Accounting News 02/2010 (Page 2)

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. (Feb 6, 2010)

Residents learn about city finance, accounting (Waxahachie Daily Light)

Residents enrolled in Waxahachie 101 learned about the role that proper accounting and personal management play in city government. Waxahachie's director of finance, Charles Harris, and human resource director, Gayle Sims, spoke to the class on Thursday morning. (Feb 7, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

Neosho, Missouri Hires BKD Accounting Firm for Financial Review (KSPR Springfield)

The Neosho City Council has approved an agreement with accounting firm BKD to review the city's finances. (Feb 8, 2010)

Carbon accounting software market starts to heat up (Computerworld)

Computerworld - Before 2008, if companies tracked their carbon emissions at all, they poured the data into spreadsheets. (Feb 8, 2010)

Accounting: BPM establishes ESOP; Brotemarkle creates Web site to share its ‘passion’ (North Bay Business Journal)

Burr Pilger Mayer, the largest California-based accounting and consulting firm with branch offices in Santa Rosa and Novato, is now operating as a corporation under the name Burr Pilger Mayer Inc. and is offering an Employee Stock Ownership Plan. (Feb 8, 2010)

Congressmen, Citing Reports Of Fraud, Seek Accounting For AIDS Funding (Medical News Today)

"Two Republican congressmen who help oversee billions of dollars for people with AIDS are asking the federal government for an accounting of fraud and mismanagement complaints leveled against AIDS programs nationwide," The Washington Post reports. "Reps. Joe L. Barton (Tex.) and Greg Walden (Ore.) sent a letter Thursday to the U.S. Health Resources and Services Administration that raised ... (Feb 8, 2010)

AccuFund Adds Enhanced Loan Tracker Module in Latest Upgrade of the AccuFund Accounting Suite (PR Newswire via Yahoo! Finance)

NEEDHAM, Mass. , Feb. 8 /PRNewswire/ -- AccuFund, Inc., provider of financial reporting and accounting software for non-profit, municipal and government organizations, today announced that Loan Tracker, a stand-alone module, has been enhanced and is now integrated in Version 3.09 of the AccuFund Accounting Suite. Loan Tracker is utilized by economic development organizations, housing agencies ... (Feb 8, 2010)

The Spirit Of Accounting: Fortress LIFO is crumbling: It's about time (WebCPA)

Since 1939, when the Tax Code's treatment of inventory was modified to permit LIFO, managers and accountants have faced a tri-lemma in that they have to choose among FIFO, LIFO and average flow assumptions. (Feb 8, 2010)

AccuFund Adds Enhanced Loan Tracker Module in Latest Upgrade of the AccuFund Accounting Suite (redOrbit)

NEEDHAM, Mass., Feb. (Feb 8, 2010)

FAU’s School of Accounting receives grant from Goldstein Lewin (Boca Raton News)

Florida Atlantic University’s School of Accounting just received a $5,500 gift from Goldstein Lewin & Co., certified public accountants and consultants, to support students in that school by providing funding for scholarships and professional development. (Feb 8, 2010)

TechTarget finishes accounting probe, CFO resigns (AP via Yahoo! Malaysia News)

TechTarget Inc. on Monday said it finished an internal audit and reduced its third-quarter income by $967,000 to adjust for improper accounting. (Feb 8, 2010)

TechTarget finishes accounting probe, CFO resigns (AP via Yahoo! News)

TechTarget finishes accounting probe, CFO resigns (Bay News 9 Tampa Bay)

TechTarget says it will record negative adjustment for improper accounting; CFO resigns (Feb 8, 2010)

Tandem offers managed accounting services (The Hindu)

CHENNAI: Tandem Consulting Private Limited (TCPL), a Chennai based firm engaged in providing organised accounting services, has developed a business intelligence tool, TANPLUS which is used in generating customised MIS (management information systems) reports. (Feb 8, 2010)

TechTarget finishes accounting probe, CFO resigns (San Francisco Chronicle)

TechTarget Inc. on Monday said it finished an internal audit and reduced its third-quarter income by $967,000 to adjust for improper accounting. The company also said its chief financial officer resigned. TechTarget said its internal investigation found that... Accountancy - Business - Chief financial officer - Internal audit - Accounting (Feb 8, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

