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Accounting News 02/2013



Kelly: High school's tribute an overdue accounting of Vietnam War's toll
A poignant ceremony at my high school this week honored the memory of 11 graduates killed in Vietnam. At the end, a roll call of the dead was intoned by a classmate who had played fullback on our football team, become an enlisted soldier and medic in ...

Deloitte among accounting firms clear the books of extra square footage
Three of the region's four-largest CPA firms are displaying creative accounting when it comes to their own leases, doing much more with less space but at least the same number of employees. “We have just as many people, so this is not about less ...

7 S&P 500 Dividend Stocks With Troubling Accounting Signals
Do you prefer stocks that pay dividends you can rely on? If you do, surely you would like to focus on companies that will continue to pay those dividends in the long-term. With this in mind we began by screening the S&P 500 for dividend stocks: those ...

Let's see a full accounting of Sandy relief 'pork'
Regarding the recently approved emergency aid to Northeast states affected by superstorm Sandy ("$50.5 billion Sandy relief bill passes in U.S. Senate," Jan. 29), now is the time for a competent journalist to provide transparency to this bill ...

Top of the List: Accounting Firms
This week's Charlotte Business Journal lists the area's largest accounting firms, ranked by number of local professional staffers. Deloitte heads the list, moving up two spots from last year, with 490 professionals in its local office. The firm ranks ...

Forensic Accounting ETF (FLAG) Hits the Market
This technique looks to use publically available financial reports to hone in on aggressive accounting practices. These bookkeeping tricks can often be an attempt by management to cover up weakness and thus are issues that investors want to know about ...

Forensic Accounting ETF (FLAG) Hits the Market - ETF News And Commentary
While a broad market approach is a popular investment style for many, some like to take a more concentrated look at large cap stocks. One way of narrowing down the field is by looking at earnings quality. This technique looks to use publically ...

NIGA Chairman Endorses Egghart LLC's First Scholarship for Native American ...
NIGA Chairman Endorses Egghart LLC's First Scholarship for Native American ...

Utica College Professional Accounting master's to start in fall
Starting in fall, Utica College will offer an on-campus Master of Business Administration in Professional Accounting, designed for students who are majoring in accounting or business with a concentration in accounting. The graduate program will comply ...

New Website Design for ConnectBooks for Sage 50 Accounting Software
When IntelleApps, LLC launched its first ConnectBooks product for Sage Peachtree in March of 2012 (since rebranded by Sage to Sage 50-US Edition), it used http://www.ConnectBooks.com as its website. IntelleApps is launching its second ConnectBooks ...

Largest accounting firms in C. Fla.
With the addition of two newcomers, this year's list of Central Florida's largest accounting firms experienced an increase in the number of local certified public accountants, rising to 544 compared to the previous year's 527 CPAs. However, the number ...

Small Accounting Practices and Their Clients Face Economic Uncertainty
The poll, by the International Federation of Accountants' Small and Medium Practice Committee, revealed that accountants at such practices are concerned about attracting and retaining clients, pressure to lower fees, and rising costs. The survey ...

New 'Forensic Accounting' ETF
Exchange Traded Concepts, an exchange traded fund service facilitator, has launched a "forensic accounting" fund that selects stocks based on earnings quality. On Thursday, the Forensic Accounting ETF (FLAG) began trading. John Del Vecchio, CFA, ...

Accounting students offer free tax assistance in Morganton
MORGANTON, N.C. — Western Piedmont Community College's accounting students are again providing assistance to qualifying area residents with income tax preparation. Participants are part of the Volunteer Income Tax Assistance (VITA) program in ...

New Canaan accounting firm wins 2012 All-Star award
Reynolds & Rowella, a regional audit and accounting firm with offices in New Canaan and Ridgefield, announces that the firm has been selected as a 2012 All-Star firm, an award given by INSIDE Public Accounting, a publication of the Platt Group. For ...

Chatham County audits cite accounting weaknesses, missing cash
Internal auditors poked their noses into the accounting practices of three Chatham County departments last year, in addition to a review that led to a GBI investigation of the coroner's office. Unlike the coroner's audit, however, the department audits ...

