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Accounting News 06/2009



Traffic accounting with SNMP and Python on Windows (Linux Today)
FOSS Boss: "If you're not on a flat-rate ISP data-plan, and your ISP made you pay extra last month such as myself :) You might be interested in monitoring your home bandwidth."

Accounting Software Buyers Guide Includes 30 Questions Every CFO Should Ask To Compare the Real Cost of a Complete ... (PRWeb via Yahoo! News)
CAL Business Solutions announces the release of a new white paper aimed at educating accounting software buyers on ways to save money and avoid hidden costs when buying new ERP/accounting software. Companies will find sixteen buying tips and thirty cost-saving questions to ask a valued added reseller (VAR) in the free white paper "30 Questions Every CFO Must Ask About The Cost of Accounting ...

Accounting for change (BizJournals)
Portland-area accounting firms, accustomed to new tax laws and compliance rules each year, have reacted quickly to a host of additional demands spurred by the recession.

LarsonAllen to acquire accounting firm Cronstrom, Osuch & Co. PC (BizJournals)
LarsonAllen LLP is set to acquire Scottsdale accounting firm Cronstrom, Osuch & Co. PC, bolstering the Minneapolis firm’s practice in the government and nonprofit sectors.

'Pivotal role' for accounting firms in improving risk controls (China Daily)
The risk management flaws exposed by the outbreak of the global credit crisis are forcing financial institutions and corporations around the world to revise their business models and shape up their managements.

Excel Maritime Announces Filing of Recast Financial Information Resulting From Adoption of New Accounting Principles (Marketwire via Yahoo! Finance)
Excel Maritime Carriers Ltd, an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today that it has filed a Report on Form 6-K containing its consolidated financial statements and related information and data as of and for the year ended December 31, 2008, that have been adjusted to reflect its adoption of ...

Excel Maritime Announces Filing of Recast Financial Information Resulting From Adoption of New Accounting Principles (Marketwire)
ATHENS, GREECE--(Marketwire - June 1, 2009) - Excel Maritime Carriers Ltd ( NYSE : EXM ), an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today that it has filed a Report on Form 6-K (the "Form 6-K") containing its consolidated financial statements and related information and data as of and for the year ended ...

Accounting questions at Archway noted in filings in Del bankruptcy court (The Delaware Business Ledger)
Can a company that made Mother's Cookies end up in a accounting scandal? Delaware bankruptcy court filings hint that may be the case when it came to Archway Cookies, parent company of Mother's.

Accounting firm Virchow Krause changes name (The Capital Times)
Madison-based accounting firm Virchow Krause and Co. is operating under a new name today, now known as Baker Tilly Virchow Krause.

Kodak Names New Chief Accounting Officer (R News)
Kodak announced a new chief accounting officer. The company's board of directors elected Eric Samuels as corporate controller and chief accounting officer effective July 1.

Accounting firms merge (The Portland Business Journal)
Two local accounting firms have merged to create a 90-person practice in Lake Oswego.

IAB Research Indicates That Men Still Dominate Senior Accounting Positions (SmartPros Accounting)
May 18, 2009 (SmartPros) New survey from International Accounting Bulletin shows that the gender balance at professional level has largely evened out, but huge disparities remain at senior executive and partner level.

Accounting firm opens Austin office (Fort Worth Star-Telegram)
Weaver and Tidwell, the Southwest’s largest independent regional accounting firm, has opened an Austin office.

ICAI mulling separate insurance specific accounting norms (Business Standard India)
Institute of Chartered Accountants (ICAI) is planning to come out with insurance-sector specific accounting standards which will provide more information to stakeholders, a top official said.

Accounting questions at Archway noted in filings in Del bankruptcy court (The Delaware Business Ledger)
Can a company that made Mother's Cookies end up in a accounting scandal? Delaware bankruptcy court filings hint that may be the case when it came to Archway Cookies, parent company of Mother's.

Ricoh Announces Technesis Print Control System Document Accounting Solution (ThomasNet)
RiSVP Member Software to Reduce Total Cost of Ownership WEST CALDWELL, N.J., May 18 -- Ricoh Americas Corporation, a leading provider of digital office equipment, today announced the release of Technesis Print Control System, a document accounting software solution that architectural and engineering firms can use to lower their wide format printing costs and reduce waste. The software reduces ...

SmartVault Wins CPA Technology Advisor's Tax & Accounting Technology Innovation Award (Marketwire via Yahoo! Finance)
At the California Accounting & Business Show and Conference, SmartVault, a leading Software-as-a-Service provider of document management solutions designed for QuickBooks, announced its document management product, SmartVault, was honored with a Technology Innovation Award ( (link) 1$2397) from ...

