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Accounting News 08/2011



Most Area Accounting Firms Added New Employees
LIST STORY: Firms discuss strategies for growth and success. Includes the 2011 SFV'S LARGEST ACCOUNTING Firms list for download (pdf)

THE LIST: Accounting Firms
THE LIST: Largest accounting firms. Ranked by total employees in the greater San Fernando Valley. Includes the 2011 SFV'S LARGEST ACCOUNTING Firms list for download (pdf)

Xero Introduces Touch - an app for small businesses to manage finances on the go
Xero Touch, a mobile application is now available from the Apple App Store, enabling small business owners easy access to the financial information that helps keep their business running.San Francisco, CA (PRWEB) August 01, 2011 Xero accounting software, today released Xero Touch, a mobile application that’s now available from the Apple App Store, enabling small business owners easy access to ...

Accounting firm to host open house
BBR LLP Certified Public Accountants invites the community to an open house reception and ribbon cutting ceremony on Aug. 18 for their new Oldtown Salinas office at 307 Main Street, Suite 300.

Accenture to Deliver Information Technology and Finance and Accounting Services to Intertek under Outsourcing Contract
LONDON--(BUSINESSWIRE)-- Accenture (NYSE: ACN) has entered into an agreement with Intertek, a leading global provider of quality and safety solutions, to provide Intertek with global IT and finance and ...

Accounting Departments Drive Demand for Electronic Document Management Solutions to Improve Bottom Line, According to ...
Trend shows accounting department personnel as drivers of paperless solution adoptionMansfield, MA (PRWEB) August 01, 2011 IntelliChief LLC, the leading provider of document management and imaging solutions for the IBM i (System i, iSeries, AS/400), reports accounting department personnel are often both primary drivers and first adopters of paperless solutions in their companies. ...

Mergis Group Accounting & Finance Employee Confidence Index Dips; Fewer Workers Express Confidence in the Future of ...
The Accounting and Finance Employee Confidence Index, a measure of overall confidence among U.S. accounting and finance workers, slipped 2.1 points to 50.0 in the second quarter of 2011, according to a recent survey of 3,833 U.S. adults among which 183 are employed in Accounting and Finance commissioned by The Mergis Group®, the professional placement division of SFN Group, Inc.

Victoria professor advocates simplified accounting standards
A Victoria University academic is calling for accounting standards to be written in more concise English, as the international accounting community prepares to converge its regulation with US standards.

Surprise maintains AA bond rating despite accounting errors
City experienced decade of multi-million dollar accounting errors and financial mismanagement.

Sales leap for Kiwi accounting software brand
Global sales revenue for New Zealand-developed accounting software MoneyWorks has increased more than 40 per cent since the launch of version six of the application just six months ago. The software has also recently secured three major international ...

Virtual Premise Focuses Software As A Service (SaaS) Solutions To Help Customers Get Ready Now For Anticipated New ...
Virtual Premise, a leading Software as a Service (SaaS) provider of real estate information management solutions, recently announced the introduction of its FASB Readiness software and services offerings designed specifically to address customers' needs as they prepare for the anticipated changes to lease accounting standards.

A Few Accounting Essentials Are Crucial for Survival
Business owners do not necessarily need to know how to prepare a balance sheet, but they do need to know which gauges to watch.

You're the Boss: Do You Know Enough About Accounting?
It took the intervention of his peers to convince one business owner that if he didn't master his finances he was going to lose his business.

Accounting executive gets probation for cheating on taxes
A former accounting firm partner whose tax evasion was uncovered during the investigation of Le-Nature's in Latrobe was sentenced this morning in federal court to two years of probation for cheating on his taxes, avoiding a possible prison term of up to three years.

Global accounting rules? Don’t tread on me, U.S. says
Canada bought in. But with Europe making exceptions, how international are regulations, anyway?

A Few Accounting Essentials Are Crucial for Survival
Business owners do not necessarily need to know how to prepare a balance sheet, but they do need to know which gauges to watch.

Three Hotel Companies Select Aptech’s Profitvue ASP Back Office Accounting
Hilton Garden Inn, Two Independent Resorts use Internet-Based Profitvue Back Office System to Manage Property Financial SuccessPittsburgh, PA (PRWEB) August 04, 2011 Aptech Computer Systems, Inc., the leading provider of hospitality software for business intelligence, enterprise financial accounting and resource planning, today announced that three hotel companies selected the Profitvue® ASP ...

