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Accounting News 07/2012



A.J. Brackins, C.P.A., P.A. Merges with Certified Public Accounting Firm ...
A.J. Brackins, C.P.A., P.A. Merges with Certified Public Accounting Firm ...

How to stock up on tax inventory savings and improve your business's financial ...
How to stock up on tax inventory savings and improve your business's financial ...

CPA Social Media Marketing Program Offered by Social Media Consulting Firm ...
CPA Social Media Marketing Program Offered by Social Media Consulting Firm ...

Political challenge to mark-to-market accounting gains pace
A backlash against mark-to-market accounting, often blamed for fuelling the banking crisis by inflating profits during the credit boom, is gathering force. Last week, Financial News revealed that eight institutional investors had requested an inquiry ...

Safe Harbor Accounting Located in Deerfield Beach Informs the Community About ...
Safe Harbor Accounting Located in Deerfield Beach Informs the Community About ...

Omnivest Global Acquires the Portfolio Management and Accounting Technology of ...
Omnivest Global Acquires the Portfolio Management and Accounting Technology of ...

Company Announcements: Week of July 2, 2012
Lattimore Black Morgan & Cain, PC (LBMC), founded in 1984 as a traditional accounting firm, has expanded its focus to meet a broad range of financial, human resources, and technology needs for its diverse client base. LBMC has announced the following ...

No accounting wrong doing in Reebok, says auditor
NEW DELHI: Reebok's auditor N Narasimhan & Co has informed the ICAI the there was no accounting wrong doing in the company which has filed Rs 870-crore fraud case against two of its former employees. "Narsimhan & Co has said they are both the tax ...

Lartis Consulting Group Delivers Purpose-built ECM to Acomba Accounting ...
Lartis Consulting Group Delivers Purpose-built ECM to Acomba Accounting ...

Artificial Neural Networks and Case-Based Reasoning Systems for Auditing
By Henry Chao and Dr. Paul Foote Current techniques used by auditors and taught to accounting students to evaluate financial statement information involve audit sampling and performing analytical procedures such as financial ratio analysis and ...

AICPA Announces Expansion of ThisWaytoCPA.com to Include International Students
ThisWaytoCPA.com is a companion to the AICPA's popular website, StartHereGoPlaces.com, which educates high school students about the accounting profession. With the recently announced Exam Prep App, AICPA has made preparing for the Uniform CPA Exam ...

Q&A: For Accounting Rule Makers Costs Are Clear, Benefits Murky
Accounting rule makers say it is often easier to quantify the costs of new standards or rules to businesses than it is to put a number on the benefits that might flow to investors and other stakeholders. “If we can get a reasonably clear picture of ...

Galaxy Gaming Selects Gary Vecchiarelli as Its New CFO
"With over 12 years of accounting and finance experience working with middle market companies, Gary understands our needs and brings a balance of prior public accounting and audit experience combined with practical corporate financial savvy," stated ...

Lartis Consulting Group Delivers Purpose-built ECM to Acomba Accounting ...
Lartis Consulting Group Delivers Purpose-built ECM to Acomba Accounting ...

ICPAS Scholarships Support Future CPAs
By Deanna C. White The Illinois CPA Society (ICPAS) made the road for twenty-three accounting students from multiple colleges throughout the state of Illinois, much smoother this spring when it awarded $47000 in scholarships to help them pursue their ...

Men's Wearhouse Announces Departure Of Chief Financial Officer
Diana Wilson, age 64, who is a Men's Wearhouse's Executive Vice President and has also served as Chief Accounting Officer for the past nine years, will succeed Davis as Interim Chief Financial Officer and will work closely in the area of investor ...

Firm completes peer review
Mack and Associates, PC announced that it has successfully completed a rigorous peer review of its accounting and auditing practice. The reviewer concluded that the firm's system of quality control for the accounting and auditing practice in effect for ...

Marcum creates accounting practice targeting gay, non-traditional couples
Accounting firm Marcum established a practice focused on LGBT and other non-traditional families to help these clients navigate the complex and often-changing tax and financial landscape. The practice is headed by Nanettee Lee Miller, who is based in ...

