Home > Accounting News

Accounting News 12/2013



Using a Paint and Materials Cost Accounting System
That's why Winfrey, along with many other repairers, has moved to a P&M cost accounting system that allows him to implement diligent documentation practices and improve insurance negotiation strategies. Cost accounting systems, Winfrey says, are ...

Accounting Assistant
If you have strong MYOB skills, experience in managing accounting systems and providing reports in a timely and accurate manner, great communication and organizational skills and excellent computer skills including CRM and a desire to work in a values ...

Accounting Preneur Top London Accountant Warns Cash is Still King
Accounting Preneur has designed a free template to help you plan and manage the money coming in, and money going out in your business. So that you have a clear idea how you are going to pay your bills in the next 3 or 6 or 12 months. For free ...

Final Accounting Ahead for David Howell Case
The favorable ruling by the Internal Revenue Service has cleared the way for what may — please, Lord — be the final hearing in the eternal probate case of M. David Howell Jr. of Little Rock. This case was opened on Oct. 30, 2002, a week after Howell ...

Stacey Bogdanski joins Middletown accounting firm Vanacore
She has more than 12 years of accounting experience and is a member of the New York State Society of CPAs. She is a QuickBooks ProAdvisor certified in QuickBooks Enterprise and Premier as well as QuickBooks Online. Vanacore, DeBenedictus ...

Gettry Marcus CPA, P.C., Reveals the Role of Forensic Accounting in Present ...
Gettry Marcus CPA, P.C., Reveals the Role of Forensic Accounting in Present ...

Most Small Business Owners Lack Necessary Accounting Skills
A survey conducted by Staples, the office supplier, revealed that 94% of small business owners said they can manage their finances, yet less than half can define the basic accounting principles such as "accounts receivable" and "accounts payable ...

Land This Cheap Energy Stock Even Lower Than Chief Accounting Officer ...
Land This Cheap Energy Stock Even Lower Than Chief Accounting Officer ...

Accounting, Sales and Technology Companies Hiring in Reading
Accountemps hopes to hire an Accounting Clerk for its Reading location. Staffing Now is hiring Document Processors for its Woburn location. In Woburn, Aerotek is hiring a Structural Design Engineer. UPS is looking to hire a Driver's Helper for work in ...

Kirk opposes legislative pension deal, says it relies on 'accounting gimmicks'
SPRINGFIELD – U.S. Sen. Mark Kirk, R-Ill., said Monday he opposes the pension deal crafted by the four legislative leaders because it relies on 'accounting gimmicks' and does nothing to help remove the state's temporary income tax hike from the books ...

Buy-Side Technology Awards 2013: Best Portfolio Accounting Platform—SimCorp
SimCorp marks its first win in the portfolio accounting platform category this year, an area that has traditionally been dominated by industry stalwarts, Advent and Multifonds. This year in particular marks a validation for Dimension, SimCorp's ...

Private Company Accounting Changes Spark Debate Over Simplification
The move to create exceptions to accounting rules for private companies is sparking a debate over simplification, with purists on one side fretting over a duel set of rules, and others pushing for more simplification for public companies too. The ...

Mergis Index Finds Accounting Workers Remain Optimistic
Despite having one of the highest worker confidence levels among all industry sectors, overall confidence of accounting and finance professionals declined slightly by 0.8 points in the third quarter of 2013, according to the Finance and Accounting ...

Phoenix CPA Randy J. Elder Now Offers Small Business Accounting Reviews
Phoenix, AZ (PRWEB) December 02, 2013. To help small business owners better understand their tax and accounting practices, Phoenix CPA Randy J. Elder is now offering free Small Business Accounting Reviews. In these reviews, Elder will address issues ...

Accounting for No. 87: How Rob Gronkowski Challenged the Houston Texans ...
Accounting for No. 87: How Rob Gronkowski Challenged the Houston Texans ...

ANR: Expect Heated Words Over PCAOB Proposal; MIT vs. CPA; An Accounting ...
ANR: Expect Heated Words Over PCAOB Proposal; MIT vs. CPA; An Accounting ...

