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Accounting News 06/2014 (Page 3)



Accounting grad from Olympia new UW student regent
SEATTLE — Washington Gov. Jay Inslee has appointed Marnie Brown of Olympia as the next student member of the University of Washington Board of Regents. Brown is a recent UW accounting graduate who is returning in the coming school year to work on ...

Cloud payroll like iPhone to desktop accounting Nokia
Adam Wallace, digital marketing strategist with Brisbane, Australia marketing company Content First, took progressive steps when it came to moving to the cloud. Starting in 2012, Wallace moved his accounting system from the desktop version of MYOB to ...

Accounting for Stringer
On Monday, Scott Stringer issued a press release headlined “Comptroller Stringer urges raising the minimum wage in New York City to $13.13 per hour” (up from $8 per hour today). Directly below was a sub-headline saying, “Over 1 million New York City ...

General Book On Angolan Accounting to Be Released Tuesday
According to a press note from the Ministry of Finance that reached Angop, the authors of the book are Angolans and Portuguese and guaranteed that the work is an important tool for the managers and auditors in accounting and for students. In April this ...

Chicago Bridge & Iron: Acquisition Accounting Shenanigans Dramatically Inflate ...
Chicago Bridge & Iron: Acquisition Accounting Shenanigans Dramatically Inflate ...

Five Steps to Securely Share Financial, Tax and Accounting Files
From financial spreadsheets and payroll information to tax forms and client communications, many CPAs are accessing critical client data via their mobile devices. As a result, the risk of data leakage is becoming a heightened priority for the modern ...

Ravalli Co. releases accounting report on troubled treasurer's office
An accounting firm, hired to do a forensic examination of Ravalli County government finances, reports "no evidence of fraud or embezzlement". The investigation came after the county's embattled Treasurer, Valerie Stamey, accused county officials of ...

Accounting grad from Olympia new UW student regent
Brown is a recent UW accounting graduate who is returning in the coming school year to work on a master's degree in tax accounting. The university says Brown is interning this summer with Ernst & Young. She has worked as a campus tour guide and served ...

TIAG Adds Another Top 100 U.S. Accounting Firm
The International Accounting Group® (TIAG®) has admitted Cohen & Company , a Top 75 U.S. accounting firm headquartered in Cleveland, Ohio , as its newest independent member firm. This addition continues a significant growth trend TIAG is experiencing ...

AICPA Names New Technical Director for Center for Plain English Accounting
NEW YORK — The American Institute of CPAs has named a new technical director for the AICPA Center for Plain English Accounting (CPEA), a resource hub for local and regional CPA firms seeking detailed, clearly explained guidance on complex ...

Firm planning NY solar factory has accounting issues
SolarCity, the solar installation firm that is negotiating with the Cuomo administration to build a massive solar panel factory in Buffalo, has been plagued with accounting issues for most of the year. In regulatory filings, the company, whose chairman ...

10 Best Practices for Content Marketing at Accounting Firms
How can accounting firms best-tailor their website content and services for an ever-changing marketplace? That's the question that BKR International asked a panel of some of the best accounting marketers in the country. The panel was held in ...

Accounting change means banks will need to put aside more capital
More than half of the banks surveyed by Deloitte on the new IFRS 9 expected loss accounting rules, which are to be issued shortly by the London-based International Accounting Standards Board, believed that the rules would increase loan loss provision ...

Decosimo Accounting Managing Principal Nick Decosimo Reelected To Moore ...
Decosimo Accounting Managing Principal Nick Decosimo Reelected To Moore ...

Accounting Firm Plans Groundbreaking for Commerce Park Drive Office
An accounting firm planning to consolidate its Watertown offices into one location at Commerce Park Drive East will hold a groundbreaking ceremony next month. On Monday, the Watertown City Council approved site plans submitted last month by Syracuse ...

Leverage Job Prospects With a Master's in Accounting
Out of 565 employers from around the world, 45 percent plan to hire master of accounting graduates this year, according to a survey from the Graduate Management Admission Council. In last year's survey, only 36 percent of employers planned to hire ...

