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Accounting News 04/2014



Dearth of Accounting Educators Worries ANAN
The President of the Association of National Accountants of Nigeria (ANAN), Alhaji Sakirudeen Labode has expressed concern over the shortage of accounting educators in Nigeria. A statement at the weekend quoted Labode to have made the remark ...

Science Center Promotes Rob Marcantuono to Vice President, Accounting
The University City Science Center has promoted Rob Marcantuono to Vice President, Accounting. In this role, Rob is responsible for the overall financial and fiscal management of the Science Center, providing financial oversight of the corporate real ...

Sign-Up for Accounting Alumni Appreciation Day: May 1st
The 23rd 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 1st, in the State Farm Lecture Hall of the Business and Aerospace Building. The event is targeted to those ...

Creative Vegetable Accounting
Our country has a rich tradition of creative accounting when it comes to tallying up our vegetable intake. Under the Reagan administration, the U.S. Department of Agriculture allowed schools to count certain condiments -- like pickle relish -- as a ...

Eighty-five Business Schools Extend Their AACSB Accreditation in Business or ...
Eighty-five Business Schools Extend Their AACSB Accreditation in Business or ...

The Newest Trick in Paul Ryan's Draconian Budget
A new accounting gimmick—this time in the form of miraculous economic growth. The Wall Street Journal explains: [T]he budget includes a new line item that didn't exist in his past proposals, which Mr. Ryan has labeled "macroeconomic fiscal impact" and ...

Portland accounting changes stopped city's red light cameras from bleeding ...
Portland accounting changes stopped city's red light cameras from bleeding ...

Nonprofit Accounting Resellers Honored
The most productive resellers and partners of nonprofit and government accounting software vendor AccuFund, Inc. were recently recognized with the company's Partner Leadership Awards for sales and marketing success in 2013. Presented at a special ...

Grand County Building Dept. scandal prompts forensic accounting audit
HOT SULPHUR SPRINGS — As part of its commitment to better internal “checks and balances” in light of the building department scandal still under investigation, Grand County Commissioners have authorized a forensic accounting audit. According to county ...

Thomas Garrett: There should be an accounting from NWAEDD
So, it's understandable that the Area Agency on Aging wanted an accounting of what was happening with the funds NWAEDD was overseeing and asked for an audit, or else it would drop their contract. Instead of an audit, NWAEDD terminated the contract ...

Grim Accounting Continues In Oso
The grim accounting continues in Oso as search crews recover more remains from the deadly mudslide there. As searchers painstakingly comb through mud and debris, the number in the missing column is ticking downward, and the list of those confirmed ...

Hyperdynamics -3.6% as it loses accounting firm
Deloitte & Touche quits as Hyperdynamics' (HDY -3.6%) public accounting firm in the latest apparent fallout from investigations by the Department of Justice and SEC into the acquisition and retention of exploration rights in Guinea which a partner said ...

Nonprofit Accounting Software Resellers Honored
The most productive resellers and partners of nonprofit and government accounting software vendor AccuFund, Inc. were recently recognized with the company's Partner Leadership Awards for sales and marketing success in 2013. Presented at a special ...

Hyperdynamics (HDY) Loses Accounting Firm Amid Investigations As Stock ...
Hyperdynamics (HDY) Loses Accounting Firm Amid Investigations As Stock ...

SAGE INTRODUCES INVOICING
Toronto -- Online accounting software developer Wave has released a bank reconciliation feature to its entire user base. The feature lets business owners simply confirm that all the necessary transactions in a given bank account are represented in ...

Mazuma Accounting Celebrates Three Years of Providing Bookkeeping and ...
Mazuma Accounting Celebrates Three Years of Providing Bookkeeping and ...

Mazuma Accounting Celebrates Three Years of Providing Bookkeeping and ...
Mazuma Accounting Celebrates Three Years of Providing Bookkeeping and ...

iMD Companies Announces the Retention of the PCAOB Independent ...
iMD Companies Announces the Retention of the PCAOB Independent ...

Accounting Firm Marks Paneth Appoints Partner-in-Charge of Theater, Media ...
Accounting Firm Marks Paneth Appoints Partner-in-Charge of Theater, Media ...

Hybrid delivery of accounting course enhances student mastery
UNIVERSITY PARK, Pa. -- The Penn State Smeal College of Business course "Financial and Managerial Accounting for Decision Making" (Accounting 211) has a reputation for rigor. Ken Pasch, instructor in accounting and management, has leveraged ...

How The Arthur Anderson And Enron Fraud Changed Accounting Forever
When the scandal broke, the world was shocked that not only could a Fortune 500 company pull off such massive fraud, but one of the world's largest accounting firms looked the other way during the audacious crimes. Sarbanes Oxley and Management ...

Associa Names Jose Bosco Maldonado Senior Vice President of Finance and ...
Associa Names Jose Bosco Maldonado Senior Vice President of Finance and ...

European Parliament Moves Ahead on Audit Firm Reforms
The agreement drew mixed reactions from auditing and accounting organization leaders. “The measures adopted by the European Parliament today encompass sweeping changes to the audit market,” Cindy Fornelli, executive director of the Center for Audit ...

Boston Bar and Mass Bar oppose proposed federal accounting rule change
Both the Boston Bar Association and the Massachusetts Bar Association have taken positions against proposed legislation that would change the way law firms with more than $10 million in gross receipts do their accounting, and both plan to be in ...

EU to Tighten Accounting Rules
BRUSSELS—Banks and listed companies would have to rotate their auditors as frequently as once every decade under a plan approved by European lawmakers Thursday, as the European Union tightens its accounting rules. The legislation aims to improve ...

Accounting for Past Sins
Under the accounting rules, the change means it was probable that Credit Suisse had incurred those expenses as of Dec. 31. And for some reason, it seems the bank's management was unaware of them back in February. But at least the company discovered ...