Accounting Clerk Growing North
Word and 10 Key by touch are required. Sage 100 ERP/MAS 200 accounting program experience a plus. Drug test and background Check required. Benefits include 401K. life, dental and health insurance. Fax resume' to 501-945-6970 or email to: ...

B&N Accounting opens in old Bell Telephone building
Deby Fitzpatrick shows off an antique Eastlake writing desk in her spacious office during a tour of B&N Accountings' new space, inside the former Bell Telephone building on 6th and Market streets Fitzpatrick moved the accounting firm into the building ...

Seasonal staff accounting position with local CPA firm
Seasonal staff accounting position with local CPA firm (15-20 hours week). Accounting graduate with interest in tax preferred. Please fax resume to (859) 219-3339. UK Gymnastics 2013: LSU. Snow on Campus. United Students Against Sweatshops Protest ...

Accounting group hits back at politicians
Politicians are unfairly demonising accountants over tax avoidance, according to the head of the UK's leading accounting institute. Michael Izza, chief executive of the Institute of Chartered Accountants in England and Wales, hit back after tax experts ...

Accounting Body Contributes Rwf17 Million to Agaciro
The staff of ICPR on Thursday gave a cheque of Rwf17, 55, 3282 to the Minister of Finance John Rwangombwa. Rwangombwa thanked the body for its contribution and added that the act of contributing to the fund was a signal that Rwandans can achieve a ...

WSU accounting students to offer tax prep for low-income residents
Smith said all accounting students will be using professional software designed to alert the user to any potential problems. He said completed returns will be checked by a second student preparer (one in graduate school or with previous VITA experience ...

Proposed Accounting Standards Update For Repurchase Agreement Accounting
On January 15, 2013, the Financial Accounting Standards Board (FASB) issued a Proposed Accounting Standards Update (the "proposed ASU") that eliminates the distinction between repurchase agreements that settle before the maturity of the transferred ...

Hiring: Accounting, Dental, Cooks, and More
Accounting clerk opportunity. Part-time office help needed. Custom auto painter wanted. Shipping clerk position available. Full-time shipping coordinator needed. Customer service and sales positions. Production coordinator wanted. Help needed for front ...

Clearwater Analytics Clients Ready for Accounting Implications of Any Possible ...
Clearwater Analytics Clients Ready for Accounting Implications of Any Possible ...

Accounting rules could force pension funds to review hedging strategies
GLOBAL – Changes in hedge accounting rules within the new IFRS 39 financial instrument standards could force pension funds to alter their hedging strategies, a consultancy has warned. Following a recent series of meetings held by the International ...

Accounting Firm Specializing in Media and Entertainment Joins Marks Paneth ...
Accounting Firm Specializing in Media and Entertainment Joins Marks Paneth ...

Opt-out expansion just an accounting gimmick?
The Catholic Association is adding its voice to those who remain unimpressed with the Obama administration's so-called compromise on employers providing free contraceptives in their employee health insurance plans. The Obama administration claims to ...

ADP® Helps Accounting Professionals During Tax Season
4, 2013 /PRNewswire/ -- ADP highlighted today its top tax-time tools available on the ADP Accountant Portal, a 24/7/365 online resource that features practice tools, guides and various new resources tailored to accounting professionals. Now that tax ...

ADP Helps Accounting Professionals During Tax Season
4, 2013 /PRNewswire/ – ADP highlighted today its top tax-time tools available on the ADP Accountant Portal, a 24/7/365 online resource that features practice tools, guides and various new resources tailored to accounting professionals. Now that tax ...

Zoomlion Denies Allegations of False Sales, Accounting
Zoomlion Heavy Industry Science & Technology Co. (1157), China's second-biggest construction-equipment maker, denied allegations in a press article published yesterday that it had reported fictitious sales and falsified accounts. All allegations in the ...

FAF to Conduct Post-Implementation Review of FASB Standard on Accounting ...
FAF to Conduct Post-Implementation Review of FASB Standard on Accounting ...

Ohio Students to Explore Accounting Careers
But it wasn't until he attended the Accounting Career Awareness Program (ACAP-Ohio) that he really understood the depth and breadth of opportunities that come with a degree in accounting or finance. Now in its eighteenth year, ACAP-Ohio is presented by ...

