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EDF Net Drops 12% After Last Year's Accounting Gain (Update1)
Aug. 1 (Bloomberg) -- Electricite de France SA , Europe's biggest power generator, said profit fell 12 percent in the first half after last year's earnings were boosted by accounting gains from power distribution assets. (Fri, 01 Aug 2008 06:21:56 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. (Fri, 01 Aug 2008 12:45:45 GMT)

TXI names accounting executives
Texas Industries Inc., a cement and building materials supplier, has promoted Sharon Ellis and Les Vines to the positions of treasurer and chief accounting officer, respectively. (TXI) (Fri, 01 Aug 2008 16:26:34 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. (Fri, 01 Aug 2008 16:29:17 GMT)

CalSTRS Seeks Pension Accounting Consultant
The California State Teachers' Retirement System (CalSTRS) today launched a search for a consultant team to research, design and implement a best practice model for pension accounting and to provide CalSTRS employees transition support and training in its operation. (Fri, 01 Aug 2008 23:12:04 GMT)

More accounting irregularities?
PETALING JAYA: Accounting discrepancies may be cropping up again, judging by the failure of several public-listed companies to issue their audited financial statements on time as required under the stock exchange’s listing requirements. (Fri, 01 Aug 2008 23:28:05 GMT)

Separate Trial Won by Tax-Shelter Defendant
A defendant in the large tax-shelter case involving former executives of the KPMG accounting firm will be tried separately on charges of personal tax evasion. (Sat, 02 Aug 2008 02:29:13 GMT)

20TH INTERNATIONAL CONGRESS ON SOCIAL AND ENVIRONMENTAL ACCOUNTING RESEARCH (THE CSEAR SUMMER SCHOOL)
The Centre for Social and Environmental Accounting Research (CSEAR) has held an annual conference in the UK (often referred to as the Summer School) for over a decade. The next UK conference will be held in September 2007 at the University of St. Andrews, Scotland. (Sat, 02 Aug 2008 23:16:14 GMT)

People making news
Asad Malik has been appointed vice president of finance at Henry Ford West Bloomfield Hospital. He will be responsible for overseeing all hospital accounting practices, directing financial strategy, and creating an environment marked by innovation and continued improvement. As the recent vice president of finance at the Rehabilitation Institute of Michigan, part of the Detroit Medical Center, ... (Sun, 03 Aug 2008 07:33:48 GMT)

Time Warner makes progress on AOL separation - Report
Time Warner is expected to announce Wednesday that it has completed the accounting steps required to eventually separate AOL's dial-up Internet-access business from its advertising and content business, the Wall Street Journal reported Sunday. (Mon, 04 Aug 2008 02:35:39 GMT)

New accounting standards proposed for charities
IN a move to ensure more transparency and accountability, the Accounting Standards Council (ASC) is proposing that all charities comply with one set of its new accounting standards, regardless of their size or status. (Mon, 04 Aug 2008 05:02:29 GMT)

A New Dawn For Industry Accounting Firm
A new era is dawning at the Australian racing industry's leading accountancy firm. The new name reflects the nature of the business and its passionate team of equine professionals. (Mon, 04 Aug 2008 05:23:55 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, 04 Aug 2008 10:16:08 GMT)

Harris to trim earnings in wake of subsidiary's accounting errors
Harris Corp. tried to do some damage control last week after one of its subsidiaries disclosed a multimillion-dollar accounting foul-up that will mean years of earnings restatements. (Mon, 04 Aug 2008 11:39:28 GMT)

Sucampo Chief Financial Officer resigns
Sucampo Pharmaceuticals Inc. said late Friday Chief Financial Officer Mariam E. Morris resigned, effective Aug. 1 and Chief Accounting Officer Jan Smilek will serve as acting finance chief. (Mon, 04 Aug 2008 13:22:18 GMT)

Smaller charities to benefit under new accounting rules
SINGAPORE: Singapore’s accounting body for companies and charities has drawn up new guidelines to bring all charities, co—operatives and societies here under one common set of accounting benchmarks for the first time. (Mon, 04 Aug 2008 13:24:47 GMT)

Aetna Names Rajan Parmeswar Vice President, Controller and Chief Accounting Officer
HARTFORD, Conn.----Aetna today announced that it has appointed Rajan Parmeswar, 46, Vice President, Controller and Chief Accounting Officer, reporting to Vice President and Head of Corporate Finance Kim Keck. (Mon, 04 Aug 2008 14:00:00 GMT)

Aetna Names Rajan Parmeswar Vice President, Controller and Chief Accounting Officer
Aetna (NYSE: AET) today announced that it has appointed Rajan Parmeswar, 46, Vice President, Controller and Chief Accounting Officer, reporting to Vice President and Head of Corporate Finance Kim Keck. He succeeds Ronald M. Olejniczak, who, as previously announced, retired as controller and chief accounting officer on July 31. Parmeswar is expected to join Aetna on Aug. 18. (Mon, 04 Aug 2008 14:50:27 GMT)

