Online Accounting and Tax Resources

Accounting News

Accounting Guide

Accounting Services

Tax Services

Resources

Home Security News Jul 2008

Custom Search

Dec 2008 | Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007

Previous 1 2

Accounting Separation needs to be fast-tracked
InternetNZ (the Internet Society of New Zealand Inc) has called for the Accounting Separation regime for Telecom to be strengthened and fast-tracked, in its submission to the Commerce Commission. (Wed, 23 Jul 2008 01:59:15 GMT)

23-07-2008: No end yet to Oilcorp’s accounting issue
KUALA LUMPUR: Oilcorp Bhd seems to be caught in a rut. The removal of its external auditor Baker Tilly Monteiro Heng (BTMH) at Monday’s EGM did not end the accounting issue that may possibly put the company under Practice Note 17 (PN 17). (Wed, 23 Jul 2008 06:37:41 GMT)

Toyota accounting errors cause $89m loss
David Jetuah, Accountancy Age , Wednesday 23 July 2008 at 10:24:00 Car giant says that mistakes made by its US credit division will see the company take a sizeable impairment Toyota has suffered an $89m (£44.6m) writedown after serious accounting issues were uncovered at its US credit arm. Toyota Motor Credit reported errors in its debt and derivatives accounting spanning... ... (Wed, 23 Jul 2008 09:42:42 GMT)

Toyota accounting errors cause $89m loss
Toyota has suffered an $89m (£44.6m) writedown after serious accounting issues were uncovered at its US credit arm. Toyota Motor Credit reported errors in its debt and derivatives accounting spanning the last three years were responsible for the restatement, Bloomberg reported. (Wed, 23 Jul 2008 09:43:31 GMT)

FASB set to change off balance sheet accounting
Rachael Singh, Accountancy Age , Wednesday 23 July 2008 at 11:06:00 FASB chairman Robert Herz warns of changes to off balance sheet accounting The Financial Accounting Standards Board has issued a warning that off balance sheet accounting could be overhauled. The US standard setter said that current accounting rules have been abused and... (Wed, 23 Jul 2008 10:27:52 GMT)

Firm sues Courtney Love over Nirvana catalog sale
A business management and accounting firm sued Courtney Love for nearly $1 million on Tuesday, claiming she failed to pay them a share of profits from the sale of Nirvana's publishing catalog. (Wed, 23 Jul 2008 11:30:39 GMT)

FASB set to change off balance sheet accounting
The Financial Accounting Standards Board has issued a warning that off balance sheet accounting could be overhauled. (Wed, 23 Jul 2008 11:43:37 GMT)

3M Names David W. Meline Corporate Controller and Chief Accounting Officer
ST. PAUL, Minn.----3M today announced that David W. Meline has been appointed vice president, corporate controller and chief accounting officer of 3M, effective September 1, 2008. Meline, 50, will lead 3M’s global corporate accounting, business finance, financial planning and analysis, and compliance efforts. (Wed, 23 Jul 2008 13:00:00 GMT)

Northwest Airlines reports 2Q loss of $377 million on accounting charge and fuel expenses
Joshua Freed July 23, 2008 - 10:20 a.m. MINNEAPOLIS (AP) - Northwest Airlines Corp. reported a second-quarter loss of $377 million on Wednesday as it took another large accounting charge and fuel expenses continued to rise sharply. (Wed, 23 Jul 2008 14:32:30 GMT)

Oak Point hires accounting specialist, considers Web site update
The July 21 regular city council meeting was the first Oak Point meeting for the city’s new Accounting and Administrative Specialist Terry Shepard. (Thu, 24 Jul 2008 05:57:27 GMT)

Advantage Systems Adds Dashboard Feature to AMB Accounting Software
Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced the addition of a dashboard analytics feature to its Accounting for Mortgage Bankers (AMB) software package. (Thu, 24 Jul 2008 13:34:32 GMT)

Carleton man implicated in accounting fraud case
A Carleton resident has settled federal charges that he committed accounting fraud in early 2006 that cost his Ann Arbor company more than $437 million and halved its stock price. (Thu, 24 Jul 2008 16:05:34 GMT)

