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Accounting News 06/2013



Las Terrenas City Hall audited by the government's accounting office
Las Terrenas, Dom. Rep. – The Government Accounts Agency (CC) has recently completed and published a financial audit of Las Terrenas 2010 budget execution. The 96-page report encompasses only the period from 1 January to 31 December of that year ...

Timber Co. Exec's Family Feud Over Accounting Costs Nixed
Law360, New York (May 31, 2013, 6:09 PM ET) -- The ousted director of a family-run timber business lost her bid Thursday to hold her two brothers liable for alleged self-dealing tied to their use of corporate accounting services, after a Delaware judge ...

ANDRIA DENT NAMED PROPERTY ACCOUNTANT, ROCIO LLERENA NAMED ...
ANDRIA DENT NAMED PROPERTY ACCOUNTANT, ROCIO LLERENA NAMED ...

Lawmakers blast ICAC's 'creative accounting'
Lawmakers have expressed concerns over what they called arbitrary and creative accounting by the Independent Commission Against Corruption as they examine expenses for meals and duty visits incurred by its former chief, Timothy Tong Hin-ming. In April ...

HR /Accounting
Early Childhood/Special Ed program needs HR Generalist with Bachelor/s Degree in HR, Business, or related field with experience in HR and accounting. Strong background in employee services including but not limited to recruiting, employee training, ...

Xero Review – Intuitive Accounting Software
Simple accounting errors can be costly to a small business owner, with late penalties and overdraft fees eating away at a company's bottom line. Xero is an online accounting platform that aims to help businesses reduce those types of critical mistakes ...

Audit finds problems with Eagle-Net's accounting
DENVER (AP) - Independent auditors have found problems with the way an entity working to expand high-speed Internet service in Colorado manages its cash and allocates its costs. Findings against the intergovernmental Eagle-Net Alliance were disclosed ...

Accounting body offers to broker SME debt solution
“Ironically, unless these businesses are allowed to grow, their capacity for servicing the debt is diminishing all the time,” according to Joe Aherne, president of the Institute of Certified Public Accountants in Ireland (CPA Ireland). Mr Aherne said ...

Company Announcements: Week of June 3, 2013
The Financial Accounting Foundation (FAF) announced that it has appointed Dr. Terry D. Warfield, PwC Professor in Accounting and chair of the Department of Accounting and Information Systems at the University of Wisconsin, Madison, to the FAF Board of ...

More Insurers Choosing Clearwater to Overcome Investment Accounting and ...
More Insurers Choosing Clearwater to Overcome Investment Accounting and ...

XL Group Celebrates Successful Investment Accounting and Reporting ...
XL Group Celebrates Successful Investment Accounting and Reporting ...

Caprock Home Health Services Upgrades to Sage 300 ERP to Manage ...
Caprock Home Health Services Upgrades to Sage 300 ERP to Manage ...

Changes to lease accounting: What the healthcare industry needs to know
As part of the global effort to establish uniform corporate financial accounting standards, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued a proposal for a new lease accounting standard on ...

EU-wide accounting standards 'could be introduced in stages'
European Union-wide public sector accounting standards could be introduced in stages, according to a Eurostat official. EU European Commission budget surveillance. Photo: iSTOCK. Speaking at a Brussels conference on Thursday, François Lequiller, ...

The SEC Is 'Bringin' Sexy Back' to Accounting Investigations
In the past, the S.E.C. relied mainly on the market to flag accounting problems at companies that would lead to an investigation. Enron's demise, for example, began when questions were raised about its complex reporting of various off-balance-sheet ...

Raytheon defeats government claims arising from changes in cost accounting ...
Raytheon defeats government claims arising from changes in cost accounting ...

SEC charges Paccar with accounting violations
SEC charges Paccar with accounting violations. 0 Comments. Tweet. new. Portfolio Relevance. LEARN MORE. Want to see how this story relates to your portfolio? Just add items to create a portfolio now: X Add. Paccar Inc. (PCAR). Add. Create Portfolio ...