Portland-area accounting firms are hiring
The good news in the Portland economy is that companies are beginning to hire more and more. Among those companies staffing up are accounting firms. In collecting information for the Business Journal's Accounting Firms list, we asked companies if they ...

Dixon sues accounting firm for failing to detect Crundwell fraud
... bookmarking and networking sites, etc. AP. February 4, 2013 ( DIXON, Ill.) -- A north-central Illinois city whose former comptroller embezzled almost $54 million is suing its longtime accounting firm for failing to detect the fraud while auditing ...

Sage CEO Talks Technology Challenges and Change
Accounting and related technology makers like Sage North America, and other business technology product vendors in general, are in an undeniable state of flux given how people and companies are looking for ways to work more efficiently in an ...

Exclusive: Japan exchange probes accounting of Universal's Philippine ...
Exclusive: Japan exchange probes accounting of Universal's Philippine ...

Seminars Plans To Explain Estate Accounting
Loudoun Clerk of the Circuit Court Gary M. Clemens today announced that the commissioner of accounts for the court will hold a series of public seminars regarding responsibilities for estate administrators and executors throughout 2013. The first ...

WVU gift to fund new accounting professorship
MORGANTOWN, W.Va. -- West Virginia University has received a $100,000 donation to create an accounting position in the College of Business and Economics. WVU said Monday the gift will fund the David W. and Nancy F. Hamstead Dean's Professorship ...

Review Slated of Accounting for Income Taxes Standard
The FAF, which oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has been conducting post-implementation reviews of several accounting standards to determine how well they have been performing for ...

Costly, major upgrade set for county's accounting, budgeting system
Sonoma County's Board of Supervisors on Tuesday is set to authorize spending up to $22.4 million over the next four years to replace the county's aging accounting and budgeting system. The upgrade to new computer software and hardware is one of the ...

Kellogg takes pension accounting hit in fourth quarter
Kellogg Co. reported a loss during the fourth quarter of 2012 after changing its accounting method for pensions. The company said it lost $32 million for the quarter. The Battle Creek-based cereal giant reported its full-year operating profit was $1.6 ...

Dayton's Top 7 Accounting Firms
Thorn, Lewis and Duncan Inc. is the No. 7 Dayton-area accounting firm. DBJ Staff. The Dayton Business Journal is providing a peek at the list in this Friday's print edition as we reveal the Top 7 accounting firms. Click here to view the top 7 ...

PNC Accounting Students Offer Free Tax Service for 2013
PNC Students from Purdue University North Central tax and accounting classes are again offering free assistance to the public in preparing federal and state income tax returns. This program is designed to provide basic income tax return preparation to ...

New ETF 'Flags' Companies with Aggressive Accounting
A new ETF from Exchange Traded Concepts called the Forensic Accounting ETF (NYSEARCA:FLAG) aims to build a portfolio of stocks that sidesteps the offenders. FLAG uses the following five-step process: • Define: Universe consists of the 500 largest ...

MySmall Biz: Pleasantville woman adds personal touch to accounting
My specialty is small businesses that need personal attention. The owners put so much of themselves into the business, but they tend to get lost at a large firm. I help them with all aspects of their business, not just tax compliance, but planning ...

Accounting Manager
The major responsibilities of the Accounting Manager include managing the Company's accounting system, general ledger data entry, month end close procedures / reconciliations and draft financial reporting and analysis. This person will also be ...

Accounting on the cloud: WOW
Accounting on the cloud has often been characterised as something that will never happen or at least no time soon. If you look at the SME market though, nothing could be further from the truth. It is transforming the crusty world of professional ...

Swatch to Stick With Swiss Accounting Decision Amid SMI Doubt
Swatch said in October it would switch back this year to Swiss GAAP ARR accounting from international financial reporting standards. The company said the Swiss standard would be “more practical and less theoretical.” Hayek said in a September interview ...

Accounting "trick" may help clinch EU budget deal
The difference, which some officials refer to as "creative accounting", should be sufficient to get a deal since many countries that are net contributors, including Britain, Germany and the Netherlands, base their calculations on payments, while net ...