Home Security News Nov 2007
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Is gov's office telling firm to defy subpoena?
Four months after receiving a subpoena for the results, an accounting firm hired by the Blagojevich administration refuses to turn over its audit of a company with ties to Gov. Blagojevich -- and court documents reveal the administration is controlling the firm's legal strategy. (Thu, 01 Nov 2007 09:05:41 GMT)
Idearc 3Q Earnings Down
Idearc Inc., publisher of Verizon Yellow Pages, said Thursday its third-quarter profit slipped 52 percent on an accounting change and lower print sales. (Thu, 01 Nov 2007 12:25:17 GMT)
Accounting changes put Flanders in the red
Flanders Corp. had a net loss of $16.2 million, or 60 cents a share, for the third quarter ended Sept. 30, compared to net income of $6.2 million, or 23 cents a share, for the year-ago period. (FLDR) (Thu, 01 Nov 2007 13:10:42 GMT)
Accounting for accountability
Try to find a company these days that doesn't say it's doing good for the world. After all, with trillions of dollars flowing into socially responsible investment funds and government regulators looming, what CEO doesn't have a ready list of charities or causes that the company supports to brandish in its favor? (Thu, 01 Nov 2007 14:16:00 GMT)
Accounting rules challenge firms
Thai companies will face increasing challenges to comply with more complex accounting and reporting standards, according to PricewaterhouseCoopers. (Thu, 01 Nov 2007 19:03:56 GMT)
Democrats want inquiry on 9.5 pct student loans
Six Senate Democrats called on Thursday for a complete accounting by the Bush administration of overpayments by the U.S. Education Department to college student loan firms under a loan program that guaranteed the firms a 9.5 percent interest rate. (Thu, 01 Nov 2007 20:22:39 GMT)
EA swings to loss on accounting change; outlook tops estimates
SAN FRANCISCO (MarketWatch) -- Electronic Arts Inc. swung to a loss in its second fiscal quarter due in part to a change in accounting methods, though the results for the period still managed to top Wall Street's estimates. (Thu, 01 Nov 2007 21:17:56 GMT)
Phila. accounting firm acquired
Philadelphia accounting firm Yampolsky Mandeloff Silver Ryan was acquired Thursday by New York's Citrin Cooperman & Co. (Thu, 01 Nov 2007 22:01:53 GMT)
Accounting change muddles EA Q2 earnings
Exclusion of $296 million causes megapublisher to report 18 percent decline in revenue despite record-breaking sales; 350 layoffs announced, UK studio closing. (Thu, 01 Nov 2007 22:39:05 GMT)
Accounting jobs 'hot' in Glasgow
AccountancyAge.com, Accountancy Age , Friday 2 November 2007 at 00:00:00 Figures show close to 3000 new permanent jobs were created in the Glasgow's finance sector, most of them accounting jobs Figures from Joslin Rowe show that 2,930 new permanent positions - up from 2,050 last year - were created in the finance sector in Scotland over the third quarter of... > Read the full ... (Fri, 02 Nov 2007 00:11:01 GMT)
Accounting jobs 'hot' in Glasgow
AccountancyAge.com, Accountancy Age , Friday 2 November 2007 at 00:00:00 Figures show close to 3000 new permanent jobs were created in the Glasgow'sfinance sector, most of them accounting jobs Figures from Joslin Rowe show that 2,930 new permanent positions - up from 2,050 last year - were created in the finance sector in Scotland over the third quarter of... (Fri, 02 Nov 2007 00:15:29 GMT)
Accounting jobs 'hot' in Glasgow
AccountancyAge.com, Accountancy Age , Friday 2 November 2007 at 00:00:00 Figures show close to 3000 new permanent jobs were created in the Glasgow'sfinance sector, most of them accounting jobs Figures from Joslin Rowe show that 2,930 new permanent positions - up from 2,050 last year - were created in the finance sector in Scotland over the third quarter of... (Fri, 02 Nov 2007 00:15:29 GMT)
Electronic Arts posts 2Q net loss
Video-game software publisher Electronic Arts Inc. swung to a fiscal second-quarter net loss, hurt by an accounting change, but shares climbed 5 percent after the company outlined a promising product lineup and said it expected to see a "great" holiday season. (Fri, 02 Nov 2007 10:35:52 GMT)
Games company shares unaffected by accounting changes
Accounting changes caused Electronic Arts, the gaming company responsible for The Sims, to show a net loss during its second quarter results posted yesterday. (Fri, 02 Nov 2007 11:58:42 GMT)
Merrill Shares Decline After Report on Subprime Accounting
Nov. 2 (Bloomberg) -- Merrill Lynch & Co. fell the most in more than five years, leading financial stocks lower for a second day, after the Wall Street Journal said regulators may be investigating whether the firm violated accounting rules to delay reporting of subprime losses. (Fri, 02 Nov 2007 14:42:40 GMT)
Electronic Arts Pins Q2 Loss on Accounting Change
Video-game software publisher Electronic Arts swung to a fiscal second-quarter net loss, hurt by an accounting change, but shares climbed 3 percent after the company outlined a promising product lineup and said it expected to see a "great" holiday season. Shares of EA, the world's largest independent video game publisher, rose about $1.80, or 3 percent, to trade at $60.54 early Friday, a day ... (Fri, 02 Nov 2007 18:59:37 GMT)
ALL BUSINESS: Auditors Get Tough
