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Accounting News 07/2011



Poulos Accounting & Consulting, Inc. to Host Meet & Greet Fundraiser for Blair Griffith, Miss Colorado USA
Griffith and Her Mother Suffered Series of Financial Setbacks; Poulos Sets up Series of Events to Honor Griffith and Raise Money for Her FamilyAtlanta, GA (PRWEB) July 01, 2011 Andrew G. Poulos, EA, ABA, ATP, president of Poulos Accounting & Consulting, Inc., and producer of The Savvy Money Show on WAEC 860AM, has coordinated a series of events for Blair Griffith, Miss Colorado USA, during her ...

ExpoPark accounting oversights cause 2011 shortfall
Accounting and management oversights at the Cascade County-owned Montana ExpoPark caused a shortfall in its 2011 budget.

Accounting Firm Employee Admits Defrauding Payroll Clients
A New York accounting firm employee has admitted to defrauding clients of a payroll services company out of more than $3 million in tax money.

Mobile Devices Are Accounting for More Web Browsing
The growing popularity of smartphones and media tablets is having a significant impact on the global browsing market, according to Net Applications. Smartphones and tablets accounted for more than five percent of all browsing activities globally in June -- with the iPad alone accounting for more than one percent of the entire global market, the web-metrics firm said Friday.

''ICAI accounting format for parties to ensure transparency''
Madurai, Jul 3 (PTI) In a bid to ensure transparency in their functioning, a format for accounting and auditing of income and expenditure of political parties has been submitted to Election Commission by the Institute of Charted Accountants of India (ICAI).The implementation of the uniform format would help in bringing about accountability of political parties, ICAI President G Ramaswamy told ...

New Accounting and Forensic Accounting and Fraud Examination Graduate Certificates at SNHU Provide Entrees into ...
Students enrolling in SNHU's online or on campus Accounting or Forensic Accounting and Fraud Examination graduate certificate programs, will receive a solid foundation in accounting principles and practices to prepare them for entry-level accounting positions in nearly every industry(PRWEB) July 04, 2011 Accounting Graduate CertificateSNHU’s graduate certificate in accounting is a first step ...

China listings in U.S. could slow on accounting scandals - PwC partner
SHANGHAI (Reuters) - The negative sentiment towards some North America-listed Chinese companies triggered by recent accounting scandals will probably slow the momentum of Chinese firms' IPOs in the United States, a partner at accounting firm PricewaterhouseCoopers China operations said on Monday.

Accounting scandals may slow U.S. listings of Chinese firms
The momentum of Chinese firms’ IPOs in the U.S. may be slowed, said a PricewaterhouseCoopers LLP partner

Accounting scandals may slow U.S. listings of Chinese firms
The momentum of Chinese firms’ IPOs in the U.S. may be slowed, said a PricewaterhouseCoopers LLP partner

UD professor examining effort toward proposed accounting standards changes
DAYTON — The Council of Institutional Investors hired a University of Dayton accounting professor to examine an industry board’s work in an ongoing effort to blend U.S. accounting standards with international accounting standards.

Accounting jobs up on 2010
Accounting jobs are up around 20 per cent compared to the same time last year, despite a slight dip in the month of June, according to Ambition's Accounting Jobs Index.

Analysis: Natural resources face brunt of China stocks scandal
HONG KONG (Reuters) - The accounting troubles and short-seller attacks plaguing Chinese companies have spared few industries, though one sector appears to be a common target.

Natural Resources Face Brunt of China Stocks Scandal
The accounting troubles and short-seller attacks plaguing Chinese companies have spared few industries, though one sector appears to be a common target.

MyGPcloud Launches Accounting iPhone Application
RoseASP announced that online accounting software users of myGPcloud™, a Microsoft Dynamics enterprise resource planning (ERP) solution available on-demand in the cloud, can now access their accounting data using myGPcloud Mobile, on all iPhone mobile applications.San Diego, CA (PRWEB) July 05, 2011 RoseASP announced that online accounting software users of myGPcloud™, a Microsoft Dynamics ...

Business People
York-based accounting firm SF & Co., recently announced the following: Shareholder Brandon M

Pittsburgh oversight board hires accounting firm
A state oversight board today announced that it's selected a Downtown accounting firm to help the city prepare for a financial management partnership with Allegheny County -- and to shed additional light on the city's bottom line.

