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Accounting News 09/2014 (Page 2)



Westfield State alum, Olivia Bischoff, earns accounting award - The Republican
The award is bestowed by the American Institute of Certified Public Accountants and is considered the most sought after and most respected award given in the accounting profession. In 2013, only 55 out of 94,000 individuals or .05% that sat for the ...

Site Ranks the Top 50 Accounting Programs in the U.S.
The ranking evaluates the results of four other rankings: U.S. News and World Report, Public Accounting Report, Brigham Young University (research rankings), and TaxTalent. Also, it considers whether or not a school has earned accounting accreditation ...

Charlie Munger Totally Burned The Accounting Firm Of One Of His Companies
Ernst & Young said there were issues with the accounting for acquisitions and deferred tax provisions. Apparently Munger disagreed. Because of issues with financial reporting, the company's annual report for the year ending Sept. 30 wasn't released ...

A Major Accounting Firm Just Ran the Numbers on Climate Change
With every year that passes, we're getting further away from averting a human-caused climate disaster. That's the key message in this year's "Low Carbon Economy Index," a report released by the accounting giant PricewaterhouseCoopers. The report ...

University of Mobile to host accounting lecture Sept. 11 - Press-Register
MOBILE, Alabama -- University of Mobile will host a free lecture sponsored by the university's School of Business and Accounting Department. According to a press release from the university, the lecture will begin at 11 a.m. Sept. 11 in Ram Hall on the ...

Former Wofford, Dorman player Davis left accounting to coach
“I was in accounting for about eight months,” Davis said. “I knew it wasn't something I wanted to do, not yet. I wanted to get back into the game. I saw this job opening posted online and I sent (head coach Bobby James) my resume. Coach James said he ...

This legendary accounting firm ran the numbers on climate change
With every year that passes, we're getting further away from averting a human-caused climate disaster. That's the key message in this year's “Low Carbon Economy Index,” a report released by the accounting giant PricewaterhouseCoopers. The report ...

Accounting firm adding 100 jobs in South Bend
SOUTH BEND, Ind. A national accounting firm is expanding its South Bend office, with plans to hire about 100 people by the end of next year. Crowe Horwath says the additional jobs stem from growth in its audit and tax practices. South Bend office ...

UM's Patterson School of Accounting makes top 20 for graduate program
Bookkeeping-Service_rgb OXFORD — Accounting Degree Review has released its 2014 ranking of the top 50 graduate schools for accounting. The Patterson School of Accountancy at the University of Mississippi made the ranking at 14th. It was the only ...

M&T Bank Unit to Pay $18.5 Million in SEC Accounting Case
“Investors must know when banking institutions are unable to recover on material amounts of outstanding loans, which means those institutions must carefully adhere to relevant accounting rules,” said Andrew Ceresney, director of the SEC's enforcement ...

Report lists accounting as the most underrated profession
What qualities do you look for in a dream job? Is it high pay, low stress, and ease of breaking into the profession? If so, the field of accounting certainly fits the bill - so much so that job search portal CareerCast.com has deemed accounting the ...

Lawmakers seek to protect accounting method
The bipartisan group of lawmakers, 233 in all, is seeking to keep the cash accounting method — where a payment is considered received when it is collected — for many small businesses. The alternative is the accrual method, which takes into account ...

Skaneateles woman encourages entrepreneurs to keep track of accounts
Irene Stafford has a passion for launching small businesses and will share her business expertise this fall with students of all ages in an entrepreneurial accounting class. For 43 years, the Skaneateles woman ran a heating, plumbing and incineration ...

Accounting Degree Review names 2014/2015 top 50 graduate schools for ...
Accounting Degree Review names 2014/2015 top 50 graduate schools for ...

Accounting firm has day of caring
Reynolds & Rowella, LLP partner and employee volunteers in front of FCA campus at 75 West Street, Danbury. Reynolds & Rowella, LLP donated a Day of Caring by 29 staff and partners — 196 hours — to make playground improvements on the main ...

National Academy of Public Accounting Professionals Selects Rhode Island ...
National Academy of Public Accounting Professionals Selects Rhode Island ...

Bramwell's Lunch Beat: Accounting Is an Underrated Job
A bipartisan majority of the House of Representatives – 233 members – has signed a letter urging House leadership to preserve the cash method of accounting for tax purposes, writing that legislative proposals requiring a transition to the accrual ...

