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Accounting News 12/2015



The Dubious Carbon Budget
This is where magical thinking, questionable accounting and dubious expectations about future technology come into play. It is called negative emissions. Negative emissions are the flip side of emissions. The idea is to develop technology that would ...

When Small Accounting Firms Team Up With Other Accounting Firms
The business environment for small accounting firms (five or fewer equity partners; maximum of $10 million in annual revenues) is difficult. In fact, in a survey of 301 managing partners of small accounting firms, about 70 percent of them expect 2016 ...

Brilliant Publishes 2016 Salary Guides for Accounting, Finance and Information ...
Brilliant Publishes 2016 Salary Guides for Accounting, Finance and Information ...

Rocket-Powered Growth
The traditional growth paradigm in public accounting isn't just showing a little wear and tear, it's close to collapsing under the weight of outdated assumptions and strategies. Today's marketplace is complex and only growing more so. An accounting ...

Paychex Sees Slight Increase in Small Business Job Growth in November
Mucci sees a role for accountants in helping their small business clients maintain growth. “I think that they can continue to help with regulatory requirements, particularly around part-time employment, because we saw part-time again taking another ...

Get a strong grip on accounting
International Financial Reporting Standard (IFRS) is world's most accepted single set of accounting standards, developed and maintained by the International Accounting Standards Boards (IASB). In the Indian context, the converged IFRS is known as ...

Save Time, Money with These 5 Accounting Management Tips
As farmers tighten their belts and prepare for the year ahead, it's important to know exactly where every nickel, dime—and potential liability—might be. Having good accounting management procedures in place is a sure way to do this, as Paul Neiffer ...

Downtown accounting firm to be 1st tenant for new Hensville development
The accounting and tax services firm will be the first tenant in the $21 million complex of old buildings adjacent and near Fifth Third Field in the Toledo Warehouse District. The development, which includes an outdoor entertainment park, is scheduled ...

Accounting Club, PICPA, Join 'Attitude of Gratitude'
Six members of the Saint Vincent College Accounting Club and its adviser, Dr. Robert J. DePasquale, professor of accounting, joined with the Southwestern Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA) in their second ...

Should You Outsource Your Accounting?
Yet, without solid accounting procedures and a good handle on restaurant finances, a restaurant owner can find themselves with an operation that isn't making money or cannot afford to stay open. One potential option for busy restaurateurs is to ...

And Now, Your Chicago Area Accounting Jobs vs. Law Jobs Update
For those of you scoring at home, Crain's Claire Bushey reports that Cook County added 1,393 accounting, tax preparation, bookkeeping and payroll services jobs in 2015 while it lost 92 jobs in law. The total headcount is now stands at Legal: 37,657, ...

Farm Accounting: Are You Operating on All Levels?
When it comes to managing the various aspects of your farming operation, sometimes it's easier to visualize the different layers in order to organize the many elements involved. Numbers can get confusing, jumbled or simply overwhelming when you try to ...

Why Small Accounting Firms Are Missing The Wealth Management Opportunity
Wealth management practices and its cousin family office practices, when implemented well are likely to be the most profitable practices in an accounting firm. For example, a comprehensive family office practice at an accounting firm can have margins ...

Sage One reaches 100000 UK subscriptions, affirms cloud accounting uptake
Accounting software provider Sage has announced it has hit 100,000 subscriptions of its cloud-based Sage One product, with the user base comprising more than half of customers already using Sage. The numbers indicate the small business sector is alive ...

FreshBooks Introduces New Mobile Credit Card Reader for SMB Accounting System
Cloud-based accounting software maker FreshBooks plans to release the FreshBooks Card Reader to help small business owners get paid on-the-spot using their mobile device while also combating credit card fraud. Scheduled for release in the spring of ...

Merger set for accounting firms Marcum, DGLF
Marcum LLP, a national accounting and advisory services firm, announced that it will merge with DGLF CPAs & Business Advisors, a full-service accounting firm specializing in construction and real estate, with offices in Nashville, Tennessee, and ...

