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Accounting News 10/2016 (Page 3)



The former Time Warner Cable accounting office in Charlotte is getting slashed
Nearly all the positions are in the finance and accounting department. The positions being cut include 70 senior accountants, 45 staff accountants, 44 accounting supervisors/managers, and numerous finance analysts and accounts payable specialists, ...

HVAC Accounting Tips: How to Balance the Books
Accounting is a topic that often elicits yawns and groans. But HVAC contractors who have made expensive accounting mistakes will tell you not to ignore this subject. “Everybody makes mistakes,” said Jaime DiDomenico, president and owner of Cool Today, ...

Accounting News Roundup: 'The Accountant'; an IRS Snafu; Layoffs | 10.17.16
Plus, I'm not usually into shoot 'em up, beat 'em up action movies, but then again, I went for the accounting stuff. In that regard, the film had some moments, my favorite being a brief mention of Crazy Eddie. There were some amusing exchanges between ...

Practice Excellence Editor's Corner: Is Accounting Finally in Vogue?
To quote the parlance of our times: “slow your roll,” accountants aren't quite there yet, but we are most certainly in a time where the stereotype of the desk-bound, white shirt and pocket protector-clad, pastey-skinned, back-office social misfit are ...

The effect of brexit on UK accounting
When the announcement came that the UK had formally voted to leave the EU there were many parts of the UK business scope that were surprised, not least of which the accountancy firm. The decision to leave the UK bears a direct link to the accounting ...

How Accounting Firms Can Diversify Their Leadership
At our Women in Business Breakfast, I headed up an all-female panel of accounting and finance industry leaders where we discussed how well accounting firms are doing in terms of advancing women and what they can do to improve. Here are a number of ...

SEC fines Lime Energy and four executives for accounting fraud
The Securities and Exchange Commission fined Lime Energy LIME, +1.90% $1 million and four of its former executives agreed to settle charges for an alleged accounting fraud that pushed revenue into earlier periods to meet targets. The energy services ...

SEC Charges Energy Company, Executives with Accounting Fraud ...
SEC Charges Energy Company, Executives with Accounting Fraud ...

Lime Energy, former executives settle SEC accounting fraud case
NEW YORK Lime Energy Co and four former executives have agreed to settle civil charges that they were involved in an accounting fraud at the Newark, New Jersey-based energy services provider, U.S. regulators said on Monday. Lime Energy has agreed to ...

'Accounting' From Squanchtendo Releases for Free On Steam Tomorrow
The moment we've all been waiting for is finally almost here: tomorrow, on October 18th, Accounting finally releases on Steam, according to an official announcement Upload received via email. We went hands-on with the game at PAX West last month and ...

Accounting Principals Survey Finds More Companies Plan to Give Bigger Year-End Bonuses This Year, Compared to ...
Accounting Principals Survey Finds More Companies Plan to Give Bigger Year-End Bonuses This Year, Compared to ...

Talent shortage hits Maryland's small accounting firms as competition heats up
Small accounting firms are facing an uphill climb when it comes to hiring workers out of college because of a talent shortage. Large public companies used to fill their accounting teams with workers from their auditors, or the so-called "Big Four ...

FHFA Tries To Prevent GSE Lawsuit Settlement For Accounting Fraud
As a non-party the Federal Housing Finance Agency is now trying to prevent PricewaterhouseCoopers from settling their direct accounting fraud lawsuit with Freddie Mac shareholders. FHFA says that only it can control shareholder litigation surrounding ...

Accounting for Cost of Business Combinations Under Government Contracts: What You Need to Know About Mergers ...
Accounting for Cost of Business Combinations Under Government Contracts: What You Need to Know About Mergers ...

Squanchtendo's 'Accounting' is Now Available on Steam (for Free)
Squanchtendo Games has released, Accounting, their first game as a new studio. While the game was originally scheduled for release in September, Squanchetendo decided to take a couple of extra weeks to squeeze in a bit more polish, and the game is ...

Accounting exec gives UWM athletics its largest gift ever: $1 million
The UW-Milwaukee Athletics Department received its largest gift ever — $1 million — from alum Fred Sitzberger, who owns a Brookfield accounting firm. The gift will support the Panther Excellence Fund within the UWM Foundation that is unrestricted and ...

Watch 17 Minutes of 'Accounting' From Squanchtendo in Mixed Reality
The end result is Accounting, a short little experience that only lasts about 15-20 minutes and can be downloaded for absolutely zero dollars. It consists of a series of vignettes that each feature a small scene with non-playable characters talking at ...

