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Accounting and Consultancy
On December 21, 2007, the Securities and Exchange Commission published a final rule accepting financial statements prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"), from foreign private issuers, without reconciliation to U.S. generally accepted accounting principles ("U.S. GAAP"). 1 This new rule ... (Mon, 21 Jan 2008 13:19:45 GMT)

Tax Education Offered by Leading Online Day Trading Accountants: CEO of Traders Accounting to Offer Key Advice on Tax ...
Traders Accounting, the largest online resource for day trading advice and tax planning services, announced a new day trading training seminar offering the latest advice on tax planning. This two day seminar is being offered in Irvine, California at the Online Trading Academy on January 24, 2008. The Traders Accounting day trading training seminars are intended for the novice or expert day ... (Mon, 21 Jan 2008 20:30:37 GMT)

Du Quoin Accounting Firm on Just-Passed Tax Law Changes
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. (Mon, 21 Jan 2008 20:32:09 GMT)

Accounting
Experienced accounting personnel needed to work in the KWQC-TV6 business office. Responsibilities include accounts payable, accounts receivable, payroll, and other misc. office duties. Experience with Great Plains, ADP, and OSI a plus. (Mon, 21 Jan 2008 21:19:35 GMT)

Second commentary on ABCP issued by Accounting Standards Board staff
Canadian Accounting Standards Board staff has issued a second commentary to help companies provide a fair presentation of their holdings of Asset-Backed Commercial Paper to investors. (Mon, 21 Jan 2008 22:10:00 GMT)

Rock plans are 'an accounting trick'
Opposition parties have denounced the government's plans for Northern rock as nothing more than an 'accounting trick.' The government is planning to securitise £25bn of Northern Rock's mortgage pile, parceling them out as bonds and taking on some of the risk. (Tue, 22 Jan 2008 11:17:18 GMT)

Rock plans are 'an accounting trick'
Our Parliamentary Correspondent, Accountancy Age , Tuesday 22 January 2008 at 00:00:00 Opposition parties denounce financial engineering proposed by Goldman Sachs Opposition parties have denounced the government's plans for Northern rock as nothing more than an 'accounting trick.' The government is planning to securitise £25bn of Northern Rock's mortgage pile, parceling... > ... (Tue, 22 Jan 2008 11:31:18 GMT)

Dems' accounting falls short
You wouldn't know from the last Democratic presidential debate that the candidates have holes in their spending plans big enough to drive a campaign bus through. (Tue, 22 Jan 2008 21:08:12 GMT)

Paragon Shipping Inc. Changes Policy of Accounting for Drydocking Costs
ATHENS, Greece, Jan. 22, 2008 -- Paragon Shipping Inc. announced today that starting with its fiscal fourth quarter ended December 31, 2007, Paragon Shipping Inc. has elected to change its method of accounting for drydocking costs from the deferral method, under which the Company deferred and amortized its drydocking costs over the estimated period of benefit between drydockings, to the direct ... (Tue, 22 Jan 2008 21:15:00 GMT)

China Yuchai Finishes Accounting Probe
Diesel engine maker China Yuchai International Ltd. said Tuesday it finished investigating a subsidiary's accounting errors for fiscal years 2005 and 2006, and is now determining whether it needs to restate any of its reports. (Tue, 22 Jan 2008 22:11:38 GMT)

All Saints goes in-house with accounting
Fashion retailer buys financials software to cope with growth (Wed, 23 Jan 2008 12:49:50 GMT)

Minneapolis/St. Paul Face Shortage of Qualified Finance and Accounting Professionals in 2008, First SALO Forecast ...
The Twin Cities will likely continue to face a very competitive job market for finance and accounting professionals this year, according to findings from the first comprehensive market study conducted by an independent research company for SALO, LLC. (Wed, 23 Jan 2008 14:13:49 GMT)

Pfizer reports lower quarterly net income due to year-ago gain
BOSTON (MarketWatch) -- Pfizer Inc. reported Wednesday a dramatically lower fourth-quarter net profit, attributable to a massive accounting gain recorded during the year-ago period for the sale of its former consumer-products division. (Wed, 23 Jan 2008 14:16:51 GMT)