College to unveil new bachelor's-to-master's in accounting program
Bloomfield College will give accounting students a new, cost-effective way to obtain a graduate degree beginning in the fall of 2016, as the institution will unveil a new five-year Bachelor of Science-to-Master of Science program that will ease the ...

College to unveil new joint bachelor's-master's in accounting program
Bloomfield College will give accounting students a new, cost-effective way to obtain a graduate degree beginning in the fall of 2016, as the institution will unveil a new five-year Joint Bachelor of Science-Master of Science program that will ease the ...

BNP Paribas Securities Services implements SimCorp Dimension for its ...
BNP Paribas Securities Services implements SimCorp Dimension for its ...

The Real Cost Of Global Tax Reform: An Unsustainable Increase In Accounting ...
The Real Cost Of Global Tax Reform: An Unsustainable Increase In Accounting ...

Thomas Linsmeier, Accounting Standard Setter and Leading Scholar, to Join ...
Thomas Linsmeier, Accounting Standard Setter and Leading Scholar, to Join ...

Three Trends that Will Transform Your Accounting Practice in 2016
For CPA and accounting firms, the bar for client service has been raised. Clients expect to receive business advice beyond the traditional financial review and write-up from their accountants. They are looking for trusted advisors who not only check ...

Here Are Some Health Iniatives Accounting Firms Should Consider for the ...
Here Are Some Health Iniatives Accounting Firms Should Consider for the ...

Understanding StoneMor Partners' Accounting
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ...

Students advance in national accounting competition
“Having five people who are all accounting or finance majors is functionally the same as having one or two people on the entire team,” said Landsiedel, an Altman scholar double-majoring in economics and finance. “Having different people fill different ...

VIPS: Rebuttal To Mithra's Forensic Accounting And Short Thesis
This could simply be a timing issue from an accounting perspective. VIPS could have made the deposits towards the end of Q3, but not completed the regulatory registration work to book these assets as PP&E. Looking at VIPS's historical financial ...

What Accountants Can Expect in 2016
The evolution of cloud accounting is changing customer expectations and accountants are rethinking the way they operate to meet the new, often heightened, demands. And while a lot of leg work has already been done, we're still at the beginning of this ...

Tri-county accounting graduates in demand
“We're noticing a really significant need in the industry to have more of our really highly qualified accounting graduates join public accounting firms and smaller accounting firms,” she said. “It's a direct reflection of the need in the industry. It's ...

Steinhoff's Accounting Probed by German Prosecutors
Steinhoff International Holdings Ltd., the South African furniture chain that plans to start trading on the Frankfurt Stock Exchange on Monday, is being investigated by German prosecutors for possible accounting violations. Authorities searched ...

U.S. Added 211000 Jobs in November, Including 11000 in Accounting
The professional and technical services sector added 28,000 jobs in November, including 11,000 jobs in accounting and bookkeeping services, which added 11,000 jobs. Employment in construction rose by 46,000 in November, with much of the increase ...

People News – Dec. 4, 2015
Kenneth A. Miles, managing partner of Beverly Hills-based NSBN LLP, has been named to deputy worldwide chairman of international accounting and law firm alliance Alliott Group. … Eleanor Schultz has joined Haskell & White, Irvine, as director of ...

Firm News – Dec. 4, 2015
New business creation in the U.S. is trailing behind the global average, with the number of new businesses created up just 11 percent since 2010, according to a new study by international accounting and consultancy network UHY International. The global ...

Sage SMB Accounting Gets a Modern Makeover
For a variety of reasons, most small businesses balk at turning over control of their applications and data to the cloud; they happily run accounting software suites like Sage's on-premises. Yet, the software industry has clearly set course on a cloud ...

Basel to Propose New Leverage Ratio Accounting for Cleared Derivatives
The updated accounting method could significantly ease capital demands for the global clearing industry, as the clearing business of Dutch bank ABN Amro Group NV shows. Its capital charge could drop by as much as 90%, one of the people said, compared ...