Cree names new accounting firm
The Durham-based company reported Monday in a Securities and Exchange Commission filing that it has replaced Ernst & Young by naming PricewaterhouseCoopers as its new accounting firm. The switch, which took effect Nov. 25, was a decision by the ...

Morgan Stanley Queried by SEC Over Accounting Mistakes
The Securities and Exchange Commission asked Morgan Stanley about “multiple significant deficiencies” in its financial reporting after the firm corrected accounting errors involving loan cash flows, income taxes and derivatives contracts. Morgan ...

Financing Comes to Those With Impeccable Accounting
AMSALE ABERRA: The most valuable advice I can offer to entrepreneurs seeking financing is to prepare in advance a strong foundation to support any efforts to obtain capital. First and foremost, research CPA firms that specialize in your industry, and ...

Accounting body says loan rule for banks ready in January
LONDON, Dec 3 (Reuters) - An accounting rule forcing banks to set aside capital far earlier for troubled loans will be completed next month and start in 2017, a global standard setter said on Tuesday. Leaders of 20 major economies (G20) called for the ...

Biz2Credit and Small Business Trends to Host Year-End Small Business ...
Biz2Credit and Small Business Trends to Host Year-End Small Business ...

Reading relay by national accounting firm helps Cleveland elementry students ...
Reading relay by national accounting firm helps Cleveland elementry students ...

Morgan Stanley's Non-Scandalous Accounting Gaffes
Sometimes a company's accounting problems speak more to the arbitrariness of the rules than to the credibility and soundness of its financial reports. A recent exchange of letters between Morgan Stanley and the Securities and Exchange Commission's ...

Accounting change to foist KPERS debt on locals
A change in national accounting standards will take much of an estimated $10 billion in projected pension debts from the state of Kansas and disperse them among the balance sheets of local governments next year. Alan Conroy, executive director of the ...

Morgan Stanley In Hot Water Over Accounting Mistakes
According to a Bloomberg report today, the Securities and Exchange Commission has queried Morgan Stanley (NYSE:MS) about “multiple significant deficiencies” in its financial report after MS filed forms to correct multiple accounting errors involving ...

FASB Admits Problems with Income Tax Accounting Standard
The admission came in response to a recent post-implementation review of the standard by FASB's parent organization, the Financial Accounting Foundation (see Accounting for Income Taxes Standard Didn't Make the Accounting Any Easier). The review ...

OHS Presents a New Approach to Career Readiness in Accounting
calculator1 300 OWENSBORO, Ky. (12/3/13) - Students in Julie Mann's Advanced Accounting Honors Class spend much more time talking about overhead costs, risk returns, profit margin, investments, things that affect the Break Even Point before and after ...

Twitter Uses Its Own Accounting, and Analysts Go Along
Twitter, like many Internet companies, emphasizes its own blend of customized performance measures, which strips out costs like depreciation and stock payments to turn losses under standard accounting measures into profits. The practice has some ...

Winsted selectmen approve new accounting guidelines
During Monday's meeting, just the third since the new board was seated, the selectmen voted to adopt an accounting manual that was crafted by Town Manager Dale Martin. According to Finance Director Robin Manuele, the manual is a compilation of best ...

Latinos learn the emphasis of accounting
Tuesday night's emphasis was on small business accounting, and the importance of keeping good books. The program offers a way for people in the community to help their neighbors find work. "Considering 97% of jobs are created by small businesses with ...

Accounting firm sponsors seminar
Public accounting firm Hill, Barth & King LLC hosted its first Non-Profit Specialty Services Educational Seminar in November to address challenges facing nonprofit organizations. The seminar at the Holiday Inn in Boardman included sessions on grant ...

Hemispherx Biopharma Appoints New Chief Financial and Chief Accounting ...
Hemispherx Biopharma Appoints New Chief Financial and Chief Accounting ...

Accounting Change To Move KPERS Debt To Local Government
TOPEKA, Kan. (AP) About $10 billion in projected pension debts will be moving from the state of Kansas to the balance sheets of local governments thanks to a change in national accounting standards. Alan Conroy, executive director of the Kansas Public ...