Accounting change not meant to shock: SEC's Cox
An accounting change that could force banks to bring trillions of dollars of off-balance sheet transactions back on their books will be implemented in a way that will not create unnecessary shocks, the chairman of the U.S. Securities and Exchange Commission said on Thursday. (Thu, 24 Jul 2008 20:23:22 GMT)

Leading CPAs Visit Capitol Hill to Promote Key Legislative Issues Facing the Accounting Profession
Executive CPA leaders of 81 of the top 100 accounting firms in the United States that collectively employee more than 54,000 employees are visiting Capitol Hill today to talk to members of Congress about key legislative issues of importance to the accounting profession. (Thu, 24 Jul 2008 20:31:28 GMT)

Accounting course a huge draw
MANAMA: A Labour Fund-Ernst & Young training programme is proving to be a big success. The initiative, launched in October last year, is being inundated with applications from Bahraini men and women who want to seize a unique opportunity to gain world-class credentials in finance and accounting. (Fri, 25 Jul 2008 00:17:57 GMT)

Cash or Accrual Accounting - Which is Better for Your Small Business?
Many small business owners prefer to pass on the expense of an accountant by keeping track of their billing and receiving themselves, and all will do so using cash or accrual methods of accounting, or maybe both. (Fri, 25 Jul 2008 07:16:37 GMT)

Tribes seek historical accounting of trust funds
Eds: Today is Thursday, July 24 (Fri, 25 Jul 2008 07:30:10 GMT)

Dynegy lowers 1Q revenue due to accounting error
A calculation error led Dynegy Inc. to restate first-quarter revenue on Friday, but the energy supplier said net loss figures will not change. (Fri, 25 Jul 2008 12:51:06 GMT)

PCMC Signs New Client Contract With Gutta & Company, Inc., a South Florida Accounting Firm
Public Company Management Corporation announced that it has signed a contract with Gutta and Company, Inc., a Nevada corporation and premier accounting firm based in Sunrise, Florida. PCMC will provide management consulting and regulatory compliance services to Gutta & Company in connection with various corporate and securities matters. (Fri, 25 Jul 2008 15:27:00 GMT)

Lean Accounting Expert, Brian Maskell Gives Guidance
Author of, Practical Lean Accounting, fields IndustryWeek's questions. (Fri, 25 Jul 2008 15:36:35 GMT)

SEC, FASB urged to delay accounting change
A senior U.S. lawmaker urged securities regulators to slow down a pending accounting change that could force banks to bring trillions of dollars back on their balance sheets, according to a letter obtained by Reuters on Friday. (Fri, 25 Jul 2008 17:14:06 GMT)

Inflationary Economy Makes Small Firms Look for New Accounting Methods
LIFO can save some businesses money, but it's politically controversial. (Fri, 25 Jul 2008 19:01:46 GMT)

Council ‘loses’ £53m in accounting error
HUGE errors in Cumbria County Council’s accounts have been found by the Government’s Audit Commission. Officers checking the figures have discovered that gross expenditure for 2007-8 was over estimated by £53m. (Sat, 26 Jul 2008 08:17:08 GMT)

Sheriff $150K in the red: Poor accounting practices, record fuel prices bulk of deficit
ELKO - The Elko County Sheriff's Office is projected to be more than $158,000 over budget for the 2007-2008 fiscal year, due in large part to skyrocketing fuel prices. (Sat, 26 Jul 2008 11:32:36 GMT)

Inflationary Economy Makes Small Firms Look for New Accounting Methods
LIFO can save some businesses money, but it's politically controversial. (Sat, 26 Jul 2008 23:02:09 GMT)

Forget stereotypes: Accounting is cool
In the 1987 film "The Untouchables," federal agent Elliot Ness rescues gangster Al Capone's accountant, who knows too much, from certain... (Sun, 27 Jul 2008 07:27:25 GMT)

