Accounting Newsletter (9/26/2009)
Dear AccountingHelper.org Readers,
Welcome to the Accounting Newsletter (9/26/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.
Accounting News
Revenge of the Accounting Authorities
The FASB’s latest idea, however, if seen to completion, would go along way toward silencing accusations that the rulemakers have gone soft on banks. Under consideration: an unprecedented proposal to v… (More)
E&Y settles over audit dispute
Borrelli Walsh, the liquidators of electronics firm Akai, had been pursuing legal action against the financial services company, claiming that it had not carried out its audit duties in the way it sho… (More)
SEC audit cites issues with meeting FOIA requests
The Securities and Exchange Commssion’s problems handling requests under the Freedom of Information Act make its compliance with the federal public access law the weakest among all federal agencies, a… (More)
Inquiry slams bins shambles - Council officials may face action…
SENIOR council officials face disciplinary action as a damning report is revealed today into the way Calderdale’s A 50 million bin contract was handled. (More)
15 new client service opportunities for tax season 2010 [VIDEO]
If you’re not already scheduling meetings with tax clients for year-end planning, you may be falling behind. The government’s massive response to the financial meltdown and business downturn is producing a volcano of changes in year-end tax planning and potentially new challenges when filing season starts in 2010. We caught up with CCH tax guru Mark Luscombe [...] (More)
Party bag firm in administration
Novelty party bag-maker Mr Lucky Bags has gone into administration. The company, which employs 68 people at its base in Stoke-on-Trent, has blamed the economic downturn. (More)
Accounting Articles
How to Follow Principles in Accounting
Hello friend. I hope you are doing well and enjoying this voyage in the world of accounting. In whatever profession you engage in, there must be a set of rules or principles that are required to be followed in order to bring about order in the way of doing things. Accounting is no exception. Therefore as an accountant, you should know these principles and how to keep them. (More)
How to Prepare a General Ledger - Part 2
In this article we will continue to analyse the practical example how to prepare a general ledger, where we continue with posting from the general journal to general ledger and summarizing the accounts. Explore further for better understanding. (More)
What are Bank Reconciliations - Explore Here
So you have been wondering what are bank reconciliations? Let us explore here this concept. At the end of each month the accountant in the accounting records calculates closing balance of cash in the cash book, which indicates how much cash the entity possesses in the bank account at the end of month. Also the bank where the company has its account and keeps cash provides a statement indicating the balance at the end of month. (More)
QuickBooks Tip: How to Handle a Bounced Check (NSF) in QuickBooks Without Affecting your Sales Reports
Nobody loves QuickBooks as much as we do, but sometimes the instructions found in QuickBooks Help aren’t really the best way to handle a tricky transaction. (More)
3 Most Common Mistakes When Hiring a Part-Time CFO
The role of part-time CFO is more common than ever, and it appears the CFO services industry is poised for a lot more growth. Why? Most start-up, emerging, and medium-sized companies have a need t… (More)
This newsletter is provided by AccountingHelper.org.