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Accounting News 03/2013



Research and Markets: Nordic Finance & Accounting Costs 2013
The report is written based on mainly the needs and requirements of the finance & accounting management of large Nordic companies. The target group of the report is primarily: CFOs, Controllers, Outsourcing managers, Financial strategists, Consultants ...

SEC gets breather on global accounting body
LONDON (Reuters) - The United States has won a three-year stay on its membership of an accounting oversight panel, keeping alive hopes for a single set of global book-keeping rules that will help investors assess companies. Leaders from world's top 20 ...

China plans unionization push into Big Four accounting firms
BEIJING (Reuters) - China's state-backed trade union is planning to expand into yet another bastion of capitalism, targeting the Big Four accounting firms and their 40,000 employees in mainland China, according to state media reports and the companies ...

SEC gets breather on global accounting body
LONDON (Reuters) - The United States has won a three-year stay on its membership of an accounting oversight panel, keeping alive hopes for a single set of global bookkeeping rules that will help investors assess companies. Leaders from world's top 20 ...

Accounting News Roundup: Big 4 Unions in China (Sort of); Dow's Tax Shelter ...
Accounting News Roundup: Big 4 Unions in China (Sort of); Dow's Tax Shelter ...

UPDATE: Bull Shoals council reviews accounting, purchasing procedures
Mayor Bruce Powell, who was not at the meeting, had requested Pippin review the city's accounting methods to help attain figures for creating a 2013 budget. At its Jan. 31 meeting, the council approved extending the 2012 budget into 2013, because final ...

Central Services, Enhanced Accounting Features Now Available Through Epicor ...
Central Services, Enhanced Accounting Features Now Available Through Epicor ...

Styx Sues Record Company Over Alleged Accounting Improprieties
Styx Sues Record Company Over Alleged Accounting Improprieties. 3/1/2013 3:15 PM ET. Styx has claimed that the band's label, A&M Records, has engaged in deceptive accounting practices in order to deprive them of royalties. The band, according to TMZ, ...

School system, accounting firm join Clean Air Campaign
Rockdale County Public Schools and Walker & Associates, an accounting firm for small businesses, partnered with The Clean Air Campaign and local transportation management associations in job centers around the region to improve mobility and air quality ...

Sitcom producers sue Disney for questionable accounting
Hollywood accounting practices are usually a punchline to a joke, but producers of sitcom "Home Improvement" aren't finding them funny. The creatives behind the 90's ABC sitcom are suing Walt Disney Co. for millions in revenue for failing to properly ...

Warren Buffett points to Wells Fargo in discussing accounting's shortcomings
"Charges against other intangibles such as the amortization of customer relationships, however, arise through purchase-accounting rules and are clearly not real expenses," Buffett said. "GAAP accounting draws no distinction between the two types of ...

February Accounting and Auditing Highlights
On February 28, the Financial Accounting Standards Board issued Update No. 2013-04- Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date ...

Tybee tax transfers, accounting errors cited
An outside accountant hired to help Tybee Island officials prepare the annual audit report has found a number of accounting deficiencies stemming back to at least 2009. At the same time, accountant Steven Garber reported the city's financial condition ...

Accounting, purchasing procedures plague Bull Shoals council
Mayor Bruce Powell, who was not at the meeting, had requested Pippin review the city's accounting methods to help attain figures for creating a 2013 budget. At its Jan. 31 meeting, the council approved extending the 2012 budget into 2013, because final ...

Stitch Inventory Integrates With Xero Accounting: Two Small Business Lessons
Stitch Labs recently announced the integration of its inventory management software with Xero, a cloud accounting application. The Stitch – Xero integration means that after a one-time setup, information and transactions can sync up between the two ...

Scholarship Applications Available for Illinois Students
This winter, the Illinois CPA Society (ICPAS) is offering Illinois college students majoring in accounting the opportunity to alleviate the skyrocketing cost of college while pursuing their dream of becoming a CPA by earning a scholarship. ICPAS is now ...

Tax laws, opportunities add up to rising demand for accountants
Accounting involves summarizing financial transactions into reports that can be used by those within a business and interested outside parties, according to Francis. “If you can do basic adding, subtracting, multiplying and dividing, you have all the ...

