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Fannie Mae, Freddie Mac get accounting warning
With the cleanup of $11 billion in accounting errors barely out of their rear-view mirror, Fannie Mae and Freddie Mac are getting a new warning about how they keep their books. (FNM) (FRE) (Tue, 22 Apr 2008 17:24:13 GMT)
Fannie Mae, Freddie Mac get accounting warning
With the clean up of $11 billion in accounting errors barely out of their rear view mirror, Fannie Mae and Freddie Mac are getting a new warning about how they keep their books. (FNM) (FRE) (Tue, 22 Apr 2008 19:34:38 GMT)
Assured Guaranty Ltd. Announces Reclassification in Conformance with New Industry Accounting Presentation for Credit ...
Assured Guaranty Ltd. (NYSE:AGO)("Assured" or the "Company") today announced that effective the quarter ended March 31, 2008, it will reclassify the revenues and expenses under U.S. Generally Accepted Accounting Principles ("US GAAP") associated with financial guaranty contracts that the Company's financial guaranty subsidiaries write in the form of credit default swap ("CDS") contracts. This ... (Tue, 22 Apr 2008 21:59:29 GMT)
Roadmap for Private Company Accounting Standards to Be Addressed
Apr. 23, 2008 (SmartPros) The Private Company Financial Reporting Committee will meet Thursday and Friday in San Diego to address the roadmap for private company accounting standards. (Wed, 23 Apr 2008 05:01:03 GMT)
Precision Aviation Group Appoints VP Accounting & Finance
ATLANTA, April 21 -- Precision Aviation Group (PAG) has appointed Renee Skinner, CPA, Vice President - Accounting & Finance, and CFO of its operating subsidiaries. (Wed, 23 Apr 2008 05:03:50 GMT)
Accounting firms get creative in order to retain women
Stacy Pavlick works a flexible, part-time schedule at the accounting giant KPMG, and will throttle up to full-time after she gets her MBA from Montclair State University this summer. She's convinced the firm will offer her a flexible schedule again, later on -- when she's ready to start a family. (Wed, 23 Apr 2008 10:05:43 GMT)
Accounting Senior Manager
Manages accounting functions and preparation of reports and statistics detailing financial results. Establishes and maintains accounting practices to ensure accurate and reliable data necessary for business operations. (Wed, 23 Apr 2008 10:09:24 GMT)
Fannie Mae, Freddie Mac get accounting warning
With the cleanup of $11 billion in accounting errors barely out of their rearview mirror, Fannie Mae and Freddie Mac are getting a new warning about how they keep their books. (FNM) (FRE) (Wed, 23 Apr 2008 14:54:10 GMT)
Fannie Mae, Freddie Mac get accounting warning
With the clean up of $11 billion in accounting errors barely out of their rear view mirror, Fannie Mae and Freddie Mac are getting a new warning about how they keep their books. (FNM) (FRE) (Wed, 23 Apr 2008 15:28:18 GMT)
Gift to create accounting professorship at University of Central Missouri
University of Central Missouri alumni and accounting firm BKD LLP have pledged a six-year, $250,000 contribution to create the BKD Distinguished Accounting Professorship. It will be the first distinguished professorship in the university’s School of Accountancy. (Wed, 23 Apr 2008 15:43:15 GMT)
The Advantages of Using a Good Inventory and Accounting Software Package
Your small business can grow large with the help of a good inventory and accounting package. Using this software, you can increase your profits while at the same time reducing the amount of time you spend on accounting and related tasks. (Wed, 23 Apr 2008 16:06:17 GMT)
Occam live with Tradar portfolio management and accounting platform
Occam Asset Management LLP has recently installed Insight, Tradar's comprehensive portfolio management and accounting platform. (Wed, 23 Apr 2008 16:11:46 GMT)
NRG Energy VP, Chief Accounting Officer James J. Ingoldsby exercises options for 7,000 shares
WASHINGTON (AP) - The vice president and chief accounting officer of power producer NRG Energy Inc. exercised options for 7,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing. (Wed, 23 Apr 2008 17:16:43 GMT)
Delta, Northwest report large losses on massive accounting charges
MINNEAPOLIS (AP) - Massive accounting charges and high jet fuel prices are to blame for billions of dollars in losses for Northwest and Delta airlines. (Wed, 23 Apr 2008 19:09:07 GMT)
Former Le-Nature's accounting director pleads guilty
The former director of accounting for the now-defunct bottled drinks maker Le-Nature's Inc. has pleaded guilty to fraud, conspiracy and tax charges. (Thu, 24 Apr 2008 21:24:19 GMT)
