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ACCOUNTING: ChuoAoyama's incarnation disbands
Misuzu Audit Corp., formerly ChuoAoyama PricewaterhouseCoopers, ended its 39-year history Tuesday, following accounting scandals at client companies. Misuzu, one of Japan's four largest accounting houses, had announced in February that it would disband after losing many of its accountants. (Wed, 01 Aug 2007 01:28:39 GMT)

Lisbon Accounting Firm CopiRisco Joins International Accounting Network
Lisbon accounting firm CopiRisco Lda appointed by MSI Legal & Accounting Network Worldwide as the organisation's exclusive accounting firm member in Portugal. The move gives the firm access to accountants and lawyers in 100 countries. (Wed, 01 Aug 2007 07:01:00 GMT)

City, accounting manager win awards
NEW BRITAIN - The city of New Britain and its manager of accounting, Rebecca Salerni, have been honored by the Government Finance Officers Association of the United States and Canada. (Wed, 01 Aug 2007 07:28:04 GMT)

Wal-Mart sued over accounting practices
A California trampoline vendor is suing Wal-Mart Stores Inc., claiming the retail giant secretly withdrew more than $400,000 from the supplier’s account as part of a fraudulent accounting practice, according to a complaint filed in federal court on Tuesday. (Arkansas Democrat-Gazette Northwest Edition) (Wed, 01 Aug 2007 12:20:23 GMT)

Intervolve Delivers on Aggressive Route Accounting System Reporting Strategy for Beverage Wholesalers
RALEIGH, N.C.----Intervolve, Inc., the pioneer in providing on demand supply chain software using web and mobile technologies, today announced major reporting enhancements to its Route Accounting System warehouse and delivery software for beverage wholesalers. (Wed, 01 Aug 2007 12:30:00 GMT)

ACCOUNTING STANDARDS BOARD IFRS PROGRESS REVIEW PLAN
The Canadian Accounting Standards Board (AcSB) has published its plan for assessing the progress Canada is making towards its convergence with International Financial Reporting Standards, to confirm that anticipated timing of full convergence continues to be appropriate. (Wed, 01 Aug 2007 16:06:21 GMT)

GOVERNMENT ACCOUNTING ON INTER-ENTITY COST
FASAB’s Accounting and Auditing Policy Committee issued an exposure draft of a new Federal Financial Accounting Technical Release, Clarification of Standards Relating to Inter-Entity Cost. The ED provides guidance to federal entities on three aspects of inter-entity costing.... (Wed, 01 Aug 2007 16:21:41 GMT)

ACCOUNTING FOR TRANSFERS OF FINANCIAL ASSETS AND REPURCHASE FINANCING TRANSACTIONS
On July 24, 2007, the Financial Accounting Standards Board issued proposed Staff Position (FSP) FAS 140-d, "Accounting for Transfers of Financial Assets and Repurchase Financing Transactions." (Wed, 01 Aug 2007 16:21:51 GMT)

ACCOUNTING FOR INTANGIBLE ASSETS
The Canadian Accounting Standards Board (AcSB) has issued a Background Information and Basis for Conclusions document for the June 2007 Re-exposure Draft, Intangible Assets. Comments on the Re-exposure Draft are requested by September 30, 2007.... (Wed, 01 Aug 2007 16:22:01 GMT)

CANADIAN ACCOUNTING STANDARDS BOARD DECIDES NOT TO PROCEED WITH PROPOSALS FOR EMPLOYEE FUTURE BENEFITS
The Canadian Accounting Standards Board (AcSB) met on July 24 and 26, 2007 and considered the comments received on its Exposure Draft, “Employee Future Benefits (Amendments to Section 3461),” from a wide spectrum of stakeholders, and decided not to proceed with the proposed amendments.... (Wed, 01 Aug 2007 16:22:11 GMT)

THE ALLOCATIONAL EFFECTS OF THE PRECISION OF ACCOUNTING ESTIMATES
This paper studies the allocational effects associated with the precision of accounting estimates when the precision of estimates is a choice variable for firms. One part of the paper considers the effects of the observability of precision choices. (Wed, 01 Aug 2007 16:36:31 GMT)

NOTIFICATION OF BREACHES IN ACCOUNTING STANDARDS – A DIRECTOR’S DUTY SAYS ICAS
Company directors, not auditors, should be required to notify the Financial Reporting Review Panel (FRRP) when their financial statements have breached accounting standards. That’s the view of ICAS in a response to a consultation by the FRRP on a proposal to enable it to obtain early notification of audit reports that have been qualified due to a breach in accounting standards.... (Wed, 01 Aug 2007 20:21:41 GMT)

Chief accounting officer leaves Capital Bank
George Nicholson, chief accounting officer at Raleigh's Capital Bank, has resigned from the company to become chief financial officer at a Maryland company. (Wed, 01 Aug 2007 21:43:25 GMT)

Maintaining diversity an issue in accounting firms
Accounting firms face high turnover rates among men and women of color, who complain they have yet to be accepted on equal terms, according to a new survey by the workplace diversity advocate Catalyst. (Thu, 02 Aug 2007 04:49:34 GMT)

BluQube to fit fashion academy's accounting software
London's Fashion Retail Academy, which was opened in 2005 with a £20m fund donated by the state, BHS and Arcadia owner Sir Philip Green, has signed up bluQube to provide it with accounting software. (Thu, 02 Aug 2007 09:52:45 GMT)

UPDATE:SEC Advisory Group Mulls Improvements To US Accounting
(UPDATES throughout with more details from meeting.) WASHINGTON -(Dow Jones)- Can U.S. accounting be new and improved? (Thu, 02 Aug 2007 20:16:32 GMT)

