Online Accounting and Tax Resources

Custom Search

Home

Accounting News

Home Security News May 2009

Custom Search

Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | 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

U. Summer Accounting Institute Registration Available
VERMILLION — High school sophomores and juniors interested in pursuing an accounting career can register for the 2009 Summer Accounting Institute at The University of South Dakota. (Fri, 22 May 2009 10:25:06 GMT)

Accounting professor: break up the Big Four audit market
Accountancy Age, Accountancy Age , Friday 22 May 2009 at 11:22:00 Accounting academic call for radical reform of audit market to restore the value of the audit A high-profile academic has called for the big accounting firms to be stripped of their bank audits and for an independent enquiry into the 'continuing failure of auditors to deliver... (Fri, 22 May 2009 10:45:18 GMT)

Accounting professor: break up the Big Four audit market
A high-profile academic has called for the big accounting firms to be stripped of their bank audits and for an independent enquiry into the 'continuing failure of auditors to deliver meaningful audits'. (Fri, 22 May 2009 10:55:29 GMT)

Newark, Lakewood, SW Licking win accounting awards
NEWARK -- Three Licking County school districts received awards for outstanding accounting Thursday from Ohio Auditor Mary Taylor. (Fri, 22 May 2009 11:04:49 GMT)

BA slams accounting rules as deficit soars
The chief financial officer of British Airways has critisised accounting measures for contributing to the £1.2bn (€1.3bn) increase in the company’s pension deficit over the last year, but rising bond yields helped soften the blow by reducing its schemes’ liabilities. (Fri, 22 May 2009 11:41:33 GMT)

Compleat Software Announces Spend Control Workshops With Four New Channel Partners to Enable Commitment Accounting
Compleat Software Limited http://www.compleatsoftware.com , a provider of e-procurement, expense and cashflow management solutions, today announces four new channel partners for its e-procurement software - Compleat - that enables web-based purchase ordering, commitment accounting and better cashflow management. (Fri, 22 May 2009 14:45:00 GMT)

Owner of Alpha Accounting to Address Career Group Ministry at Saint Andrews Presbyterian Church
RALEIGH, N.C. –The Career Group Ministry at Saint Andrews Presbyterian Church has announced that Leslie Hamm, owner of Alpha Accounting, a QuickBooks consulting firm established in 1996, will be the speaker at the organization’s next meeting, which will be held on Wednesday, May 27 from 7:30 a.m. to 9:15 a.m. in the church’s fellowship hall , located at 7506 Falls of Neuse Road. Hamm , who will ... (Fri, 22 May 2009 15:49:23 GMT)

The forensics behind accounting
Anyone who thinks accounting is boring needs to talk to Don Berecz. (Fri, 22 May 2009 18:15:09 GMT)

Compleat Software Announces Spend Control Workshops With Four New Channel Partners to Enable Commitment Accounting
GUILDFORD, England, May 22 /PRNewswire/ -- - Spend Control Workshops During May, June and July Provide Attendees With the Opportunity to Benchmark Their Purchasing Processes Against Commitment Accounting Compleat Software Limited http://www.compleatsoftware.com (formerly Vectra IT Limited), a provider of e-procurement, expense and cashflow management solutions, today announces four new channel ... (Fri, 22 May 2009 19:20:38 GMT)

2 East Coast public accounting firms to merge
Associated Press - May 23, 2009 11:13 AM ET NEW YORK (AP) - Two major East Coast public accounting firms are merging as of June 1 to create a 10-office firm with operations in New Jersey,... (Sat, 23 May 2009 15:24:00 GMT)

2 East Coast public accounting firms to merge
Two major East Coast public accounting firms are merging as of June 1 to create a 10-office firm with operations in New Jersey, Connecticut, Florida, New York state and Grand Cayman. New York City-based Marcum & Kliegman LLP is merging with Florida-based... Related: New York - New Jersey - Connecticut - Grand Cayman - United States (Sat, 23 May 2009 15:33:24 GMT)

BAM: WE'RE BROKE
President Obama has checked the accounting ledgers and come to a disturbing conclusion: The government is broke. "We are out of money," Obama said during a lengthy interview with C-SPAN that aired yesterday morning. He was responding to a... (Sun, 24 May 2009 10:27:06 GMT)

The new standards demand greater disclosure norms which were hidden under cash-based system of accounting
In a move that will bring greater clarity in the way public finances are presented, the government is planning to issue five accounting standards for its different departments to follow. (Sun, 24 May 2009 19:08:43 GMT)