SmartVault Wins CPA Technology Advisor's Tax & Accounting Technology Innovation Award (Marketwire)
LOS ANGELES, CA--(Marketwire - June 2, 2009) - At the California Accounting & Business Show and Conference, SmartVault ( www.smartvault.com ), a leading Software-as-a-Service provider of document management solutions designed for QuickBooks, announced its document management product, SmartVault, was honored with a Technology Innovation Award ( ...

Accounting failures ‘hide true scale of emissions’ from ships (icWales)
Accounting failures ‘hide true scale of emissions’ from UK vessels

Medical Marijuana seeks patent for inventory management & accounting solution (PharmaBiz)
Medical Marijuana, Inc has 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.

Cher sues Universal Music over 'creative accounting' (vnunet.com)
Accountancy Age, Accountancy Age , Wednesday 3 June 2009 at 09:53:00 Cher claims UMG hid royalties owed to her and Sonny Bono by attributing income to international arm. Cher has sued Universal Music group over $US 5 million in royalties she believes the company hid through creative accounting that she and the heirs of her late ex-husband, Sonny...

Cher sues Universal Music over 'creative accounting' (Accountancy Age)
Cher has sued Universal Music group over $US 5 million in royalties she believes the company hid through creative accounting that she and the heirs of her late ex-husband, Sonny Bono, are owed.

Bill.com Wins 2009 Tax & Accounting Technology Innovation Award (Marketwire via Yahoo! Finance)
Bill.com, Inc., the leader in online accounts payable, has won a 2009 Tax & Accounting Technology Innovation Award. The Innovation Awards are presented by The CPA Technology Advisor, the leading independent multimedia technology resource for the profession, and are recognized as a pinnacle of achievement for developers of software, hardware, services and other technologies. Now in its sixth ...

Industry Grps Push For Review Of Planned US Accounting Change (Nasdaq)
WASHINGTON -(Dow Jones)- A coalition of industry groups is urging top financial regulators to review - and possibly delay - a change to U.S. accounting standards they warn could dry up credit for consumers.

Banks Brace for Accounting Change (TheStreet.com)
Banks stocks have rallied since dipping to their March lows, but new accounting rules set to take effect at the end of the year could weigh on their balance sheets.

Accounting questions at Archway noted in filings in Del bankruptcy court (The Delaware Business Ledger)
Can a company that made Mother's Cookies end up in a accounting scandal? Delaware bankruptcy court filings hint that may be the case when it came to Archway Cookies, parent company of Mother's.

Survey: Outlook on finance, accounting hiring improves for 3Q (BizJournals)
The outlook for finance and accounting jobs looks anything but robust for the third quarter, but a new survey has found more companies in Central Ohio are planning to add jobs than trim their payrolls.

Accounting for literacy (MyCentralJersey.com)
Michael G. Mullen, a partner with Cranford-based certified public accounting firm and advisors, MSPC, recently presented Cranford Public Schools with a check which will enable a student to attend the 2009-2010 Cranford School District Academy (CSDA) — an intensive weekend remedial reading program helping children overcome severe reading issues.

Ex-accounting firm executive pleads guilty (WCAX-TV Vermont)
Associated Press - June 3, 2009 5:25 PM ET NEW YORK (AP) - A former vice chairman of international accounting firm BDO Seidman has pleaded guilty to generating more than $1 billion in...

New accounting firm opens in The Glen (Glenview Announcements)
Dan Weitzman, a resident of Deerfield, recently opened up his own accounting firm in Glenview. Weitzman is a certified public accountant and an attorney who specializes in accounting and taxation for closely-held businesses and individuals.

Firms join to market accounting software (Lawrence Journal-World)
Star Americas Software Solutions L.L.C. and Mize, Houser & Company P.A. have joined to market Star Global, a software solution suite for accounting firms.

Sudan valedictorian collects third UIL accounting title (Lubbock Avalanche-Journal)
Skylar Sowder turned in a "best-of-the-best" performance late last month as she led her Sudan High School accounting team to a second-place finish in the UIL's Class 1A state competition.

Amalgamated Transit Union International Selects JayStar Group, Inc. For Its Microsoft Dynamics GP Accounting System (PRWeb via Yahoo! News)
JayStar Group President David Roger announced today that the Amalgamated Transit Union International (ATU) in Washington, DC has selected JayStar Group, Inc. to install a Microsoft Dynamics GP System as the solution for their growing accounting software needs. JayStar Group is recognized as the premier experts in financial reporting and regulatory compliance software and services for labor ...