SEC Advisors Mull U.S. Accounting Rules
A 17-member advisery committee began work Thursday on improving U.S. corporate financial reporting, focusing on ways to make it less complex and more useful to both retail and institutional investors. (Thu, 02 Aug 2007 20:16:49 GMT)

Accounting star takes her gifts to church
After spending 36 years building the largest accounting firm in Colorado Springs, Brenda Smith is retiring to head the staff of one of the city’s largest churches. (Fri, 03 Aug 2007 06:24:01 GMT)

Accounting firm's stolen laptop had E.On employee information
The names, Social Security numbers and birth dates of many E.On U.S. employees and some retirees were on a laptop stolen in Chicago last month. The computer, belonging to the Louisville-based accounting firm of Mountjoy and Bressler, vanished after a car break-in in a parking garage July 20. The accounting firm and E.On U.S. sent letters to the employees about the theft of the computer, which ... (Fri, 03 Aug 2007 06:25:32 GMT)

New Auditing Standard Will Save Public Companies Time and Money, According to Accounting Management Solutions
Following approval last week by the Securities and Exchange Commission of a new auditing standard aimed at increasing the accuracy of financial reports while reducing unnecessary audit costs, public companies should start planning their 2007 audits with provisions of the new standard in mind, according to Accounting Management Solutions, Inc. (Fri, 03 Aug 2007 13:00:00 GMT)

Producer Ladd Beats Hollywoods Accounting System
In the latest blow to Hollywood's notorious accounting system, a Los Angeles jury on Thursday awarded veteran producers Alan Ladd Jr. and Jay Kanter (Fri, 03 Aug 2007 17:45:58 GMT)

UNCG-Nussbaum accounting program called a success
A pilot program that provides accounting services to tenants of the Nussbaum Center for Entrepreneurship business incubator from students at UNC-Greensboro has been a success, according to incubator officials. (Fri, 03 Aug 2007 17:49:17 GMT)

Japan to unify accounting standards by 2011 - paper
TOKYO, Aug 4 (Reuters) - Japan is set to bring its accounting rules in line with standards widely applied internationally by the year 2011, the Nikkei business daily said on Saturday. (Sat, 04 Aug 2007 03:56:33 GMT)

Plan For Better Events Accounting
Journal & Topics Editor More detailed care will be given in the accounting of money spent and received at future special events in Des Plaines. City officials and members of the all volunteer Des Plaines Special Events Commission met this week to discuss plans to implement better procedures. (Sat, 04 Aug 2007 17:30:55 GMT)

Bluffdale's Sanderson ready to go back to his accounting job
Neither of the Bluffdale city job titles Dave Sanderson has tried on in the past four months has felt quite right, he said, and he's not interested in a third. (Sun, 05 Aug 2007 06:14:45 GMT)

S.J. accounting firm announces 4 promotions
Bowman & Co. LLP, one of New Jersey's largest locally based certified public accounting and consulting firms with offices here and in Woodbury, has announced a number of promotions. (Sun, 05 Aug 2007 07:22:15 GMT)

Getting ahead
Small businesses using Apple Macintosh computers have a new management and accounting tool available. Rockaway-based MYOB US said this week that it released Version 3 of its FirstEdge program, an entry-level software program for businesses with simple accounting needs. (Sun, 05 Aug 2007 08:58:26 GMT)

Executive moves
Executives in accounting, advertising, finance, high tech and new media, law and real estate have all found new digs. Check out the new faces in key places. (Sun, 05 Aug 2007 11:05:50 GMT)

Punish errant accounting officers, MP urges Minist
THE Ministry of Finance should punish accounting officers who fail to submit their annual returns on time, the House of Assembly heard yesterday. (Mon, 06 Aug 2007 04:11:19 GMT)

Two recent mergers part of growing accounting industry trend
Two local accounting firms are adding to their ranks through acquisitions. (Mon, 06 Aug 2007 05:22:13 GMT)

Accounting takes off as hot profession
You probably won't be seeing "CSI: Accountants" on television anytime soon. Still, increased federal regulations and the rise of forensic accounting are helping to transform the once stereotypically dullsville accounting world into a hot, hot career. (Mon, 06 Aug 2007 07:22:07 GMT)

Air Tanzania selects Mercator's outsourced revenue accounting solution
Air Tanzania has selected the Revenue Accounting Bureau Service offered by Mercator, the airline IT solutions provider of the Dubai-based Emirates Group. (Mon, 06 Aug 2007 09:06:00 GMT)

MYOB Accounting Plus 16 Review
For several years, MYOB’s Accounting Plus has been the most comprehensive accounting program available for Mac-using small and mid-size businesses. It offers an extensive set of accounting tools, as well as payroll options, time-billing, and credit-card processing features. (Mon, 06 Aug 2007 11:04:34 GMT)

Evercore Partners Appoints Paul Pensa as Principal Accounting Officer and Controller
Evercore Partners Inc. announced today that Paul Pensa will join the firm as Principal Accounting Officer and Controller, effective August 13, 2007. (Mon, 06 Aug 2007 12:45:00 GMT)

CPI gauges general price changes: DGBAS
Taipei, Aug. 6 (CNA) The consumer price index (CPI) reflects the general condition of product prices in Taiwan, an official of the Directorate-General of Budget, Accounting and Statistics (DGBAS) explained Monday amid public doubts of the newly released CPI figures. (Mon, 06 Aug 2007 14:05:55 GMT)

Evercore Replaces Accounting Executive
Evercore Partners Inc., a boutique investment banking firm, said Monday it would replace its principal accounting officer and controller on Aug. 13, following the replacement of its chief financial officer two months ago. (Mon, 06 Aug 2007 16:53:32 GMT)

