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Cardinal Health Settles Shareholders? Suit
The medical products and services company agreed to pay $600 million to settle a lawsuit filed by shareholders accusing it of accounting irregularities and inflated earnings. (Fri, 01 Jun 2007 03:27:05 GMT)

Dell reports staffing cuts, continued accounting woes
Struggling computer giant Dell said Thursday that it would cut 10 percent of its staff and postpone its annual shareholders meeting because of accounting problems. (Fri, 01 Jun 2007 05:32:55 GMT)

CSC Delays Annual Report On Past Accounting Errors
Services firm Computer Sciences Corp late yesterday said significant errors related to accounting for tax liabilities over the past several years will cost between $300m and $400m to correct. The company said it would delay its fiscal 2007 annual report, which was scheduled to be filed on June 13, as a result. (Fri, 01 Jun 2007 05:44:36 GMT)

Dell to lay off 10 percent of employees
Dell Inc. will lay off 10 percent of its 88,100 workers, in a continuing effort to improve profits as the company also completes an investigation of accounting fraud, it said Thursday. (Fri, 01 Jun 2007 07:51:29 GMT)

Dell to cut staff 10% amid continued accounting troubles
Dell said Thursday that earnings rose 8% in preliminary first-quarter results, but the computer maker planned to lay off about 8,000 employees over the next year as part of an ongoing restructuring. (Fri, 01 Jun 2007 10:48:33 GMT)

Finance, Accounting and Consultancy
United Kingdom: Is Treasury Adding Value As It Should?: Strategy And Benchmark Practices (Fri, 01 Jun 2007 12:29:36 GMT)

Almost Family hires chief accounting officer
Almost Family Inc. has named John B. Walker as vice president and chief accounting officer, according to a filing with the U.S. Securities and Exchange Commission. (Fri, 01 Jun 2007 19:14:45 GMT)

Circle Bank adds accounting veteran to board
Circle Bank said Friday that Steve Ghirardo, partner in Novato-based Ghirardo CPA and Ghirardo Real Estate Group, has joined the bank's board. (Fri, 01 Jun 2007 21:14:06 GMT)

Connecticut Takes Up Fight Over Accounting Rules
Connecticut has picked a fight with the independent board that tells state and local governments how to report their financial affairs. (Sat, 02 Jun 2007 01:41:05 GMT)

Accounting System for SMEs (Small & Medium Enterprises) to meet HK and Macau Financial Reporting Standards
A software developer in Hong Kong, Universal Supplies Co., has announced a new accounting system called UFASS (USC Foresight Accounting Standards Systems) to be available for custom order from Jul. 1, 2007. (PRWeb Jun 2, 2007) (Sat, 02 Jun 2007 07:04:24 GMT)

Mental accounting: mind over money
Let's say you are headed to a movie. As you are about to enter the theater, you reach into your pocket and find to your dismay that you have lost your ticket. (Sun, 03 Jun 2007 08:47:42 GMT)

CBSF accounting degree
Oman's College of Banking and Financial Studies will offer a degree in accounting and finance from September 2007 in a tie-up with the UK's University of Bradford, the Times of Oman reported. The college also offers a degree in banking and financial sciences. (Sun, 03 Jun 2007 10:36:11 GMT)

The SEC reportedly supports Enron shareholders in high court case
The $40 billion lawsuit contends that Merrill Lynch, Barclays and Credit Suisse Group should be held equally liable as Enron as participants in the energy company's massive accounting fraud. (Sun, 03 Jun 2007 10:58:17 GMT)

Accounting Made Easy for eBay Business Owners
One of the least fun things about running an eBay business is keeping track of sales revenue and expenses, but there's no way around this necessary chore. (Sun, 03 Jun 2007 12:26:34 GMT)

Accounting firm shifts top exec
Accounting firm Boulay, Heutmaker, Zibell & Co. has promoted 18-year-veteran Mark DeNucci to be managing partner. He will fill the shoes of longtime Managing Partner Rick Burrock, who was named chairman. (Mon, 04 Jun 2007 05:05:21 GMT)

Ask SCORE: Choose accounting services carefully
Question: Should I take care of my own books, or hire an accountant? Answer: As you launch or expand a business, keeping track of the money coming in and going out, preparing tax returns and performing the other financial tasks can quickly become a burden. (Mon, 04 Jun 2007 06:10:09 GMT)

Malaysian accounting woes could hurt market surge
KUALA LUMPUR, June 4 (Reuters) - Malaysia leads the pack in a rally of Southeast Asian stock markets, but concern over a rash of accounting irregularities at some listed firms could hurt sentiment and thwart further gains, investors say. (Mon, 04 Jun 2007 06:45:01 GMT)

The Hartford Names Beth A. Bombara Senior Vice President, Controller and Chief Accounting Officer
HARTFORD, Conn.----The Hartford Financial Services Group, Inc. today announced that Beth A. Bombara, CPA, has been promoted to senior vice president and controller of the company. Bombara, 39, succeeds Robert Price, 56, who is continuing with The Hartford on a reduced schedule. (Mon, 04 Jun 2007 13:15:00 GMT)

Zecco Trading Chooses Wolters Kluwer Financial Services' GainsKeeper to Meet Customers' Tax-Lot Accounting Needs
Wolters Kluwer Financial Services today announced that its GainsKeeper® product, which provides automated tax-based financial tools and services to the investment community, will be integrated with Zecco.com, an online financial portal that provides investors with access to free stock trading via Zecco Trading. (Mon, 04 Jun 2007 14:30:00 GMT)