Buddi accounting software
There are certainly plenty of good reasons for keeping on top of your finances and Buddi is a simple-to-use accounting program that keeps this as easy as possible. (Mon, 04 Aug 2008 16:34:15 GMT)

Adopt govt rules on accounting: ICAI to Sebi
ICAI has asked capital market watchdog Sebi to make companies conform to only those accounting norms that have been notified by the government. (Mon, 04 Aug 2008 20:19:30 GMT)

Accounting Partner Named Aetna VP
Rajan Parmeswar, a partner in the accounting firm PricewatershouseCoopers LLP since 1998, has been named vice president, controller and chief accounting officer at Aetna Inc. (Tue, 05 Aug 2008 02:47:27 GMT)

Accounting Management Solutions Names Michael Whitney to New York Office
Accounting Management Solutions, Inc., one of the fastest-growing private companies in the country, today announced that it has named Michael T. Whitney as Director of the Nonprofit Client Practice in its New York office. (Tue, 05 Aug 2008 13:00:00 GMT)

Accounting Is Recession-Proof Job
The report identifies the top 20 professions that have most consistently remained in highest demand over a more than eight-month period starting November 2007. Accounting-related positions landed in the fourth and fifth spots. (Wed, 06 Aug 2008 04:05:29 GMT)

FTSE 100 company pension schemes suffered the largest 12 month swing in funding levels since modern pension accounting ...
FTSE 100 company pension schemes suffered the largest 12 month swing in funding levels since modern pension accounting began, wiping out £53bn (€66.9bn) to the end of July 2008. (Wed, 06 Aug 2008 04:12:44 GMT)

Ambac Financial Group 2nd-qtr earnings more than quadruple on accounting-related gains
Stephen Bernard August 6, 2008 - 08:09 a.m. (Wed, 06 Aug 2008 12:29:52 GMT)

EU, UN To Link CO2 Trading Accounting Systems Before Dec
BRUSSELS -(Dow Jones)- The European Union will link its carbon trading accounting system with that of the U.N. before December, so that CO2 credits earned outside the E.U. can count within the bloc, the Commission said Wednesday. (Wed, 06 Aug 2008 12:57:22 GMT)

Ambac, Using an Accounting Change, Posts Net Income (Update2)
Aug. 6 (Bloomberg) -- Ambac Financial Group Inc. , the bond insurer that lost 92 percent of its stock market value in the past year, posted second-quarter net income after using an accounting change to record a $5.2 billion gain related to its debt securities. (Wed, 06 Aug 2008 13:18:08 GMT)

Ambac, Using an Accounting Change, Posts Net Income (Update3)
Aug. 6 (Bloomberg) -- Ambac Financial Group Inc. , the bond insurer that lost 92 percent of its stock market value in the past year, posted second-quarter net income after using an accounting change to record a $5.2 billion gain related to its debt securities. (Wed, 06 Aug 2008 14:33:17 GMT)

PDPW Management Accounting Conference slated
The Professional Dairy Producers of Wisconsin’s Management Accounting Conference has been scheduled for Sept. 10-11 at the Madison Marriott West in Middleton, Wis. The conference features a follow-up training day on Nov. 17. This is a high-level financial training for dairy owners, managers, accountants, consultants, educators and industry professionals who have a vision for the future. (Wed, 06 Aug 2008 15:53:31 GMT)

Marketing specialist joins accounting firm
The accounting firm of Bryan P. Fitzsimmons, CPA now offers marketing services to help grow and support businesses. Joy Wilson is the new marketing specialist at the firm. She brings several years of marketing experience with her from the Portland area. (Wed, 06 Aug 2008 18:51:01 GMT)

Ambac Posts Record Net Income on Accounting Change (Update2)
Aug. 6 (Bloomberg) -- Ambac Financial Group Inc. reported its biggest net income since going public in 1991, benefiting from an accounting change that allowed it to log a $5.2 billion gain as its main business of insuring municipal and corporate securities fell. (Wed, 06 Aug 2008 22:18:01 GMT)

Downloads of Microsoft accounting software soar
Microsoft has smashed its expectations for Office Accounting, claiming that 93,500 copies of the free application have been downloaded since its UK launch in November. (Thu, 07 Aug 2008 12:00:07 GMT)

Downloads of Microsoft accounting software soar
kayleigh bateman , CRN , Thursday 7 August 2008 at 12:49:00 Reseller community shows support for Office Accounting with record downloads of the software Microsoft has smashed its expectations for Office Accounting, claiming that 93,500 copies of the free application have been downloaded since its UK launch in November.... (Thu, 07 Aug 2008 12:17:41 GMT)

Bond Insurers Continue to Retrench
The Ambac Financial Group said on Wednesday that net income tripled after a new accounting rule allowed its insurance unit to turn its difficulties into a gain, but the company said it was writing little new business. (Thu, 07 Aug 2008 12:30:20 GMT)