AES restates 2006 earnings due accounting changes
NEW YORK, Aug 6 (Reuters) - Global power company AES cut its 2006 earnings results on Monday as it restated its financial statements to reflect accounting changes. (Mon, 06 Aug 2007 21:51:15 GMT)

Evercore Partners has hired a new principal accounting officer from a larger bank, as the US advisory boutique seeks to ...
Evercore Partners has hired a new principal accounting officer from a larger bank, as the US advisory boutique seeks to bolster its administrative team ahead of expected profit losses in its second-quarter results later today. (Tue, 07 Aug 2007 04:15:26 GMT)

Mobile Broadband Users to Pass 1 Billion by 2012 with HSPA Accounting for Over 70%
Juniper Research forecasts that HSPA will dominate mobile broadband network deployments over the next five years, consistently accounting for about 70% of the total mobile broadband subscriber base until 2012. (Tue, 07 Aug 2007 07:01:00 GMT)

Accountants Failing Investors With 'Fair Value' Accounting
Mark McQueen submits: If anyone thinks the accounting profession has learned anything following the Enron and Worldcom experiences, they havent spent much time thinking about the topic of Fair Value Accounting. (Tue, 07 Aug 2007 08:01:30 GMT)

Rancher Energy Corp. Names Richard E. Kurtenbach Chief Accounting Officer
Rancher Energy Corp. today announced the appointment of Richard E. Kurtenbach as chief accounting officer. Kurtenbach brings more than 25 years of experience in domestic and international oil & gas operations as well as a Big Four audit background. His experience includes international operations, asset acquisition and divestiture, SEC reporting, budgeting, strategic planning, and financial ... (Tue, 07 Aug 2007 21:59:00 GMT)

Honeymoon over for "Greek Wedding" creative team
Alleging big, fat accounting problems, the creative team behind "My Big Fat Greek Wedding" is suing the independent production company behind the 2002 low-budget comedy phenomenon. (Wed, 08 Aug 2007 02:54:36 GMT)

Accounting Firm Enters Media Consulting
San Ramon, Calif. (Aug. 8, 2007) - Accounting firm Armanino McKenna LLP has formed a division that will act as a media-consulting firm under the leadership of a former newspaper publisher. (Wed, 08 Aug 2007 04:10:15 GMT)

ESI accounting case ends with plea of guilty
With a guilty plea from the former controller of Electro Scientific Industries Inc., federal prosecutors on Tuesday brought to a close their long-running accounting fraud case against former executives of the Portland-based company. (Wed, 08 Aug 2007 07:04:25 GMT)

ACS Awarded Contract to Provide Finance and Accounting Solutions for Georgia-Pacific
Affiliated Computer Services, Inc. announced today that it has been awarded a seven-year contract to provide finance and accounting services for Georgia-Pacific LLC, one of the world's leading manufacturers and marketers of tissue, packaging, paper, pulp, and building products. (Wed, 08 Aug 2007 12:15:00 GMT)

Drake Gold Resources, Inc. Accounting Progress Report
Drake Gold Resources is pleased to announce that the company's new CFO, Thomas Conar, is spearheading the company's accounting process as we move toward full disclosure. While the process is challenging, it is designed to facilitate transparency between Drake Gold Resources, Inc. and the investment community. "The company's intention is to become a fully disclosing company, releasing our audited ... (Wed, 08 Aug 2007 13:15:00 GMT)

Delphi posts loss, flat sales
Delphi Corp. on Wednesday posted narrower losses for the second quarter that included one-time charges for lawsuits over allegations of accounting improprieties that resulted in a multiyear restatement of earnings. (Wed, 08 Aug 2007 14:13:38 GMT)

FAST Misses Q2 Revenues, Changes Accounting Practices
FAST Search & Transfer said that Q2 earnings were off based largely on a change in accounting practices. The company had formerly booked MOUs (memoranda of understanding) as revenue and that practice has been eliminated. We were informed but have been unable to substantiate that the company's accounting practices are now under investigation. Second quarter revenues and related presentations ... (Wed, 08 Aug 2007 15:46:32 GMT)

OMB releases standard accounting approach
The Office of Management and Budget has released the Common Governmentwide Accounting Classification (CGAC) structure that standardizes business processes, interfaces and data. In the fall, OMB and the Financial Systems Integration Office (FSIO) will publish a sequencing blueprint. Agencies then will develop plans to implement it, said Linda Combs, OMB controller. The common accounting ... (Wed, 08 Aug 2007 17:02:38 GMT)

ACCOUNTING STANDARDS, IMPLEMENTATION GUIDANCE, AND EXAMPLE-BASED REASONING
This paper examines interpretation of accounting standards that provide implementation guidance via affirmative or counter examples. (Wed, 08 Aug 2007 19:21:21 GMT)

Banks Eye Finance, Accounting Outsourcing Revenue
Banks eye finance and accounting outsourcing Lagging cash management revenue has prompted many banks to start offering new elements of finance and accounting outsourcing to their corporate customers. revenue. (Wed, 08 Aug 2007 19:34:00 GMT)

Another accounting error swings Symmetricom to Q3 loss
Its second accounting error in as many quarters will result in a $3.4 million restatement at Symmetricom Inc. that will push its third quarter into the red. (Wed, 08 Aug 2007 21:34:20 GMT)

Banks Eye Finance, Accounting Outsourcing Revenue
Lagging cash management revenue has prompted many banks to start offering new elements of finance and accounting outsourcing to their corporate customers. (Thu, 09 Aug 2007 00:34:00 GMT)

JMCP Acquisitions Corp. (Pink Sheet JMCP) is set to Retain the Services of an Accounting Firm to Report Financials
JMCP Acquisitions Corp. CEO, Frank Love announces, "JMCP Acquisitions Corp. will retain the services of an approved accounting firm. (Thu, 09 Aug 2007 01:57:00 GMT)

