June 2006



ENGLEWOOD, Colo.—-June 29, 2006–Adam Aircraft today announced the appointment of Chris Naro as Chief Financial Officer. He will report to Adam Aircraft Chairman and Chief Executive Officer Rick Adam, and will be responsible for all finance and accounting functions.
Source: biz.yahoo.com

DNA Help Needed to Revise Confucius’ Family Pedigree 
Earlier this month, the British firm Oxford Ancestors found a precise match between the Y chromosome of 48-year-old Tom Robinson, an American accounting professor whose ancestors first emigrated fr…
Source: www.theepochtimes.com

Judge: U.S. at fault in pressuring KPMG 
A federal judge ruled Tuesday that prosecutors unconstitutionally pressured the accounting firm KPMG into cutting off legal fees for 16 former employees charged with setting up illegal tax shelters.
Source: news.yahoo.com

Accounting for Inherited Stock 
It can be confusing when you’re lucky enough to inherit some stocks. You may run into some tax issues you hadn’t anticipated. After all, you probably don’t know the cost basis of the shares, or even whether you have a gain or loss.
Source: news.yahoo.com

MPS subsidiary buys Dutch staffing company 
The United Kingdom subsidiary of MPS Group Inc. has acquired a Dutch staffing company.
Source: biz.yahoo.com


NORWALK, Conn.—-June 29, 2006–In line with its commitment to open and rigorous due process, the Governmental Accounting Standards Board will hold panel discussions, a public hearing, and a roundtable exclusively for external financial statement users, regarding the GASB’s Preliminary Views document, Accounting and Financial Reporting for Derivatives.
Source: biz.yahoo.com

Ruling on Legal Bills at KPMG Could Be a Boon to Aipac Pair 
A new ruling that the government improperly pressured an accounting firm, KPMG, not to pay for the legal defense of a group of the firm’s employees could be a boon to two pro-Israel lobbyists facing trial in Virginia. In a closely watched case, Judge Lewis Kaplan ruled that employers usually have an obligation to pay for their employees’ legal defense in work-related litigation. He also declared
Source: www.nysun.com

Raytheon settles with SEC 
WALTHAM — Defense contractor Raytheon Co. yesterday said the Securities and Exchange Commission agreed to settle its investigation into the accounting practices of its commuter aircraft business during the period from 1997 to 2001.
Source: www.dailynewstribune.com


By Pamela M. Prah - Just when states found some breathing room after years of belt-tightening, a new accounting rule is about to force them to deal with some $500 billion in hidden costs. The new rule, effective later this year, also has state employees worried their benefits soon might be on the chopping block.
Source: www.infozine.com

Accounting for Sustainability Seminar Details 
The interest in environmental and sustainability accounting issues has grown rapidly in the last few years and organizations are increasingly grappling with these complex issues.
Source: www.smartgrowth.org

Blunder hobbles trading in Japan 
A computer error crippled trading in Japan’s government bond market for more than two hours Thursday, just months after similar glitches repeatedly paralyzed the Tokyo Stock Exchange.
Source: www.iht.com

Janice Kelliher Named Director at Accounting Management Solutions 
Accounting Management Solutions (AMS), New England’s leading provider of outsourced accounting, financial management, and recruiting services, today announced that Janice M. Kelliher has joined the company as a director in its Emerging Business Practice.
Source: biz.yahoo.com


Obstetrics is the medical specialty that generates the biggest number of negligence claims, accounting for one in five, a new report shows. -
Source: www.smh.com.au

Raytheon Paying $12 Million Civil Fine 
Defense contractor Raytheon Co. is paying a $12 million civil fine to settle federal regulators’ charges of accounting violations that masked the deteriorating finances of its commercial aircraft business from 1997 to 2001, it was announced Wednesday.
Source: biz.yahoo.com