Accounting System Firm Taps GlobalPay Scheme Coda
Aug 07 2008 : Foreign exchange specialist Travelex has signed up UK-based accounting systems firm Coda as a partner for its GlobalPay business payments system. (Thu, 07 Aug 2008 20:38:02 GMT)

Manchin wants full accounting in ’Pike hangup
Peeved by motorists fuming over a fatal West Virginia Turnpike truck wreck that clogged the toll road and detour routes for as long as 15 hours, Gov. Joe Manchin wants a full accounting of the incident. (Fri, 08 Aug 2008 03:22:46 GMT)

Barclays denies its accounting needs improvement
Following the unveiling of a 33% slide in first-half pre-tax profits, to £2.8bn and a £2.4bn write-off of bad loans, Bob Diamond, Barclays president, denied the bank’s accounting needed improvement after suggestions it was not conservative enough. (Fri, 08 Aug 2008 07:10:34 GMT)

Barclays denies its accounting needs improvement
AccountancyAge.com, Accountancy Age , Friday 8 August 2008 at 08:03:00 Barclays chief denies the bank’s accounting could be more conservative Following the unveiling of a 33% slide in first-half pre-tax profits, to £2.8bn and a £2.4bn write-off of bad loans, Bob Diamond, Barclays president, denied the bank’s accounting needed improvement... (Fri, 08 Aug 2008 07:17:41 GMT)

Beazer posts deeper-than-expected loss
Beazer Homes USA Inc posted a deeper-than-expected quarterly loss on Friday as the builder labored under the sharpest housing market downturn in decades and a federal investigation of its accounting practices. (Fri, 08 Aug 2008 13:40:04 GMT)

MBIA profit rises on accounting gain
MBIA Inc posted a $1.7 billion quarterly profit due to an accounting change that turned credit problems into a big gain, but the world's largest bond insurer said on Friday it is having trouble winning new business since losing its top debt ratings. (Fri, 08 Aug 2008 16:38:46 GMT)

MBIA profit rises on accounting gain
NEW YORK (Reuters) - MBIA Inc posted a $1.7 billion quarterly profit due to an accounting change that turned credit problems into a big gain, but the world's largest bond insurer said on Friday it is having trouble winning new business since losing its top debt ratings. (Fri, 08 Aug 2008 16:45:14 GMT)

MBIA 2nd-qtr profit rises on accounting gain
MBIA Inc posted a quarterly profit of $1.7 billion on Friday due to an accounting change that turned credit problems into a big gain, but the world's largest bond insurer said it is having trouble winning new business since losing its top debt ratings. (Fri, 08 Aug 2008 18:27:18 GMT)

MBIA 2nd-qtr profit rises on accounting gain
NEW YORK (Reuters) - MBIA Inc posted a quarterly profit of $1.7 billion on Friday due to an accounting change that turned credit problems into a big gain, but the world's largest bond insurer said it is having trouble winning new business since losing its top debt ratings. (Fri, 08 Aug 2008 18:30:14 GMT)

Marine Petroleum Trust Announces Change in Accounting Method
U.S. Trust, as Trustee of Marine Petroleum Trust , today announced that Marine has changed its accounting method from the accrual method to the modified cash basis method of accounting. (Fri, 08 Aug 2008 18:45:00 GMT)

Board says Miller can keep accounting license
Former Lorain Safety Service Director Craig Miller will keep his accounting license as long as he pays a $1,500 fine and attends three hours of ethics classes, the Accountancy Board of Ohio ruled Friday. Miller was in danger of losing his license because of his 2006 conviction for obstructing justice. Miller resigned as former [...] (Sat, 09 Aug 2008 05:18:17 GMT)

An accounting rule deadline is behind recent mergers
NEW YORK - There's been a pickup in corporate acquisitions lately. While that should be cause for celebration, it's not surefire evidence that companies are getting back to business despite the continuing economic woes. (Sun, 10 Aug 2008 05:35:24 GMT)

Deals on upswing ahead of accounting-rule changes
There's been a pickup in corporate acquisitions lately. While that should be cause for celebration, it's not surefire evidence that companies are getting back to business despite the current financial and economic woes. (Sun, 10 Aug 2008 07:29:49 GMT)

ANALYSIS / Accounting shift may speed up deals before year end / Targets with high R&D expenses especially crucial
There's been a pickup in corporate acquisitions lately. While that should be cause for celebration, it's not surefire evidence that companies are getting back to business despite the current financial and economic woes. Instead, upcoming changes in... (Sun, 10 Aug 2008 07:39:12 GMT)

On the Go
Kris Rispoli was promoted to operations services senior staff in the enterprise solutions department of the public accounting and consulting firm's Cleveland office; Kristin Hawkins and James Oleff to assurance and financial advisory senior staff and Ali Lukungu to risk consulting senior staff, all in the financial institutions department; Eric Andolina to risk process manager and Aaron Ressler ... (Sun, 10 Aug 2008 11:33:01 GMT)

