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Accounting News 09/2015



Master's in Accounting
The Master of Science in Accounting program is designed for students who have completed their undergraduate accounting degree and who seek to enhance their professional and technical skills through an advanced degree in accounting. Pursuing an M.S. ...

Swaps, Stocks and Accounting Clubs
Remember swaps push-out? There was going to be a rule requiring big banks to move a tiny portion of their derivatives out of their insured bank subsidiaries and into their broker-dealer subsidiaries. I always thought that this was entirely symbolic ...

Paychex Sees Dip in Small Business Jobs in August
“Certainly accountants help out with these new regulations, like the overtime rules that are out for discussion right now. Minimum wage rates have gone up in about 22 different states in the last year or so. You are seeing more regulations that come ...

Banks to face €61.5bn hit from new accounting rules, says report
New accounting rules could force Europe's top banks to recognise an extra €61.5bn in loan losses, new analysis shows, as a major UK pensions group has warned that bank accounting is not fit for purpose. Analysts at Barclays have calculated how 27 of ...

Randstad: Finance, accounting workers highly confident in ability to find new job
Randstad US reported finance and accounting professionals are “exceptionally confident in regards to their personal employment situations.” The Atlanta-based wholly owned subsidiary of Randstad Holding nv reported its Randstad Professionals' Finance ...

Accounting Shenanigans at the UAE's Etihad Airways
One is never comforted when the words "accounting", "gimmicks" and "shenanigans" all appear together, especially when one is discussing our nation's major international trade partners. But it's become glaringly clear that these descriptors ring true ...

New accounting service opens in Delphos
Submitted photo TriCounty Accounting & Tax Services in Delphos celebrated its grand opening Tuesday. Participating in the ribbon-cutting are, from left, Delphos Area Chamber of Commerce Executive Director Tara Krendl, Chamber President Janet Metzger, ...

The Accounting Terms You Need to Know
"You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting -- how to read and interpret ...

Investor raises questions about accounting, records at Pittenger land company
A lawyer and a CPA in Greensboro are raising questions about the accounting and recordkeeping at U.S. Rep. Robert Pittenger's former real estate firm, as part of an effort to collect more information for the company's investors. Pittenger, a Charlotte ...

Doris Jean Adams Scott, 77, worked in accounting for an electronics firm
Doris Scott, who worked in accounting for the James G. Biddle Co., distributors of electronic components, died after a battle with breast cancer. She lived in North Philadelphia. While working full-time, Doris took courses in accounting at La Salle ...

Accounting Salaries Expected to Rise Next Year
Average starting salaries in accounting and finance are expected to rise 4.7 percent next year, according to a new salary guide from the staffing company Robert Half. The 2016 Salary Guide forecasts steady demand for professionals such as business ...

Banks should not be able to game accounting rules
When it comes to banks, bad accounting practices can contribute to financial instability. Booms flatter their measured profitability, which encourages them to take more assets on to their balance sheets. Thus leverage begets more leverage throughout ...

6 Strategies for a Stellar Site
An effective, inviting website is one of your accounting firm's most powerful marketing assets. You can make yours even stronger by following these tips, but there are plenty of further options as well. Are there other strategies that have made a big ...

What's In and What's Out in Accounting Marketing?
To compete, high growth accounting firms are spending more on average for in-house marketing staff, but their marketing budgets aren't much higher than the budgets of low-growth firms. That's because they are spending their marketing dollars ...

The Latest Trends in Accounting Marketing
To compete, high growth accounting firms are spending more on average for in-house marketing staff, but their marketing budgets aren't much higher than the budgets of low-growth firms. That's because they are spending their marketing dollars ...

Cooper Standard appoints chief accounting officer
NOVI, Mich.—Cooper Standard Holdings Inc., parent company of Cooper Standard Automotive Inc., has appointed Jonathan P. Banas as its vice president, corporate controller and chief accounting officer. Banas spent 11 years with ZF TRW—formerly TRW ...

