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(AFX UK Focus) 2008-12-01 00:52 Taiwan to review new accounting rule on inventory expensing - report
TAIPEI (XFN-ASIA) - The incoming chairman of the Financial Supervisory Commission said he will re-evaluate the impact of a new accounting rule on inventory expensing, which is due to come into effect on Jan 1, the Economic Daily News reported. (Mon, 01 Dec 2008 01:19:19 GMT)

01-12-2008: What motivates corporate scandals and accounting fraud?
KUALA LUMPUR: Corporate scandal and fraud arise due to various factors motivating company officials including performance-related remuneration or the need for a company to meet earnings expectations, said CPA Australia’s board of directors member John Cahill. (Mon, 01 Dec 2008 06:30:59 GMT)

Time is money: Delays can be costly in accounting
A lot of considerations may go into the calculus of choosing the right firm to handle a company’s accounting needs, but in the end, it may come down to a single factor: How long it takes to get answers to your questions. (Mon, 01 Dec 2008 07:35:14 GMT)

CBIZ/MHM signs deal to buy NYC-based accounting firm
CBIZ Inc. will make the largest acquisition in its history, signing an agreement on Nov. 24 to buy Mahoney Cohen & Co. for an undisclosed amount. (Mon, 01 Dec 2008 08:16:38 GMT)

Personnel Source now offers an accounting service for business
SALEM — Personnel Source has started offering accounting services. The new Account Source service "will provide the very best talent without the prices that have scared many businesses away from this resource," said Roscoe Divine, the founder and president of Personnel Source. (Mon, 01 Dec 2008 11:15:47 GMT)

Amgen Veteran Joins CNM LLP to Lead Accounting & Transactions Advisory Business
WOODLAND HILLS, Calif.----CNM LLP, an independent accounting and advisory services firm, today announced the appointment of Carl Adams to head CNM’s Accounting & Transactions Advisory service line. (Mon, 01 Dec 2008 12:00:00 GMT)

Rothstein Kass Rated Top Accounting Firm in 2008 Hedge Fund Service Providers Survey by Alpha Magazine
CPA firm Rothstein Kass rated first among accounting firms in the 2008 Alpha Awards, an annual ranking of hedge fund service providers sponsored by Institutional Investor's Alpha Magazine. (Mon, 01 Dec 2008 14:05:00 GMT)

Accounting for Taste
What your taste reveals about you. (Mon, 01 Dec 2008 15:07:49 GMT)

Survey of 1,500 U.S. Accounting Educators Rates Grant Thornton LLP as Best National Accounting Firm for Work-Life ...
CHICAGO----In Public Accounting Report’s 27th Annual Survey of Accounting Professors, Grant Thornton LLP again topped the list of the global accounting firms as the U.S. firm they considered to be the most ethical and the best for work-life balance, for the second consecutive year. (Mon, 01 Dec 2008 16:09:00 GMT)

Uncovering A Career In Forensic Accounting
Forensic accountants are financial detectives who audit , investigate and ascertain the accuracy of financial reporting documents, often in connection with anticipated or ongoing legal action. (Tue, 02 Dec 2008 09:05:40 GMT)

New Taiwan accounting standard to affect profits in PC supply chain
Although the Taiwan government has announced a delay in implementing a new accounting standard for inventory accounting, players in the PC supply chain have already started adopted new strategies for managing their inventory. (Tue, 02 Dec 2008 09:26:45 GMT)

Beazer's results hit by housing downturn, tax issues
Beazer Homes USA Inc. on Tuesday says its fiscal fourth-quarter loss rose to nearly $500 million as the home builder’s results were hit by an accounting rule that will likely prevent it from reaping the tax benefits of loss carry-forwards. (Tue, 02 Dec 2008 14:26:30 GMT)

Quest Software stock options settlement pending
Quest Software Inc. said Tuesday that the company has reached a pending settlement with the Securities and Exchange Commission in a case involving improper stock option accounting practices. (Tue, 02 Dec 2008 15:49:05 GMT)

Bomb squad responds to Brewer accounting office
BREWER, Maine — Brewer and Bangor police responded late Tuesday morning to an accounting office on Parkway South after a grenade was found inside a box there. (Tue, 02 Dec 2008 18:45:49 GMT)

Greater Baltimore finance, accounting industry job outlook found bleak
The early 2009 job outlook in the finance and accounting industry looks bleak for Greater Baltimore, according to the Robert Half International Financial Hiring Index released Tuesday. (Tue, 02 Dec 2008 19:58:50 GMT)

Sluggish IPO market, poor business chill accounting firms
The sharp fall in initial public offerings and other businesses has forced many accounting firms in China, including the big four international giants, to start cutting jobs for the first time in many years. (Wed, 03 Dec 2008 01:27:35 GMT)

Accounting firms start cutting jobs
The sharp fall in initial public offerings and other businesses has forced many accounting firms in China, including the big four international giants, to start cutting jobs for the first time in many years. Ernst & Young has laid off 50 to 100 auditors at its Beijing office, a source at the firm said. There has been a spate of departures from the firm last week. Many of those who have left are ... (Wed, 03 Dec 2008 04:34:09 GMT)

AES Unit Had ‘Irregular’ Accounting Procedures, Argentina Says
Dec. 2 (Bloomberg) -- AES Corp. , the U.S. power producer with operations in more than two dozen countries, employed “irregular” accounting methods at its Argentine unit, the country’s government said today. (Wed, 03 Dec 2008 11:05:39 GMT)

Lima accounting firm donates 5,000 pounds of food
Nearly 5,000 pounds of food will be donated to Christian Corner Community Center to help hungry local families, thanks to Rea and Associates employees. (Wed, 03 Dec 2008 15:07:28 GMT)

