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Accounting News 10/2014 (Page 2)



Accounting for property lease incentives
Lease incentives are negotiated into many commercial property leases as an incentive for the tenant to sign a long-term lease. Free rent, cash for moving expenses, renovations, video conferencing equipment, and elaborate conference rooms help close ...

CSC Names Diane Wilfong Vice President, Controller and Principal Accounting ...
CSC Names Diane Wilfong Vice President, Controller and Principal Accounting ...

Reinsel Kuntz Lesher acquires Cumberland County accounting firm
A Lancaster County-based accounting firm has acquired a firm in North Middleton Twp. as it continues to expand into the Harrisburg and Carlisle areas. Darkes, Peachey & Wilbert CPA, Certified Public Accountants & Consultants (DPW), an accounting firm ...

Audit finds poor accounting and tight finances at Magnolia charter schools
Los Angeles Unified School District officials Wednesday released audit findings that show tight finances and poor accounting practices at two Magnolia charter schools but do not conclude that a lack of money could put the schools out of business ...

LeNature's settles with accounting firm
The trustee representing creditors of bankrupt LeNature's Inc. filed notice in federal court in Pittsburgh Tuesday that an $895,000 settlement has been reached with an accounting firm hired in 2003 to investigate allegations of misconduct by executives ...

Accounting advice for small businesses: how to tackle the three big headaches
However there are a number of cloud accounting packages that allow you to track or submit your expenses on the go, from your mobile or tablet. This is particularly useful for those cash expenses you incur on the move. That said, it still takes ...

Dave & Buster's IPO serves up unappetizing accounting
Why does anyone serve pasta with mashed potatoes? Or why is Dave & Buster's Entertainment PLAY, +0.00% risking a diversion from its perfectly palatable looking initial public offering with curious accounting? The Dallas-based chain of 70 sports-themed ...

PUP owners want $500 million from accountants
Dr. Sandeep Bajaj and Dr. Rohini Bajaj claim the national accounting firm McGladrey LLP is responsible for the financial ruin and liquidation of Physicians United Plan Inc., which had served about 50,000 Floridians until the state took over its ...

Intacct Hires Kevin Cumley to Continue Strategic Growth with Accounting Firms
SAN JOSE, Calif., Oct. 9, 2014 /PRNewswire/ -- Intacct, a leader in cloud financial management and accounting software, today announced the hiring of Kevin Cumley as its new director of the Intacct Accountants Program offered in collaboration with CPA ...

Britain won't let companies bury their accounting missteps in bulky reports ...
Britain won't let companies bury their accounting missteps in bulky reports ...

Increased transparency over accounting errors promised under new FRC ...
Increased transparency over accounting errors promised under new FRC ...

Accounting experts to speak
At 10:30 a.m., Paul Munter, a CPA and partner in the Department of Professional Practice – Audit at KPMG, will discuss the new revenue recognition standard that was passed jointly this year by the International Accounting Standards Board (IASB) and the ...

New Hiring Forecast Predicts High Demand for Accountants
An increase in hiring of accounting and finance professionals can be expected in the next 12 months, according to a recently released jobs outlook from staffing firm Brilliant. Brilliant, in conjunction with Richard Curtin, PhD, professor and director ...

Accounting Software Provider Xero Is #1, Tops Australia's List Of Most ...
Accounting Software Provider Xero Is #1, Tops Australia's List Of Most ...

Saugus school staff adjusting to new accounting software
SAUGUS — Despite some bumps in the road, school faculty and administration have been pleased with the overall implementation of the new MUNIS accounting software. “This is an enormous tool, I personally am very grateful for it,” said Pola Andrews, ...

Keystone to Offer Master's Degree in Accounting, Educational Leadership
"We are elated to achieve final and official approval to begin offering master's degrees in accounting and educational leadership," said Keystone College President Dr. David L. Coppola in a statement. "This is truly a monumental step in our history and ...

Uni High facing unexpected $1 million-plus deficit after accounting error
URBANA — University Laboratory High School in Urbana is facing a $1 million-plus deficit, blamed on an accounting error that charged salaries to a defunct account for several years. Coupled with a decline in state aid, the mistake means the high ...