City accounting firm hired to review county bank accounts
COLUMBUS The Platte County Board of Supervisors agreed Tuesday to hire the Scow, Rief, Kruse & Schumacher accounting firm to perform a review of the county s internal accounting procedures. (Thu, 09 Aug 2007 12:10:00 GMT)

Thomson Tax & Accounting Awarded Patent for its ePropertyTax Software System
Thomson Tax & Accounting, a business segment of The Thomson Corporation , today announced that ePropertyTax, a product line within its Corporate Software & Services business, has been issued a U.S. patent for 43 claims covering its software system for managing multi-jurisdictional property tax information. (Thu, 09 Aug 2007 13:00:00 GMT)

SEC CHARGES CONAGRA FOODS, INC. IN FINANCIAL FRAUD AND ACCOUNTING CASE
The Securities and Exchange Commission has filed civil charges against ConAgra Foods, Inc., alleging that it engaged in improper, and in certain instances fraudulent, accounting practices during its fiscal years 1999 through 2001, including the misuse of corporate reserves to manipulate reported earnings in fiscal year 1999 and a scheme at its former subsidiary, United Agri-Products (UAP), in ... (Thu, 09 Aug 2007 15:51:26 GMT)

GSA Announces Common Government-wide Accounting Classification Structure
The U.S. General Services Administration (GSA) today announced the publication of the Financial Management Line of Business (FMLoB) Common Government-wide Accounting Classification (CGAC) structure. The FMLoB is one of the President's top management priorities to achieve government-wide cost and quality improvements in financial management. The CGAC structure supports the FMLoB vision to improve ... (Thu, 09 Aug 2007 16:33:00 GMT)

WellPoint Appoints Jamie S. Miller Senior Vice President and Chief Accounting Officer
WellPoint, Inc. today announced the appointment of Jamie S. Miller as senior vice president and chief accounting officer. (Thu, 09 Aug 2007 19:19:00 GMT)

Prokom Software Q2 net profit rises to 21.5 mln zlotys before accounting change
WARSAW (Thomson Financial) - Polish computer services company Prokom Software second-quarter net profit beat market expectations by rising to 21.5 mln zlotys before the company recognised an accounting gain related to the merger between its two subsidiaries. (Fri, 10 Aug 2007 05:40:23 GMT)

Prokom Q2 net profit soars on accounting gain, beats expectations UPDATE
(Adds more detail, analyst comment, background) WARSAW (Thomson Financial) - Polish computer services group Prokom Software beat market expectations with an 18-fold jump in second-quarter net profit as the company booked an accounting gain related to the merger of its two subsidiaries at the start of this year. (Fri, 10 Aug 2007 07:25:19 GMT)

U.S. judge dismisses 2 suits over Parmalat collapse
A U.S. judge threw out complaints by two former subsidiaries of Parmalat SpA against several banks and accounting firms over the Italian dairy company's 2003 collapse in Europe's largest bankruptcy, according to a ruling made public on Thursday. (Fri, 10 Aug 2007 10:54:25 GMT)

County might do Isleton accounting
The city of Isleton, coping with budget deficits and a grand jury investigation of alleged fund mismanagement, is working on a plan to contract with Sacramento County for accounting services. (Fri, 10 Aug 2007 13:11:16 GMT)

Software offers accounting, ERP, and CRM capabilities.
PostBooks v2.2 graphical client software is built with open source Qt framework for C++ and application business logic resides in open source PostgreSQL database. Software includes fully-integrated modules for accounting, sales, CRM, purchasing, product definition, and light manufacturing, as well as OpenRPT open source report writer. Software runs on Windows, Linux, or Mac and offers ... (Fri, 10 Aug 2007 13:11:55 GMT)

Custom Professional Accounting has moved
MARION - Custom Professional Accounting has moved to 1714 Marion-Waldo Road (next to Marion Children Services), a news release states. The business provides accounting, tax preparation and payroll services for individual, sole proprietors, corporations, partnerships, trust and estates. (Fri, 10 Aug 2007 15:04:16 GMT)

Xerium Technologies to Restate Certain Previously-Issued Financial Statements for Accounting under SFAS 133
YOUNGSVILLE, N.C.----Xerium Technologies, Inc. , a leading global manufacturer of clothing and roll covers used primarily in the paper production process, today announced that based on the findings of its previously-announced review of the accounting treatment related to interest rate swaps that it entered into in June 2005, it will restate certain of its previously-issued financial statements. (Fri, 10 Aug 2007 18:22:00 GMT)

New Online Governmental Accounting Certificate Program Created to Address Increasing Demand for Financial Workers
A new online Governmental Accounting certificate program was developed collaboratively by the University of Georgia Center for Continuing Education and the Carl Vinson Institute of Government. (Fri, 10 Aug 2007 18:49:00 GMT)

NMT Medical Appoints Deloitte & Touche LLP as New Independent Registered Public Accounting Firm
BOSTON----NMT Medical, Inc. today announced that it has appointed Deloitte & Touche LLP as its independent registered public accounting firm, effective immediately. Deloitte & Touche LLP replaces Ernst & Young LLP, which has served as the Company's firm of record for the past six years. (Fri, 10 Aug 2007 19:30:00 GMT)

WellPoint names chief accounting officer
INDIANAPOLIS -- WellPoint has named Jamie S. Miller as senior vice president and chief accounting officer. Miller will be responsible for all corporate accounting operations, the integrity of the company's financial records, and investor and outside relations. She previously served in a number of roles at PricewaterhouseCoopers. (Sat, 11 Aug 2007 06:47:47 GMT)

