Accounting News 01/2010 (Page 2)

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EXPOSURE DRAFT - FIRST-TIME ADOPTION OF PUBLIC SECTOR ACCOUNTING STANDARDS BY GOVERNMENT ORGANIZATIONS (Accounting Education)

The Public Sector Accounting Board (PSAB) has issued an Exposure Draft that proposes transitional guidance for government organizations adopting the CICA Public Sector Accounting Handbook for the first-time. Comments, on the form provided, are requested by March 25, 2010. (Jan 7, 2010)

FASB ISSUES ACCOUNTING STANDARDS UPDATES NO. 2010-02 AND NO. 2010-03 (Accounting Education)

Today, the FASB issued Accounting Standards Updates No. 2010-02, Consolidation (Topic 810): Accounting and Reporting for Decreases in Ownership of a Subsidiary a Scope Clarification, and No. 2010-03, Extractive Activities Oil and Gas (Topic 932): Oil and Gas Reserve Estimation and Disclosures.... (Jan 7, 2010)

MDU Resources Names Chief Financial Officer, Chief Accounting Officer, Treasurer (Business Wire via Yahoo! Finance)

BISMARCK, N.D.----MDU Resources Group, Inc. today announced that Doran N. Schwartz has been named vice president and chief financial officer for the corporation, Nicole A. Kivisto has been named vice president, controller and chief accounting officer, and Douglass A. (Jan 7, 2010)

Danville accounting facility sold to international firm (The Champaign News-Gazette)

DANVILLE – In May, employees at the Walgreen accounting center in Danville will still be handling the accounting for the nation's largest drugstore chain, but not as Walgreen employees. (Jan 7, 2010)

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. (Jan 7, 2010)

Sage Co-Hosts Best and Brightest in Tax and Accounting Industry (Marketwire)

Sponsors 5th Annual Accounting Thought Leader Appreciation Forum and Dinner in Conjunction With CES (Jan 7, 2010)

Senator wants detailed accounting of Clunker program (The Times of Northwest Indiana)

An Iowa senator is requesting the agency responsible foroverseeing the $3 billion Cash for Clunkers program last year for abetter accounting of the program's administrative costs andexplanations on how contractors operating the program werechosen. (Jan 7, 2010)

JHI Accounting Network Outsources Management (WebCPA)

JHI, a global network of independent accounting, business advisory, and financial consultancy firms, is now being managed by CMA Association Management, as of Jan. 4. (Jan 7, 2010)

Anthem College Phoenix to Offer New Associate of Science Degree Programs in Paralegal, Accounting Technology and ... (PR Newswire via Yahoo! Finance)

Anthem College in Phoenix will begin offering three new degree programs, with a class start set for Feb. 1, 2010 for all programs. Â Anthem College Phoenix will launch new Associate of Science degree programs in Paralegal, Accounting Technology and Business Management. (Jan 7, 2010)

CYMA Accounting Software Celebrates 30th Anniversary in 2010 (PRWeb via Yahoo! News)

CYMA Systems, Inc., Arizona-based accounting software developer, kicks off 2010 celebrating its 30th year anniversary. CYMA Systems has been developing software for CPA's, accountants, bookkeepers and general business since 1980. (Jan 8, 2010)

Standards chief attempts to head off M&A accounting concerns (Accountancy Age)

Accounting standards chief Sir David Tweedie has sought to clarify reports of a study which found that accounting rules had caused confusion around M&As. (Jan 8, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

SEC to build accounting registry (Bangkok Post - Thailand's English news)

The Securities and Exchange Commission will establish a registry of approved accounting firms in an effort to raise accounting standards to international levels and facilitate offshore fundraising by local listed companies. (Jan 9, 2010)

Tri-State Tax & Accounting, Refunds USA welcome new tax team members (Albert Lea Tribune)

Dan Hanson and Kristy Hurley have joined the staffs of Tri-State Tax & Accounting and Refunds USA. Hanson was born and raised in Austin and has lived in Austin for the last 29 years. He has a bachelor of science degree in accounting from St. Cloud State University. (Jan 9, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

Washington area officials eye deep cuts to fill budget gaps (Washington Post)

The stimulus is mostly spent. The rainy-day funds have been tapped. Most of the accounting gimmicks have been used. After two years of doing whatever they could to balance their budgets, state and local lawmakers confront a grim reality: They're likely to make deep and painful cuts to a host of... (Jan 9, 2010)

Washington area officials eye deep cuts to fill budget gaps (Washington Post)

The stimulus is mostly spent. The rainy-day funds have been dipped into. Most of the accounting gimmicks have been used. After two years of doing whatever they could to balance their budgets, state and local lawmakers confront a grim reality: They're likely to make deep and painful cuts to a host... (Jan 10, 2010)

AZ running out of accounting gimmicks (Arizona Daily Star)

