Builder Magazine: Accounting

Builder MT Teams Up with Microsoft Dynamics

Thu, 4 Oct 2012 02:04:01 EST

The collaboration will allow the two systems' workflow and accounting features to work as one fully integrated solution.

Home Appraisal Process Flawed, Government Report Finds

Fri, 27 Jul 2012 05:39:37 EST

A Government Accounting Office study has raised concerns over the quality and oversight of the appraisal industry.

Beazer's McCarthy to Return $6.5 Million in Compensation

Tue, 31 Jan 2012 02:58:27 EST

Beazer Homes USA, Atlanta (NYSE:BZH) late Thursday announced its CEO, Ian J.McCarthy, has reached a resolution with the Securities and Exchange Commission under the Sarbanes-Oxley Act to return approximately $6.5 million in cash plus unspecified shares of stock that were awarded while the company was under investigation for accounting fraud.

KB to Shut Denver Accounting Center

Tue, 31 Jan 2012 10:11:33 EST

KB Home, Inc., Los Angeles (NYSE:KBH), on Thursday announced the consolidation of its two accounting and administrative services centers into one centralized office. The services currently performed by its regional accounting center based in Denver, Colorado will be transitioned over to its Phoenix, Arizona center during the next three to four months, the company said. The move will not affect home building operations in the Denver area.

Editor's Notes: Joel H. Rassman, 1945–2010

Mon, 30 Jan 2012 10:14:20 EST

A brilliant career.

KB Says SEC Quits Accounting Probe

Mon, 30 Jan 2012 09:52:58 EST

The Securities and Exchange Commission has wrapped up an investigation related to KB Home's accounting and disclosures and won't recommend any enforcement action, KB Home announced Wednesday. Last October, KB disclosed the investigation in its quarterly report filed with the agency, saying that the SEC had issued a formal order of investigation regarding possible accounting and disclosure issues.

Former Beazer Accounting Chief Indicted

Thu, 26 Aug 2010 09:04:13 EST

Michael T. Rand is in jail awaiting a hearing on 11 counts of federal charges.

Former Beazer Accounting Chief Indicted

Tue, 31 Jan 2012 10:21:47 EST

Michael Rand, Beazer Homes USA's former chief accounting officer, was indicted by a grand jury, arrested, and is being held on 11 counts on federal charges related to wrongful accounting practices and attempts to conceal them from investigators.

Builders Cash in on Tax Refunds

Tue, 9 Feb 2010 10:27:42 EST

Extension of net operating loss carry-back provision to five years are returning millions of dollars to public builders, some of which are using the money to buy land at bargain prices.

American Express OPEN Targets Lowe’s Pro Customers

Thu, 30 Jun 2011 11:22:13 EST

Purchases made with small-business credit card will earn reward points redeemable for gift cards.

SEC May Seek to Recoup Beazer CEO Compensation

Mon, 30 Jan 2012 09:53:27 EST

The staff of the Securities and Exchange Commission (SEC) plans to recommend that the federal agency sue Ian McCarthy, CEO of Beazer Homes USA, to collect past bonuses, incentive compensation and profit from stock sales he received when the company's accounting was in noncompliance. Beazer announced the Wells notice, which is a letter from the SEC announcing its intention to bring enforcement action, on Monday, saying that McCarthy intends to submit documents in his defense to the SEC staff.

Lee Evans’ 10 Timeless Lessons for Home Builders

Mon, 26 Oct 2009 05:03:38 EST

Generations of builders say the advice of the legendary business consultant, now 92 years old, has proved invaluable over the years.

KB Discloses SEC Accounting Probe

Tue, 31 Jan 2012 10:11:13 EST

KB Home (NYSE:KBH), Los Angeles, on Oct. 9 disclosed in a 10-Q quarterly report filed with the Securities and Exchange Commission that the SEC has issued a formal order of investigation regarding possible accounting and disclosure issues.

Remembering Steve Maltzman: 1955-2009

Fri, 18 Sep 2009 12:17:19 EST

Business accountant and advisor helped countless builders and remodelers improve their companies.

Federal Charges Detail Beazer's Misdeeds

Fri, 18 Sep 2009 12:04:37 EST

Atlanta-based builder committed mortgage fraud and more, according to government.

Beazer Settles Federal Charges

Tue, 31 Jan 2012 11:13:59 EST

Several federal agencies have settled a two-year investigation against Beazer Homes USA, agreeing they won't prosecute the company for criminal mortgage and securities fraud if it meets certain conditions and pays between $48 million and $50 million in restitution over the next 60 months.

Comstock Announces Departure of CFO

Mon, 30 Jan 2012 08:41:31 EST

Comstock Homebuilding Companies, which in late March disclosed that its auditor had expressed doubt that the company could survive, announced Thursday that effective May 22, 2009, Bruce Labovitz, its CFO, was no longer employed by the Company. Comstock said Jeff Dauer, chief accounting officer, has assumed the CFO position on an interim basis.

Meritage Chief Accountant to Leave

Tue, 31 Jan 2012 12:26:15 EST

CFO Larry Seay will take over duties in mid- to late January.

Meritage Chief Accounting Officer to Leave

Tue, 31 Jan 2012 12:26:21 EST

CFO Larry Seay will take over duties in mid- to late January.

Toll's Rassman Diagnosed with Leukemia

Tue, 31 Jan 2012 10:37:10 EST

Rassman, who will soon begin treatment, "will continue to maintain his positions and perform his duties with the company and will continue to lead the strong department that he has built," the company said in a statement.