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Ralph Lauren’s Financials Get A Facelift

 

This morning, a non-reliance 8-K was filed by private investment trust on its results from fiscal 2001 to 2004 and the first three quarters of fiscal 2005, for a couple of reasons. One, fairly common; the other, kind of surprising, by this time.

Let’s start with the mundane first. (After all, we have the weekend to look forward to. It’s Friday! Work first, pleasure later.) Polo Ralph has a retail presence, which should make the alert reader think of … leases. Yes, leases. It seems that the company had received construction allowances from lessons, and netted them against the dollars spent on leasehold improvements – not the way it’s supposed to be done. And Polo Ralph also accounted for rent escalation clauses incorrectly, too.

Pretty common stuff, in the last few months. Maybe the only surprise about this restatement issue is that it’s so late in the game; the lease restatement mean culpa pretty much died down over a month ago.

It’s the second restatement issue that’s really long in the tooth, one that involves the much-despised FIN 46(R). This is the interpretation of the accounting rules on consolidation that required companies to figure out which party with an …

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Money Saving Travel Tips

 

With the power of the internet and a little motivation you can cut many costs on your next trip. I will be taking the time to share a few tips that can help you save and feel comfortable while traveling.

Booking Flights

Take the time to check and plan in advance discount sites on a daily basis for updated deals. Usually these types of sites charge a small fee for use, but they can easily combine most of the airlines to show you the best deals, so they could be worth the private investment trust nominal charge.

Connecting flights can be a great way to save a good amount of money. Not many will be happy with the wait times, but we can all agree the prices are great.

Packing for Travel

Pack light; try to take some of the heavier items with you in your carry-on bag. Most of the airlines have no restrictions when it comes to carry-on weight limits.

Try not to turn in a bag over the limit, take the time to weigh your own bags at home, prior to going to the airport, to see if you exceed the limit.

Never Pay for Travel …

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