The World Needs More Bitcoin Accounting Solutions
When that dreadful time of year comes by to fill in tax papers and make sure every transaction is accounted for, software solutions can alleviate a lot of stress. Even in the Bitcoin world, there are programs at your disposal to help you with the ...

U.S. Census Bureau Daily Feature for December 6: Full Accounting
After some 5,200 years of development and refinement of accounting practices, New York state followed with the establishment of the certified public accountant. In December 1896, certificate number one, the first in the country, went to Frank Broaker ...

Manager Accounting
PRIMARY PURPOSE OF POSITIONOversee and provide support to various accounting functions within the corporate accounting operation and/or business unit accounting operations, as required. Produce accurate and timely financial statements for the ...

Westpac accounting tip of the iceberg, experts say
Banking & Finance · Mining · Energy · Telecommunications · Retail · Transport · Media & Marketing · Accounting · Legal · Small Business; More. Insurance · Infrastructure · Health · Construction · Tourism · Manufacturing · Agriculture · Environmental ...

Accounting firm Beatty & Co. purchased by Capstone Tax & Financial
A tax and financial services business that has been part of Saline for more than 30 years has opened a location in Tecumseh by purchasing the Beatty & Co. certified public accounting firm at 105 W. Chicago Blvd., Suite 150. Capstone Tax & Financial was ...

All-India accounting conference concludes at Panjab University
The 38th All-India Accounting Conference and International Seminar concluded at Panjab University (PU) today. As many as 900 delegates from India and abroad participated in the conference. The University Business School (UBS), PU, had organised the ...

Toshiba Accounting Scandal Draws Record Fine From Regulators
TOKYO—Japanese regulators, trying to shore up confidence in the country's securities markets after a $1.9 billion accounting scandal at Toshiba Corp. TOSYY -1.40 % , on Monday recommended imposing a record fine of ¥7.37 billion ($60 million) on the ...

Business Owners Are The "Ideal" Clients For Most Small Accounting Firms
Small accounting firms (five or fewer equity partners; maximum of $10 million in annual revenues) are under considerable pressure often resulting in lower partner compensation. One possible way of improving the success of a small accounting firm is to ...

Accounting changes stall pension fund recovery
JACKSON – It had looked like Mississippi's main public employee pension fund had turned the corner in 2014, but changes in financial projections left the Public Employees Retirement System losing ground again in the year ended June 30, 2015. Actuaries ...

Search For Xero Makes Accounting Faster Than Ever
7, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Xero (@Xero) today announced Search for Xero, a new feature that drastically improves the workflow and experience of accounting for accountants, bookkeepers, and small business owners. Xero is the only ...

Nigeria: Govt Plans Migration to New Accounting Model
The Federal Government may have concluded plans to migrate to the accrual accounting model of the International Public Sector Accounting Standards (IPSAS) by January, going by indications from the Federal Ministry of Finance. Under the accrual basis of ...

Marvell Tech misses profit, sales expectations and conducts internal ...
Marvell Tech misses profit, sales expectations and conducts internal ...

Accounting roundtable: Here's what Orlando firms advise for 2016
As 2015 comes to a close, 14 accounting representatives from Orlando firms collectively agree it was a good year. At Orlando Business Journal ' s accounting roundtable on Dec. 7, when asked which local sectors of their business saw growth in 2015, a ...

With $21B in Forex Losses, Petrobras' (PBR) Hedge Accounting Poses Dividend ...
With $21B in Forex Losses, Petrobras' (PBR) Hedge Accounting Poses Dividend ...

Weiss & Company named a top accounting firm
GLENVIEW – Weiss & Company LLP was recently recognized by Accounting Today as one of the 2015 Best Accounting Firms to Work For. Weiss was ranked 26th of the 52 small firms in the United States. The recognition comes after Weiss & Company was ...

PCC Wants to Remove Effective Dates for New Accounting Standards
The PCC works with the Financial Accounting Standards Board to recommend changes in accounting standards for privately held companies. FASB plans to meet in the near future to consider endorsement of the final consensus. The standards are mainly ...