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Accounting News 05/2014 (Page 3)



Glencore faces investor revolt over accounting
Glencore Xstrata will face accusations that it lacks transparency and fails to match UK accounting policies at its annual meeting, in a blow to Tony Hayward just weeks after his appointment as full-time chairman. Shareholder groups have urged investors ...

Why Move From Education To Comics Journalism? A Personal Accounting
I wrote a long personal blog post last night to try to address some of the discussion I was having on social media about moving fully from being an English Professor to EIC at Bleeding Cool now that my teaching work is finally finished as of a few days ...

Art of Accounting: Understanding the Dynamics of a Situation
A client wanted to buy a business in Birmingham, Ala., and I went there with the company's CFO to review the books, do some due diligence, kick the tires and negotiate a deal. The business was on the cusp of super success, but they ran out of money and ...

UAB accounting students contribute to record year for SaveFirst
During the first six weeks of tax season, 52 students from UAB's Department of Accounting and Finance worked at free tax preparation sites in Birmingham to prepare 2,000 tax returns for working families — helping them to secure $3.3 million in tax ...

Talk on accounting set May 28 in Ontario for IAAP
Mascaro will discuss “The Joy of Accounting: “How Administrative Professionals Can Spend More Money and Account For It, Too!” The charge is $27 for guests, which includes dinner, and reservations must be made by May 27 to Cindy Camargo, ...

Proposed mainland rules may leave many junior accountants in Hong Kong ...
Proposed mainland rules may leave many junior accountants in Hong Kong ...

Clark Schaefer Hackett acquires Columbus accounting firm
Dayton's largest accounting firm has acquired a Columbus-based competitor. Clark Schaefer Hackett is joining forces with Schoonover Boyer + Associates, adding 10 employees to its Columbus office at Easton Town Center. Cincinnati-based Clark Schaefer ...

AAM Releases Accounting Firm Marketing Budget Study
The Association for Accounting Marketing and Hinge Research Institute have released a study that examines overall marketing spending at accounting firms, including compensation for marketing staff, the top five spending categories, and detailed budget ...

The Accounting behind Receivables – What you need to know
We all probably remember taking high school accounting and the thrills of being lectured on income statements, debits and credits, and accounting standards and the like. Typically, if it's not your gig, you have long forgotten this information. But ...

25 Jokes That Only Accountants Will Find Funny
Today is National Accounting Day, and it's the perfect time to celebrate the brave souls who balance our books, sort out our files, and lead the way through tax season. To thank the pros who crunch the numbers so we don't have to, we polled accountants ...

US finance/accounting worker confidence near seven-year high
U.S. finance and accounting workers' confidence reached a near seven-year high in the first quarter of 2014, according to the Randstad Professionals' finance and accounting employee confidence index for the first quarter of 2014. The index rose three ...

Jamie Miller's Journey From Chief Accounting Officer To CIO Of GE
IT used to be a part of Finance in many companies, as some of the earliest technologies developed at big companies was technology applied to the general ledger, accounting systems more generally, and the like. Likewise, when technology was taught at ...

Breaking Down the Accounting behind Receivables
We all probably remember taking high school accounting and the thrills of being lectured on income statements, debits and credits, and accounting standards and the like. Typically, if it's not your gig, you have long forgotten this information. But ...

Partnering with your accounting firm
To be sure they are being properly served, every business owner should periodically re-evaluate the company's financial and accounting needs, the timeliness of the financial information they are receiving and what they are spending on accounting and ...

Internet companies tamper with accounting
The return of aggressive adjustments to “adjusted earnings” or “adjusted EBITDA” is the redux of an ugly period of financial accounting in the early 2000s, which caused investors to lose faith in the quality of companies' books. Companies often abused ...

​One of Memphis' largest accounting firms has a new CEO
Dixon Hughes is the second-largest CPA firm in Memphis, based on the total number of CPAs, and one of the largest CPA firms in the U.S., offering accounting and advisory services in specific industries for clients in all 50 states. Rob Robertson covers ...