New accounting rule would ease Greek pain: IASB
ZURICH/LONDON (Reuters) - European Union banks would have more breathing space from losses on Greek bonds if the bloc adopted a new international accounting rule, a top standard setter said on Tuesday.

Accounting Wizards Reviews MDL Technology, LLC's IT Services
KANSAS CITY, MO--(Marketwire - 07/05/11) - Accounting Wizards, an Accounting firm in Kansas City that specializes in providing outsourced accounting and bookkeeping services, recently endorsed its IT company, MDL Technology, LLC ( www.accountingwizards.com ). Kim Gustin, office manager at Accounting Wizards, said that their company performs complete accounting ...

Tech learns lessons of accounting woes
Corporate governance has become a hot topic, with tech executives struggling to make sense of President Bush's new law and the changes it could require.

SEC Filing: Divine Skins Engages CBH As Public Accounting Firm
Previous independent registered public accounting firmOn June 29, 2011 the Company dismissed RBSM LL...

Accounting for Value by Stephen Pennman
By Jacob Wolinsky. The focus on abstract concepts of valuation has long been commonly adopted my most as a means of measuring the prospect of profitability of investment by determining the value of companies using methods such as CAPM, cost-of-capital and discounted cash flow analysis. However, such measures or tools have, in some instances, been incapable of predicting certain aspects of the ...

How to Ensure Strong Boards and Proper Accounting Standards in China
I've argued that the single biggest risk facing the Chinese economy in the next 5 – 10 years is the lack of adequate corporate governance across its leading companies.  A month ago, Caixin.com reported that the Central Commission for Discipline Inspection of the Communist Part of China had launched an anti-corruption investigation into China’s three major telecom operators – China Telecom (CHA ...

Accounting Standards That Come in Flavors - Floyd Norris
The United States is considering whether to adopt international accounting standards, which it will probably do if it can rewrite some of the rules.

Accounting Standards That Come in Flavors - Floyd Norris
The United States is considering whether to adopt international accounting standards, which it will probably do if it can rewrite some of the rules.

Separate accounting unit for barangays
Reorganization of the accounting organizational structure and setting up of a separate Barangay Accounting Division Unit would mean better response in addressing backlog of financial transactions in the city and barangays.

Accounting Standards That Come in Flavors - Norris
The United States is considering whether to adopt international accounting standards, which it will probably do if it can rewrite some of the rules.

Investors hesitant on foreign accounting rules
Large investment and financial firms on Thursday told the Securities and Exchange Commission to slowly incorporate international accounting rules into the U.S. standard.

Global Accounting Standards, JPMorgan, ‘Rogue’ S-Chips, Spain: Compliance
Major financial firms and credit ratings agencies are pushing the U.S. Securities and Exchange Commission to blend U.S. and international accounting standards into one set of practices.

Public pension accounting to radically change
WASHINGTON (Reuters) - The accounting board for U.S. state and local governments is set to propose on Friday radical reforms to the disclosure practices of public pension systems.

Accounting powerhouse acquires Waco firm Parrish, Moody & Fikes
Waco's Parish, Moody & Fikes accounting firm has been bought by a national powerhouse.

Accounting powerhouse BKD acquires Waco firm Parrish, Moody & Fikes
Waco's Parish, Moody & Fikes accounting firm has been bought by a national powerhouse.

Where was SEC as trouble festered at Chinese companies?
NEW YORK (Reuters) - Alarmed by widening accounting debacles at U.S.-listed Chinese companies, American regulators are scrambling to stem the damage from gaps in laws adopted to protect investors after the Enron scandal a decade ago.

Generally Accepted Accounting Principles (GAAP)
The set of accounting methods under which U.S. companies may operate. These are subject to change as the Financial Accounting Standards Board and SEC determine more efficient reporting methods. 

US public pensions accounting 'understates liabilities'
US ACCOUNTING STANDARDS experts have warned current rules could allow public pension schemes to understate their liabilities, potentially leaving huge gaps in state funding.

