Home > Accounting News

Accounting News 07/2014 (Page 4)



Report: Finance and accounting employee confidence drops
Atlanta-based Randstad US said despite lower confidence levels among many of the index measurements, the finance and accounting sector remains one of the most promising and in-demand professions in the labor market. The Bureau of Labor Statistics ...

How Royal Bank of Scotland improved its carbon accounting system
RBS operates a carbon accounting software system that gathers information from a range of company locations and third party data providers. The data collection and reporting needs of the bank and its sustainability team have changed since the system ...

Angola Delays Stock Market to 2017 to Fix Company Accounting
Angola, sub-Saharan Africa's third-largest economy, won't start equities trading until at least 2017 because companies need to improve their accounting, the country's markets regulator said. Inadequate corporate-governance practices, a lack of a ...

Hassler becomes sole owner of accounting firm TKCPA
A nearly 30-year-old Walla Walla accounting firm will soon transition from a partnership to sole ownership. Hal Thompson, owner and founding partner of TKCPA, 5 W. Alder St., will retire July 31 and sell his shares in the accounting firm to business ...

USD hosts 2014 Summer Accounting Institute
This year's institute, which was July 13-17, included field trips to a nationally-recognized public accounting firm and various regional businesses, as well as seminars and lectures featuring some of the area's top accountants. Participants also ...

Art of Accounting: Becoming an Expert in IRS Collections
In my previous column, I described how I received a Mercedes as a fee to help a pair of businessmen resolve their tax withholding problems with the Internal Revenue Service, and I soon became an expert in IRS collection matters. After that job was ...

KIYC: Affordable Care Act insurance plan canceled due to accounting issues
FREEHOLD - A 63-year-old woman from Monmouth County wound up ensnared in a web of accounting problems that led to her health insurance being canceled. She tried to call the insurance company, the NJ Department of Banking and Insurance, even her ...

Shoddy accounting results in transit staff cuts, service reduction
A total of 24 employees will be laid off, Saturday bus service is being cancelled and five routes will be eliminated or changed due to financial problems uncovered at Island Transit. Martha Rose, director of Island Transit, fired Financial Manager ...

Accounting For Paycom's Accounting Heading Into Earnings (PAYC)
That being said, and this is VERY important to understand, the entire cost of revenues associated with the actual sale is priced into the income statement and will not require accounting for in future statements. Also, during each month PAYC retains ...

RICHARDSON: An accounting: Part III
Some people have asked, “Where's Richardson going with this?” speaking about my columns over the past two weeks dealing with the Promise Center and the Bibb County Board of Education. There is an old saying: “Success has many fathers. Failure is an ...

LETTER: Sandy victims should get a full accounting
After superstorm Sandy devastated the Jersey Shore, Gov. Christie began funneling millions in federal Sandy recovery money to politically connected, out-of-state contractors like AshBritt and Hammerman & Ganier, Inc. Questions arose over Christie's ...

The SEC's Accounting Quality Model and Your XBRL Filing
The Securities and Exchange Commission's Accounting Quality Model, a.k.a. Robocop, is a potential game changer for the SEC and for filers of XBRL. The SEC now has the ability to electronically examine each and every file submitted through the EDGAR ...

Grand Central: Time to Take Measure of Fuzzy US Growth Accounting
Then last summer the Commerce Department revised those and decades-worth of other numbers in comprehensive revisions to its accounting. It turned out the economy actually grew at an annual rate of 3.7% during that period. The revisions all together ...

IFRS adds new complications to accounting mix
IFRS adds new complications to accounting mix. Brian Caplen | 28/07/2014 12:39 pm. Brian Caplen. The IFRS's latest attempt to simplify international accounting rules scores some small victories, but it also introduces a number of significant new ...

Former Public Company Accounting Oversight Board (PCAOB) Inspector Joins ...
Former Public Company Accounting Oversight Board (PCAOB) Inspector Joins ...

New accounting standard governing banks' loss reporting to come into force in ...
New accounting standard governing banks' loss reporting to come into force in ...