Caesars Entertainment (CZR) Names New Accounting Chief
Caesars Entertainment (NASDAQ: CZR) announced the appointment of Keith Causey as Senior Vice President and Chief Accounting Officer. He replaces Diane Wilfong, who has left the company to pursue another opportunity. There are no disagreements ...

Accounting Panel Puts Alumni in Front of Students
"People think public accounting is boring," said Bill Messerle '97, "But we're here to tell you, public accounting is never boring." Messerle, a partner with PricewaterhouseCoopers, was one of six alumni who sat on the Williams School's Oct. 6 ...

Accounting and finance professionals' starting salaries should rise 3.5% for ...
Accounting and finance professionals' starting salaries should rise 3.5% for ...

L-3 Reveals Subpoenas, Impact From Accounting Review
However, the defense contractor's shares soared as it said it had completed an internal review and restated earnings, giving investors more confidence that all potential problems have been identified. The company said in a regulatory filing that it ...

NSU accounting degrees go online
Northern State University will offer two accounting degrees online to make them more accessible to students. Thursday, the South Dakota Board of Regents approved that request, along with a new minor in criminal justice. Starting this fall, NSU will be ...

Audit finds accounting errors in Clark County books
The Clark County Department of Job and Family Services maintained “off-book” checking and savings accounts reportedly unknown to county commission officials and transferred nearly $25,000 from those accounts to a Children's Services levy campaign, ...

Heartfelt Honor; Miller Center for Accounting Ed dedicated to 12th MSU president
Dr. Tim Miller, longtime Department of Accounting faculty member and 12th president of Murray State University, left, talks with Dr. Thomas Logan of Henderson, Murray State Foundation Board of Trustees member, Friday afternoon inside the newly ...

Accounting for political allowance
Ryutaro Nonomura, then an independent member of the Hyogo prefectural assembly, attracted worldwide attention in July when his rant at a news conference was uploaded to YouTube. He hysterically wept and pounded on the table while answering ...

Kingfisher faces scrutiny for accounting lapses
NEW DELHI: Grounded carrier Kingfisher Airlines is facing a close regulatory scrutiny over suspected lapses in its accounting practices and the corporate affairs ministry is looking into possible violations of Companies Act. The airline, part of Vijay ...

Accounting and finance professionals' starting salaries should rise 3.5% for ...
Accounting and finance professionals' starting salaries should rise 3.5% for ...

Student speak: Accounting edge
The professional qualification in management accounting, offered by the body, that I was considering promised to give students the best of both worlds - finance and business management. Furthermore, it gave me the opportunity to pursue the ...

Hospital Bill For $292643 Is All Math And No Accounting
For most Americans, the largest single bill they'll ever encounter in their lifetime is from a hospital. As a percentage of our National Healthcare Expenditure (NHE), the dollars flowing through America's 5,700 registered hospitals is about 31% of the ...

Briefs: Accounting firm Moss Adams adds partner in Everett
Moss Adams, one of the largest accounting and business consulting firms in the nation, announced the admittance of 10 new partners. Locally, Star Fischer was named a partner in the Everett office. Fischer provides research and development tax services, ...

Computerised accounting for French entities and tax audits
Companies that prepare their accounting documents using a computerised accounting system will now have to provide their accounting records in the form of an electronic accounting file (AEF) to the French tax authorities if they carry out a tax audit ...

Art of Accounting: My First Thought Is to Never Turn Down Business
One of my partners once was asked to recommend an accountant who could do corporate tax returns for a very large company. He was told it would take about 20 days and the fixed fee was an amount that was about a third of our normal rates. My partner was ...

Top of the List: Florida Accounting Firms
The Oct. 10 print edition features the List of the 25 Largest Accounting Firms in Florida ranked by the number of CPAs in the state. Not surprisingly, the big four — PricewaterhouseCoopers, Ernst & Young, Deloitte and KMPG — held the top four places ...

Valuation Demand Is Growing. Is Your Accounting Firm Ready?
Given accountants' standing as trusted advisors to business clients, this means an unprecedented opportunity for firms looking to increase their valuation engagements. Boosting a firm's valuations practice may also help accountants looking to offer ...