Fitch Global Accounting Outlook: Fair Value Measurement Will Dominate Again in 2008
NEW YORK & LONDON----Fitch Ratings expects that fair value measurement will continue as the central accounting focus for analysts and investors, according to its 2008 accounting and financial reporting global outlook report published today. (Wed, 23 Jan 2008 15:16:00 GMT)

Fitch Global Accounting Outlook: Fair Value Measurement Will Dominate Again in 2008
Fitch Ratings expects that fair value measurement will continue as the central accounting focus for analysts and investors, according to its 2008 accounting and financial reporting global outlook report published today. (Wed, 23 Jan 2008 15:37:58 GMT)

Accounting and Consultancy
Law 11.638 of 12/28/2007 makes significant changes to our accounting system regarding companies (S.A.) and economically large entities. (Wed, 23 Jan 2008 17:18:27 GMT)

ACCOUNTING FOR SECURITIZATIONS: A COMPARISON OF SFAS 140 AND IASB 39
This paper examines the accounting for securitizations under US GAAP and international financial reporting standards (IFRS). Using a sample securitization of the Ford Motor Company, we demonstrate substantial differences depending on whether the securitization is recorded following US GAAP or IFRS. Our analysis suggests international convergence of accounting standards will be more challenging ... (Wed, 23 Jan 2008 18:13:43 GMT)

University of Charleston to offers forensic accounting program
A three-day forensic accounting program is being offered this week at the University of Charleston. Successful participants in the program being offered today, Thursday and Friday will receive an "Accredited Fraud Investigator" certificate from the university's Forensic Institute. (Wed, 23 Jan 2008 18:13:47 GMT)

ACCOUNTING FOR EMBEDDED PREPAYMENT OPTIONS
The Accounting Standards Board (AcSB) has issued an Exposure Draft proposing amendments to Section 3855, Financial Instruments â€” Recognition and Measurement. The comment deadline is February 29, 2008.... (Wed, 23 Jan 2008 18:29:35 GMT)

Accounting Firms Make Fortune's '100 Best' List
Jan. 24, 2008 (SmartPros) Large U.S. accounting firms made Fortune's 2008 '100 Best Companies to Work For' list, each for their own respective reasons. (Thu, 24 Jan 2008 04:45:17 GMT)

Fair value measurement is key accounting theme: Fitch
Fitch Ratings says it expects that fair value measurement will continue to be the top accounting issue for analysts and investors in the coming year. (Thu, 24 Jan 2008 14:45:16 GMT)

CALL FOR PAPERS - REVIEW OF ACCOUNTING STUDIES CONFERENCE ON CURRENT TOPICS IN ACCOUNTING RESEARCH
The Editors of the Review of Accounting Studies are pleased to announce a conference on “Current Topics in Accounting Research” to be held at the Fuqua School of Business, Duke University, in Durham, N.C., October 3 – 4, 2008.... (Thu, 24 Jan 2008 16:28:43 GMT)

NAACP official quits over accounting
The interim treasurer of the Greater Harrisburg Area Branch of the NAACP received a standing ovation Thursday night after he resigned, saying he could not conduct the organization's finances without better accounting records. (Fri, 25 Jan 2008 05:35:56 GMT)

Donations accounting costs Hain job
Nicholas Neveling, Accountancy Age , Friday 25 January 2008 at 00:00:00 Work and Pensions resigns over unreported campaign donations Peter Hain yesterday quit his cabinet post as the pressure over accounting for donations to deputy leadership campaign became too much to bear.... > Read the full article (Fri, 25 Jan 2008 10:06:03 GMT)

Retirement Obligations Figure In Changed Accounting Rules
Although it sounds more like a brand of malt liquor or a famous title from F. Scott Fitzgerald, a new government accounting standard called GASB 45 could force Island towns to open their books and set aside tens of millions of dollars in the coming years for post-retirement benefits for employees. (Fri, 25 Jan 2008 11:08:05 GMT)

