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Accounting News 03/2011



Judge orders Gosnell to give an accounting of his assets
A Philadelphia judge has ordered jailed abortion doctor Kermit Gosnell not to sell or transfer any of his assets, and to provide an accounting of those assets at a hearing on March 9.

M-Files Integrates With Sage 200 Accounting Suite To Improve Document-Driven Purchasing And Accounts Payable Processes
Motive Systems, the developer of M-Files easy document management software and the cloud-based document management service M-Files Cloud Vault, announces the availability of M-Files for the Sage 200 Accounting suite for UK-based organizations.

DHB Industries Charged With Accounting Fraud
The commission separately charged three of the Miami-based company’s former outside directors and audit committee members, Jerome Krantz, Cary Chasin, and Gary Nadelman, for being ‘willfully blind to numerous red flags signaling the accounting fraud’ that resulted in the company’s payments for the former CEO David Brooks’ luxury cars, jewelry, real estate, art and prostitution services, the SEC ...

Ask accounting grads -- the economy is looking up
During the past two years, we constantly have been bombarded with economic "gloom and doom," and the economic Jeremiahs continue to lament the debt overhang and the high unemployment rate. However, I see the glass as half-full, and getting fuller....

The Vexing But Critical Challenge of Green Jobs Accounting
Getting an accurate accounting of cleantech jobs in the U.S. is nearly impossible. It’s not for a lack of trying. There have been dozens of projects at the national, state and metro level designed to track and quantify cleantech jobs, and to some extent, these attempts have done a decent job.

Financial Studio Accounting implemented worldwide
Singapore - Ghent. March 1 2011. FinArch, international software provider of integrated reporting, finance and risk solutions, announced today that one of the largest banking groups in the world has implemented Financial Studio as a strategic part of its innovative ...

2011 INTERNATIONAL SYMPOSIUM ON ACCOUNTING INFORMATION SYSTEMS
Tilburg University, in cooperation with Maastricht University is pleased to announce the second International Symposium on Accounting Information Systems (ISAIS) starting in the afternoon of April 18th, followed by a full day on April 19th, immediately preceding the 34th Annual Congress of the European Accounting Association.

Research and Markets: The Best Accounting Tips & Techniques for Business Executives for Year-End 2010
Research and Markets has announced the addition of the "The Best Accounting Tips & Techniques for Business Executives for Year-End 2010" audioconference to their offering.

WFT is wallowing in the red after confessing to major tax accounting issues
Today's column includes the latest quarterly results from Hovnanian Enterprises, Inc...( Read More )

Weatherford’s shares drop on accounting woes
Shares tumble 15% on news of a $500 million accounting adjustment.

Do we need national accounting norms?
With the issuance of second-generation accounting standards, accounting practices in India have changed significantly. The Institute of Chartered Accountants of India (ICAI) and the regulators have done a commendable job in catching up with global standards in a short duration.

Are Rule Makers Backing Off New Accounting Standards For Leases?
Two international accounting authorities appear to be moving to scale down proposed new standards that would require landlords and tenants to account for real estate and equipment leases as assets or liabilities on their balance sheets. Many in the commercial real estate industry regard the new rules as onerous, dramatically increasing the complexity of leases for both landlords and tenants. At ...

Business Briefs: Accounting firm celebrates 25 years
The accounting firm of Gary Hart & Associates Ltd. is celebrating its 25th anniversary in business.

ESTABLISHED PROFESSOR OF ACCOUNTING
The National University of Ireland, Galway seeks to appoint a Professor of Accounting within the discipline of Accounting & Finance at the J.E. Cairnes School of Business and Economics, which, in turn, is one of two Schools in the College of Business, Public Policy, and Law. This and other appointments are part of a strategic investment by the University to help further enhance the teaching and ...

Accounting for all variables
These added tax savings are computed for each instance in which a taxpayer -- and his or her spouse -- meets IRS requirements.

Buying Into WFT's Accounting Problem
NEW YORK (TheStreet) -- Stephanie Link, Director of Research for TheStreet, details why investors should not be scared off by Weatherford's disclosure of an accounting problem and how she's buying into this opportunity.

Ford Accounting Move May Add $13B to Profit, Expert Says
Ford Motor Co. (F) , after earning $9.3 billion in the last two years, may make an accounting change this year to reflect confidence in its recovery, a move one tax expert said could add as much as $13 billion to net income.