ICAI to update accounting norms for oil and gas industry
The Institute of Chartered Accountants of India (ICAI) will soon update the accounting norms for oil and gas industry to keep pace with the technological developments in the sector. (Sun, 24 May 2009 19:09:23 GMT)

CPA survey shows declining pessimism among accounting executives
CFOs and other executive-level CPAs are less pessimistic about the economy than they were three months ago, according to a recent report from the American Institute of Certified Public Accountants. (Mon, 25 May 2009 06:24:16 GMT)

Accounting professor sees growing importance of ethics education in profession
As a Bellarmine University professor of accounting, Richard W. Schrader has more than numbers on his mind. With the business and political scandals involving corporate accounting practices, the subject of ethics in accounting is in the air in classrooms on campus. (Mon, 25 May 2009 07:08:08 GMT)

Accounting: Firms begin training for international standards
To be in compliance with the Securities & Exchange Commission when it switches from the United States Generally Accepted Accounting Principles to the International Financial Reporting Standards, accounting firms are continuing to train their employees in international standards. (Mon, 25 May 2009 10:02:59 GMT)

Climate change: World's destiny at stake, big economies told
PARIS - Ministers from economies accounting for 80 percent of the globe's greenhouse gases met here Monday and heard warnings that "the world's destiny" may lie in the outcome of a mooted climate change pact. (Mon, 25 May 2009 14:19:39 GMT)

ACCOUNTING STANDARDS, FINANCIAL REPORTING OUTCOMES AND ENFORCEMENT
In this paper, I draw parallels between the literatures on the effects of law on the financial development of countries and on the effects of accounting standards on financial reporting outcomes. (Mon, 25 May 2009 20:10:25 GMT)

MARY DOUGLAS, RISK AND ACCOUNTING FAILURES
Sociology and anthropology are especially valuable in providing a critical understanding of the risk-related implications of modernity. (Tue, 26 May 2009 09:10:25 GMT)

Asia's accounting industry has room to grow despite financial crisis fallout
SINGAPORE: Asia's accounting industry is expected to continue growing faster than the rest of the world and that's encouraging international accounting bodies to expand their operations in the region. (Tue, 26 May 2009 11:49:52 GMT)

Microsoft Dynamics GP, Offered by InterDyn BMI, Ideal Accounting Solution for Growing Businesses
Microsoft Dynamics partner offers solution designed to synch with increased data reporting and integration needs (Tue, 26 May 2009 13:00:00 GMT)

Business Incorporation Affiliate Program for Law Practices and Accounting Firms Available Now at MaxFilings
Online incorporation service MaxFilings today announced a new business incorporation affiliate program for law practices and accounting firms looking to offer full business incorporation services. The affiliate program is an ideal solution for firms who don't now offer such services, and for those who do, it offers an opportunity to improve service while at the same time reducing costs. (Tue, 26 May 2009 15:09:00 GMT)

JPMorgan’s WaMu Windfall Turns Bad Loans Into Income (Update1)
May 26 (Bloomberg) -- JPMorgan Chase & Co. stands to reap a $29 billion windfall thanks to an accounting rule that lets the second-biggest U.S. bank transform bad loans it purchased from Washington Mutual Inc. into income. (Tue, 26 May 2009 15:13:18 GMT)

Business Incorporation Affiliate Program for Law Practices and Accounting Firms Available Now at MaxFilings
Law and Accounting Firms Can Now Offer Full-Service Online Incorporation Services Without Diverting Focus From Their Core Practices (Tue, 26 May 2009 15:21:05 GMT)

Political Pressure Threatens Accounting Boards
Members of the international Financial Crisis Advisory Group warned at a meeting in London that political pressure on accounting standard-setters posed a threat to the very existence of international accounting standards. (Tue, 26 May 2009 21:21:13 GMT)

AFI Posts Q1 Income Jump On New Accounting Rules
27 May 2009 Bloomberg AFI Development, the Russian property developer controlled by billionaire Lev Leviev, said first-quarter profit jumped as the company's assets were revalued because of an accounting change. (Tue, 26 May 2009 21:54:54 GMT)

Accounting
Theresa Jenks from the accounting firm W. Bradley Cooper Jr., CPA PA, has recently been promoted to head bookkeeper. (Wed, 27 May 2009 03:47:39 GMT)

Shell could cut costs in accounting
Accountancy Age, Accountancy Age , Wednesday 27 May 2009 at 08:24:00 Oil giant poised for restructuring as new CEO prepares plan Shell, the oil giant, could be about to target accounting as a place to cut costs as its new chief executive prepares to take over.... (Wed, 27 May 2009 07:29:36 GMT)