Dempsey Partners Appoints Robert Glasser as Partner and Leader of East Coast Property and Business Interruption Claim ...
Dempsey Partners, a leading forensic accounting, claims, and risk consulting firm, today announced the appointment of Robert Glasser, a prominent forensic accounting claims professional, as a partner in the New York office and leader of the firm’s U.S. East Coast Property and Business Interruption Claims practice. ...

Asiabizservices Assists New Businesses Get Off the Ground with Comprehensive Accounting Service
Asiabizservices, 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.(PRWEB) August 04, 2011 Asiabiz, a company specialising in Singapore company registration and support services for overseas investors, helps businesses ...

Regional Accounting Firm Baker Milligan, Inc. Announces the Opening of West Lafayette, IN Office
Baker Milligan, Inc.(“Baker Milligan”) a leading regional accounting and consulting firm based in Monticello, Indiana, has announced the opening of their West Lafayette, IN office. In order to continue to better serve clients in Lafayette and West Lafayette and to facilitate the delivery of leading tax, accounting, and consulting services and strategies, Baker Milligan has opened an office at ...

Research and Markets: India Accounting Software Market Outlook 2016
DUBLIN--(BUSINESSWIRE)-- Research and Markets ( (link) india_accounting_s ) has announced the addition of the " India Accounting Software Market Outlook ...

Accounting and Finance
What courses? Accountancy; finance; accounting & finance; accountancy studies; financial accounting; professional accounting; business administration (accounting); money, banking & finance; financial studies. Plus a whole heap of joint honours with related, and completely unrelated, subjects.

Groupon to ax unusual accounting in amended IPO filing
New filing will remove references to accounting treatment that has attracted controversy, sources have told All Things Digital.

Back to school: MSU Billings adds online accounting option
Students asked for it, so Montana State University Billings is delivering it online.

Lease accounting: the pendulum swings
(Second of two parts)This article continues the discussion from last week, where we highlighted the main issues that respondents identified in the proposed exposure draft (ED) on accounting for leases.

Veramark Introduces VeraSMART Wireless Call Accounting
All the Benefits of VeraSMART Call Accounting -- for Wireless Communications

A blog on audit and accounting standards by Accountancy Age reporter Rose Orlik
Accounting hubs alleviate standard headache? THE WORLD of accounting standards increasingly resembles a bowl of alphabet soup with the vowels missing - how are global players expected to write financial reports with that?

Accounting’s parallel universes
Do you recall the “Star Trek” episode of the parallel universes when Mr. Spock had a mustache in the other universe? Well, you can picture a striking Fu Manchu on the upper lip of your favorite accountant when he or -- gulp! -- she tries to explain why corporate tax accounting doesn’t match financial statements used in the business world.

Universal Accounting Partners with BookKeeping Express to Offer Enhanced Training
Universal Accounting , the nations largest training organization for accounting, bookkeeping and tax preparation, has announced a strategic partnership with BookKeeping Express , the only U.S. franchise focused solely on offering certified bookkeeping services. Universals partnership with...

Bertke joins accounting firm
After interning with the accounting firm of Anneken, Huey & Moser, PLLC, Adam Bertke has joined the team as a staff accountant in the Fort Wright office.

Groupon to change accounting
The daily-deals site plans to stop using a controversial operating income measure that excludes marketing costs and other items, amid pressure from investors as it prepares for an IPO later this year, according to published reports. In Q1, Groupon spent $208 mil in marketing, up from $4 mil a year ago, to help boost subscribers and generate revenue growth. It also must grow its sales staff to ...

Accellis Technology Group Bridges Gap Between Accounting and Technology by Offering Managed Accounting Services for ...
CLEVELAND, Aug. 9, 2011 /PRNewswire/ -- Recognizing a growing challenge for law firms to balance the expanding capabilities of their accounting systems with the skills of their administrative staff, Accellis Technology Group, a national IT consulting firm, today announced the rollout of a full service Managed Accounting Services program after piloting the program in late May. The program is ...

DealBook: Groupon Drops a Criticized Accounting Measure
Groupon dropped a much-criticized accounting metric from its latest prospectus, but continued to show strong growth in both net revenue and subscribers.