Chicago firm in takeover talks with top Philly accounting firm
ParenteBeard, a Philadelphia-based accounting firm that employs nearly 1,000 CPAs and staff at offices across Pennsylvania, in the New York area, Balitmore, and Dallas, has been in merger talks with Baker Tilly Virchow Krause LLP, a Chicago firm that ...

State Accounting Organization Names 2014 Rising Stars
The Texas Society of Certified Public Accountants (TSCPA) recently recognized 20 CPA members as the organization's Rising Stars. This recognition highlights CPAs under 40 years old who have shown innovative leadership qualities within his or her ...

Boss of Orange County Company's Accounting Department Caught Embezzling
Beginning last October, an Orange County accounting department boss in a collapsing marriage and in personal debt embezzled $225,500 from a family-owned packaging company. Controller Kevin Hess created a bank account that appeared similar in ...

Make Export–Import Bank Accounting 'Fair' to Taxpayers
Ex–Im uses “accrual” accounting, which does not factor in the risk of defaults related to bank financing, as is done in fair value accounting. Ex-Im only calculates its future revenue stream from loan repayments based on interest rates tied to Treasury ...

Shawn M. Williams, CPA appointed Chairman of Florida Gulf Coast University ...
Shawn M. Williams, CPA appointed Chairman of Florida Gulf Coast University ...

Accounting firm moving to Clarence from Amherst
The public accounting firm and 90 employees are preparing to move into a newly-built headquarters office at 8321 Main St. in Clarence, between Transit and Harris Hill roads. The $4.6 million complex was constructed this past year by Maguire Development ...

Liquidity Services: Despite Recent Issues, Conservative Accounting And A ...
Liquidity Services: Despite Recent Issues, Conservative Accounting And A ...

Regents size up accounting
Consultants from Deloitte and Touche said they're going through UNT's recent accounts to make sure they're reconciled correctly, with paperwork to prove it. In the past, the final steps of this process were ignored, or the accounts weren't double ...

Need full accounting in Illinois of spending to promote health care law
Even though there has not been a full accounting of how, where and by whom these funds were spent, HHS is already doling out tens of millions more dollars to states to promote enrollment in 2015. Taxpayers deserve to know if the state bureaucrats are ...

Auditor Says CNPC Accounting Error Understated 2012 Profit
China National Petroleum Corp., the country's biggest oil and gas producer, underreported 2012 profit by 603 million yuan ($97 million) because of accounting errors, China's state auditor said today. A review of CNPC's 2012 financial results found ...

Cincinnati's biggest, oldest local accounting firms merging
It trails only three of the Big Four international accounting firms – Deloitte, Ernst & Young and PricewaterhouseCoopers – among the biggest accounting firms operating locally. And it will push its annual revenues above $60 million, Clark Schaefer ...

Finance Minister defends gov't accounting system
Addressing concerns over government's computerized accounting system due to the non-implementation of two modules, Finance Minister Dr Ashni Singh said last Thursday that the non-activation of these do not diminish the system's ability to safeguard the ...

Banks expect to set aside more capital following IFRS 9 accounting changes
The IFRS 9 Financial Instruments rules are expected to be issued this summer by the London-based International Accounting Standards Board (IASB) and are expected to come into effect in 2018. The new standard is designed to address concerns which ...

Class of 2014 Profile: Eric Sommermann Accepts Accounting Position in Charlotte
How HPU helped you get there: “HPU helped reinforce my aspiration to pursue a career in accounting. With the extraordinary buildings and 1924 PRIME, I was able to prepare myself to go into different accounting firms and promote myself during interviews ...

FASB updates accounting for stock compensation
FASB has updated accounting standards on stock compensation to resolve diverse accounting treatments of awards linked to performance targets, such as an initial public offering or a specific profitability metric, that could be longer-term than the ...

FASB Updates Accounting Standards for Stock Compensation
The Financial Accounting Standards Board has issued a new accounting standards update for stock compensation. ASU No. 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be ...

Pittsburgh selected as site of 2015 accounting leadership conference
Buehler, a past world chairman of the association of independent accounting firms, said he made a presentation about Pittsburgh prepared by the Allegheny Conference on Community Development at a session during the current conference, held June 18-20 ...