SEC Charges Small Energy Firm and Executives With Accounting ...
SEC Charges Small Energy Firm and Executives With Accounting ...

Accounting and Auditing Highlights Oct.3-Oct.17, 2016
This brings to nine the number of industry-specific applications in the works from the AICPA for complying with the Financial Accounting Standards Board's Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, which takes ...

Taxpayers Federation Calls for Full Accounting of $11.7 Million ...
Taxpayers Federation Calls for Full Accounting of $11.7 Million ...

Survive Busy Season at Your Accounting Business
Many accounting firms earn half (or even more) of their annual revenue during a single four-month stretch. Some employees work tirelessly, clocking in 60 or more hours a week and feeling thankful for the opportunity to get a single day off. To say that ...

Ernst & Young settles SEC charges related to Weatherford's accounting
Fronckiewicz and Adams agreed to be suspended from appearing or practicing before the SEC as accountants, which includes not participating in the financial reporting or audits of public companies. Adams can apply for reinstatement after one year, and ...

Dr. J. P. Pawliw-Fry To Deliver Keynote At KPMG's 26th Annual Accounting & Financial Reporting Symposium
NEW YORK, Oct. 19, 2016 /PRNewswire/ -- Dr. J. P. Pawliw-Fry, renowned thought leader on the subject of emotional intelligence to increase leadership and performance, will serve as a keynote speaker at KPMG LLP's 26th Annual Accounting and Financial ...

Gary Shamis Starts New Consulting Firm
Shamis's new venture, Winding River Consulting, will provide business advisory services for the managing partners of accounting firms to help them grow their firms. “Winding River gives me the opportunity to focus on what I enjoy and do best—support ...

ACCA and IMA See Rise in Global Business Confidence
Global business confidence reached a 12-month high in the third quarter of the year, according to a new poll by the Association of Chartered Certified Accountants and the Institute of Management Accountants. Raef Lawson. The ACCA and the IMA surveyed ...

Moser named P1FCU Prep Athlete of the Week after accounting for 6 TD's
GENESEE, ID — Because of Wednesday night's Presidential Debate, we've moved up this week's P1FCU “Prep Athlete of the Week” to Tuesday. But nothing much changes, we still have a stellar athlete that threw for 350-yards and accounted for six ...

10 Aspects that Make a Good Accounting Firm
When you are looking for a good accounting firm to handle your business accounts, it is imperative that your search is thorough and not rushed, as the success of your business will depend on it. The question that you need ask is, what do you need to ...

IRS Wasted $12 Million on Microsoft Email System
The Internal Revenue Service spent $12 million to subscribe to a Microsoft enterprise email system that it was ultimately unable to use, according to a new report. The report, from the Treasury Inspector General for Tax Administration, said the IRS ...

Learn about Accounting and PC Computers at Westfield Memorial Library
Accounting Basics Demystified, Parts I and II, are for those who are frightened by accounting terminology or new to the concepts of accounting and finance. Participants will become familiar with the terminology and basics so that they will be able to ...

Gary Shamis, co-founder of former accounting firm SS&G, to leave BDO USA to launch Cleveland consulting business
Gary Shamis, who helped build the accounting firm SS&G Inc. to one of the largest in Northeast Ohio prior to its acquisition by accounting juggernaut BDO USA LLP in January 2015, is leaving BDO at the end of the year to launch a firm in Cleveland ...

Accounting in Virtual Reality
The game, called Accounting, comes from a company called Squanchtendo whose founders include animator Justin Roiland, who created the Adult Swim cartoon series Rick and Morty, and Tanya Watson of Epic Games, along with a game studio known as ...

Ex-Tesco Executives in Accounting Scandal to Face Trial in 2017
Three former Tesco Plc executives charged with accounting fraud will go on trial in September 2017. Former U.K. chief Chris Bush, Carl Rogberg, the former British finance director, and John Scouler, ex-U.K. commercial director, appeared Thursday in a ...

Tesco executives to face trial in 2017 after £326 million accounting scandal
Three former Tesco executives will stand trial in September next year in relation to the £326 million accounting scandal at Britain's biggest supermarket. Carl Rogberg, Christopher Bus and John Scouler, who respectively held the positions of finance ...