Paccar To Settle Accounting Charges With $225K Penalty
This just in: Engine maker Paccar (PCAR) has agreed to pay a $225,000 penalty to settled SEC charges of accounting deficiencies, according to Reuters. The allegations stemmed from the financial crisis. Paccar was charged with failing to report the ...

PACCAR settles US SEC charges over accounting deficiencies
June 3 (Reuters) - Commercial truck manufacturer PACCAR , based in Washington state, will pay a $225,000 penalty to settle civil charges alleging that accounting deficiencies left investors in the dark during the financial crisis, the U.S. Securities ...

FDIC: US banks reported a record $40.3 billion in accounting gains in Q1 2013
Editor's note: The following press release was issued by the FDIC last week regarding bank accounting gains in the quarter through 31 March. Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported ...

Bay County Animal Control Accounting Problems?
Bay County Animal Control is having to answer some tough questions on Monday. Their ultimate goal is to get animals into good homes, but it looks as if their accounting may need some work. A lot of people across Bay County say there's some confusion ...

Android accounts for more than half the smartphone market in China
We've reported in the past that China is one of the fastest growing markets for smartphones, with demand seemingly multiplying on a daily basis. So naturally, this is one big market that most, if not all, players in the mobile world have their eyes on ...

IASB eases fears over hedge accounting for CCP novations
Derivatives users should be able to clear trades without losing hedge accounting treatment after the International Accounting Standards Board (IASB) tentatively agreed on May 22 to widen the scope of guidance it sketched out in February – a decision ...

IRS Proposes Changes To Retail Inventory Method Of Accounting
The Treasury Department has proposed certain changes to the retail inventory method (RIM) pursuant to the regulations under I.R.C. § 471. Treasury has solicited comments on proposed changes to Treas. Reg. §1.471-8, which would alter the manner in ...

Paccar to Pay $225000 Accounting Fine, SEC Says
Paccar Inc. will pay a $225,000 penalty for accounting inaccuracies in its 2009 financial filings, the Securities and Exchange Commission said. The Bellevue, Wash., truck and engine maker did not admit or deny any charges but agreed to pay the fine ...

Accounting firm anniversary celebration to benefit Honor Flight
Employees of Clark Schaefer Hackett are celebrating the public accounting firm's 75th anniversary by raising money to send 75 veterans to Washington, D.C., with Honor Flight to see national war memorials. Clark Schaefer Hackett was founded in ...

Cabinet, legislature pass buck on Accounting Act
Both the administrative and legislative branches of government yesterday refused to take responsibility for correcting an omission in an amendment to the Accounting Act (會計法) that means a large number of professors could still face prosecution for ...

Groundbreaking CCH Axcess Wins 2013 Technology Innovation Award in Tax ...
Groundbreaking CCH Axcess Wins 2013 Technology Innovation Award in Tax ...

Labor Department predicts major job growth in accounting, trucking, customer ...
Labor Department predicts major job growth in accounting, trucking, customer ...

Intuit Practice Management Helps Accountants Better Manage Their Practice ...
Intuit Practice Management Helps Accountants Better Manage Their Practice ...

Accounting Management Solutions Expands Nonprofit Practice
WALTHAM, MA--(Marketwired - Jun 4, 2013) - Accounting Management Solutions, Inc. (AMS), the leading resource for outsourced accounting and financial management services in the Northeast, today announced the addition of Jason Solomon to the ...

Intuit introduces new web-based practice management system for accounting firms
LOS ANGELES – On Monday, Intuit ijntroduced its new, completely online practice management system for accounting firms. Intuit Practice Management is designed to help accounting professionals more efficiently manage their workflow, engagements and ...

Buyers and sellers can bridge gap with earnouts, but must know accounting rules
If we throw in one additional wrinkle — the fact that the sellers must still be employed by the acquirer for a certain period of time (typically until the earnout payments are made) — generally accepted accounting principles (GAAP) actually preclude ...