NEW YORK -- Corporate auditing firms are showing signs that they learned their lesson from the bad old days of Enron and WorldCom. And if they are holding companies' feet to the flames on questionable accounting moves, that's nothing but good news for investors. (Fri, 02 Nov 2007 19:54:24 GMT)
Electronic Arts posts 2Q net loss
Video-game software publisher Electronic Arts Inc. swung to a fiscal second-quarter net loss, hurt by an accounting change, but shares climbed almost 3 percent after the company outlined a promising product lineup and said it expected to see a "great" holiday season. (Fri, 02 Nov 2007 23:36:04 GMT)
Senators want more student loan accounting
Six Senate Democrats, including two presidential candidates, called for a complet accounting by the Bush administration of overpayments by the U.S. Education Department to college student loan firms, including Nelnet of Lincoln, under a loan program that guaranteed the firms a 9.5 percent interest rate. (Sat, 03 Nov 2007 05:24:25 GMT)
Citigroup CEO to resign Sunday; SEC reviews accounting: report
SAN FRANCISCO (MarketWatch) -- Citigroup Inc. Chief Executive Charles Prince is planning to resign at a board meeting Sunday, as the largest U.S. bank by assets struggles under the weight of subprime mortgage-related losses, the Wall Street Journal reported Saturday. (Sat, 03 Nov 2007 18:33:42 GMT)
USI accounting teamtakes home first place
A four-member team of accounting students from the University of Southern Indiana College of Business has won first place for the fourth consecutive year in the annual Indiana CPA Society (INCPAS) Case Study Competition. (Sun, 04 Nov 2007 03:57:35 GMT)
Resumania
Keep resume, letter short and to the point The best resumes and cover letters are comprehensive yet concise. While your documents should be thorough enough to communicate your unique qualifications, busy hiring managers will bypass them if they're too wordy. For example, the following entry-level accounting candidate sent a cover letter that read more like a personal essay: (Sun, 04 Nov 2007 09:42:37 GMT)
Citigroup CEO to resign Sunday; SEC reviews accounting: report
Citigroup CEO to resign Sunday; SEC reviews accounting: report (Sun, 04 Nov 2007 10:08:45 GMT)
Rice QB's record day caps rally
Chase Clement threw for six touchdowns and ran for two more Saturday and Rice (2-7, 2-3) scored the final 28 points in a 56-48 victory against visiting UT-El Paso (4-5, 2-3). Clement, who set a Conference USA record by accounting for eight touchdowns, completed 32 of 58 passes for 395 yards and ran for 103 yards. The six passing touchdowns set a Rice record and tied the conference mark, and his ... (Sun, 04 Nov 2007 11:40:58 GMT)
Accounting standard not only for banking
Local banks and financial institutions have had several years now to prepare for the introduction of International Accounting Standard 39 (IAS39) thanks to reminders from the Bank of Thailand. (Sun, 04 Nov 2007 19:03:06 GMT)
Accounting firm to buy Green Valley office site
Accounting firm Davenport Marvin Joyce & Co. LLP said it is moving to the Green Valley Office Park, where it will own a building being developed by Starmount Co. (Mon, 05 Nov 2007 05:28:28 GMT)
Tighter accounting rules likely to boost audit costs
Small and midsize Birmingham companies may get hit in the wallet by new auditing standards set to begin this year. (Mon, 05 Nov 2007 06:16:31 GMT)
New accounting rules for public firms reach VC portfolios
New accounting rules requiring public companies to standardize investment portfolio disclosures have spread to venture capitalists who, starting in 2008, must value their portfolio companies quarterly. (Mon, 05 Nov 2007 06:21:42 GMT)
Senators want more student loan accounting
Six Senate Democrats, including two presidential candidates, called for a complet accounting by the Bush administration of overpayments by the U.S. Education Department to college student loan firms, including Nelnet of Lincoln, under a loan program that guaranteed the firms a 9.5 percent interest rate. (Mon, 05 Nov 2007 08:26:46 GMT)
Citigroup faces SEC accounting probe
Citigroup is bracing itself for the results of an SEC probe into its accounting practices, heaping further misery on the banking giant following its sub-prime write down issues. (Mon, 05 Nov 2007 11:43:37 GMT)
Comverse Technology Updates Previously Announced Accounting Restatement Process
Comverse Technology, ( Nachrichten ) Inc. (Pink Sheets: CMVT.PK) today announced that its previously stated expectation to become current in its financial reports by the end of its fiscal year 2007, ending January 31, 2008, is likely to be delayed as a result of an evaluation of its recognition of revenue based on the application of Statement of Position (SOP) 97-2, Software Revenue Recognition, ... (Mon, 05 Nov 2007 12:23:29 GMT)
Sage Software Launches New Simply Accounting by Sage 2008 Product Line
Sage Software announced today the availability of Simply Accounting by Sage 2008, which offers Canadian small businesses new features and enhanced functionality, along with a simpler, cleaner accounting line with re-designed packaging. The streamlined product line-up includes Simply Accounting Entrepreneur, Simply Accounting by Sage 2008, Simply Accounting by Sage Premium Accounting 2008 and ... (Mon, 05 Nov 2007 13:06:00 GMT)
Thomson Tax & Accounting Ushers in New Risk Assessment Standards With Wide- Ranging Line of Guides and Tools