Firm sues Courtney Love over Nirvana catalog sale
LOS ANGELES -- A business management and accounting firm sued Courtney Love for nearly $1 million on Tuesday, claiming she failed to pay them a share of profits from the sale of Nirvana’s publishing catalog. (Sun, 27 Jul 2008 11:42:01 GMT)

Education key to keep family business going
Kale Hinnant grew up around his family's business, Hinnant Prosthetics, founded in 1931 by his grandfather, an amputee. A few years after graduating from UNC Charlotte with accounting and business degrees in 1978, Kale began working there, too. He's now a certified prosthetist and the business' sole owner. The first specialized prosthetic center in Charlotte, Hinnant Prosthetics employs about ... (Sun, 27 Jul 2008 12:04:10 GMT)

What price Puget Sound?
The value Earth Economics places on Puget Sound, but we are not sure what to make of it, nor of the eco-accounting behind it. (Mon, 28 Jul 2008 09:11:29 GMT)

Looking for a Growth Career? Accounting Is Hot
(ARA) - Looking for a career with lots of growth potential? According to the Bureau of Labor Statistics, the employment of accountants and auditors is expected to grow at least 18 percent by 2016 -- a rate faster than the average for all other occupations. (Mon, 28 Jul 2008 10:16:53 GMT)

Hilbert College instructor named recreation director
Daniel Roland, an accounting instructor at Hilbert College in Hamburg, has been appointed recreation director for the Town of Newstead. (Mon, 28 Jul 2008 11:03:26 GMT)

Canada and its cities more tax-friendly than U.S.
Canada and its major cities are relatively tax-friendly places for business, more so than the U.S. and its major cities, according to the findings of a global survey by an international accounting firm. (Mon, 28 Jul 2008 13:14:57 GMT)

Multi-Purpose Teams Needed to Tackle Corporate Fraud According to Kroll
Dealing with corporate fraud increasingly requires multi-purpose teams, bridging legal, accounting, technology and investigative skills, according to a report from Kroll, the world's leading risk consulting company. (Mon, 28 Jul 2008 13:33:02 GMT)

'Poor accounting of federal grant pension funds'
The NMI Retirement Fund has criticized government agencies for their poor accounting of pension contributions for employees paid with federal grant funds. (Mon, 28 Jul 2008 14:10:45 GMT)

Swifts fight off the Magic
Trans-Tasman rivalry came alive last night in the inaugural grand final of the new netball league, with the NSW Swifts accounting for the Waikato Bay of Plenty Magic 65-56. (Mon, 28 Jul 2008 14:18:50 GMT)

Boswell Hospital opens 4 updated departments
Sun Health opened four renovated medical departments at its Sun City Boswell Hospital last week, accounting for one quarter of a $111 million expansion taking place across the hospital chain through 2009. (Mon, 28 Jul 2008 14:26:57 GMT)

Accounting firms form new business
Two Western New York accounting firms, James Amato and Co. PC and Fox and Co. LLP, announced Monday that they have formed a new accounting and business consulting firm. (Mon, 28 Jul 2008 19:06:48 GMT)

TrueCommerce Releases Innovative EDI Integration Framework for Developing Feature-Rich Accounting System Integrations
TrueCommerce today announced the release of its new integration framework that enables the rapid development of integrations between virtually any accounting or business software and its Transaction Manager(TM) EDI (Electronic Data Interchange) translation software. (Mon, 28 Jul 2008 20:47:58 GMT)

Toyota's U.S. Credit Unit Finds More Accounting Flaws (Update1)
July 28 (Bloomberg) -- Toyota Motor Corp. 's U.S. credit arm, which earlier this month said it incorrectly reported debt levels in recent financial releases because of a clerical flaw, found more accounting errors. (Mon, 28 Jul 2008 22:49:07 GMT)

2:45 p.m. -- University of Guam requests articles for accounting forum
2:45 p.m. — The University of Guam announced in a news release it is inviting business professionals to present articles on domestic or international business and accounting topics at its 2008 Guam International Accounting Forum. (Tue, 29 Jul 2008 04:55:50 GMT)