FSA punishes 3 accountants over Livedoor scandal
_ The Financial Services Agency on Monday slapped penalties on three certified public accountants, including the revocation of a license, in connection with Livedoor Co.'s fraudulent accounting practices. (Mon, 04 Jun 2007 14:39:17 GMT)

Can a New Online Game from RevenueRecognition.Com Really Make Accounting Fun?
CANTON, Mass.----RevenueRecognition.com, a website dedicated to educating finance professionals on revenue management and related issues, today announced a new on-line game that presents an amusing educational experience for corporate financial and accounting professionals about the complexities of revenue recognition. (Mon, 04 Jun 2007 14:54:00 GMT)

IGT Board Approves Management Changes
In a meeting last week, the International Game Technology Board of Directors approved IGT's appointments of Stephen W. Morro as Chief Operating Officer and Daniel R. Siciliano as Chief Accounting Officer and Treasurer, subject to necessary regulatory approvals. (Mon, 04 Jun 2007 15:16:51 GMT)

Furniture orders continue slide
Orders for new furniture from residential manufacturers fell 4 percent in March from March of 2006, according to a monthly survey from High Point consulting and accounting firm Smith Leonard. (Mon, 04 Jun 2007 15:28:02 GMT)

EVALUATING ASSESSED GROUP WORK IN A SECOND YEAR MANAGEMENT ACCOUNTING SUBJECT
This paper discusses the perceptions on the part of a large cohort of Sydney-based second year university accounting students of the benefits of group-work in developing transferable skills in teamwork, self-management, and planning and organising. (Mon, 04 Jun 2007 16:51:49 GMT)

Shareholders OK new directors, accounting firm at Krispy Kreme
Krispy Kreme Doughnuts Inc. held another shareholders meeting, its second of the year, Monday morning. Among other business, new directors were added to the company's board of directors. (Mon, 04 Jun 2007 19:07:18 GMT)

DAN S. DEINES EARNS 2007 AICPA DISTINGUISHED ACHIEVEMENT IN ACCOUNTING EDUCATION AWARD
Dan S. Deines, Ph.D., CPA, the Ralph Crouch KPMG Chair in Accounting at Kansas State University, is the 2007 recipient of the Distinguished Achievement in Accounting Education Award from the American Institute of Certified Public Accountants (AICPA). Jimmy Williamson, AICPA Chair, presented the award at the spring meeting of the Institute’s governing Council, which began today in Washington, DC. (Mon, 04 Jun 2007 23:21:21 GMT)

Open Polytechnic students win accounting prizes
Four Open Polytechnic of New Zealand students studying towards accounting qualifications received awards from The New Zealand Institute of Chartered Accountants to coincide with the Polytechnic’s graduation ceremonies recently. (Tue, 05 Jun 2007 00:04:53 GMT)

Finance, Accounting and Consultancy
The rapidly shifting sands of the financial reporting landscape has led to a huge growth in demand for client facing, expert IFRS advice and project services. This is particularly true in the complex area of financial instrument accounting. (Tue, 05 Jun 2007 08:29:27 GMT)

Finance, Accounting and Consultancy
The announcement by Tesco to give milk suppliers a base price of 22ppl could be a turning point for all involved if everyone in the supply chain is open and transparent. (Tue, 05 Jun 2007 10:29:25 GMT)

The CPA Technology Advisor Honors Innovative Technologies for Tax & Accounting Pros
SHAWNEE, Okla.----New technologies focused on streamlining tax preparation were among this year's winners of The CPA Technology Advisor's Tax & Accounting Technology Innovation Awards, the most prized recognition for developers of software, hardware, services and other technologies geared toward professional accountants and tax preparers. (Tue, 05 Jun 2007 15:21:00 GMT)

Equinomics 101: Management and Accounting System Targets Equine Industry
Rockwood Enterprises, Inc., a three-year- old Houston-based marketing and publishing company, announced today the launch of Equinomics 101 - a management and accounting system designed to teach horse owners and horse-related businesses how to efficiently manage their finances. (Tue, 05 Jun 2007 19:14:00 GMT)

US option accounting
Do US regulators have the stomach for another round on stock option accounting? (Tue, 05 Jun 2007 19:29:07 GMT)

Sycamore Concludes Investigation into Stock Option Accounting
CHELMSFORD, Mass.----Sycamore Networks, Inc. , today announced that the Audit Committee of its Board of Directors has completed its independent investigation into the Company's stock option granting practices and related accounting. (Tue, 05 Jun 2007 21:36:00 GMT)

ACCA: adopt int'l accounting standards
The Association of Chartered Certified Accountants (ACCA) has called for firms to adopt International Financial Reporting Standards (IFRS) and cease to use the standards issued by the UK based Accounting Standards Board. (Wed, 06 Jun 2007 10:36:05 GMT)

Connecticut Wants to Set Its Own Accounting Rules: Joe Mysak
June 6 (Bloomberg) -- Have they all gone mad? Connecticut now wants to opt out of the Governmental Accounting Standards Board's rules, joining Texas in what amounts to secession from the board. (Wed, 06 Jun 2007 12:11:14 GMT)

Comparability of EU telecom cos hit by differing accounting norms - Moody's
MUMBAI (Thomson Financial) - Moody's Investors Service said an examination of the annual reports of seven EU-based investment-grade telecoms operators revealed several accounting differences, despite the companies reporting their results under International Financial Reporting Standards (IFRS). (Wed, 06 Jun 2007 12:50:28 GMT)

RSM McGladrey and McGladrey & Pullen acquire Orlando-based accounting firm
RSM McGladrey Inc. and McGladrey & Pullen LLP announced Tuesday the completion of the acquisition of Orlando-based Tedder, James, Worden & Associates, P.A., the fifth largest accounting firm in Central Florida. (Wed, 06 Jun 2007 13:14:20 GMT)