In the past two years, CPAs who perform audits have had to prepare for the biggest change in their audit process in decades. (Mon, 05 Nov 2007 15:21:00 GMT)
ACCOUNTING FOR JOINT ARRANGEMENTS
On October 16, 2007, the Canadian Accounting Standards Board (AcSB) met and discussed the accounting for joint arrangements, in particular with respect to the IASB standard on the same topic. (Mon, 05 Nov 2007 16:32:31 GMT)
MANAGEMENT ACCOUNTING: AN INTRODUCTION
Summary Details Title: Management Accounting, 1st edition Author: Pauline Weetman Publisher: Pearson Education/Financial Times Press Published: March 2006 Price: £36.99 (publisher price) ISBN: 9780273701996 Pages: 592 pages Publisher URL - http://vig.pearsoned.co.uk/catal Buy from Amazon.co.uk at here (not available in the USA) or from our ... (Mon, 05 Nov 2007 17:02:35 GMT)
Accounting Problems Plague Comverse
Communications tech company announces another delay in filing earnings statement. (Mon, 05 Nov 2007 21:25:52 GMT)
City Official: "We Need To Be Better With Our Accounting"
City of Columbia leaders speak out about the need for better accounting practices within city government. VIDEO (Tue, 06 Nov 2007 01:02:51 GMT)
Senators want more student loan accounting
Six Senate Democrats, including two presidential candidates, called for a complet accounting by the Bush administration of overpayments by the U.S. Education Department to college student loan firms, including Nelnet of Lincoln, under a loan program that guaranteed the firms a 9.5 percent interest rate. (Tue, 06 Nov 2007 06:24:47 GMT)
Fannie Prepares to Issue Quarterly Reports
Fannie Mae is preparing to issue its first quarterly financial reports since an accounting scandal three years ago revealed deep flaws in the systems the company uses to track its earnings. (Tue, 06 Nov 2007 10:22:41 GMT)
Sage Software Celebrates 25 Years of Providing Nonprofits and Governments With Specialized Accounting Software
At Sage Summit 2007, Sage Software's annual customer conference, the company today announced that Sage MIP Fund Accounting has been helping nonprofit and government organizations of all sizes plan and manage budgets, maximize grants, and produce accurate, customized reports for 25 years. First introduced in 1982, the software continues to boast a strong, loyal customer base, with a current ... (Tue, 06 Nov 2007 14:00:00 GMT)
Microsoft's new accounting software rivals QuickBooks
As if there weren't enough tussling in the technology world, two software giants are duking it out over - get this - bean counting. Internet-search giant Google recently cut a deal with Intuit, the 800-pound accounting software gorilla. (Tue, 06 Nov 2007 14:13:00 GMT)
New CCH Survey Guides Accounting Firms in Building More Intelligent Businesses
With the pressure mounting on accounting firms to do more than ever, a new nationwide survey of accounting professionals by CCH finds that firms can improve their business performance and client services today by more effectively leveraging their people and technology resources. (Tue, 06 Nov 2007 15:05:00 GMT)
S.C. accounting firm buys Charlotte company
ACCOUNTING A Greenville, S.C.-based accounting firm has acquired the Charlotte firm of Elliot & Warren and will expand the Charlotte office's staff by 28 percent. Elliott Davis already has six locations in South Carolina and one office each in Georgia and Virginia. The firm plans to immediately add seven employees to the staff of 25 in Charlotte and double the number of employees over the ... (Wed, 07 Nov 2007 08:08:29 GMT)
GM reports $39B loss on accounting shift
General Motors Corp. reported a $39 billion loss for the third quarter due to an accounting shift. (Wed, 07 Nov 2007 12:09:51 GMT)
Accounting change means $39 billion quarterly loss for GM
General Motors Corp. posted a $39 billion net loss in the third quarter, as an accounting shift involving deferred taxes brought an abrupt end to string of three profitable quarters for the nation's largest automaker. (Wed, 07 Nov 2007 12:27:42 GMT)
Accounting charge swells GM loss
General Motors has reported a loss of $39 billion for the third quarter of this year. This was due to a massive accounting charge, and it came despite some improvement in the company's global car business. (Wed, 07 Nov 2007 12:34:08 GMT)
GM: accounting shift drives it to $39 billion third-quarter loss
DETROIT (AP) - America's biggest automaker says it lost $39 billion in the third quarter. General Motors attributes the net loss to an accounting shift involving deferred tax credits. (Wed, 07 Nov 2007 13:09:31 GMT)
GM: accounting shift drives it to $39 billion third-quarter loss
Associated Press - November 7, 2007 8:03 AM ET DETROIT (AP) - America's biggest automaker says it lost $39 billion in the third quarter. General Motors attributes the net loss to an accounting... (Wed, 07 Nov 2007 13:17:21 GMT)
GM Reports $39B Loss on Accounting Shift
General Motors Corp. reported a $39 billion loss for the third quarter due to an accounting... . (Wed, 07 Nov 2007 13:46:10 GMT)
GM Posts $39B Loss on Accounting Charge
General Motors reported today a startling $39 billion loss in the third quarter as a result of an accounting change that masked improvements in its key North American operations and a small profit from global auto sales. (Wed, 07 Nov 2007 14:11:31 GMT)
Accounting Software offers efficiencies for small businesses.
