Accounting News 12/2009 (Page 2)

Board to Propose More Flexible Accounting Rules for Banks (New York Times)

Facing political pressure to abandon “fair value” accounting for banks, the chairman of the board that sets American accounting standards will call for new rules. (Dec 8, 2009)

Supreme Court Likely to Leave Accounting Oversight Board as Is (Law.com)

The U.S. Supreme Court appeared inclined to leave well enough alone Monday and not tinker with the structure of an accounting oversight board created by the Sarbanes-Oxley Act of 2002. Congress created the Public Accounting Oversight Board in the aftermath of the Enron and WorldCom accounting scandals, giving the board broad and independent power to regulate accounting firms, which had been self ... (Dec 8, 2009)

Supreme Court hears case involving accounting board (Washington Post)

THE ACCOUNTING scandals of the early part of this decade, including the debacle at Enron, gave rise to the Public Company Accounting Oversight Board (PCAOB). Created under the Sarbanes-Oxley legislation, the board watches the accounting firms that certify the books of public companies. (Dec 8, 2009)

Supreme Court weighs Public Company Accounting Oversight Board constitutionality (Washington Post)

Supreme Court justices tangled Monday over whether an accounting oversight board established by Congress to make sure there were "no more Enrons" violates the president's executive power. (Dec 8, 2009)

More Flexible Accounting Rules for Banks… (New York Times)

Facing political pressure to abandon “fair value” accounting for banks, the chairman of the board that sets American accounting standards will call Tuesday for the “decoupling” of bank capital rules from normal accounting standards, Floyd Norris writes in The New York Times. (Dec 8, 2009)

Supreme Court Likely to Leave Accounting Oversight Board as Is (Law.com via Yahoo! Finance)

The U.S. Supreme Court appeared inclined to leave well enough alone Monday and not tinker with the structure of an accounting oversight board created by the Sarbanes-Oxley Act of 2002. (Dec 8, 2009)

Join the conversation on adopting international accounting standards (TechJournal South)

In my last article, I explained some of the differences between US Generally Accepted Accounting Principles (GAAP) and the desire by top regulators to move to an international standard. Here's why U.S. companies should be concerned and join the conversation on proposal. (Dec 8, 2009)

ALLIANCE FINANCIAL GROUP WINS EXCELLENCE AWARD IN MANAGEMENT ACCOUNTING (Bernama via Yahoo! Malaysia News)

Certificates of Merit were handed to 12 companies for commendable practices in management accounting. (Dec 8, 2009)

Alliance Financial Group Wins Excellence Award In Management Accounting (Bernama)

KUALA LUMPUR, Dec 8 (Bernama) -- Alliance Financial Group Bhd has been adjudged the Excellence Award winner of the National Award for Management Accounting (NAfMA) 2009, beating six other companies. (Dec 8, 2009)

Forecast 2010: Accounting (Long Island Business News)

The accounting industry was painted as recession-proof at the start of the economy’s troubles, but local accountants say a few of their practice areas have been hit hard by the downturn. Sure, businesses can’t live without many of the industry’s services, like tax preparation and audits, but many of the specialty areas that firms have branched [...] (Dec 8, 2009)

Accounting board chair recommends changes (UPI)

WASHINGTON, Dec. 8 (UPI) -- The chairman of the U.S. Financial Accounting Standards Board recommended splitting bank asset valuations from "fair value" accounting standards. (Dec 8, 2009)

Peter Gampel Joins Fiske & Company as a Director in the Business Valuation, Forensic Accounting and Litigation ... (dBusinessNews.com)

PLANTATION, FL (December 8, 2009) – Fiske & Company, one of South Florida’s leading CPA firms, announced that Peter Gampel, ABV/CFF, ASA, CA, CBV, has joined the firm as a Director in the Business Valuation, Forensic Accounting and Litigation Services Practice Group. (Dec 8, 2009)

FASB chief urges clearer distinction for bank, accounting rules (Connecticut Post)

