July 6 (Bloomberg) — Societe Generale SA , France’s second-largest bank, said it expects to report “slightly positive” net income in the second quarter, helped by its corporate and investment banking division.

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To be in compliance with the Securities & Exchange Commission when it switches from the United States Generally Accepted Accounting Principles to the International Financial Reporting Standards, accounting firms are continuing to train their employees in international standards.Accounting: Firms begin training for international standards (The Santa Rosa Press Democrat)
Accounting Changes Trigger Major Shift in Business Earnings ReportingA new business combinations standard issued by the Financial Accounting Standards Board (FASB) which took effect on January 1, 2009, is having a profound impact on the earnings reporting of US companies engaged in …