Accounting News 05/2008 (Page 2)

Angeion Selects New Independent Registered Public Accounting Firm (Centre Daily Times)

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 ... (May 7, 2008)

State Street Establishes Fund Accounting Services for Swiss Domiciled Funds (Centre Daily Times)

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 ... (May 7, 2008)

Buffett sanguine over accounting losses (vnunet.com)

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 (May 8, 2008)

Buffett sanguine over accounting losses (Accountancy Age)

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. (May 8, 2008)

(AFX UK Focus) 2008-05-08 10:00 Engel East sees need to restate 2006, 2007 results after JV accounting review (Interactive Investor)

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. (May 8, 2008)

Stephen Alpert, Principal, Mercer LLC & Vice-Chair of the American Academy of Actuaries' Pension Accounting Committee ... (PR.com)

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 ... (May 8, 2008)

William M. Smith, Esq, Director, National Tax Office, CBIZ Accounting, Tax & Advisory Services, LLC to Speak at KC’s ... (PR.com)

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 ... (May 8, 2008)

Karen L. Wiltsie, Partner, Accounting Standards and Communications, Deloitte to Speak at the Knowledge Congress' Event ... (PR.com)

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. ... (May 8, 2008)

Beers + Cutler Partner Jere Shawver Appointed to William & Mary's Mason School of Business Accounting Programs Board (PR Newswire via Yahoo! Finance)

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. (May 8, 2008)

CANADIAN ACCOUNTING STANDARDS BOARD, APRIL DECISION SUMMARY (Accounting Education)

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). (May 8, 2008)

Coastal Capital Acquisition Corporation Update on Accounting Activity (Marketwire via Yahoo! Finance)

Coastal Capital Acquisition Corp. is providing this brief update on the progress of its accounting activity and that of its acquisition target, NBD, Inc. (May 8, 2008)

Accounting firm to move into Cleveland redevelopment project (FOX 19 Cincinnati)

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. (May 8, 2008)

Accounting Firm To Move Into Cleveland Redevelopment Project (19 Action News Cleveland)

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 (May 8, 2008)

AAA 1ST ANNUAL CONFERENCE ON TEACHING AND LEARNING IN ACCOUNTING (CTLA) (Accounting Education)

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. (May 8, 2008)

An unforgiving eye: Bankers cry foul over fair value accounting rules (Financial Times)

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. (May 8, 2008)

Accounting degrees hit tops (NBC26 Green Bay)

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. (May 8, 2008)

Freenet Profit Falls 75% on Accounting Change (Update1) (Bloomberg.com)

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. (May 9, 2008)

Freenet Profit Falls 75% on Accounting Change (Update2) (Bloomberg.com)

State Street to offer fund accounting services for Swiss domiciled funds (Banking Business Review)

State Street, a provider of financial services to institutional investors, has acquired Deutsche Banks fund accounting operations in Switzerland, a Fondsleitung under Swiss law. (May 9, 2008)

Coda launches on-demand accounting on Force.com (Computer Business Review)

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. (May 9, 2008)

Accounting Software provides 300 FAS123R compliance. (ThomasNet)

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, ... (May 9, 2008)

FASB Issues Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles (Business Wire via Yahoo! Finance)

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. ... (May 9, 2008)

FASB Issues Statement No. 162, The Hierarchy of Generally Accepted . Accounting Principles (InfoBolsa)

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. (May 9, 2008)

FASB Issues Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles (Centre Daily Times)

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 ... (May 9, 2008)

ICAI proposes accounting standards for local bodies (Express India)

Institute of Chartered Accountants of India is framing new accounting standards for local bodies, including municipal corporations and panchayats. (May 9, 2008)

WFU accounting professor receives Fulbright honor (Winston-Salem Journal)

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. (May 10, 2008)

Satyam adopts global accounting norms ahead of deadline (The Hindu)

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. (May 10, 2008)

Longtime Practice of City Council Financing Lands on Speaker?s Shoulders (New York Times)

Veterans of New York City politics say that many of the controversial accounting practices now being revealed are far from novel or rare. (May 10, 2008)

Accounting changes 'will be dagger to the heart' of final salary pensions (The Scotsman: Business)

CONTROVERSIAL changes to global accounting rules could be the last nail in the coffin for final salary pension schemes. (May 10, 2008)

Rising Deficits Imperil Pensions (Washington Post)

State and local agencies' accounting tactics conceal crisis facing public workers and taxpayers. (May 11, 2008)

Local law and accounting firms playing the name game (BizJournals)

What's in a name? For law and accounting firms, the answer is often a lot of names. (May 12, 2008)

Coda Launches On-Demand Accounting on Force.com (ComputerWire via Yahoo!7 News)

Finance firm Coda Group has launched an on-demand accounting system built and run entirely on Salesforce.coms Force.com platform. (May 12, 2008)

COMSYS IT Partners, Inc. Finalizes Accounting Treatment for Consideration to Be Paid on 2007 Acquisition (Business Wire via Yahoo! Finance)

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 ... (May 12, 2008)

COMSYS IT Partners, Inc. Finalizes Accounting Treatment for Consideration to Be Paid on 2007 Acquisition (wallstreet:online AG)

COMSYS IT Partners, Inc. (97579;NASDAQ:CITP), a leading provider of information technology staffing and (May 12, 2008)

Fuel Systems Announces Appointment of Accounting Industry Veteran to Its Board (PrimeNewswire via Yahoo! Finance)

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. (May 12, 2008)

Bell Microproducts Announces Completion of Independent Accounting Investigation (PrimeNewswire via Yahoo! Finance)

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. (May 12, 2008)

CryptoLogic Profit Down 59% on Casino Jackpot Payout (Update1) (Bloomberg.com)

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. (May 12, 2008)

Boomi and Accounting Micro Systems Partner to Simplify SaaS Integration for Accounting and Business Management ... (Marketwire via Yahoo! Finance)

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. (May 12, 2008)

Zoltek Names Chief Accounting Officer (PrimeNewswire via Yahoo! Finance)

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. (May 12, 2008)

COMSYS IT Partners, Inc. Finalizes Accounting Treatment for Consideration to Be Paid on 2007 Acquisition (Centre Daily Times)

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 ... (May 12, 2008)

Zoltek names Andrew Whipple chief accounting officer (St. Louis Business Journal)

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. (May 12, 2008)

Boomi and Accounting Micro Systems Partner for SaaS Accounting Integration (ebizQ.net)

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 ... (May 12, 2008)

McMillin promotes Schulte to chief accounting officer (San Diego Daily Transcript via Yahoo! News)

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. (May 13, 2008)

Swizznet Launches Online Accounting Platform for Accountants (PRWeb via Yahoo! News)

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. (May 13, 2008)

Swizznet Launches Online Accounting Platform for Accountants (PRWeb)

Charity claims ‘false accounting’ is costing lives (vnunet.com)

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 (May 13, 2008)

Women of Color Face Barriers in Accounting: Report (SmartPros Accounting)

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. (May 13, 2008)

Fitch Provides Perspective on FASB's New Equity Accounting Proposal (Business Wire via Yahoo! Finance)

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.' (May 13, 2008)

NKorean nuke documents appear complete (AP via Yahoo! News)

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. (May 13, 2008)

Complaint to Livent co-founder led to end of ticket accounting scheme: witness (The Globe and Mail)

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. (May 13, 2008)

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