UAE: Air Tanzania outsources accounting operations
11 August 2007 DUBAI -- Air Tanzania has outsourced its passenger revenue accounting operations to Mercator Mercator , the airline IT solutions provider of the Emirates Group. (Sat, 11 Aug 2007 07:57:26 GMT)

S.J. accounting firm announces 2 promotions
Bowman & Co. LLP, one of New Jersey's largest locally based certified public accounting and consulting firms with offices here and in Woodbury, has announced these promotions. (Sun, 12 Aug 2007 07:21:45 GMT)

Sevilla Claim Super Cup First Leg
Sevilla beat Real Madrid 1-0 in the opening leg of the Spanish Super Cup on Saturday with Luis Fabiano accounting for the only goal. Fabiano struck with a 27th minute penalty after former Sevilla star Sergio Ramos brought down Renato in the area. (Sun, 12 Aug 2007 12:30:31 GMT)

2 years later, Dell stays mum on accounting probe
A Securities and Exchange Commission probe into Dell's accounting is more than 2 years old and the PC giant won't say when it might be over. (Mon, 13 Aug 2007 02:15:09 GMT)

Accounting firm goes for color, light
"Before I came to Ciuni & Panichi, I had my own preconceptions of what accounting firms looked like," confesses Lauren Clemmer, marketing manager. "But after interviewing here, I was completely wowed by the space." (Mon, 13 Aug 2007 04:08:30 GMT)

Bruno's Supermarkets Outsources Accounting and Financial Applications Support to FMS, Inc.
Bruno's Supermarkets Outsources Accounting and Financial Applications Support to FMS, Inc. (Mon, 13 Aug 2007 07:01:00 GMT)

Linden Lab Chooses Consero Global Solutions For Outsourced Finance and Accounting Responsibilities
Virtual World Leader Embraces Financial and Accounting Outsourcing --Consero Global Solutions announced today that they were chosen by Linden Lab, the creators of 3D online world Second Life, as the preferred outsourcing provider for its finance, accounting, and operational functions. The agreement will help Linden Lab efficiently address and improve critical finance and accounting (F&A) ... (Mon, 13 Aug 2007 07:34:08 GMT)

A law that's uncooked books
Yet another corporate executive fell last week in a US accounting scandal. Gregory Reyes, ex-CEO of Brocade Communications, was found guilty of backdating his stock options. The conviction reveals the renewed intolerance in America for financial fraud ever since the big Enron-type scandals of a few years ago. (Mon, 13 Aug 2007 08:00:00 GMT)

AIG Accounting Adventures (No. 9783)
Greg Newton submits: The biggest black box of them all: ...records all its derivatives at fair, or market, values as per accounting rules. In the models it uses to derive this fair value, the company says it looks to the performance of the underlying assets, expected losses, credit ratings and interest [... ] (Mon, 13 Aug 2007 09:27:56 GMT)

Accounting Software facilitates daily tasks.
Suited for small businesses, DacEasy v15 includes Save Report Parameters feature, which saves time when running commonly used reports. Users can e-mail reports and forms as PDF attachments to co-workers, partners, owners, customers, and vendors. Version 15 allows users to clean up auto-complete data collected in fields that support automatic word completion, speeds access to transactions with ... (Mon, 13 Aug 2007 12:48:41 GMT)

TradeStation Accounting Officer Resigns
Electronic securities exchange TradeStation Group Inc. said Monday in a regulatory filing that Mark Glassman will resign as chief accounting officer and corporate controller, effective Sept. 1. (Mon, 13 Aug 2007 14:22:51 GMT)

Tradestation accounting officer to resign
Tradestation Group said in a regulatory filing that its chief accounting officer and comptroller is to resign Sept. 1. (Mon, 13 Aug 2007 21:07:31 GMT)

Accounting Firm to Pay $170M
Accounting firm BDO Seidman must pay $170 million in compensation and also must provide punitive damages for its negligence in failing to uncover massive fraud in a financial services company backed by a Portuguese bank, a jury ruled Monday. (Mon, 13 Aug 2007 22:55:25 GMT)

Accounting Firm BDO Ordered to Pay $170M
Accounting firm BDO Seidman must pay $170 million in compensation and provide punitive damages for its negligence in failing to reveal massive fraud in a financial services company backed by a Portuguese bank, a jury decided Monday. (Tue, 14 Aug 2007 00:12:58 GMT)

Beazer Finds Accounting Irregularities
Atlanta (Aug. 14, 2007) - Accounting irregularities caused Beazer Homes to delay its third-quarter financial report after the company said in a financial filing that it had encountered accounting irregularities. (Tue, 14 Aug 2007 04:09:59 GMT)

Second Life Developer Outsources Accounting
Austin, Texas (Aug. 14, 2007) - Linden Lab, creator of the online virtual world Second Life, has begun outsourcing its finance and accounting work to Consero Global Solutions. (Tue, 14 Aug 2007 04:10:31 GMT)

Nation's Top Accounting Firms See 15 Percent Growth
Aug. 14, 2007 (SmartPros) For the third year in a row, average net fees for the nation's top 100 accounting firms grew 15 percent in fiscal year 2006-2007, according to the annual report on the nation's largest firms from industry journal Inside Public Accounting (IPA). (Tue, 14 Aug 2007 05:10:07 GMT)

14-08-2007: Public sector urged to adopt accrual accounting in financial reports
KUALA LUMPUR: Public sector accounting in Malaysia must be reformed towards adopting accrual instead of cash accounting in preparing budgets and financial reports, said a local council officer. (Tue, 14 Aug 2007 07:55:27 GMT)