UK pensions push for flexible accounting
The campaign by UK pension schemes to demand flexible accounting standards is intensifying as many struggle to match assets and liabilities in the face of rising pension deficits, higher inflation and lower gilt yields. Rules forcing pension funds to ...

EPISD cheating scandal: Accounting costs skyrocketed
Less than a month into its contract, a public accounting firm investigating a widespread cheating scheme at the El Paso Independent School District was accruing costly increases on the more than half-a-million-dollar project. Fees incurred by Weaver ...

MTSU 22nd Accounting Alumni Appreciation Day
The 22nd annual Accounting Alumni Appreciation Day at Middle Tennessee State University will be held from 7:30 a.m. to 4:50 p.m. Thursday, May 2, in the State Farm Lecture Hall of the Business and Aerospace Building. The event is targeted to those ...

Aspen receives recognition for its accounting
“The Certificate of Achievement is the highest form of recognition in the area of government accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management,” said Stephen Gauthier, of ...

Greenville, Columbia accounting firms announce plans to merge
“Our desire has always been to provide exceptional assurance, tax and accounting services to clients,” said Greg J. Thompson, CPA and audit partner in JGT. “As we explored this opportunity, we realized that our clients and our firms would greatly ...

Warren Buffett points to Wells Fargo in discussing accounting's shortcomings
Warren Buffett on Friday took advantage of his annual letter to shareholders of his Berkshire Hathaway Inc. to offer an accounting lecture, reports Mark Calvey of the San Francisco Business Times, a sister publication. In criticizing the expense ...

Tesla Delays Annual Report To Fix Accounting Error
The accounting hiccup, while apparently minor, comes at an inopportune moment. Tesla shares have been in a skid since Feb. 20 when the company reported a deeper fourth quarter loss and said it was intensifying efforts to cut costs and boost operating ...

Family Ties fails to provide money or accounting
A San Luis Obispo based fiduciary has failed to return a formerly homeless man's money or to provide an accounting for expenditures as requested. Cliff Anderson agreed to make Family Ties his representative payee in 2009. After becoming homeless in the ...

Sage Continues to Support the Accounting Profession by Cosponsoring Spring ...
Sage Continues to Support the Accounting Profession by Cosponsoring Spring ...

Hartford at a Loss After Q3 Accounting Error
Hartford Financial Services Group says it made an accounting error when reporting its third-quarter earnings—a mistake that now puts the insurer in the red for 2012. Hartford says it made an amended filing with the U.S. Securities Exchange Commission ...

Margus Hunt, Romo's Extension, and Credit Card Accounting
It's obvious to hope for help on the Oline, so I'm not going to ask that. Instead, what do you think are the chances of drafting Margus Hunt? He was impressive at the combine and I've seen him play in person a few times. I know he might be considered a ...

Landing an Accounting Job without Work Experience
One of the first and biggest professional challenges in an accounting career is getting a job as a fresh graduate without any related experience. This is true for people coming from a university as well as those who have just finished their Master's ...

Don't Let Tesla's Accounting Error Distract You From the Real Story
Don't Let Tesla's Accounting Error Distract You From the Real Story. By Blake Bos | More Articles March 4, 2013 | Comments (0). In the following video, Motley Fool industrials analyst Blake Bos tells investors why Tesla Motors (NASDAQ: TSLA ) was ...

American accounting and finance professionals see widely different threats to ...
American accounting and finance professionals see widely different threats to ...

Emirates airline is hiring administration, finance and accounting staff
Emirates airline is recruiting administration, finance and accounting professionals to meet staff needs for its fast expanding operations. Dubai-based carrier will hire full-time permanent employees who are computer literate, familiar with MS Office ...

Tesla delays annual report on accounting mistake
Tesla Motors has delayed until March 11 its annual report, due to an accounting mistake related to "a probable error in the presentation of certain non-cash items relating to capital expenditure." Lisa Ward: Web contributor- Silicon Valley Business ...