Bankers Demand Quick Action on Mark-to-Market
The American Bankers Association has written to Treasury Secretary Henry Paulson calling on regulators to make several immediate reforms to mark-to-market and fair value accounting rules before banks have to file their year-end financial statements. (Wed, 03 Dec 2008 15:28:06 GMT)

Canadian to lead international accounting standards advisory council
Paul Cherry, Accounting Standards Board (AcSB) chairman, has been appointed chairman of the International Accounting Standards Board’s Standards Advisory Council (SAC), effective Jan. 1, 2009, for a three-year term. (Wed, 03 Dec 2008 16:02:35 GMT)

Sanlam 10-Month Profit Slides, Hurt by Falling Stocks (Update1)
Dec. 3 (Bloomberg) -- Sanlam Ltd ., the largest South Africa- based insurer, said earnings a share before one-time items and accounting adjustments through October fell 86 percent, after investment returns were hurt by falling stock markets. (Wed, 03 Dec 2008 16:15:16 GMT)

Analog Devices Promotes Seamus Brennan to Vice President, Corporate Controller, and Chief Accounting Officer
Analog Devices, Inc. (NYSE: ADI ), a global leader in high-performance semiconductors for signal processing applications, today announced that Seamus Brennan has been promoted to vice president, corporate controller, and chief accounting officer, reporting to the CFO, effective December 8, 2008. (Wed, 03 Dec 2008 21:47:01 GMT)

Thomson Reuters buys accounting firm favourite Paisley
Gavin Hinks, Accountancy Age , Wednesday 3 December 2008 at 23:44:00 Governance risk and compliance software used by global accounting firms is acquired up by Thomson Thomson Reuters, the global business information provider, is to buy up Paisley one of the biggest developers of software which helps multinationals and large accounting firms manage internal controls and... ... (Thu, 04 Dec 2008 00:14:18 GMT)

Accounting for non-accountants
The Asheville chapter of SCORE, in partnership with A-B Tech's Small Business Center, will present a seminar titled “Accounting For Non-Accountants” 8:30 a.m.-1 p.m. Saturday in 128 Haynes on the A-B Tech Enka Campus. (Thu, 04 Dec 2008 05:29:11 GMT)

Southern Housing Group addresses component accounting
While the majority of UK housing associations are beginning to face up to the challenges associated with moving to Component Accounting and meeting the SORP 2008 deadline, Southern Housing Group has already successfully made the move to component accounting from April 2006 and delivered its first statement. (Thu, 04 Dec 2008 07:45:18 GMT)

Audit: CityVest misused funds; officials blame accounting error
Nonprofit developer CityVest misused more than $84,000 in state funding and violated the terms of its grant contract, a state auditor general report found. CityVest leaders Wednesday denied any intentional wrongdoing, and attributed the audit’s accusations to accounting and administrative mix-ups. (Thu, 04 Dec 2008 09:27:09 GMT)

ACCOUNTING FIRM TO FINISH PKFZ PROBE THIS MONTH
KUALA LUMPUR, Dec 4 (Bernama) -- PricewaterhouseCoopers (PWC), the accounting firm appointed by the government to audit the financial status of the Port Klang Free Zone (PKFZ), is expected to finish its investigation this month. (Thu, 04 Dec 2008 11:41:25 GMT)

Accounting Management Solutions Names Rich Silton to Advisory Board
Accounting Management Solutions, Inc., a leading provider of accounting, financial management, and consulting services to private, public, and nonprofit organizations, today announced the appointment of Rich Silton, president and chief operating officer of Access TCA, Inc., to its Advisory Board. (Thu, 04 Dec 2008 15:00:00 GMT)

1st Int'l Accounting Confab opens in Tehran
Iran - Accounting - Confab The First International Accounting Conference opened in Tehran on Thursday. Iranian and foreign experts are taking part in the two-day event. (Thu, 04 Dec 2008 16:07:07 GMT)

FASB Accounting Standards CodificationTM Expected to Officially Launch on July 1, 2009
NORWALK, Conn.----U.S. accounting and reporting standards are undergoing a major restructuring, and the Financial Accounting Standards Board is alerting constituents to significant changes that are expected to occur next year. (Thu, 04 Dec 2008 17:00:00 GMT)

Insight Distribution Software Announces Advanced Route Accounting Solution for the Beverage and Food Industries
Insight Distribution Software, a leading provider of supply chain software solutions for the beverage and food industries, introduced InsightXcelerate ® RouteCenter 3.0, the next generation of their ground-breaking route accounting and supply-chain software system. (Thu, 04 Dec 2008 17:46:09 GMT)

Insight Distribution Software Announces Advanced Route Accounting Solution For The Beverage And Food Industries
Insight Distribution Software, a leading provider of supply chain software solutions for the beverage and food industries, introduced InsightXcelerate® RouteCenter 3.0, the next generation of their ground-breaking route accounting and supply-chain software system. InsightXcelerate® RouteCenter 3.0 now offers unique flexibility for all operational scenarios requiring multiple warehouse locations ... (Fri, 05 Dec 2008 10:55:36 GMT)

Around we go again: the accounting fictions of corpses
The best thing about being around a while and watching the economy and the business cycles is that you witness the same old mistakes cropping up again and again. (Fri, 05 Dec 2008 13:13:01 GMT)

Forensic audit clears Vaughan Mayor, decries city accounting policies
A forensic audit into Vaughan Mayor Linda Jackson's 2007 expenses has found issue not only with the Mayor's accounting, but also with the city's accounting policies. (Fri, 05 Dec 2008 15:57:31 GMT)