Portuguese bank seeks millions from accounting firm over fraud
MIAMI -- A jury has ruled that accounting firm BDO Seidman must pay $170 million in compensation and also must provide punitive damages for its negligence in failing to uncover massive fraud in a financial services company backed by a Portuguese bank. (Tue, 14 Aug 2007 10:19:46 GMT)

Accounting Problems Plague Beazer Homes
Jack Ciesielski submits: Plummeting home sales and plummeting stock prices are bad enough. Accounting woes just top it all off. On Friday, Beazer Homes filed a notice of late filing for its June quarter 10-Q. (Tue, 14 Aug 2007 11:56:29 GMT)

Accounting firm tries to close court proceedings in Miami
MIAMI -- Accounting firm BDO Seidman asked a judge Tuesday to seal records and close court proceedings in its dispute with a Portuguese bank over the firm's inability to uncover fraud at a financial services company. (Tue, 14 Aug 2007 14:21:17 GMT)

Accounting Firm Wants Closed Court
A judge refused Tuesday to seal transcripts and close court proceedings related to accounting firm BDO Seidman's finances in its dispute with a Portuguese bank over the firm's inability to uncover fraud at a financial services company. (Tue, 14 Aug 2007 15:32:03 GMT)

Accounting Firm Fights Punitive Damages in Miami Court Fight
MIAMI (AP) -- Accounting firm BDO Seidman would be significantly hurt by a punitive damages award in its court fight with a Portuguese bank over the firm's failure to find fraud at a financial services company, a BDO Seidman audit partner said Tuesday. (Tue, 14 Aug 2007 18:55:10 GMT)

Accounting Firms Team Up in Merger
Hollister - Two local accounting firms recently merged to create the new company Bianchi, Kaplan and Pope - a firm with 20 certified public accountants. (Tue, 14 Aug 2007 19:06:32 GMT)

Accounting Firm Must Pay Millions
A jury Tuesday ordered BDO Seidman, the nation's No. 5 accounting firm, to pay more than $351 million in punitive damages in a negligence case, bringing BDO's potential liability in the case to roughly $521 million, an amount the CEO said threatens its operations. (Wed, 15 Aug 2007 00:51:24 GMT)

Accounting Firm BDO Seidman to Pay $170M
Aug. 15, 2007 (Associated Press) MIAMI - Accounting firm BDO Seidman must pay $170 million in compensation and provide punitive damages for its negligence in failing to reveal massive fraud in a financial services company backed by a Portuguese bank, a jury decided Monday. (Wed, 15 Aug 2007 04:55:43 GMT)

Accounting Firm Must Pay $521 Million in Fraud Case
MIAMI, Aug. 14 -- A jury on Tuesday ordered accounting firm BDO Seidman to pay more than $351 million in punitive damages in a negligence case, bringing BDO's potential liability in the case to about $521 million. (Wed, 15 Aug 2007 06:05:03 GMT)

Misconceptions Stand in the Way of Effective Hiring, According to Accounting Management Solutions
While hiring remains a daunting task for most organizations, they have no choice but to get it right if they want to thrive, but standing in the way for many are a number of myths about the hiring process, says Accounting Management Solutions, Inc., New England's leading provider of outsourced accounting, financial management, and recruiting services. (Wed, 15 Aug 2007 13:00:00 GMT)

Insight Accounting Chief Sells Stock
The chief accounting officer of Insight Enterprises Inc., which distributes computer hardware and software, exercised options for and sold 23,105 shares of common stock, according to a Securities and Exchange Commission filing Tuesday. (Wed, 15 Aug 2007 14:49:03 GMT)

(AFX UK Focus) 2007-08-16 01:22 GMT: Malaysian regulator to pick accounting firms for IPOs, restructuring - report
KUALA LUMPUR (Thomson Financial) - Malaysia's Securities Commission (SC) plans to introduce new rules under which all proposals for corporate restructuring and initial public offerings will have to be done by accounting firms approved by the capital market regulator, the New Straits Times reported Thursday. (Thu, 16 Aug 2007 00:50:18 GMT)

Accounting Students Start Used Books Site
York, Pa. (Aug. 16, 2007) - Two accounting students have launched a used books site to combat the rising prices of textbooks. The site, halfcollegebooks.com , was founded by Justin Tomevi and Ryan Ward, a pair of accounting and finance majors at Eastern State University near Philadelphia. (Thu, 16 Aug 2007 04:09:56 GMT)

Accounting firm hired over clerk opposition
The Moretown Select Board hired an accounting firm to help get town books up to date despite objections from the town clerk. (Thu, 16 Aug 2007 04:30:27 GMT)

Accounting firm Nexia to buy SC International
Accounting firm Nexia International is acquiring smaller rival SC International to create a global top 10 provider of audit and advisory services with a combined $2.2 billion (1.2 billion pounds) of fees. (Thu, 16 Aug 2007 09:23:00 GMT)

Accounting firm Nexia takes over SC International
LONDON, Aug 16 (Reuters) - Accounting firm Nexia International is taking over smaller rival SC International to create a global top 10 provider of audit and advisory services with a combined $2.2 billion of fees. (Thu, 16 Aug 2007 12:00:24 GMT)

85% of SMEs support simplification of accounting standards
SINGAPORE : Eighty-five percent of small and medium enterprises (SMEs) in Singapore are in favour of a simplified accounting standard for SMEs, according to a survey spanning Australia, Hong Kong, Malaysia and Singapore. (Thu, 16 Aug 2007 12:52:24 GMT)

ACCOUNTING PROPOSALS FOR NOT-FOR-PROFIT ORGANIZATIONS
The Canadian Accounting Standards Board (AcSB) has approved an Exposure Draft of proposed amendments to the 4400 series of Handbook Sections for exposure, subject to final drafting and a written ballot. (Thu, 16 Aug 2007 13:06:20 GMT)