Oversight CEO to Present at American Accounting Association Conference
ATLANTA, Sept. 2, 2015 /PRNewswire/ -- Patrick Taylor, Co-Founder and CEO of Oversight Systems, the leading operational expense solution, is set to speak at the annual American Accounting Association conference in New York City. Taylor will deliver his ...

Using accounting methods to screen reality of war
In a new book, ”Accounting at War,” Michele Chwastiak, an associate professor of Accounting at the University of New Mexico and Warwick Funnell, a professor of Accounting and Public Sector Accountability and Head of Accounting and Finance Group at ...

Breather for India Inc: NACAS gives nod for deferral of new Accounting Standards
At the same time, an option for earlier adoption of the Ind AS standard similar to the IASB's decision will be welcomed by those companies not preferring to make accounting changes twice. It also needs to be seen as to what will be the new effective ...

VonLehman & Company moves up in publication's national ranking of top ...
VonLehman & Company moves up in publication's national ranking of top ...

Sage Accounting Software Grows Ecosystem To Bring New Technology To Small and ...
Sage Accounting Software Grows Ecosystem To Bring New Technology To Small and ...

Rise in US accounting salaries accelerates
Average starting salaries for U.S. accounting professionals will increase in the coming year between 4.0% and 5.3% over the previous year, depending on the job position, according the 2016 Salary Guide released this week by staffing services provider ...

Catalog Will Review Accounting Firm Site Designs
Greenfield/Belser, a company that designs websites for professional services firms, is launching a catalog and review of 200 accounting, consulting and law firm websites next week. The new service, “site visits,” aims to provide a resource for ...

ACMUA threatens to sue their accounting firm
The development follows a June report the accounting firm produced calling for the MUA to generate millions of dollars in new annual revenue for Atlantic City. MUA director G. Bruce Ward said Thursday that he wouldn't discuss the scope or details of ...

AC MUA threatens to sue accounting firm
The development follows a June report the accounting firm produced calling for the authority to generate millions of dollars in new annual revenue for Atlantic City. The authority's director G. Bruce Ward said Thursday that he wouldn't discuss the ...

State audit shows accounting discrepancies at Fairview High School in Cullman ... - WBRC FOX6
State audit shows accounting discrepancies at Fairview High School in Cullman ...

Deceptive Accounting Used by Verizon: Wired 'Access Lines' Have Been ...
Deceptive Accounting Used by Verizon: Wired 'Access Lines' Have Been ...

Matthew Goldstein writes that attorneys for the Dewey execs are feeling pret ...
Matthew Goldstein writes that attorneys for the Dewey execs are feeling pret ...

Parent Company of Sleeter Group Acquires London Accounting Conference
Diversified Communications, has acquired Accountex, a UK-based tradeshow and annual exhibit for accounting firms and software vendors. national exhibition for accountants and finance directors. Earlier this year, the company acquired the US-based ...

People News
Gary McIntosh, CPA, CFF and recently retired partner at Weaver, has received the 2014-15 Meritorious Service Award to the Public Accounting Profession in Texas from the Texas Society of CPAs. … Joe Cowan, president and CEO of Epicor Software Corp., ...

Employers Added 173000 Jobs in August, Including 3100 in Accounting
"In this candidate-driven market, job seekers are calling the shots in what they're looking for in a job, which is a big contrast to a few years ago," said Jodi Chavez, senior vice president of the staffing company Accounting Principals. "Employers ...

McConnell & Jones Teams with Walker & Co.
McConnell & Jones has offices throughout Texas as well as Washington, D.C., and is considered to be one of the largest public accounting firms in Houston. Leveraging an established back office infrastructure and operational processes, McConnell & Jones ...

Yahoo's CFO Goldman to replace outgoing accounting officer Aman Kothari
Aman S. Kothari, Yahoo Inc. YHOO, -2.95% senior vice president, global controller and chief accounting officer, is leaving on Sept. 11, the Internet company said Friday in a filing. Upon Kothari's departure, Chief Financial Officer Kenneth Goldman will ...

Miss America gave out $6M in scholarships in 2014, new accounting shows
Miss America contestants arrival ceremony at Kennedy Plaza on the Boardwalk in Atlantic City, NJ. Tuesday Sept 1, 2015. Related Stories. Related: South Jersey women look back on Miss America hostessing · Related: Miss America contestants make Philly ...

