Monday, February 14, 2011

Pre-Wolfe Address

Kim Wolfe will be speaking on Monday February 14, addressing the state. I am not really sure what to expect because I haven't been able to follow many of the issues involved with Huntington. I do know the speech will be on Valentine's Day and many people will be complaining because they cannot be with their lover's. Boohoo! I do look forward to photographing the mayor because it will be a great opportunity.

Thursday, February 10, 2011

Ford Motor Company

I have searched for the detailed operations of the Ford company on the SEC and came up with several findings. After conducting the search I came upon pages and pages of data involving statements of changes in beneficial ownership of securities. The document that appealed to me was the Form 10-Q. It listed the numbers for sales and revenues in millions for the first nine months of 2009-2010.
It stated in the principles of presentation and consolidation that in the first quarter of 2009, their wholly-owned subsidiary Ford Motor Credit Company LLC recorded a $630 million cumulative adjustment to correct for the overstatement of Financial Service sector cash and cash equivalents and certain accounts payable that originated in prior periods. Another interesting documents involved new adoptions to the company involving accounting standards. These three new adoptions were fair value measurements, transfers of financial assets, and variable interest entities.