Accounting firm: Omaha has competitive taxes
OMAHA — A new study from a major accounting firm says Omaha offers businesses a lower tax burden than other mid-sized cities in America. The study from KPMG International says Omaha’s total tax index is 5.8 percent lower than the national average. (Tue, 29 Jul 2008 07:33:07 GMT)

West Penn Allegheny: 'Substantial operating losses' expected following accounting review
PITTSBURGH (AP) - Southwestern Pennsylvania's second-largest medical provider will "show substantial operating losses" after an outside review found its accountants overstated the amount of money coming in. (Tue, 29 Jul 2008 12:32:10 GMT)

Hyatt Shared Service Center, LLC Selects Genpact to Provide Finance & Accounting Services
NEW YORK----Genpact , which manages business processes for companies around the world, today announced that it has signed a five-year contract to provide finance and accounting services to Hyatt Shared Service Center, LLC. (Tue, 29 Jul 2008 14:00:00 GMT)

Hyatt Shared Service Center, LLC Selects Genpact to Provide Finance & Accounting Services
Genpact (NYSE:G), which manages business processes for companies around the world, today announced that it has signed a five-year contract to provide finance and accounting services to Hyatt Shared Service Center, LLC. The decision to re-engineer and globalize these services is part of Hyatt's global competitive improvement initiative. Terms of the contract were not disclosed. (Tue, 29 Jul 2008 14:28:43 GMT)

EVAT stays but accounting needed
The Chairman of the House Committee on Ways and Means, Rep. Exequiel Javier of Antique, said yesterday that with President Arroyo’s defense of the Expanded Value-Added Tax (EVAT) in her State-of-the-Nation Address (SoNA), the tax is here to stay, but the government should make a clear accounting of how the funds are spent. (Tue, 29 Jul 2008 18:50:33 GMT)

South African sister companies praise Linux-based accounting program
Gospel Direct and Maranatha Record Co., sister companies based in South Africa, have exercised their faith in a Linux-based accounting program. (Tue, 29 Jul 2008 20:11:44 GMT)

Column Reform accounting sensibly
The last few years have witnessed heightened level of activity from the Institute of Chartered Accountants of India and other regulators towards accounting reforms in India. (Tue, 29 Jul 2008 22:06:29 GMT)

Wall Street warns regulators not to rush accounting change
A looming accounting change that sparked a sell-off in Fannie Mae’s and Freddie Mac’s stocks earlier this month could cause broader disruption in the markets if it is rushed by regulators, Wall Street lobbyists are telling lawmakers. (Tue, 29 Jul 2008 23:38:38 GMT)

Research and Markets: An Insight Into the Australian Accounting Separation Framework & Its Implementation
DUBLIN, Ireland----Research and Markets has announced the addition of the "Australia - Regulatory - Accounting Separation" report to their offering. (Wed, 30 Jul 2008 01:00:00 GMT)

Research and Markets: An Insight Into the Australian Accounting Separation Framework & Its Implementation
Research and Markets (http://www.researchandmarkets.co has announced the addition of the "Australia - Regulatory - Accounting Separation" report to their offering. (Wed, 30 Jul 2008 01:13:47 GMT)

Sign Up the Forensic Accounting Newsletter!
Forensic Accounting is plenty of opportunity for accountants. Take advantage of these opportunities by learning how crooks commit fraud. My newsletter will bring you information up to date. (Wed, 30 Jul 2008 03:28:44 GMT)

Parks! America Selects Stonefield Josephson as New Independent Registered Public Accounting Firm
Parks! America , a company in the business of acquiring, staffing and managing theme parks announced today that it has engaged Stonefield Josephson, Inc. as the company's independent registered public accounting firm. (Wed, 30 Jul 2008 13:00:00 GMT)

Apria falls on report of accounting review
Shares of Apria Healthcare Group Inc. fell Wednesday after the home health care company delayed releasing its full second-quarter results because of an accounting review. (Wed, 30 Jul 2008 23:43:29 GMT)

