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Accounting News 08/2014 (Page 3)



Accounting Businesses Top List Of Money-Making Industries
Sageworks, a financial information company, recently found that accounting, tax preparation, bookkeeping and payroll services (NAICS 5412) generated more profit per dollar of sales, on average, than other U.S. industries, according to a financial ...

Nu Skin's Accounting: More Red Flags (NUS)
An in depth analysis of Nu Skin's accounting reveals some troubling red flags concerning its inventory. Out of the 4 investigated possible red flags, 2 came back positive, 1 maybe. Nu Skin reveals nothing about inventory, but its location and size can ...

Pre-IPO Alibaba Finds Possible Accounting Troubles
While not well-known in the U.S., Alibaba is an e-commerce powerhouse that earns more than Amazon.com and eBay combined. Industry watchers predict Alibaba's upcoming IPO could top the $16 billion raised by Facebook two years ago. Alibaba has ...

Calendar: Accounting & Financial women's Alliance meets Wednesday
LAS CRUCES >> The Accounting & Financial Women's Alliance Las Cruces Chapter #121 will meet from 11:45 a.m. to 1 p.m. Wednesday at the Citizens Bank conference room, 505 S. Main St. Guest speaker, Scott Wilber, will be presenting "Tax Benefit of ...

New Research Examines Trends and Standards in Finance and Accounting ...
New Research Examines Trends and Standards in Finance and Accounting ...

H&R Block launches small business accounting services
H&R Block launches small business accounting services. H&R Block HQ KC. Enlarge Photo. H&R Block Inc.'s headquarters is at 13th and Main streets in downtown Kansas City. James Dornbrook: Reporter- Kansas City Business Journal: Email | Twitter ...

Fabrinet Postpones Financial Reports Pending Accounting Investigation
Fabrinet management discovered "certain accounting issues" during the most recent period, the company said. The findings prompted Fabrinet's internal audit committee to launch an investigation, while the company notified the U.S. Securities and ...

Catskill president says village has corrected accounting system
“The treasurer did not maintain accurate and timely accounting records, which caused the general ledger to be out of balance by [$6.9 million] and the annual financial reports for May 31, 2009 through 2012 to be filed nine or more months late ...

PILOT Critics Push for Fuller Accounting
Whalum and Malone say they aren't opposed to all PILOTs but want a fuller accounting and that they are critical of the expansion of the incentives to retain existing businesses. The use of the tax incentives specifically to retain businesses and ...

Accounting firm nailed for whitewashing client's sanctions violations
An accounting firm that's supposed to help keep banks from breaking the rules ended up breaking the rules itself, improperly altering a document sent to regulators after it was pressured by a banking client. As a result, PwC, also known as ...

Accounting Degree Leads Baltimore Entrepreneurs To In-Home Care Franchise
Every day, Baltimoreans are faced with the heart-wrenching decision of locating the appropriate care facility for a loved one. One local professional has a phenomenal approach to home health care with the mission of making this choice much easier and ...

A true accounting of my day
I woke up at 5, like I always do. Made coffee, ate breakfast, read the news, took my son to school, ran three miles, got my hair cut and colored, answered a ton of emails, finished a syllabus for a college class, ate dinner, took my son to kung fu ...

Capital Playbook: Mayor asks for 'equity' accounting
TODAY AT CITY HALL: Allies of Andrew Cuomo will set a record by filing more than 90,000 signatures to create a new Women's Equality Party, a source involved in the campaign effort said. Kathy Hochul, a former Erie County congresswoman who is Cuomo's ...

LibraTax IRS-Compliant Bitcoin Accounting Software Nears Launch
LibraTax was developed to automate the accounting process by retrieving the user's transaction history from the block chain. Once it collects the necessary data it synchronizes the value with the digital currency's historical fair market value. All ...

RKL ranked as nation's fastest growing accounting firm
RKL's revenues grew 21.8 percent to $45.2 million, which the Lancaster-based certified public accounting and business consulting firm attributed to growth in York and Harrisburg. The surge in revenues lifted RKL to 73rd on INSIDE Public Accounting's ...

Audit Regulator Considers Revamp of Rules on Accounting Estimates
Regulators took a first step Tuesday toward revamping how auditors review the use of key accounting estimates that can have a big effect on companies' financial statements. The Public Company Accounting Oversight Board issued a staff paper Tuesday ...