Art of Accounting: To Save a Business, Plan the Details
In last week's column, I discussed how I went about saving a client's business that the IRS was in danger of closing. Now here is the nitty-gritty. The owner wanted to be able to walk away without her business. She would be broke and would lose her ...

Tom Walsh: Accounting firm latest outfit to stake out spot in city core
For Gordon Follmer, the firm's founding partner, it's a back-to-future move to work in the same place — called the Dime Building back in the day — where he started his accounting career while going to night school in 1960. The building is in the ...

Fred's Makes An Aggressive Change In Accounting Policy (FRED)
Interestingly, an accounting change that benefited earnings by a not-insignificant amount was not mentioned in either the press release or the earnings call. In the Critical Accounting Policies section of the MD&A, the company made the following ...

Business Buzz: Accounting firm expands to Pittston
Michael A. Barbetti LLC Certified Public Accountants opened new offices at 1099 S. Township Boulevard, Pittston. The firm serves as a full-service tax, accounting and auditing firm, and brings more than 37 years of experience to the Luzerne County ...

Accounting firm warns of latest IRS scam
A telephone scam demanding immediate payment to individuals claiming to be the IRS has threatened several people in Ste. Genevieve County. Jason Basler of Michael Horrell and Associates had a client contact him regarding the scam. The threats are ...

Etihad Airways : A global leader in revenue accounting
Etihad Airways has announced plans to establish a dedicated Revenue Accounting Centre of Excellence in Al Ain, in the Emirate of Abu Dhabi, and create job opportunities for more than 1,000 Emiratis over the next three years. The centre will be a global ...

Cal City adopts accounting whistleblower policy
The policy applies to complaints of "questionable accounting, internal accounting controls and auditing matters." Those include things like fraud or deliberate errors in preparing audits, reviews or financial records. Misrepresentations or false ...

Accounting professionals seek legal intervention for clarity on tax audit deadline
KOLKATA: Some accounting professionals in the country have sought legal intervention to bring clarity into a recent directive from the Central Board of Direct Taxes extending deadline for furnishing tax audit report, after failing to get any response ...

State law names county mayor accounting officer, CFO
State law (T.C.A. 5-6-108) does clearly state that County Mayor Dan Eldridge is “the accounting officer and chief financial officer of the county.” He's the top boss and bean counter. He does make appointments to statutory boards and committees, but he ...

European Banks Get New Capital Hit From Accounting Rule
European banks already under pressure to strengthen capital ratios may have to hold off on distributing profit to shareholders because of new accounting rules on how loan losses are calculated. The accounting requirement under the International ...

Oklahoma State University School of Accounting ranked among top 15 best in ...
Oklahoma State University School of Accounting ranked among top 15 best in ...

OSU School of Accounting ranked among top 15
Oklahoma State University's School of Accounting has been recognized as one of the best in the nation among schools with 15 or fewer full-time faculty members. OSU's accounting school in the Spears School of Business is tied for 13th in the Top 25 ...

Forensic Accounting ETFs Offers Another Way to Eschew Risk
The Forensic Accounting ETF (NYSEArca: FLAG) is one example. FLAG's holdings are drawn from a universe of 500 stocks and tracks the Del Vecchio Earnings Quality Index, which assigns 500 large-cap stocks a grade of A through F based on fun manger ...

Barron's Cites GuruFocus' Accounting Analysis
Two weeks ago, Barron's praised GuruFocus' interactive charts; more recently, Barron's listed GuruFocus as one of the websites where investors can find the best accounting analysis. Mike Hogan of Barron's specified GuruFocus' warning signs that assist ...

Accounting Firm Counsels How To Transition A Family Business
SHECHTMAN MARKS DEVOR PC hosted Seminar, “Transition of the Family Business”, with panel of entrepreneurs who have successfully handled transition to the next generation, and with moderators from Gestaltworks LLC. One hundred guests attended ...

3 Steps to Becoming the Steve Jobs of Accounting
Identifying a specialty for an accounting practice can open the door to growth and to developing more long-term relationships with profitable clients who see the full value of your services. In that way, it can better protect your margins and help you ...

