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Accounting News 11/2009



Natchez eyes new accounting software (The Clarion-Ledger)
City Clerk Donnie Holloway is looking forward to new accounting software after more than 20 years of using a program developed by a city employee.

Microsoft ditches Office Accounting product (vnunet.com)
Phil Muncaster, V3.co.uk , Sunday 1 November 2009 at 06:30:00 Users will continue to get five years free support Microsoft has begun telling customers it will end sales of its Office Accounting product, according to a Zdnet report. UK users of all the Office Accounting products will be affected, including Office Accounting Express, Office Accounting Standard, Office Accounting Professional ...

Microsoft ditches Office Accounting product (V3.co.uk via Yahoo! UK & Ireland News)
Microsoft has begun telling customers it will end sales of its Office Accounting product, according to a Zdnet report.

Microsoft ditches Office Accounting product (MalaysiaNews.net)
Microsoft has begun telling customers it will end sales of its Office Accounting product, according to a Zdnet report.UK users of all the Office Accounting products will be affected, including Offic...

Mark Bailey & Co. one of best accounting firms to work for (Reno Gazette-Journal)
Mark Bailey & Co. was named as one of the 2009 Best Accounting Firms to Work for. The annual list of "Best Accounting Firms" was created by Accounting Today and Best Companies Group. This is the second year in a row Mark Bailey & Co. received this award.

Graduation requirement for Accounting and Business Administration majors (The Greyhound)
The Sellinger School of Business and Management has a mandatory Experiential Learning requirement, coordinated by Mr. Steven King, that all Accounting and Business Administration majors must complete in order to graduate. Maya Wright, a student at Loyola, described the program as "one of the best things the business school could have implemented.

Malaysian accounting board on track to meet IFRS deadline (Business Times (Malaysia))
THE Malaysian Accounting Standards Board (MASB) is on track to meet the January 1 2012 deadline for the local accounting standards to converge with the International Financial Reporting Standards (IFRS).

Microsoft discontinues accounting software (CIO)
Microsoft is spiking its Office Accounting software family and will stop distributing the products as of Nov. 16, according to a posting on the company's Web site.

Malaysian accounting board on track to meet IFRS deadline (Business Times (Malaysia))
THE Malaysian Accounting Standards Board (MASB) is on track to meet the January 1 2012 deadline for the local accounting standards to converge with the International Financial Reporting Standards (IFRS).

JMU Accounting Teams Advance To Final Round (The Harrisonburg Daily News-Record)
HARRISONBURG - Two teams of accounting students from James Madison University recently progressed to the final round of a regional accounting competition.

Microsoft ditches Office Accounting product (V3.co.uk via Yahoo! UK & Ireland News)
Microsoft has begun telling UK customers that it will end sales of its Office Accounting product, according to a ZDNet report.

Microsoft kills Office Accounting family (PC Advisor)
Free templates in Excel are better option Microsoft is discontinuing its Office Accounting software family and will stop distributing the products as of November 16, according to a posting on the company's website.

End of the line for Microsoft Office Accounting (ZDNet UK)
The software maker has announced it is ending the latest in a series of efforts to rival Intuit in the business-accounting software

Research and Markets: Accounting, Auditing, and Bookkeeping Services - Global Outlook Report (Business Wire via Yahoo! Finance)
DUBLIN----Research and Markets has announced the addition of the "Accounting, Auditing, and Bookkeeping Services - Global Outlook" report to their offering.

Microsoft to Office Accounting: Your number's up (Silicon.com)
Microsoft announced on Friday it is to kill off its Office Accounting product line. Microsoft's Redmond campus. The software giant has called time on accounting software(Photo credit: Microsoft)

Microsoft Discontinues Office Accounting (WebCPA)
Microsoft has announced it will stop distributing its Office Accounting as of Nov. 16 but will continue to offer product support for the software for five years.

Tax & Accounting Kicks Off 29th Annual Users' Conference for Accountants and Tax Professionals (PR Newswire via Yahoo! Finance)
The Tax & Accounting business of Thomson Reuters announced today the kick-off of the 29th annual Thomson Reuters Users' Conference for Professional Tax and Accounting Firms - the longest running professional conference of its kind - with more than 800 participants.

