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Accounting News 05/2012



Tax & accounting sales drive Thomson Reuters profit
While the legal and tax & accounting divisions lifted overall results, the company's business serving the financial industry remains under pressure from layoffs and other cost cuts at banks. The company said first-quarter revenue at its Financial ...

SiriusXM Reports First Quarter 2012 Results
The purchase price accounting adjustments include: (i) the elimination of deferred revenue associated with the investment in XM Canada, (ii) recognition of deferred subscriber revenues not recognized in purchase price accounting, and (iii) elimination ...

University of Michigan-Flint adding master's degree in accounting - The Flint Journal
By Blake Thorne | [email protected] FLINT, MI -- The University of Michigan-Flint's business school is adding a master's program in accounting to its offerings. The Master of Science in Accounting will be a 150-credit-hour program designed for ...

Amazon: Tricky Accounting And A Fundamentally Overvalued Stock
What's accounting for the balance? An after-tax adjustment amounting to $89 million coming from equity-method investment activity, or the oldest accounting trick in the book, which alone added $0.19 cents to the EPS number, or about 95% of the entire ...

Robert Half Survey: Fewer Employers Reimbursing Staff for Continuing Education ...
Robert Half Survey: Fewer Employers Reimbursing Staff for Continuing Education ...

iXBRL Guidelines from DataTracks Featured on Accounting Web
The article in Accounting Web captured many observations from practicing accounting professionals based on their experience in iXBRL filing in the first year. The complete whitepaper is downloadable as a free guide through the same article upon ...

Intacct Receives Top Rating from CPA Practice Advisor
SAN JOSE, Calif., May 1, 2012 /PRNewswire via COMTEX/ -- Intacct, a leader in cloud financial management and accounting software, today announced that CPA Practice Advisor has awarded Intacct a rating of "Five Stars" as part of its 2012 Review of ...

Finance and Accounting Outsourcing to Rebound
By Michael Cohn, Accounting Today The finance and accounting outsourcing market is expected to rebound this year, with 10 to 15 percent growth, following a slowdown last year. Last year, the annual contract value for multi-process finance and ...

5 'Noisy' Banks and What They Really Earned
It was a noisy fourth quarter for banks, filled with complicated accounting and unusual one-time charges that muddied the earnings picture for even the most experience investors. And most analysts agree it will only get harder to understand how US ...

Grant Thornton CEO Chipman Sees IFRS Decision Coming
By Michael Cohn, Accounting Today With the G-20 finance ministers having given accounting standard setters a new deadline of mid-2013 to get their convergence work done, the Securities and Exchange Commission is under fresh pressure to reach a decision ...

How the right accounting firm will help your business grow stronger every year
Here's a litmus test to determine whether your accounting firm is providing the level of service and expertise your business needs to grow and succeed. Ask yourself: Are you a better company today than you were a year ago? “The right accounting firm ...

Sikich Celebrates 30 Years of Service & Entrepreneurship
NAPERVILLE, IL, May 01, 2012 (MARKETWIRE via COMTEX) -- Today, Sikich LLP, a leading accounting, advisory, technology, and managed services firm, is proud to celebrate 30 years servicing its clients. The roots of this modern firm go back to 1928 with a ...

UBS 1st-period net down on accounting loss
By Anita Greil ZURICH -(MarketWatch)- UBS AG's (NYSE:UBS) first-quarter net profit fell from a year earlier because of an accounting loss on its own debt, but it said it saw a "partial recovery" in client activity levels and improved inflows in ...

Meaden & Moore, LLP Expands with Boston Office
CLEVELAND, May 2, 2012 /PRNewswire via COMTEX/ -- The regional accounting and business consulting firm of Meaden & Moore today announced the expansion of its Investigative Accounting Group into New England with the opening of its new Boston office and ...

Capella University Announces Six Shared Doctoral Business Specializations
Both the online PhD in Business Management and the Doctor of Business Administration (DBA) will now offer specializations in Accounting, IT Management, and Project Management. As of March 31, 2012, more than 37000 students are pursuing an online degree ...