Donations accounting costs Hain job
Peter Hain yesterday quit his cabinet post as the pressure over accounting for donations to deputy leadership campaign became too much to bear. (Fri, 25 Jan 2008 13:12:18 GMT)

Gainesville accounting practice relocates
GAINESVILLE - William R. Short, CPA, PC announces the relocation of its accounting practice to the Intowne Business Center in Gainesville. Bill Short is the principal of the firm specializing in individual And corporate tax returns as well as general accounting services. (Fri, 25 Jan 2008 13:15:33 GMT)

French government demands answers on rogue trade scandal
The French government demanded a full accounting Friday of how a rogue trader at Societe Generale managed to lose 7.0 billion dollars, as it emerged he gambled on over 53 billion dollars -- more than the bank's current value. (Fri, 25 Jan 2008 15:19:05 GMT)

New York officials expand suit against Countrywide to include banks, accounting firms
New York authorities are suing 26 banks and two accounting firms that did business with Countrywide Financial Corp., saying the companies failed to ensure the beleaguered mortgage company was being honest with investors. (Fri, 25 Jan 2008 23:24:40 GMT)

New York widens Countrywide suit
State prosecutors say 26 banks and two accounting firms failed to keep the mortgage lender honest. (Fri, 25 Jan 2008 23:45:11 GMT)

French government demands answers on rogue trade scandal
The French government demanded a full accounting Friday of how a rogue trader at Societe Generale managed to lose 7.0 billion dollars, as it emerged he gambled on over 73 billion dollars -- more than the bank's current value. (Sat, 26 Jan 2008 02:41:09 GMT)

NY expands Countrywide suit with more defendants
NEW YORK (Reuters) -New York City and state on Friday expanded a shareholder class-action law suit filed against top U.S. mortgage lender Countrywide Financial Corp (CFC.N), naming additional company officers and directors, 26 underwriters and two accounting firms as defendants. (Sat, 26 Jan 2008 07:14:27 GMT)

BOLTON BALLAD OF $$ WOES
Michael Bolton and his associated companies claim his accountants ripped him off to the tune of over $5 million, according to a suit. In a separate suit filed last month in Manhattan Supreme Court, the same accounting firm, Executive Monetary... (Sun, 27 Jan 2008 09:27:35 GMT)

Sorting out Waste Management's prospects
Question: Why haven't my shares of Waste Management Inc. done better? Is it still mixed up in all those accounting problems? (Sun, 27 Jan 2008 09:38:35 GMT)

Best performance by an accounting firm
Hang out with accountants long enough and you'll realize they are wild and crazy. They're the kind of guys who justify claiming a bogus home business on your income taxes, or figure out how Enron can sell energy to itself at a loss. (Sun, 27 Jan 2008 11:45:55 GMT)

SNHU students offer free tax help
Accounting and taxation students at Southern New Hampshire University will once again offer free assistance to people filing basic tax returns. (Sun, 27 Jan 2008 13:06:55 GMT)

Budget-buster
MAYBE Shaquille O'Neal is having his worst NBA season because he's worried about money. An accounting document in the divorce file of Shaq and his wife, Shaunie, obtained by The Palm Beach Post, reveals the Miami Heat star has a routine monthly payout of $875,015 - including $156,116 for mortgages on three homes, $3,345 in phone bills, $1,610 in lawn and pool maintenance, $12,775 for food, ... (Sun, 27 Jan 2008 13:31:15 GMT)

Friendster comes to Manila
The Philippines has the world’s most number of Friendster users, with 10.7 million Filipinos accounting for the 58 million all over the world registered with this online social network. (Sun, 27 Jan 2008 14:51:23 GMT)

Bolton suing over alleged accounting scam
U.S. pop singer Michael Bolton is suing his accountants for allegedly stealing more than $5 million from him and his companies. According to the Vintage singer, the accounting firm Executive Monetary Management allegedly took millions from his associate... (Sun, 27 Jan 2008 22:21:24 GMT)

Bolton suing over alleged accounting scam
U.S. pop singer Michael Bolton is suing his accountants for allegedly stealing more than $5 million from him and his companies. (Sun, 27 Jan 2008 22:28:18 GMT)