Supporting Microsoft® Vista(TM) OS, Sage BusinessWorks 50 Accounting v8 provides users with modular accounting and business management solution. Drill down screens streamline processing, and Cash Account Register Report displays details of all transactions that impact cash account. With 200+ built-in reports, solution covers financial management for general ledger, accounts payable/receivable, ... (Wed, 07 Nov 2007 14:11:44 GMT)
GM: Accounting shift drives it to a $39B loss in 3rd quarter
DETROIT (AP) - America's biggest automaker says it lost 39 billion dollars in the third quarter. General Motors attributes the net loss to an accounting shift involving deferred tax credits. (Wed, 07 Nov 2007 15:11:23 GMT)
GM: Accounting shift drives it to a $39B loss in 3rd quarter
America's biggest automaker says it lost 39 billion dollars in the third quarter. General Motors attributes the net loss to an accounting shift involving deferred tax credits. (Wed, 07 Nov 2007 15:19:04 GMT)
S.C. accounting firm merges with Elliot & Warren
Elliott Davis, a Greenville, S.C., accounting firm, has established a presence in Charlotte through a merger with locally based Elliot & Warren. (Wed, 07 Nov 2007 16:30:00 GMT)
CICA seeking comment on new accounting framework for owner-managed businesses
The Canadian Institute of Chartered Accountants today released a draft version of a simplified accounting framework aimed at owner-managed businesses. (Wed, 07 Nov 2007 22:18:00 GMT)
Government reaches setttlement worth $16.4 million with ex-CEO over role in accounting scandal
WASHINGTON (AP) -- The government on Tuesday reached a $16.4 million settlement with Freddie Mac's former CEO for his role in the mortgage finance company's multibillion-dollar accounting scandal. (Wed, 07 Nov 2007 22:31:13 GMT)
(AFX UK Focus) 2007-11-08 11:52 GMT: EU's McCreevy says member states must do more to implement accounting rules
BRUSSELS (Thomson Financial) - EU internal markets commissioner Charlie McCreevy said much has been done in terms of accounting reforms, particularly IFRS, but that the the focus of implementation should now shift to member states. (Thu, 08 Nov 2007 12:22:09 GMT)
Saddam's accounting systems still in place
Penny Sukhraj, Accountancy Age , Thursday 8 November 2007 at 00:00:00 Attempts to reform the Iraqi accounting system are being hampered by a lack of expertise The US government has failed to implement a western accounting system in Iraq and root out the previous regime's corrupt infrastructure, an insider who worked in Iraq has said.... > Read the full article (Thu, 08 Nov 2007 12:50:09 GMT)
Xero loss 'investment' in online accounting
Online accounting company Xero has posted a $1,725,000 net loss for the six months to September, reflecting the company's major investment in capability. (Thu, 08 Nov 2007 16:13:24 GMT)
Town of Palm Beach accounting supervisor Amy Wood named Employee of the Year
Seldom unaware that the Palm Beach Finance Department has received a check request, accounting supervisor Amy Wood was in the dark until Thursday, when she received a check for $3,500 as Town Employee of the Year. (Thu, 08 Nov 2007 22:21:44 GMT)
Accounting charge rocks Sun-Times earnings
Sun-Times Media Group Inc.'s operating losses didn't deepen in the third quarter, but a whopping accounting-related charge gave the Chicago publishing company a mammoth $192.4 million net loss. (Thu, 08 Nov 2007 23:16:29 GMT)
Office Depot Announces Results of Independent Review of Vendor Program Accounting
DELRAY BEACH, Fla.----Office Depot, Inc. , a leading global provider of office products and services, today announced the findings from an independent review by the Audit Committee of the Company's accounting for certain vendor program funds. (Fri, 09 Nov 2007 03:22:00 GMT)
Accounting errors to reduce earnings, Office Depot says
Office Depot Inc said on Thursday it will reduce earnings for some prior periods following an independent review of its accounting for certain vendor program funds. (Fri, 09 Nov 2007 04:04:07 GMT)
Office Depot to restate earnings going back to 3Q 2006 after review of vendor funds accounting
DELRAY BEACH, Fla. Office Depot Inc. says it will revise some past financial statements after it completed an independent review of vendor-program accounting. (Fri, 09 Nov 2007 05:50:26 GMT)
McClatchy takes $1.43 billion noncash accounting charge
The McClatchy Co. on Thursday swallowed a $1.43 billion noncash accounting charge, reflecting its troubling slide in revenue and the shrunken value of its assets. (Fri, 09 Nov 2007 09:17:08 GMT)
Company accounting watchdog to target banks
In the wake of Northern Rock and accounting issues over sub-prime, the Financial Reporting Review Panel is set to run the rule over accounting at UK banks - but also stressed it would look at smaller banks rather than the titans of British banking. (Fri, 09 Nov 2007 11:43:37 GMT)
Office Depot to restate earnings going back to 3Q 2006 after review of vendor funds accounting
DELRAY BEACH, Fla. -- Office Depot Inc. says it will revise some past financial statements after it completed an independent review of vendor-program accounting. (Fri, 09 Nov 2007 12:47:31 GMT)
Auditor says Minnesota Zoo needs to improve accounting
ST. PAUL -- A state audit of the Minnesota Zoo recommended 19 ways the zoo could improve its financial accounting, but said zoo officials generally used adequate safeguards in their accounting practices (Fri, 09 Nov 2007 15:10:13 GMT)
Four Office Depot employees fired after review finds accounting errors
Four employees fired after review finds accounting errors Office Depot Inc. fired four employees and will restate earnings because of accounting errors found after an internal review of a whistleblower's complaint, the company said. (Sat, 10 Nov 2007 08:19:11 GMT)
Controversy over the Jena 6 funds
Questions grow over use of donations made to aid teens' defense Just weeks after some 20,000 demonstrators protested what they decried as unequal justice aimed at six black teenagers in the Louisiana town of Jena, controversy is growing over the accounting and disbursing of at least $500,000 donated to pay for the teenagers' legal defense. (Sat, 10 Nov 2007 10:29:50 GMT)
Tebow has hand in 7 TDs for Gators
Tim Tebow accounted for all seven of Florida's touchdowns, a school record five rushing and two passing, as the Gators kept alive their hopes of making the SEC title game with a 51-31 victory over South Carolina on Saturday night. Tebow was 22-for-32 for a career-best 304 yards and ran for 120 yards, accounting for more than three-quarters of the offense for the No. 17 Gators (7-3, 5-3). (Sun, 11 Nov 2007 06:43:35 GMT)