Survey finds area CFOs plan to add accounting staff
Eight percent of chief financial officers in the Albany, N.Y., area expect to hire accounting and finance professionals during the third quarter, according to the most recent Robert Half Financial Hiring Index. (Wed, 06 Jun 2007 13:15:00 GMT)

Accounting, finance pros will have opportunities in metro Detroit, survey shows
A survey of chief financial officers projects that the hiring of full-time accounting and finance professionals in metropolitan Detroit is expected to increase during the third quarter. (Wed, 06 Jun 2007 13:26:48 GMT)

Virginia Tech professor calls Norris Hall a "memorial"
BLACKSBURG, Virginia (AP) -- Virginia Tech accounting professor Bryan Cloyd could be excused for never wanting the school's Norris Hall reopened. His daughter Austin, a freshman, was among 30 students and faculty killed there during the shooting rampage at the school in April. (Wed, 06 Jun 2007 14:21:59 GMT)

Orlando accounting firm acquired
RSM McGladrey Inc. and McGladrey & Pullen LLP have completed the acquisition of Orlando-based Tedder, James, Worden & Associates P.A., the fifth largest accounting firm in Central Florida. (Wed, 06 Jun 2007 19:52:34 GMT)

Connecticut Might Join Texas In Rejecting Retiree Health Care Cost Accounting Rules
The Connecticut House recently approved a bill that would give the state comptroller the legal authority to set accounting rules for the state's financial reports -- a task that currently is performed by the Governmental Accounting Standards Board, which has faced criticism on a rule it established [click link for full article] (Thu, 07 Jun 2007 00:15:08 GMT)

US Lawmakers Want Changes To Stock Option Accounting Rules,
A Senate subcommittee hearing on the vexed issue of executive stock options has concluded that new tax and accounting rules are needed to bring more transparency for investors regarding CEO pay, and to rein in huge and undeserved salaries enjoyed by some bosses at non-performing companies. (Thu, 07 Jun 2007 02:57:02 GMT)

Accounting Careers Earn Hot Salaries, Business-Programs.com Offers Degree Info
CNN Money now lists accounting careers as commanding some of the fastest growing salaries in the country. According to the Bureau of Labor Statistics, accounting career opportunities are expected to grow faster than average over the next seven years. Business-Programs.com helps students and professionals find the information they need to pursue an accounting education and look forward to a ... (Thu, 07 Jun 2007 07:11:04 GMT)

Local accounting firm moves into state-of-the-art facility
Moody, Famiglietti & Andronico, LLP, a certified public accounting and consulting firm, moved its offices from Route 114 in North Andover to a state-of-the-art facility in Tewksbury on Friday, June 1. (Thu, 07 Jun 2007 13:53:12 GMT)

ACCOUNTING POLICY CHOICE FOR TRANSACTION COSTS
The Canadian Emerging Issues Committee (EIC) of the CICA has posted a new Abstract on the accounting policy choice for transaction costs. (Thu, 07 Jun 2007 14:06:53 GMT)

NO NEED FOR NEW ACCOUNTING OVERSIGHT COMMITTEES
Canadian investors are well protected by high quality accounting and auditing standards and the public oversight bodies responsible for developing and assessing their use, Canada’s Chartered Accountants said this week in response to the NDP’s fairness in the financial markets campaign.... (Thu, 07 Jun 2007 14:21:31 GMT)

LATEST NEWS FROM THE SOUTH AFRICAN ACCOUNTING STANDARDS BOARD
The South African Accounting Standards Board (ASB) has published the results of its latest deliberations. A number of local Exposure Drafts (ED) were issued for comment. (Thu, 07 Jun 2007 15:21:21 GMT)

SEC to fine Nortel over accounting fraud: report
U.S. securities regulators are planning to fine Nortel Networks Corp. up to $100 million for accounting fraud, Bloomberg reported on its Web site on Friday. (Fri, 08 Jun 2007 05:16:28 GMT)

Firm proposes accounting software to Winfield panel
Times Staff Report WINFIELD | The owner of a software company wanting to develop an accounting program for the town's sewer plant gave her sales pitch to Winfield Town Council members this week. (Fri, 08 Jun 2007 05:44:55 GMT)

Managers struggling to find general accounting staff
Forty-one percent of the HR and finance managers have acknowledged that finding candidates with general accounting skills remains the most difficult challenge, according to new research put out by consultancy Robert Half Finance & Accounting. (Fri, 08 Jun 2007 06:18:37 GMT)

Managers struggling to find general accounting staff
AccountancyAge.com, Accountancy Age , Friday 8 June 2007 at 00:00:00 Finding candidates with general accounting skills is difficult challenge Forty-one percent of the HR and finance managers have acknowledged that finding candidates with general accounting skills remains the most difficult challenge, according to new research put out by consultancy... > Read the full article ... (Fri, 08 Jun 2007 06:32:19 GMT)

SEC to Fine Nortel Up To $100 Million in Accounting Fraud Settlement
The SEC will fine telephone equipment manufacturer Nortel Networks Corp. up to $100 million for accounting fraud, according to a Bloomberg report Friday. The fine is the first test of a new policy that gives the SEC's commissioners more sway in decisions on corporate penalties, and is generally considered to be a gauge of the [... ] (Fri, 08 Jun 2007 10:05:25 GMT)

SEC to fine Nortel over accounting fraud: report
U.S. securities regulators are planning to fine Nortel Networks Corp. up to $100-million for accounting fraud, according to Bloomberg (Fri, 08 Jun 2007 11:31:26 GMT)

