These results do not include the "effect of promotion accounting changes
, net" and "other operating items," which are reported as separate line items in operating expenses.
I believe its most important outcome is the provision that AICPA documents will trigger required accounting changes
in may more cases in the future.
18 per limited partner unit, excluding the beneficial cumulative effect of accounting changes
77 per fully diluted share to reflect the cumulative effect of certain accounting changes
adopted by the Company in 1993.
The downgrade reflects the group's increased financial vulnerability stemming from additional losses incurred as the result of accounting changes
arising from the year-end audit.
Earnings Before One-Time Charges, Taxes and Accounting Changes
Income before cumulative effect of accounting changes
for the year ended Dec.
94 per share, a 12 percent increase before restructuring and one-time charges for accounting changes
made last year.
5 million for the cumulative effects of accounting changes
related to the adoption of SFAS No.
04 per share on gross revenues of $25,405,000 compared to net income before accounting changes
of $185,000, or $.
Two one-time accounting changes
, FAS 106 and FAS 114, negatively affected 1993's first quarter results by $3.
Net earnings before the cumulative effect of accounting changes
recorded in the first quarter of 1993 declined 3 percent from $19.