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You can count on them: Lufkin High School makes its first team appearance at state accounting competition
Lufkin High School accounting teacher Janice Holcomb is becoming a familiar face at the state UIL competition in Austin. She will be making her sixth trip as a coach to the state meet this weekend, after her accounting team steam-rolled through the district and regional rounds. The Lufkin team recorded the second-best overall score in the state, with Ann Geiger scoring a state-best 409 out of ... (Thu, 01 May 2008 04:05:25 GMT)

The Financial Accounting Standards Board and the China Accounting . Standards Committee Sign Memorandum of Understanding
Standards Committee Sign Memorandum of Understanding 28/04/2008 15:10:00 Business Wire The Financial Accounting Standards Board (FASB) and the China Accounting Standards Committee (CASC) have issued a Memorandum of Understanding (MOU) articulating their commitment to strengthen cooperation and communication between the two standards-setting organizations. (Thu, 01 May 2008 06:03:07 GMT)

Cigna Net Falls 80% on Retirement Business Accounting (Update1)
May 1 (Bloomberg) -- Cigna Corp. , the U.S. insurer that specializes in employer-sponsored health benefits, said first- quarter profit dropped 80 percent because of a new accounting rule for a discontinued retirement-income business. (Thu, 01 May 2008 10:23:15 GMT)

Accounting change to knock Japan Tobacco profit
TOKYO, May 1 - Japan Tobacco Inc , the world's third-largest cigarette maker, booked a 9 percent gain in quarterly operating profit on expanding sales outside its shrinking home market, but forecast a 28 percent fall this year due to an accounting change, its first drop in eight years. (Thu, 01 May 2008 11:31:23 GMT)

Cigna Net Falls 80% on Retirement Business Accounting (Update3)
May 1 (Bloomberg) -- Cigna Corp. , the U.S. insurer that specializes in employer-sponsored health benefits, said first- quarter profit plunged 80 percent because of a new accounting rule for a discontinued retirement-income business. (Thu, 01 May 2008 11:53:08 GMT)

SEC Charges McCann-Erickson Worldwide With Accounting Fraud
Washington, D.C., May 1, 2008 — The Securities and Exchange Commission today filed enforcement actions against global advertising network McCann-Erickson Worldwide, its parent company, and two former executives for their roles in an accounting fraud involving intercompany transactions. (Thu, 01 May 2008 14:07:49 GMT)

Cigna Net Falls 80% on Retirement Business Accounting (Update5)
May 1 (Bloomberg) -- Cigna Corp. , the U.S. insurer that specializes in employer-sponsored health benefits, said first- quarter profit plunged 80 percent because of a new accounting rule for a discontinued retirement-income business. (Thu, 01 May 2008 15:23:18 GMT)

Advertising Firm Settles Accounting Claims
McCann-Erickson Worldwide agreed to pay a $12 million fine to resolve federal regulators? claims of civil accounting fraud in transactions with its parent, Interpublic. (Thu, 01 May 2008 16:43:17 GMT)

Capital Bank's chief accounting officer resigns
Capital Bank is seeking a new chief accounting officer to replace Lyn Hittle, who submitted her resignation after eight months on the job. (Thu, 01 May 2008 20:42:38 GMT)

Ericsson says talk of accounting error groundless
Telecom equipment maker Ericsson said on Friday market talk that it had made an accounting error was "groundless". "There are rumours, probably somebody trying to move the share," said Ericsson spokeswoman Ase Lindskog. (Fri, 02 May 2008 09:44:32 GMT)

02 Process Manufacturing Software: Mixed Mode Manufacturing Accounting Software System
Finally, a new dimension in Accounting & ERP software has been discovered with the release of the 02 Process Manufacturing system designed exclusively for Sage MAS 500 ERP Accounting software. The capabilities of this comprehensive formula management, production and accounting solution presents an ideal option for business owners in the food, beverage, rubber, chemical, fragrances and petroleum ... (Fri, 02 May 2008 10:07:45 GMT)

Independent accounting firm to audit PKFZ
PUTRAJAYA: New Port Klang Authority chairman Datuk Lee Hwa Beng will appoint an independent accounting firm to conduct an overall audit on the Port Klang Free Zone (PKFZ) project. (Fri, 02 May 2008 11:19:19 GMT)

Agency Pays $12 Million to Settle Accounting Case
The Interpublic Group agreed to pay the fine to settle a Securities and Exchange Commission investigation into its accounting practices. (Fri, 02 May 2008 12:36:59 GMT)

Lifting the Lid: Accounting Rulemakers to Speed Up Convergence
Get ready for a flurry of new accounting rules. U.S. and foreign accounting rulemakers will soon debut a new plan to speed up the convergence of international and U.S. accounting rules, with the ai (Fri, 02 May 2008 13:59:13 GMT)

Accounting principle to cost county millions
It's an issue of pay now or pay later. Either way, a new accounting principle will cost Allegany County government millions as it works to play catch up. (Fri, 02 May 2008 14:14:11 GMT)