Autodesk Chief Accounting Officer Andrew Miller to Present at the Bear Stearns Technology Conference
SAN RAFAEL, Calif., June 8 /PRNewswire-FirstCall/ -- WHAT: Autodesk, Inc. today announced that Andrew Miller, chief accounting officer, vice president finance and corporate controller will present at the upcoming Bear Stearns Technology Conference in New York. (Fri, 08 Jun 2007 14:43:48 GMT)

Fannie Mae plans to catch up on accounting by next year
WASHINGTON (MarketWatch) -- Still catching up with regular financial reporting after an accounting scandal, big mortgage-financer Fannie Mae said Friday it's planning to file up-to-date reports with regulators beginning early next year. (Fri, 08 Jun 2007 14:54:06 GMT)

SEC to hit Nortel with fine of up to US$100M for accounting fraud: report
TORONTO (CP) - Nortel Networks Corp. (TSX:NT) shares were little changed Friday despite a report the company would be fined as much as US$100 million for accounting fraud. (Fri, 08 Jun 2007 14:55:00 GMT)

SEC to hit Nortel with fine of up to US$100M for accounting fraud: report
TORONTO (CP) - Nortel Networks Corp. (TSX:NT) should consider itself lucky if U.S. regulators fine it only US$100 million for accounting fraud, as a recent news report suggests, says an analyst who has covered the telecom equipment vendor's rise and fall over the years. (Fri, 08 Jun 2007 17:53:00 GMT)

CCH Kicks Off Nationwide Seminar for Accounting Firms
June 11, 2007 (SmartPros) A three-hour seminar for accounting firms hosted by CCH, a Wolters Kluwer business, kicked off last week in several cities across the country, and will continue through mid-July in more than 30 sites nationwide. (Sat, 09 Jun 2007 06:25:51 GMT)

Top Technologies for Accounting Pros Announced
June 11, 2007 (SmartPros) New technologies focused on streamlining tax preparation are among this year's winners of top advances in technologies that benefit accounting and tax professionals. (Sat, 09 Jun 2007 06:26:11 GMT)

U.S. SEC to fine Canada's Nortel over accounting fraud
The U.S. Securities and Exchange Commission will fine Canadian telecommunications-equipment maker Nortel Networks Corp. as much as 100 million dollars for accounting fraud, The Wall Street Journal reported on Saturday. (Sun, 10 Jun 2007 04:53:51 GMT)

Accounting, finance jobs to rise in third quarter
The hiring of full-time accounting and finance professionals in the area is expected to increase in the third quarter of 2007, according to the most recent Robert Half Financial Hiring Index. (Sun, 10 Jun 2007 07:13:50 GMT)

Improper accounting confirmed in W'boro school district budget
WILLINGBORO - The state conducted a forensic audit of the district's finances from July 1, 2004 to June 30, 2005 to "confirm or dispel suspicions of wrong-doing." (Sun, 10 Jun 2007 14:10:06 GMT)

ILLINOIS CPA SOCIETY'S 2007 SURVEY ON ACCOUNTING WOMEN
Recently at its Women's Leadership Breakfast, the Illinois CPA Society (ICPAS) released the results of its fifth annual "Accounting Women: 2007 Survey on the Role of Women in CPA Firms." (Sun, 10 Jun 2007 23:21:20 GMT)

Houston Accounting Firm Melton & Melton LLP Joins International Association of Independent Firms
Houston based Melton & Melton LLP is the latest U.S. CPA firm to join MSI Legal & Accounting Network Worldwide (MSI). The firm needed to find an alternative solution to a merger in order to satisfy increasing client demand for services in other U.S. States and internationally. Joining MSI meets this requirement, and just as importantly, enables the firm to retain its much-valued independence and ... (Mon, 11 Jun 2007 07:15:34 GMT)

Accounting ruling unlikely to affect Dallas taxpayers
It's an obscure federal ruling that threatened to strain municipal budgets and increase property owners' taxes. (Mon, 11 Jun 2007 08:14:12 GMT)

Accounting error makes ASUO Executive rescind $61,689 in allotted fees
The Student Senate over-allocated funds at its last meeting, causing the ASUO Executive to issue a veto of both the $26,689 slotted to purchase a new drumline for the Oregon Marching Band and $35,000 to aid in the purchase of an electronic ticketing system for the Athletic Department. (Mon, 11 Jun 2007 09:35:42 GMT)

SEC to fine Nortel for accounting fraud
North America's largest telephone equipment maker, Nortel Networks, is to be fined by the US Securities and Exchange Commission for accounting fraud. The regulator launched an investigation into Nortel's accounting in 2004. (Mon, 11 Jun 2007 10:33:17 GMT)

Portrait of a Suicide Bomber
Sunni insurgents remain willing and able to blow themselves up in crowded public places. The story of a 29-year-old man with a degree in accounting shows a suicide bomber in the making. (Mon, 11 Jun 2007 13:14:56 GMT)

Qwest CEO Notebaert says he'll retire
Richard Notebaert, who took over as head of Qwest Communications as the telecommunications company coped with an accounting scandal, said Monday he will retire as chairman and chief executive officer. (Mon, 11 Jun 2007 15:14:03 GMT)

Qwest CEO Notebaert to retire
Richard Notebaert, who pulled a troubled Qwest Communications from the brink of bankruptcy amid a multibillion-dollar accounting scandal, announced plans Monday to retire as chairman and chief executive officer. (Mon, 11 Jun 2007 15:24:00 GMT)

Eco-Accounting can cut business costs up to 50%
DEPARTMENT of Science and Technology (DOST) Senior Science Research Specialists Christine Olairez said Monday results of studies conducted in various parts of USA, Europe and Asia, claiming reduction of operating cost through Eco-Accounting Management techniques. (Tue, 12 Jun 2007 04:31:55 GMT)