UN climate official defends global emissions program
Yvo de Boer, executive secretary of the UN Framework Convention on Climate Change, called a U.S. General Accounting Office report, released this week by the U.S. General Accounting Office, "constructive criticism." (Fri, 05 Dec 2008 19:47:53 GMT)

Auditor: Stone County lacks accounting controls
State Auditor Susan Montee released an audit of Stone County's books from 2005 and 2006 today, detailing a number of shortcomings in how the county oversees the flow of tax dollars. (Fri, 05 Dec 2008 20:54:24 GMT)

Accounting student latest Arland Williams scholarship winner
MATTOON — Marcus Miller knows where he’s headed, and the Arland D. Williams Jr. Scholarship will help him get there. (Sat, 06 Dec 2008 07:19:32 GMT)

Barofsky Nominated to Oversee Bailout
Neil M. Barofsky, who was nominated yesterday to be the chief watchdog of the $700 billion bailout program, has spent his career as a federal prosecutor going after everyone from perpetrators of esoteric multibillion-dollar accounting frauds to South American drug lords with names such as "El Gordo"... (Sat, 06 Dec 2008 08:02:42 GMT)

LETTER: School cost accounting questionable
School cost accounting questionable (Sun, 07 Dec 2008 06:21:25 GMT)

People in Business
Allyson N. Podwoski joins as an administrative assistant. Podwoski attends Belmont University, where she is expected to graduate in December 2009 with a degree in accounting. (Sun, 07 Dec 2008 08:37:01 GMT)

Wall Street's toxic export
Securitization is a shadow banking system that funds most of the world's credit cards, car purchases, leveraged buyouts and, for a while, subprime mortgages. It also pumped out record profits for banks, accounting for as much as one-fifth of their revenue over the past decade. (Sun, 07 Dec 2008 08:43:09 GMT)

Sen. Claire McCaskill, Sen. Kit Bond call for more oversight of bailout
WASHINGTON — The government is hearing a blunt message as bailout talks continue this week: Don't even think about giving the auto industry billions of dollars until you start accounting for the financial rescue money that's already being doled out. (Sun, 07 Dec 2008 09:42:25 GMT)

White House kills FCC rule on backup power at cell sites
The White House's accounting arm has rejected a rule requiring wireless companies to maintain enough generators or batteries to sustain cellular telephone and pager service in the event of a power failure. (Sun, 07 Dec 2008 10:01:08 GMT)

Anchin, Block, Anchin LLP Adopts Penny Software from TKS Solutions for Intricate Investment Partnership Accounting
TKS Solutions LLC , a provider of partnership and shareholder accounting solutions for the financial industry, today announced that Anchin, Block, Anchin LLP is utilizing Penny, TKS’ flagship software, as its central partnership accounting system. TKS Solutions helps Anchin maintain flexibility and better manage the complexities of investment partnership accounting. (Mon, 08 Dec 2008 14:34:03 GMT)

SEC Chairman Cox says accounting rules not 'another financial rudder' for use in crisis
The government's top securities regulator says accounting rules shouldn't be bent inappropriately as an allowance in a financial (Mon, 08 Dec 2008 15:33:30 GMT)

SEC head says accounting rules must be neutral
By MARCY GORDON The government's top securities regulator said Monday that accounting rules shouldn't be bent inappropriately as an allowance in a financial crisis. Accounting rules must be neutral and "not just another financial rudder to be pulled" in times of economic distress, said Securities and Exchange Commission Chairman Christopher Cox. The banking industry has pressed the SEC to ... (Mon, 08 Dec 2008 15:39:28 GMT)

Small accounting firms partner with others to solve succession problem
Accounting firms routinely advise others on succession planning – crafting agreements and setting up systems to help business owners profitably hand over their company to a successor. They help negotiate terms and even do some hand-holding to ease the transition. But small accounting firms lately are finding that identifying a successor for their own business can [...] (Mon, 08 Dec 2008 15:52:57 GMT)

SEC head says accounting rules must be neutral 9:33 AM CT
WASHINGTON – The government's top securities regulator says accounting rules shouldn't be bent inappropriately as an allowance in a financial crisis. (Mon, 08 Dec 2008 15:54:29 GMT)

SEC head says accounting rules must be neutral
The government's top securities regulator said Monday that accounting rules shouldn't be bent inappropriately as an allowance in a financial crisis. Accounting rules must be neutral and "not just another financial rudder to be pulled" in times of economic... (Mon, 08 Dec 2008 15:55:14 GMT)

SEC head says accounting rules must be neutral
WASHINGTON - The top U.S. securities regulator said Monday that accounting rules shouldn't be bent inappropriately as an allowance in a financial crisis. (Mon, 08 Dec 2008 16:05:00 GMT)

SEC Chairman Cox says accounting rules not 'another financial rudder' for use in crisis
The government's top securities regulator said Monday that accounting rules shouldn't be bent inappropriately as an allowance in a (Mon, 08 Dec 2008 16:18:31 GMT)

SEC head says accounting rules must be neutral
The government's top securities regulator said Monday accounting rules shouldn't be bent inappropriately as an allowance in a financial crisis, but indicated that constructive revisions could be made to improve them. (Mon, 08 Dec 2008 18:40:00 GMT)

SEC head says accounting rules must be neutral
WASHINGTON -- The government's top securities regulator said today that accounting rules shouldn't be bent inappropriately as an allowance in a financial crisis. (Mon, 08 Dec 2008 19:18:56 GMT)

