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Accounting News 07/2010



Tesco accused of using "aggressive" accounting policies
Accountancy Age, Accountancy Age , Thursday 1 July 2010 at 09:43:00 Tesco defends accounting treatment Supermarket giant Tesco has defended its accounting treatment after an analyst said the company was operating “aggressive” accounting policies. A Citi analyst said Tesco had a “more aggressive policy” than its competitors in the areas of revenue recognition, depreciation, the allocation of ...

Emerging economies should have more say in setting global accounting standards, Chinese finance official
China called for providing more say to the emerging market and developing nations, on Thursday, in the formulation of the International Accounting Standards (IAS).

RGL Forensics Only Forensic Accounting Firm on Accounting Today Top 100 List; Global firm also ranks third on mountain ...
Denver - DENVER- (July 1, 2010)- Global forensic accounting firm RGL Forensics is the only forensic accounting specialist on Accounting Today’s Top 100 Firms of 2010, published in the March issue.

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NCO Ranked #1 Finance & Accounting (FAO)/Accounts Receivable Global BPO Company by The Black Book of Outsourcing (A ...
NCO Group, Inc. , a leading provider of best-in-class business process outsourcing solutions, has been ranked as the #1 finance and accounting /accounts receivable global BPO provider by the respected Black Book of Outsourcing . Â The Black Book of Outsourcing ranked providers across 18 categories. Â NCO was ranked #1 in 12 of the 18 categories. Â NCO was ranked as the best overall provider and ...

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U.K. Accounting Regulator Urges Better Monitoring on Risks by Investors
U.K. pension funds and other institutional investors should sound the alarm about excessive risk-taking at the companies in which they put their money, Britain’s accounting regulator said in new guidelines published today.

Francis J. Rainer, 87; had accounting firm
Francis J. Rainer, 87, founder and retired president of Rainer & Co., an accounting firm in Newtown Square, died of complications from abdominal problems Monday, June 21, at the Forum at the Crossing, a nursing home in Indianapolis.

Looking for a post-college job? Try accounting
College graduates looking for jobs in accounting, engineering and finance were in luck this year.

Accounting Firm Launches iPhone App
Accounting and consulting firm Condley and Company LLP s Banking Services Group has debuted a new iPhone application and website.

Accounting firm lands achievement award
CHAMBERSBURG -- Smith Elliott Kearns & Company, LLC was awarded a marketing achievement award from the Association of Accounting Marketing for its Personal Development Training Program.

New accounting firm is coming to Southlake
Knutson & Monaco is opening a new office location in Southlake July 1. The firm is an expansion of K.P. Monaco & Associates, located in Arlington. Knutson & Monaco will be able to better serve their clients with the new convenient location.

Accounting error leaves Ontario scrambling
ONTARIO -- Council members are questioning the accuracy of the city's books in the wake of a treasurer's report Thursday. Treasurer Linda Stoodt told City Council an incorrect adjustment led to a $200,000 discrepancy. According to Auditor Jane Hammond, the error made the city's first-quarter shortfall appear to be $700,000 rather than $500,000.

Govt heads for better accounting system
Fiji’s permanent secretary for Finance John Prasad has established the government’s need to work towards getting a better accounting accrual system is a result of the previous system not being up to standard.

Local accounting firm wins prestigious award
Smith Elliott Kearns & Company, a full-service accounting and consulting firm, was recently awarded a marketing achievement award from the Association of Accounting Marketing for their persona

New accounting firm is coming to Southlake
Knutson & Monaco is opening a new office location in Southlake July 1. The firm is an expansion of K.P. Monaco & Associates, located in Arlington. Knutson & Monaco will be able to better serve their clients with the new convenient location.

Government accounting standards fall short
On the Fourth of July we celebrate a lot of things: our independence, our nation, our flag, each other’s company and our good fortune — past, present, and future.