Accounting industry faces its own doctor shortage
According to the American Institute of Certified Public Accountants, more than 64,000 students graduated with bachelor’s and master’s degrees in accounting last year, the highest level in more than 30 years. But even as these numbers rise, the number of doctorate degrees is steadily declining. To reverse this trend, the AICPA has created an Accounting Doctoral Scholars Program, which provides ... (Mon, 11 Aug 2008 04:25:29 GMT)

Accounting firms boost efforts to recruit women
Women are making great strides in the accounting profession — debunking old stereotypes of the once male-dominated industry. (Mon, 11 Aug 2008 05:24:38 GMT)

Bigger firms bulk up as accounting biz grows
Bay Area accounting firms are opening new offices, acquiring smaller firms and expanding operations to take advantage of the rapid growth in demand for their services. (Mon, 11 Aug 2008 05:41:35 GMT)

Numbers add up for accounting majors
At San Diego State, instructor Will Snyder's Accounting 231 class is one of the most popular courses. The weather is balmy, the local beaches are inviting, and so, naturally, San Diego State students are thinking about . . . accounting. (Mon, 11 Aug 2008 07:08:26 GMT)

South Africa: Accounting Changes Loom for BEE Costs
AMENDMENTS to an international financial reporting standard may have an effect on when a black economic empowerment (BEE) expense is recognised. (Mon, 11 Aug 2008 08:37:12 GMT)

Accounting proposal draws ire
Canadian companies that report earnings under U.S. accounting standards are facing a rule change to their financial statements that has publicly traded corporations on both sides of the border crying foul. (Mon, 11 Aug 2008 10:08:43 GMT)

Bond Insurer MBIA Reports $1.7 Billion Profit
MBIA , the bond insurer, posted a $1.7 billion quarterly profit on Friday because of an accounting change that turned credit problems into a gain, but the company said it was struggling to win business since losing its top debt ratings. (Mon, 11 Aug 2008 10:30:46 GMT)

Accounting rule change spurs deals
There’s been a pickup in corporate acquisitions lately. While that should be cause for celebration, it’s not surefire evidence that companies are getting back to business despite the current financial and economic woes. (Mon, 11 Aug 2008 11:57:36 GMT)

DLA Piper's Global Head of Islamic Finance Oliver Agha is appointed to the AAOIFI's Accounting and Auditing Standards ...
The AASB has responsibility for the development of AAOIFI AAOIFI standards on accounting, auditing, ethics, and governance for the international Islamic finance industry. (Mon, 11 Aug 2008 13:02:26 GMT)

The case for joining a regional accounting firm
Editor’s note: Ackerman, PHR, a human resources executive with Horty & Horty, P.A., in Wilmington, has 12 years of experience in public accounting. You must be a Registered User to view the rest of the story. (Mon, 11 Aug 2008 17:07:24 GMT)

Accounting Grad Receives First-Ever Inspiration Award
Aug. 12, 2008 (SmartPros) Eric Fox, an accounting graduate of California State University, Los Angeles, has been awarded Beta Alpha Psi's first Medal of Inspiration Award. (Tue, 12 Aug 2008 04:20:59 GMT)

Drugmakers protest plan on legal costs: report
Six leading drugmakers sent a letter Friday to U.S. accounting-rule lawmakers objecting to a proposed rule that would require companies to disclose estimate costs of all continuing litigation, the Wall Street Journal said Tuesday. (Tue, 12 Aug 2008 04:49:25 GMT)

Constellation's Star-Crossed Accounting
Constellation Energy is accused of some aggressive accounting practices, and the stock tanks. (Tue, 12 Aug 2008 20:52:15 GMT)

AddonSoftware enhances accounting suite
AddonSoftware, a provider of enterprise resource planning software, and Basis International, a provider of business applications, have released version 8.0 of Accounts Payable, Accounts Receivable, and General Ledger modules of the AddonSoftware suite of accounting software. These are the accounting modules re-factored using Basis Internationals new Barista RAD tool. (Wed, 13 Aug 2008 00:31:41 GMT)

IMA Looks to Redefine 'Management Accounting'
Aug. 13, 2008 (SmartPros) The Institute of Management Accountants is seeking input from its members on a proposed new definition of the term "management accounting." (Wed, 13 Aug 2008 03:21:09 GMT)

Forex loss to get uni-track accounting
The ministry of corporate affairs is considering ways to bring uniformity between company law and accounting standards that require companies to declare their foreign exchange losses. (Wed, 13 Aug 2008 05:16:57 GMT)

Beaver Meadows hires secretary/treasurer, accounting firm
Beaver Meadows Council hired a part-time assistant and an accounting firm during a special meeting held Monday night at the borough building. (Wed, 13 Aug 2008 08:43:08 GMT)