Accounting Software aids smaller manufacturers/distributors.
Peachtree by Sage Premium Accounting for Manufacturing/Distribution 2008 deliver accurate, real-time data pertaining to inventory levels as well as access to that data in order to manage cash flow, success, and growth. In addition to all necessary business management tools, software offers document management, forms design, reporting, and invoicing capabilities. It also lets businesses select ... (Thu, 16 Aug 2007 13:28:40 GMT)

IBM, accounting firm settle lawsuit
International Business Machines Corp. and PricewaterhouseCoopers LLP have agreed to pay nearly $5.3 million combined to settle allegations that they made improper payments on government technology contracts, the Justice Department said Thursday. IBM agreed to pay nearly $3 million, while accounting firm PricewaterhouseCoopers will pay $2.3 million. The agency said both companies solicited, paid ... (Thu, 16 Aug 2007 20:13:00 GMT)

Dell probe finds improper accounting
Dell on Thursday said an internal investigation had found that unnamed “senior executives” used improper accounting tricks to meet internal performance targets at the struggling computer maker. (Thu, 16 Aug 2007 22:19:35 GMT)

Dell To Restate Earnings, Reveals Accounting Troubles
The restatements stemmed from a yearlong investigation by Dell's audit committee, which found evidence of accounting adjustments that appeared to have been made to hit financial targets. (Thu, 16 Aug 2007 22:37:00 GMT)

Hollister Accounting Firms Team Up
Hollister - Two local accounting firms recently merged to create the new company Bianchi, Kasavan and Pope - a firm with 20 certified public accountants. (Thu, 16 Aug 2007 22:50:34 GMT)

Local accounting firm merges
The accounting firms of Bianchi, Lorincz, Huey, Hudson & Co., and Kasavan & Pope, LLP, have merged their firms to form the new firm of Bianchi, Kasavan & Pope, LLP. (Thu, 16 Aug 2007 23:09:42 GMT)

Dell Accounting Scandal 'Not A Happy Story' - CFO
Dell's CFO says some executives were fired as a result of accounting improprieties, but declines to say who or whether some executives involved remain. (Fri, 17 Aug 2007 00:42:44 GMT)

Dell to restate earnings, reveals accounting troubles
Dell on Thursday said it would restate several years of financial results due to improper accounting that was apparently used by previous management at the close of quarters to hit financial targets. (Fri, 17 Aug 2007 01:25:45 GMT)

Dell to restate earnings after investigation into accounting problems
Dell Inc. said it would restate its earnings from 2003 through the first quarter of 2007, which will result in small decreases in its net revenues, profits and earnings per share for those periods. (Fri, 17 Aug 2007 14:13:18 GMT)

ACRA launches consultation exercise to boost accounting profession
SINGAPORE : The accounting industry is looking at ways to create different pathways to entering the profession. (Fri, 17 Aug 2007 15:52:24 GMT)

Local bodies dept to follow new accounting system
In an effort to bring accountability and transparency in the functioning of local bodies, the Punjab government, for the first time, is going to introduce the double entry system of accounting. Local Bodies Minister Manoranjan Kalia, while telling The Indian Express about this decision, said it will help in proper monitoring of funds. Reiterating the government stand to check corruption at all ... (Fri, 17 Aug 2007 21:20:21 GMT)

Ex-Finance Chief Accused of Options Fraud
Federal regulators accused the former C.F.O. of Brocade Communications of misconducted in accounting for backdated stock options. (Sat, 18 Aug 2007 03:13:22 GMT)

Accounting probe hints at Dell's struggles with approach
Dell's internal investigation into its accounting problems is over, leaving up to a $150 million hit on earnings in its wake. Now, it may be the feds' turn. (Sat, 18 Aug 2007 05:48:15 GMT)

Top of the iceberg in corporate mismanagement - corrupt Dell top executives sought accounting adjustments to reach ...
This is what went on in corporate America in the name of guidance and quaterly performance improvement. Dell is just the start of the scandal. Almost all companies will start restating earnings. (Sat, 18 Aug 2007 10:11:56 GMT)

Police ask for federal help; Exploding bullet injures boy
Austin Police Chief Art Acevedo has asked an FBI investigator who specializes in accounting to help the department in its inquiry into how the department has spent seized funds during the past five years. (Sun, 19 Aug 2007 04:35:57 GMT)

Israel's Gazit Globe Q2 net profit rises
JERUSALEM, Aug 19 (Reuters) - Israeli real estate investment firm Gazit-Globe Ltd. said on Sunday its second-quarter net profit jumped 191 percent boosted by an accounting change that increased the value of its properties. (Sun, 19 Aug 2007 08:27:54 GMT)

Finance, Accounting and Consultancy
CFOs today find themselves scrambling in more directions than a good bartender on New Year’s Eve. And no wonder. Pressures for accountability and performance have never been higher. (Sun, 19 Aug 2007 13:37:55 GMT)

Bankrupt beverage firm's CEO a highflyer who disliked dissent
It's a bankruptcy case that sounds like a corporate crime thriller, with allegations of document shredding, the seizure of tens of millions of dollars in jewelry and accounting fraud on a huge scale. (Sun, 19 Aug 2007 14:07:08 GMT)

Finance, Accounting and Consultancy
The latest chapter in the unfolding drama related to the collapse of two Bear Stearns hedge funds has taken the form of provisional liquidation proceedings in the Cayman Islands, followed by Chapter 15 ancillary filings in New York by the Bear Stearns High-Grade Structured Credit Strategies Master Fund, Ltd. and the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master ... (Sun, 19 Aug 2007 14:22:08 GMT)

