Dec 03rd 2024 ]: Bill Williamson
GDP declines by 0.3% in third quarter
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Will Luxury & Sin Goods See A Tax Hike In December, 35% GST On Tobacco, Aerated Drinks?
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Be the Future: Malaysia's First Philosophy, Politics & Economics Degree
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Stellantis considers Picat and Filosa for CEO, says source
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Jack Nathan Health Closes Sale of Canadian Business and Positions for Global Growth
[ Tue, Dec 03rd 2024 ]: Bill Williamson
France faces 'moment of truth' with government on brink of collapse
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Lighthouse Canton Releases Venture Debt Report, H .. h of Non-Dilutive Financing for Startups in India
[ Tue, Dec 03rd 2024 ]: Bill Williamson
REITs in India: 24% returns and 60% of office space ready for investment
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Upper Crust owner SSP posts 23% rise in annual profit
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Egypt's non-banking finance hit $13bln in 9 months: FRA
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Indonesia offers six oil and gas blocks in second 2024 auction
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Buy 'Magnificent Seven' on Corrections, NYU's Damodaran Says
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Commonwealth bank announces major changes to everyday accounts and additional cash withdrawal fees
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Will RBI announce a rate cut? MPC meet date, time, and what to expect
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Prosus invests $100 million in Vastu Housing Finance, acquires minority stake
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Exclusive: Netflix star Ryan Serhant raises $45 m .. ion to disrupt the real estate brokerage business
Mon, December 2, 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Roanoke announces new city manager
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Stock market today: Nasdaq pops as Dow, S&P 500 h .. ar records to kick off final month of banner 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
B2B supply chain financing platform Mintifi raises $80 million from Prosus
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Why Keir Starmer's botched honeymoon with business is firmly in the bin
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Trump's second coming: What it means for the global economy and India's next move
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Truth about viral prediction that work as we know it will be 'extinct' within a decade
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Govt to proceed with plan to set up revenue body, Hashim signals
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Hero Future Energies to invest $1.3bn in India's Karnataka
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Business cycle funds: Ideal for seasoned investors with macro-driven goals
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Taurus Daily Horoscope Today (April 20- May 20), December 2, 2024: Keep a broad perspective!
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Why ATM solutions company CMS Info Systems is looking for a queen
[ Mon, Dec 02nd 2024 ]: Bill Williamson
India removes windfall profit tax on domestically-produced crude oil and fuel exports
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Ripple's XRP Becomes One of World's Biggest Cryptocurrencies After Trump Election Surge
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Swiss corruption case involving Trafigura and former executive opens
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Sebi issues attachment order for Anil Ambani's Reliance Big Entertainment
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Stock market today: Dow, S&P 500 hold near record highs to kick off final month of banner 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
The good and the bad for South Africa heading into 2025
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Costco's Buffalo plan: cost, timeline and more
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Avoid bad financial decisions: Spend wisely this festive season
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Money blog: The one supplement experts agree is worth every penny
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Comment: Women are custodians of nature - and key to improving the integrity of carbon markets
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Top Dividend Stocks To Watch In December 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Explainer: What's next in France's political and budget crises?

Macy's Multimillion-Dollar Error

Macy's, the iconic American department store chain, experienced a significant financial setback due to a multimillion-dollar error in its accounting practices. According to a report by The Wall Street Journal, Macy's had to restate its financial results for the first three quarters of 2022 after discovering that it had overstated its earnings. The error stemmed from miscalculations in the company's lease accounting, leading to an overstatement of pre-tax earnings by approximately $100 million. This mistake not only affected Macy's stock prices, causing them to drop, but also raised concerns about the company's financial oversight and internal controls. The restatement was necessary to correct the inflated figures and provide a more accurate depiction of Macy's financial health, amidst ongoing challenges in the retail sector including shifts towards online shopping and competition from newer retail models.

Read the Full AOL Article at:
[ https://www.aol.com/finance/macys-multimillion-dollar-error-202100024.html ]