Private Sector Responds To Credit Crisis
A new proposal suggests changes in accounting, risk management and clearing and settlement. (Wed, 13 Aug 2008 10:07:57 GMT)

Regulator to fine water company
An Essex water firm is to be fined for accounting mistakes which led to customers being overcharged. (Wed, 13 Aug 2008 14:06:29 GMT)

Tribune 2Q profit sinks $4.5B on accounting charge
Tribune Co. reported a $4.53 billion second-quarter loss after the Chicago media holding company recorded a $3.84 billion accounting-related charge. (Wed, 13 Aug 2008 17:39:48 GMT)

Constellation's Accounting Is Out Of This World
Incorrect accounting leads to a bond downgrade. (Thu, 14 Aug 2008 03:10:40 GMT)

New Hartford plans to update accounting process
The town will spend more than $15,000 this year to bring its accounting practices in line with current standards. (Thu, 14 Aug 2008 04:02:00 GMT)

U. accounting professor garners prestigious award
Robert D. Allen, a decorated University of Utah professor, has won another honor with the Wildman Medal, awarded by the American Accounting Association (AAA) for scholarly achievement in accounting. (Thu, 14 Aug 2008 06:14:47 GMT)

Lucas Group Appoints John DeLucia as Executive Senior Partner ??? Accounting & Finance Division
Lucas Group, a respected leader in professional recruiting, recently John DeLucia as Executive Senior Partner within the Accounting & Finance Division, Atlanta, GA. Lucas Group is one of the nation’s largest executive recruitment firms that built a reputation for successfully providing human capital placements in multiple markets and industries. (Thu, 14 Aug 2008 07:00:00 GMT)

Provident says accounting change boosted write-down
Provident says accounting change boosted write-down Provident Bankshares Corp. officials yesterday attributed Tuesday's move to restate quarterly profit that was announced only a month ago to unexpected guidance from auditors on how to value certain investment securities. (Thu, 14 Aug 2008 07:33:35 GMT)

Accounting issues put ITAT float on hold
AccountancyAge.com, Accountancy Age , Thursday 14 August 2008 at 09:02:00 Chinese retailer ITAT’s $1bn IPO has been put on hold amid allegations of improper accounting Chinese retailer ITAT Group has stalled plans to raise $1bn through an initial public offering on the Hong Kong stock exchange amid allegations of improper accounting.... (Thu, 14 Aug 2008 08:32:41 GMT)

The Accounting Aisle Expands Their Network of Local Accountants
Today the Accounting Aisle announced the addition of the 500th accounting firm to its network. The Accounting Aisle simplifies a small business owners search for an accountant. This increased level of coverage provides more accounting options to businesses nationwide. (Thu, 14 Aug 2008 10:00:00 GMT)

Revenue Recognition Authority Offers Strategies for Convergence of Accounting Standards: A Softrax Webcast
Softrax Corporation, a leading provider of enterprise revenue management and billing solutions today announced that it will present a live executive webcast featuring guest speaker Dr. Ashwinpaul "Tony" Sondhi, who served as an advisor to the FASB on its project comparing US and IFRS reporting. Dr. Sondhi will discuss the IFRIC Project on Linkage of Contracts, examining how US GAAP accounting ... (Thu, 14 Aug 2008 12:41:42 GMT)

Fair-value accounting bites into US energy cos
AccountancyAge.com, Accountancy Age , Thursday 14 August 2008 at 16:09:00 Fair-value accounting has taken bites off energy companies’ second-quarter earnings Several US companies have reported sharp drops in profits, affected by the high oil and gas prices on their valuations of derivatives, which were measured at fair value on June... (Thu, 14 Aug 2008 15:30:14 GMT)

Coming revolution in accounting
Bean counters at public companies in Chicago and elsewhere are preoccupied with soft markets and tight credit, when perhaps they should be focused on an even bigger problem: a seismic change in their own ground rules. (Fri, 15 Aug 2008 09:12:28 GMT)

Accounting classes riding a wave of popularity
SAN DIEGO -- The weather is balmy and the local beaches are inviting, so naturally San Diego State University students are thinking about ... accounting. (Fri, 15 Aug 2008 10:55:29 GMT)

Corporate News: MetroPac profits flat due to tougher accounting rules
PROFITS OF Metro Pacific Investments Corp. (MPIC), the Pangilinan-led firm that has expanded to utilities and hospitals, barely moved in the first half with the adoption of tougher accounting rules, but officials said the second half could be better. (Fri, 15 Aug 2008 12:54:46 GMT)

Los Alamos schools blames poor accounting for $6.6 million writeoff
Associated Press - August 15, 2008 8:55 AM ET LOS ALAMOS, N.M. (AP) - Los Alamos public schools officials blame poor accounting for the district writing off $6.6 million in capital... (Fri, 15 Aug 2008 13:06:05 GMT)

School district blames accounting for $6.6M writeoff
LOS ALAMOS, N.M. (AP) - Los Alamos public schools officials blame poor accounting for the district writing off 6.6 million dollars in capital assets. (Fri, 15 Aug 2008 13:48:28 GMT)