Dell Founder In Spotlight After Accounting Audit
Dell said Thursday it would restate four years of financial results, reducing net income for the period by $50 million to $150 million. (Sun, 19 Aug 2007 23:45:52 GMT)

Dell Restates After Accounting Investigation
Round Rock, Texas (Aug. 20, 2007) - Computer maker Dell said its audit committee has finished its investigation into the company's accounting and financial reporting issues and has identified significant errors and irregularities. (Mon, 20 Aug 2007 04:09:49 GMT)

Dell founder drawn into accounting scandal
AccountancyAge.com, Accountancy Age , Monday 20 August 2007 at 00:00:00 Executives adjusted accounts to meet financial goals Michael Dell, the founder of computing group Dell, has been drawn into the accounting debacle at the company, after it announced last week that it would have to restate four... > Read the full article (Mon, 20 Aug 2007 07:12:13 GMT)

Dell founder drawn into accounting scandal
Michael Dell , the founder of computing group Dell , has been drawn into the accounting debacle at the company, after it announced last week that it would have to restate four years of financial results. (Mon, 20 Aug 2007 07:38:05 GMT)

Wall Street Downplays Dells Wayward Bookkeeping
Larry Dignan submits: The more I read the reaction to Dells financial audit the more annoyed I get. Dell on Thursday concluded its audit, restated four years of results and uncovered a few accounting shenanigans to make its quarterly targets. (Mon, 20 Aug 2007 09:07:40 GMT)

Buoyant accounting market boosts Michael Page
Recruitment in accounting and finance in the UK is still healthy if the latest figures released by headhunter Michael Page are anything to go by. (Mon, 20 Aug 2007 10:52:35 GMT)

Dell hit by $150m accounting scandal
Dell has been forced to restate between $50 million and $150 million in net income over 2002 through the first quarter of this year. The lower revenues amount to a less than one per cent reduction of the period's aggregate net income of $12 billion. (Mon, 20 Aug 2007 12:45:06 GMT)

Pall Enters Credit Agreement Waiver
Filtration-system maker Pall Corp. said on Monday the company and its lenders have entered into an amendment and waiver under the terms of its $500 million revolving credit facility as a result of its accounting investigation. (Mon, 20 Aug 2007 13:30:06 GMT)

Dell Founder In Spotlight After Accounting Audit
Dell Inc's disclosure that executives routinely adjusted accounts to meet financial goals raises questions about the role of founder Michael Dell. (Mon, 20 Aug 2007 20:37:42 GMT)

Finance, Accounting and Consultancy
Make sure you’re in the know about employee rights and your responsibilities. The new Employment Equality (Age) Regulations 2006 came into force on 1 October 2006 and prohibit discrimination, harassment and victimisation on the grounds of age. (Tue, 21 Aug 2007 10:22:16 GMT)

Finance, Accounting and Consultancy
Advances in technology have seen an explosion of flexible benefits schemes, which are an increasingly popular option for suitably sized companies. (Tue, 21 Aug 2007 10:22:26 GMT)

Finance, Accounting and Consultancy
In this issue of Forward Thinking , we look at the shifting rules of engagement between employer and employee. We examine innovative approaches to benefits, and some of the pitfalls in attracting, retaining, rewarding and managing people effectively. (Tue, 21 Aug 2007 10:22:37 GMT)

U.S. foreclosures rise sharply in July
Foreclosure filings rose 9 percent from June to July and surged 93 percent over the same period last year, with Nevada, Georgia and Michigan accounting for the highest foreclosure rates nationwide, a research firm said Tuesday. (Tue, 21 Aug 2007 12:19:38 GMT)

New Chapters Enhance EI's Latest Edition of ‘Accounting for Hospitality Managers’
Lansing, Mich., The American Hotel & Lodging Educational Institute (EI) has published a new edition of Accounting for Hospitality Managers, written by Raymond Cote. This managerial accounting textbook will help readers understand and apply hospitality departmental accounting at the supervisory and managerial levels. (Tue, 21 Aug 2007 14:31:38 GMT)

Aronson & Company Named a Top 50 Accounting Firm
Aronson & Company , one of the country's premier public accounting and consulting firms, has once again landed in the top 50 ranking of the country's largest accounting firms. (Tue, 21 Aug 2007 15:00:00 GMT)

Tanzania: Flag Carrier Purchases Revenue Accounting System From Dubai Firm
Tanzania's flag carrier, Air Tanzania Corporation (ATC), has awarded a contract to Mercator, the Dubai-based airline IT solutions provider, to run its passenger revenue accounting operations. (Tue, 21 Aug 2007 16:09:10 GMT)

eSpeed Completes Evaluation of Accounting Policy
eSpeed, ( Nachrichten ) Inc. (NASDAQ: ESPD), a leading developer of electronic marketplaces and related trading technology for the global capital markets, today announced that it has resolved the previously announced evaluation of its accounting policy. (Tue, 21 Aug 2007 21:26:42 GMT)

Refco Litigation Trusts File Lawsuit Against Legal, Accounting and Financial Advisers for Role in the Refco Fraud
NEW YORK, Aug. 21, 2007 -- The Refco Litigation Trusts announced today that they have filed a lawsuit in Chicago charging that Refco Inc.'s legal, accounting and financial advisers knowingly assisted corrupt Refco insiders in looting Refco's assets. (Tue, 21 Aug 2007 21:26:58 GMT)

BNA Debuts Tax and Accounting Center
Washington, D.C. (Aug. 22, 2007) - Tax information publisher BNA introduced the BNA Tax and Accounting Center, an online service that unites all of the company’s tax and accounting information in one place. (Wed, 22 Aug 2007 04:10:15 GMT)