Don't blame accounting rules for financial crisis: top accountant
TORONTO - Mark-to-market accounting rules, also known as fair-value accounting, are not to blame for the global financial sector crisis, the world's top accountant said Thursday. (Thu, 24 Apr 2008 22:58:10 GMT)
U.S. Accounting Renews Agreement With Canada, Mexico
April 25, 2008 (SmartPros) The American Institute of Certified Public Accountants and National Association of State Boards of Accountancy have renewed a trilateral mutual recognition agreement with professional accounting bodies in Canada and Mexico. (Fri, 25 Apr 2008 05:00:55 GMT)
Mountain View could appeal ruling on accounting firm suit
Now that a San Francisco judge has denied Mountain View a new trial against its one-time accounting firm, the city council may decide whether the case will proceed to the state appeals court. (Fri, 25 Apr 2008 05:45:29 GMT)
County officials: Most accounting errors found during audit corrected
County officials said Thursday the majority of the 14 deficiencies outlined in the state's annual audit of Montgomery County's 2006 fiscal year were systematic errors that have since been corrected. (Fri, 25 Apr 2008 10:14:26 GMT)
SCC to offer accounting degree
Seminole Community College is adding an associate degree in accounting technology, which is the college's fourth business associate degree. (Fri, 25 Apr 2008 12:45:21 GMT)
US: Le-Nature's former accounting director pleads guilty - report
The now-defunct beverage manufacturer Le-Nature’s former director of accounting has pleaded guilty to fraud, conspiracy and tax charges, according to reports. (Fri, 25 Apr 2008 14:17:35 GMT)
Arch Coal confirms new CFO, names new accounting chief and controller
As expected, Arch Coal Inc. named John Drexler its new senior vice president and chief financial officer replacing Robert Messey, who is retiring April 30. Drexler, who takes his new post that date, is currently the company's vice president of finance and accounting. (ACI) (Fri, 25 Apr 2008 16:55:55 GMT)
DERIVATIVES TO COME UNDER NEW ACCOUNTING NORMS
By TANU PANDEY: The word ‘derivatives’ has always brought forth some kind of fear among people mainly because these products are quite unknown to many and also because they have gained a bad reputation because of speculators use these instruments in high-stake attempts to reap profits. (Sat, 26 Apr 2008 05:53:23 GMT)
Oak Point City Manager resigns, police investigating accounting irregularities
Oak Point City Manager Richard Martin resigned Monday. Martin was not present at an emergency City Council meeting held Friday or at the regular city council meeting Monday night. Martin said he had submitted his resignation, and as far as he knew, the council had accepted it. (Sat, 26 Apr 2008 05:55:22 GMT)
The Bank Holdings Reports 11% Increase in Net Income (3º)
23/04/2008 22:37:00 Business Wire of 2008 when compared to the same period of 2007, a reduction of 7.03%. An increase of $220,000 in accounting and legal costs was offset by reductions in occupancy, advertising and marketing, and other costs. (Sat, 26 Apr 2008 14:18:54 GMT)
SCANA Reports Financial Results for First Quarter 2008 (3º)
24/04/2008 11:30:00 Business Wire US02341Q2057 regulated and diversified subsidiaries; (7) the results of financing efforts; (8) changes in SCANA s or its subsidiaries accounting rules and accounting policies; (9) the effects of weather, including drought, especially in areas where the Company s generation and transmission facilities are located and in areas served by SCANA s subsidiaries; (10) ... (Sun, 27 Apr 2008 08:04:04 GMT)
18-year-old to challenge Rep. Liias
Andrew Funk, who is studying accounting and business at Edmonds Community College, plans to run as a Republican against Rep. Marko Liias, D-Mukilteo. Funk, 18, said he was getting discouraged that no one in the Grand Old Party stepped forward in the 21st Legislative District so he decided he would. (Sun, 27 Apr 2008 10:33:25 GMT)
1-800-FLOWERS.COM(R) Reports Strong EBITDA and EPS Growth on Revenues (8º)
of $219.6 Million for Its Fiscal 2008 Third Quarter 24/04/2008 12:12:00 Business Wire US0962311058 *T -0- *T (*)Corporate expenses consist of the Company s enterprise shared service cost centers, and include, among other items, Information Technology, Human Resources, Accounting and Finance, Legal, Executive and Customer Service Center functions, as well as Share- Based Compensation. (Sun, 27 Apr 2008 11:18:16 GMT)
Congressional Dems Probe the State of Minority Owned Businness