EU's Barnier: Risk Of EU-US Divide Over Accounting Standards
EU's Barnier: Risk Of EU-US Divide Over Accounting Standards

New accounting firm is coming to Southlake
Knutson & Monaco is opening a new office location in Southlake July 1. The firm is an expansion of K.P. Monaco & Associates, located in Arlington. Knutson & Monaco will be able to better serve their clients with the new convenient location.

Accounting, engineering, finance grads get most offers
Accounting, engineering, finance grads get most offers

AccountingSoftwareSuccess.com Gives Accounting and Finance Professionals a Better Option When Reviewing Accounting ...
Free, unbiased accounting software comparison tools and reports. Also, accounting software implementation tools, checklists, and information from an industry veteran.

AccountingSoftwareSuccess.com Gives Accounting and Finance Professionals a Better Option When Reviewing Accounting ...
Free, unbiased accounting software comparison tools and reports. Also, accounting software implementation tools, checklists, and information from an industry veteran. (PRWeb Jul 5, 2010) Read the full story at (link) prweb4198104.htm

Accounting Tutor
We require a part-time Accounting tutor for September 2010, to tutor AS and A2 Level courses. This will involve 10 contact hours per week (over 2.5 days), plus cover and administration time.

Accounting rules "practically impossible to implement", Barclays claims
Proposed banking rules, born out of the crisis, will be “practically impossible to implement” and encourage “boilerplate” disclosures, according to Barclays.

Defense Finance and Accounting Employees Terminated After Security Review
By Elaine Wilson - Defense Finance and Accounting Service officials have terminated or indefinitely suspended 39 agency employees after they were found ineligible to meet the security requirements of their job.

Accounting for change
Corporate Affairs Minister Salman Khurshid was unable to conceal his disappointment when he saw there were very few women among the chartered accountants that filled Vigyan Bhavan’s majestic plenary hall on the occasion of the anniversary of their institution, the Institute of Chartered Accountants of India (ICAI). Invoking the key message of the Women’s Reservation Bill, which intends to ...

Accounting Today Calls for Nominations
Accounting Today is issuing a call for nominations for its annual Top 100 Most Influential People in Accounting list.

MPs back reform of government accounting
MPs have voted to implement massive accounting changes aligning government financial reporting and Parliamentary spending controls — but leaving misalignments totaling £22 bn.

How accounting technology facilities mobility for the flexible workforce
Brookson, one of the leading providers of accountancy and support services to self employed professionals, recently continued its series of roundtable discussions by facilitating a group of influential commentators to talk about the effect of accounting technology on the flexible workforce.

Accounting Management Solutions' Al Faber Receives Lifetime Achievement Award
WALTHAM, MA--(Marketwire - 07/07/10) - Accounting Management Solutions, Inc. (AMS), a leading supplier of outsourced accounting and financial management services for the Northeast, today announced that Al Faber, AMS executive vice president and director of Business Development, has been awarded the F. Gorham Brigham Jr. Lifetime Achievement Award as part of the Boston Business Journal's (BBJ ...

Accounting Management Solutions' Al Faber Receives Lifetime Achievement Award
Honor Comes as Part of the Boston Business Journal CFO of the Year Awards

Thomson Reuters Announces Global Expansion for Tax & Accounting Business
The Tax & Accounting business of Thomson Reuters announced today a series of strategies designed to accelerate its global expansion by offering multinational corporations and the global accounting firms that serve them the most comprehensive and integrated solutions for their tax, accounting and financial reporting compliance lifecycle needs.

Thomson Reuters Expands Tax & Accounting Globally
The Tax & Accounting business Thomson Reuters plans to expand internationally by targeting multinational corporations and global accounting firms via a series of strategies.

Accounting records implicating Sarkozy in illegal cash payments 'found' by police
Although reported missing by Lilliane Bettencourt, France's richest woman, the records were retreived by detectives.

