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Accounting News 01/2008



North Korea: Nuclear Deadline Missed (New York Times)
North Korea remained silent as the last hours of 2007 passed and it missed a year-end deadline to give a full accounting of its nuclear weapons.

Decreasing Textile, Garment Exports Drive Down Macao's Exports (Asia Pulse via Yahoo!7 News)
Macao's total export value during the first 11 months of 2007 dropped by 1.4 per cent year-on-year, as its textile and garment export value, accounting for 65.4 per cent of the total, decreased by 11 per cent, according to official statistics released on Monday.

DECREASING TEXTILE, GARMENT EXPORTS DRIVE DOWN MACAO'S EXPORTS (Asia Pulse via Yahoo!7 Finance)
Textiles / clothing   Macao's total export value during the first 11 months of 2007 dropped by 1.4 per cent year-on-year, as its textile and garment export value, accounting for 65.4 per cent of the total, decreased by 11 per cent, according to official statistics released on Monday.

Decreasing textile, garment exports drive down Macao's export value (People's Daily)
Macao's total export value during the first 11 months of 2007 dropped by 1.4 percent year-on-year, as its textile and garment export value, accounting for 65.4 percent of the total, decreased by 11 percent, according to official statistics ...

NZ study shows link between sleep and obesity (NZPA via Yahoo!Xtra News)
A study of New Zealand seven-year-olds has found that sleeping fewer than nine hours a night is associated with being overweight or obese, even after accounting for time spent watching television, and physical exercise.

Torrington prepares for forensic audit (Republican-American)
Torrington officials have started searching for an accounting firm to conduct a forensic audit of Tax Collector R. Thomas Crovo's office.

What jobs can someone get with an Associate of Applied Science in Business Administration- Accounting? (The Devens Commerce Journal)
What jobs can someone get with an Associate of Applied Science in Business Administration- Accounting?

Probe slams Vivendi's aggressive accounting: newspaper (AFP via Yahoo! News)
Prosecutors have been given a report by financial investigators which sharply criticises Vivendi Universal's accounting practices under former CEO Jean-Marie Messiere, La Tribune reported on Wednesday.

Probe slams Vivendi's aggressive accounting: newspaper (TODAYonline)
File picture shows Vivendi shareholders leaving an annual general meeting. Prosecutors have been given a report by financial investigators which sharply criticises Vivendi Universal's accounting practices under former CEO Jean-Marie Messiere, La Tribune reported on Wednesday

(AFX UK Focus) 2008-01-02 06:19 GMT: Vivendi Universal accounting practices criticised in financial probe - report (Interactive Investor)
PARIS (Thomson Financial) - Prosecutors have been given a report by financial investigators which sharply criticises Vivendi Universal's accounting practices under former CEO Jean-Marie Messiere, La Tribune reported.

Report slams Vivendi's accounting practices (vnunet.com)
AccountancyAge.com, Accountancy Age , Wednesday 2 January 2008 at 00:00:00 French media group Vivendi has come under sharp criticism from French financial investigators for its accounting practices French prosecutors have received a report from financial investigators which sharply criticise the French media and communications giant Vivendi Universal's accounting practices under ...

Report slams Vivendi's accounting practices (Addict 3D)
AccountancyAge.com, Accountancy Age , Wednesday 2 January 2008 at 00:00:00 French media group Vivendi has come under sharp criticism from Frenchfinancial investigators for its accounting practices French prosecutors have received a report from financial investigators which sharply criticise the French media and communications giant Vivendi Universal's accounting practices under former CEO ...

Crowe Group is ranked a big accounting firm (The Indianapolis Star)
Crowe Group, parent company of Crowe Chizek and Co., has been ranked one of the biggest accounting firms by Public Accounting Report.

Daewoo founder pardoned for accounting fraud (Accountancy Age)
The founder of Daewoo has been pardoned for his role in the failure of the motor manufacturer in 2006. Kim Woo-choong was convicted and sentenced to ten years in jail for accounting fraud in 2006. Daewoo, once South Korea's second-largest conglomerate, collapsed under a $80bn (£40.3bn) debt.

Netgear Promotes Officer to CFO Post (AP via Yahoo! Finance)
Networking products maker Netgear Inc. said Wednesday it promoted Chief Accounting Officer Christine M. Gorjanc to chief financial officer, effective immediately.

Netgear promotes Gorjanc to CFO (bizjournals.com via Yahoo! Finance)
Netgear Inc. on Wednesday promoted Christine M. Gorjanc from chief accounting officer to chief financial officer, succeeding Jonathan Mather, who left the company in late 2006.

Blue Cross Names New Chief Financial Officer, Chief Accounting Officer (PR Newswire via Yahoo! Finance)
Blue Cross and Blue Shield of Minnesota today announced the appointments of Michael Morrow as chief financial officer and Mark Hudson as chief accounting officer . Morrow, whose career at Blue Cross spans more than two decades, will be responsible for developing and leading the financial strategies of the largest health plan in Minnesota, with more than $8 billion in annual revenues.