Gas companies use shady accounting for royalties
When Pennsylvania farmer Glenn Aikens leased his land for natural gas, he never thought he would receive a royalty check for $1.10, or one as low as 10 cents, from the gas company. Pro-fracking interests who seek to open our state to the violent, toxic ...

Diverse funding and strong accounting give Isis unparalleled wealth
Part corporation, part mob; part state and part charity: for the Islamic State of Iraq and the Levant (Isis), the wages of terror are paid easily. The success of the jihadi group, whose lightning-fast takeover of northern Iraq in recent days has ...

Central Bank paid €53m in legal, accounting fees during crisis
The Central Bank of Ireland paid out almost €53 million in fees between 2008 and 2013 to seven legal and accounting firms for work related to the banking crisis, new figures reveal. This included around €20.5 million last year, most of which was ...

Accounting: New accounting standards take another step forward
The International Accounting Standards Board, which develops standards for accounting outside the United States, and the Financial Accounting Standards Board, responsible for U.S. policies including Generally Accepted Accounting Principles, or GAAP, ...

Primatics Financial and Fiserv Announce Partnership to Offer M&A Loan ...
Primatics Financial and Fiserv Announce Partnership to Offer M&A Loan ...

Accounting News Roundup: Dead Tax Accountant Was Drunk; EY Coughs Up ...
Accounting News Roundup: Dead Tax Accountant Was Drunk; EY Coughs Up ...

GAO: Treasury's accounting policies for agency financial statements aren't ...
GAO: Treasury's accounting policies for agency financial statements aren't ...

June Accounting and Auditing Highlights
June 12 - Certain financing arms of banks, auto makers, real estate companies and asset managers will be afforded more flexibility in fair value-related accounting under guidance chiseled out by a standing task force of the Financial Accounting ...

Accounting Today Calls for Nominations for Top 100 People
To cast the widest possible net, Accounting Today will accept nominations by e-mail at [email protected] Respondents are asked to include a brief description of the candidate's influence on the accounting profession, and, if possible, contact ...

Ontario's accounting profession unites under CPA designation
Today, the Chartered Professional Accountants of Ontario and the Certified General Accountants of Ontario signed a unification agreement, the second last step to uniting this province's accounting profession under the CPA designation, bringing to a ...

How Wheels Came Off of Hertz' Accounting
It's an experience almost anyone can appreciate: your car seems to perform so well for so long—then, suddenly, all the little things go at once. And you're stuck on the side of the road. So seems to be the case with $10.7 billion Hertz, the auto ...

Does a Firm Insist on Historical Cost Accounting? Short!
acctg Certain short sellers seem to act on the principle that if a public corporation has a great attachment to book values, in other words to historical cost accounting, in yet other words if it has an aversion to marking its assets to market, that is ...

Accounting change will expose true condition of pension funding
This week marked the full implementation of two new Government Accounting Standards Board rules affecting the reporting of pension liabilities. These rules -- known in the bland vernacular of accountancy as Statements 67 and 68 -- require state and ...

Full accounting needed for ACA grant spending
Even though there has not been a full accounting of how, where, and by whom these funds were spent, HHS is already doling out tens of millions more dollars to states to promote enrollment in 2015. Taxpayers deserve to know whether the state bureaucrats ...

Kansas City Area Accounting Operations Firm Rebrands to Fit Vision
Kansas City area financial firm, Huntington Small Business Solutions, is changing its name to Fortiviti as part of its renewed focus on outsourced accounting operations. Kansas City, MO (PRWEB) June 24, 2014. Refining a vision is essential for any ...

Boosting Women Accountants Boosts the Bottom Line
In Catherine Mulder's experience there's no doubt that women in the accounting industry are eager to advance their careers to the highest level. "Our members come to us looking for leadership opportunity, mentorships, and resources for career ...

Finance Team's Role Expands beyond Accounting
The role of the finance team is expanding beyond traditional accounting and financial reporting function to include areas such as information technology development, cyber security and strategic business planning, according to a new survey by the ...