INDEPENDENT ACCOUNTING COMPANY TO AUDIT PKFZ FINANCIAL STATUS
PUTRAJAYA, May 2 (Bernama) -- An independent accounting firm will be appointed next week to audit the financial status of the Port Klang Free Zone to give it a new footing, Transport Minister Datuk Ong Tee Keat said. (Fri, 02 May 2008 14:19:57 GMT)

Accounting rulemakers to speed up convergence
NEW YORK/WASHINGTON (Reuters)—Get ready for a flurry of new accounting rules. (Fri, 02 May 2008 18:11:10 GMT)

Capital Bank chief accounting officer to step down
Capital Bank announced that Lyn Hittle, its senior vice president and chief accounting officer, has notified her intention to resign from her positions in order to pursue a new opportunity. (Sat, 03 May 2008 01:28:15 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. (Sun, 04 May 2008 06:02:35 GMT)

Business people / Hires, Promotions & Honors
Gaines Kriner Elliott, an Amherst-headquartered certified public accounting firm, named Michael T. Vanderwerf, Michael D. Jozwiak, Jeffrey H. Couchman and Denise M. Neamon partners. Jozwiak and Vanderwerf joined the firm as a result of the merger with J. D. Elliott and Co. in 2004. Jozwiak, a graduate of the University at Buffalo, has more than 30 years of accounting experience. Vanderwerf is a ... (Sun, 04 May 2008 10:49:01 GMT)

Moscow Efes Brewery sees net losses soar 260% in Q1
MOSCOW. May 4 (Interfax) - The Moscow Efes Brewery, owned by Efes Breweries International, saw its net losses under Russian accounting standards (RAS) expand 260% to 376 million rubles in the first quarter of 2008 from 104.1 million rubles in the same period of 2007, the company said in a statement. (Sun, 04 May 2008 13:53:40 GMT)

MCTC, small business development center offer accounting workshops
QUICKBOOKS WORKSHOP: The West Virginia Small Business Development Center at Marshall Community and Technical College will offer an Accounting with QuickBooks workshop from 6 p.m. to 9 p.m. Monday and Tuesday, May 19 and 20, at 348 15th St., Huntington. (Mon, 05 May 2008 03:42:52 GMT)

Accounting for succession
Auditor Tom Akin has hit his stride. At 53, he is one of four senior partners in Akin, Doherty, Klein & Feuge, a 30-person, San Antonio public accounting firm that handles a big chunk of local public company work. (Mon, 05 May 2008 04:23:45 GMT)

Canadian accounting-standards changes are sign of the times
Canada recently announced that it will be changing its accounting standards in 2011. (Mon, 05 May 2008 04:55:36 GMT)

Taiwanese Annual Inflation Eases In April
(RTTNews) - Taiwanese annual inflation eased to 3.86% in April from 3.95% in March, while expectation was 3.75%, the Directorate General of Budget, Accounting and Statistics reported Monday. (Mon, 05 May 2008 08:52:04 GMT)

Fraud trial set to begin for Drabinsky, Gottlieb
Garth Drabinsky and Myron Gottlieb will go on trial Monday over allegations of accounting irregularities in connection with their former theatre company, Livent. (Mon, 05 May 2008 12:09:06 GMT)

Public cos in Israel stick with big accounting firms
The top five CPA firms audit 90% of Israel's public companies. (Mon, 05 May 2008 12:30:34 GMT)

Accounting/ERP System integrates document management.
DEACOM Integrated Accounting and Enterprise Resource Planning (ERP) Software System is available with DEACOM document linker, which allows manufacturers to link unlimited number of transactional documents to their corresponding transactions using barcodes. Document linker lets users instantly view all linked documents for given transaction within one ERP system, designed to integrate business ... (Mon, 05 May 2008 13:04:26 GMT)

Out of the Gate: American Capital slides after downgrade
Shares of American Capital Strategies Ltd. dropped Monday morning after an analyst downgraded the investment company, saying the impending implementation of a new accounting rule may harm 2008 earnings. (Mon, 05 May 2008 13:46:07 GMT)

Sikich Technology Division Ranks #15 in Accounting Technology's 2008 Top 100
Sikich has been ranked 15th in Accounting Technology's Top 100 Value Added Reseller list with revenue totaling over $16.12 million in 2007, an increase of just under 11%. (Mon, 05 May 2008 14:10:00 GMT)

Jenkintown accounting firm in merger
Goldenberg Rosenthal LLP, a Jenkintown accounting firm with 21 partners and 125 staff members, merged with Edison, N.J.-based Amper, Politziner & Mattia, creating a firm with 84 partners, 600 employees and annual revenue of $113 million. (Mon, 05 May 2008 16:02:53 GMT)

Former Broadway theater producers plead not guilty to accounting fraud in Canada
TORONTO - Two former Broadway producers pleaded not guilty Monday to participating in large-scale accounting fraud. (Tue, 06 May 2008 01:54:49 GMT)