Financial Accounting Standards Board Chairman Robert Herz said U.S. regulations on capital levels for banks should become more distinct from accounting rules to end confusion when financial markets (Dec 9, 2009)

South Africa : Prior Accounting Experience Credited (AllAfrica.com)

Johannesburg — ACCOUNTING technicians in the finance sector can look forward to receiving professional recognition for their experience in a new accreditation process provided by the industry's professional body. (Dec 9, 2009)

ASBJ AND IASB REAFFIRM THEIR ONGOING COOPERATION IN ACHIEVING CONVERGENCE IN ACCOUNTING STANDARDS (Accounting Education)

The Accounting Standards Board of Japan (ASBJ) and the International Accounting Standards Board (IASB) have held their tenth meeting to accelerate convergence of Japanese generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRSs). (Dec 9, 2009)

CO-AUTHORSHIP IN ACCOUNTING HISTORY: ADVANTAGES AND PITFALLS (Accounting Education)

Relatively little has been written about co-authorship in accounting and even less specific to accounting history. This paper endeavours to track co-authorship patterns in the discipline, both quantitatively and qualitatively. (Dec 9, 2009)

U.S. watchdog says TARP accounting in order, but.. (Reuters via Yahoo! UK & Ireland News)

A congressional watchdog agency on Wednesday gave a clean bill of health to the government's accounting for the $700 billion (430 billion pounds) financial bailout program, but still noted serious bookkeeping deficiencies. (Dec 9, 2009)

AICPA and World Accounting Bodies Call for Single Standard for Climate Change Reporting (PR Newswire via Yahoo! News)

NEW YORK, Dec. 9 /PRNewswire-USNewswire/ -- The American Institute of Certified Public Accountants joined with 12 major accounting institutes around the world and The Prince of Wales Accounting for Sustainability Project in an open letter to political leaders attending the Copenhagen Convention on Climate Change. The letter calls for the development of universally accepted accounting standards ... (Dec 9, 2009)

Genpact Wins Contract from AstraZeneca to Provide Global Finance & Accounting Services (Business Wire via Yahoo! Finance)

NEW YORK & GURGAON, India----Genpact , a leader in managing business processes, today announced it has signed a five-year contract to provide global Finance & Accounting services to AstraZeneca, one of the world's leading pharmaceutical companies. (Dec 10, 2009)

Fresh funds for online accounting firm (RTÉ News)

Dublin-based technology firm AccountsIQ has raised €3.5m in new funding. The company is involved in providing online accounting products. Data Electronics Investments (DEI), the investment arm of data centre and IT firm Data Electronic Services (DES), led the funding. (Dec 10, 2009)

Forested Nations Seek Favorable Accounting Rules in Copenhagen (New York Times)

At this week's global climate talks, some rich nations are prepared to urge more lenient accounting practices to hide a porti... (Dec 10, 2009)

CFA Institute Backs Decoupling of Accounting Standards (Financial Planning.com)

The CFA Institute expressed its support for Financial Accounting Standards Board Chairman Robert Herz s statements on the need to decouple accounting standard-setting from bank regulation. (Dec 10, 2009)

Financial Accounting Foundation Appoints New Members to the Financial Accounting Standards Advisory Council (Business Wire via Yahoo! Finance)

NORWALK, Conn.----The Board of Trustees of the Financial Accounting Foundation have announced the appointment of ten new members to the Financial Accounting Standards Advisory Council effective January 1, 2010. (Dec 10, 2009)

Sage MIP Fund Accounting Wins Fourth Consecutive Campbell Award (Marketwire via Yahoo! Finance)

AUSTIN, TX--(Marketwire - 12/10/09) - Sage North America today announced that its Sage MIP Fund Accounting product has received a 2010 Campbell Award from independent market research firm Campbell Rinker, based on the product being one of the most recommended by U.S. customers. Campbell Rinker surveyed approximately 3,000 customers of accounting software for nonprofits in order to determine the ... (Dec 10, 2009)

Sage MIP Fund Accounting Enhances Customer Experience Through New Feedback Portal, Reporting Options, E-mail and ... (Marketwire)