Minority-owned companies in the US generate sales totaling $694 billion a year, fifty percent of all small businesses are started by immigrants and minorities accounting for sixty percent of the new jobs created each year. (Sun, 27 Apr 2008 14:03:30 GMT)
ACCOUNTING INFORMATION SYSTEMS: CONTROLS AND PROCESSES
Recognizing the importance of accounting information systems and internal controls in today’s business environment, this new book makes the world of systems and controls accessible to today’s student. (Sun, 27 Apr 2008 23:13:32 GMT)
Crisis essentially accounting problem
Investors are in for nasty shocks over the coming weeks when they see the lousy, and even negative, returns from a wide range of funds, especially those specialising in fixed- interest and shares. These could include some KiwiSaver funds. (Mon, 28 Apr 2008 00:18:57 GMT)
L.A. pension-payment delay plan called accounting gimmick
A proposal to delay an $81-million payment to the city's employee pension fund until next year is drawing criticism. Los Angeles Mayor Antonio Villaraigosa's plan to balance the city's $7-billion budget is filled with ideas that are starting to draw heat from the public: cuts in Sunday library hours, mandatory employee furloughs and a 38% hike in trash fees, to name a few. (Mon, 28 Apr 2008 07:18:29 GMT)
Tax Authority nominee must sell accounting practice
The search committee now investigates candidates before nominating them. (Mon, 28 Apr 2008 09:15:12 GMT)
System Developer Access Admits Accounting Irregularities
Tokyo, Apr 28, 2008 (Jiji Press) - Japanese computer system development firm Access Co. said Monday it has detected improperly booked sales for fiscal 2004. (Mon, 28 Apr 2008 11:36:21 GMT)
Fortified Holdings Appoints Kirk Hanson as CFO and Helen Tallaksen as Principal Accounting Officer
Fortified Holdings Corp. ("Fortified" or the "Company") is pleased to announce the appointment of Kirk Hanson as Chief Financial Officer and Helen Tallaksen as Principal Accounting Officer. (Mon, 28 Apr 2008 12:00:00 GMT)
American CareSource Holdings Appoints Matthew Thompson Controller and Principal Accounting Officer
American CareSource Holdings, Inc. today announced that Matthew Thompson has joined the Company in the position of Controller and Principal Accounting Officer, effective immediately. Mr. (Mon, 28 Apr 2008 12:05:00 GMT)
Legal/Accounting Software promotes collaboration, redaction.
Integrated with Interwoven® WorkSite®, Brava!® Desktop provides single viewing and collaboration interface for any file format. Full range of annotation tools are standard, and files can be published with embedded Visual Rights(TM) technology, letting users apply additional layers of security. Also integrated with Interwoven WorkSite, Redact-It(TM) Desktop intelligently removes sensitive content ... (Mon, 28 Apr 2008 12:49:35 GMT)
Southern Telecom reduces Q1 earnings 21%
MOSCOW. April 28 (Interfax) - Southern Telecommunications (RTS: KUBN), the incumbent fixed line provider in the Southern Federal District of Russia, reduced net profit to Russian accounting standards 21.1% year-on-year in the first quarter of 2008. (Mon, 28 Apr 2008 13:08:40 GMT)
KPIT Cummins seeks clarity on forex accounting
MUMBAI, April 28 - Software services firm KPIT Cummins Ltd hopes to announce its quarterly and annual results in three weeks, by when it expects to get clarity on the accounting of mark-to-market losses on foreign exchange derivatives. (Mon, 28 Apr 2008 14:10:54 GMT)
CPA firms flexible in hiring women
Stacy Pavlick works a flexible, part-time schedule at the accounting giant KPMG, and she will throttle up to full time after she gets her MBA from Montclair State University in New Jersey this summer. (Mon, 28 Apr 2008 14:22:18 GMT)
The Financial Accounting Standards Board and the China Accounting Standards Committee Sign Memorandum of Understanding
NORWALK, Conn.----The Financial Accounting Standards Board and the China Accounting Standards Committee have issued a Memorandum of Understanding articulating their commitment to strengthen cooperation and communication between the two standards-setting organizations. (Mon, 28 Apr 2008 15:10:00 GMT)
FASB, China Accounting Standards Agree To Improve Communication
The Financial Accounting Standards Board and the China Accounting Standards Committee agreed to increase communication between the two countries. The two organizations signed a memorandum of understanding, pledging to regularly exchange information and help facilitate a move into global standards. (Mon, 28 Apr 2008 15:51:28 GMT)