3 area accounting firms acquired, will unite
Three Jackson-area firms are uniting under the umbrella of one of the nation's 10 largest accounting firms, Springfield, Mo.-based BKD. (Tue, 06 May 2008 06:12:59 GMT)

Former securities chief lands a job with accounting firm
The embattled former director of the Utah Division of Securities is taking a job with a Miami-based forensic accounting firm. (Tue, 06 May 2008 06:28:43 GMT)

‘Ragtime’ producers deny accounting fraud
AccountancyAge.com, Accountancy Age , Tuesday 6 May 2008 at 08:00:00 Former Broadway producers deny they have participated in large-scale accounting fraud Former Broadway producers Garth Drabinsky and Myron Gottlieb have been charged with two counts of fraud and one count of forgery.... > Read the full article (Tue, 06 May 2008 07:25:32 GMT)

Mississippi accounting firms to combine with BKD
Three Jackson, Miss.-based accounting firms are combining with Springfield-based BKD LLP, BKD said Monday. (Tue, 06 May 2008 08:06:04 GMT)

Business: Weickgenant Accounting turns 50
Numbers are his stock in trade, but Jim Weickgenant said it's the people behind the numbers who matter. Last month his family's accounting firm celebrated its 50th anniversary, a legacy built on client relationships. "It all comes back to people working with people," Weickgenant said. "It's not all about the numbers." The firm has grown steadily since his father Peter launched it from his ... (Tue, 06 May 2008 11:03:19 GMT)

Wiley-Blackwell to Publish Australian Accounting Review
Wiley-Blackwell, the scientific, technical, medical and scholarly publishing business of John Wiley & Sons, Inc (NYSE: JWa), (NYSE: JWb), today announced its partnership with CPA Australia for the publication of the Australian Accounting Review. (Tue, 06 May 2008 13:08:20 GMT)

Chris Senyek Joins ISI to Head Its New Accounting & Tax Policy Research Team
ISI, an investment research firm, broker-dealer and fund manager, announced today that Chris Senyek has joined the firm as a managing director and head of Accounting & Tax Policy research. (Tue, 06 May 2008 14:00:00 GMT)

Former Broadway theater producers plead not guilty to accounting fraud in Canada
Associated Press - May 6, 2008 4:35 AM ET TORONTO (AP) - Two former Broadway producers on trial in Canada have pleaded not guilty to participating in large-scale accounting fraud. (Tue, 06 May 2008 14:28:41 GMT)

Costco principal accounting officer exercises options
The principal accounting officer of Costco Wholesale Corp. exercised options for 7,500 shares of common stock, according to a Securities and Exchange Commission filing Monday. (Tue, 06 May 2008 19:37:36 GMT)

American Capital posts loss, cites accounting rule
SAN FRANCISCO (MarketWatch) -- Private equity firm American Capital Strategies Ltd. said Tuesday it swung to a loss in its first-quarter compared to the period a year earlier thanks in part to the adoption of a new accounting rule. (Wed, 07 May 2008 01:38:35 GMT)

Salesforce offers hosted accounting software
Accounting company Coda and on-demand specialist Salesforce.com claim to have come up with a way for companies to handle their accounting software without having to pay for a full-scale application. (Wed, 07 May 2008 03:54:18 GMT)

American Capital posts loss, cites accounting rule
American Capital posts loss, cites accounting rule (Wed, 07 May 2008 06:11:32 GMT)

Accounting Degrees Up 19 Percent: AICPA Report
May 6, 2008 (SmartPros) The American Institute of CPAs announced that more than 64,000 students graduated with bachelor's and master's degrees in accounting in the 2006-07 school year, a 19 percent increase since the 2003-04 school year, when the AICPA last surveyed this data. (Wed, 07 May 2008 06:31:13 GMT)

Accounting workshop set for tonight
The third in a series of workshops about accounting for small businesses is scheduled for tonight in downtown Salem. Accounting Series 3, designed for existing businesses, runs from 6 p.m. to 9 p.m. at Chemeketa Center for Business & Industry, 365 Ferry Street SE. Cost is $45. For information, call (503) 399-5088. (Wed, 07 May 2008 10:15:42 GMT)

South Africa: Move to Simplify New Accounting Rules Welcomed
MOVES by the International Accounting Standards Board to simplify the accounting standard for financial instruments have been welcomed by SA's own accounting board and the accountancy profession. (Wed, 07 May 2008 10:32:08 GMT)

CODA Launches First Enterprise Accounting System Built and Run Entirely on Salesforce.com's Force.com Platform
demand accounting application from one of Europe's (Wed, 07 May 2008 12:20:00 GMT)

Angeion Selects New Independent Registered Public Accounting Firm
ST. PAUL, Minn.----The Angeion Corporation today announced that the Audit Committee of the Board of Directors has selected Virchow Krause & Company, LLP to succeed KPMG LLP as the company's independent registered public accounting firm, effective immediately. (Wed, 07 May 2008 13:00:00 GMT)