Did Fred's tweak accounting policies to meet projections?
Fred's Inc. was about to miss its projections — likely pushing its shrinking stock price even lower — when the discount retailer made a subtle tweak to its accounting policies, according to an audit and accounting research firm. Beginning in the ...

AgFeed Agrees to Pay $18 Million to Settle SEC Accounting Fraud Case
The case against AgFeed is among more than 20 the SEC has filed against U.S.-traded Chinese companies and their officials over alleged accounting fraud and other issues. Over the past few years, regulators, auditors and investors have raised questions ...

Tom Walsh: Accounting firm latest outfit to stake out spot in city core
Accounting firm UHY LLP, with 350 employees in Oakland and Macomb counties, opens its first Detroit office this November downtown on the sixth floor of Chrysler House. For Gordon Follmer, the firm's founding partner, it's a back-to-future move to work ...

SEC examining accounting in books at Bankrate Inc.
... its chief financial officer of eight years had resigned. The operator of websites such as Bankrate.com and CreditCards.com said the Securities and Exchange Commission was examining the improper accounting of more than $1.5 million. Favorite; Print ...

Keep cash accounting, say US legislators
An open letter, written by the American Institute of Accounting Professions on Friday and signed by a bi-partisan majority of the US House of Representatives, stated that the method of cash accounting was simple because income was recognised when it ...

One of Cincinnati's largest accounting firms gets sold again
One of Cincinnati's largest accounting firms is being acquired for the second time in less than a year. Battelle Rippe Kingston has reached a definitive agreement with Chicago-based McGladrey LLP in which McGladrey will acquire "substantially all the ...

How Small Accounting Firms Can Compete for Top Talent
When recruiting accounting professionals, make them aware of your career development program. It's mutually beneficial when employees attend classes and conferences to stay up to date with the newest accounting practices, software and trends and share ...

LETTER: Government falls short in accounting for POW/MIAs - The Express-Times
This doesn't include approximately 73,000 from World War II, unfortunately many missing at sea. Therefore the burden is on us real Americans to demand a full accounting, as soon as possible. We owe this to those heroes who haven't come home and to ...

Accounting still popular with overseas students
In the same year, the number of new local post-graduate accounting students fell more than 8 per cent to 1500. The data was more dire at the undergraduate level, with the number of new undergraduate domestic and international accounting student falling ...

Farm Bureau: Keep Accounting Simple for Farmers and Ranchers
Clements, A proposal by the Senate Finance Committee would limit the growth of some small businesses, including farms and ranches, by restricting the use of cash accounting. Under the proposal, businesses with receipts greater than $10 million a year ...

Private Companies May Get Exemption on Accounting for Intangible Assets
The PCC operates under the auspices of the Financial Accounting Foundation in conjunction with its sister organization, the Financial Accounting Standards Board. At a meeting Tuesday, members of the PCC dealt with the subject of accounting for ...

Accounting watchdog asks UK companies to explain bosses' pay
The changes to the code come after a review from Lord Sharman, the former Aviva and KPMG chairman, which was set up to scrutinise accounting standards following the financial crisis. The review found that many companies' accounts failed to give detail ...

How To Smoothly Automate Business Accounting With Technology
Wesley Mission set itself a target of 50 per cent of reconciliations going into the new system in the first month, 75 per cent in the second and 100 per cent in the third. That was more realistic than a total switchover. “Accountants don't like change ...

Accounting expo may add up to a job
Accounting students will have the opportunity to connect with professionals from some of the field's largest firms at the Accounting Expo Wednesday. The expo, which will be from 10 a.m. to 2 p.m. at the Titan Student Union Pavilion Rooms, is an ...

Far left blog fails Accounting 101
For the Record says: Calling them "liabilities" is using a basic accounting term. An “unfunded liability” used in the context of a story on MPSERS is the value of pension benefits promised to employees in which employers have not set aside adequate ...

Majority of Australian accounting students are foreign, face tough job market
The majority of Australian accounting students are now foreign, The Australian Financial Review reports. 79% of Australian graduate accounting students hailed from overseas in 2013, with 55% of international students comprising undergraduate scholars ...

West Chester recognized for excellence in accounting
The Auditor of State Award with Distinction is given only to communities that file timely financial reports in accordance with generally accepted accounting principles and receive a “clean” audit report, in addition to completing a Comprehensive Annual ...