Bad accounting forces Bentleys and Fire Stones closures
Bad accounting forces Bentleys and Fire Stones closures. By Christian Avard Staff Writer | March 05,2013. Tweet. Email Article; Print Article. Owners of two well-known restaurants in the Upper Valley announced Monday the eateries are now closed ...

Accounting Firm EisnerAmper Amps Things Up at 750 Third Avenue
Accounting firm EisnerAmper has signed a lease renewal and expansion at 750 Third Avenue, The Commercial Observer has learned. The eight-year lease solidified the firm's existing 138,000 square feet across floors 13 through 17 and 21, while adding ...

Southside senior has a future she's 'accounting' on
“I plan to attend [Auburn University-Montgomery] on a scholarship, and while there I plan to major in accounting and play basketball,” Cunningham said. “I know they have a great program because my auntie recently graduated with a business degree in ...

Standards & Compliance Briefing: Climate Accounting, R2:2013 Standard, Water ...
Standards & Compliance Briefing: Climate Accounting, R2:2013 Standard, Water ...

Pepperdine University Launches MS in Accounting Degree; Responds to New ...
Pepperdine University Launches MS in Accounting Degree; Responds to New ...

How Serious Are Magnum Hunter's Accounting Issues?
Accounting debacles seem to occur commonly with oil & gas stocks, especially for those with operations in many different countries and tax codes, as it is often very difficult for management to maneuver through this regulatory gauntlet of taxation ...

Herbert W. "Bill" Acker, accounting executive
After earning a bachelor's degree in 1963 in accounting from Lebanon Valley College, he began his accounting career at Price Waterhouse in New York City. Drafted later that year into the Army, Mr. Acker served for two years with the Signal Corps in ...

Ocwen (OCN) Appoints Catherine Dondzila as Acting Accounting Chief
On March 5, 2013, Kenneth D. Najour, the Vice President, Finance and Chief Accounting Officer of Ocwen Financial Corporation (NYSE: OCN), resigned as an officer of Ocwen effective immediately. Effective March 5, 2013, Mr. Najour was appointed as Chief ...

Accounting bodies hail G20 emphasis on public sector reporting
Writing for PF International last week, Ian Ball, former chief executive of the International Federation of Accountants, highlighted the role the G20 could play in encouraging governments to provide 'clear, complete and transparent' information on ...

Public deserves full accounting in Bathon case
The U.S. Attorney's Office didn't want to do a complete accounting of the losses that property taxpayers suffered in former Madison County Treasurer Fred Bathon's delinquent tax sales conspiracy. They said it would be too difficult and not practical ...

Ave Maria University adds education and accounting majors
Providing degrees in education and accounting is in keeping with the university's mission to provide an exceptional education in the tradition of Catholic thought, according to the announcement. Degrees in education and accounting are in high-growth ...

Pepperdine University Launches M.S. in Accounting Degree; Responds to New ...
Pepperdine University Launches M.S. in Accounting Degree; Responds to New ...

Accounting fix bill draws Bullock's 1st veto
House Bill 18 was billed as an internal accounting fix dealing with the way the state uses a small share of coal tax money for a special research fund. That account aims to commercialize research done in the Montana university system. But Bullock says ...

Longtime Redmond CPA Opens Her Own Accounting Practice in Kirkland
Villemure has a Master of Science degree in accounting and recently leased office space in a business park just off 85th Street and a few blocks northeast of Parkplace Center, at 733 7th Avenue, Suite 114. Her new practice is called “Cathy Villamure ...

Office Manager (Accounting & Time/billing bckgrd)
Manage the principal office of the Shared Services Center. Supports department operations by supervising staff and by developing and maintaining systems, provide training and oversight to staff of twenty, report regularly to Director, conduct virtual ...

State audit faults Bearden Middle cheerleading accounting practices
KNOXVILLE — A state audit is recommending Knox County Schools officials address auditing deficiencies found during a review of cheerleading funds at Bearden Middle School. The school system already has had an audit conducted, which found that while ...

FinancialForce CEO Addresses Challenges and Change in Accounting Tech
We recently spoke Jeremy Roche, chief executive of the cloud-based financial and accounting product maker and questioned him about how he feels the current environment is affecting his company and accounting technology overall, as well as where – if at ...