Angeion Selects New Independent Registered Public Accounting Firm
The Angeion Corporation (NASDAQ: ANGN) today announced that the Audit Committee of the Board of Directors has selected Virchow Krause & Company, LLP to succeed KPMG LLP as the company's independent registered public accounting firm, effective immediately. Virchow Krause is the nation's 15th largest certified public accounting and consulting firm according to Public Accounting Report's "Top 100 ... (Wed, 07 May 2008 13:27:50 GMT)

State Street Establishes Fund Accounting Services for Swiss Domiciled Funds
State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has expanded its investment servicing capabilities for the Swiss market and will now offer fund accounting solutions for Swiss domiciled funds. State Street has acquired Deutsche Bank's fund accounting operations in Switzerland, a Fondsleitung under Swiss ... (Wed, 07 May 2008 18:27:03 GMT)

Buffett sanguine over accounting losses
Barbara Buchanan, Accountancy Age , Thursday 8 May 2008 at 01:33:00 Warren Buffett vows that his derivatives bets will come good despite $1.6bn loss Warren Buffett, the world's greatest investor, has vowed that his derivatives bets will come good, despite declaring a $1.6bn loss under new accounting rules.... > Read the full article (Thu, 08 May 2008 05:11:56 GMT)

Buffett sanguine over accounting losses
Warren Buffett, the world’s greatest investor, has vowed that his derivatives bets will come good, despite declaring a $1.6bn loss under new accounting rules. (Thu, 08 May 2008 07:28:38 GMT)

(AFX UK Focus) 2008-05-08 10:00 Engel East sees need to restate 2006, 2007 results after JV accounting review
LONDON (Thomson Financial) - Engel East Europe N.V. said following the review of its accounting policy pertaining to joint-ventures and the delay in the joint-venture, Heitman II, the company expects to restate its results for 2006 and 2007. (Thu, 08 May 2008 09:01:59 GMT)

Stephen Alpert, Principal, Mercer LLC & Vice-Chair of the American Academy of Actuaries' Pension Accounting Committee ...
The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Stephen A. Alpert, Principal and Consulting Actuary of Mercer LLC and Vice-Chair of the American Academy of Actuaries' Pension Accounting Committee will speak at the Knowledge Congress’ upcoming teleconference entitled: “Statement 158 Pension & Postretirement Accounting”. This 2-hour event ... (Thu, 08 May 2008 09:32:17 GMT)

William M. Smith, Esq, Director, National Tax Office, CBIZ Accounting, Tax & Advisory Services, LLC to Speak at KC’s ...
The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that William M. Smith, Director of the National Tax Office of CBIZ Accounting, Tax & Advisory Services, LLC will speak at the Knowledge Congress’ upcoming teleconference entitled: “FIN 48 Update - Mid Year Review”. This 2-hour event is scheduled for December 6, 2007, Thursday, at 1:00 PM - 3:00 ... (Thu, 08 May 2008 09:33:07 GMT)

Karen L. Wiltsie, Partner, Accounting Standards and Communications, Deloitte to Speak at the Knowledge Congress' Event ...
The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Karen L. Wiltsie, Partner, Accounting Standards and Communications at Deloitte will speak at the Knowledge Congress’ upcoming teleconference entitled: “Statement 158 Pension & Postretirement Accounting”. This 2-hour event is scheduled for December 7, 2007, Friday, at 1:00 PM - 3:00 PM EDT. ... (Thu, 08 May 2008 09:33:48 GMT)

Beers + Cutler Partner Jere Shawver Appointed to William & Mary's Mason School of Business Accounting Programs Board
Beers + Cutler, the leading accounting and consulting firm focused on the Washington, DC region, is pleased to announce that partner Jere Shawver has been appointed to The College of William & Mary's Mason Accounting Programs Board. (Thu, 08 May 2008 13:20:00 GMT)

CANADIAN ACCOUNTING STANDARDS BOARD, APRIL DECISION SUMMARY
The AcSB received reports on recent meetings of the International Accounting Standards Board (IASB) and US Financial Accounting Standards Board (FASB) (see www.iasb.org.uk and www.fasb.org, respectively). (Thu, 08 May 2008 14:13:24 GMT)

Coastal Capital Acquisition Corporation Update on Accounting Activity
Coastal Capital Acquisition Corp. is providing this brief update on the progress of its accounting activity and that of its acquisition target, NBD, Inc. (Thu, 08 May 2008 14:18:00 GMT)

Accounting firm to move into Cleveland redevelopment project
CLEVELAND (AP) - A Cleveland developer says the accounting firm Ernst & Young has agreed to occupy the top six floors of an office tower in the redevelopment of a part of Cleveland at the mouth of the Cuyahoga (keye-uh-HOH'-guh) River. (Thu, 08 May 2008 14:44:33 GMT)