Rose Financial Services Named Top Financial and Accounting Outsourcing Firm in Washington-Baltimore Metro Area
ROCKVILLE, MD--(Marketwire - July 8, 2010) - Rose Financial Services (RFS), the Premier U.S. Based Accounting and Financial Outsourcing Firm , announced that it has been named one of The Black Book of Outsourcing's prestigious "2009 Top General Accounting Outsourcing Vendors" and for the second consecutive year is the highest rated firm headquartered in the Washington-Baltimore Metro Area.

PricewaterhouseCoopers Calls for Slowing Down Pace of Accounting Standard Setting
PricewaterhouseCoopers, responding to the Financial Accounting Standards Board's and the International Accounting Standards Board's ambitious agenda to complete about a dozen new accounting standards by the end of 2011, said the current timeline is not sufficient to produce standards that meet the boards' high thresholds for quality. Â

BlackLine Systems to Lead Session at 10th Annual Shared Services for Finance & Accounting Summit in Chicago
CALABASAS, Calif.----Representatives from financial software provider BlackLine Systems will be speaking at the 10th Annual Shared Services for Finance and Accounting Summit , set to take place Wednesday, July 14, to Friday, July 16, 2010, in Chicago.

Hollywood Accounting — How Harry Potter Loses Money
An anonymous reader writes "Techdirt has the details on how it was possible for the last Harry Potter movie to lose $167 million while taking in nearly $1 billion in revenue. If you ever wanted to see 'Hollywood Accounting' in action, take a look. The article also notes two recent court decisions that may raise questions about Hollywood's ability to continue with these kinds of tricks. For ...

PwC Wants Accounting Boards to Slow Down
PricewaterhouseCoopers said the Financial Accounting Standards Board and the International Accounting Standards Board should slow down the pace of their standard-setting work, even though the two boards have recently extended the timeline for exposing new standards to the public.

Ex-head of 5th largest US accounting firm turns to Mysore LPO
In the latest example of how legal outsourcing in India can make a US legal defence more financially viable, Denis Field, former chairman and CEO of the US-based accounting major BDO Seidman, LLP, has hired the Mysore-based SDD Global Solutions, a legal process outsourcing arm of New York-based Smith-Dehn LLP, to assist him and his US legal team in his legal battle with the US government. BDO is ...

Indonesian Economist Should Comprehend Accounting
Actually, the idea above is not a new idea. At least, I ever listened to the statement above once from my respectable lecturer, one of HTM Deloitte Indonesia founders in his office when I assisted him in writing an accounting book two years ago.

New accounting firm is coming to Southlake
If a someone is standing in front of a polling place during the next election and intimidating voters, what should the police do? Do nothing because a case involving these circumstances was just dismissed in court.

Business News
Accounting firm promotes Sims to new position RubinBrown recently formed a new Federal Tax Services Group and named Timothy L. Sims, CPA, as the partner-in-charge.

More changes lie ahead for Oregon pension system
Proposed government accounting reforms could potentially deepen funding shortfalls being faced by public pension plans across the United States, including the Oregon Public Employees Retirement System.

BofA Details Incorrect Repo Accounting
Bank of America reportedly discloses details of how it incorrectly classified short-term repurchase agreements, effectively removing debt from its balance sheet.

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CV Retail Launches CounterBooks Online Accounting Software In South Africa
CV Retail has launched its CounterBooks online accounting software for forecourts and convenience stores to retailers in South Africa. The company unveiled the many benefits of CounterBooks at the Engen dealer conference in Sun City. CounterBooks has been designed specifically as fast and easy online accounting software for petrol station forecourt businesses, convenience stores and the FMCG ...

Accounting provides Key to success for Franklin firm
Ten Key Inc. specializes in working with small businesses which need to outsource some - or all - of their books.

New accounting firm is coming to Southlake
If a someone is standing in front of a polling place during the next election and intimidating voters, what should the police do? Do nothing because a case involving these circumstances was just dismissed in court.

Business News
Accounting firm promotes Sims to new position RubinBrown recently formed a new Federal Tax Services Group and named Timothy L. Sims, CPA, as the partner-in-charge.