Deadline Looms for 'Drifters' Profiteers to Give Accounting (Law.com)

Lawyers and litigants are counting days to determine how many dollars are at stake in the case of the music promoters who hijacked the name of The Drifters. A judge set a 90-day deadline Thursday for entrepreneur Larry Marshak and his associates to supply an accounting of their profits from bands with The Drifters name in the title in violation of an injunction obtained by trademark owner Faye ... (Feb 9, 2010)

MANAGERIAL ACCOUNTING, 4TH EDITION (Accounting Education)

Find out how to make more effective business decisions by applying key accounting concepts! (Feb 9, 2010)

Accounting Software offers construction business management. (ThomasNet)

ProContractorMX(TM) v2.0 includes takeoff estimating and enables users to monitor upcoming projects to track resources and control budgets, costs, billing, change orders, and accounting data. Scalable program also manages bids and proposals, while procurement management and job cost accounting are also included. Users can process and report construction payrolls, track equipment, and capture ... (Feb 9, 2010)

Cascade Financial Services Selects Advantage Systems' Accounting for Mortgage Bankers (Business Wire via Yahoo! Finance)

IRVINE, Calif.----Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced that Mesa, Ariz.-based Cascade Financial Services selected Advantage Systems’ Accounting for Mortgage Bankers automated accounting system to address the lender’s mortgage accounting needs. (Feb 9, 2010)

No accounting professional a weakness for many cities (The Glasgow Daily Times)

The city of Edmonton is one among several southcentral Kentucky cities that does not have an accounting professional on staff to prepare the city’s financial statements. (Feb 9, 2010)

Great Lakes Accounting, PC (The Daily Mining Gazette)

Lucinda Enderby, president of Great Lakes Accounting, PC, is a certified public accountant with over thirty years of experience in public accounting working with individual, businesses, non-profits, trust and estates. (Feb 9, 2010)

Creative Accounting: When It's Too Good To Be True (Investopedia via Yahoo! Finance)

Accounting practices have matured, but there are still plenty of ways that companies can disguise their financial results. (Feb 9, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

Body supports aspiration to make M’sia accounting education hub in region (The Borneo Post)

KUCHING: Association of Chartered Certified Accountants (ACCA) is proud to support the government’s aspiration in making Malaysia the accounting education hub in the region. (Feb 10, 2010)

Japan Urges Asia to Form ‘Third Force’ on Accounting Standards (BusinessWeek)

Japan should join forces with other Asian nations to limit European and U.S. influence over how global accounting rules are shaped, said Noriaki Shimazaki, who helps oversee the International Accounting Standards Board. (Feb 10, 2010)

Research and Markets: 2009 Top Finance Accounting Outsourcing Providers, Black Book Survey 2009 Results (Business Wire via Yahoo! Finance)

DUBLIN----Research and Markets has announced the addition of the "2009 Top Finance Accounting Outsourcing Providers, Black Book Survey 2009 Results" report to their offering. (Feb 10, 2010)

Unified Fund Services Selects SunGard’s Asset Arena Investment Accounting (PRWeb via Yahoo! News)

Unified Fund Services (UFS) has selected SunGard’s Asset Arena Investment Accounting, a global investment accounting and reporting solution. A wholly-owned subsidiary of Huntington Bancshares, Inc., Indianapolis-based UFS is a comprehensive provider of fund accounting, transfer agency, administration, distribution and other services for mutual funds. (Feb 10, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

Banks in revolt over cost of accounting overhaul (Accountancy Age)

A proposed overhaul of bank accounting will cost as much as £225m, take years to com plete and do little to prevent a repeat of the factors which brought the world economy to the brink of collapse. (Feb 11, 2010)

Park District earns accounting award (Park Ridge Herald-Advocate)

The Park Ridge Park District has once again earned the prestigious Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada. (Feb 11, 2010)

Journal Communications posts 4Q profit (AP via Yahoo! News)

Milwaukee Journal Sentinel publisher Journal Communications Inc. reported a fourth-quarter profit of $7.2 million Thursday, reversing year-ago loss caused by accounting charges. (Feb 11, 2010)

