Accounting News 06/2007 (Page 2)

Managers struggling to find general accounting staff (Accountancy Age)

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. (Jun 8, 2007)

Managers struggling to find general accounting staff (vnunet.com)

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 ... (Jun 8, 2007)

Managers struggling to find general accounting staff (Addict 3D)

SEC to Fine Nortel Up To $100 Million in Accounting Fraud Settlement (Seeking Alpha via Yahoo! Finance)

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 [... ] (Jun 8, 2007)

SEC to fine Nortel over accounting fraud: report (The Globe and Mail)

U.S. securities regulators are planning to fine Nortel Networks Corp. up to $100-million for accounting fraud, according to Bloomberg (Jun 8, 2007)

Autodesk Chief Accounting Officer Andrew Miller to Present at the Bear Stearns Technology Conference (SYS-CON Media)

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. (Jun 8, 2007)

Fannie Mae plans to catch up on accounting by next year (Market Watch)

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. (Jun 8, 2007)

SEC to hit Nortel with fine of up to US$100M for accounting fraud: report (CP via Yahoo! Canada News)

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. (Jun 8, 2007)

SEC to hit Nortel with fine of up to US$100M for accounting fraud: report (CP via Yahoo! Canada News)

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. (Jun 8, 2007)

CCH Kicks Off Nationwide Seminar for Accounting Firms (SmartPros Accounting)

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. (Jun 9, 2007)

Top Technologies for Accounting Pros Announced (SmartPros Accounting)

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. (Jun 9, 2007)

Local accounting firm moves into state-of-the-art facility (Eagle-Tribune Online)

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. (Jun 9, 2007)

SEC to hit Nortel with fine of up to US$100M for accounting fraud: report (Canada.com)

U.S. SEC to fine Canada's Nortel over accounting fraud (People's Daily)

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. (Jun 10, 2007)

Accounting, finance jobs to rise in third quarter (Courier-Post)

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. (Jun 10, 2007)

Improper accounting confirmed in W'boro school district budget (phillyburbs.com)

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." (Jun 10, 2007)

ILLINOIS CPA SOCIETY'S 2007 SURVEY ON ACCOUNTING WOMEN (Accounting Education)

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." (Jun 10, 2007)

Houston Accounting Firm Melton & Melton LLP Joins International Association of Independent Firms (PRWeb)

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 ... (Jun 11, 2007)

Accounting ruling unlikely to affect Dallas taxpayers (Dallas Morning News)

It's an obscure federal ruling that threatened to strain municipal budgets and increase property owners' taxes. (Jun 11, 2007)

Accounting error makes ASUO Executive rescind $61,689 in allotted fees (Oregon Daily Emerald)

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. (Jun 11, 2007)

SEC to fine Nortel for accounting fraud (Accountancy Age)

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. (Jun 11, 2007)

Portrait of a Suicide Bomber (NPR)

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. (Jun 11, 2007)

Qwest CEO Notebaert says he'll retire (USA Today)

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. (Jun 11, 2007)

Qwest CEO Notebaert to retire (AP via Yahoo! News)

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. (Jun 11, 2007)

Eco-Accounting can cut business costs up to 50% (Sun Star)

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. (Jun 12, 2007)

Henderson Loggie moves into forensic accounting (Accountancy Age)

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. (Jun 12, 2007)

Henderson Loggie moves into forensic accounting (Addict 3D)

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... (Jun 12, 2007)

Zimbabwe: Accounting Firm Admits Partner (AllAfrica.com)

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. (Jun 12, 2007)

Certified Accounting Professionals Earn 27 Percent More Than Non-Certified Peers, According to IMA Annual Salary Survey (Business Wire via Yahoo! Finance)

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. (Jun 12, 2007)

Jack Benintende Named Treasurer and Head of Fund Accounting of the MainStay Funds (PR Newswire via Yahoo! Finance)

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. (Jun 12, 2007)

Peachtree Premium Accounting for Construction 2008 Now Available (Linux World)

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. (Jun 12, 2007)

Peachtree by Sage Premium Accounting for Nonprofits 2008 Now Available (Linux World)

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. (Jun 12, 2007)

New Peachtree by Sage Premium Accounting for Manufacturing 2008 and Peachtree by Sage Premium Accounting for ... (Linux World)

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 ... (Jun 12, 2007)

Aspen Tech finds accounting mistakes (Boston Business Journal)

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. (Jun 12, 2007)

Aspen Tech finds accounting mistakes (bizjournals.com via Yahoo! Finance)

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. (Jun 12, 2007)

Retailers seen taking lease accounting hit-study (Washington Post)

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. (Jun 12, 2007)

Transmile accounting probe committee resigns (The Star Online)

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

EU sets timetable for approving Chinese accounting standards (People's Daily)

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. (Jun 13, 2007)

Chinese accounting standards to be equivalent to EU's before end-2008 - govt (Sharewatch)

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. (Jun 13, 2007)

McCreevy Talks Accounting Standards With China, Japan (Compliance Reporter)

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. (Jun 13, 2007)

Wizard Accounting Solutions Simplifies, Takes Guesswork out of Microsoft Dynamics Setup, Purchase (Business Wire via Yahoo! Finance)

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. (Jun 13, 2007)

Accounting chief at Comstock Homebuilding to leave (BizJournals)

The chief accounting officer of Comstock Homebuilding Cos. Inc. has resigned to take on another business opportunity, according to a regulatory filing. (Jun 13, 2007)

India Helps to Change the World of Accounting, Claims Kellogg & Andelson (Business Wire via Yahoo! Finance)

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. (Jun 13, 2007)

Peachtree Premium Accounting for Construction 2008 Now Available (BuildingOnline)

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. (Jun 14, 2007)

TUSD workers told they owe $700K District undercharged for insurance, now wants 4,500 employees to pay up (The Arizona Daily Star via Yahoo! News)

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. (Jun 14, 2007)

Pittsburgh Post-Gazette Examines Retiree Health Benefits Accounting Rule (Medical News Today)

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] (Jun 14, 2007)

Corona 2.5 updates payroll/accounting solution (MacNN)

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... (Jun 14, 2007)

Dell says accounting inquiry is in 'final phases' (Austin American-Statesman)

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. (Jun 14, 2007)

Joint POW/MIA Accounting Command gets new commander (KHNL News 8 Honolulu)

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. (Jun 14, 2007)

Bristol-Myers ends 2-year probation over accounting scandal (Daily Record)

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. (Jun 15, 2007)

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