UK prof gets prestigious accounting award
Faculty member Robert Ramsay of the University of Kentucky’s Gatton College of Business and Economics, has received one of the most prestigious academic awards in the field of accounting. (Fri, 15 Aug 2008 15:54:12 GMT)

MetroPac profits flat due to tougher accounting rules
MANILA, Philippines - Profits of Metro Pacific Investments Corp. (MPIC), the Pangilinan-led firm that has expanded to utilities and hospitals, barely moved in the first half with the adoption of tougher accounting rules, but officials said the second half could be better. (Fri, 15 Aug 2008 16:20:56 GMT)

Ousted Texas Southern president returning to JSU to teach accounting
Ousted Texas Southern President and Mississippi native Priscilla Slade is returning to her alma mater, Jackson State University, where she will teach accounting this fall. (Sat, 16 Aug 2008 06:36:53 GMT)

Accounting for KP was elementary, if a little lucky
SCOTLAND cricket captain Ryan Watson has good reason for wanting to renew a rivalry with England counterpart Kevin Pietersen when the teams clash in Monday's historic inau (Sat, 16 Aug 2008 11:11:13 GMT)

Call accounting or director to get bill paid
Dear Jerry: (Sun, 17 Aug 2008 10:17:44 GMT)

Ringing Registers: Music to Epicor's Ears
Epicor Software likes the sound of a ringing cash register just as much as its big retail customers. The Irvine, Calif., company, which makes enterprise resource planning software that helps midsize companies manage accounting, customer contacts, inventory, sales and other tasks, is seeing growing sales to specialty retailers and department stores. (Sun, 17 Aug 2008 12:02:48 GMT)

In Areas Under Russian Control, Limits for Western Media
Journalists? inability to visit villages routed in the conflict make a public accounting of the aftermath of the violence in South Ossetia and northern Georgia all but impossible. (Mon, 18 Aug 2008 03:34:23 GMT)

Accounting graduates find plenty of opportunities in Memphis
New 2008 accounting recruits are having little trouble finding work in the Memphis area despite economic hiccups, according to several of the city's largest public accounting firms. (Mon, 18 Aug 2008 05:28:13 GMT)

Accounting firm prepared for changing of the guard
For more than 16 years, Ray Berend has served as the managing partner of locally based accounting firm Padgett, Stratemann & Co. LLP. (Mon, 18 Aug 2008 06:47:42 GMT)

Work environment, salary help keep new accountants
Given the hot competition for young accounting recruits, how do you find, hire and keep them? (Mon, 18 Aug 2008 07:06:25 GMT)

Israel Oil Refineries Q2 net profit falls, revs up
TEL AVIV, Aug 18 (Reuters) - Israel's Oil Refineries said on Monday its second-quarter net profit fell despite sharply higher revenue due to the adoption of new accounting standards as well as higher expenses. (Mon, 18 Aug 2008 08:22:27 GMT)

Entrepreneurs have multiple learning options
An entrepreneur who's mystified by accounting or assembling a marketing plan can get some help, and soon, with the arrival of the fall semester. (Mon, 18 Aug 2008 08:49:29 GMT)

ASEAN gives 40% foreign investment
VietNamNet Bridge – ASEAN member-countries have invested nearly US$17.5 billion in Vietnam this year, accounting for 40 per cent of the total foreign direct investment in the period. (Mon, 18 Aug 2008 12:50:59 GMT)

Accounting software answers emissions call
LOCAL company Supply Chain Consulting has developed world-first carbon accounting software so businesses can measure product footprints across global manufacturers and from factory floor to shop. (Mon, 18 Aug 2008 14:00:00 GMT)

New accounting package introduced
Pastel Software Zimbabwe has introduced an accounting package designed for new businesses or small businesses that have no accounting software. (Mon, 18 Aug 2008 14:23:35 GMT)

Get sales leads online
When Black Line Group, a Minneapolis accounting firm, wanted to drum up business, it hired telemarketers - lots of them. The effort was a bust, says Black Line marketing chief Scott Schmidt, largely because "so many companies have gate-keepers between the decision-maker and you." (Mon, 18 Aug 2008 14:28:56 GMT)

Rodefer Moss merger means seven accounting offices in three states
One of the state's largest accounting firms is merging with Kentucky and Indiana firm Melhiser Endres Tucker CPAs to create a firm with seven offices in three states. (Mon, 18 Aug 2008 16:01:22 GMT)

IFRS Not Just About Technical Accounting; Technology and Systems Important for Successful Implementation
Much of the talk around convergence and adoption of International Financial Reporting Standards has understandably focused on the impact on accounting and financial reporting functions. (Mon, 18 Aug 2008 18:23:00 GMT)