British Columbian Accounting Firm to Speak About Cross Border Issues for US ...
British Columbian Accounting Firm to Speak About Cross Border Issues for US ...

Mazuma Accounting Celebrates Three Years of Providing Bookkeeping and ...
Mazuma Accounting Celebrates Three Years of Providing Bookkeeping and ...

Accounting Correction Hits the Brakes on CarMax Earnings
“While the accounting correction related to ESP and GAP reserves had an impact on the fourth quarter, we posted solid earnings growth in fiscal 2014, and we believe our continued geographic expansion and market share growth will drive our success in ...

CarMax 4Q profit falls 7 percent on accounting change
RICHMOND, Va. • CarMax Inc. said Friday that its fourth-quarter net income fell 7 percent, as the effects of an accounting correction offset higher vehicle demand. Its revenue rose but missed Wall Street expectations. Investors were disappointed and ...

CarMax 4Q profit falls 7 pct on accounting change
RICHMOND, Va. — CarMax Inc. said Friday that its fourth-quarter net income fell 7 percent, as the effects of an accounting correction offset higher vehicle demand. Its revenue rose but missed Wall Street expectations. Investors were disappointed and ...

CarMax Falls on Service Accounting Correction
CarMax Inc. (KMX), the biggest U.S. auto dealer by market valuation, fell the most in more than three months after correcting its accounting for extended-service and guaranteed-asset-protection products. The shares fell 2.7 percent to $46.29 at 11:10 a ...

CarMax Falls Most in 3 Months on Service Accounting Correction
CarMax Inc. (KMX:US), the biggest U.S. auto dealer by market valuation, fell the most in more than three months after correcting its accounting for extended-service and guaranteed-asset-protection products. The shares (KMX:US) fell 2.7 percent to $46 ...

CarMax Reports Stalling Earnings Due to Accounting Correction
NEW YORK (TheStreet) -- Used car retailer CarMax reported a nearly 9% increase in fiscal fourth-quarter revenue on Friday but results still fell short of expectations due to an accounting correction that weighed down earnings. VIDEO TRANSCRIPT: Used ...

Art of Accounting: 'Wrong' Type of Continuing Education
Sometimes I ask if they took any MAP (managing your accounting practice) courses or what books they have read, and I usually get the same responses from many of them: “I don't have time for that type of CPE—there is no state credit,” “I don't need to ...

CarMax accounting charge stifles gain in sales
Richmond-based CarMax Inc. lost power on a 7 percent drop in fourth-quarter net income, as the effects of an accounting correction offset higher vehicle demand. The used-car company said it earned $99.2 million, or 44 cents, compared with $107.2 ...

Albert Cyprys Committed to Professional Accounting
Albert Cyprys understands that professional accounting is a demanding occupation that requires a unique skill set and dedication to work in order to succeed. There are many certified public accountants in New York City, and the competition for work is ...

Where to Find the Web's Forensic Accountants
The first is New Constructs (newconstructs.com), a new Website founded by David Trainer, an investment strategist who's on the investors technical advisory committee of accounting watchdog FASB. The site provides an all-around long/short investing ...

Audit notes progress in accounting by arts society in Jefferson Parish
METAIRIE, Louisiana — The Jefferson Performing Arts Society has resolved many of its accounting deficiencies but needs tighter control over cash receipts, according to an audit by the Louisiana legislative auditor's office. Nola.comThe Times-Picayune ...

Audit notes progress in arts society accounting
Saturday, April 5, 2014 10:10 AM EDT. METAIRIE, La. (AP) - The Jefferson Performing Arts Society has resolved many of its accounting deficiencies but needs tighter control over cash receipts, according to an audit by the Louisiana legislative auditor's ...

Global accounting firm ranks New Orleans the most economical mid-sized city ...
Global accounting firm ranks New Orleans the most economical mid-sized city ...

Accounting Services Procurement Category Market Research Report Now ...
Accounting Services Procurement Category Market Research Report Now ...

Kathmandu founder Jan Cameron: No accounting for Deloitte taste
Kathmandu founder Jan Cameron is finding it hard to stay out of the spotlight these days. The company that she used to buy back failed discount retailer Retail Adventures is late in filing its financial accounts and the liquidators and creditors of the ...

No accounting for Deloitte taste
Kathmandu founder Jan Cameron is finding it hard to stay out of the spotlight these days. The company that she used to buy back failed discount retailer Retail Adventures is late in filing its financial accounts and the liquidators and creditors of the ...

Xero takes it up to competitors in accounting software market
Online accounting software company Xero is now claiming market leadership on the basis of revenues and growth in subscriptions for its products in the New Zealand, Australia and UK markets, with its latest financial report showing total operating ...

Governance 'must apply accounting values in SA'
THE same focus and willingness to change that has consistently ranked South Africa's accounting and auditing standards as the highest in the world needs to be applied to governance in both the public and private sector, PwC Africa territory senior ...

Comprehensive CFO Financial Accounting Policies and Procedures Available ...
Comprehensive CFO Financial Accounting Policies and Procedures Available ...

Reeves family gift provides student, faculty support to Department of Accounting
The Reeves Family Early Career Professorship will support the work of a promising young accounting faculty member with funding for research and teaching at a critical point in his or her career. The Reeves Family Student Success Fund will provide ...

Bitcoin Shop Appoints Marcum LLP as Its New Independent Public Accounting ...
Bitcoin Shop Appoints Marcum LLP as Its New Independent Public Accounting ...

UK savings ratio set to double under new EU accounting rules
But under European Union accounting changes being introduced in September, that ratio is set to roughly double, according to officials from Britain's Office for National Statistics. The new methodology will add five percentage points to the ratio ...