Bolton suing over alleged accounting scam
U.S. pop singer Michael Bolton is suing his accountants for allegedly stealing more than $5 million from him and his companies.According to the Vintage singer, the accounting firm Executive Monetary Management allegedly took millions from his associated companies during their business dealings together, the New York Post reported Sunday.Bolton's litigation has prompted an immediate legal ... (Sun, 27 Jan 2008 22:39:17 GMT)

Firms face challenges from SEC accounting ruling
Recently, the U.S. Securities and Exchange Commission (SEC) voted unanimously to allow foreign companies to file financial results using international financial reporting standards (IFRS) without reconciling these figures to U.S. generally accepted accounting principles (GAAP). (Mon, 28 Jan 2008 05:05:57 GMT)

Accounting standards shift will be felt by real estate entities
On Nov. 15, in a continuing effort to attract more stock listings to U.S. exchanges and provide an impetus towards use of international financial reporting standards, the Securities and Exchange Commission voted unanimously to allow certain foreign companies to file financial results using the international standards without reconciling the figures to U.S. generally accepted accounting ... (Mon, 28 Jan 2008 05:06:27 GMT)

Ecobank Asset Management licenses SunGard Asset Arena for investment accounting
SunGard today announced that ECOBANK Asset Management has selected SunGard's Asset Arena Investment Accounting solution to automate its entire ... (Mon, 28 Jan 2008 11:54:30 GMT)

Sant Corporation Selects Intacct for Accounting and Financial Management
Intacct, a leader in on-demand accounting and financial management solutions, today announced that The Sant Corporation has selected Intacct Enterprise as its new financial management system. Intacct will provide Sant with a complete suite of accounting, contract management, revenue recognition, vendor management, financial reporting and business intelligence applications -- all delivered via ... (Mon, 28 Jan 2008 12:30:00 GMT)

Wine Institute and International Partners to Release New Greenhouse Gas Protocol and Accounting Tool for Use by Global ...
The International Wine Industry Greenhouse Gas Accounting Protocol, developed through a partnership between the Wine Institute of California, New Zealand Winegrowers, South Africa's Integrated Production of Wine program, and the Winemakers' Federation of Australia, will soon be released for use by the global wine industry. (Mon, 28 Jan 2008 14:00:00 GMT)

Truth in accounting
If you're planning for retirement, you have more to worry about than your investments. You really should be concerned about what this country will look like in 20 or 30 years, when you're trying to live on a fixed income or a limited pool of assets. (Mon, 28 Jan 2008 14:54:43 GMT)

Tax Analysts at Thomson Tax & Accounting Offer Tips for 2007 Tax Return Filing
Nothing is certain but death, taxes -- and changes in the tax rules. "Even if you took advantage of every tax break available to you in 2006, you may not be aware of some of the new breaks available for 2007," says Harris Abrams, RIA Senior Tax Analyst from Thomson Tax & Accounting. (Mon, 28 Jan 2008 15:00:00 GMT)

FPL Group 4th-Quarter Profit Falls 16 Percent on Accounting Charges
JUNO BEACH, Fla. (AP) - Utility operator FPL Group Inc. said Monday fourth-quarter earnings fell 16 percent, hurt by a bigger accounting charge than a year ago. (Mon, 28 Jan 2008 16:38:02 GMT)

FUNDAMENTALS OF INTERMEDIATE ACCOUNTING: PRINCIPLES AND ANALYSIS, 2ND EDITION
Intermediate Accounting: Principles and Analysis, 2nd Edition, provides a solid foundation for instructors whose goal is to help accounting students to build an understanding of the principles, concepts, and methods of financial accounting and reporting. (Mon, 28 Jan 2008 17:18:02 GMT)

Waukesha accounting firm changes name
Stephen C. VanderBloemen, CPA, announced today that the name of his Waukesha-based certified public accounting firm has been changed from from VanderBloemen Rodrigues to The VanderBloemen Group, LLC. (Mon, 28 Jan 2008 18:36:59 GMT)