Henderson Loggie moves into forensic accounting
With an increased demand for forensic accounting services in Scotland, Scottish accountancy firm Henderson Loggie has signed up forensic accountant and corporate financier Frank McMorrow to lead a push into this space. (Tue, 12 Jun 2007 08:04:43 GMT)

Henderson Loggie moves into forensic accounting
Larry Schlesinger, Accountancy Age , Tuesday 12 June 2007 at 00:00:00 Signs up forensic accountant and corporate financier Frank McMorrow With an increased demand for forensic accounting services in Scotland, Scottish accountancy firm Henderson Loggie has signed up forensic accountant and corporate financier Frank McMorrow to lead a push into... (Tue, 12 Jun 2007 09:29:17 GMT)

Zimbabwe: Accounting Firm Admits Partner
THE country's first indigenous accounting firm, BDO Kudenga and Company Chartered Accountants (Zimbabwe), has admitted Mr Martin Makaya into partnership, in a step that is expected to strengthen its hold on the domestic market. (Tue, 12 Jun 2007 12:22:05 GMT)

Certified Accounting Professionals Earn 27 Percent More Than Non-Certified Peers, According to IMA Annual Salary Survey
MONTVALE, N.J.----For the 18th consecutive year, accounting professionals who are certified earn significantly more than their non-certified peers, a key finding in the latest Institute of Management Accountants 18th Annual Salary Survey being featured in the June edition of IMA's Strategic Finance Magazine. (Tue, 12 Jun 2007 13:00:00 GMT)

Jack Benintende Named Treasurer and Head of Fund Accounting of the MainStay Funds
New York Life Investment Management LLC today announced that Jack Benintende has joined the organization as managing director. He will head NYLIM's Fund Accounting & Oversight Group and serve as treasurer for the $35 billion MainStay Funds Group. (Tue, 12 Jun 2007 14:08:00 GMT)

Peachtree Premium Accounting for Construction 2008 Now Available
Sage Software announced today the availability of the Peachtree by Sage 2008 product line, which includes the new version of Peachtree by Sage Premium Accounting for Construction. The Peachtree 2008 line includes an array of customer-driven enhancements that save time around daily tasks such as invoicing, document management, and utilizing reports and forms. (Tue, 12 Jun 2007 14:14:12 GMT)

Peachtree by Sage Premium Accounting for Nonprofits 2008 Now Available
Sage Software announced today the availability of Peachtree by Sage Premium Accounting for Nonprofits 2008, offering small nonprofits new customer-driven features and enhancements that will save time and improve product performance around daily tasks such as document management and utilizing reports and forms. (Tue, 12 Jun 2007 14:14:43 GMT)

New Peachtree by Sage Premium Accounting for Manufacturing 2008 and Peachtree by Sage Premium Accounting for ...
Sage Software today announced the general availability of its Peachtree 2008 product line, including new versions of Peachtree by Sage Premium Accounting for Manufacturing and Peachtree by Sage Premium Accounting for Distribution. These products, targeted to small manufacturers and wholesale distributors, provide the business management tools manufacturers and distributors need to achieve their ... (Tue, 12 Jun 2007 14:17:23 GMT)

Aspen Tech finds accounting mistakes
Aspen Technology Inc., which provides software and services to process industries, said it uncovered some accounting errors affecting its balance sheet over the past two years. (Tue, 12 Jun 2007 15:13:31 GMT)

Retailers seen taking lease accounting hit-study
NEW YORK (Reuters) - Retailers could see some big changes in their earnings reports and balance sheets, as accounting rulemakers move forward with a project to change the way companies account for leases, a study showed on Tuesday. (Tue, 12 Jun 2007 22:51:09 GMT)

Transmile accounting probe committee resigns
PETALING JAYA: The entire audit committee of Transmile Group Bhd, which is involved in an accounting probe, resigned yesterday. (Tue, 12 Jun 2007 23:08:26 GMT)

EU sets timetable for approving Chinese accounting standards
The European Commission (EC) is to approve a set of Chinese accounting standards (CAS) in line with those used in EU nations by the end of 2008, a senior EC official has said. (Wed, 13 Jun 2007 03:23:11 GMT)

Chinese accounting standards to be equivalent to EU's before end-2008 - govt
BEIJING (XFN-ASIA) - Chinese accounting standards are to be bought into line with those of the European Union before the end of next year, a statement published on the Ministry of Finance's website said. (Wed, 13 Jun 2007 03:55:34 GMT)

McCreevy Talks Accounting Standards With China, Japan
The European Commission's internal market and services commissioner, Charlie McCreevy, will meet with counterparts in the finance ministries of Japan and China this week to discuss accounting standards. (Wed, 13 Jun 2007 12:23:52 GMT)

Wizard Accounting Solutions Simplifies, Takes Guesswork out of Microsoft Dynamics Setup, Purchase
VIENNA, Va.----Wizard Productivity Systems, LP today released its Wizard Accounting Solutions for Microsoft Dynamics, a unique system that empowers end-users to easily purchase, install, and learn Microsoft Dynamics. (Wed, 13 Jun 2007 12:40:00 GMT)

Accounting chief at Comstock Homebuilding to leave
The chief accounting officer of Comstock Homebuilding Cos. Inc. has resigned to take on another business opportunity, according to a regulatory filing. (Wed, 13 Jun 2007 14:56:20 GMT)

India Helps to Change the World of Accounting, Claims Kellogg & Andelson
LOS ANGELES----India is now being employed to assist the needs of accounting firms such as Kellogg & Andelson here in the United States, to increase efficiency and cut costs in our market today, due to the rising fees within corporate overhead. (Thu, 14 Jun 2007 00:01:00 GMT)

