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Accounting News 06/2012



arvato Positioned as a Challenger in the Magic Quadrant for Finance and ...
arvato Positioned as a Challenger in the Magic Quadrant for Finance and ...

Saba Provides Internal Accounting Review Update
REDWOOD SHORES, Calif., Jun 01, 2012 (BUSINESS WIRE) -- Saba (NASDAQ:SABA) , the premier provider of people-centric enterprise solutions, today provided an update regarding progress of the ongoing accounting review by the Audit Committee of its Board ...

A roundup of accounting-related technology news
Chicago -- UK-based cloud accounting software maker FreeAgent is launching a foray into the US market with the purchase of financial forecasting software firm 60mo, whose team will be incorporated into FreeAgent's new American division, FreeAgent Inc., ...

Financial Accounting Foundation Issues Request for Nominations for New Private ...
Financial Accounting Foundation Issues Request for Nominations for New Private ...

Accounting Officers Urged to Protect Public Funds
Peter Phillips, has called for greater vigilance on the part of officers charged with protecting and accounting for public funds. Dr. Phillips, who was speaking at an audit committee workshop hosted on May 31 by the government's Audit Commission at the ...

GASB Final Pronouncements Are Now Available as Free Downloads
NORWALK, Conn., Jun 01, 2012 (BUSINESS WIRE) -- Effective immediately, final Statements and certain other pronouncements issued by the Governmental Accounting Standards Board (GASB) are available for downloading at no cost on the GASB website ...

When will the profession change?
By Danielle Lee The accounting profession has a long way to go in attracting, retaining and including both minorities and women. Executives at the top accounting firms all agree that diversity in the profession is far from reaching an acceptable ...

California disciplines accounting firm that missed Bell irregularities
By Jeff Gottlieb, Los Angeles Times The state has reached a disciplinary settlement with the accounting firm that failed to detect financial irregularities in Bell despite money problems that pushed the city to the brink of insolvency and led to a ...

Accounting officers told to use funds prudently
The Parliamentary Public Accounts Committee (PAC) Chairperson, Mr John Cheyo, has reminded Accounting Officers (AO) to ensure that funds set aside for development projects were utilized accordingly. Mr Cheyo told the “Sunday News” in a telephone ...

Global accounting rules – an unfeasible aim
Similar risks apply to the efforts of the International Accounting Standards Board (IASB), the accountancy profession and some international regulators to bring about adoption of IFRS for global use. The IASB and US Financial Accounting Standards Board ...

Accountant Earns CPA License
To obtain the license, Burch passed the Uniform Certified Public Accounting Examination, which consists of a four-part, 16-hour exam covering the areas of financial accounting and reporting, auditing and attestation, business environments and ...

Lee accounting alum excel
by Special to the Banner Five of the department's recent alum earned a Certified Public Accountant license, considered the highest standard of competence and only licensed qualification in the accounting profession. Graduates Emily Collins, Carmen ...

True picture of debt
The difference was caused by a shift in accounting method. Previously the government calculated national debt based on cash accounting, a method that recognizes expenses at the time when cash is paid. Under this approach, potential debt, ...

Accounting techniques
In the first year, students learn about financial accounting, which is the basic of accounting. Here, students deal with difficulties in learning about every kind of organisation , their stock evaluation, profit and loss and preparation of final ...

Kaizen Accounting Solutions offers a cutting edge virtual accounting service ...
Kaizen Accounting Solutions offers a cutting edge virtual accounting service ...

Partners at Braintree & Newton Based CPA Firm Donate & Walk for MARE
Rodman & Rodman is a leading accounting, tax and business services firm with offices in Braintree and Newton. Steven P. Rodman, CPA, MST, President of Rodman & Rodman and his wife Susan and MARE Board Member Thomas Astore, CPA, JD, Partner and his wife ...

Relevante Sponsors Accounting and Technology Conference
Media, PA, June 04, 2012 --(PR.com)-- Relevante, Inc., a leading provider of accounting and technology consulting solutions, announced that it will host its Accounting and Technology Conference on Tuesday, July 24th from 8:00 AM to 4:00 PM at The ...

The JOBS Act: Economic Solution or Investor Nightmare?
For example, the online coupon company, Groupon, which went public in 2011 and had over $1 billion in revenue at the time, faced major SEC scrutiny over its accounting methods during its IPO. The company suffered a significant market capitalization ...

Clearwater Analytics Continues Strong Growth as Web-Based Investment ...
Clearwater Analytics Continues Strong Growth as Web-Based Investment ...

Scott D. Salberg, CPA, CVA From Salberg & Company, PA, Auditors of Publicly ...
Scott D. Salberg, CPA, CVA From Salberg & Company, PA, Auditors of Publicly ...

Rothstein Kass Named A Best Public Accounting Firm For Women By 2012 ...
Rothstein Kass Named A Best Public Accounting Firm For Women By 2012 ...

SunGard's iWorks Wins RAVE Award from Tech Decisions and Novarica in ...
SunGard's iWorks Wins RAVE Award from Tech Decisions and Novarica in ...

Thomson Reuters Introduces 70 New Educational Courses in 2012 for Tax ...
Thomson Reuters Introduces 70 New Educational Courses in 2012 for Tax ...

IASB Sees Expected Loss Model Coming for Impairment
By Michael Cohn International Accounting Standards Board chairman Hans Hoogervorst said the IASB and the US Financial Accounting Standards Board are making progress on an expected loss model for banking assets that will provide a more forward-looking ...

He wants accounting to all add up
It's reasonable for investors to be skeptical about audits of public corporations by accountants the companies themselves hire, but rules developing now can make such audits more reliable, a top accounting regulator says. “Audit is the fundamental rock ...