Accounting Firm To Move Into Cleveland Redevelopment Project
CLEVELAND - A Cleveland developer says the accounting firm Ernst & Young has agreed to occupy the top six floors of an office tower in the redevelopment of a part of Cleveland at the mouth of the (Thu, 08 May 2008 15:20:51 GMT)

AAA 1ST ANNUAL CONFERENCE ON TEACHING AND LEARNING IN ACCOUNTING (CTLA)
Plan to attend the 1st Annual Conference on Teaching and Learning in Accounting (CTLA) before and during the AAA Annual Meeting in Anaheim, California, August 2-3, 2008. (Thu, 08 May 2008 16:29:44 GMT)

An unforgiving eye: Bankers cry foul over fair value accounting rules
Accounting rules rarely top senior executives’ agendas. But when Axa , the mighty French insurance firm, recently unveiled its results, its bosses were unusually outspoken in voicing their criticism of bean-counters. (Fri, 09 May 2008 00:14:39 GMT)

Accounting degrees hit tops
NEW YORK -- More than 64,000 students graduated with bachelor's and master's degrees in accounting in the 2006-07 school year, according to a new report by the American Institute of Certified Public Accountants. (Fri, 09 May 2008 00:19:26 GMT)

Freenet Profit Falls 75% on Accounting Change (Update1)
May 9 (Bloomberg) -- Freenet AG , the German mobile-phone and Internet operator that agreed to buy rival Debitel AG, said first-quarter profit dropped 75 percent on an accounting change and lower sales. The stock dropped in pre-market trading. (Fri, 09 May 2008 07:13:28 GMT)

Freenet Profit Falls 75% on Accounting Change (Update2)
May 9 (Bloomberg) -- Freenet AG , the German mobile-phone and Internet operator that agreed to buy rival Debitel AG, said first-quarter profit dropped 75 percent on an accounting change and lower sales. (Fri, 09 May 2008 07:58:38 GMT)

State Street to offer fund accounting services for Swiss domiciled funds
State Street, a provider of financial services to institutional investors, has acquired Deutsche Banks fund accounting operations in Switzerland, a Fondsleitung under Swiss law. (Fri, 09 May 2008 10:07:30 GMT)

Coda launches on-demand accounting on Force.com
It said Coda2go, the first enterprise finance package built on Force.com, will enable Coda customers to use the accounting system without having to pay for a full-scale application. Instead, they can access the software through Force.com's platform-as-a-service delivery mechanism. (Fri, 09 May 2008 10:27:11 GMT)

Accounting Software provides 300 FAS123R compliance.
With scheduled batch reporting functionality, stock plan accounting and administration software allows users to schedule/run quarterly and annual reports needed to comply with accounting and SEC standards. Administrative reports run day-to-day, and can also be generated in real-time at any time. Software provides role-based access to Stock Option Administrator, Implementation Administrator, ... (Fri, 09 May 2008 12:36:30 GMT)

FASB Issues Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles
NORWALK, Conn.----The Financial Accounting Standards Board today issued FASB Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles. The new standard is intended to improve financial reporting by identifying a consistent framework, or hierarchy, for selecting accounting principles to be used in preparing financial statements that are presented in conformity with U.S. ... (Fri, 09 May 2008 19:31:00 GMT)

FASB Issues Statement No. 162, The Hierarchy of Generally Accepted . Accounting Principles
Accounting Principles 09/05/2008 19:31:00 Business Wire The Financial Accounting Standards Board (FASB) today issued FASB Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles. (Fri, 09 May 2008 19:41:32 GMT)

FASB Issues Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles
The Financial Accounting Standards Board (FASB) today issued FASB Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles. The new standard is intended to improve financial reporting by identifying a consistent framework, or hierarchy, for selecting accounting principles to be used in preparing financial statements that are presented in conformity with U.S. generally ... (Fri, 09 May 2008 19:56:16 GMT)

ICAI proposes accounting standards for local bodies
Institute of Chartered Accountants of India is framing new accounting standards for local bodies, including municipal corporations and panchayats. (Fri, 09 May 2008 22:27:55 GMT)

WFU accounting professor receives Fulbright honor
Jon Duchac, an accounting professor at Wake Forest University, has been selected as a Fulbright Distinguished Chair in economics and business from the Fulbright Scholar Program. (Sat, 10 May 2008 04:09:58 GMT)

Satyam adopts global accounting norms ahead of deadline
Hyderabad, May 10 IT services provider Satyam Computer has become the first Indian company to adopt the International Financial Reporting System (IFRS), exactly three years ahead of the proposed move to implement this globally accepted accounting standard. (Sat, 10 May 2008 18:36:15 GMT)

Longtime Practice of City Council Financing Lands on Speaker?s Shoulders
Veterans of New York City politics say that many of the controversial accounting practices now being revealed are far from novel or rare. (Sat, 10 May 2008 22:41:25 GMT)