Across-the-board, Arizona's elected leaders agree making the state's disintegrating budget whole again won't be easy, and however they do it will be painful. (Jan 10, 2010)

Multicultural Critical Theory. At B-School? (New York Times)

Business schools are realizing that students need to learn how to think critically and creatively every bit as much as they needed to learn finance or accounting. (Jan 10, 2010)

BKD to assist Convoy of Hope (The Springfield News-Leader)

A small army of volunteers from BKD, LLP, one of the nation's leading accounting and advisory firms, will bag groceries at Convoy of Hope on Monday night. (Jan 10, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

Crisis pushes accounting standards (Money Management)

ASIC review reveals degree to which companies are pushing accounting standards. (Jan 10, 2010)

D.C. agency struggles to master Medicaid reimbursement (Washington Post)

The D.C. Department of Health Care Finance started work a little more than a year ago with a mandate to end years of dysfunction in the District's massive Medicaid program . Sloppy accounting had cost the city tens of millions of dollars from the federal government, and the Fenty administration said... (Jan 11, 2010)

Local tax, accounting offices merge (Brown City Banner)

BROWN CITY — New services and expertise to handle personal and business accounting are now available at Brown City Accounting and Tax — formerly known as Brown City Income Tax. read more (Jan 11, 2010)

ACCOUNTING (Orange County Business Journal)

Manuel Ramirez was elected president of the California Board of Accountancy. Ramirez previously served as vice president of the board and has been a member for three years. He is president and chief executive at Ramirez International, an accounting company in Irvine. (Jan 11, 2010)

Accounting: Napa’s G&J Seiberlich splits, expands (North Bay Business Journal)

Also: New hires at Moss Adams, partners at BPM (Jan 11, 2010)

Are We in A Mancession? (WebCPA)

Those of you who work with the construction and manufacturing sects may want to take note – one in five working-age American men do not have a job. And though we don’t like to generalize here at Accounting Tomorrow, we will admit, men are more likely to work in those industries. (Jan 11, 2010)

Business faces asset damage (Straits Times)

PARIS - BUSINESS in general, and the banks, real estate and auto sectors in particular, likely face more damage to their underlying assets amid doubts about the global recovery, a survey showed on Monday. International accounting firm Ernst and Young said a survey of some 170 financial specialists from several countries found that 47 per cent believed asset impairments identified over the past ... (Jan 11, 2010)

Bank Profits Means Stocks at 15% Discount to S&P 500 (Update2) (Bloomberg)

Jan. 11 (Bloomberg) -- No U.S. industry has faster profit growth than banks and brokers, and no group is more hated by investors. Analysts say earnings at financial companies rose 120 percent in the fourth quarter, accounting for all of the income increase in the Standard & Poor’s 500 Index , and will triple by 2011, climbing four times as fast as the market. (Jan 11, 2010)

Accounting firm Grant Thornton says it will merge with Hards Pearson (The Canadian Press via Yahoo! Canada News)

TORONTO - National accounting firm Grant Thornton Ltd. says it has merged with competitor Hards Pearson LLP, which is based in Barrie, Ont. (Jan 11, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

Annapolis Accounting Firms Break Up and Merge (WebCPA)

Two former partners in the accounting firm Sturn Wagner Lombardo & Co., Andrew R. Lombardo and Matthew C. Wagner, are merging with J. Brian Stitcher, owner of the accounting firm SRM & Co., to form a new firm, Lombardo Wagner Stitcher and Co. LLC. (Jan 11, 2010)

Heat now on accounting reforms (The Economic Times)

Heat now on accounting reformsHeat now on accounting reforms (Jan 11, 2010)

U of R school of business accounting team takes second place in national case competition (Regina Leader-Post)

The University of Regina’s Paul J. Hill School of Business accounting team finished second in the Inter-Collegiate Business Competition (ICBC), Canada’s premier undergraduate business case competition at Queen’s University in Kingston. (Jan 12, 2010)

Geovic Mining Resolves Geovic Cameroon Accounting Disagreement (Marketwire via Yahoo! Finance)

DENVER, COLORADO--(Marketwire - 01/12/10) - Geovic Mining Corp. ("Geovic" or "the Company") (TSX: GMC - News )(OTC.BB: GVCM - News ) is pleased to announce it has resolved the previously disclosed accounting disagreement with Societe Nationale d'Investissement du Cameroun ("SNI"). Geovic indirectly owns 60.5% of Geovic Cameroon plc ("Geovic Cameroon"), the entity that owns the Nkamouna cobalt ... (Jan 12, 2010)

Geovic Mining Resolves Geovic Cameroon Accounting Disagreement (CCNMatthews via Yahoo! Finance)

DENVER, COLORADO-- - Geovic Mining Corp. is pleased to announce it has resolved the previously disclosed accounting disagreement with Societe Nationale d'Investissement du Cameroun . (Jan 12, 2010)