Jena 6 face donation questions
Just weeks after some 20,000 demonstrators protested what they decried as unequal justice aimed at six black teenagers in the Louisiana town of Jena, controversy is growing over the accounting of at least $500,000 donated for the teens' legal defense. (Sun, 11 Nov 2007 08:23:54 GMT)
Montelibano to Guillem: Accounting book will always prevail
REACTING to former president of Central Negros Electric Cooperative, Inc (Ceneco) Eddie Guillem, incumbent Ceneco president Roberto Montelibano explained that giving media a copy of former officers' accountability was simply in the interest of the 'owners.' (Sun, 11 Nov 2007 11:49:05 GMT)
Controversy surfaces over Jena 6 fundraising
Just weeks after some 20,000 demonstrators protested what they decried as unequal justice aimed at six black teenagers in the Louisiana town of Jena, controversy is growing over the accounting and disbursing of at least $500,000 donated to pay for the teenagers' legal defense. (Sun, 11 Nov 2007 12:00:34 GMT)
For Pakistani Students, a Reawakening: 'We Can't Just Sit Idle'
LAHORE, Pakistan, Nov. 11 -- The accounting majors at the elite Lahore University of Management Sciences have rarely demonstrated against anything, preferring Punjabi pop music to protest songs. Cynicism about Pakistan's parade of autocratic and corrupt leaders had replaced civil disobedience, they... (Mon, 12 Nov 2007 05:34:59 GMT)
Graff returns to Tronconi Segarra in merger of accounting firms
Phoenix Consulting Group and the CPA who ran it for six years have returned to the Amherst accounting firm of Tronconi Segarra & Associates LLP at 6390 Main St. (Mon, 12 Nov 2007 06:26:46 GMT)
Deal adds player in accounting market
When the two founders of Elliot & Warren started the accounting firm 10 years ago, they rented a small office from local real estate appraiser Skeet Harris, who had introduced them and suggested they work together. (Mon, 12 Nov 2007 06:31:28 GMT)
Forensics: the sexy side of accounting
Fraud, misrepresentation, bad acts, scandals -- sexy stuff. (Mon, 12 Nov 2007 06:31:38 GMT)
U.S. considers switch to global accounting standards
For years, companies in the U.S. have adhered to different accounting standards than the international practices adopted by almost 100 countries. (Mon, 12 Nov 2007 06:32:59 GMT)
College Grads Can Count On Accounting
The life science and information technology industries usually get all the attention here in Northern California. Last month, however, the accounting firms got their due when BusinessWeek magazine listed several national companies as good places for young employees to start a career. The list ranked Deloitte number one, with PriceWaterhouseCoopers and Ernst & Young landing at the second and ... (Mon, 12 Nov 2007 11:14:43 GMT)
School miss stole kids' cash
AFTER a short time working in Glenmore Park High School's front office, Joanne Sheens asked for greater responsibility because she loved accounting. (Mon, 12 Nov 2007 13:00:00 GMT)
Finance, Accounting and Consultancy
An amendment to FRS 3 confirms that recycling previously recognised gains and losses is allowed in some circumstances. (Mon, 12 Nov 2007 13:17:55 GMT)
U.K. Stocks Pare Gains; Sage Group, BP, Royal Dutch Shell Drop
Nov. 12 (Bloomberg) -- U.K. stocks pared earlier gains. Sage Group Plc, Britain's biggest maker of accounting software, and oil companies BP Plc and Royal Dutch Shell Plc declined. (Mon, 12 Nov 2007 13:23:24 GMT)
U.K. Stocks Pare Gains; Vedanta, Sage, BP, Shell Pace Decline
Nov. 12 (Bloomberg) -- U.K. stocks pared earlier gains. Vedanta Resources Plc, India's largest copper producer, and Sage Group Plc, Britain's biggest maker of accounting software, led the drop. BP Plc and Royal Dutch Shell Plc also declined. (Mon, 12 Nov 2007 15:23:25 GMT)
South Florida accounting firms merge
Accounting firm Berenfeld, Spritzer, Shechter & Sheer LLP said it has merged with Lefcourt, Billig, Tiktin & Yesner. (Mon, 12 Nov 2007 17:20:34 GMT)
GeoMet Announces the Appointment of Tony Oviedo to Vice President, Chief Accounting Officer and Controller
GeoMet, ( Nachrichten ) Inc. (NASDAQ:GMET) announced the appointment by its Board of Directors of Tony Oviedo to Vice President, Chief Accounting Officer and Controller effective November 9, 2007. (Mon, 12 Nov 2007 17:52:21 GMT)
BlackLine Systems Joins the Oracle PartnerNetwork to Help Bridge the Gap Between Accounting and Financial Reporting
BlackLine Systems joins the Oracle PartnerNetwork with solutions that provide a link between accounting and financial reporting data that helps verify the accuracy of financial results during the critical close process. (Mon, 12 Nov 2007 21:45:00 GMT)
Symmetry Medical Provides Update of Previously Disclosed Accounting Review at Sheffield, UK Operating Unit
WARSAW, Ind. ( Map ) - WARSAW , Ind., Nov. 12 /PRNewswire-FirstCall/ -- Symmetry Medical Inc. (NYSE: SMA ), an independent provider of products to the global orthopedic device industry and other medical markets, today issued an update of the previously announced review of accounting irregularities at its Sheffield, UK operating unit. (Mon, 12 Nov 2007 23:23:29 GMT)
S.A. accounting firm in merger
San Antonio's Padgett, Stratemann & Co. LLP has merged with an Austin firm, making it the second-largest Texas-owned certified public accounting firm. (Tue, 13 Nov 2007 01:51:37 GMT)
AICPA Releases 2007 Audit and Accounting Guides
Nov. 13, 2007 (SmartPros) The American Institute of Certified Public Accountants has released its 2007 AICPA Audit and Accounting Guides which have been updated for the new Risk Assessment Standards issued by the Auditing Standards Board (ASB). (Tue, 13 Nov 2007 06:29:37 GMT)
Symmetry Medical Says Accounting Irregularities at UK Unit May Be Higher Than Anticipated
WARSAW, Ind. (AP) - Orthopedic device maker Symmetry Medical Inc. said Monday that a review of accounting irregularities in its Sheffield, U.K. operation shows the unit may have overstated past revenue and pretax income more than previously thought. (Tue, 13 Nov 2007 07:53:18 GMT)
Symmetry's accounting woes deepen
A Warsaw-based orthopedic supplier said Monday that accounting irregularities at its United Kingdom-based operating unit are more extensive than first thought. (Tue, 13 Nov 2007 11:12:44 GMT)
Fortress Investment Group, a US alternative asset manager that floated in the US this year, has recorded an accounting ...