Weatherford Should Weather This One
While Weatherford has been hit by accounting efforts, calmness is the ideal approach.

Ford Accounting Move May Add $13 Billion to Profit, Expert Says
Ford Motor Co., after earning $9.3 billion in the last two years, may make an accounting change this year to reflect confidence in its recovery, a move one tax expert said could boost its 2011 profit as much as $13 billion.

Accounting and consulting firm adds worker
MaryAnn Wilcox has joined the accounting and consulting firm of Fischer, Hayes & Associates P.C. in Salem. Her work will include consulting, training and assisting clients with Quickbooks accounting software.

Group Set to Address Nonpublic Accounting Standards
The board of trustees of the Financial Accounting Foundation has formed a trustee working group to address the issue of accounting standard-setting for nonpublic entities.

Financial Accounting Foundation Outlines Plans to Address Standard Setting for Nonpublic Entities
The Board of Trustees of the Financial Accounting Foundation announced today the formation of a Trustee Working Group to address the important topic of accounting standard setting for nonpublic entities.

CORRECT (3/2): Weatherford Shares Fall As Tax Accounting Errors Disclosed
(Adds executive comment throughout, updates share price in third paragraph and adds analyst comment in final paragraph.) DOW JONES NEWSWIRES

Mike Mayo's Questions Citigroup Accounting
Mike Mayo's Questions Citigroup Accounting

Pulaski teacher wins $1,000 accounting grant
Bob Coenen, an accounting teacher at Pulaski High School, won a $1,000 accounting careers awareness grant from the Wisconsin Institute of Certified Public Accountants Educational Foundation Inc.

Buying Into WFT's Accounting Problem
Stephanie Link, director of research for TheStreet, says investors should not be scared off by Weatherford's disclosure of an accounting problem.

Accounting Standards Board Chair Appointed
The Accounting Standards Review Board has announced the appointment of Michele Embling as the inaugural Chair of the New Zealand Accounting Standards Board.

Accounting and Finance Hiring Expected to Remain Flat in Q2
Seven percent of CFOs anticipate adding full-time accounting and finance professionals in the second quarter, while another 7 percent plan personnel reductions, according to a new survey by staffing company Robert Half International.

Wolters Kluwer Tax & Accounting Names Thomas Abraham Managing Director for CCH India
RIVERWOODS, IL--(Marketwire - 03/07/11) - Wolters Kluwer Tax & Accounting, the world's largest provider of tax, accounting and audit information, software and services, announced today that Thomas Abraham has been appointed as Managing Director for CCH India, effective immediately. Abraham will report to Russell Evans, President and CEO of Wolters Kluwer Tax & Accounting Asia Pacific. "Thomas ...

FINANCIAL ACCOUNTING FOUNDATION OUTLINES PLANS TO ADDRESS STANDARD SETTING FOR NONPUBLIC ENTITIES
The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the formation of a Trustee Working Group to address the important topic of accounting standard setting for nonpublic entities.

Wolters Kluwer Tax & Accounting Names Thomas Abraham Managing Director for CCH India
RIVERWOODS, Ill., March 7, 2011 /PRNewswire/ -- Wolters Kluwer Tax & Accounting, the world's largest provider of tax, accounting and audit information, software and services, announced today that Thomas Abraham has been appointed as Managing Director for CCH India, effective immediately. Abraham will report to Russell Evans, President and CEO of Wolters Kluwer Tax & Accounting Asia Pacific ...

Bethlehem schools did not follow state accounting rules
New administration promises to fix accounting problems. The Bethlehem Area School District's previous administration did not follow state Department of Education accounting guidelines and implemented a complex computer system that was not fully understood by staff who were entrenched in their old ways, officials said Monday.

Accounting entrepreneur Philip Spagnol was active in church
"Dad was doing tax work up until 17 days before he died," said his son, Tom Spagnol of Moon. "He never wanted to give it up. He loved the interaction with his customers, his clients and the people in the business."

English-Spanish Sage Simply Accounting 2011 Named Top New Entry-Level Accounting Product by Accounting Today
IRVINE, CA--(Marketwire - 03/08/11) - Sage North America today announced that fully bilingual English-Spanish Sage Simply Accounting software was named the Top New Entry-Level Accounting Product of 2011 by Accounting Today, a leading accounting trade publication. Accounting Today reviews the latest and greatest in accounting technology developments annually to determine its list of best new ...