Trailblazing accounting firm founder retires — how his local business is ...
Trailblazing accounting firm founder retires — how his local business is ...

Toshiba Risk Goes From Worst to Best With Accounting Scandal Fading
Default risk traders are betting the storm over Toshiba Corp.'s accounting scandal is close to blowing over. The cost to insure Toshiba's debt against nonpayment dropped 12 1/2 basis points since Aug. 3 to 105, according to CMA prices. It's the best ...

Art of Accounting: Write-ups and Concentration
Much of an accountant's work is done at the client's premises. However, whenever we are there, it is an intrusion on their routine. We need to remember we are guests and should remain “out of sight.” Well, let me tell you what happened early on in my ...

What You Must Know About Accounting Recruitment
A nice salary, bright future, prestige. These glories and more await every Syms accounting student just down the road at any number of top accounting firms. Many have already began to fill out their business cards with power names such as Deloitte, EY, ...

Organizations do what accounting systems can
My definition is that profit means having some money left over at the end of the accounting period (there is the accounting system again). Profit is necessary because if an organization keeps losing money, i.e., having less money at the end of the ...

Bronxville's Concordia Earns Recognition For Online Accounting Program
The website reports, "Your future career in accounting is right around the corner with an online master's of accounting program from Concordia College. With two concentration tracks in business and accounting, this individualized degree prepares you ...

Toshiba Vows Revamp After Loss in Push to Regain Trust
Muromachi, appointed after his predecessor quit during the scandal, repeated apologies to investors Monday and said he will outline a revamp within the year. Accounting adjustments wiped out net income from businesses that span nuclear reactors, memory ...

Westpac's accounting, targets queried by analysts
UBS analyst Jonathan Mott described Westpac's accounting treatment of the restructuring costs as a "throw back to the 1990s", when Westpac and other banks were criticised for boosting headline profit figures by recognising restructuring expenses as ...

Accountants Francis Clark launch Cloud-based accounting package
"Cloud accounting with Francis Clark is more than software it's like having a virtual Financial Director. With remote login we will be able to carry out regular checks on your finances, look at the current position with creditors, debtors and banking ...

Energy XXI To Restate Financials Due To Change In Derivative Accounting Method
Tuesday said it would restate its financial statements to correct its method of accounting for crude oil and natural gas hedging. This is to reflect unrealized hedging gains and losses in the company's consolidated statements of operations as a ...

Toshiba's accounting scandal is much worse than we thought
The company announced in April that it had been facing accounting problems, but the extent was not understood until now. An independent panel said managers at the company set aggressive profit targets that subordinates could not meet without inflating ...

SEC fines Bankrate $15 million over accounting fraud charges
WASHINGTON (MarketWatch) -- The Securities and Exchange Commission said Bankrate RATE, +4.66% has agreed to pay $15 million to settle accounting fraud charges, stemming from allegations the company fabricated revenue and avoided booking ...

Bankrate to Pay $15 Million to Settle Accounting Fraud Charges
The Securities and Exchange Commission has charged Bankrate and three of its former executives with accounting fraud. The North Palm Beach, Fla.-based company, which aggregates financial rate information online, agreed to pay $15 million to settle ...

Accounting Salaries Estimated to Rise 4.7% in 2016
Starting salaries for accounting and finance positions in the United States are expected to rise 4.7 percent in 2016, according to the 2016 Salary Guide: Accounting & Finance, which was released by Robert Half on Sept. 2. Last year's salary guide ...

Accountants See Regulations Stifling Growth and Innovation
Two-thirds of accounting, finance and business professionals believe regulation is having a significant or very significant impact on their organizations' opportunities to grow and innovate, according to a new survey by the International Federation of ...

Accounting firm founder Sebastian A. Albrecht dies at 98
Sebastian A. Albrecht, whose decades-long business career included founding a major local accounting firm, has died. The former Farmingdale resident, who was living in a Holbrook assisted-living facility, was 98. The cause of death was heart failure ...