Complexity Still an Issue for Income Tax Accounting Standard
The Financial Accounting Standards Board (FASB) said on December 3 it will continue to analyze the Financial Accounting Foundation (FAF) post-implementation review (PIR) of FASB Statement No. 109, Accounting for Income Taxes. The FAF had concluded ...

denies extension for accounting firm
Draper, Snodgrass, Mikkelsen & Co. accounting firm of Creston has handled auditing services for the city of Creston for more than 10 years. But, that streak of service ended Tuesday. Why? The local firm missed the city's Nov. 22 deadline for all ...

City denies extension for accounting firm
Draper, Snodgrass, Mikkelsen & Co. accounting firm of Creston has handled auditing services for the city of Creston for more than 10 years. But, that streak of service ended Tuesday. Why? The local firm missed the city's Nov. 22 deadline for all ...

Fifth Third settles SEC charges over financial crisis accounting
The SEC said Fifth Third decided in the third quarter of 2008 to sell some troubled commercial real estate loans, but the Cincinnati-based bank continued to classify them as "held for investment" rather than "held for sale" as U.S. accounting rules ...

Fifth Third settles SEC charges over financial crisis accounting
"Improper accounting by Fifth Third and Poston misled investors during a time of significant upheaval and financial distress for the company," George Canellos, co-director of the SEC's enforcement division, said in a statement. "It is important for ...

Fifth Third charged with improper accounting: SEC
NEW YORK (MarketWatch) -- Fifth Third Bancorp (NASDAQ:FITB) and its former chief financial officer have been charged with improper accounting of commercial real estate loans in the midst of the financial crisis by the Securities and Exchange Commission ...

Fifth Third to Pay $6.5 Million Over SEC Accounting Allegations
“Improper accounting by Fifth Third and Poston misled investors during a time of significant upheaval and financial distress for the company,” George Canellos, co-director of the SEC's enforcement division, said in a statement. “It is important for ...

Fifth Third Bank Settles SEC Accounting Charges for $6.5M
The Securities and Exchange Commission charged Fifth Third Bank's holding company, Fifth Third Bancorp, and its former chief financial officer, on Wednesday with improper accounting of commercial real estate loans during the financial crisis. The ...

UPDATE 1-Fifth Third settles SEC charges over financial crisis accounting
"Improper accounting by Fifth Third and Poston misled investors during a time of significant upheaval and financial distress for the company," George Canellos, co-director of the SEC's enforcement division, said in a statement. "It is important for ...

Fifth Third to pay $6.5M stemming from improper accounting
“Improper accounting by Fifth Third and Poston misled investors during a time of significant upheaval and financial distress for the company,” George Canellos, co-director of the SEC's enforcement division, said in a statement. “It is important for ...

County Auditor steps in to help Water Resources Agency make accounting more ...
County Auditor steps in to help Water Resources Agency make accounting more ...

Creative accounting
Steve Bull, a veteran trail worker on the Bitterroot National Forest, has done it all during his 23 years on the job. He's built bridges, blasted rocks and packed mules in the narrow canyons of the Bitterroot Range. He says it's hard work and it is ...

Accelya Kale launches REVERA® NEXT, the enhanced version of its Revenue ...
Accelya Kale launches REVERA® NEXT, the enhanced version of its Revenue ...

Fifth Third Bancorp Charged With Improper Accounting During Financial Crisis
Net) – The SEC has charged the holding company of Cincinnati-based Fifth Third Bank and its former chief financial officer with improper accounting of commercial real estate loans in the midst of the financial crisis. Fifth Third agreed to pay $6.5 ...

Accounting for fraud
Accounting fraud remains one of the most critical and prevalent issues facing the financial industry. By and large, most auditors are not prepared to search for and identify the signs of financial fraud. This lack of preparation is even more pronounced ...

OHS Presents a New Approach to Career Readiness in Accounting
calculator1 300 OWENSBORO, Ky. (12/3/13) - Students in Julie Mann's Advanced Accounting Honors Class spend much more time talking about overhead costs, risk returns, profit margin, investments, things that affect the Break Even Point before and after ...

ONC Panel Suggests Scaling Back 'Accounting for Disclosures' Rule
The HITECH Act says that patients' rights under the HIPAA Privacy Rule to an accounting of disclosures include those for "treatment, payment and operations" when they are made through electronic health records. In 2011, HHS' Office for Civil Rights ...