How Collaborative Accounting Can Help Grow Your Practice
Expectations from business owners and clients have changed. This is particularly true with accounting software and the impact on traditional write-up services. If you have ample engagements and profitability in tax and audit work, adding a new major ...

No Accounting for Wrath of Geithner at AIG Trial: Opening Line
For a very brief moment, around the age of 17, we had thoughts of joining the volunteer fire company a block away. One night, we tagged along to watch the guys at work. It was a little house plopped down in a row of other little houses on a crowded ...

Grant Accounting Specialist
Under the general direction of the Consortium Project Director, the Grant Accounting Specialist is responsible for financial reporting and accounting for the Trade Adjustment Assistance Community College and Career Training Round 4 (TAACCCT4), ...

Accounting Firm Must Pay Insurer Over Analyst's Fraud
The federal appeals court held that Heffler, Radetich & Saitta, a Philadelphia-based accounting firm that handles the distribution of class action settlements, owed Camico Mutual Insurance Co. for the cost of its defense in a suit brought by a member ...

HIPAA Final Rule on Accounting of Disclosures is Delayed
The Office for Civil Rights (OCR) recently announced that the proposed rule on accounting for disclosures, required by the HITECH Act, will not be finalized soon but will be delayed until 2015. On May 31, 2011, OCR issued a proposed rule granting a new ...

Resident, councilman debate accounting figures
The disagreement came after resident Joe Kostial previously complained about accounting issues for money connected with the 175th anniversary celebration for the borough. But Councilman Michael Stuban, who ran the committee, said all of the funds were ...

These Small Business Accounting Mistakes Come at a Big Cost
All sorts of strange deductions can happen from your cash accounts at your bank. For example, checks and direct transfers can be cleared for the wrong amount. Checks can be cleared in your account that are not your checks. A transaction may be recorded ...

Tesco Asks More Staff to Step Aside Amid Accounting Probe
He has indicated in discussions with board members that the time might come after accounting firm Deloitte LLP completes the investigation into the profit overstatement, one of the people said. Mr. Broadbent couldn't immediately be reached for comment ...

Tesco Suspends Three More Workers Amid Accounting Probe
“The deeper and more prolonged the accounting investigation becomes, the more distracting it will be for the U.K. business on the run-up to Christmas,” Nick Bubb, an independent retail analyst, said by e-mail. “Sainsbury and the other key rivals will ...

UK and Australian Accounting Organizations Unite
The United Kingdom-based Institute of Financial Accountants is joining together with Australia's Institute of Public Accountants to form one of the largest professional accounting organizations in the world dedicated to small and midsize firms. The IFA ...

McManus Joins Patrick Accounting
Michelle McManus, a Memphis native and certified public accountant, has joined Patrick Accounting and Tax Services PLLC as manager. In her new role, McManus will supervise and review the monthly accounting process for a section of clients. She will ...

Maryland accounting firm to merge with CohnReznick
Bethesda-based accounting, tax and consulting firm Watkins Meegan LLC will combine its practice with one of the country's leading firms, New York-based CohnReznick LLP, in an agreement expected to take effect Nov. 1. The combined firm is expected to ...

Savannah accounting firms merge
Two local accounting firms, one Savannah-based the other with offices in Savannah, Dublin and Atlanta, have announced their merger. Skinner, Barndollar & Lane P.C. will become part of TJS Deemer Dana LLP on Jan. 1, and the announcement said ...

Regulatory, Accounting Hurdles Facing Private Companies
Billy Atkinson, chairman of FASB's Private Company Council, said the organization's mandate is to offer alternatives that help reduce the cost and complexity of accounting standards for private companies, and to offer alternatives for U.S. GAAP ...

Ten UK companies fell short of FRC reporting standards
The Financial Reporting Council said in a report made public on Tuesday that it examined the accounts of 271 companies and approached 37 per cent of them for further information and explanation. Typically, correspondence from the FRC results in ...

Accounting firm Mercadien wins SBA contract
Mercadien P.C., Certified Public Accountants, announced Wednesday that the firm has been awarded a contract with the U.S. Small Business Administration potentially worth up to $20 million over five years. Mercadien, part of the Princeton-based ...