Peachtree Premium Accounting for Construction 2008 Now Available
ATLANTA, GA -- Sage Software announced the availability of the Peachtree by Sage 2008 product line, which includes the new version of Peachtree by Sage Premium Accounting for Construction. (Thu, 14 Jun 2007 01:32:41 GMT)

TUSD workers told they owe $700K District undercharged for insurance, now wants 4,500 employees to pay up
TUSD plans to ask more than 4,500 employees to pay for a district accounting error that led to $700,000 in free health insurance. (Thu, 14 Jun 2007 08:40:53 GMT)

Pittsburgh Post-Gazette Examines Retiree Health Benefits Accounting Rule
The Pittsburgh Post-Gazette on Sunday examined how a new accounting rule that requires local and state governments to determine how much it will cost to provide health benefits for current and future retirees is a "sobering exercise for elected officials, government employees and the taxpayers who support them" (Boselovic, Pittsburgh Post-Gazette, 6/10). [click link for full article] (Thu, 14 Jun 2007 15:15:13 GMT)

Corona 2.5 updates payroll/accounting solution
DesignersDomain has released Corona 2.5, a general ledger and payroll accounting application that features drag-and-drop accounting alongside on-the-fly account creation and click-style reconcilement. The latest revision adds an unpaid bills file for users who don't need formal accounts payable, allowing users to drag-and-drop to the check register... (Thu, 14 Jun 2007 17:52:09 GMT)

Dell says accounting inquiry is in 'final phases'
Company has not decided whether it will have to restate financial results. The Dell Inc. board's 10-month-old investigation of the company's past accounting has moved into "the final phases," the company said in a regulatory filing today. (Thu, 14 Jun 2007 21:58:28 GMT)

Joint POW/MIA Accounting Command gets new commander
HONOLULU (AP) - The Joint POW MIA Accounting Command based in Hawaii is getting a new commander. The chief of naval operations says he has appointed Rear Admiral Donna Crisp to lead the organization responsible for locating and identifying US servicemen from past conflicts. (Fri, 15 Jun 2007 00:02:27 GMT)

Bristol-Myers ends 2-year probation over accounting scandal
TRENTON -- The U.S. Attorney's Office in New Jersey is ending a two-year-old deferred prosecution agreement, a type of probation, with drugmaker Bristol-Myers Squibb Co. that stemmed from a long-running accounting scandal. (Fri, 15 Jun 2007 02:31:18 GMT)

Guilty Plea Entered in Tax Shelter Case
A former employee of the accounting firm Ernst & Young pleaded guilty to conspiracy to commit tax fraud, a month after similar charges were filed against four current and former employees of the firm. (Fri, 15 Jun 2007 03:57:17 GMT)

Drug Maker Ending 2 Years of Probation
A two-year probation for Bristol-Myers Squibb ends Thursday, freeing the company from federal supervision after a major accounting scandal and other misconduct. (Fri, 15 Jun 2007 03:57:26 GMT)

Bristol-Myers ends probation over accounting
The U.S. Attorney's Office in New Jersey is ending a two-year-old deferred prosecution agreement, a type of probation, with drug maker Bristol-Myers Squibb Co. that stemmed from a long-running accounting scandal. (Fri, 15 Jun 2007 09:20:30 GMT)

Webster Announces Douglas O. Hart as Senior Vice President-Chief Accounting Officer
Webster Financial Corporation , the holding company for Webster Bank, N.A., announced today that Douglas O. Hart has joined the company as Senior Vice President- Chief Accounting Officer. (Fri, 15 Jun 2007 12:00:00 GMT)

Joint POW/MIA Accounting Command gets new commander
HONOLULU (AP) _ The Hawaii-based Joint P-O-W / M-I-A Accounting Command is getting a new commander. The chief of naval operations says he has appointed Rear Admiral Donna Crisp to lead the organization. It's responsible for locating and identifying U-S service personnel from past conflicts. (Fri, 15 Jun 2007 15:13:53 GMT)

New program at Davenport University takes accounting one step further
Working to meet the expectations of the changing business world, Davenport University is introducing a new bachelor’s degree program in accounting fraud investigation this fall at the university’s Midland location. (Fri, 15 Jun 2007 15:34:53 GMT)

Dell to delay filing of accounting statements
NEW YORK, June 15 (newratings.com) – Computer manufacturing company Dell Inc ( DELL.NAS ) Thursday announced that the filing of its fiscal first-quarter financial reports had been delayed in the wake of an ongoing accounting investigation. (Fri, 15 Jun 2007 17:43:51 GMT)

Accounting norms change to take a toll on SBI profit
State Bank of India's profits are expected to take a hit of Rs 800 crore for each of the next five years with the bank needing to make additional provision of around Rs 4,000 crore due to changes in accounting norms for employees’ retirement benefits, known as accounting standard-15 (AS-15). (Fri, 15 Jun 2007 19:03:01 GMT)

Cyberonics Names Interim Accounting Head
Medical device maker Cyberonics Inc. on Friday said interim chief operating officer George E. Parker III will also assume the role of interim principal accounting officer. (Fri, 15 Jun 2007 20:06:11 GMT)

8x8, Inc. Announces Change in Accounting Treatment of Investor Warrants
8x8, Inc. , announced today that a recent Securities and Exchange Commission speech discussing the accounting treatment of warrants , has led the Company to conclude that its historical accounting for three outstanding external investor warrants from the Company's fiscal years 2005 and 2006 must be restated to reflect the SEC's recent discussion. (Fri, 15 Jun 2007 20:15:00 GMT)