Blue Cross Names New Chief Financial Officer, Chief Accounting Officer (Centre Daily Times)
Blue Cross and Blue Shield of Minnesota (Blue Cross) today announced the appointments of Michael Morrow as chief financial officer (CFO) and Mark Hudson as chief accounting officer (CAO). Morrow, whose career at Blue Cross spans more than two decades, will be responsible for developing and leading the financial strategies of the largest health plan in Minnesota, with more than $8 billion in ...

Du Quoin Accounting Firm on Just-Passed Tax Law Changes (Du Quoin Evening Call)
DU QUOIN - Just before departing for the holidays, Congress passed three new laws that include significant tax changes. According to Harold Emling of the accounting firm Emling & Hoffman of Du Quoin, here are the changes.

Polymer Group, Inc. Appoints Chief Accounting Officer (PR Newswire via Yahoo! Finance)
Polymer Group, Inc. announced today that the company appointed Robert Kocourek as vice president and chief accounting officer.

Polymer Group, Inc. Appoints Chief Accounting Officer (Centre Daily Times)
Polymer Group, Inc. (OTC Bulletin Board: POLGA; POLGB) announced today that the company appointed Robert (Bob) Kocourek as vice president and chief accounting officer.

Funding for the UK's 200 largest pension funds improved in 2007 as accounting deficits fell 95% last year despite ... (eFinancial News)
Funding for the UK's 200 largest pension funds improved in 2007 as accounting deficits fell 95% last year despite extreme volatility in global equity markets, according to research from Aon Consulting.

Cash vs. accrual basis accounting (Bankrate.com via Yahoo! Finance)
Self-employment tax method depends on the type of business, says CPA George Saenz.

Outsource Partners International Announces Investment in Accounting Proficiency of Employees with Chartered Institute ... (Business Wire via Yahoo!7 Finance)
Outsource Partners International, Inc. (OPI), a leading provider of finance, accounting and tax outsourcing services, today announced the launch of The Chartered Institute of Management Accountants' (CIMA) finance and accounting professional qualification program.

Outsource Partners International Announces Investment in Accounting Proficiency of Employees with Chartered Institute ... (Centre Daily Times)
Outsource Partners International, Inc. (OPI), a leading provider of finance, accounting and tax outsourcing services, today announced the launch of The Chartered Institute of Management Accountants' (CIMA) finance and accounting professional qualification program. The program will offer OPI employee candidates throughout India the opportunity to complete the globally-recognized finance and ...

Owings Mills accounting firms merge (BizJournals)
Wealth management and CPA firm Glass Jacobson has acquired another Owings Mills accounting firm, Finkelstein & Geser LLC.

Du Quoin Accounting Firm on Just-Passed Tax Law Changes (Du Quoin Evening Call)
DU QUOIN - Just before departing for the holidays, Congress passed three new laws that include significant tax changes. According to Harold Emling of the accounting firm Emling & Hoffman of Du Quoin, here are the changes.

II-VI Incorporated Announces Change in Independent Registered Public Accounting Firm (PR Newswire via Yahoo! Finance)
II-VI Incorporated announced today that it has engaged Ernst & Young LLP as its independent registered public accounting firm to perform the Company's annual audit for its fiscal year ending June 30, 2008 including the review of the Company's fiscal second and third quarter financial statements that will be filed during the fiscal year ending June 30, 2008.

OPI announces training programme for finance, accounting professionals (ANI via Yahoo! India News)
Los Angeles, Jan 4 (ANI/Business Wire India): Outsource Partners International (OPI), a leading provider of finance, accounting and tax outsourcing services, announced the launch of the Chartered Institute of Management Accountants' (CIMA) finance and accounting professional qualification programme. The programme will offer OPI employee candidates throughout India the opportunity to ...

ATA's Accounting, Finance Council Hosts Forum March 24-26 (TruckingInfo.com)
1/4/2008 The National Accounting and Finance Council of the American Trucking Associations will address issues ranging from the greening of America's supply chain to fiduciary responsibility in managing 401K plans at its Annual Meeting & Exhibit Forum, March 24-26, 2008, at the JW Marriott Desert Ridge in Phoenix, Ariz.

Accounting interpretation could reverse trend of narrowing pension deficits (vnunet.com)
Penny Sukhraj, Accountancy Age , Friday 4 January 2008 at 00:00:00 A company could be forced to widen its stated deficit if the trustees of its pension have strong powers and demand a higher level of funding A new interpretation of an accounting rule which comes into effect this year may widen reported pension deficits - if a company's scheme is structured such that the company does... ...

Analyse Accounting, Tax Preparation, Bookkeeping and Payroll Services in the US (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of "Accounting, Tax Preparation, Bookkeeping and Payroll Services in the US" to their offering.