Accounting changes 'will be dagger to the heart' of final salary pensions
CONTROVERSIAL changes to global accounting rules could be the last nail in the coffin for final salary pension schemes. (Sat, 10 May 2008 23:33:58 GMT)

Rising Deficits Imperil Pensions
State and local agencies' accounting tactics conceal crisis facing public workers and taxpayers. (Sun, 11 May 2008 02:42:54 GMT)

Local law and accounting firms playing the name game
What's in a name? For law and accounting firms, the answer is often a lot of names. (Mon, 12 May 2008 04:51:40 GMT)

Coda Launches On-Demand Accounting on Force.com
Finance firm Coda Group has launched an on-demand accounting system built and run entirely on Salesforce.coms Force.com platform. (Mon, 12 May 2008 05:44:01 GMT)

COMSYS IT Partners, Inc. Finalizes Accounting Treatment for Consideration to Be Paid on 2007 Acquisition
HOUSTON----COMSYS IT Partners, Inc. , a leading provider of information technology staffing and consulting services, today announced that the Company has finalized its accounting treatment for the previously disclosed $3.4 million payment to be made at the end of 2008 related to its acquisition of Praeos Technologies, Inc. that was consummated in December 2007, and in conjunction with the ... (Mon, 12 May 2008 11:10:00 GMT)

COMSYS IT Partners, Inc. Finalizes Accounting Treatment for Consideration to Be Paid on 2007 Acquisition
COMSYS IT Partners, Inc. (97579;NASDAQ:CITP), a leading provider of information technology staffing and (Mon, 12 May 2008 11:25:23 GMT)

Fuel Systems Announces Appointment of Accounting Industry Veteran to Its Board
SANTA ANA, Calif., May 12, 2008 -- Fuel Systems Solutions, Inc. today announced the appointment of James W. Nall as an independent director to its board, succeeding John R. Jacobs who did not stand for reelection. (Mon, 12 May 2008 11:30:00 GMT)

Bell Microproducts Announces Completion of Independent Accounting Investigation
SAN JOSE, Calif., May 12, 2008 -- Bell Microproducts Inc. today announced the completion of the independent review of certain historical accounting practices conducted by a special committee of the Board of Directors. (Mon, 12 May 2008 12:00:00 GMT)

CryptoLogic Profit Down 59% on Casino Jackpot Payout (Update1)
May 12 (Bloomberg) -- CryptoLogic Ltd ., a maker of Internet gambling software for companies such as Playboy Enterprises Inc., said first-quarter profit fell 59 percent after accounting for a one-time benefit related to casino jackpot payments in 2007. (Mon, 12 May 2008 12:22:20 GMT)

Boomi and Accounting Micro Systems Partner to Simplify SaaS Integration for Accounting and Business Management ...
Boomi, the market and technology leader for on-demand integration, and Accounting Micro Systems (AMS), a leading provider of accounting and business management software solutions to small and mid-sized businesses, today announced that they have partnered to enable Software-as-a-Service integration for AMS' software solutions portfolio. (Mon, 12 May 2008 12:30:00 GMT)

Zoltek Names Chief Accounting Officer
ST. LOUIS, May 12, 2008 -- Zoltek Companies, Inc. today announced that Andrew W. Whipple has been appointed by the Board of Directors as Vice President and Chief Accounting Officer. (Mon, 12 May 2008 13:00:00 GMT)

COMSYS IT Partners, Inc. Finalizes Accounting Treatment for Consideration to Be Paid on 2007 Acquisition
COMSYS IT Partners, Inc. (NASDAQ:CITP), a leading provider of information technology staffing and consulting services, today announced that the Company has finalized its accounting treatment for the previously disclosed $3.4 million payment to be made at the end of 2008 related to its acquisition of Praeos Technologies, Inc. ("Praeos") that was consummated in December 2007, and in conjunction ... (Mon, 12 May 2008 14:43:57 GMT)

Zoltek names Andrew Whipple chief accounting officer
Zoltek Cos. Inc. said Monday it hired Andrew Whipple as vice president and chief accounting officer, one week after the company announced that Kevin Schott resigned as its chief financial officer and it had found errors in some 2007 financial statements. (Mon, 12 May 2008 16:01:02 GMT)

Boomi and Accounting Micro Systems Partner for SaaS Accounting Integration
Boomi and Accounting Micro Systems announced that they have partnered to enable SaaS integration for AMS software solutions portfolio. This service enables users to integrate AMS financial and business applications with any other SaaS or on-premise ... (Mon, 12 May 2008 19:56:52 GMT)

McMillin promotes Schulte to chief accounting officer
The Corky McMillin Cos. has promoted Gregory Schulte, who joined the company in 2004, to chief accounting officer, announced Scott McMillin, chairman of the board for The Corky McMillin Cos. (Tue, 13 May 2008 01:10:57 GMT)