Company news: Alanna Abreu elected president of CNY Chapter of Accounting ...
Company news: Alanna Abreu elected president of CNY Chapter of Accounting ...

Will Millcreek hire accounting firm to adopt safeguards before water sale?
Millcreek Township Supervisor Brian McGrath twice has tried to get his fellow supervisors to hire an accounting firm to adopt safeguards before the expected sale of the Millcreek Water Authority's assets. And the last time he raised the issue at a ...

Midyear accounting shows more breweries, 18% production hike
Midyear growth The Brewers Association's midyear 2014 report shows continued growth in American craft brewing, with production rising 18 percent over the first six months of 2014. The number of breweries also continued to rise. Read the news release ...

Forensic Accounting Case Study Spotlights CFO Fraud
Gettry Marcus CPA, P.C., a consulting, tax and forensic accounting firm, shares a Chief Financial Officer (CFO) fraud case study conducted by the firm. A client requested an initial audit to satisfy bank requirements of a wholesale/distributor of ...

Report: Finance and accounting employee confidence drops
Atlanta-based Randstad U.S. said despite lower confidence levels among many of the index measurements, the finance and accounting sector remains one of the most promising and in-demand professions in the labor market. The U.S. Bureau of Labor ...

New Bachelor of Business Administration Degrees in Accounting, International ...
New Bachelor of Business Administration Degrees in Accounting, International ...

Will Millcreek hire accounting firm before water sale?
McGrath also wants an accounting firm to examine Erie Water Works' 2013 financial statements and independent auditor's report, "paying particular attention to (its) operating activities and the significant philosophical differences between Erie's water ...

Comptroller candidate pans GOP accounting
The Texas comptroller should be ruffling the feathers of the governor and Legislature, a Democrat seeking the state's top accountant position said Monday in Longview. Mike Collier of Humble criticized Comptroller of Public Accounts Susan Combs, who is ...

Can Software Really Replace Accountants?
It's not a reality—yet—but accounting software is poised to eliminate accountants. We are at a tipping point for many similar professions: online education replacing professors, legal software replacing lawyers. As threatening as this sounds to ...

Chuck Gallagher: Stole from his accounting clients
Gallagher ensnared clients of his North Carolina accounting firm in a Ponzi scheme from 1987 to 1990. In the 1980s, some clients of Chuck Gallagher's certified public accounting firm in Morganton, N.C., got at least one service they undoubtedly didn't ...

NHL Franchise Carolina Hurricanes Select Massey Consulting to Implement ...
NHL Franchise Carolina Hurricanes Select Massey Consulting to Implement ...

Looking to Leverage Subledger Accounting for More Flexible Financial ...
Looking to Leverage Subledger Accounting for More Flexible Financial ...

Qihoo 360 Technology Co Ltd (QIHU) Definitely a 'Buy' despite Accounting ...
Qihoo 360 Technology Co Ltd (QIHU) Definitely a 'Buy' despite Accounting ...

DirecTV's Chief Accounting Officer Resigns
DirecTV said in a statement that executive vice president and chief financial officer Patrick Doyle will also serve as chief accounting officer upon Murphy's resignation. Doyle, 58, has served as EVP since 2008 and as CFO since 2007. Doyle has been ...

Jeff Co. courthouse accused of accounting for missing money improperly
(KMOV.com) – $1,000 goes missing from a Jefferson County courthouse cash drawer, but in lieu of an investigation, documents were altered to minimize discrepancies. A document obtained from a Keith Christopher, Jr., a defendant convicted of drug charges ...

Accounting Expert: Feds' Case Against John Wiley Price Looks Solid
DALLAS (CBS 11 NEWS) – As a forensic accountant, Larry Kanter follows the money. He watches where it comes from and where it goes. “The work I do most people would find very tedious and very boring,” he said smiling. From an accounting standpoint, ...

Penn West Accounting Probe May Delay Earnings Release
Initial findings show that past accounting entries appear to have reduced operating costs and increased capital spending and royalty expenses, without adequate supporting documents, the company said. Penn West said the employees it believes are ...