Orthofix to Restate Results Due to Accounting Errors
The medical-device company found improper accounting of uncollectable patient copay and self-pay amounts. As a result, the company said it was lowering its net sales and sales and marketing expense for the affected periods. The company, which fell out ...

Decosimo Director Of Forensic Accounting Bill Acuff To Serve As A Featured ...
Decosimo Director Of Forensic Accounting Bill Acuff To Serve As A Featured ...

UPDATE 1-Hertz withdraws full-year forecast, cites accounting review, challenges
In addition, the company said on Tuesday the divestiture of its equipment rental business, announced in March, could be delayed beyond the previously announced early 2015 date due to its accounting review. Hertz said in June that it would restate or ...

Hertz withdraws full-year forecast, cites accounting review, challenges
(Reuters) - Rental car company Hertz Global Holdings Inc said on Tuesday it is withdrawing its full-year financial forecast and expects 2014 results to be "well below" its previous guidance due to business challenges and costs related to a review of ...

Accounting board issues new statements
Pension accounting and reporting will be divorced from pension funding. Under current standards, pension accounting and pension funding are closely connected. The Actuarially Required Contribution (ARC) is a part of the required information under ...

The Accounting Hall of Fame Inducts Two New Members for 2014: Abraham ...
The Accounting Hall of Fame Inducts Two New Members for 2014: Abraham ...

Davenport offers job guarantee for accounting students
GRAND RAPIDS (WZZM) - Davenport University is offering an incentive to students with an interest in accounting. The school announced Wednesday morning an Employment Guarantee for all accounting students. If you can't find a job in accounting within ...

Hertz Plunges on Auto Recalls, Accounting Problems
The wave of auto industry recalls has dinged car rental chains, and few are suffering as much as Hertz Global Holdings (HTZ). The Florida-based firm withdrew its profit guidance for the year, given the costs of the recalls and an ongoing accounting ...

Accounting obscurities mean US settlement with Bank of America might not cost ...
Accounting obscurities mean US settlement with Bank of America might not cost ...

FASB proposes simpler accounting for fees paid to cloud service providers
FASB on Tuesday issued a proposal designed to simplify the accounting for fees that public and private companies pay as customers in cloud-computing arrangements with third-party service providers. Rules exist under current GAAP addressing the ...

PCAOB Seeks Input on Auditing Accounting Estimates, Fair Value Measurements
The Public Company Accounting Oversight Board (PCAOB) is interested in what you have to say about auditing accounting estimates and fair value measurements. The US audit regulator on Tuesday issued for public comment a staff consultation paper on ...

AMP profit dips on accounting-related hit
AU) reported a 3% drop in half-year profit due largely to accounting-related losses, and in spite of growing its wealth-management operations and a recovery in its income-protection business. Net profit fell to 382 million Australian dollars (US$355 ...

Good accounting provides an effective management tool
Management's only concern had been whether the firm was making money, so they were using only monthly income statements and balance sheets in their accounting. This told them how the firm was performing overall, but not how the individual products ...

Accounting Position
Minimum Qualifications: Bachelor's degree in Accounting or related field i.e Business Administration with accounting coursework and three years accounting experience. Proficiency in Excel and Word software is required and QuickBooks Accounting Program ...

CSUSM Meets Vital Regional Workforce Need With New Programs in ...
CSUSM Meets Vital Regional Workforce Need With New Programs in ...

Accounting Firms On The Hunt For Consultancies
A growing number of management consultancies are being acquired by Big four accounting firms, according to mergers and acquisitions lawyer Stuart Cable, a partner at Goodwin Procter. It's a trend that may or may not extend beyond the Big Four to ...

Accounting firm expanding, relocating to Galleria tower
Accounting firm expanding, relocating to Galleria tower. C11 01Galleria1. Enlarge Photo. The company plans to move from another North Dallas office building 14785 Preston Road into 19,398-square-foot space with the Galleria tower. Candace Carlisle ...

The List: Top South Florida Accounting Firms by Number of CPAs
A firm with four local offices ranked first on the South Florida Business Journal's list of the top accounting firms by number of CPAs in the tri-county area. The firm earned the top spot based on its 293 CPAs in South Florida. To see who topped the ...