Swizznet Launches Online Accounting Platform for Accountants
Swizznet's Online Accounting Platform gives accountants the ability to offer secure online accounting services to their clients who need online, real-time access to their accounting application and business financial information anywhere, anytime. (Tue, 13 May 2008 07:01:00 GMT)

Charity claims ‘false accounting’ is costing lives
AccountancyAge.com, Accountancy Age , Tuesday 13 May 2008 at 08:30:00 Christian Aid claims 1000 children a day die because of 'false accounting', minimizing tax liabilities Lives are being lost to disease and poverty in poor countries because of illegal trade-related tax evasion, Christian Aid claims in a report.... > Read the full article (Tue, 13 May 2008 07:40:42 GMT)

Women of Color Face Barriers in Accounting: Report
May 13, 2008 (SmartPros) Workplace experiences of women of color are vastly different from those of white women, white men, and men of color, according to Women of Color in Accounting, the second report in Catalyst Research's Women of Color in Professional Services Series. (Tue, 13 May 2008 07:54:18 GMT)

Fitch Provides Perspective on FASB's New Equity Accounting Proposal
NEW YORK----In the form of a special report, Fitch Ratings is providing its perspective on the Financial Accounting Standard Board's preliminary views document, 'Financial Instruments with Characteristics of Equity.' (Tue, 13 May 2008 14:01:00 GMT)

NKorean nuke documents appear complete
The Associated Press has learned that a preliminary U.S. review of nuclear documents turned over to the United States by North Korea shows they appear to be a complete accounting of their plutonium production. (Tue, 13 May 2008 14:17:21 GMT)

Complaint to Livent co-founder led to end of ticket accounting scheme: witness
TORONTO — Phony accounting explanations for purchases of Livent Inc. show tickets ended after a contractor involved in the alleged fraud complained about the scheme to Livent co-founder Myron Gottlieb, a Toronto court heard Tuesday. (Tue, 13 May 2008 18:35:45 GMT)

Danaher chief accounting officer Lutz sells shares
The chief accounting officer of industrial tools and technology company Danaher Corp. sold 6,601 shares of common stock, according to a Securities and Exchange Commission filing. (Tue, 13 May 2008 20:41:32 GMT)

Ex-SEC official pushes for int'l accounting in US
NEW YORK, May 13 - U.S. companies should begin using international accounting rules to fit in with the rest of the world, but regulators and accounting rule makers will also have to adjust, Donald Nicolaisen, former chief accountant of the U.S. Securities and Exchange Commission said on Tuesday. (Tue, 13 May 2008 20:49:38 GMT)

Council Member Wants Full Accounting on Harrison Square Condo Project
FORT WAYNE, IN (Indiana's NewsCenter) --- One Fort Wayne City Council Member is calling for a full accounting to the public of the status of the Harrison Square condominium sales. (Tue, 13 May 2008 23:45:44 GMT)

Auditor praises county’s financial accounting
Category: Local News Topics: (none) If the past is any indication of the future, an auditor’s review of the county’s financial accounting shows county officials are doing what is needed to “tighten the belt” ahead of a state-level budget crisis. (Wed, 14 May 2008 08:05:44 GMT)

Govt examining accounting standards
The government today said the process of converging Indian accounting standards with global standard, IFRS, will continue that would help India Inc in tapping international markets with reduced cost of compliance. (Wed, 14 May 2008 10:52:19 GMT)

Govt examines accounting standards for India Inc
The government has already notified 28 accounting standards for Indian corporates and would assess more standards for notification, an official release said. "The government would examine further accounting standards to be followed by companies, on the basis of the standards proposed by ICAI, subject to the recommendations of NACAS thereon, for notification in accordance with the procedure laid ... (Wed, 14 May 2008 12:13:33 GMT)

DeVry Paves Fast Track for Careers in Accounting and CPA Designations
OAKBROOK TERRACE, Ill.----Accounting positions rank among the top five open positions in the U.S., according to CNNMoney.com. The employment of accountants and auditors is expected to grow by 18 percent between 2006 and 2016 - a rate faster than the average for all occupations, according to the U.S. (Wed, 14 May 2008 12:15:00 GMT)

DeVry Paves Fast Track for Careers in Accounting and CPA Designations
Accounting positions rank among the top five open positions in the U.S., according to CNNMoney.com. The employment of accountants and auditors is expected to grow by 18 percent between 2006 and 2016 - a rate faster than the average for all occupations, according to the U.S. Bureau of Labor Statistics. DeVry University, its Keller Graduate School of Management and Becker CPA Review are helping to ... (Wed, 14 May 2008 12:49:31 GMT)

Govt examining further accounting standards for India Inc
The government on Wednesday said the process of converging Indian accounting standards with global standard, IFRS, will continue that would help Indian Inc in tapping international markets with reduced cost of compliance. (Wed, 14 May 2008 13:15:32 GMT)