AICPA Scholars Program Aims to Increase Accounting PhD Faculty
She left her secure, and relatively much more lucrative, career in the firm to pursue a PhD in accounting at Bentley University in Boston, Massachusetts, through the American Institute of Certified Public Accountants (AICPA) Accounting Doctoral ...

An (Almost) Unnoticed $497 Million Accounting Error
One telltale sign of a bull market is that investors don't care as much about dodgy corporate accounting practices. A case in point: the public reaction -- or lack thereof -- to a financial restatement disclosed late yesterday afternoon by Williams ...

Angie MacPhee Named CEO Of RGL Forensics
RGL Forensics announced today that Angie MacPhee, CPA, MBA, has been named Chief Executive Officer of the international forensic accounting firm. Denver, CO (PRWEB) May 03, 2012 RGL Forensics announced today that Angie MacPhee, CPA, MBA, has been named ...

ELFA Statement on the Status of the FASB/IASB Lease Accounting Project
May 2, 2012--In the latest developments on the Financial Accounting Standards Board (FASB)/International Accounting Standards Board (IASB) Leases Project, the Boards have conducted outreach meetings with the main objective of changing the lessee cost ...

Rootstock Software and FinancialForce.com Announce Partnership to Deliver ...
Rootstock Software and FinancialForce.com Announce Partnership to Deliver ...

Sunergy Announces That it Has Changed Audit Firms: An 8-K to Follow
The Board has dismissed De Joya Griffith and Company, LLC as the registered principal accountants of our Company and has appointed Ingenium Accounting Associates of Reno, NV as our new registered principal accountants. We have had a good working ...

Illinois CPA Society Appoints 2012-2013 Board of Directors
Board members are accomplished individuals who represent various accounting segments and are extremely dedicated to the profession. James P. Jones, CPA, Executive Vice President, Edward Don & Company, North Riverside, IL William P. Graf, CPA, Partner, ...

Capital Group Holdings, Inc. Retains BDO Alliance Member, Semple, Marchal ...
Capital Group Holdings, Inc. Retains BDO Alliance Member, Semple, Marchal ...

Astros and Former Shell Executives to Address Houston CPA Society Conference
Both luncheons begin at 11:40 am Registration for the professional development event begins both days at 7:15 am, and the sessions run until 5 pm Postolos will talk about the Astros' future with an emphasis on management, marketing, accounting and ...

Fitch: Scrutinizing Accounting Disclosures Improves Analysis of US Corporate ...
Fitch: Scrutinizing Accounting Disclosures Improves Analysis of US Corporate ...

I Remember...
I Remember...

State auditor asks for accounting of hotel tax collections in Horn Lake | The ...
State auditor asks for accounting of hotel tax collections in Horn Lake | The ...

Fitch: Scrutinizing Accounting Disclosures Improves Analysis of U.S. Corporate ...
Fitch: Scrutinizing Accounting Disclosures Improves Analysis of U.S. Corporate ...

The Selective Implementation of the Country's CPA and Today's Crisis Along the ...
The Selective Implementation of the Country's CPA and Today's Crisis Along the ...

Fair Value Accounting Haunts Banking Sector
“We wouldn't be a bank if we didn't have some interesting accounting charge below the line,” said RBS Chief Executive Stephen Hester. Once again this accounting charge is muddling bank reporting figures this quarter. “Fair value” of own debt means that ...

GreenCell Announces New Chief Financial Officer
Ms. Powell Joseph is an accomplished senior-level accounting and information systems executive. With clear vision, innate business acumen, and big-picture perception, Ms. Powell Joseph has led organizations through developmental stages to full market ...

Fiscal tricks tempt treasurers chasing budget day treats
When governments discover their self-imposed budget targets are harder to achieve than they expected, they face an almost irresistible temptation to cover the gap with a little creative accounting. As we wait to see on Tuesday night the herculean ...

AICPA: 2011 Elijah Watt Sells Award Winners Announced
Andrea Betassa (Washington), a University of Washington graduate with a BA in Business Accounting and a Master of Professional Accountancy, is employed with Deloitte in Seattle. · Derek Bronsky (New Jersey), a graduate of Baruch College with a Bachelor ...