Accounting Society
In an evening of elegance and networking, the Accounting Society at UC Riverside wrapped up its 2013-14 academic year with a sense of purpose and humor, pulling over 90 people into HUB 302 for its spring banquet last Tuesday, May 13. Former president ...

CHS accounting team heads to state for 11th consecutive year
For the 11th consecutive year, Cleburne High School will be among the contestants in accounting team competition at the UIL State Academic Contest. As state qualifiers, Cleburne enters today's accounting contest as district and regional winners — and ...

Paychex Accounting Online
Paychex Accounting Online consists of a double-entry accounting site that can be integrated with Paychex payroll solutions. It lacks some of its competitors' bookkeeping features, and users must import payroll data into the accounting app itself at ...

Capgemini to Deliver Finance and Accounting Services to NBCUniversal ...
Capgemini to Deliver Finance and Accounting Services to NBCUniversal ...

Wipro, NetSuite launch new tool for finance and accounting processes
The solution empowers customers to selectively manage and control their finance and accounting processes on a standardised platform, enables rapid implementation of business processes, improves compliance standards, and provides operational ...

Capgemini selected to provided finance and accounting services to ...
Capgemini selected to provided finance and accounting services to ...

Quality financial accounting software saves businesses time and money in both ...
Quality financial accounting software saves businesses time and money in both ...

Hot Job of the Day: Sr. Accounting Coordinator
TALLAHASSEE, Fla. (WTXL) - Your CareerSource Capital Region Hot Job of the Day for Wednesday, May 21, 2014 is a Senior Accounting Coordinator. It is a Full time job and pays between $40,000 - $50,000. The position requires a Bachelor's degree and ...

Wipro Launches Finance and Accounting Business-Process-as-a-Service in ...
Wipro Launches Finance and Accounting Business-Process-as-a-Service in ...

AICPA Developing Advanced Placement High School Course in Accounting
William Ezell, co-chairman of the AICPA's Pathways Commission, told attendees at the AICPA Spring Meeting of Council in Scottsdale, Ariz., about the work the Institute's commission on accounting higher education was doing on the AP course. “We've been ...

Trade Street Residential (TSRE) Hires Randall Eberline as Chief Accounting ...
Trade Street Residential (TSRE) Hires Randall Eberline as Chief Accounting ...

Logitech says audit committee investigating accounting matters
(Reuters) - Logitech International SA said its audit committee is conducting an investigation into some of its accounting matters related to its earlier-stated results and the company may revise its fiscal year 2014 results. The Switzerland-based ...

IHSA blames accounting change for leap in employee costs
A day after a contentious hearing before Illinois lawmakers, the Illinois High School Association on Wednesday blamed an accounting change for a big one-year rise in personnel costs. The IHSA spent nearly $3.1 million on “salaries, other compensation ...

Cloud accounting firm Xero tops Forbes most innovative list
New Zealand-based cloud accounting software developer Xero has topped Forbes list of the world's most innovative growth companies. Xero scored what Forbes calls an "Innovation Premium" of 91.7, ahead of cloud ERP developer Netsuite on 89 and ...

CORRECTED-Logitech says audit committee investigating accounting matters
May 21 (Reuters) - Logitech International SA said its audit committee is conducting an investigation into some of its accounting matters related to its earlier-stated results. The Switzerland-based computer accessories maker said it will delay filing ...

LI Advantage to Participate in Accounting Business Events
Advantage represents at the New York State Society for Certified Public Accountants' (NYSSCPA) Installation Dinner, NYSSCPA's Foundation for Accounting Education (FAE) NextGen Conference, the National Conference of CPA Practitioners (NCCPAP) ...

Westminster graduates elect accounting professor for faculty award
Elise Bartley, Westminster College assistant professor of accounting, accepts the Patricia Klein Liebling Parents Association Faculty Award from Westminster President Barney Forsythe during commencement on May 10. Students from the Westminster ...

House duo takes aim at Pentagon's ammunition accounting
WASHINGTON — The Pentagon would be required to modernize its accounting system for ammunition under an amendment to the National Defense Authorization Act that passed the House on Thursday. The amendment, co-sponsored by Democrats Jackie ...