Shell could cut costs in accounting
Shell, the oil giant, could be about to target accounting as a place to cut costs as its new chief executive prepares to take over. (Wed, 27 May 2009 07:55:29 GMT)

Grand jury slams city over accounting
The county grand jury has condemned the city of Oceanside and MainStreet Oceanside, a private nonprofit organization that promotes the city's downtown, for sloppy accounting of more than a half-million dollars in public money. (Wed, 27 May 2009 09:24:54 GMT)

The Accend Group Joins with Valcom Computer Center and C7 Data Center to Put Accounting Services Entirely Online
SALT LAKE CITY----In a move that provides additional convenience and services for The Accend Group's 45-plus virtual CFO and outsourced accounting clients, the company has joined with the Valcom Computer Center and C7 to make accounting services available entirely online. (Wed, 27 May 2009 15:48:00 GMT)

AFL-CIO’s Finances Masked by Creative Accounting, Official Says
May 27 (Bloomberg) -- The AFL-CIO, the largest U.S. union organization, used “creative accounting” to disguise “a crippling cash-flow situation,” according to a report by a union leader. (Thu, 28 May 2009 00:28:33 GMT)

AFL-CIO’s Creative Accounting Masked Finances, Official Says
May 28 (Bloomberg) -- The AFL-CIO, the largest U.S. union organization, masked deteriorating finances through “creative accounting,” according to a union leader. (Thu, 28 May 2009 04:01:01 GMT)

CANADIAN ACCOUNTING STANDARDS BOARD MAY 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, 28 May 2009 08:41:02 GMT)

THE DEVELOPMENT OF INFLATION ACCOUNTING IN TURKEY
Turkey, as a developing country, suffered from high inflation rates for many years. However inflation accounting was not applied till the year 2003 because of some political reasons. The high rates of inflation heavily distorted the financial statements of the companies in Turkey. (Thu, 28 May 2009 08:41:32 GMT)

IASB PROPOSES TO CLARIFY THE ACCOUNTING FOR PREPAYMENTS FOR PENSION PLANS
The International Accounting Standards Board (IASB) this week published for public comment an exposure draft of proposed amendments to IFRIC 14 IAS 19 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction.... (Thu, 28 May 2009 09:40:41 GMT)

ICAI to frame accounting norms for farm sector
Corporatisation of agriculture and vast income potential of commercial crops have attracted the attention of accounting regulator ICAI, which for the first time is evolving accounting norms for the sector. (Thu, 28 May 2009 11:54:06 GMT)

Kimball International Promotes Schroeder; Michelle Schroeder Appointed Vice President, Chief Accounting Officer
JASPER, Ind.----Kimball International, Inc. announces the promotion of Michelle R. Schroeder to the position of Vice President, Chief Accounting Officer for this global manufacturer of electronic components and commercial furniture, headquartered in southern Indiana. (Thu, 28 May 2009 12:32:00 GMT)

Cerner names Battaglioli as chief accounting officer
Cerner Corp. has named Michael Battaglioli as chief accounting officer, a new position. (Thu, 28 May 2009 21:27:04 GMT)

Creative accounting masked AFL-CIO’s finances, official says
The AFL-CIO, the largest U.S. union organization, concealed deteriorating finances through “creative accounting,” according to a union leader. Obama. Net assets of the 11 million-member AFL-CIO declined to a negative $2.3 million as of June 30, 2008, from a $66 million surplus on July 1, 2000. (Fri, 29 May 2009 00:37:54 GMT)

Accounting error aside, rape crisis center missing money
An accounting mistake led to the state reporting inflated reimbursement figures of what it sent to the local rape crisis center over the past two fiscal years. (Fri, 29 May 2009 05:02:43 GMT)

CRITICAL THINKING ABOUT CREATIVE ACCOUNTING IN THE FACE OF A RECENT SCANDAL IN THE TURKISH BANKING SECTOR
In the last two decades, serious accounting scandals occurred in large companies (e.g. WorldCom and Enron) and in the banking sector (e.g. BCCI, Barings, Allied Irish Bank and Baninter). (Fri, 29 May 2009 07:55:40 GMT)

Medical Marijuana, Inc Files Provisional Patent Application for Inventory Distribution and Accounting Solution
Medical Marijuana, Inc announced today that it filed a provisional patent application for its newest invention that delivers an inventory management, supply chain infrastructure and accounting solution to the medical marijuana industry. (Fri, 29 May 2009 08:20:00 GMT)