Pantry Inc. Accounting Exec Sells Stock
The principal accounting officer of Pantry Inc., a convenience-store operator, exercised options for and sold 18,667 shares of stock, according to a Securities and Exchange Commission filing Friday. (Mon, 28 Jan 2008 19:11:51 GMT)

Taiwan-based CF maker Sintek to report losses in 2007 due to change in accounting methods
A change in the accounting method of Taiwan-based color filter (CF) maker Sintek Photronic will lead the company to swing from profits to net losses of NT$2.6 billion (US$81 million) for the year of 2007, according to today's Chinese-language Commercial Times. (Tue, 29 Jan 2008 04:45:21 GMT)

Accounting group focuses on future
While many students will spend tomorrow night watching their favorite TV shows, hanging out with friends, or out celebrating 'hump day,' members of the Penn State Accounting Society will be handing over resumes and signing up for jobs. (Tue, 29 Jan 2008 06:06:40 GMT)

R.H. Donnelley Appoints R. Barry Sauder as Vice President, Corporate Controller and Chief Accounting Officer
R.H. Donnelley , a leading print and online local search company, today announced the appointment of R. Barry Sauder as vice president, corporate controller and chief accounting officer. (Tue, 29 Jan 2008 13:26:00 GMT)

R.H. Donnelley hires accounting head
Yellow-pages company R.H. Donnelley has named a new corporate controller and chief accounting officer, it said Tuesday. (Tue, 29 Jan 2008 14:37:45 GMT)

Accounting firm Silver, Lerner, Schwartz & Fertel named one of Top Ten in Midwest by Goldline Research
SKOKIE, Ill.----Accounting firm Silver, Lerner, Schwartz & Fertel is pleased to announce it has been named one of the "Ten Most Dependable Accounting Professionals of the Midwest" by Goldline Research, an independent research company. (Tue, 29 Jan 2008 15:15:00 GMT)

Newsday circulation case may get accounting expert
A federal prosecutor yesterday said the government may hire an accounting expert to independently assess how much money advertisers in Newsday and its former sister Spanish-language publication, Hoy, lost as a result of the newspapers' circulation scandal. (Wed, 30 Jan 2008 00:36:58 GMT)

When Accounting For The Global Nitrogen Budget, Don't Forget Fish
Commercial fisheries play an important but declining role in removing terrestrial nitrogen from coastal waters. Accounting for this withdrawal is crucial; terrestrial-derived nitrogen can stimulate coastal phytoplankton growth, leading to eutrophication. (Wed, 30 Jan 2008 02:33:33 GMT)

Wine Institute and International Partners to Release New Greenhouse Gas Protocol and Accounting Tool
The International Wine Industry Greenhouse Gas Accounting Protocol, developed through a partnership between the Wine Institute of California, New Zealand Winegrowers, South Africa's Integrated Production of Wine program, and the Winemakers' Federation of Australia, will soon be released for use by the global wine industry. (Wed, 30 Jan 2008 05:23:19 GMT)

The Adviser / Accounting should form basis for any business record-keeping
Accounting - often called the language of business - is the process of recording, classifying, reporting and analyzing financial data. And while the accounting requirements of every business vary, all organizations need a way to keep track of their money.... (Wed, 30 Jan 2008 08:23:16 GMT)

FBI launches probe into sub-prime accounting
A probe in sub-prime accounting has been launched by the Federal Bureau of Investigation. (Wed, 30 Jan 2008 09:41:48 GMT)

American Dairy engages Grant Thornton as public accounting firm
American Dairy has engaged Grant Thornton, the Hong Kong member firm of public accounting company Grant Thornton International, as its new independent public accounting firm. (Wed, 30 Jan 2008 11:01:58 GMT)

FBI Probes Subprime Accounting
Washington — The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with home (Wed, 30 Jan 2008 11:16:44 GMT)