30 YEARS OF ACCOUNTING LESSONS: PENMAN, PIOTROSKI, BENEISH ...
30 YEARS OF ACCOUNTING LESSONS: PENMAN, PIOTROSKI, BENEISH ...

Art of Accounting: E=fs4Uh
Einstein developed a simple formula that provided the solution to the cosmos, energy and matter. Well, by working on it long enough with determined focus I just developed my own formula E=fs4Uh for the solution to client financial success. Ed ...

A Comprehensive Timeline of the Many, Many Missteps by Police in Ferguson
Ferguson, Missouri August 20, 2014 A man is doused with milk and sprayed with mist after being hit by an eye irritant from security forces trying to disperse demonstrators protesting the shooting of unarmed black teen Michael Brown, in Ferguson ...

ObamaCare's Latest 'Accommodation' to Contraception Mandate: 'Insulting ...
ObamaCare's Latest 'Accommodation' to Contraception Mandate: 'Insulting ...

Davenport U: Can't find a job in accounting? Go to school for free
Among the highlights last week: Davenport University will provide accounting students who can't find jobs in their field after graduation up to three additional semesters of free tuition to earn a second major. The Employment Guarantee program requires ...

Innovation in Accounting Education Award
The American Accounting Association (AAA) is pleased to announce that the 2014 Innovation in Accounting Education Award was given to Ellen J. Glazerman , Leslie C. Knowlton , Lisa Koonce , Samuel R. Leno , David N. Moss , Dan Roam, Julie Smith ...

Top 10 Cities for Accounting and Finance Pros
With that in mind, financial staffing company Accounting Principals has put together its 2014 list of the Top 10 Cities for Accounting and Financial Profession. The list is compiled from data from the field, and takes into consideration which positions ...

ASK SCORE: When choosing accounting software, make sure the numbers add up
LAS CRUCES >> Accounting software has become so powerful and user-friendly, even those who have done little more than balance their checkbooks can easily keep accurate track of their small business's financial performance. Though there are several ...

Pre-IPO Alibaba Has Accounting Woes
The recently acquired film unit of Chinese e-commerce giant Alibaba said Friday that a review has uncovered possible accounting irregularities. The disclosure by Alibaba Pictures Group comes as its parent company readies for what's expected to be a ...

LibraTax Looks To Solve Bitcoin Tax Accounting-Related Woes
With new IRS guidance on taxing crypto-currency trading, it can be a bit complicated for Bitcoin enthusiasts to figure out how much capital gains and income tax they owe. Losses and gains are subject to a capital gains tax, which means you have to ...

Accounting Firms Profit From Hedge-Fund Regulation
New international hedge fund regulations are proving a headache for the industry—but a boon for accounting firms. The so-called “Big Four” accountancies are ramping up their offerings to hedge funds, helping them navigate complex new rules and ...

Davenport U: Can't find a job in accounting? Go to school for free
Among the highlights last week: Davenport University will provide accounting students who can't find jobs in their field after graduation up to three additional semesters of free tuition to earn a second major. The Employment Guarantee program requires ...

What's the Deal? Why Do Accounting Firms Use Initials Instead of Names? – Part 2
We know that for many professional-services firms (e.g. law, accounting, consulting, etc.), using initials is simply a necessary compromise — a less-controversial way to abbreviate the firm's name. You get to shorten a cumbersome name without seeming ...

Footnotes: HP to Sue Deloitte; Future King of Accounting Makes Plans; Very Bad ...
Footnotes: HP to Sue Deloitte; Future King of Accounting Makes Plans; Very Bad ...

More Accounting Deficiencies Linked to Inventory
Taxes have long been a top accounting bugaboo, but keep an eye on the inventory. Large companies disclosed deficiencies in their procedures to account for inventory, vendors and cost of sales 38 times last year, putting the category just behind tax. In ...

The Big Number: The Second-Most Reported Accounting Deficiency
"Inventory, vendor and cost of sales" was the second-most common reported accounting deficiency in 2013. Taxes have long been a top accounting bugaboo, but keep an eye on the inventory. Large companies disclosed deficiencies in their procedures to ...