MyOwnASP.com to Sponsor the Next Generation Accounting Solutions Conference (PRWeb via Yahoo! News)
MyOwnASP.com is proud to be a Silver Sponsor of this year’s Next Generation Accounting Solutions Conference organized by The Sleeter Group, Inc.

Introducing Affordable Accounts Receivable Service by Aditech Accounting Services (PR.com)
Accounts receivable, one of the most critical services now can be serviced by Aditech Accounting Services. Outsourcing the service can greatly help in supporting the organization's structure. [PR.com - November 02, 2009]

SemGroup appoints head of accounting (Tulsa World)
SemGroup LP announced late Monday it has selected Paul Largess as its chief accounting officer.

Practical accounting courses available at LSCC in spring 2010 (The Daily Commercial)
Practical accounting courses available at LSCC in spring 2010 Bonnie B. Holloway, CPA, Chair Business, Computer Science & Office Administratio ...

Move to Cloud Accounting With Intacct Helps Harrod CPA Improve Service and Increase Client Success (Marketwire via Yahoo! Finance)
SAN JOSE, CA and NEW YORK, NY--(Marketwire - 11/03/09) - Intacct, the leader in cloud accounting, and CPA2Biz, a subsidiary of the American Institute of Certified Public Accountants (AICPA), today announced that Harrod CPA's membership in the Intacct Accountants Program ( www.cpa2biz.com/intacct ) and adoption of Intacct have revolutionized its client accounting ...

Move to Cloud Accounting With Intacct Helps Harrod CPA Improve Service and Increase Client Success (Marketwire)
Cloud Accounting Enables Firm to Continue Operations Despite Devastating Hurricanes in Florida

Cindy Heath of Five Star Staffing & Accounting Recruiters Appointed to Small Business Department Board for Greater ... (dBusinessNews.com)
RALEIGH, NC – Cindy Heath, Principal, Five Star Staffing & Accounting Recruiters, will serve on the 2009-2010 Greater Raleigh Chamber of Commerce Small Business Department Board as Chair of the Chamber Roundtable program.

MOVE TO CONVERGE ON SINGLE GLOBAL ACCOUNTING STANDARD (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Nov 4 (Bernama) -- The Malaysian Accounting Standards Board (MASB) and 23 other accounting standard-setters in the Asian-Oceanian region held their first meeting today in Kuala Lumpur to facilitate the convergence to a single global accounting standard.

Telstra’s $4.2b accounting trick (The Age)
Even in a business the size of Telstra’s, $4.2 billion is a lot of money. But when it’s the subject of what polite society calls “creative accounting”, the normally effusive management team falls silent.

NetSuite OneWorld Named Enterprise Accounting Software of the Year by UK-Based Customers (PR Newswire via Yahoo! Finance)
NetSuite Inc. , a leading vendor of cloud computing business management software suites and top ten ERP vendor , today announced that its UK-based customers have voted NetSuite OneWorld as the Enterprise Accounting Software of the year in Sift Media's Software Satisfaction Awards 2009.

Grassi Wins the Triple Crown of Accounting (PR Newswire via Yahoo! Finance)
Grassi & Co., CPAs - Like a champion thoroughbred winning the Kentucky Derby, the Preakness Stakes, and the Belmont Stakes, Grassi & Co. recently earned a "Triple Crown" in its industry, receiving three prestigious recognitions from an influential accounting industry trade publication, INSIDE Public Accounting:

Jackson Accounting (North Wales Pioneer)
Accounting for small & medium size businesses, Free initial consulting, Self assessments & VAT, book-keeping & payroll, cashflow management. Monthly or Quarterly cost packages for all accounting services

Asia to have greater say in global accounting standards (The Edge Daily)
KUALA LUMPUR: Asia is set to have a stronger say in International Financial Reporting Standards (IFRS), with the setting up of a new regional grouping of national accounting standard bodies.

Asia will have bigger say in global accounting standards (Business Times (Malaysia))
ASIA is expected to have a bigger say in global accounting standard setting now that there is a group to represent its voice, said the International Accounting Standards Board (IASB).

Asia will have bigger say in global accounting standards (Business Times (Malaysia))
ASIA is expected to have a bigger say in global accounting standard setting now that there is a group to represent its voice, said the International Accounting Standards Board (IASB).

