Accounting News 09/2007 (Page 2)

Rambus settles backdating suit for $18M (InfoWorld via Yahoo! News)

Rambus will pay $18 million to settle a class-action lawsuit over stock-option accounting. (Sep 7, 2007)

Optimism for business opportunity in accounting (China Daily)

The booming financial market in China has created tremendous new opportunities for accounting firms. (Sep 8, 2007)

PROFESSOR (OR READER) IN ACCOUNTING (Accounting Education)

Do you want to join a truly global business school? The OU Business School has more than 30,000 students internationally and a vibrant academic research community. (Sep 8, 2007)

Bill Gerber of OSI Recognized as One of the Nation's Leading Outsourced Accounting Services Provider (PRWeb via Yahoo! News)

Bill Gerber of OSI Recognized as One of the Nation's Leading Outsourced Accounting Services Provider (PRWeb)

Bill Gerber, Managing Director of OSI Business Services, an outsourced bookkeeping services firm, has been named by The CPA Technology Insider as one of the accounting industries up and coming leaders. (PRWeb Sep 9, 2007) Post Comment:Trackback URL: (link) U2luZy1Db3VwLUZhbHUtSW5zZS1UaGlyLVplcm8= (Sep 9, 2007)

Finance, Accounting and Consultancy (Mondaq)

Several Provisions of the Supreme People’s Court on the Trial of Compensation Cases for Tort Involved in the Audit Business of Accounting Firms. (Sep 9, 2007)

Six years after Sept. 11, New York's financial district bustles with workers and residents (International Herald Tribune)

Even accounting for the exodus of residents immediately after 9/11, the population of Lower Manhattan has increased by more than 10,000 in the past six years, according to census data. And office space, now in short supply, is renting for more than it did before the attack. (Sep 9, 2007)

Finding financial fuel (Agriculture Online)

Ron Swanson of Galt, Iowa, could be called a financial Noah. He's building an ark on his 740-acre farm that might save his business in the next financial washout. You won't see it on his well-mowed farmstead. This ark is the accounting system in his computer. (Sep 9, 2007)

CUC uses manual computation in getting actual fuel expenses (Saipan Tribune)

The Commonwealth Utilities Corp. is manually computing some data in computing its actual fuel expenditures. CUC spokesperson Pamela Mathis told Saipan Tribune that up-to-date data for “actual fuel expenditures” is reconciled by accounting personnel for the third preceding month. (Sep 9, 2007)

Accounting problems prompt overhaul at Piedmont (BizJournals)

State regulators objected to longstanding accounting problems at Piedmont Natural Gas Co. Inc. last summer, forcing the utility to replace a manager and expand its gas-cost accounting department over the past year. (Sep 10, 2007)

Accounting rules could raise audit costs 20 percent (BizJournals)

New auditing rules that begin rolling out at the end of this year could raise the cost of annual audits 10 percent to 20 percent but will likely improve the quality of financial reporting at public and private companies alike, accountants say. (Sep 10, 2007)

Accounting firms go head to head for scarce talent (BizJournals)

Karin Gilmartin is heading to Boston College next week to attract new talent. (Sep 10, 2007)

D.C. accounting firm makes deal for PCA Group (BizJournals)

Washington, D.C., accounting firm UHY Advisors DC Inc. has bought PCA Group of Columbia, and it plans to move 60 of its D.C. workers to a new office in Northern Virginia. (Sep 10, 2007)

D.C. accounting firm buys Md. shop, opens in Va. (BizJournals)

Accounting business UHY Advisors D.C. Inc. has bought a Maryland company and plans to move 60 of its D.C. workers to a new office in Northern Virginia. (Sep 10, 2007)

IMA hosts event to attract students to private accounting (North Bay Business Journal)

NORTH BAY – A group of North Bay private accountants is seeking to attract more students to the field, which it says is overshadowed by the world of public accounting. (Sep 10, 2007)

Catalyst suing IMAX over accounting issues (The Globe and Mail)

Giant-screen movie company Imax Corp. is being sued over its accounting by one of its bondholders, private equity fund manager Catalyst Capital Group Inc. (Sep 10, 2007)

Catalyst suing IMAX over accounting issues (The Globe and Mail)

Move marks an escalation in the private equity fund's battle with the movie company (Sep 10, 2007)

Catalyst Seeks Court Review of Imax Probes, Accounting Issues (Bloomberg.com)

Sept. 10 (Bloomberg) -- Catalyst Capital Group Inc., owner of about $67 million of Imax Corp. debt, sued the maker of giant film screens and is seeking a court-appointed inspector to review Imax's accounting and speed up resolution of regulatory probes. (Sep 10, 2007)