TCS to launch platforms for finance and accounting and procurement (New Kerala)
Mumbai, June 04 : Information Technology giant Tata Consultancy Services (TCS) will be launching its platform-based BPO services for financing and accounting besides procurement.

Financial Groups Try Delay Accounting Rule, Report Says (New York Times)
The financial-services industry is lobbying the government to hold off on an accounting rule that would effectively force banks to set aside more capital, The Wall Street Journal reported.

Accounting questions at Archway noted in filings in Del bankruptcy court (The Delaware Business Ledger)
Can a company that made Mother's Cookies end up in a accounting scandal? Delaware bankruptcy court filings hint that may be the case when it came to Archway Cookies, parent company of Mother's.

Accounting for success? Darwin meets the green eyeshade world⦠(ZDNet)
Have you really looked at your options for finance & accounting lately? BPO (business process outsourcing) for Finance and Accounting has been going on for a time. The industry owes some part of its success to the shared services efforts of larger firms. When businesses created shared services facilities, they standardized, among other things, their finance and accounting systems and processes. ...

Canada joins U.S. call for Tiananmen accounting (AlertNet)
Source: Reuters OTTAWA, June 4 (Reuters) - Canada joined with the United States on Thursday to demand a public accounting by Beijing for those killed in Tiananmen Square 20 years ago and do more to improve human ...

SCORE Seminar to Focus on Accounting (The Southern Pines Pilot)
The Sandhills Chapter of SCORE (Counselors to America's Small Business) continues its free "Business Basics" seminar series on Wednesday, June 10, with one on accounting.. The seminar begins at 6 p.m. in room 103 in Van Dusen Hall on the Sandhills Community College campus. SCORE and the Small Business Center of Sandhills Community College jointly sponsor this series of six consecutive seminars. ...

Canada calls for public accounting of Tiananmen victims (AFP via Yahoo! News)
Canada's foreign affairs minister paid homage Thursday to the victims of China's Tiananmen crackdown of 1989, calling on Beijing to account for those who lost their lives in pursuit of democracy.

Canada joins U.S. call for Tiananmen accounting  (Reuters via Yahoo! UK & Ireland News)
Canada joined with the United States on Thursday to demand a public accounting by Beijing for those killed in Tiananmen Square 20 years ago and do more to improve human rights.

Restaurant Accounting Services Set to Expand (PRWeb via Yahoo! News)
Restaurant Accounting Services (RAS), founded in 1989, has added two new members to its team as part of a plan to further develop new markets across the US.

Bank Profits From Accounting Rules Masking Looming Loan Losses (Bloomberg)
June 5 (Bloomberg) -- Big banks in the U.S. say they’re on the mend. The five largest were profitable in the first quarter, rebounding from record losses for the industry in the fourth quarter.

Accounting/ERP Software accelerates deployment to the cloud. (ThomasNet)
NetSuite Financials offers access to on-demand financial and accounting functionality in modular format that provides flexibility as businesses seek to lower operating costs and eliminate capital expenditures by moving key business processes to the Cloud. With support for key back-office operations and business processes, SaaS-based solution accelerates transition to cloud computing by starting ...

At accounting firm Clark Nuber, charity counts (Fortune Small Business via Yahoo! Finance)
Last year Vincent Stevens's church ran an experiment: 10 members were each given $100 to help their communities. Some gave the money away; others used it as seed capital to raise thousands more.

Accounting professionals needed (New Haven Register)
The nation continued to lose jobs across a majority of industry sectors in May, with some growth in education and health services, as well as leisure and hospitality.

Subs Surface as Key Tool of Drug Cartels (Washington Post)
Semi-submarines ferry hundreds of tons of cocaine for cartels, accounting for more than a third of the cocaine smuggled into the U.S. from Colombia.

Accounting questions at Archway noted in filings in Del bankruptcy court (The Delaware Business Ledger)
Can a company that made Mother's Cookies end up in a accounting scandal? Delaware bankruptcy court filings hint that may be the case when it came to Archway Cookies, parent company of Mother's.

Accounting board could lose power to set rules (u.tv)
Sir David Tweedie, chairman of the International Accounting Standards Board (IASB), is to be grilled on Tuesday by European finance ministers and senior EU commissioners.

Accounting professionals needed (New Haven Register)
The nation continued to lose jobs across a majority of industry sectors in May, with some growth in education and health services, as well as leisure and hospitality.