Groupon Loses Half of Value Since IPO on Accounting Woes
Groupon Inc. (GRPN), the biggest online coupon company, has lost half its value since a November initial public offering amid concern over its ability to translate growth into profit while rectifying accounting missteps. The company fell 3.3 percent to ...

Groupon Loses Half Its Value Since IPO
By Danielle Kucera on May 04, 2012 Groupon Inc. (GRPN) (GRPN), the biggest online coupon company, has lost half its value since a November initial public offering amid concern over its ability to translate growth into profit while rectifying accounting ...

ECCU Accounting Professionals Receive training on IFRSS
By Drizel Hanley Over 70 accounting professionals from across the Eastern Caribbean Currency Union (ECCU) member countries are currently participating in the second Train the Trainers Workshop on the International Financial Reporting Standards (IFRSs), ...

Sharpsburg student wins scholarship from accountants
Brittni Henson of Sharpsburg was one of three University of West Georgia accounting students awarded scholarships by the West Georgia Chapter of the Georgia Society of Certified Public Accountants (GSCPA). Those receiving scholarships are Orlando ...

Members of NJSCPA appointed to New Jersey Board of Accountancy
“We are especially pleased to see that the appointees represent a broad cross section of the accounting profession including national firms, statewide firms and government accounting specialists,” says Ralph Thomas, CGMA, Executive Director for the ...

Senators press for CPA changes adopted by House
By Michael Norton / State House News Service Thirteen state senators, four Republicans and nine Democrats, have signed a letter calling on Senate budget writers to embrace House-approved changes aimed at shoring up the finances for the popular ...

Accounting bodies take aim at financial planners
Klipin empathised with the frustrations of the accounting bodies in their negotiations with the Government, but he objected to their description of the planning industry. "They seem to have misunderstood the role of financial advisers, ...

Final words from graduating PUC students
Accounting and Finance major Asia Dumas wants to be a staff accountant after graduating, but has not found her first job yet. She has been a part of the Finance and Accounting Club for two years. “We have some great teachers. They are really invested ...

Chaplain deal adds up for accounting major - Daily Mail
Christina Smith Douglas, who triple-majored in accounting, finance and business and has said she has wanted to be an accountant since she was 10, recently had a change of heart. She now plans to attend Liberty University to become an Army chaplain. by ...

China-US Summit Avoids Showdown On Audit Inspections
The two sides said they supported “the objective of a single set of high quality global accounting standards.” But the thorny issue of US oversight of Chinese audits of US-listed companies wasn't directly addressed. This matters greatly for investors ...

Towers Watson Reports Third Quarter Earnings
Adjusted EBITDA excludes transaction and integration expenses, non-cash stock-based compensation arising from the merger and a change in accounting method for pension. Net income attributable to controlling interests for the third quarter of fiscal ...

AFLAC INC - 10-Q - Management's Discussion and Analysis of Financial Condition ...
AFLAC INC - 10-Q - Management's Discussion and Analysis of Financial Condition ...

Stock Analysts Gain Critical Insight into Oil & Gas Company Financial ...
Stock Analysts Gain Critical Insight into Oil & Gas Company Financial ...

Avotus Unveils Next Generation Call Accounting Solution: Intelligent ...
Avotus Unveils Next Generation Call Accounting Solution: Intelligent ...

United Fire Reports First Quarter 2012 Results
(2) The Measurement of Results section of this release defines data prepared in accordance with statutory accounting practices, which is a comprehensive basis of accounting other than US GAAP. -- Acquisition of Mercer Insurance Group - Total net ...

Get A Free iPad 2 With Yaeger Cpa Review's Revolutionary 2012 Product Line
Yaeger CPA Review believes there's a better way to approach the CPA exam Frederick, MD (PRWEB) May 07, 2012 With Yaeger's ongoing celebration of its 35th anniversary (and the launch of the myYaeger student portal), Yaeger is gifting iPad 2's to any ...

W. P. Carey Announces First Quarter Financial Results
NEW YORK, NY, May 07, 2012 (MARKETWIRE via COMTEX) -- Investment firm WP Carey & Co. LLC (NYSE:WPC) today reported financial results for the first quarter ended March 31, 2012. -- Funds from operations -- as adjusted (AFFO) totaled $40.1 million or ...