Chili's parent Brinker to cut 40 accounting jobs
About 40 workers in accounts payable and accounting with Brinker International Inc. will lose their jobs next spring, as the company hands over those functions to a New Jersey-based information technology consultant. (Mon, 08 Dec 2008 21:54:29 GMT)

SEC head says accounting rules must be neutral
The government's top securities regulator said Monday accounting rules shouldn't be bent to help soothe the battered economy. (Mon, 08 Dec 2008 21:58:19 GMT)

Cox: Accounting Rules Shouldn't Be Bent
The SEC boss says accounting rules 'aren't just another financial rudder to be pulled when the economic ship drifts in the wrong direction.' (Mon, 08 Dec 2008 22:36:06 GMT)

SEC Head Says Accounting Rules Must be Neutral
WASHINGTON (AP) - The government's top securities regulator said Monday accounting rules shouldn't be bent inappropriately as an allowance in a financ.... (Tue, 09 Dec 2008 06:04:02 GMT)

ICAI to support CAs, fulfill the demand for trained accounting professionals
The institute of chartered accountants of India (ICAI), to fulfill the demand for trained accounting professionals and to support chartered accountants (CAs), is launching a new course for the second tier accountants or the accounting technicians. (Tue, 09 Dec 2008 07:30:15 GMT)

SEC head says accounting rules must be neutral
WASHINGTON (AP) — The government’s top securities regulator said Monday that accounting rules shouldn’t be bent inappropriately as an allowance in a financial crisis. (Tue, 09 Dec 2008 11:43:22 GMT)

Access Accounting releases electronic document management solution for mid-
Colchester, UK – 8 December 2008 – Today, Access Accounting announced the latest addition to its portfolio: Access Document ManagementSE (ADMSE). The solution helps businesses manage and organise their files, delivering tangible time savings and driving business flexibility into every part of the organisation. (Tue, 09 Dec 2008 14:26:10 GMT)

Accounting not behind economic crisis: official
WASHINGTON: A controversial accounting rule used to value hard-to-price assets did not cause the current financial crisis, an International Accounting Standards Board member said on Tuesday. (Tue, 09 Dec 2008 20:16:18 GMT)

CORRECTED-DEALTALK-Devil in the details of accounting changes
PHILADELPHIA, Dec 9 (Reuters) - If the devil is in the details, new merger accounting rules that go into effect next week may be quite a beast. (Tue, 09 Dec 2008 21:21:17 GMT)

BPM to buy Santa Rosa accounting firm
Burr Pilger Mayer said Tuesday that it acquired Santa Rosa accounting firm Andersen & Co. (Wed, 10 Dec 2008 01:23:29 GMT)

EU accepts local accounting standards from six countries
AccountancyAge.com, Accountancy Age , Wednesday 10 December 2008 at 05:17:00 EU will continue to accept financial statements based on domestic accounting standards from companies in six countries The EU has decided companies in six countries - USA, Japan, China, Canada, South Korea and India - which have listings in the EU can continue to file financial statements... (Wed, 10 Dec 2008 05:47:57 GMT)

EU accepts local accounting standards from six countries
The EU has decided companies in six countries - USA, Japan, China, Canada, South Korea and India - which have listings in the EU can continue to file financial statements based on their domestic accounting standards. (Wed, 10 Dec 2008 06:17:10 GMT)

Research and Markets: Comprehensive Working Understanding of Accounting Principles, Concepts and Techniques That Guide ...
DUBLIN, Ireland----Research and Markets has announced the addition of John Wiley and Sons Ltd's new report "Management Accounting in Health Care Organizations, 2nd Edition" to their offering. (Wed, 10 Dec 2008 08:48:00 GMT)

Research and Markets: A Report on Managerial Accounting for the Hospitality Industry
DUBLIN, Ireland----Research and Markets has announced the addition of John Wiley and Sons Ltd's new report "Managerial Accounting for the Hospitality Industry" to their offering. (Wed, 10 Dec 2008 11:26:00 GMT)

Scottrade Hires New Directors of Accounting, Banking Systems
Scottrade , a leading branch-supported online investment firm, has hired two new directors to its management team: Drew Dennison, Managing Director of Accounting, and Jan Richert, Director of Banking Systems. (Wed, 10 Dec 2008 15:16:05 GMT)

Accounting Students Revisit 1998 Hedge Fund Collapse
Terry Baker, associate professor of accounting at Wake Forest, asked graduate students in his class, "Accounting for Derivatives," to examine the 1998 collapse of the hedge fund, Long-Term Capital Management (LTCM). As they prepare to embark on careers in finance and accounting, the students gained valuable insight into the lessons learned, and especially those not learned. (Wed, 10 Dec 2008 19:19:05 GMT)

(AFX UK Focus) 2008-12-10 20:10 Meritage CFO to assume accounting officer's duties
NEW YORK, Dec 10 (Reuters) - No. 12 U.S. homebuilder Meritage Homes Corp on Wednesday announced that Chief Financial Officer Larry Seay will soon assume the duties of the company's chief accounting officer. The company said in a filing with the U.S. Securities and Exchange Commission that Chief Accounting Officer Vicki Biggs will be leaving by late January 2009. Seay, 52, will receive no ... (Wed, 10 Dec 2008 20:33:30 GMT)

Clerk recognized for finance and accounting excellence
Dwight E. Brock, Clerk of the Circuit Court of Collier County announced that the Clerk’s Finance and Accounting Department has been awarded the Certificate of Achievement for Excellence in Financial Reporting by Government Finance Officers Association (GFOA) of the United States and Canada. (Wed, 10 Dec 2008 22:30:41 GMT)