Fortress Investment Group, a US alternative asset manager that floated in the US this year, has recorded an accounting loss for the third quarter of 2007 as payouts to its founders took it into the red for the second quarter in a row. (Tue, 13 Nov 2007 16:41:09 GMT)
Syntax-Brillian Corp. Shares Fall; Analyst Points to Lack of Guidance, Accounting Issues
NEW YORK (AP) - Shares of Syntax-Brillian Corp. fell Tuesday, and an analyst pointed to accounting and guidance problems at the high-definition TV maker as a potential reason. (Wed, 14 Nov 2007 00:22:49 GMT)
Parmalat's masterstroke: Making its bankers pay
Analysts forecast that Parmalat can reap as much as €3.1 billion by settling damage claims against Bank of America, Citigroup, 13 Italian lenders and Grant Thornton, an accounting firm. (Wed, 14 Nov 2007 08:22:38 GMT)
IQ Backoffice Predicts Increased Use of Outsourcing of Individual Finance and Accounting Processes
IQ BackOffice, a leading provider of accounts payable, payroll management and accounting business process outsourcing solutions, today announced its predictions for 2008. (Wed, 14 Nov 2007 13:00:00 GMT)
California, Florida lead metros in home foreclosures
Homeowners across the U.S. are increasingly having trouble making their mortgage payments on time, but borrowers in metro areas of California, Florida and other once-booming housing markets are accounting for the biggest spikes in foreclosure filings, according to a mortgage research company. (Wed, 14 Nov 2007 13:57:00 GMT)
HSBC Profit Rises, Countering U.S. Deterioration (Update4)
Nov. 14 (Bloomberg) -- HSBC Holdings Plc, Europe's biggest bank by market value, said emerging-market lending and accounting gains lifted third-quarter profit, offsetting losses on U.S. mortgages that are spreading to credit-card and unsecured loans. (Wed, 14 Nov 2007 14:49:42 GMT)
US SEC To Vote Thursday On Use Of International-Accounting Rules By Foreign Cos
WASHINGTON -(Dow Jones)- U.S. securities regulators will meet Thursday to consider a half-dozen changes affecting mutual-fund disclosure, small business capital raising, and accounting requirements for foreign companies whose shares are traded in the U.S. (Wed, 14 Nov 2007 23:11:14 GMT)
Easing of foreign accounting rules ‘premature’
A proposal set to go before US regulators on Thursday to eliminate the need for foreign companies with US listings to reconcile their accounts with US accounting standards is “premature and being unduly rushed”, Christopher Dodd, chairman of the Senate’s banking committee, warned on Wednesday night. (Thu, 15 Nov 2007 03:24:30 GMT)
AICPA Recommends SEC Use International Accounting Standards
Nov. 15, 2007 (SmartPros) The American Institute of Certified Public Accountants recommended the U.S. Securities and Exchange Commission take comprehensive steps to harmonize U.S. and international financial reporting, including allowing American public companies to report financial results using international accounting standards. (Thu, 15 Nov 2007 04:30:13 GMT)
Microsoft Office Accounting Offers New Financial Management Solutions for the Diverse Small-Business Market
Microsoft Office Accounting 2008, an enhanced version of the well-received 2007 financial management software for small businesses, is now available. In addition to new features and tools, Office Accounting 2008 has expanded its market distribution to include a bilingual Spanish-English version for the U.S.-based Hispanic market as well as a new product for the United Kingdom. (Thu, 15 Nov 2007 05:01:00 GMT)
Master of Accounting & Taxation der Frankfurt School auf Wirtschaftsprüfer-Examen anrechenbar
Frankfurt am Main, 15. November 2007. Nach § 13b der Wirtschaftsprüferordnung (WPO) ist der Master of Accounting & Taxation der Frankfurt School of Finance & Management auf die Klausuren und die mündliche Prüfung im Fach "Angewandte Betriebswirtschaftslehre, Volkswirtschaftslehre" des Wirtschaftsprüfer-Examens anrechenbar. (Thu, 15 Nov 2007 09:17:14 GMT)
Microsoft's Office Accounting 2008 speaks Spanish
The latest version of Microsoft's entry-level accounting program for small businesses released on Thursday can handle accounts in Spanish and English, and integrates with more online banking services than the previous version. (Thu, 15 Nov 2007 12:47:45 GMT)
Microsoft's Office Accounting 2008 speaks Spanish
The latest version of Microsoft's entry-level accounting program for small businesses released on Thursday can handle accounts in Spanish and English, and integrates with more online banking services than the previous version. Office Accounting 2008 is a basic set of accounting tools that lets users do general tasks such as managing budgets. It also has special features for people who ... (Thu, 15 Nov 2007 13:16:25 GMT)
Accounting firm kicks off another Boys and Girls Club fundraiser
MARSHFIELD - Damon, Topham and Co. of Marshfield donates $1,000 each year to the Boys and Girls Club to kick off a business challenge. The School Street accounting firm encourages other local businesses to do the same. (Thu, 15 Nov 2007 14:08:09 GMT)
Microsoft Office Accounting Offers New Financial Management Solutions for the Diverse Small-Business Market
Microsoft Office Accounting 2008, an enhanced version of the well-received 2007 financial management software for small businesses, is now available. (Thu, 15 Nov 2007 14:08:46 GMT)
Microsoft Office Accounting 2008 Speaks Spanish
The new version of Microsoft Office Accounting for small businesses can handle accounts in Spanish and English, among other improvements. (Thu, 15 Nov 2007 15:14:14 GMT)
Microsoft's Office Accounting 2008 speaks Spanish
The latest version of Microsoft's entry-level accounting program for small businesses released on Thursday can handle accounts in Spanish and English, and integrates with more online banking services than the previous version. (Thu, 15 Nov 2007 16:05:46 GMT)
'Tricky' rule on fair-value accounting officially kicks in