AUSTIN, TX--(Marketwire - December 10, 2009) - Sage North America today announced version 10.2 of its Sage MIP Fund Accounting nonprofit and government financial management software, featuring a new customer feedback portal allowing customers to quickly submit ideas and feedback to Sage MIP Fund Accounting product executives. Other version 10.2 enhancements include additional reporting options ... (Dec 10, 2009)

Sage MIP Fund Accounting Wins Fourth Consecutive Campbell Award (Marketwire)

AUSTIN, TX--(Marketwire - December 10, 2009) - Sage North America today announced that its Sage MIP Fund Accounting product has received a 2010 Campbell Award from independent market research firm Campbell Rinker, based on the product being one of the most recommended by U.S. customers. Campbell Rinker surveyed approximately 3,000 customers of accounting software for nonprofits in order to ... (Dec 10, 2009)

SunPower's Accounting Troubles Shed Light on Falling Solar Prices (Forbes)

SunPower's accounting troubles are shedding light on the bigger problem: falling solar prices. (Dec 10, 2009)

Accounting Groups Call for Climate Change Standards (WebCPA)

The American Institute of CPAs joined with over a dozen other accounting organizations around the world to call for a single standard for climate change reporting. (Dec 10, 2009)

Report questions accounting at Lawrence Lab (San Francisco Chronicle)

A leaked federal report raises concerns about accounting practices at Lawrence Livermore Laboratory, saying they allow a new facility built to study nuclear fusion to shirk $80 million in payments to the lab. The October report by an office of the National... Lawrence Livermore National Laboratory - National Ignition Facility - Nuclear fusion - United States - Government (Dec 10, 2009)

Report questions accounting at Lawrence Lab (Channel 8 San Diego)

Associated Press - December 10, 2009 8:44 PM ET LIVERMORE, Calif. (AP) - A federal report raises concerns about accounting practices at Lawrence Livermore Laboratory that it says allows a new... (Dec 10, 2009)

Accounting Homework Help, Finance homework help, probability help (Handbag.com)

Accounting help by ManagerialAccountingHomeworkHelp.9f.com is said to be the best Homework Help in Accounting. They also help in Finance Assignments, Finance projects, Accounting homework assignment & balance sheet & income statement & journal entries. (Dec 11, 2009)

Sage MIP Fund Accounting version 10.2 now available with built-in feedback mechanism (News-Medical-Net)

Sage North America today announced version 10.2 of its Sage MIP Fund Accounting nonprofit and government financial management software, featuring a new customer feedback portal allowing customers to quickly submit ideas and feedback to Sage MIP Fund Accounting product executives. (Dec 11, 2009)

AstraZeneca inks pact with Genpact to handle its global finance, accounting services (PharmaBiz)

AstraZeneca has inked a five-year contract pact with Genpact, a leader in managing business processes to handle its global Finance & Accounting (F&A) services. (Dec 11, 2009)

MANAGERIAL ACCOUNTING HOMEWORK HELP (Handbag.com)

MANAGERIAL ACCOUNTING HOMEWORK HELP provides Accounting Help, Finance assignments help, statistics help, probability help, economics homework help, Accounting Case Study Help of College Accounting School Accounting Assignment Help. Also Finance Homework Help, NPV, IRR, YTM, Financial Management Assignments Help ManagerialAccountingHomeworkHelp DOT 9f DOT com Send us your accounting finance ... (Dec 11, 2009)

Accounting Staff Cutbacks Expected to Slow (WebCPA)

The employment outlook in accounting and finance is expected to stabilize in the first quarter, according to a new survey of CFOs, although the hiring environment remains challenging for now. (Dec 11, 2009)

US House Retains Accounting Exemption In Financial Bill (Nasdaq)

WASHINGTON -(Dow Jones)- The U.S. House of Representatives Friday retained language in a broad financial regulatory bill that exempts small and mid-sized companies from audits required under the 2002 Sarbanes-Oxley accounting law. (Dec 11, 2009)

Regional accounting firms to merge (Lexington Herald-Leader)