Bennett Thrasher Shareholders Elected to Leadership Positions in International Accounting Association (dBusinessNews.com)

ATLANTA, February 11, 2010 – Bennett Thrasher PC, the 4 th largest Atlanta based accounting and audit firm, announced Shareholder Scott Hazy has been elected Deputy President (President Elect) of the Board of Directors and Shareholder Cary Rodin has been elected Chair of the Tax Committee of DFK International. (Feb 11, 2010)

IFRS Accounting Trends & Techniques: New AICPA-Published Book on How 100 Top International Public Companies Use IFRS (Business Wire via Yahoo! Finance)

NEW YORK----The American Institute of Certified Public Accountants has published an important new resource for U.S. companies, investors and accountants looking at the coming U.S. conversion to a global set of financial reporting standards – IFRS Accounting Trends & Techniques. (Feb 11, 2010)

Accounting and tax news round up (ShareChat)

Specialist accountancy website Netprophet.co.nz exclusively reports this week on how much PricewaterhouseCoopers has made from seven failed finance companies, after some digging around on the Companies Office website. (Feb 12, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

Clark joins Edison accounting firm (MyCentralJersey.com)

EDISON — John Clark has joined the township-based accounting firm Amper, Politziner & Mattia as a director in both the Financial Services and the Business & Risk Advisory Practice Groups. (Feb 12, 2010)

Although Asia Pacific Region Is The Largest LNG Market, Accounting For More Than 68% Of Global Trade, LNG Is Becoming ... (OfficialWire)

LNG business has been growing at a fast pace since the first commercial overseas shipment in September 1964. It accounts for more than 7% of the world's natural gas demand. (Feb 12, 2010)

Mayor: Cash reserve dip due to faulty accounting (FOX 16 Little Rock)

The mayor of Conway says faulty accounting or human error — not theft — is the cause of the city's cash reserves being about $1.8 million lower than expected. (Feb 12, 2010)

Notices going out to Alaskans over lost data (AP via Yahoo! Finance)

A lawyer for the state said letters should begin going out this week to the more than 77,000 current and former public employees whose personal information was lost by an accounting firm. (Feb 12, 2010)

Town says accounting error made for false shortfall (The News & Observer)

Officials in Holly Springs say an accounting error – one that omitted more than $1.2 million in property taxes – led to an incorrect budget report. (Feb 12, 2010)

Maxwell Upgrades Construction Accounting Software (WebCPA)

Maxwell Systems has introduced ProContractorMX 2.0, the latest version of its construction business management software. (Feb 12, 2010)

KJCT8.com - Grand Junction, Montrose - Weather, News, Sports | Colo. lawmaker apologizes for 'accounting errors' (KJCT 8 Grand Junction)

DENVER (AP) - Republican Rep. Steve King is apologizing to fellow Colorado lawmakers for "accounting errors" and says he has reimbursed the state for $914.53. (Feb 12, 2010)

Colo. lawmaker apologizes for 'accounting errors' (KRDO Colorado Springs)

Associated Press - February 12, 2010 4:14 PM ET DENVER (AP) - Republican Rep. Steve King is apologizing to fellow Colorado lawmakers for "accounting errors" and says he has reimbursed the state... (Feb 12, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

Accounting firm logs $6,150 in fundraiser (Courier-Post)

Employees of The Alloy Silverstein Group, an accounting firm headquartered in Cherry Hill, donated a record breaking $6,150 in honor of the American Heart Association's National Wear Red Day on Feb. 5. (Feb 13, 2010)

Supreme Court considers accounting oversight panel (Arkansas News Bureau)

How to avoid common tax errors made by new homeowners (Los Angeles Times)

With first-timers accounting for most home buyers last year, the IRS is bracing for more than the usual number of rookie mistakes. No one is perfect, especially when it comes to filing a federal income tax return. And with first-timers accounting for the majority of home buyers last year, the IRS is bracing for rookie mistakes. (Feb 14, 2010)

FanHouse: Wizards still have to pay luxury tax (Sports Illustrated)

After counting the tax savings from the 50-game suspension of Gilbert Arenas and the 38-game suspension of Javaris Crittenton and accounting for the Saturday movement, Washington's 2009-10 payroll is at $72.7 million. (Feb 14, 2010)

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