Zimbabwe: Pastel Upgrades Accounting Software
Harare — Pastel Software Zimbabwe, in conjunction with Sage Pastel International, recently unveiled the latest enhancements to Sage Pastel Evolution; Pastel accounting software that many medium-sized companies in Zimbabwe are using. (Thu, 11 Dec 2008 06:47:40 GMT)

Shareholder Accounting Software Provides Complete Transfer Agent Solution
Figtree Consulting, Inc. released Version 11.3 of StockTrack Shareholder Accounting software today adding new features and enhancing ease of use. StockTrack provides a complete Transfer Agent solution. The software supports issuance and transfer of stock, printing of stock certificates, cash dividends (including generating NACHA files for direct deposit), dividend reinvestment, proxy, splits, ... (Thu, 11 Dec 2008 07:01:00 GMT)

FSU accounting programs rank among nation's best
The Florida State University College of Business' graduate accounting programs have been ranked by a trade publication as the best in the state, and its undergraduate, graduate and doctoral programs in accounting among the nation's best. (Thu, 11 Dec 2008 07:03:55 GMT)

DAVACO Names Brad Adams as Director of Accounting
DAVACO, Inc. (www.davacoinc.com), the national leading provider of retail services, announced today that Brad Adams has been promoted to director of accounting. In this role, Adams is responsible for leading DAVACO’s project office and accounts payable departments, as well as overseeing operational accounting processes and financial reporting. He reports directly to Kathy Merani, vice ... (Thu, 11 Dec 2008 08:54:18 GMT)

Atlanta Accounting Staffing Firm Owner Offers Recession Employment Tips
With fast rising unemployment rates in Georgia and across the country, many professionals are looking for new ideas on how to be proactive and leverage technology in the job search process. Responding to accounting jobs ads and waiting for the phone to ring is simply not proactive enough in a deepening recession. This article provides a starting point for thinking outside the box with your job ... (Thu, 11 Dec 2008 11:00:00 GMT)

ECB's Noyer: Central Bks Should Assess Neutrality Of Accounting Rules
PARIS -(Dow Jones)- European Central Bank governing board member Christian Noyer said Thursday the current financial crisis is a valuation crisis, adding that central banks can rightfully question if accounting rules are neutral and do not affect financial stability. (Thu, 11 Dec 2008 12:38:47 GMT)

UPDATE: ECB's Noyer: Central Bks Should Assess Accounting Rules
PARIS -(Dow Jones)- European Central Bank governing council member Christian Noyer said Thursday that the current financial crisis is a valuation crisis and central banks should assess whether accounting rules are affecting financial stability. (Thu, 11 Dec 2008 14:09:04 GMT)

ACCOUNTING STANDARDS BOARD DECISION SUMMARY DECEMBER 3-4, 2008
The Canadian Accounting Standards Board (AcSB) met on December 3-4, 2008 and discussed a number of issue. (Thu, 11 Dec 2008 17:18:14 GMT)

Sol Schwartz named one of Texas’ best accounting firms
Sol Schwartz & Associates P.C. was named one of the 10 most dependable accounting firms the state, according to the December 2008 issue of the Texas Monthly Magazine. (Thu, 11 Dec 2008 18:18:39 GMT)

ACCOUNTING EDUCATION: AN INTERNATIONAL JOURNAL - CALL FOR PAPERS ON AUDIT EDUCATION
Accounting Education: an international journal invites submissions for a themed issue on the topic of audit education. Audit professionals are valued members of society who are expected to be both skilled and ethical decision makers. (Thu, 11 Dec 2008 21:18:43 GMT)

IMA Redefines Management Accounting through New Statement on Management Accounting Release
To reflect the increasingly strategic role of the management accounting profession, the Institute of Management Accountants (IMA®) released today its latest Statement on Management Accounting (SMA): Definition of Management Accounting. The paper, a research product of IMA's Foundation for Applied Research (FAR) subcommittee, presents a new definition of the profession. (Fri, 12 Dec 2008 07:01:00 GMT)

Accounting Technology Magazine Recognizes Connecticut Based CAL Business Solutions Inc. as 2008 Top 100 Pacesetter for ...
CAL Business Solutions Inc., a leading provider of Microsoft Dynamics GP (formerly Great Plains) accounting software in Connecticut, was chosen as one of the select 100 Pacesetters for 2008 by Accounting Technology magazine. The performance-oriented recognition is based on selection criteria that include awards, leadership, industry reputation, and company growth. (Fri, 12 Dec 2008 07:01:00 GMT)

Deloitte Forum 2008 Changes in Accounting Standards and Tax Regulations
Deloitte Touche Tohmatsu Jaiyos is holding a “Changes in Accounting Standards and Tax Regulations Seminar” for valued clients and those interested. This seminar aimed to equip with the Accounting Stan (Fri, 12 Dec 2008 09:31:55 GMT)

EU Allows Use Of Certain Foreign Accounting Standards
BRUSSELS -(Dow Jones)- The European Commission, the European Union's executive arm, Friday approved the accounting standards of the U.S., Japan, China, Canada, South Korea and India for use in the E.U. (Fri, 12 Dec 2008 12:39:04 GMT)

EU Accepts Accounting Rules of U.S., Japan, 4 More Countries
Dec. 12 (Bloomberg) -- The European Union formally accepted accounts from six countries including the U.S. and Japan, letting companies such as Exxon Mobil Corp. (Fri, 12 Dec 2008 13:41:02 GMT)

Seminar on fair accounting today
DOHA: The Institute of Chartered Accountants of India (ICAI), Doha Chapter, will hold a professional seminar on “Fair Value Accounting in times of Economic/Financial Crisis”, today at 6pm at the Venus & Earth Hall of the Ramada Plaza Hotel. (Fri, 12 Dec 2008 22:10:37 GMT)