Regional accounting firms Blue & Co. LLC and Potter & Co. LLP are merging. The combined co (Dec 11, 2009)

Montpelier to be repaid for city accounting error (Boston Globe)

Two months after revelations about a $462,000 overpayment to a contractor thrust Vermont's tiny capital into a round of finger-pointing and soul-searching over accounting and accountability, the mayor and city manager said Friday there's nothing to worry about -- insurance will cover it. (Dec 11, 2009)

Business North - The Daily Briefing - Business Newspaper Online Accounting firm selected for Minnesota Discovery ... (BusinessNorth)

Iron Range Resources today announced it has selected an accounting firm to complete an examination of Minnesota Discovery Center financial records. The firm is expected to be under contract next week and to complete its review in 30 days. (Dec 11, 2009)

Accounting errors strain Chowchilla (The Fresno Bee)

The city of Chowchilla faces unprecedented financial turmoil after determining that its former finance director made critical accounting errors that wiped more than $1 million off its books. (Dec 12, 2009)

Accounting firm to pass on leadership (The Salinas Californian)

Effective Jan. 1, Michael Briley will be the new managing partner of Hayashi and Wayland Accounting & Consulting, replacing co-founder Warren Wayland, who has led the firm for the past 33 years. Briley brings more than 25 years of experience to his role, 21 years with the firm and 10 years as partner. (Dec 12, 2009)

Changing accounting standards (Straits Times)

THE chairman of Singapore's Accounting Standards Council has said that the upcoming standards centering on charities will simplify their financial reporting process and be more relevant. Ms Euleen Goh said the proposed standards will be put up for public consultation soon and could take effect next year. (Dec 13, 2009)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

As part of its efforts to tighten oversight of internal controls and outside auditors following accounting scandals at Enron Corp., WorldCom and Tyco International, Congress created the Public Company Accounting Oversight Board. (Dec 13, 2009)

Ombudsman 'accounting' begins today (Saipan Tribune)

Many alien workers are expected to start trooping today to the Office of the Federal Ombudsman in Puerto Rico, Saipan, for the first day of the Ombudsman's “accounting process.” (Dec 13, 2009)

Sage MIP Fund Accounting Wins Fourth Consecutive Campbell Award (dBusinessNews.com)

AUSTIN - Sage North America today announced that its Sage MIP Fund Accounting product has received a 2010 Campbell Award from independent market research firm Campbell Rinker, based on the product being one of the most recommended by U.S. customers. (Dec 13, 2009)

Cost Accounting Standards meet needs of managers (Business Standard India)

Issue of Cost Accounting Standards (CAS) is a pioneering initiative by the Institute of Cost and Works Accountants of India. (Dec 13, 2009)

BIDaWIZ Connects Online Customers With Licensed Accounting & Finance Pros, Saving Them an Average of 70% on Fees ... (PR Newswire via Yahoo! Finance)

Since its summer launch, consumers and business owners nationwide have found helpful, personalized financial and accounting advice at BIDaWIZ, the online marketplace designed to help users confidentially obtain reliable, affordable, and easy-to-understand answers about any financial concern. (Dec 14, 2009)

DreamWorks Animation Announces Departure of Chief Accounting Officer (PR Newswire via Yahoo! Finance)

DreamWorks Animation SKG, Inc. today announced that Phil Cross, the Company's Chief Accounting Officer, will be stepping down from his current position. Cross has served as the Company's Chief Accounting Officer since September 2007 and will remain in this role through February 2010 to assist with the transition and the annual financial close. (Dec 14, 2009)

First day of 'accounting' process fast and easy (Saipan Tribune)

The Office of the Federal Ombudsman's first day of the “accounting” process on Saipan yesterday turned out to be fast and easy for alien workers. (Dec 14, 2009)

Ombudsman 'accounting' begins today (Saipan Tribune)

Many alien workers are expected to start trooping today to the Office of the Federal Ombudsman in Puerto Rico, Saipan, for the first day of the Ombudsman's “accounting process.” (Dec 14, 2009)

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