SAN FRANCISCO (MarketWatch) -- Called "tricky" by at least one industry observer, a new accounting standard that's already caused problems in the investment-banking business kicked in officially on Thursday. (Thu, 15 Nov 2007 19:17:56 GMT)
S.E.C. Takes Step Toward Global Accounting Rules
The S.E.C. decided that companies outside the United States will no longer need to adjust their financial statements to comply with U.S. accounting rules. (Thu, 15 Nov 2007 19:20:20 GMT)
SEC eases accounting rules for non-U.S. companies
Corporations from outside the U.S. that use international accounting standards will no longer be required to adjust their financial statements. (Thu, 15 Nov 2007 20:08:23 GMT)
SEC drops an accounting rule for foreign companies
Federal regulators today eliminated a rule requiring foreign companies with U.S.-traded shares to explain their financial results in line with U.S. accounting standards. (Thu, 15 Nov 2007 20:57:32 GMT)
SEC drops rule on overseas accounting
WASHINGTON -- Federal regulators eliminated a rule Thursday requiring foreign companies with U.S.-traded shares to explain their financial results in line with U.S. accounting standards. (Fri, 16 Nov 2007 04:07:24 GMT)
S.E.C. Says Foreign Companies Do Not Have to Adjust to U.S. Accounting
Companies outside the U.S. that use international accounting standards will no longer be required to adjust their financial statements to comply with American accounting rules. (Fri, 16 Nov 2007 04:35:50 GMT)
Dropping accounting rule favors foreign firms
Federal regulators on Thursday eliminated a rule requiring foreign companies with U.S.-traded shares to explain their financial results in line with U.S. accounting standards. (Fri, 16 Nov 2007 06:44:23 GMT)
Fannie Mae to answer questions on accounting
Fannie Mae said it will hold a conference call on Friday to answer accounting questions, after Fortune magazine reported that the U.S. mortgage lender may be "camouflaging" credit losses. (Fri, 16 Nov 2007 12:16:35 GMT)
Microsoft unveils UK accounting package for small firms
Microsoft has launched Office Accounting 2008 in the UK to help small businesses manage their finances more effectively. (Fri, 16 Nov 2007 15:26:49 GMT)
Fannie Mae Says Accounting Accurately Reflects Mortgage Losses
Nov. 16 (Bloomberg) -- Fannie Mae, the largest source of money for U.S. home loans, said its accounting of credit losses is accurate and reflects changes in market conditions. (Fri, 16 Nov 2007 15:42:43 GMT)
Fannie Under Fire Over Accounting Change
Fannie Mae's bookkeeping is drawing scrutiny from Wall Street _ again. Three years after a stunning accounting scandal that forced it to restate earnings by $6.3 billion, the giant government-sponsored company that buys and sells home loans is on the... (Fri, 16 Nov 2007 16:23:41 GMT)
BlackRock Principal Accounting Officer Joseph Feliciani Exercises Options for 10,000 Shares
NEW YORK (AP) - The principal accounting officer of investment management firm BlackRock Inc. exercised options for 10,000 shares of common stock, according to a Securities and Exchange Commission filing. (Fri, 16 Nov 2007 21:23:29 GMT)
Tread Lightly Through These Accounting Minefields
Your reporting practices can help your business avoid the pitfalls of creative accounting. Make sure you can answer these questions (Fri, 16 Nov 2007 23:19:33 GMT)
Fannie Under Fire Over Accounting Change
Fannie Mae's bookkeeping is drawing scrutiny from Wall Street -- again. Three years after a stunning accounting scandal that forced it to restate earnings by $6.3 billion, the giant government-sponsored company that buys and sells home loans is on the defensive over a change in how it calculates potential losses from the growing mortgage crisis. (Sat, 17 Nov 2007 00:29:23 GMT)
Fannie under fire over accounting change
Fannie Mae's bookkeeping is drawing scrutiny from Wall Street - again. Three years after a stunning accounting scandal that forced it to restate earnings by $6.3 billion, the giant government-sponsored company that buys and sells home loans is on the defensive over a change in how it calculates potential losses from the growing mortgage crisis. The fear among investors is that a new accounting ... (Sat, 17 Nov 2007 00:39:00 GMT)
Accounting Firm Partner Dies In Car Wreck
William Andrew "Andy" Mueller, a partner in an accounting firm with a client list that includes the Florida Strawberry Festival and city government, died in a Nov. 9 car accident in Alabama. (Sat, 17 Nov 2007 05:01:20 GMT)
Fannie Stock Slides As Questions Arise Over Accounting
Shares of Fannie Mae experienced their steepest two-day drop in 20 years after concerns grew among investors that the home mortgage giant changed its financial disclosures in a way that could mask credit losses. (Sat, 17 Nov 2007 08:08:51 GMT)
Guardians of Retired Judge Accused of Lax Accounting and Improprieties
Those close to retired Judge John L. Phillips Jr. blame his previous guardians for much of the financial mess that may force the Slave Theater to be sold to pay the judge’s debts. (Sat, 17 Nov 2007 23:11:36 GMT)
Accounting fluke triples CW profit
WILLIAMSBURG - Colonial Williams burg filed its federal tax return this week with a profit of just over $66 million, almost three times the $23 million of 2005. (Sun, 18 Nov 2007 15:16:43 GMT)
Reappointment to Accounting Standards Review Board
Commerce Minister Lianne Dalziel today announced the reappointment of Ken Warren to his second five-year term on the Accounting Standards Review Board (ASRB), which is responsible for reviewing and approving New Zealand's financial reporting standards. (Mon, 19 Nov 2007 03:44:03 GMT)
District gets high ratings from accounting firm
PENNINGTON -- The Hopewell Valley Regional School District won high ratings after an audit of its $68 million budget for the 2006-07 school year, auditor Rod ney Haines told the board of education last week. (Mon, 19 Nov 2007 05:31:49 GMT)
Mayer's accounting: Mix analysis, energy, humor