Katherine Asbeck to Retire as Corning's Principal Accounting Officer
Corning Incorporated (NYSE:GLW) announced today that Katherine A. Asbeck, senior vice president, finance, and the company's designated principal accounting officer will retire effective March 31, 2009. (Fri, 12 Dec 2008 22:45:55 GMT)

UK’s Lancaster University Awards Honorary Degree to Stanford Business School Accounting Expert
One of the world’s foremost accounting academics has received an honorary degree from Lancaster University in the United Kingdom. Mary Barth, a Professor of Accounting at the Stanford University Graduate School of Business, received a Doctor of Science for her services to the profession from Lancaster University Management School (LUMS) on December 10. (Fri, 12 Dec 2008 22:49:56 GMT)

EU grants equivalence to China's accounting rules
The European Commission decided on Friday to grant equivalence to the accounting rules of six foreign countries including China as from next year. Under the decision, the Generally Accepted Accounting Principles (GAAPs) applied by China, the United States, Japan, Canada, the Republic of Korea and India were found to be equivalent to International Financial Reporting Standards (IFRS) as adopted ... (Sat, 13 Dec 2008 03:03:08 GMT)

Tompkins Trust hires assistant VP for accounting dept.
Tompkins Trust Company has hired Anna Furman as assistant vice president/assistant controller in the accounting and finance department. Furman comes to Tompkins Trust after serving the past two years as supervisor of US Entities Accounting, Intercompany Group for Merck & Co. Inc. in Whitehouse Station, N.J., where she managed a group responsible for supporting all accounting activities, ... (Sat, 13 Dec 2008 06:38:13 GMT)

India's accounting principles match global standards: EU
Brussels, Dec 13: The European Commission, the European Union's (EU) executive body, has accepted that the Generally Accepted Accounting Principles (GAAPs) of India are equivalent to the International Financial Reporting Standards (IFRS). (Sat, 13 Dec 2008 06:53:45 GMT)

Grad accounting program at BYU ranked No. 1 in U.S.
Accounting professors have selected Brigham Young University's graduate accounting program as best in the nation unseating the University of Texas at Austin, which held the top spot for more than a decade. (Sat, 13 Dec 2008 07:25:48 GMT)

After 55 years, Greathouse sells accounting firm
MATTOON — John Greathouse’s dark brown suit, pressed white shirt and knitted tie fit him like a second skin. (Sun, 14 Dec 2008 06:33:16 GMT)

ICAI to help railways upgrade accounting practices
Apex chartered accountant institute Institute of Chartered Accountants (ICAI) will help the 155-year-old Indian Railways upgrade its accounting practices. (Sun, 14 Dec 2008 13:05:21 GMT)

No accounting for rule on mark to market, Lewis says
Bank of America Corp. Chief Executive Ken Lewis took aim at two accounting rules last week. But it appears he’ll have to live with one of them — for now. (Mon, 15 Dec 2008 06:39:34 GMT)

Nigeria: Honeywell Accounting System, Standard Best Practices - Otudeko
Honeywell Flower Mills Plc is go-ing to the capital market to raise funds through a Public Offer. It is a bold step in an uncertain time. But that is a step that can be taken only by Honeywell Flower Mills Plc whose pedigree in the food industry precedes it. (Mon, 15 Dec 2008 07:45:00 GMT)

More signing up for accounting courses despite financial turmoil
SINGAPORE : The economic downturn may have hit the financial sector hard, but some Singaporeans are signing up for accounting courses to upgrade themselves. (Mon, 15 Dec 2008 13:25:18 GMT)

Software promotes thorough enterprise management.
Vantage(TM) integrates with POS, accounting, and payroll systems to provide complete reporting and business management solution with flexibility to increase feature usage as needed. Along with drag-and-drop report design functionality, solution offers variety of customizable reports as well as real-time dashboard for examining and addressing areas of success as well as challenges. Auditing ... (Mon, 15 Dec 2008 13:46:05 GMT)

Accounting Principals to Open Office in Oklahoma City
OKLAHOMA CITY----Accounting Principals, the accounting and finance solutions unit of MPS Group, Inc. , today announced that it will open a new office in Oklahoma City on Jan. 5, 2009. (Mon, 15 Dec 2008 15:00:00 GMT)

Honeoye to juggle accounting duties following audit
A review by the state Comptroller’s Office found no missing funds, only the opportunity for something to go wrong. (Mon, 15 Dec 2008 15:58:03 GMT)

ICAI to help Indian railways upgrade accounting practices
The Institute of Chartered Accountants (ICAI) will help the 155-year-old Indian Railways upgrade its accounting practices. “We will help the railways upgrade its accounting system and make it look like a corporate account, fully based on accrual accounting system,” said ICAI President Ved Jain. (Mon, 15 Dec 2008 16:18:21 GMT)

Siemens Pleads Guilty to U.S. Charges in Bribery Case (Update1)
Dec. 15 (Bloomberg) -- Siemens AG , Europe’s largest engineering company, pleaded guilty to U.S. charges that it violated anti-corruption laws by falsely accounting for $1.36 billion in bribes paid to government officials worldwide. (Mon, 15 Dec 2008 16:22:21 GMT)

AICPA to Participate in U.K. Forum Hosted by Prince Charles on 'Accounting for Sustainability'
NEW YORK, December 15 /PRNewswire/ -- The American Institute of Certified Public Accountants announced today that it has agreed to participate in a forum hosted by His Royal Highness the Prince of Wales on "Accounting for Sustainability: Decision-Making and Reporting in a Resource-Constrained World." (Mon, 15 Dec 2008 21:08:53 GMT)