Geovic Mining Resolves Geovic Cameroon Accounting Disagreement (Marketwire)

DENVER, COLORADO--(Marketwire - Jan. 12, 2010) - Geovic Mining Corp. ("Geovic" or "the Company") (TSX:GMC)(OTCBB:GVCM) is pleased to announce it has resolved the previously disclosed accounting disagreement with Societe Nationale d'Investissement du Cameroun ("SNI"). Geovic indirectly owns 60.5% of Geovic Cameroon plc ("Geovic Cameroon"), the entity that owns the Nkamouna cobalt/nickel/manganese ... (Jan 12, 2010)

ACS Positioned in "Leaders" Quadrant for Finance & Accounting Outsourcing (Business Wire via Yahoo! Finance)

DALLAS----Affiliated Computer Services, Inc. today announced it has been placed in the “Leaders” quadrant in industry analyst firm Gartner Inc.’s Magic Quadrant for Finance & Accounting Business Process Outsourcing. (Jan 12, 2010)

Accounting & Business Assistant - Energy & Gas (Rigzone)

200 character limit. SGF Global has an immediate opening: Administration, Accounting and Business Assistant for Houston, Texas. Minimum 5 years of experience in similar positions, preferably in energy or gas companies. (Jan 12, 2010)

Accounting Principals Releases 2010 Salary Guide (Business Wire via Yahoo! Finance)

JACKSONVILLE, Fla.----Accounting Principals, the accounting and finance recruitment unit of MPS Group, Inc. , today announced the release of the 2010 Salary Guide for Accounting and Finance Professionals. (Jan 12, 2010)

Fitch: Uncertainties Cloud Outlook for Global Accounting Convergence (Business Wire via Yahoo! Finance)

NEW YORK----The dual issues of global convergence and accounting for financial instruments are set to dominate the accounting landscape in 2010, following the financial crisis that challenged accounting policy makers and aggravated the implementation and interpretation of key accounting issues, according to Fitch Ratings. (Jan 12, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

Fitch outlines key accounting issues for 2010 (Investment Executive)

The prospect of convergence to a single set of global accounting standards, and financial instrument accounting, will be the most pressing issues in the accounting business in the year ahead, says Fitch Ratings. (Jan 12, 2010)

Purdue graduate joins accounting, tax practice (Port Clinton News Herald)

Nicholas Apling has joined the accounting and tax practice of Robert Apling and Associates, certified public accountants. (Jan 13, 2010)

UNCERTAINTIES CLOUD OUTLOOK FOR GLOBAL ACCOUNTING CONVERGENCE (Accounting Education)

The dual issues of global convergence and accounting for financial instruments are set to dominate the accounting landscape in 2010, following the financial crisis that challenged accounting policy makers and aggravated the implementation and interpretation of key accounting issues.... (Jan 13, 2010)

Anybill Co-Sponsors Largest Washington, DC-Area Not-for-Profit Accounting Events (Marketwire via Yahoo! Finance)

WASHINGTON, DC--(Marketwire - 01/13/10) - Anybill, Inc., the leading provider of complete, on-demand AP management software to small and medium sized enterprises, co-sponsors the largest 2009 Washington, DC not-for-profit accounting events. Kari Bedell, Executive Director of the Greater Washington Society of CPAs said, "Anybill has been a prominent and trusted service provider to the Washington ... (Jan 13, 2010)

Anybill Co-Sponsors Largest Washington, DC-Area Not-for-Profit Accounting Events (Marketwire)

WASHINGTON, DC--(Marketwire - January 13, 2010) - Anybill, Inc., the leading provider of complete, on-demand AP management software to small and medium sized enterprises, co-sponsors the largest 2009 Washington, DC not-for-profit accounting events. Kari Bedell, Executive Director of the Greater Washington Society of CPAs said, "Anybill has been a prominent and trusted service provider to the ... (Jan 13, 2010)

Dayton Development Coalition gives annual accounting (Dayton Daily News)

DAYTON — The Dayton Development Coalition gives its annual accounting Wednesday afternoon, Jan. 13, of economic development accomplishments during the past year and goals for this year’s efforts.The nonprofit coalition of regional businesses and local governments convenes its annual meeting at 4 p.m. at the Schuster Center in downtown Dayton. (Jan 13, 2010)

Accounting practices improve ‘by far’ (Jonesboro Sun)

JONESBORO — The City of Jonesboro’s financial accounting practices today “are better, by far, than they were in 2008,” Assistant Finance Director Jim Eagan said Tuesday. (Jan 13, 2010)

Accounting Principals Releases Salary Guide (WebCPA)

Jacksonville, Fla. The 24-page publication includes current salary and compensation information in the accounting and finance industry. (Jan 13, 2010)

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