Medical Marijuana, Inc Files Provisional Patent Application for Inventory Distribution and Accounting Solution
MARINA DEL REY, CA--(Marketwire - May 29, 2009) - Medical Marijuana, Inc ( PINKSHEETS : MJNA ) announced today that it filed a provisional patent application for its newest invention that delivers an inventory management, supply chain infrastructure and accounting solution to the medical marijuana industry. Using this improved inventory management, distribution and accounting system, Cannabis ... (Fri, 29 May 2009 08:35:42 GMT)

Tata Motors 4th-Quarter Net Beats Estimate on Accounting Change
May 29 (Bloomberg) -- Tata Motors Ltd., the Indian truck maker that owns Jaguar and Land Rover, posted a better-than- estimated profit helped by a change in accounting rules. (Fri, 29 May 2009 10:56:42 GMT)

Tata Motors Net Beats Estimate on Accounting Change (Update1)
May 29 (Bloomberg) -- Tata Motors Ltd., the Indian truck maker that owns Jaguar and Land Rover, posted profit that beat analysts’ estimates as a change in accounting rules negated a drop in sales. (Fri, 29 May 2009 11:08:53 GMT)

Winland Electronics, Inc. Selects New Independent Registered Public Accounting Firm
MANKATO, Minn.----Winland Electronics, Inc. , a leading designer and manufacturer of custom electronic control products and systems, today announced that the Board of Directors has selected Virchow Krause & Company, LLP to succeed McGladrey & Pullen, LLP as the Company's independent registered public accounting firm, effective immediately. (Fri, 29 May 2009 14:00:00 GMT)

Risk Capital Partners United States: FIN 48 - Accounting For Uncertainty And Insuring The Results
One of the recent efforts to force companies to disclose potential pitfalls to investors is FIN 48, an accounting rule regarding uncertain tax positions. (Fri, 29 May 2009 16:22:09 GMT)

JPMorgan EPS Hit by Accounting Change
JPMorgan Chase reduced earnings per share reported over a five-year span ending last year by several cents each, due to an accounting change. (Fri, 29 May 2009 16:27:58 GMT)

Accounting Grads Can Turn Executives
Some accounting grads may leave school knowing they want to be accountants, but there is a growing percentage that aspires to leadership positions, using accounting as a platform for other roles. (Fri, 29 May 2009 16:36:13 GMT)

Kimball International names Michelle Schroeder chief accounting officer
Kimball International Inc. has named Michelle R. Schroeder as its new chief accounting officer. (KBALB) (Fri, 29 May 2009 18:43:44 GMT)

Accounting rule cuts into schools' funds
A Cabell County school official says a new accounting procedure is taking a bigger bite out of the school system's budget and could eventually pull from funds that now go into the classroom. (Sat, 30 May 2009 03:27:31 GMT)

International Financial Reporting Scandal? New accounting not to every taste
TORONTO - Anyone who admires the effectiveness of the United Nations and enjoyed Canada's conversion to the metric system can look forward to a treat on Jan. 1, 2011: International Financial Reporting Standards. (Sat, 30 May 2009 16:07:00 GMT)

Oh, No! What Happened to Archway?
The maker of Archway cookies, bought by a private equity firm in 2005, was hit by an accounting scandal last year that hastened its collapse. (Sun, 31 May 2009 04:06:03 GMT)

Developer Africa Israel Q1 profit soars
JERUSALEM, May 31 (Reuters) - Real estate developer Africa Israel Investments on Sunday reported a surge in first-quarter net profit, boosted by accounting changes, efficiency measures and improved results at its subsidiaries. (Sun, 31 May 2009 13:38:34 GMT)

Appropriate cost accounting records will improve competitiveness
The Expert Group, appointed by the Ministry of Corporate Affairs, to review the Cost Accounting Record Rules and Cost Audit Report Rules observes that maintenance of appropriate cost accounting records by firms and effective cost audit will contribute to improving the competitiveness of the Indian industry. (Sun, 31 May 2009 18:41:23 GMT)

Forensic Accounting: Exponential Growth
"Fraud is a growth industry, unfortunately. There's never been a shortage of bad people doing bad things," says Andrew Bernstein, former director of forensic practices at Big Four firms and director of forensic and valuation services with Miami-based Berkowitz Dick Pollack & Brant. (Sun, 31 May 2009 19:36:13 GMT)