Groupon drops controversial accounting metric
NEW YORK (MarketWatch) -- Online coupon firm Groupon in a revised SEC filing for its IPO backed off from using a controversial accounting metric that some investors had complained did not reflect accurately the company's operating costs. "While we track this management metric internally to gauge our performance, we encourage you to base your investment decision on whatever metrics make you ...

IGNOU to offer courses in warehousing, accounting
New Delhi, Aug 10 (IANS) The Indira Gandhi National Open University (IGNOU) will soon be offering programmes in warehousing, financial accounting and office management in a bid to provide more job-oriented courses, a university official said Wednesday.

IMA Unveils New Management Accounting Framework; Identifies Critical On-the-Job Competencies
DENVER--(BUSINESS WIRE)--IMA®, the global association exclusively for the management accounting profession, unveiled today the initial findings of a research study designed to help define the management accounting curricula of undergraduate and graduate accounting programs. The study reflects the evolution of the management accounting field and strives to bridge the skills gap between the ...

Groupon changes accounting method, reports losses
Online coupon provider Groupon Inc. reported losses for the second quarter and the prior year after backing away from an accounting method scrutinized by U.S. regulators.

Groupon amends IPO filing to remove odd accounting
Groupon Inc. has abandoned an unusual accounting metric in its registration documents for an initial public offering following scrutiny from regulators, according to revised papers filed on Wednesday.

Groupon Alters Accounting Method in New IPO Filing, Reports Loss
Groupon Inc., the biggest provider of online coupons, backed away from a controversial accounting method in an amended initial public offering filing today and reported a second-quarter loss.

Groupon Alters Accounting, Doubles Sales
NEW YORK (TheStreet) -- Groupon amended its IPO filing, adding mixed second-quarter results and dropping a controversial prettified metric that glossed over customer acquisition costs. The Chicago-based daily deal site, which filed for an IPO in June, said second-quarter losses widened to $255.4 million from $146.5 million in the first quarter. But sales for the quarter ended in June more than ...

Groupon Posts $878M Q2 Revenue, Drops Accounting Measure
Groupon has dropped a much-scrutinized accounting metric in a new SEC filing, while posting continued growth as it preps for an IPO.Groupon generated revenue of $878.0 million in the second quarter of 2011, soaring about 10x from $87.3 million a year ago. On a sequential basis, revenue increased from $644.7 million in the first quarter. The company also posted a net loss of $102.7 million in the ...

Accounting gain boosts Brookfield results
Canadian asset manager looking to invest cash in acquisitions, possible share buy-backs

Groupon Alters Accounting Method in IPO Filing, Reports Loss
Groupon Inc., the biggest provider of online coupons, reported losses for the second quarter and the prior year after backing away from an accounting method scrutinized by U.S. regulators.

Groupon revises accounting metrics, losses jump
Daily deals website Groupon on Wednesday played down a controversial accounting method and reported a growing second-quarter loss in a U.S. Securities and Exchange Commission filing.In its second amendment to the papers it must file before going public, Chicago-based Groupon said it stands by its belief that its calculation of “gross profit” is important. But it said it also tracks its operating ...

Zynga revises accounting practices; has credit line
NEW YORK (Reuters) - Zynga Inc, developer of popular Facebook games such as Farmville, said it is changing how it measures the average playing time for its paying users and has arranged a $1 billion revolving line of credit.

Zynga reveals accounting error
Zynga, the social gaming company behind such hits as Farmville and Mafia Wars, today restated Q1 revenue to reflect an accounting error in its original IPO registration. The new Q2 revenue figure is $242.89 million, which represents more than a 3% increase over the previously-reported figure.

Good accounting adds up for companies
Few people start a business because they are good with numbers. But to run a business effectively, most owners need to have some understanding of their finances.

International Accounting Convergence Will Affect Renewable Companies
Companies in emerging industries such as renewable energy probably believe they have enough to worry about without dealing with the convergence of U.S. and international accounting standards. However, as the financial system struggles to keep up with world events and technology, renewable firms need to keep up as well.

Technological advances are changing the accounting industry
American Institute of Certified Public Accountants met in New Orleans this week

IASB proposes reform of insurance accounting
The International Accounting Standards Board has put out proposals for changes to insurance accounting, in order to make the current “impenetrable” financial information more accessible to users of accounts.