Avis Names Accounting Chief
Avis Budget Group Inc. said Friday it named Brett D. Weinblatt as its chief accounting officer, replacing John T. McClain, as part of a planned transition. (Fri, 15 Jun 2007 21:15:53 GMT)

Pop Mogul Pearlman Used Phony Accounting Firm, Complaint Alleges
ORLANDO - Federal authorities allege the creator of the Backstreet Boys and 'N Sync defrauded a bank by securing nearly $20 million in personal and business loans with fake documents from a made-up accounting firm. (Sat, 16 Jun 2007 01:42:43 GMT)

Accounting Audit To Wrap Soon, Dell Says
Dell said Friday its audit committee's investigation into the company's accounting errors is about to wrap up. Earlier this week Dell once again delayed filing its quarterly report with the Securities and Exchange Commission. (Sat, 16 Jun 2007 10:28:44 GMT)

Miami accounting firm loses in court
MIAMI -- A jury in Miami has decided that accounting firm was negligent in failing to detect a massive fraud that cost a Portuguese bank $170 million. (Sat, 16 Jun 2007 13:04:20 GMT)

Accounting Firm Faulted In Fraud Case
Accounting firm BDO Seidman LLP was negligent in failing to uncover fraud that cost a Portuguese bank $170 million, a jury finds. (Sat, 16 Jun 2007 18:51:45 GMT)

Accounting firm BDO Seidman LLP negligent in fraud case, jury finds
MIAMI (AP) - Accounting firm BDO Seidman LLP was negligent in failing to uncover fraud that cost a Portuguese bank US$170 million , a jury found. (Sat, 16 Jun 2007 22:39:41 GMT)

It's not wise to pay treasurer for her accounting services
Q: The treasurer for our homeowners' association is paid for her services by reimbursement of her monthly maintenance fee. This has been done for many years. A few homeowners want to cut the reimbursement. (Sun, 17 Jun 2007 07:03:42 GMT)

Finance, Accounting and Consultancy
1. There is now a minimum age for appointment as a director, but is there a maximum age? 2. What has to be included within the Register of Directors? 3. Are directors’ residential addresses now protected from disclosure? (Sun, 17 Jun 2007 13:45:05 GMT)

Bahrain 'can help set accounting standards'
MANAMA: The views of Bahraini companies could help determine the final shape of new international accounting standards being drafted in the UK. Companies in the Gulf, and in Manama in particular, are being sounded out for their views on a new draft of the International Financial Reporting Standards (IFRS), which are issued by the International Accounting Standards Board (IASB). (Mon, 18 Jun 2007 00:10:27 GMT)

Accounting firm Reznick pushing hard for Central Texas clients
Reznick Group PC, a national accounting, tax and business advisory firm, has opened an office in downtown Austin and plans to staff it with as many as 40 people. (Mon, 18 Jun 2007 04:52:22 GMT)

Law and accounting firms look to attract next generation
In a hypercompetitive recruiting and retention environment for law and accounting firms, Justin Sansone is a catch. (Mon, 18 Jun 2007 05:10:41 GMT)

Jury: Accounting Firm BDO Seidman LLP Negligent in Fraud Case
June 18, 2007 (Associated Press) MIAMI - Accounting firm BDO Seidman LLP was negligent in failing to uncover fraud that cost a Portuguese bank $170 million, a jury found. (Mon, 18 Jun 2007 05:55:41 GMT)

FirstGroup under fire over accounting methods
AccountancyAge.com, Accountancy Age , Monday 18 June 2007 at 00:00:00 Transport company accused of overstating annual profits Transport group FirstGroup has come under attack over claims that it has overstated its annual profits by millions of pounds by using unusual accounting practices.... > Read the full article (Mon, 18 Jun 2007 07:32:09 GMT)

FirstGroup under fire over accounting methods
Transport group FirstGroup has come under attack over claims that it has overstated its annual profits by millions of pounds by using unusual accounting practices. (Mon, 18 Jun 2007 07:49:33 GMT)

(AFX UK Focus) 2007-06-18 09:22 GMT: FirstGroup hits back at claims it uses 'unusual' accounting methods
LONDON (Thomson Financial) - British transport company FirstGroup PLC has hit back at press reports accusing the firm of using "unusual" accounting practices. (Mon, 18 Jun 2007 08:49:18 GMT)

BSG Financial Expert Presents Process Success Story at the 2007 FMS Finance and Accounting Forum
----BSG Financial, LLC: What: The 2007 Financial Managers Society Finance and Accounting Forum provides financial services professionals with a comprehensive selection of opportunities to further their careers, solve problems and learn more about the state of the industry. (Mon, 18 Jun 2007 12:30:00 GMT)

Industry Leaders Address Critical Management Accounting Issues at IMA 88th Annual Conference and Exposition
PHOENIX----As the management accounting profession undergoes considerable changes at a fast pace, this week's opening of the Institute of Management Accountants 88th Annual Conference and Exposition at the J.W. (Mon, 18 Jun 2007 13:00:00 GMT)

Genesis Microchip Announces Interim Principal Accounting Officer
SANTA CLARA, Calif.----Genesis Microchip Inc. , a world leader in the development of image and video processing technologies for flat-panel TVs, monitors and other consumer display products, today announced that Linda Millage has assumed the position of Interim Principal Accounting Officer. (Mon, 18 Jun 2007 21:43:00 GMT)

ACCOUNTING FOR NON-ACCOUNTING STUDENTS, 7/E
Accounting for Non-Accounting Students has firmly established itself over six editions as the market leading text in its field. This highly regarded text offers a clear and non-technical introduction to the basic principles of both financial and management accounting. (Tue, 19 Jun 2007 08:51:31 GMT)