US delays accounting changes
Banks have been given a one-year reprieve by US accounting standard-setters from having to take up to $5,000bn (£2,520bn) of debt assets on to their balance sheets, easing fears that they would be forced to raise large amounts of new capital quickly. (Thu, 31 Jul 2008 01:03:28 GMT)

Accounting Board Delays an Asset Rule
The Financial Accounting Standards Board voted unanimously to delay a new accounting rule aimed at forcing banks to put more assets on their balance sheets rather than hide them. (Thu, 31 Jul 2008 04:43:13 GMT)

Accounting Profs Wanted: Accounting Firms Spearhead Doctoral Scholars Program
July 31, 2008 The CPA profession has created an Accounting Doctoral Scholars program to help reverse a shortage of Ph.D. accounting faculty in U.S. colleges and universities. (Thu, 31 Jul 2008 06:43:21 GMT)

Mazda 1st-Quarter Profit Rises on Small-Car Demand, Accounting
July 31 (Bloomberg) -- Mazda Motor Corp. , a third owned by Ford Motor Co., increased first-quarter profit on higher demand for its small cars in Europe, the U.S. and Russia. It also benefited from an accounting change. (Thu, 31 Jul 2008 07:03:12 GMT)

Choosing an accounting method for S corp
There are two choices in accounting methods for small businesses, says CPA George Saenz. (Thu, 31 Jul 2008 10:00:00 GMT)

Accountants say sub-prime crisis not a result of fair value accounting
SINGAPORE: As banks around the world continue to declare more losses from mortgage-backed securities, many in the industry are pointing the finger at international accounting standards. (Thu, 31 Jul 2008 10:01:11 GMT)

Accounting Board Delays an Asset Rule for Banks
The Financial Accounting Standards Board, under pressure from banks and auditors, voted unanimously on Wednesday to delay a new accounting rule that is aimed at forcing banks to put more assets on their balance sheets rather than hide them in so-called special-purpose entities. (Thu, 31 Jul 2008 11:46:51 GMT)

Vishay Intertechnology Names New Chief Financial Officer and Creates Chief Accounting Officer Role
MALVERN, Pa.----Vishay Intertechnology, Inc. one of the world's largest manufacturers of discrete semiconductors and passive electronic components, announced today changes to its corporate finance and accounting function. (Thu, 31 Jul 2008 12:40:00 GMT)

Which accounting method for S corp revenues?
Cash or accrual accounting? Dear Tax Talk, Can an S corp with revenues in excess of $5 million elect to use a cash accounting method if it is not a service company and maintains a significant inventory? (Thu, 31 Jul 2008 15:08:16 GMT)

ACCOUNTING STANDARDS BOARD DECISION SUMMARY JULY 16-17, 2008
An executive summary of discussions and decisions with respect to the topics addressed at the July Canadian Accounting Standards Board (AcSB) meeting is now available: International Activities; Publicly Accountable Enterprises Strategy; Accounting Implications of Credit Risk; Financial Reporting by Private Enterprises; Insurance; Financial Statement Presentation; Not-for-Profit Organizations.... (Thu, 31 Jul 2008 17:16:31 GMT)

Report: VHA accounting system ripe for fraud - Navy News, opinions, editorials, news from Iraq, photos, reports - Navy ...
The accounting system used by the Veterans Health Administration is ripe for fraud because of an outdated method for recording miscellaneous expenses, a congressional watchdog agency warned July 31. (Thu, 31 Jul 2008 21:22:28 GMT)

Vishay Intertechnology Names New Chief Financial Officer and Creates Chief Accounting Officer Role
Vishay Intertechnology, Inc. (NYSE:VSH) one of the world's largest manufacturers of discrete semiconductors and passive electronic components, announced today changes to its corporate finance and accounting function. Dr. Lior Yahalomi will become the Company's Chief Financial Officer and Lori Lipcaman will assume the newly created role of Chief Accounting Officer, Richard N. Grubb will step down ... (Thu, 31 Jul 2008 23:16:28 GMT)

Previous 1 2