Accounting error pares Fair profit
Turns out the 2007 Colorado State Fair didn't fare so well, after all. General Manager Chris Wiseman said Tuesday that an accounting error was made and the 11-day summer expo actually made about half of what it previously reported. In October, the Fair reported a $304,399 profit increase from the 2006 event, but, Wiseman said a deposit was entered twice by mistake. "I'm sorry it happened ... (Wed, 30 Jan 2008 12:08:36 GMT)

Berlusconi cleared of false accounting
A Milan court today cleared former Prime Minister Silvio Berlusconi on a charge of false accounting relating to the sale of the SME state food conglomerate in the 1980s, before the media magnate entered politics. (Wed, 30 Jan 2008 12:26:49 GMT)

Berlusconi Acquitted After Decriminalizing False Accounting
Jan. 30 (Bloomberg) -- Former Italian Prime Minister Silvio Berlusconi was acquitted on charges of false accounting at his holding company Fininvest SpA after his government voted to decriminalize the charges in 2002. (Wed, 30 Jan 2008 13:54:41 GMT)

Judge: Feds 'Unreasonably Delayed' Indian Trust Accounting
A federal judge on Wednesday ruled that the Interior Department has "unreasonably delayed" its accounting for billions of dollars owed Indian trust funds in oil, gas, timber and other royalties. (Thu, 31 Jan 2008 00:55:22 GMT)

Native American trust fund accounting botched by U.S.
Ruling says Department of the Interior failed its accounting responsibilities for billions in royalties owed to American Indians. (Thu, 31 Jan 2008 01:00:01 GMT)

U.S. flunks Indian 'accounting test'
A federal judge ruled Wednesday that the Interior Department is unable to complete an accounting of billions of dollars owed to Indian landholders across the country. (Thu, 31 Jan 2008 07:24:37 GMT)

New rules to shake up accounting for pensions
Penny Sukhraj, Accountancy Age , Thursday 31 January 2008 at 00:00:00 Companies are set to oppose new rules which could see higher pension deficits and assets and liabilities reported in periods they arise, instead of forward spreading Sweeping changes around accounting for pension could result companies pension liabilities massively increasing following suggestions that assets and ... (Thu, 31 Jan 2008 08:50:58 GMT)

Judge: Interior unreasonably delayed Indian trust accounting
WASHINGTON - A federal judge on Wednesday ruled that the Interior Department has "unreasonably delayed" its accounting for billions of dollars owed to American Indian landholders. (Thu, 31 Jan 2008 08:53:39 GMT)

Epcos First-Quarter Profit Jumps on Sales, Accounting (Update1)
Jan. 31 (Bloomberg) -- Epcos AG, the German maker of electronic components for Nokia Oyj and Siemens AG, said first- quarter profit jumped, helped by higher sales to industrial and automotive customers and as it switched accounting principles. (Thu, 31 Jan 2008 09:05:01 GMT)

Newspaper honors accounting program
A survey by the Financial Times has named the graduate accounting program in the University of Iowa's Tippie School of Management as one of the world's top 10. (Thu, 31 Jan 2008 09:30:05 GMT)

Former accounting clerk sentence for embezzling
WHEATON, Ill. (AP) - A former accounting clerk for a suburban Chicago company was sentenced Wednesday to 11 years in prison for embezzling more than $1 million. (Thu, 31 Jan 2008 10:26:20 GMT)

Interior 'unreasonably delayed' Indian trust accounting
WASHINGTON — A federal judge Wednesday ruled that the Interior Department has "unreasonably delayed" its accounting for billions of dollars owed to Indian landholders. (Thu, 31 Jan 2008 12:05:00 GMT)

Ex-accounting clerk sentenced for embezzling more than $1 million
A former accounting clerk was sentenced Wednesday to 11 years in prison for looting an Addison manufacturer of more than $1 million, which she used to feed a gambling addiction and buy diamonds and flat-screen TVs. (Thu, 31 Jan 2008 12:08:14 GMT)

Thermadyne names Schumm accounting officer
Thermadyne Holdings Corp. appointed Steven Schumm as the company's principal accounting officer in addition to his role as principal financial officer, according to a regulatory filing Thursday with the Securities and Exchange Commission. (Thu, 31 Jan 2008 20:41:42 GMT)

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