State Farm's Ziemann Elected IASA President
The Insurance Accounting & Systems Association Inc. (IASA) has elected Louise Ziemann of State Farm to serve as president of the association for the 2012 – 2013 fiscal year. Ziemann holds both the CPCU and CLU designations, and is a finance manager for ...

Proper accounting a must for Manatee County Sheriff's Office
This sloppy accounting did not amount to the crime of embezzlement, according to Shore's investigation, but his report still reflects poorly on a law enforcement agency that must exercise strong internal controls. To his credit, Steube not only ...

Peirce College's Class of 2012 Includes the First Graduates of Its New ...
Peirce College's Class of 2012 Includes the First Graduates of Its New ...

Accounting News Roundup: Barclays CEO Is Out; Microsoft's Write-off; An ...
Accounting News Roundup: Barclays CEO Is Out; Microsoft's Write-off; An ...

FASB Proposes New Standards on Liquidity and Interest Rate Risk
by Karen M. Kroll If your organization uses financial instruments, you'll want to pay attention to a recent proposal by the Financial Accounting Standards Board (FASB) to update the accounting standards covering the liquidity and interest rate risks ...

CPA to Serve on State Association Committees
Teets will continue to serve on the Construction Industry Committee, the CPAs in Industry Committee and the Florida Gulf Coast University Accounting & Tax Committee. Teets is the owner of FD Teets, Jr., CPA, CMA, concentrating on professional ...

Renton's Merrill Carlson merges with California accounting firm
By DEAN RADFORD A longtime Renton certified public accounting firm, Merrill Carlson PLLC, has merged with a California accounting firm, GALLINA LLP. Kirk Merrill, a founding partner in Merrill Carlson, formed his certified public accounting business in ...

Premier Utah CPA Firm Launches New Website Tannerco.com
With its new and improved web presence, Tanner has made resources more accessible for clients and accounting professionals. Tanner continues to build its reputation as the premier accounting firm in Utah and a reliable and trustworthy source of ...

TIM4biz Cloud-Based Call Accounting Leader Celebrates 7th year
Cloud computing company TIM4biz.com, who are at the fore-front of hosted call accounting solutions, are proud to announce their 7th year in the cloud. Perth, Australia, July 04, 2012 --(PR.com)-- Also known as hosted or web-based call accounting, ...

Accounting? There's an app for that
Pastel's My Business Online accounting service is now available as an application for Samsung mobile devices. By Craig Wilson. Accounting software company Softline Pastel has released an Android application for its My Business Online cloud-based ...

The underbelly of Chinese accounting
But to this stoush, we can now add the stand-off between the China and the US over accounting standards. This issue has been going on for a few years and there looks to be no resolution in sight. In fact, Chinese firms could be cut off from US capital ...

Acquired accounting base exceeds advice growth
By Krystine Lumanta The client base and revenue of an acquired accounting practice can be grown faster than the advisory side, JNP Capital's director says. The acquisition of an accounting firm by a financial planning practice is a beneficial strategy ...

TIM4biz Cloud-Based Call Accounting Leader Celebrates 7th Year
Cloud computing company TIM4biz.com, who are at the fore-front of hosted call accounting solutions, are proud to announce their 7th year in the cloud. Perth, Australia, July 04, 2012 --(PR.com)-- Also known as hosted or web-based call accounting, ...

Speech by Hans Hoogervorst to FACPCE, Argentina
The big economies of the region have accepted IFRS and have become strong supporters of global accounting standards. You are in very good company. From this year more than two thirds of the members of the G20 require the use of IFRS, while almost half ...

Florida Accounting Firm, It All Adds Up, Hires New Operations Manager Kristi ...
Florida Accounting Firm, It All Adds Up, Hires New Operations Manager Kristi ...

This Company's Management And Accounting Practises Obscure Business Evaluation
Acquisition accounting is generally a minefield for investors and offers management a variety of ways in which to boost performance and hide problems. JAH management's accounting policies and public statements seem designed to hide the impact of the ...