ASTRO Promotes Corporate Relations Staff, Hires Accounting Manager
The American Society for Therapeutic Radiology and Oncology has promoted a long-time member of its Corporate Relations Department and hired a new accounting manager in its Finance Department. (Mon, 18 Aug 2008 19:19:42 GMT)

Wolverine Tube cans Q2 results after finding accounting errors
David Jetuah, Accountancy Age , Tuesday 19 August 2008 at 10:17:00 American copper producer delays its second quarter results in the wake of inventory errors being uncovered Wolverine Tube has had to delay the release of its second quarter results after finding accounting errors in its inventory numbers.... (Tue, 19 Aug 2008 09:30:24 GMT)

Billhighway.com First to Deliver Simultaneous Bank-to-Accounting Data Transfers for Real-Time Cash Flow 24/7
Billhighway.com is delivering to its nonprofit customers something no one else is -- true cash accounting 24-hours a day from anywhere on the planet. Billhighway.com's unique financial program is the only online service to link virtual bookkeeping with a customer's banking transactions as they occur. (Tue, 19 Aug 2008 12:20:00 GMT)

Local accounting firm and Deloitte sign pre-nup
A mid-size Ottawa-area accounting firm is planning to merge with global giant Deloitte & Touche. Deloitte, which has a large local professional services practice with more than 300 accountants, said it has signed a memorandum of understanding with Scott, Rankin & Gardiner to unite the two firms. (Tue, 19 Aug 2008 13:24:09 GMT)

Deloitte & Touche absorbs Ottawa accounting firm
Independent accounting firm Scott, Rankin & Gardiner says it will join international giant Deloitte & Touche this fall. (Tue, 19 Aug 2008 17:59:46 GMT)

No Love For ReneSola
The solar company reported strong results, but investors were thrown off by a change in accounting methods. (Wed, 20 Aug 2008 03:11:45 GMT)

CITY OF TONAWANDA: Local accounting firms merge
Two local accounting firms joined forces nearly a year ago, but the state just recently approved the venture’s name. (Wed, 20 Aug 2008 04:59:10 GMT)

KashFlow Partners With Paypal to Launch Unique Web-Based Accounting Software Package
KashFlow, the accounting software company, and PayPal, the leading online payment provider, have linked up to provide a fully automated web-based accounting and payment integration package. The package is the first of its kind and means small business owners who run online retail sites or eBay shops will now have an automated and seamless online process for logging sales on their accounting ... (Wed, 20 Aug 2008 07:01:00 GMT)

Nigeria: Varsities to Have Uniform Accounting Manuals
Auditor- General of the Federation, Mr. Onoriode Robert Ejenavi has launched a Uniform Accounting Manual for Universities to ensure proper accountability and transparency in the system. (Wed, 20 Aug 2008 11:22:11 GMT)

(AFX UK Focus) 2008-08-20 14:09 China Shenghuo sees delay in filing 2Q Form 10-Q, cites accounting errors
BOSTON (Thomson Financial) - China Shenghuo Pharmaceutical Holdings Inc. Wednesday said it expects the filing of its second-quarter report on Form 10-Q will be delayed beyond the Aug. 14 deadline because of errors in the accounting for certain sales representative commission advances and trade receivables. (Wed, 20 Aug 2008 13:34:28 GMT)

Local award winners
The Michigan Accountancy Foundation, a nonprofit organization that promotes excellence in accounting education, selected 30 Michigan college students as recipients of its annual MAF Fifth/Graduate Year Scholarship. Recipients of the MAF scholarship are to receive $4,000 each for a combined total of $120,000 to help fund their fifth or graduate year. Several of the students received named ... (Thu, 21 Aug 2008 07:20:25 GMT)

Accounting uncreative but effective
The accounting in Elementary School District 54 has been decidedly uncreative for the past 25 years. And they keep winning awards for it. This is the 25th year in a row the district has won the Association of School Business Officials International's (ASBO) Certificate of Excellence in Financial Reporting Award. (Thu, 21 Aug 2008 09:33:41 GMT)

2008 Southeastern Accounting Show
1143. Details: This session will discuss the regulatory requirements for analytical review and financial analysis techniques. It will also cover technological advances that enhance analytical review efficiency and effectiveness. (Thu, 21 Aug 2008 11:02:06 GMT)

Harman International Appoints Jennifer Peter as Chief Accounting Officer
WASHINGTON----Harman International Industries, Incorporated announced today that it has appointed Jennifer Peter as Vice President and Chief Accounting Officer, effective October 1, 2008. (Thu, 21 Aug 2008 13:42:00 GMT)

KCS Announces the Promotion of Edward E. Scott to Vice President Capital Investment Accounting
KANSAS CITY, Mo.----Kansas City Southern and its subsidiaries announced today the promotion of Edward E. Scott from assistant vice president to vice president capital investment accounting. (Thu, 21 Aug 2008 14:33:00 GMT)