When Steve Mayer gets involved with something, he's all in, no matter how outlandish or impossible the cause. (Mon, 19 Nov 2007 06:21:11 GMT)
Accounting: Audit firms once again making 'consulting hay'
Its official: The Big Four are back. Figures published this month showed that strong fee growth at the consulting arms of the top tier accounting firms have pushed them back into the top 10 of UK consultancy. (Mon, 19 Nov 2007 07:25:23 GMT)
Doubts surround Cambodia's plans for a stock exchange
The finance minister acknowledges that it will take time to implant transparency for accounting at all companies. (Mon, 19 Nov 2007 10:49:46 GMT)
Accounting by braille exam a first
LEDGERS and tables are no barrier to Seaview High School's Shannon Blakeley, the first Year 12 student to sit an accounting exam in braille. (Mon, 19 Nov 2007 13:37:04 GMT)
Accounting fluke triples CW profit
WILLIAMSBURG - Colonial Williams burg filed its federal tax return this week with a profit of just over $66 million, almost three times the $23 million of 2005. (Mon, 19 Nov 2007 14:02:23 GMT)
Court dismisses new Berlusconi charge
A court Monday threw out a charge of false accounting against former Premier Silvio Berlusconi filed last month in connection with his Mediaset empire's purchase of rights for TV movies. (Mon, 19 Nov 2007 15:12:01 GMT)
Court Dismisses New Berlusconi Charge
MILAN, Italy A court Monday threw out a charge of false accounting against former Premier Silvio Berlusconi filed last month in connection with his Mediaset empire's purchase of rights for TV movies. (Mon, 19 Nov 2007 15:20:27 GMT)
Accounting Employee Pleads Guilty to Stealing Katrina Relief Funds
posted 1:24 pm Mon November 19, 2007 - Upper Marlboro, Md. A former accounting employee pleaded guilty to stealing more than $78,000 worth of funds raised to assist victims of Hurricane Katrina. (Mon, 19 Nov 2007 19:07:18 GMT)
Review: Has Microsoft Accounting Caught Up To QuickBooks?
Microsoft is laying down the gauntlet against one-time acquisition target Intuit, stacking more functionality and punch into its Microsoft Accounting 2008. (Mon, 19 Nov 2007 19:21:39 GMT)
Accounting Oversight Board Seeks 6% Rise In 2008 Budget
WASHINGTON -(Dow Jones)- The Public Company Accounting Oversight Board voted Monday to approve a $144.6 million budget for 2008, up 6% from its 2007 budget. The proposed spending plan also requires approval of the Securities and Exchange Commission. (Mon, 19 Nov 2007 20:56:29 GMT)
Access Accounting seeks high-flyers to help drive ambitious growth plans
Following its continued business success Access Accounting has launched a campaign to search for outstanding talent to help drive its ambitious growth plans. (Tue, 20 Nov 2007 00:23:31 GMT)
PEORIA: City may go with new accounting firm
PEORIA — A 12-year relationship between the city of Peoria and an accounting firm will come to an end Tuesday if the City Council votes to go with a new company to perform its annual audit. (Tue, 20 Nov 2007 01:36:24 GMT)
Deutsche Telekom to cut 400 accounting, audit posts says report
File photo shows people walking past a logo of German telecommunications giant Deutsche Telekom in Hanover. German telecommunications operator Deutsche Telekom plans to downsize its accounting department and eliminate 400 jobs, or one-third of its workforce, a press report said Tuesday. (Tue, 20 Nov 2007 07:50:44 GMT)
Deutsche Telekom to cut 400 accounting, audit posts says report
German telecommunications operator Deutsche Telekom plans to downsize its accounting department and eliminate 400 jobs, or one-third of its workforce, a press report said Tuesday. (Tue, 20 Nov 2007 08:20:39 GMT)
NYSE Euronext, the largest US stock exchange, has hinted US companies may drop their domestic accounting standard in ...
NYSE Euronext, the largest US stock exchange, has hinted US companies may drop their domestic accounting standard in favour of the international benchmark to reduce the cost of reporting. (Tue, 20 Nov 2007 12:25:25 GMT)
Apex court upholds new accounting standards
The Supreme Court has upheld the revised accounting standards AS 22 issued by the Institute of Chartered Accountants of India which has been made mandatory for all the companies listed in the stock exchanges since the financial year 2001-02. (Tue, 20 Nov 2007 18:52:38 GMT)
Elmira accounting firm merges with Rochester firm
One of Rochester’s leading accounting firms, Eldredge, Fox & Porretti LLP has merged with Carnevale Niles Whitney & Davis P.C. of Elmira. The combined firm will operate under the Eldredge, Fox & Porretti name and employ 75 people in offices in Rochester, Canandaigua, Elmira and Corning. (Tue, 20 Nov 2007 19:30:59 GMT)
New Sage MIP Fund Accounting Eases Financial Management for Nonprofits and Governments With Improved Functionality and ...
Sage Software today announced general availability of Sage MIP Fund Accounting, version 9.0, the latest version of its award-winning accounting software for nonprofit financial management. Enhancements to the product include: new tax forms and eFiling by Aatrix®, new recurring and reversing entry management functionality, enhanced fixed assets tracking and reporting, streamlined navigation and ... (Tue, 20 Nov 2007 19:37:00 GMT)
Apex court upholds accounting norms
NEW DELHI: The Supreme Court has upheld the new accounting standards prescribed by the Institute of Chartered Accountants of India (ICAI) on deferred tax liability of listed companies. ... (Tue, 20 Nov 2007 19:45:42 GMT)
Accounting firm KPMG teaches ethics class at Wake Forest Univ.
Accounting firm KPMG has launched a program at Wake Forest University to help business students navigate ethical shoals. The program pushes students to consider the ethical quandaries they may face as students or workers. For example, should a student report another student -- a potential rival for a job or internship -- for cheating on an exam or embellishing a resume? (Tue, 20 Nov 2007 20:14:16 GMT)
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