Bloomberg BNA | CITE Offers Primer on Basic Tax Accounting Principles and ...
Bloomberg BNA | CITE Offers Primer on Basic Tax Accounting Principles and ...

Wells Fargo Boosts Bank Earnings Views (On Accounting Moves)
Instead, the firm decided to increase its estimates because of the increased likelihood that the banks will record accounting gains tied to the value of their outstanding debts. These accounting moves, known as DVA and CVA, are adjustments the banks ...

Rihanna Sues Former Accounting Firm over Mismanagement
In the lawsuit filed in Manhattan federal court, the 24-year-old singer and her tour company, Tourihanna, are seeking an unspecified amount of compensatory damages and loss of earnings from accounting firm Berdon LLP and former employees Michael ...

Company size, complexity best filters for financial applications
In today's global, highly regulated business environment, core accounting applications and financial management software play a more important role than ever in keeping organizations operating efficiently. As a result, today's financial applications ...

Firm Administrator at HBLA Certified Public Accountants, Inc. Receives ...
Firm Administrator at HBLA Certified Public Accountants, Inc. Receives ...

Accountants Mismanged Her Money, Rihanna Says
In 2005, when she was 16, Fenty says she hired Berdon for accounting and business management services, and extended their agreement in 2007 and 2009. She continues: "On February 1, 2010, Fenty entered into a fourth written engagement agreement with ...

Thought Leader Named First Winner of Maximo Mukelabai Award
Donny Shimamoto, CPA, CGMA, CITP, has been named the inaugural winner of the Maximo Mukelabai Award by the American Institute of CPAs for his contributions to the accounting profession and his exceptional community service. Shimamoto is the founder and ...

People News -- July 6
... a retired vice president at Kellogg & Andelson Accountancy and past chair of CalCPA, received the Distinguished Service Award for 2012; and accounting professors Dr. Robert Yetman, of the University of California, Davis, and Dr. Mahmoud Nourayi, ...

Delay Seen (Again) For New Rules on Accounting
By MICHAEL RAPOPORT A long-awaited US decision on whether to switch to global accounting standards—a holy grail for many companies with overseas operations—is likely to be delayed until next year. After weighing the issue for nearly 2½ years, ...

School accounting falls short, grand jury says
Some of the accounting discrepancies have already been reconciled, and others will be, later this year or next year, Hammel told grand jurors. But future grand juries and the district attorney should continue to check on the school district's ...

Sberbank First-Half Net Rises 7% to Russian Accounting Standards
OAO Sberbank (SBER) increased net income under Russian accounting standards in the first half of the year to 183 billion rubles, the company said on its website. To contact the reporter on this story: Brad Cook in Moscow at [email protected] To ...

The Sleeter Group's Accounting Technology Road Show Offers Innovative ...
The Sleeter Group's Accounting Technology Road Show Offers Innovative ...

Major Accounting Firm Leases Office Space In Woobridge
WOODBRIDGE — EisnerAmper, one of the country's largest accounting, tax and advisory firms, has leased 87000-square-feet of office space at MetroTop Plaza II, a newly constructed 255000-square-foot class A office building in Woodbridge, according to ...

Bober Markey Fedorovich Receives Best Quality Report from PCAOB
AKRON, Ohio, Jul 06, 2012 (BUSINESS WIRE) -- Bober Markey Fedorovich (BMF), a regional public accounting and business advisory firm with offices in Akron and Cleveland, received the best quality inspection report possible from the Public Company ...

In 2006, Romney Called The Same Unfair Accounting He Uses To Assess Obama's ...
In 2006, Romney Called The Same Unfair Accounting He Uses To Assess Obama's ...

Business now offers fully online accounting degrees
He told Lary Cowart, Ph.D., interim chair of Accounting & Finance, that he wanted more. “He wanted to become a CPA (Certified Public Accountant) to go along with his MBA, but the travel required for his job didn't enable him to take traditional ...