CSC accounting errors go back 10 years (bizjournals.com via Yahoo! Finance)

Computer Sciences Corp. has found accounting errors related to its accounting for income taxes and the effect of foreign currency exchange rate movements on certain intracompany accounts for fiscal years 1997 through 2007, the company said Monday. (Sep 10, 2007)

Cognex Corporation Appoints New Independent Registered Public Accounting Firm (Business Wire via Yahoo! Finance)

NATICK, Mass.----Cognex Corporation today announced that the Audit Committee of the company's Board of Directors has appointed Grant Thornton LLP as the company's independent registered public accounting firm, effective September 7, 2007. (Sep 10, 2007)

Computer Sciences Corp. reveals costly accounting errors (bizjournals.com via Yahoo! Finance)

Computer Sciences Corp. said Monday it found accounting errors for fiscal years 1997 to 2007 and may have to take a $200 million charge. (Sep 10, 2007)

CSC Announces Potential Past Accounting Charges (ComputerWire)

Computer Sciences has revealed that accounting errors dating us far back as 1997 could be costly for the services company, which is currently reviewing its books and plans to refile its fiscal 2007 annual report to include the impact of the errors. (Sep 11, 2007)

CSC announces potential past accounting charges (Computer Business Review)

The accounting in question pertains to income taxes and foreign exchange rates on what CSC called "certain intracompany accounts." (Sep 11, 2007)

CSC accounting errors go back 10 years (bizjournals.com via Yahoo! Finance)

Computer Sciences Corp. reveals costly accounting errors (Baltimore Business Journal)

Computer Sciences Corp. said it found accounting errors for fiscal years 1997 to 2007 and may have to take a $200 million charge. (CSC) (Sep 11, 2007)

Survey says: No hiring changes for finance, accounting (BizJournals)

A majority of Memphis CFOs responding to a recent survey expect no hiring changes in the finance and accounting fields in the next quarter. (RHI) (Sep 11, 2007)

Most CFOs expect no hiring changes for finance, accounting (The Portland Business Journal)

A majority of Portland chief financial officers responding to a recent survey expect no hiring changes in the finance and accounting fields in the next quarter. (RHI) (Sep 11, 2007)

DreamWorks Animation Names Phil Cross Chief Accounting Officer (PR Newswire via Yahoo! Finance)

DreamWorks Animation SKG today announced that Philip Cross has been named Chief Accounting Officer. (Sep 11, 2007)

Forensic accounting firm opening Honolulu office (Honolulu Advertiser)

Kessler International, a New York firm specializing in forensic accounting, corporate fraud and Internet crime detection and prevention, said it is opening an office in Honolulu to serve the needs of the Pacific Rim. (Sep 11, 2007)

Australian Central Bank Reveals Accounting Loss For Fiscal 2006/07 (Nasdaq)

(RTTNews) - The Australian central bank incurred an accounting loss of A$1.393 billion for the year ended June 2007, the bank's latest Annual Report, released Tuesday, indicated. This is the central bank's first loss in 13 years. (Sep 12, 2007)

TKS Solutions upgrades shareholder and accounting software (Finextra)

TKS Solutions, provider of partnership and shareholder accounting solutions for the financial industry, today announced expanded features for its ... (Sep 12, 2007)

UGI's Top Accounting Officer to Retire (AP via Yahoo! Finance)

Propane gas supplier UGI Corp. said Wednesday a top accounting executive will retire next spring after more than 30 years with the company. (Sep 12, 2007)

Tax, principles in accounting confuse payers (Sun Star)

OFFICIALS of a local accounting and tax advisory firm are encouraging taxpayers to keep separate books of accounts for financial reporting and income tax reporting. (Sep 12, 2007)

SEC charges four ex-Nortel execs with accounting fraud (The Globe and Mail)

The U.S. Securities and Exchange Commission said on Wednesday it has filed civil charges against four more former financial executives at Nortel Networks Corp. for allegedly participating in an accounting fraud in 2002 and 2003. (Sep 12, 2007)

Four more ex-Nortel officers charged with accounting fraud (Ottawa Business Journal)

U.S. authorities have charged four more former officers of Nortel Networks with fraud as the investigation continues into the circumstances that led to the company's 2003 accounting scandal. (Sep 12, 2007)

S.E.C. Sues 4 Former Nortel Officers in Accounting Case (New York Times)

The S.E.C. said that four former finance officers at Nortel Networks helped the former C.E.O. manipulate reserves to enhance earnings. (Sep 13, 2007)

Autodesk Chief Accounting Officer Andrew Miller to Present at ThinkEquity Partners' Growth Conference (FinanzNachrichten)