Freddie Mac Accounting Changes Reduce Losses By $2.6 Billion
May 14 (Bloomberg) -- Freddie Mac , the second-largest U.S. mortgage-finance company, reported a smaller loss than analysts estimates after accounting changes reduced charges by at least $2.6 billion. (Wed, 14 May 2008 18:28:10 GMT)

Microsoft chief accounting officer sells shares
The chief accounting officer for Microsoft Corp., which is the world's largest software company, sold 10,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday. (Wed, 14 May 2008 19:29:18 GMT)

Freddie Mac Accounting Cuts Losses By $2.6 Billion (Update2)
May 14 (Bloomberg) -- Freddie Mac , the second-largest U.S. mortgage-finance company, reported a smaller loss than analysts estimated after accounting changes reduced charges by at least $2.6 billion. (Wed, 14 May 2008 20:58:20 GMT)

Nigeria: House Halts Proliferation of Accounting Bodies
The House of Representa-tives yesterday threw out a Bill seeking to establish the Chartered Institute of Management Accountants of Nigeria (CIMA), saying it could lead to the proliferation of accounting bodies in the country. (Thu, 15 May 2008 08:28:16 GMT)

Accounting tactics help Freddie Mac exceed expectations for quarter
Freddie Mac, one of the nation’s largest buyers of home loans, announced a fresh wave of bad news Wednesday, disclosing losses that were smaller than expected only because of accounting tactics that minimized the effects of bad loans. (Thu, 15 May 2008 08:39:20 GMT)

AIA joins forces with BIBF to launch diploma in Islamic Accounting and Compliance
The Association of International Accountants (AIA) has joined forces with the Bahrain Institute of Banking and Finance (BIBF) to officially launch its Diploma in Islamic Accounting and Compliance at the World Islamic Funds and Capital Markets Conference to be held in Bahrain on 26 and 27 May 2008. (Thu, 15 May 2008 08:44:29 GMT)

Freddie Mac results boosted by accounting tweak
David Jetuah, Accountancy Age , Thursday 15 May 2008 at 10:00:00 US Federal Home Loan Mortgage Corporation uses new accounting practices which buffer its numbers from the full effects of sub-prime fallout The Federal Home Loan Mortgage Corporation company achieved better-than-expected results after tweaking its accounting practices. One of the main differences involved adjustments to ... (Thu, 15 May 2008 09:25:38 GMT)

Software helps ensure general ledger accounting compliance.
Used for general ledger reconciliation, review, and certification, AssureNET GL v4.0 features operational dashboard with drill down capabilities, context-based help files, and support for SQL 2005. Accounting compliance application can help streamline business workflow, while enforcing internal control structure; reduce effort involved in compliance administration; reduce audit fees; and help ... (Thu, 15 May 2008 13:02:40 GMT)

Freddie Mac Posts Quarterly Loss Tempered by Accounting Techniques
The provider of financing for residential mortgages disclosed losses that were smaller than expected only because of accounting tactics that minimized the effects of bad loans. (Thu, 15 May 2008 13:36:44 GMT)

Accounting Practices Ultimately Affect Global Economy
The quality of financial reporting differs from country to country. In a recent study, researchers found that uniform and strict auditor enforcement may be more important than a country's accounting standards, and the quality of reporting can affect the whole economy. (Thu, 15 May 2008 14:13:17 GMT)

Nigeria: Ican Amendment Bill Seeks Control of Accounting, Taxation Bodies
The Institute of Chartered Accountants of Nigeria (ICAN) is seeking through legislation to subsume other accounting and taxation bodies in the country. (Thu, 15 May 2008 21:28:04 GMT)

Bank Of America CFO Defends Fair Value Accounting
(RTTNews) - The top financial official at Bank of America on Thursday defended a method of accounting known as "fair value accounting," despite the fact that this system has come under fire lately in the wake of the recent credit crisis. (Thu, 15 May 2008 22:21:54 GMT)

BofA CFO backs accounting method
Bank of America Corp.'s Chief Financial Officer Joe Price on Thursday said the Charlotte bank backs "fair-value" accounting that has required banks to take big writedowns due to the falling value of mortgage-related investments. During a speech at the Chicago Federal Reserve Bank, Price acknowledged this so-called "mark-to-market accounting" is making things worse for banks by making them take ... (Thu, 15 May 2008 22:35:44 GMT)

UK defence ministry free to break accounting rule
The UK government has agreed to bail out its defence ministry by allowing the cash-strapped department to break one of its main accounting rules to free up hundreds of millions of pounds in funds. (Fri, 16 May 2008 06:36:54 GMT)

PM breaks MoD's main accounting rules
Prime Minister Gordon Brown has broken one of the Ministry of Defence (MoD)’ main accounting rules by freeing up hundreds of millions of pounds to give a £4bn contract for two aircraft carriers the go-ahead. (Fri, 16 May 2008 07:08:09 GMT)

Accounting Practices Ultimately Affect Global Economy
MU professor finds auditors' enforcement is as critical as accounting standards (Fri, 16 May 2008 11:43:07 GMT)