What universities won't tell you about getting an accounting job
Universities and the major accounting bodies maintain there is a shortage of accountants in Australia. But a growing body of data shows the demand for accounting graduates has slowed as the industry undergoes a shake-up due to outsourcing, off-shoring ...

City requests full accounting for grants
However, Councilwoman Sue Seidl said the city has had to return grant funds it received because it didn't use the money by the deadline. Seidl requested the council get a full accounting of grants received and spent by the city. The city has used grant ...

Accounting Firms Make New Foray into Legal Services
Almost exactly a decade ago, the top accounting firms were forced to abandon their legal services ambitions after the Sarbanes-Oxley Act prohibited them from offering legal services to audit clients. The Big Four continued to practice law in countries ...

Penn West Plans Accounting Review
The review comes after newly appointed financial chief David Dyck found accounting entries that "appear to have been made" to reduce the company's operating costs and increase its reported capital expenditures and royalty expense without sufficient ...

Penn West Plummets as Accounting Probe May Delay Results
Penn West Petroleum Ltd. (PWT), the Canadian energy producer seeking C$2 billion ($1.8 billion) in asset sales, dropped the most in eight months after it announced a review of its accounting going back more than four years. Penn West plunged 15 percent ...

Business casual: Accounting firms teaching staff the personal approach to ...
Business casual: Accounting firms teaching staff the personal approach to ...

Olivet's new accelerated MBA program designed specifically for accounting majors
Olivet Nazarene University now offers accounting majors the best track for career preparation with the new 4+1 Accelerated Bachelor/Master program. This is designed specifically to equip undergraduate accounting majors for the Certified Public ...

SEC Considering Former Deloitte Official for Top Accounting Job
WASHINGTON—Securities and Exchange Commission Chairman Mary Jo White is considering hiring a retired accounting partner at Deloitte & Touche LLP as the SEC's next top accountant, according to people familiar with the matter. Ms. White is ...

Officials take aim at fuzzy accounting
"Should we find anything unusual in the tax filings of 27 out of an accounting firm's 30 customers, we will backtrack to which company has been in charge of arranging such troubled tax filings and all customers of that firm will be inspected," Mr ...

Hearing Continued for Former Office Manager Accused of Stealing from ...
Hearing Continued for Former Office Manager Accused of Stealing from ...

60th anniversary of Marilyn Sheppard's death requires a better accounting of ...
60th anniversary of Marilyn Sheppard's death requires a better accounting of ...

Infosys positioned as a Leader in the Magic Quadrant for Finance and ...
Infosys positioned as a Leader in the Magic Quadrant for Finance and ...

Document Management Tips for Accounting Offices
When you're running an accounting office, it's easy to become inundated with paper, forms, and email attachments, especially when tax season rolls around. To prevent your office from becoming completely overwhelmed, you have to organize not only the ...

L-3 Reveals Accounting Problems, Takes Charge
The U.S. aerospace and defense group said the problems related "primarily" to a Defense Department contract running from 2010 to January 2015. New York-based L-3 said its employees had overstated sales and inappropriately deferred cost overruns in ...

L-3 reveals accounting problems, books charge
L-3 Communications Holdings Inc. on Thursday disclosed accounting irregularities linked to an aerospace logistics support contract, signaling it would take an initial $84 million pretax charge as it cut its full-year profit guidance. The aerospace and ...

Accounting Firm Whittlesey & Hadley Expands Beyond Hartford For First Time
Hartford accounting firm Whittlesey & Hadley, founded in 1961 as a solo practice on Lewis Street, will expand geographically for the first time by acquiring a competitor in western Massachusetts. Whittlesey & Hadley on Thursday is announcing the ...

Accounting firm founder Rippe dies
“This whole firm is a legacy to him,” Rippe & Kingston Capital Advisors CEO Don Feldmann told me, speaking of the accounting and the capital advisory firms. “People here are deeply affected. Some people worked for him for 30 years.” Rippe was heavily ...