Accounting Management Solutions Named by Inc. Magazine Among Fastest-Growing Private Companies for Third Consecutive ...
Accounting Management Solutions, Inc., a leading provider of accounting, financial management, and consulting services to private, public, and nonprofit organizations, has been named one of the fastest-growing private companies in the United States by Inc. magazine for the third consecutive year. (Thu, 21 Aug 2008 16:34:00 GMT)

Double-Count Accounting Magic
The dollar, to my utter astonishment, has been strengthening lately, when it should be collapsing, as befits the currency of the biggest debtor nation in the world that has borrowed so damned much money, for so many decades, and which now has an economy comprised mainly of shuffling financial assets about, growing a huge, suffocating, labyrinthine system of spend-o-holic governments supporting ... (Fri, 22 Aug 2008 03:53:42 GMT)

Caltex Australia Plant Work to Limit Output in 2009 (Update2)
Aug. 22 (Bloomberg) -- Caltex Australia Ltd. , the nation's biggest oil refiner, said ``major'' work at a plant accounting for almost half its capacity will limit 2009 output, after unplanned shutdowns cut production and profit in the first half. (Fri, 22 Aug 2008 08:13:49 GMT)

Xero set to make Mac users passionate about online accounting software
LONDON----Mac users are generally more likely to rave about their computers' great graphical capability than the business software they can use, but a new online accounting package called Xero is out to change all that. (Fri, 22 Aug 2008 08:22:00 GMT)

Tops stocking up on accountants
Tops Markets has begun hiring for 40 accounting jobs as it continues to rebuild employment at its Amherst headquarters. (Fri, 22 Aug 2008 11:30:10 GMT)

(AFX UK Focus) 2008-08-22 11:40 Germany's D.Bahn finds accounting fraud at Schenker unit
BERLIN, Aug 22 (Reuters) - German rail operator Deutsche Bahn [DBN.UL] said on Friday it had discovered an accounting fraud at its Schenker freight unit in Belgium which amounted to several tens of millions of euros going back several years. "There were false accounts and we are talking about several tens of millions of euros," a spokeswoman said. The fraud would not, however, affect the ... (Fri, 22 Aug 2008 13:53:27 GMT)

Chuck Liddell
Chuck "the Iceman" Liddell still lives in the town of his alma mater. That's right: This trained lethal weapon earned a B.A. in accounting at Cal Poly before claiming the Ultimate Fighting Championship light heavyweight title in 2005. (Fri, 22 Aug 2008 14:01:20 GMT)

SEC may back international accounting standards
U.S. companies would be able to file financial results using international accounting standards according to a timetable U.S. securities regulators will propose next week. (Fri, 22 Aug 2008 18:28:23 GMT)

Appeals court denies challenge to accounting law
A federal appeals court on Friday denied a constitutional challenge to a 2002 anti-fraud law that created a board to oversee the accounting industry after a wave of business scandals. (Fri, 22 Aug 2008 19:36:29 GMT)

3rd UPDATE:Appeals Court: Accounting Board Is Constitutional
(Adds comment from plaintiffs' lawyer and CFA Institute, adds background on PCAOB budget.) WASHINGTON -(Dow Jones)- A federal appeals court on Friday rejected a constitutional challenge to the Public Company Accounting Oversight Board, which oversees U.S. public company accountants. (Fri, 22 Aug 2008 20:16:44 GMT)

Former Hayes Lemmerz executive convicted of accounting fraud
A federal jury on Wednesday found a former executive of Hayes Lemmerz International liable for securities fraud related to an accounting scheme that ran from 1999 to 2001. (Fri, 22 Aug 2008 21:45:43 GMT)

Brazil To Overhaul Government Accounting Criteria - Mantega
SAO PAULO -(Dow Jones)- Brazil's government is starting a process to overhaul federal accounting criteria to better conform to international standards, Finance Minister Guido Mantega told the local Estado newswire Friday. (Fri, 22 Aug 2008 22:01:35 GMT)

DryShips Dives On Accounting Issues
The Greek drybulk shipper misses expectations, but strong fundamentals should help it stay afloat. (Fri, 22 Aug 2008 22:41:39 GMT)

Appeals court upholds accounting law
A federal appeals court in Washington Friday upheld the Sarbanes-Oxley Act of 2002, which is aimed at protecting American investors.The U.S. Court of Appeals for the District of Columbia Circuit rejected a lawsuit that challenged the creation of a non-profit board to set auditing requirements and police the accounting firms that audit public companies, The Washington Post reported Friday.The ... (Sat, 23 Aug 2008 00:45:01 GMT)

2nd Circuit: Attorney Fees and Accounting Costs Part of Restitution
Attorney fees and accounting costs may be included in a restitution order under the Mandatory Victims Restitution Act, the 2nd Circuit ruled Thursday in a case of first impression. The court rejected the argument that only those expenses specifically mentioned in the statute, or similar expenses, should qualify for restitution. The court upheld restitution of nearly $3.1 million in attorney fees ... (Sat, 23 Aug 2008 01:34:37 GMT)

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