Merge, Former Executive Settle Accounting-Fraud Case (Nasdaq)
Two former Merge Healthcare Inc. (MRGE) executives settled charges from the Securities and Exchange Commission related to their roles in an accounting fraud at the provider of medical imaging software, hardware and services.

Accounting news round up (ShareChat)
Specialist accountancy website Netprophet.co.nz reports this week that a close eye is being kept on property investors and KiwiSaver managers. We also look at the effects of the accounting software provider MYOB shutting its payroll outsourcing service and the news breaks that Xero is launching a personal money manager early next year with BNZ.

The end of Microsoft Office Accounting (MalaysiaNews.net)
Microsoft is formally backing away from the small business accounting market after announcing that the Office Accounting program will no longer be distributed after November 16, 2009. In addition, the

Jackson Accounting (Denbighshire Free Press)
Accounting for small & medium size businesses, Free initial consulting, Self assessments & VAT, book-keeping & payroll, cashflow management. Monthly or Quarterly cost packages for all accounting services

Barrington man accused of accounting fraud (Daily Herald)
The Securities and Exchange Commission on Wednesday charged a Barrington man with committing accounting fraud while he was the CEO of a Milwaukee-based health care firm.

Microsoft pulls the plug on accounting software (MalaysiaNews.net)
The world’s biggest technology company bowing out of the small business accounting software market has come as a shock, but what is more worrying is the reduction in choice for the profession....

International Accounting Board Draft Plan To Replace IAS 39 Financial Instruments (Nasdaq)
LONDON -(Dow Jones)- The International Accounting Standards Board, or IASB, Thursday published an exposure draft on the amortised cost measurement and impairment of financial instruments which form the second part of a three-part project to replace IAS 39 Financial Instruments: Recognition and Measurement with a new standard, to be known as IFRS 9 Financial Instruments.

AGA Research Study Sees Benefits for Federal Governments Using Managerial Cost Accounting (Business Wire via Yahoo! Finance)
ALEXANDRIA, Va.----A recently released research study conducted by the Association of Government Accountants , examined the status of managerial cost accounting implementations within federal government agencies.

Accounting error leads to school budget loss (San Mateo Daily Journal)
An accounting error, further state cuts, lower-than-anticipated-enrollment and rising staffing costs means an additional $1.4 million in cuts from next year’s San Carlos schools budget.

Jackson Accounting (Powys County Times)
Accounting for small & medium size businesses, Free initial consulting, Self assessments & VAT, book-keeping & payroll, cashflow management. Monthly or Quarterly cost packages for all accounting services

Groups look to buy dying Office Accounting (seattlepi.com)
Several independent software companies and ventures are looking to acquire the soon-to-be-discontinued Office Accounting product from Microsoft, seattlepi.com has learned.

Lack of accounting-rules consensus vexes U.S. SEC (Reuters via Yahoo! Asia News)
* SEC lacks public consensus on move to IFRS accounting

CPAs across Ohio teach elementary students the benefits of investing and saving on Accounting for Kids Day (PitchEngine)
COLUMBUS On Nov. 12, CPAs and volunteers across Ohio will head into more than 400 elementary classrooms to introduce students to real world investing and savings principles on Accounting for Kids Day .Its a lesson thats become more important during the last year as the recession has taken its toll on Americans...

Goodbye to the Accounting Reforms of 2002 (New York Times)
Congress is apparently gutting Sarbanes-Oxley, which required public companies to make sure their internal controls against fraud were not full of holes.

Defense Finance and Accounting Service should get refund from contractor, report says (The Cleveland Plain Dealer)
Lockheed Martin should repay the Defense Finance and Accounting Service nearly $700,000 for failing to properly process pay and annuities for military retirees, a new Defense Department Inspector General's report has found.

Armed Services panel wants 'detailed accounting' of Fort Hood tragedy (The Hill)
The Senate Armed Services Committee is seeking a "detailed accounting" of a Thursday shooting at Fort Hood, Texas. Read more...

AICPA, FEI Object to Federal Accounting Oversight Board (WebCPA)
The American Institute of CPAs and Financial Executives International have written to Congress to express their objections to proposed legislation that would displace the SEC from its role of overseeing the Financial Accounting Standards Board.

Back On The Balance Sheet (Forbes)
New accounting rules will force big banks to own up to their hidden obligations.