STILL FLICKERING AT THE MARGINS OF EXISTENCE. PUBLISHING PATTERNS AND THEMES IN ACCOUNTING AND FINANCE RESEARCH OVER ...
This paper reviews the last 24 years of academic accounting in the UK, using survey data collected every 2 years by the British Accounting Association (BAA). Over this period, the number of academic accountants more than doubled, the number of full professors rose from 42 to 247, the proportion of staff with a Ph.D. rose from 9% to 39%, the proportion with a professional qualification fell from ... (Tue, 19 Jun 2007 09:06:23 GMT)

First Stock-Option Backdating Trial Begins
SAN FRANCISCO, June 18 -- Gregory L. Reyes, the former chief executive of Brocade Communications Systems, either masterminded a stock-option backdating scheme designed to defraud investors or fell victim to murky accounting laws and heightened public scrutiny of corporate accounting errors, lawyers... (Tue, 19 Jun 2007 11:17:20 GMT)

Raines Says Fannie Regulator Hiding Details on Accounting Probe
June 19 (Bloomberg) -- Franklin Raines, ousted as chief executive officer of Fannie Mae in 2004, said regulators are withholding documents that may show a deliberate attempt to drive down the company's stock price. (Tue, 19 Jun 2007 13:40:46 GMT)

CastlePoint Holdings, Ltd. Appoints Senior Vice President & Chief Accounting Officer
HAMILTON, Bermuda----CastlePoint Holdings, Ltd. today announced the appointment of Richard M. Barrow as Senior Vice President & Chief Accounting Officer. Mr. Barrow's primary responsibilities will be to manage the accounting and financial reporting function for CastlePoint Holdings, Ltd. and its subsidiaries. (Tue, 19 Jun 2007 20:35:00 GMT)

Reports lodged with police and SC over accounting irregularities
PETALING JAYA: Gan Boon Aun has resigned as chief executive officer of beleaguered Transmile Group Bhd as the fallout from the accounting irregularities will now lead to a police investigation. (Tue, 19 Jun 2007 23:37:18 GMT)

Inspection by Accounting Board Prompts Deloitte to Revisit Some Audits
June 20, 2007 (Associated Press) WASHINGTON - Deloitte & Touche LLP performed additional audit work for six public company clients after accounting-industry inspectors raised concerns about its work, but said the extra effort didn't change its conclusions on the firms' finances. (Wed, 20 Jun 2007 04:55:41 GMT)

U.S. Auditors Say U.N. Agencies Have Improved Accounting and Oversight But Not Enough
June 20, 2007 (Associated Press) WASHINGTON - U.S. government auditors said Monday that U.N. agencies have improved accounting practices and oversight but remain short of international standards designed to prevent such episodes as the Iraq oil-for-food scandal. (Wed, 20 Jun 2007 04:56:01 GMT)

SEC May Ease Foreign Accounting Regs
WASHINGTON -- Federal regulators are considering allowing public companies to choose between international and U.S. accounting standards for reporting their financial results, a move that could bring a seismic shift in corporate reckoning. (Wed, 20 Jun 2007 06:57:28 GMT)

CSC Wins Estimated $250 Million Agreement From Defense Finance and Accounting Service
Computer Sciences Corporation announced today that it has won a blanket purchase agreement to provide technical support and consulting services at Defense Finance and Accounting Service centers across the United States. (Wed, 20 Jun 2007 12:00:00 GMT)

Inter Milan suspected of false accounting
Serie A champions Inter Milan could be in hot water if it is proven the club presented false accounts before the start of the 2005-06 season. Inter, together with city rivals AC Milan, are being investigated for alleged false accounting between 2003 and 2005. (Wed, 20 Jun 2007 15:04:39 GMT)

SEC Proposes Easing Foreign-Company Accounting Rules (Update2)
June 20 (Bloomberg) -- The U.S. Securities and Exchange Commission moved toward allowing overseas companies to report financial data using international accounting rules, part of an effort to increase cross-border investing. (Wed, 20 Jun 2007 18:25:38 GMT)

Agency: Veto Conn. Accounting Bill
A national accounting standards agency and an accountants' group have urged Gov. M. Jodi to veto legislation that would broaden the state comptroller's authority in setting standards for state finances. (Wed, 20 Jun 2007 19:35:37 GMT)

SEC seeks easier accounting rules on foreign firms
Federal regulators on Wednesday tentatively agreed to ease an accounting requirement for foreign companies that trade on U.S. exchanges. (Wed, 20 Jun 2007 19:57:06 GMT)

SEC Proposes Easing Foreign-Company Accounting Rules (Update3)
June 20 (Bloomberg) -- The U.S. Securities and Exchange Commission moved to scrap a requirement that foreign companies reconcile their financial statements with U.S. accounting rules, part of an effort to increase cross-border investing. (Wed, 20 Jun 2007 20:25:44 GMT)

SEC to ease accounting rules for foreign companies
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Wednesday took a step toward allowing foreign public companies to choose international accounting standards or U.S. rules when filing data with the agency. (Wed, 20 Jun 2007 20:38:54 GMT)

Accounting Rule Is Eased for Foreign Companies
Federal regulators tentatively agreed to ease an accounting requirement for foreign companies that trade on U.S. exchanges. (Thu, 21 Jun 2007 03:26:35 GMT)

Regulators ease accounting rules for foreign companies
Federal regulators tentatively agreed Wednesday to ease an accounting requirement for foreign companies that trade on U.S. exchanges. The action by the Securities and Exchange Commission paves the way for a related change that would allow public companies to choose between international and U.S. accounting standards when reporting financial results. (Thu, 21 Jun 2007 05:34:45 GMT)