US deficit would top $1 trillion under 'accrual' accounting used by businesses
WASHINGTON - The federal deficit for 2008 would top $1 trillion if the government had to use the same accounting methods as private companies. And that doesn't even account for the huge costs of the Wall Street bailout, which didn't really start until the new budget year began on Oct. 1. (Mon, 15 Dec 2008 21:17:36 GMT)

Report: Private accounting pegs federal deficit at $1 trillion
A report from the administration concludes that the federal deficit for 2008 would top $1 trillion under accounting methods used by private companies. (Mon, 15 Dec 2008 22:32:29 GMT)

Accounting firms DeLeon & Stang and Berger & Hillman merge
Maryland accounting firms DeLeon & Stang and Berger & Hillman are merging. (Mon, 15 Dec 2008 22:54:03 GMT)

Mandelson accused of Royal Mail pension accounting trick
AA Freelancer, Accountancy Age , Tuesday 16 December 2008 at 09:57:00 Business Secretary attacked over government takeover of Post Office pension fund Business Secretary Peter Mandelson has been accused of planning "a massive and wicked accounting trick" by taking over the £22 billion Post Office pension fund and leaving future taxpayers to... (Tue, 16 Dec 2008 10:18:49 GMT)

Mandelson accused of Royal Mail pension accounting trick
Business Secretary Peter Mandelson has been accused of planning "a massive and wicked accounting trick" by taking over the £22 billion Post Office pension fund and leaving future taxpayers to pay a feared £6.8 billion pensions deficit. (Tue, 16 Dec 2008 10:31:50 GMT)

Accounting method would boost deficit
WASHINGTON, D.C. -- The federal deficit for 2008 would top $1 trillion if the government had to use the same accounting methods as private companies. (Tue, 16 Dec 2008 11:49:26 GMT)

Intacct Named to Accounting Today's Top 100 Products of 2008
Intacct, a leader in on-demand financial management and accounting applications, today announced that Accounting Today has named Intacct to its list of the Top 100 Products for 2008. The annual list, started 16 years ago, was created to recognize what Accounting Today considers to be the elite software products available on the market. Intacct was recognized in the "High-End and Mid-Market ... (Tue, 16 Dec 2008 14:00:00 GMT)

I.B.I.S., Inc. Named 2008 Technology Pacesetter by Accounting Technology
The editors of Accounting Technology are pleased to announce that I.B.I.S., Inc. has been chosen as a Technology Pacesetter for 2008. The magazine, published 11 times annually by SourceMedia Inc., each year gives this award to 100 organizations that market financial midmarket applications. (Tue, 16 Dec 2008 16:01:55 GMT)

Grayslake district moves to improve its accounting
Grayslake Elementary District 46 will install a new software system designed to prevent accounting errors, such as paychecks containing the wrong amount of money for employees. (Tue, 16 Dec 2008 20:20:21 GMT)

Fisher Communications, Inc. Names Hassan Natha as Vice President/Finance and Principal Accounting Officer
Fisher Communications, Inc. announced today that Hassan N. Natha has joined the Company as Vice President/Finance. Additionally, Mr. Natha has been appointed the Company's principal accounting officer and will lead the Company's accounting, financial reporting and audit functions, filling a position that has been vacant since October. (Tue, 16 Dec 2008 22:49:00 GMT)

SEC Head: Accounting Rules Must be Neutral
Dec. 15, 2008 (Associated Press) The government's top securities regulator said Monday that accounting rules shouldn't be bent inappropriately as an allowance in a financial crisis. (Tue, 16 Dec 2008 23:47:15 GMT)

Fisher Names Hassan Natha VP, Finance, Principal Accounting Officer
Will head up accounting, financial reporting and auditing (Wed, 17 Dec 2008 00:03:54 GMT)

CBIZ buys New England accounting business
CBIZ Inc. said today it has agreed to buy the non-attest business of Tofias PC, a leading regional accounting service provider based in Cambridge, Mass. The deal is to close Dec. 31. Tofias, a regional accounting company, also has offices... (Wed, 17 Dec 2008 12:57:19 GMT)

CBiz to acquire Massachusetts accounting business
The provider of accounting and business service did not say what it will pay for the non-attest business of Tofias PC. (Wed, 17 Dec 2008 15:09:09 GMT)

SEC OKs Accounting Oversight Board 2009 Budget of $157.6 Million
WASHINGTON -(Dow Jones)- The Securities and Exchange Commission voted Wednesday to approve the Public Company Accounting Oversight Board's 2009 budget of $157.6 million, up from $144.6 million in 2008. (Wed, 17 Dec 2008 16:23:53 GMT)

CSU - Pueblo Business Student earns Denver Accounting Scholarship
Laurie Corradino, a senior accounting major in the Hasan School of Business at Colorado State University – Pueblo, recently received a $3,000 scholarship from the Denver Chapter of the American Society of Women Accountants. (Wed, 17 Dec 2008 21:57:44 GMT)

South Africa: Changes Looming for Public Sector Accounting
Johannesburg — THE auditor-general's criticism of the quality of financial competency in the public sector could soon come to an end. The government is set to apply accounting standards in the new year designed to enhance delivery and combat corruption. (Thu, 18 Dec 2008 07:23:31 GMT)

Taiwan Government: To Go Ahead With Inventories Accounting Rule Change
TAIPEI -(Dow Jones)- Taiwan has decided to go ahead with a plan to tighten accounting rules on inventories starting next year after a survey showed most companies don't expect the rule to hurt earnings, Financial Supervisory Commission Chief Secretary Lu Ting-chieh said Thursday. (Thu, 18 Dec 2008 11:08:45 GMT)