Sheridian Maine and SML Accountacy use sales promotion tool to drive referrals 
Sheridan Maine, a finance executive search and selection consultancy and SML Accountancy, a provider of part qualified and junior accounting staff, are using Marriott Individual Incentives sales promotion vouchers, which give 100 off a hotel stay, to drive customer referrals.
Source: www.onrec.com

Raytheon Says SEC Closes Investigation 
(AP) WALTHAM, Mass. Defense contractor Raytheon Co. said Wednesday the Securities and Exchange Commission agreed to settle its investigation into the accounting practices of its commuter aircraft business during the period from 1997 to 2001.
Source: www.kiplingerforecasts.com

Accounting Today Calls for Nominations 
New York (June 26, 2006) - Accounting Today has issued a call for nominations for its highly regarded “Top 100 Most Influential People” list.
Source: www.webcpa.com


The Official Web Site of the American Accounting Association.
Source: www.aaahq.org


Investigative arm of Congress charged with examining matters relating to the receipt and payment of…
Source: www.gao.gov

The American Accounting Association
The Official Web Site of the American Accounting Association.
Source: www.aaahq.org

Accounting Jobs on CareerBuilder.com
Looking for accounting jobs? Start your job search at CareerBuilder, the leader in job search sites, and access hundreds of thousands of jobs today.
Source: accounting.careerbuilder.com

Rutgers Accounting Web
Accounting resources irrespective of the university.
Source: accounting.rutgers.edu


June 27, 2006 The AICPA is the premier national professional association for CPAs in the U.S. … Accounting Education Center Accounting Standards Accounting & Auditing Technical Hotline … Member Interest Centers Accounting Education Center BV and FLS Center …
Source: www.aicpa.org


HG.org You are hereHomeBusiness CenterAccounting. Sunday June 25, 2006 … Accounting and Bookkeeping. Accounting and Bookkeeping. ACCOUNTING AND BOOKKEEPING …
Source: www.hg.org

Accountancy - Wikipedia
Includes information on the profession of accounting as well as qualifications and regulations, firms, conventions, accounting standards, and related topics.
Source: en.wikipedia.org

Accounting
Undergraduate Programs. Program Description. Accounting is the identification, measurement, and communication of financial information about economic entities to interested parties. Simply put: Accounting is the language of business.
Source: www.ju.edu

Accounting Fact Sheet
… Accounting is the analysis, interpretation and communication of financial information about the resources … The Program. Accounting and Accountancy are majors offered by the College of …
Source: www.ndsu.edu


Students who are already actively participating in a graduate accounting program are not … (See also Scholarships for Minority Accounting Students and …
Source: www.aicpa.org

Reports and Testimony (updated daily)
The US General Accounting Office: Accountability, Integrity, Reliability. Search. All, GAO Report, Legal Products. Keyword or Report # …
Source: www.gao.gov

Accounting Terminology Guide
Indexed glossary of accounting terms from the New York State Society of CPA's.
Source: www.nysscpa.org

Accounting Associations
A directory of accounting associations and professional organizations.
Source: www.taxsites.com

Bookkeeping, accounting, and auditing clerks
In large offices and accounting departments, accounting clerks have more specialized … More advanced accounting clerks may total, balance, and reconcile …
Source: www.bls.gov


Deloitte, the smallest of the big four bean counters, is looking to bulk up by merging with a second-tier accounting firm. -
Source: www.theage.com.au

HK exchange censures Deloitte over 2001 listing 
HONG KONG, June 27 (Reuters) - Hong Kong’s stock exchange has prohibited Deloitte [DLTE.UL ] from sponsoring any new listings on its secondary bourse for nine months, saying the Big Four accounting firm failed to provide adequate information for an IPO in 2001.
Source: asia.news.yahoo.com

Grads say goodbye to MTI 
PALMETTO - With a white scroll in one hand and a smile on his face, Gregory Baewer shook hands with district school officials one-by-one before stopping to hug his Manatee Technical Institute accounting instructor.
Source: www.bradenton.com

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