Driving Innovation in Accounting and Auditing: A Q&A with Deloitte's Will Bible
FEI Daily spoke with Will Bible, an audit partner at Deloitte & Touche LLP, on innovating financial statement audits with artificial intelligence and how it will impact the world of finance, accounting and auditing. Will is presenting at this year's ...

It's Accounting, What Could Be Boring About That?
The Accountant is the latest offering from director Gavin O'Connor (Warrior, Miracle). The crime drama offers very little in the way of crime and even less in the way of drama. The story of a criminal accountant lacks emotional weight and fails to make ...

Assessing Mark-to-Market Accounting for Pensions
This change from the historical accounting method of smoothing or leveling out pension plan losses and gains over several years enabled these companies to avoid reporting past losses in current and future financial statements, which would drag down ...

The End of Accounting?
Financial reports as an historical document will always be important. You need to have some kind of an historical perspective of the business,” Lev, a professor of accounting and finance at New York University's Stern School of Business, acknowledged ...

Netherlands accounting fudge reduces 2020 carbon cuts
The Dutch government could avoid setting tough new climate policies thanks to carbon accounting changes. Ordered by a court to cut greenhouse gas emissions 25% from 1990 levels by 2020, the authorities were under pressure to close new coal power ...

October 20, 2016 Billy – The Free Accounting App
This week, Billy a Danish company launched a new free version of its accounting software the in the United States. The product is coined to be the “easiest to use”. They make financial management for small businesses much simpler than its competitor's ...

FMC Technologies to pay $2.5 million for accounting violations: SEC
The two later signed letters to the company in which they represented that they did not make adjustments larger than $250,000 outside of the accounting period at the time, the SEC said. Favret agreed to pay a $30,000 penalty and Croft agreed to pay a ...

FMC Technologies to pay $2.5 million for accounting violations: SEC
The two later signed letters to the company in which they represented that they did not make adjustments larger than $250,000 outside of the accounting period at the time, the SEC said. Favret agreed to pay a $30,000 penalty and Croft agreed to pay a ...

FMC Technologies to Pay Big Fine For Accounting Violations
Energy technology company FMC Technologies will pay a $2.5 million penalty to settle charges that it overstated profits in one of its business segments, the U.S. Securities and Exchange Commission said on Thursday. Two now former executives made the ...

Accounting watchdog urges UK to stick with global rules
LONDON Britain should not go it alone by adopting its own book-keeping rules after it leaves the European Union, though the global regulations in place could be tailored, the UK's accounting watchdog said on Friday. Listed companies in Britain and ...

Accounting watchdog urges UK to stick with global rules
LONDON (Reuters) - Britain should not go it alone by adopting its own book-keeping rules after it leaves the European Union, though the global regulations in place could be tailored, the UK's accounting watchdog said on Friday. Listed companies in ...

dallas-based public accounting firm travis wolff joins armanino
SAN RAMON, Calif., Oct. 21, 2016 -- Armanino LLP, the 24th largest accounting and business consulting firm in the nation with revenues of $195 million, today announced it has come to an agreement with Dallas-based Travis Wolff, a $23 million firm, ...

FMC Technologies Fined $2.5M Over Accounting
According to the SEC, the improper accounting began after FMC in May 2012 acquired a private company that it renamed Automation and Control. The accrual of A&C's PTO liability, the SEC said, had “a significant, negative impact on not only A&C's January ...

CU Accounting Club volunteers for CPA Day of Service
LAWTON, OK (KSWO)– Volunteers with the Cameron University Accounting Club donated part of their fall break to helping those who are less fortunate. Volunteers in Lawton helped stock shelves at the Lawton Food Bank today. Meagan Sonnenburg is the ...

TravisWolff to combine with California's largest independent accounting and business firm
TravisWolff, a $23-million accounting firm based in Dallas, announced today it's joining Armanino, the largest independent accounting and business firm in California. Effective Jan. 1, 2017, subject to closing conditions, TravisWolff will operate as ...

SEC Settles Accounting Violations With Houston Tech Firm
Croft failed to comply with internal accounting controls when he directed that his business unit switch to a new accounting system without taking reasonable steps to ensure that errors would not arise as a result. Errors did occur that overstated the ...

Accounting associate's job centered around happiness, infinite growth
The Omaha, Neb., native works for K•Coe Isom as an accounting associate. Her main focus includes both auditing and tax work for individuals and businesses. “One of our firm's values is 'choose happiness.' We pride ourselves on taking care of both the ...