Accounting firms drawn in to Madoff scandal
Top accounting firms were hoodwinked by Bernard Madoff ’s alleged $50bn fraud as well as several leading banks and some of the world’s biggest hedge fund investors, according to lists of service providers to Madoff-linked funds. (Thu, 18 Dec 2008 13:25:08 GMT)

Companies with the Most Aggressive Accounting Have Higher Stock Compensation and Share Repurchases, Audit Integrity ...
LOS ANGELES----U.S. corporations with the most aggressive accounting are dramatically more likely to offer generous stock options for their top managers and engage in share buyback programs, according to a study made public today by Audit Integrity, an independent research firm that gauges corporate integrity risk. (Thu, 18 Dec 2008 14:00:00 GMT)

(AFX UK Focus) 2008-12-18 14:12 Taiwan to adopt new accounting rule on inventories
TAIPEI, Dec 18 (Reuters) - Taiwan will adopt a new accounting rule to tighten the booking of inventories starting next year, joining Japan, Hong Kong and Singapore, the island's top financial regulator said on Thursday. The rule would not hit some industries -- which analysts said included high-tech and construction -- as hard as investors had expected, the Financial Supervisory Commission said ... (Thu, 18 Dec 2008 14:35:55 GMT)

Accounting body to fight off-balance-sheet ruses
PARIS, Dec 18 (Reuters) - A draft accounting rule set to become mandatory in the European Union and other countries from the second half of 2009 will force banks to account properly for risky assets parked off their books. (Thu, 18 Dec 2008 16:50:59 GMT)

Reval Expands Strategic Partnership with Financial Innovations – Bringing Leading Derivative Hedge Accounting and Risk ...
Reval, a global leader in financial risk management and hedge accounting solutions and services, today announced they are expanding their strategic partnership with Milan based Financial Innovations, a leading Italian treasury consultancy, to sell, support and market Reval HedgeRx ® into the wider Italian market. (Thu, 18 Dec 2008 17:01:06 GMT)

(AFX UK Focus) 2008-12-18 23:55 Taiwan to enforce new accounting rule on inventory expensing Jan 1 as planned
TAIPEI (XFN-ASIA) - The Financial Supervisory Commission said a new accounting rule on the expensing of inventory patterned after international accounting standards will come into force from Jan 1 as originally planned. (Fri, 19 Dec 2008 00:02:35 GMT)

(AFX UK Focus) 2008-12-19 01:30 Taipei shares open lower on new accounting rule, Wall St tumble
TAIPEI (XFN-ASIA) - Share prices opened lower, taking a hit from news that the government is implementing from Jan 1 accounting standard No. 10, which requires the expensing of inventory, dealers said. (Fri, 19 Dec 2008 01:32:41 GMT)

MINISTER ANNOUNCES APPOINTMENT OF CHAIRMAN OF AUSTRALIAN ACCOUNTING STANDARDS BOARD
Senator Nick Sherry, the Minister for Superannuation and Corporate Law, has announced the appointment of Mr Kevin Stevenson as the full-time Chairman of the Australian Accounting Standards Board (AASB) for a five-year term from 1 July 2009.... (Fri, 19 Dec 2008 01:33:12 GMT)

(AFX UK Focus) 2008-12-19 03:25 Taipei shares lower on new accounting rule, Wall St drop
TAIPEI (XFN-ASIA) - Share prices were lower at midmorning on concerns over the impact of a new accounting rule on the expensing of inventory that will come into force from next month. (Fri, 19 Dec 2008 03:51:23 GMT)

Accounting firms drawn into Madoff scandal
Top accounting firms were hoodwinked by Bernard Madoff ’s alleged $50bn fraud as well as several leading banks and some of the world’s biggest hedge fund investors, according to lists of service providers to Madoff-linked funds. (Fri, 19 Dec 2008 06:05:51 GMT)

Paradigm Technology Consulting, LLC Named 2008 Technology Pacesetter by Accounting Technology Magazine
Paradigm Technology Consulting, LLC (PTC), an East Windsor, NJ based provider of business solutions and services for small and mid-market businesses, was chosen as one of the select 100 Pacesetters for 2008 by Accounting Technology magazine. (Fri, 19 Dec 2008 07:01:00 GMT)

Yushchenko wants PGO, accounting chamber to monitor spending of funds for Euro 2012
Kyiv, Dec. 19 (Interfax-Ukraine) - Ukrainian President Victor Yushchenko has insisted that the Accounting Chamber of Ukraine and the Prosecutor General's Office monitor each month the spending of funds foreseen for Ukraine's preparations for the finals of the Euro 2012 European Football Championship. (Fri, 19 Dec 2008 09:58:51 GMT)

Madoff ordered to produce accounting by Dec. 31
Disgraced money manager Bernard Madoff has been ordered to provide a written list by the end of the year of his assets and liabilities, a key step in finding what is left for investors after authorities said Madoff admitted squandering at least $50 billion. U.S. District Judge Louis L. Stanton signed an order late Thursday requiring the 70-year-old Madoff to provide a verified accounting of all ... (Fri, 19 Dec 2008 15:57:55 GMT)

Madoff Ordered To Produce Accounting By Dec. 31
Disgraced financier Bernard Madoff has been ordered to provide a written list by the end of the year of his assets and liabilities, a key step in finding what is left for investors after authorities said Madoff admitted squandering at least $50 billion. U.S. District Judge Louis L. Stanton signed an order late Thursday requiring the 70-year-old Madoff to provide a verified accounting of all his ... (Fri, 19 Dec 2008 17:59:50 GMT)