US, China Accounting Standards Groups to Cooperate
Accounting standard setters for the United States and China have signed an agreement designed to strengthen cooperation and communication between the two countries, the Financial Accounting Standards (Mon, 28 Apr 2008 17:59:12 GMT)
JB Hunt Transport chief accounting officer exercises options
The senior vice president of finance, controller and chief accounting officer of J.B. Hunt Transport Services Inc. exercised options for 16,000 shares of common stock, according to a Securities and Exchange Commission filing. (Mon, 28 Apr 2008 19:29:18 GMT)
Rollins Accounting & Inventory Services, Inc. Appoints President
Rollins Accounting & Inventory Services, Inc., one of the leading accounting firms in the nation working solely as an advocate for property insurance policyholders, has recently appointed Hayes M. (Mon, 28 Apr 2008 20:47:00 GMT)
Better disclosure required for fair value accounting: Fitch
Financial services companies should not stop accounting for assets at fair value in illiquid markets, but better disclosure is required as to the rationale, assumptions and sensitivities behind these valuations, argues Fitch Ratings in a special report published today. (Mon, 28 Apr 2008 21:09:50 GMT)
Access admits accounting flaws
OSAKA (Kyodo) Access Co. admitted Monday that accounting irregularities have been found for the year ended March 2005 and its president was stepping down to take responsibility. Read more ... (Mon, 28 Apr 2008 21:19:32 GMT)
Field trip takes accounting class to Lambeau
35 Evansville High School students take a field trip to Lambeau Field to connect accounting to athletics. (Tue, 29 Apr 2008 13:21:59 GMT)
Upcoming UWSP workshop on accounting
Improving the understanding of financial information and its impact is the focus of an upcoming May workshop offered in Wausau by Continuing Education at the University of Wisconsin-Stevens Point. Finance and Accounting for the Non-financial Manager, a two-day workshop sponsored by the Small Business Development Center at UWSP, will be held at the new Center for Leadership Excellence and ... (Tue, 29 Apr 2008 17:40:12 GMT)
ACCOUNTING COURSE TO OPEN UP NEW AVENUES
The Times of India is reporting that Institute of Chartered Accountants of India (ICAI), will offer a new two-year 'accounting technician' course to prepare students for mid-tier positions in the accounting field.... (Tue, 29 Apr 2008 23:13:23 GMT)
Belo Posts Lost After Spinning Off Newspapers
The television station and cable company, reported a loss on Tuesday for the first quarter after accounting for the spinoff of four newspapers. (Wed, 30 Apr 2008 04:14:16 GMT)
Echelon Identifies Additional Prior Year Lease-Related Accounting Error
SAN JOSE, Calif.----Echelon Corporation reported today that, in conjunction with the process of restating its previously filed financial statements for an error in its non-cash equity compensation expenses, KPMG LLP, the Company's independent registered public accounting firm, brought to management's attention that the Company inappropriately accounted for the leases for its corporate ... (Wed, 30 Apr 2008 12:55:00 GMT)
Echelon to restate financials over accounting error
Echelon Corp. said Wednesday it will restate past financial statements to correct an acounting error involving the leases for its corporate facilities signed in 1999 and 2001. (ELON) (Wed, 30 Apr 2008 13:50:47 GMT)
Atlantic Fund Administration selects SunGard Asset Arena for investment accounting
SunGard today announced that Atlantic Fund Administration LLC (Atlantic) has selected SunGard's Asset Arena Investment Accounting solution, as an ASP ... (Wed, 30 Apr 2008 16:29:57 GMT)
Echelon Identifies Additional Prior Year Lease-Related Accounting Error
Echelon Corporation (NASDAQ:ELON) reported today that, in conjunction with the process of restating its previously filed financial statements for an error in its non-cash equity compensation expenses, KPMG LLP, the Company's independent registered public accounting firm, brought to management's attention that the Company inappropriately accounted for the leases for its corporate headquarters ... (Wed, 30 Apr 2008 16:57:12 GMT)
Echelon finds more accounting errors related to leases
Echelon Corp., which makes industrial control systems and software, said Wednesday it found additional accounting errors related to leases for its corporate headquarters and will have to restate finances as a result. (Wed, 30 Apr 2008 17:53:09 GMT)
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