Accounting & Financial Women's Alliance and AWSCPA Announce 2013 Best ...
Accounting & Financial Women's Alliance and AWSCPA Announce 2013 Best ...

WILLIS GROUP HOLDINGS PLC : Willis Aims to Double E-Accounting ...
WILLIS GROUP HOLDINGS PLC : Willis Aims to Double E-Accounting ...

No debating it: Business prof shows students that accounting is more than ...
No debating it: Business prof shows students that accounting is more than ...

RBI committee suggests changes in accounting of central bank balance sheet
The proposed change in accounting treatment in line with the international best practices is expected to stabilise the balance sheet. By treating repo transactions as investment, it factors in daily changes in the bond prices which technically results ...

Inform investors about restatement of accounts: Sebi to companies
MUMBAI: Seeking to push the companies to act on issues flagged by their auditors, market regulator Sebi today asked them to immediately inform the investors about any restatement of their books of accounts necessitated by points raised by the audit ...

UK accounting watchdog may get competition remit
LONDON, June 5 (Reuters) - Britain's accounting regulator could be enlisted to help end "Big Four" dominance of blue chip company book-keeping, the UK competition watchdog has said. The accounts of most top UK companies are checked by PwC ...

Baker Tilly Virchow Krause, LLP Publishes "Revised lease accounting exposure ...
Baker Tilly Virchow Krause, LLP Publishes "Revised lease accounting exposure ...

Tories fought with Elections Canada over accounting for MPs' campign spending
OTTAWA — The Conservative Party aggressively fought against Elections Canada over accounting issues in an attempt to keep election spending by two MPs under the legal limit and avoid a potentially embarrassing investigation. In April, the party called ...

Changes to Lease Accounting Standards Could Affect Construction Industry
A majority of U.S. companies across a wide spectrum of industries lease equipment and real estate as part of their day-to-day operations. Currently, operating leases are not reported on companies' balance sheets; they are typically included in the ...

ICC Calls for Nicor Gas to Compensate from Accounting Scandal
CHICAGO (WIFR) -- The Illinois Commerce Commission has ruled that Nicor Gas must refund customers more than $72 million in a more than decade-old accounting scandal. The figure is $9 million more than Nicor Gas agreed to pay in a February 2012 ...

Accounting of US Marshals Service expenses questioned
A government report Wednesday found significant deficiencies in how the U.S. Marshals Service accounts for overtime and supplemental pay for law enforcement officers; identifies more than $275,000 in unsupported costs associated with district-level ...

Town Finances Better, Accounting Problems Remain
But the report also showed four problem areas in the town's accounting systems all of which are repeat of problems from past years, Ramos said. They are: The general ledger was $3,000 off from bank statements recording Lake Hamilton's cash reserves ...

Pine Ridge accounting students place 2nd in national competition
DELTONA – The Pine Ridge High School accounting team, “Account For It,” is celebrating placing second in a national competition – the 2013 project Innovation: The Start Here, Go Places Competition of Creative Excellence. The team, consisting of ...

Employers Say General Business Knowledge Most Important Attribute for ...
Employers Say General Business Knowledge Most Important Attribute for ...

DPP leader meets premier on Accounting Act error
Taipei, June 6 (CNA) Democratic Progressive Party (DPP) Chairman Su Tseng-chang called on with Premier Jiang Yi-huah Thursday to request a correction to an amendment of the Accounting Act. Jiang rejected the proposal. The meeting between Su and ...

Research and Markets: Coal Industry in China - Accounting for 70% of China's ...
Research and Markets: Coal Industry in China - Accounting for 70% of China's ...

Karen Abramson appointed as new CEO for Wolters Kluwer Tax & Accounting ...
Karen Abramson appointed as new CEO for Wolters Kluwer Tax & Accounting ...