OPI announces training programme for finance, accounting professionals (New Kerala)
Los Angeles, Jan 4: Outsource Partners International (OPI), a leading provider of finance, accounting and tax outsourcing services, announced the launch of the Chartered Institute of Management Accountants' (CIMA) finance and accounting professional qualification programme.

Catapult Communications Changes Accounting Firms to Reduce Expenses (Marketwire via Yahoo! Finance)
Catapult Communications Corporation (NASDAQ: CATT) today announced that, in order to significantly reduce its accounting expenses, it has dismissed its previous independent registered public accounting firm, Deloitte & Touche LLP, and has engaged the firm of Stonefield Josephson, Inc.

Du Quoin Accounting Firm on Just-Passed Tax Law Changes (Du Quoin Evening Call)
DU QUOIN - Just before departing for the holidays, Congress passed three new laws that include significant tax changes. According to Harold Emling of the accounting firm Emling & Hoffman of Du Quoin, here are the changes.

Legislator seeking accounting of kids' meds (East Valley Tribune)
More children are on psychiatric medications than ever, according to state and national data, and Arizona taxpayers last year paid more than $26 million for these drugs to treat kids in publicly funded health programs.

Cities' services might be cut further to cover retirees' insurance (Sun-Sentinel)
Services may be cut further to cover retirees' insurance As cities warn that state-ordered tax cuts could lead to padlocked parks and unrepaired roads, a new and seemingly innocuous set of accounting rules could make things even worse.

Cities' services might be cut further to cover retirees' insurance (Sun-Sentinel)
As cities warn that state-ordered tax cuts could lead to padlocked parks and unrepaired roads, a new and seemingly innocuous set of accounting rules could make things even worse.

Accounting firm moves to Atwater (Daily Local News)
TREDYFFRIN — Mid-Atlantic certified public accounting firm Beard Miller Co. said Monday it has moved to the Atwater business park.

Accounting firms have much to offer (BizJournals)
Pitches and signing bonuses no longer are the exclusive nomenclature of baseball, as Jason Conant discovered.

Rebranding efforts under way at Frazee Ivy Davis as accounting firm eyes future growth (BizJournals)
In the year since accounting firm Frazee Ivy Davis PLC was formed through the merging of three firms, significant capital investment has been made in equipment and people.

OUTSOURCE PARTNERS INT'L LAUNCHES QUALIFICATION PROGRAM (Asia Pulse via Yahoo!7 Finance)
Accountancy   Jan. 03, 2008-- Outsource Partners International, Inc. (OPI), a leading provider of finance, accounting and tax outsourcing services, today announced the launch of The Chartered Institute of Management Accountants' (CIMA) finance and accounting professional qualification program. The program will offer OPI employee candidates throughout India the opportunity to complete the ...

Vantis among Europe's fastest growing firms (ShareCast via Yahoo! UK & Ireland Finance)
Shares in accounting, business and tax advisory group Vantis were wanted Monday after the group blew its own trumpet, drawing attention to its ranking as Europe's 153rd fastest growing company in 2007.

Accounting and Consultancy (Mondaq)
Stevens & Lee United States: Bankruptcy Client Alert: Will the Increased Prevalence of Prepackaged Bankruptcies Lead to More Chapter 22s?

CONTEMPORARY ISSUES IN ACCOUNTING (Accounting Education)
Contemporary Issues in Accounting is a new textbook, which offers a more applied introduction to a range of contemporary issues facing the accounting profession. The text presents a basic overview of the conceptual framework that governs the profession, before examining a series of contemporary accounting issues....

CONTEMPORARY ISSUES IN ACCOUNTING (Accounting Education)
Contemporary Issues in Accounting is a new textbook, which offers a more applied introduction to a range of contemporary issues facing the accounting profession. The text presents a basic overview of the conceptual framework that governs the profession, before examining a series of contemporary accounting issues....

NewEnergy Associates Completes Successful Project to Streamline Energy Trading and Accounting Processes for Allegheny ... (Business Wire via Yahoo! Finance)
ATLANTA----NewEnergy Associates, A Ventyx Company, announced today the company has completed a complex integration project for Allegheny Energy Inc. . The primary goal of the project was to streamline daily practices associated with energy transacting and related accounting processes by reducing the number of "handoffs" between operational groups.

Job Description: (Rigzone)
Entry-level accounting position with the responsibility of applying principles of accounting to analyze financial information and prepare financial reports by performing the following duties.

Noticias Infobolsa / Titulares (InfoBolsa)
07/01/2008 13:45:00 Business Wire US4663671091 Use of Non-GAAP Financial Measures Our "non-GAAP EPS" financial measure is defined as reported, or GAAP, EPS excluding, for the reasons discussed below, (1) purchase accounting and merger-related adjustments, (2) stock option expense and (3) other items.

Du Quoin Accounting Firm on Just-Passed Tax Law Changes (Du Quoin Evening Call)
DU QUOIN - Just before departing for the holidays, Congress passed three new laws that include significant tax changes. According to Harold Emling of the accounting firm Emling & Hoffman of Du Quoin, here are the changes.