English-Spanish Sage Simply Accounting 2011 Named Top New Entry-Level Accounting Product by Leading US Accounting ...
Accounting Today Includes Canadian-Developed Fully Bilingual Software on List of Top New Products of 2011

English-Spanish Sage Simply Accounting 2011 Named Top New Entry-Level Accounting Product by Accounting Today
Leading Accounting Publication Includes Fully Bilingual Software on List of Top New Products of 2011

Here's Video Of That Quiet Little Accounting Professor Getting Ejected [Video]
# academia Via DC Sports Bog , we finally have video of George Washington accounting professor Robert Kasmir getting disorderly and getting tossed from a game in which he was honored at halftime. If you have any accounting jokes left over from yesterday, now's the time. More »

Walton College Accounting Department Ranked Nationally
FAYETTEVILLE, Ark. - The accounting department of the Sam M. Walton College of Business has been ranked among the top 25 programs in the country by the Commerce Clearing House’s Public Accounting Report. The accounting department’s undergraduate program was ranked in 11 th place in the publication’s 2010 Top 25 Undergraduate Programs – Group II Category. The graduate program was ranked 18 th in ...

CCH Global Integrator Named 2011 Top New International Tax Product by Accounting Today
RIVERWOODS, Ill., March 8, 2011 /PRNewswire/ -- CCH Global Integrator , a leading web-based solution providing global data collection, analysis and tax reporting on a single platform, has been honored by Accounting Today as one of the "2011 Top New Products." Global Integrator's multi-jurisdictional functionality and efficiency in helping companies that do business in multiple locations around ...

Universal Accounting Center Announces its Approval as a QAS Sponsor
Universal Accounting Center , the nations largest training organization for accounting, bookkeeping and tax preparation, today announced its approval as a sponsor of Quality Assurance Service QAS self-study courses. The National Association of State Boards of Accountancy NASBA established QAS to identify the highest quality providers...

ACCOUNTING and TAX SERVICES
Category: Jobs: General User : pinkmudgee Date : Wednesday, 09/03/11 - 10:37AM Description : I provide accounting services for small to medium size companies. If you need to get your accounts done up for yearly submission & audit purposes but you do not want to hire a full time accounting staff ( cost saving reasons), then I am here to help you. My services include: 1) One time yearly ...

Pentagon accounting problems 'serious': Treasury
The US administration is taking a hard look at problems in the Defense Department's accounting, after a report called its books unauditable, the Treasury said Wednesday.

SEC says its accounting problems stem from technology
A lack of investment in crucial technology systems is to blame for material weaknesses identified last year in the U.S. Securities and Exchange Commission's financial statements, top SEC officials said in testimony prepared for delivery to lawmakers on Thursday.

English-Spanish Sage Simply Accounting 2011 Named Top New Entry-Level Accounting Product by Accounting Today
Accounting Today reviews the latest and greatest in accounting technology developments annually to determine its list of best new accounting and accounting-related products.

Accounting for your carbon
CARBON MANAGEMENT , or carbon accounting, is a task that has traditionally been assigned to engineers, scientists and environmental managers within organisations.

Accounting firm opens Beijing office
Friedman, a Manhattan-based accounting firm with offices in Uniondale, officially opened its Beijing location about a month ago, according to managing partner Bruce Madnick. The main business operation at the location will be auditing private Chinese companies looking to go public in the United States, Madnick said. The office is staffed with about 15 Chinese citizens. "We've been [...]

3 Accounting Associations Merge to Form IGAF Polaris
Three international accounting associations—Polaris International, Fidunion and IGAF Worldwide—are merging together to create one of the largest associations of independent accounting firms in the world.

Microsoft still accounting for Japan workers after quake
Microsoft is still accounting for its employees in Japan following Friday's 8.9 earthquake and tsunami. The company does not yet know whether any workers in Japan were injured or possibly killed.

Accounting and Tax Staff Training Helps Businesses Succeed
While staff training sometimes requires a significant investment, the return is found in greater employee retention, morale and overall production, making it a low-risk venture. Universal Accounting Center , the nations largest training organization specializing in accounting, bookkeeping, QuickBooks and tax preparation, offers staff training...

Accounting giant keen to avoid court hearing
Lawyers representing PricewaterhouseCoopers have sought mediation in a bid to prevent a court hearing into a tussle over which out-of-pocket finance company investors will get their hands on $8 million.