Agency's $32M error blamed on sloppy accounting
DENVER (AP) — Sloppy accounting and staff turnover caused a $32.4 million miscalculation at Colorado's Division of Wildlife, according to a state audit presented to lawmakers Monday. The audit detailed the missteps that caused the new merged Division ...

WMI Holdings Corp. Appoints New Chief Accounting Officer
SEATTLE, June 4, 2012 /PRNewswire via COMTEX/ -- WMI Holdings Corp., (OTN:WMIH) (the "Company"), formerly Washington Mutual, Inc., today announced that Timothy Jaeger has been named Interim Chief Accounting Officer of the Company, effective May 28, ...

UK needs new accounting rules for banks - BoE's Haldane
LONDON, June 5 (Reuters) - Britain needs separate accounting rules for banks to allow investors and regulators to properly evaluate risks, as trying to do so now was like trying to "pin the tail on a boisterous donkey", a senior Bank of England ...

Linfield College Adult Degree Program Helps Students Advance Careers with Two ...
Linfield College Adult Degree Program Helps Students Advance Careers with Two ...

Accounting Management Solutions and Edwards Wildman Address New York Nonprofit ...
Accounting Management Solutions and Edwards Wildman Address New York Nonprofit ...

Tech Allies Consulting Adds Oil & Gas Industry Expert
His diverse background contains a variety of core competencies including, but not limited to, O&G Accounting, Financial Systems, Application Development and Internal Controls. Rick is also recognized as a Financial Systems expert, having managed ...

GASB rules have pension execs prepping own accounting standards
By Hazel Bradford | June 5, 2012 11:21 am Sweeping new accounting rules for public pension plans that highlight liabilities have plan executives preparing their own standards to counteract a possible chilling effect on funding. The new accounting rules ...

Twenty years on, the benefits are clear
Accrual accounting is not the work of the devil. It's what most of us use in our own lives In last month's Informant, regular columnist Paddy Gourley expressed the view that accrual accounting ''is more trouble than it's worth, and everyone would be ...

Expected-loss model "well on the way", says IASB
Speaking at the 3rd European Central Bank Conference on Accounting, Financial Reporting and Corporate Governance for Central Banks, IASB chairman Hans Hoogervorst said that both the IASB and FASB "are convinced that we need a more forward-looking ...

Ziptr Revolutionizes Secure Messaging and File Sharing for Massachusetts ...
Ziptr Revolutionizes Secure Messaging and File Sharing for Massachusetts ...

Survey Of Public Company Accounting Oversight Board (PCAOB) Data Reveals Fair ...
Survey Of Public Company Accounting Oversight Board (PCAOB) Data Reveals Fair ...

Q&A: GAAP for Master Tenant Structures
By Frank Buss, CPA, Novogradac & Company LLP Question: How would a historic tax credit (HTC) investor in a master tenant structure account for its investment in accordance with Generally Accepted Accounting Principles (GAAP)? Answer: This is a frequent ...

Accountants' Salaries Hold Steady Despite Turbulent Times, According to IMA ...
Accountants' Salaries Hold Steady Despite Turbulent Times, According to IMA ...

Cross-Cutting Issues Impede Boards' Insurance Contracts Acquisition Costs ...
Cross-Cutting Issues Impede Boards' Insurance Contracts Acquisition Costs ...

CAMICO, Liability Insurance Carrier for the Accounting Profession, Posts Year ...
CAMICO, Liability Insurance Carrier for the Accounting Profession, Posts Year ...

Bill.com Receivables Wins Ninth Annual Tax and Accounting Technology ...
Bill.com Receivables Wins Ninth Annual Tax and Accounting Technology ...

Mexico accounting regulator says no fraud at Pemex
The Mexican comptroller's office said it supported statements from Pemex that its accounting had followed rules accepted in Mexico and the United States, after a lawmaker from a leftist party said in May that the firm appeared to have scrubbed a 2009 ...

Business Executives Adopt Dimmer View of US Economy
"What we're seeing is the same 'two steps forward, one step back' cycle we encountered last year," said Arleen R. Thomas, CPA, CGMA, the AICPA's senior vice president for management accounting. "There's no question survey takers have grown more ...

Comverse Technology Announces Fiscal 2012 First Quarter Results
Consolidated Highlights: Below is selected consolidated financial information for the three months ended April 30, 2012 and 2011 prepared in accordance with generally accepted accounting principles ("GAAP") and, where indicated, not in accordance with ...

Genpact Positioned by Leading Analyst Firm in Leaders Quadrant in 2012 Finance ...
Genpact Positioned by Leading Analyst Firm in Leaders Quadrant in 2012 Finance ...

Robert Half: accounting-finance staffing seen flat
By Kristin Jones The number of full-time employees in accounting and finance departments is expected to stay roughly flat in the third quarter, according to Robert Half International Inc. (NYSE:RHI) . The temporary-staffing company said a survey found ...

CPAs Form New Consulting Alliance
In the coming months, CPACA will release a research study and commentary focused on the CPA profession's opportunities and challenges as well as future leadership in the accounting profession. The document is based on a survey of more than 750 CPAs and ...

CCH Connections: User Conference 2012 -- Advance Your Business, Connect with ...
CCH Connections: User Conference 2012 -- Advance Your Business, Connect with ...

Bungled mergers could lead to restatements: study
| NEW YORK (Reuters) - Merger-and-acquisition decisions that are poorly received in the stock market could put pressure on managers to misreport results, leading to accounting restatements, a new study shows. About 18 percent of companies whose deals ...

Bungled mergers could lead to restatements -study
| NEW YORK, June 7 (Reuters) - Merger-and-acquisition decisions that are poorly received in the stock market could put pressure on managers to misreport results, leading to accounting restatements, a new study shows. About 18 percent of companies whose ...