Mikulski Uses Accounting Tricks to Close $4B Gap
The Democratic chairwoman of the powerful Senate Appropriations Committee moved aggressively Thursday to use accounting tricks to fill in an unexpected $4 billion gap in the budget. The maneuver by Barbara Mikulski, D-Md., allowed for additional ...

Mikulski uses accounting tricks to close $4B gap
WASHINGTON (AP) - The Democratic chairwoman of the powerful Senate Appropriations Committee moved aggressively Thursday to use accounting tricks to fill in an unexpected $4 billion gap in the budget. The maneuver by Barbara Mikulski, D-Md., ...

NCSD, Bognuda receive accounting excellence awards
Finance Director Lisa Bognuda, left, displays the award she received for helping Nipomo Community Services District earn the certificate of excellence in accounting General Manager Michael LeBrun, right, presented to board President Craig Armstrong, ...

House duo aims at Pentagon's ammunition accounting
The Pentagon would be required to modernize its accounting system for ammunition under an amendment to the National Defense Authorization Act that passed the House on Thursday. The amendment, co-sponsored by Democrats Jackie Speier of ...

FTZ launches accounting unit for cross-border fund flow
SHANGHAI, May 23 -- China's central bank has issued regulatory details to monitor cross-border capital flow at the Shanghai free trade zone (FTZ) by asking banks in the city to establish an accounting system that separate transactions in the zone from ...

Top Litigation Support Accounting Firms
A Miami firm ranked first on the South Florida Business Journal' s list of top litigation support accounting firms. The firm earned the top spot based on its 30 South Florida litigation support CPAs. To see who topped the list, click through the ...

Bankruptcy witness: Detroit, accounting firm not sharing information
The court-appointed expert hired to assess the city of Detroit's bankruptcy plan says the city and an accounting firm hired to help it are refusing to share information she needs to determine if the city's plan of adjustment is viable and that could ...

Accounting error costs Arcadia big money
An accounting mishap has the City of Arcadia scrambling to make up for a quarter million-dollar loss. During a budget report, Arcadia's finance director revealed the city was missing nearly $253,000. The money comes from a state fuel tax. The city's ...

Accounting for another addition of defensive speed from the 2014 draft
For the sake of proper accounting, this isn't saying Thomas is a part of that draft class, but the fact is the Steelers used picks from the 2014 draft to select two players who ran sub-4.4 40s, weigh well over 200 pounds (Thomas is listed at 217 and ...

Shanghai FTZ launches accounting unit for cross-border fund flow
China's central bank has issued regulatory details to monitor cross-border capital flow at the Shanghai free trade zone (FTZ) by asking banks in the city to establish an accounting system that separates transactions in the zone from those elsewhere in ...

Westfield graduate earns accounting scholarship
Rebecca Kreutzer, a resident of Westfield and an incoming student at Binghamton University, was recently awarded a $7,000 accounting scholarship from the New Jersey Society of Certified Public Accountants. The scholarship is part of the NJSCPA's annual ...

Cepa no help as Beijing set to ban city's accountants
First brokers, now accountants. Its been 10 years since the Closer Economic Partnership Arrangement (Cepa) was introduced, but the mainland market seems to be as elusive as ever for Hong Kong professionals. With a Hong Kong court ruling that Ernst ...

Accounting giants press for seat at G20 table: report
The federal government allegedly accepted sponsorship of more than $US300,000 from three of the accounting sector's 'big four' for a seat at the table of a high profile tax summit in Tokyo ahead of this year's G20 talks in Brisbane, according to ...

Accounting changes raise concerns in Waterford
New standards from the Government Accounting Standards Board (GASB) for public pension accounting go into effect July 1 and will affect financial statements submitted in June 2015. GASB refers to the new standards as statements 67 and 68, also known ...

Mainland audit rules benefit its accountants, not the country
As the Post first reported last week, the ministry is consulting until the end of this week on the implementation of new rules later this year that would ban international accounting firms from working alone on the mainland for companies looking to ...

Practical Accounting Certificate Program offered at Union County College in June
Accounting is one of the largest growth occupations where jobs are expected to grow continually in the near future. Participants will learn modern business financial practices, and the foundation for understanding, processing and communicating ...