Where was SEC as trouble festered at Chinese firms?
Accounting scandals expose holes in Sarbanes-Oxley law

Accounting firm splits up
WOODSTOCK— After a more than decade long partnership, the accounting firm of VanParys, Micacchi, Shippey and Warnick (VMSW) is disbanding. Managing partner Brent VanParys and partner Jean Shippey will be transitioning their practice to BDO Canada LLP as of Sept.[...]

Accounting Regulation in China's Best Interest
July 12 (Bloomberg) -- Jacob Frenkel, a former Securities and Exchange Commission lawyer now with Shulman Rogers Gandal Pordy & Ecker PA in Potomac, Maryland, talks about the feasibility of U.S. regulators conducting field inspections of auditors and companies in China.

Accrual Accounting
A form of accounting whereby revenues are recognized when they are earned, not when they are received. In accrual accounting, cash does not need to change hands before the revenue is recognized. 

CareWare Systems Selected to Implement Sage ERP Solution for Dolphin Engineering
Leading Engineering Company to Optimize Project Administration and Accounting with Sage Accpac Project ERP.Petaling Jaya, Malaysia (PRWEB) July 12, 2011 CareWare Systems Sdn Bhd (http://www.careware.com.my), Sage’s top business software reseller in Malaysia for 2010, was chosen to implement Sage Accpac Project ERP for Dolphin Engineering, Sdn Bhd, the leading ...

New accounting standards will alter fixed income strategies: report
Accounting and regulatory changes are likely to alter the fixed income strategies of insurance companies and pension funds, which could have serious implications for financial markets, according to the Committee on the Global Financial System.

CPE Link Goes Global: Offers Online Learning to Accounting Academy of South Africa
CPE Link is now offering online learning to a global audience through an affiliate agreement with the Accounting Academy of South Africa.San Jose, CA (PRWEB) July 13, 2011 The Accounting Academy, a knowledge center for accounting professionals in South Africa, now offers online courses through an agreement with CPE Link. The Accounting Academy provides continuing professional development to the ...

New accounting standards will alter fixed income strategies: report
Accounting and regulatory changes are likely to alter the fixed income strategies of insurance companies and pension funds, which could have serious implications for financial markets, according to the Committee on the Global Financial System.

Corporate Accounting Supervisor
RIGZONE Career Center - leading oil and gas careers web site

EU's Barnier says won't budge on accounting rule
LONDON (Reuters) - The European Union won't give the green light yet to a new accounting rule that could ease fallout from the euro zone's sovereign debt crisis on banks, a top EU official said ...

Accounting for Rockfish Tastes
No perch will do if spot’s around Dennis Doyle A friend and two buddies started their rockfish expedition by catching four, rather large, (for live lining), eight- to nine-inch spot and about a dozen, perfectly sized, six-inch white perch.     Cruising to the Bay Bridge and starting with the big spot, they caught four nice stripers within 45 minutes. It took the rest of a long and frustrating ...

IASB 'well on way' to be global accounting standard
* Hoogervorst: time to listen more to new members * No decision yet on another leasing rule consultation LONDON, July 14 (Reuters) - A top accounting rules settersaid on Thursday it was well on the way ...

REFILE-IASB 'on way' to being global accounting standard
(Cuts length of headline) * Hoogervorst: time to listen more to new members * No decision yet on another leasing rule consultation LONDON, July 14 (Reuters) - A top accounting rules settersaid on Thursday ...

BDO and Microsoft Dynamics Partner, Templeton Solutions, Delivers Successful National CRM Implementation
BDO, the country’s fifth largest accounting and consulting network with more than 40 offices and 400 independent alliance firm locations nationwide, selected Templeton Solutions to help configure and implement Microsoft Dynamics Customer Relationship Management (CRM) for roll-out across the United States. ...

Rikvin Helps New Businesses Get Off the Ground with Comprehensive Accounting Service
Rikvin Group, a company specialising in Singapore company registration and support services for overseas investors, helps businesses satisfy their financial reporting obligations by providing a full range of accounting and bookkeeping services.Singapore (PRWEB) July 15, 2011 Rikvin Group, a company specialising in Singapore company registration and support services for overseas investors, helps ...

New accounting standards will alter fixed income strategies: report
Accounting and regulatory changes are likely to alter the fixed income strategies of insurance companies and pension funds, which could have serious implications for financial markets, according to the Committee on the Global Financial System.