SAN RAFAEL, Calif., Sept. 13 /PRNewswire-FirstCall/ -- WHAT: Autodesk, ( Nachrichten ) Inc. today announced that Andrew Miller, Chief Accounting Officer, Vice President Finance and Corporate Controller will present at the upcoming ThinkEquity Partners' Growth Conference in San Francisco WHEN: Tuesday, Sept. 18 at 10:30 a.m. Pacific Time DETAILS: A live webcast and audio archive will be available ... (Sep 13, 2007)

SEC charges 4 more former Nortel execs (AP via Yahoo! News)

The U.S. Securities and Exchange Commission has charged four more former Nortel Networks Corp. executives with accounting fraud, alleging they manipulated reserves to change Nortel's earnings statements on the orders of more senior officers of the Canadian networking equipment maker. (Sep 13, 2007)

Accenture Provides Microsoft with Finance & Accounting and Procurement Services Under Seven-Year BPO Agreement (FinanzNachrichten)

Accenture ( Nachrichten ) (NYSE: ACN) is providing Microsoft Corp. ( Nachrichten / Aktienkurs ) with a range of finance and accounting (F&A) and procurement services under a seven-year, $185 million business process outsourcing (BPO) agreement. (Sep 13, 2007)

Ricoh Launches Transaction Link Application for Sage MAS 90(TM) and MAS 200(TM) Accounting Services (PR Newswire via Yahoo! Finance)

Ricoh Americas Corporation, the leading provider of digital office equipment, today introduced Ricoh® Transaction Link, a document storage solution for accounting services. Targeted for small- to medium-sized businesses, Transaction Link enables users to streamline financial document processing while increasing productivity and compliance with regulatory requirements. (Sep 13, 2007)

CSC uncovers accounting errors going back 10 years (BizJournals)

SEPTEMBER DECISION SUMMARY – CANADIAN ACCOUNTING STANDARDS BOARD (Accounting Education)

The AcSB received reports on recent meetings of the International Accounting Standards Board (IASB) and US Financial Accounting Standards Board (FASB) (see www.iasb.org.uk and www.fasb.org, respectively). (Sep 14, 2007)

IFAC'S PUBLIC SECTOR ACCOUNTING STANDARDS BOARD PROPOSES UPDATES TO IMPROVE THE CLARITY OF FOREIGN EXCHANGE RATES ... (Accounting Education)

The International Public Sector Accounting Standards Board (IPSASB), an independent standard-setting board within the International Federation of Accountants (IFAC), is seeking comments on an exposure draft (ED) developed as part of its project to enhance the clarity and usability of its International Public Sector Accounting Standard (IPSAS) that addresses accounting for fluctuations in ... (Sep 14, 2007)

Carrizozo accounting practices probed by DA, audit (Ruidoso News)

In a repeated effort to assure Carrizozo residents that all that could be done was being done, Mayor LeeRoy Zamora told them that a District Attorney investigation into accounting practices at Town Hall was under way. (Sep 14, 2007)

Accounting Firms Among Best Places to Launch a Career (SmartPros Accounting)

Sept. 14, 2007 (SmartPros) Accounting firms dominate BusinessWeek's second annual ranking of the "Best Places to Launch a Career." (Sep 14, 2007)

South Africa: Insurance Accounting Genie Loose (AllAfrica.com)

THE black box governing accounting for insurance contracts globally is in the process of being opened. (Sep 14, 2007)

Panel spurns state accounting plan (Lawrence Journal-World)

An education advisory panel on Thursday rejected a proposal to require Kansas school districts to implement a standardized accounting system on how they spend money. Instead, the 2010 Commission unanimously agreed to recommend that the State Board of Education increase training of clerks who input budget data and update budget reporting practices as they see fit. (Sep 14, 2007)

Rural/Metro Finds Accounting Errors (AP via Yahoo! Finance)

Rural/Metro Corp., an ambulance and fire-protection services provider, said Friday it missed the filing deadline for its fiscal 2007 annual report to review and correct accounting misstatements. (Sep 14, 2007)

Dollar Financial Delays 2007 Filing While It Looks Into Accounting of Derivatives (Canadian Business)

BERWYN, Pa. (AP) - Dollar Financial Corp. said Friday it is delaying filing its 2007 financial results while it looks into the accounting of derivative transactions. (Sep 14, 2007)

Panel rejects standard accounting system for school districts (KFDA-TV Amarillo)

Associated Press - September 14, 2007 11:54 AM ET TOPEKA, Kan. (AP) - An education advisory panel rejects a plan to require Kansas school districts to use a standardized accounting... (Sep 14, 2007)

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