accounting

Microsoft updates and renames its small business accounting software.

Former McAfee executive paying $757,000 to settle SEC charges 
SANTA CLARA, Calif. A former senior executive of Santa Clara-based McAfee has agreed to pay around 757-thousand dollars to settle charges that he played a role in the company’s alleged accounting fraud.

Stration Worm Cracks October Top 10 
Several hundred versions of the worm were spammed to users during the month, with the family accounting for more than half of all reported malicious code on some days.

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Houston Chronicle, United States - 5 hours ago… On Monday, the Shaw Group said its investigation into the timing of stock option grants revealed accounting errors, necessitating the restatement of earnings …

EMI uncovers accounting fraud at Brazilian business UPDATE
Life Style Extra, UK - Oct 25, 2006LONDON (AFX) - UK-based record label and music publisher EMI Group said it had uncovered fraudulent accounting practises at its Brazilian subsidiary. …

Audits pointed to risks
Allentown Morning Call, PA - Oct 29, 2006There was shaky accounting in Northampton County well before at least $83,000 was discovered missing recently from the clerk of criminal courts office. …

Sage Rolls Out BusinessVision 50 Accounting 7.1
WebCPA, NY - Oct 24, 200625, 2006) - A new version of Sage Software s business management solution for small businesses, Sage BusinessVision 50 Accounting 7.1, has been released. …

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Reuters - Oct 25, 2006NEW YORK, Oct 25 (Reuters) - Members of the US Financial Accounting Standards Board voted on Wednesday to propose changes to new derivatives accounting rules …

Office Live beta out next month
Techworld.com, UK - 1 hour ago… Office Live is a web-based service that will offer SMEs a website, basic management, worker collaboration, accounting and customer relationship management (CRM …

Pike Electric Appoints Gary D. Waldman as Controller and Chief …
Yahoo! News (press release) - 12 hours ago… of outsourced electric distribution and transmission services, today announced the appointment of Gary D. Waldman as its Controller and Chief Accounting Officer …

Ford to restate results since '01 for swap accounting
Reuters - Oct 23, 2006… Quote, Profile, Research) on Monday said it will restate financial results from 2001 through the second quarter of this year because of an accounting change on …

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Frustrated with laws and regulations that have made companies and accounting firms more open to lawsuits from investors and the government, corporate America is preparing to fight back.

Shaw Group to Restate Past Earnings 
Shaw Group Inc. said Monday its investigation into the timing of past stock options grants revealed an accounting error that resulted in the engineering and construction services provider’s profit to be overstated for the years 2001 through 2005.

Acom Posts $2.4 Billion Loss as Provisions Rise (Update1) 
Oct. 30 (Bloomberg) — Acom Co., Japan’s largest consumer lender by sales, said it posted a first-half loss, its first ever, as provisions rose due to changes in accounting rules for the sector.

Merrick Systems Revamps Hydrocarbon Accounting With New Global Version of ProCount 
HOUSTON—-Houston-based Merrick Systems, developer of software to energize the upstream oil and gas industry, has released the latest version of its ProCount product: ProCount 2007.

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The combination of buoyant stock markets and rising bond yields have reduced the pension deficits of FTSE 100 companies based on the IAS19/FRS17 accounting standard to the current 42 bln stg from 50 bln stg at the beginning of October.

Sarbanes-Oxley Brings U.S. Firms IPO Earnings Abroad (Update1) 
Oct. 30 (Bloomberg) — For all the hand-wringing over the Sarbanes-Oxley Act, the accounting and governance law driving companies away from U.S. stock exchanges, America’s biggest securities firms are doing a record overseas business arranging initial public offerings.

Shaw Group to Restate Past Earnings 
BATON ROUGE, La. The Shaw Group said today its investigation into the timing of past stock options grants revealed an accounting error that resulted in the engineering and…

Inquiry on options widens to tax angle 
In the latest twist in the stock options game in the United States, some executives may have changed the so-called exercise date - the date on which options can be converted to stock - to avoid paying hundreds of thousands of dollars in income tax.

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PersonnelToday.com, UK - Oct 23, 2006Outsourcing company Xansa has won preferred supplier status with the BBC for finance and accounting services, which includes offshoring work to India. …

Camp Hill entrepreneurs find accounting guidance essential
Patriot-News, PA - Oct 28, 2006… at the beginning. That would have meant additional expenses to cover separate accounting, tax and legal costs. The Coluccis were …

FASB To Change Derivative Accounting
CFO.com Magazine, NY - Oct 25, 2006The Financial Accounting Standards Board voted on Wednesday to push ahead a proposed rule aimed at easing the volatility in the income statements of asset …

Income trust accounting a 'worry,' Dodge says
Ottawa Citizen (subscription),  Canada - Oct 26, 2006David Dodge, governor of the Bank of Canada, weighed in on the income trust debate yesterday, offering his views on the positive and not-so-positive sides of …

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Shanghai Daily, China - Oct 27, 2006THREE big local accounting firms will merge tomorrow to lead the domestic accounting industry and become more competitive, China Business News reported today. …

EMI Discovers Accounting Fraud in Brazil
Houston Chronicle, United States - Oct 25, 2006LONDON EMI Group PLC said Wednesday that it uncovered accounting fraud at its Brazilian recorded music business that incorrectly boosted revenues and …

Accounting Firm Doubles Space at
GlobeSt. com, NY - Oct 27, 2006CHICAGO-Plante & Moran, a national accounting firm, is moving its Chicago team up at the beginning of November, moving — more than doubling their existing …

Local Firm Invests in Students
Opinion250 News, Canada - Oct 28, 2006… Get more out of your Accountant." That s the advertising slogan of the Prince George based Chartered Accounting firm of Chan Foucher LeFebvre. …

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Trading Markets, CA - Oct 24, 2006… The company said that it has sought the assistance from SEC office in analyzing the application of certain technical accounting rules pertaining to a business …

University Lands packing up for move to new offices
MyWestTexas.com, TX - Oct 28, 2006… The move was necessitated, he said, by the expansion of his staff when University Lands decided to move its accounting functions from Austin to Midland. …

Nursing students recognized for achievement
Greenville Daily Reflector, NC - 15 hours ago… Tool Accessories ….(more). ACCOUNTING ASSISTANT/Clerk Part-time position available for accounting as….(more). Cypress Glen Cypress …

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T he Oregon Education Association is spending a half-million dollars on television ads crowning Ted Kulongoski the “education governor.” That’s high praise from a teachers union that wouldn’t even endorse Kulongoski’s re-election just six months ago.

If you want to pass on wealth, talk with family 
When Roy Williams wants to get a reaction out of a client, he asks: “Do your children know your net worth?”

Starbucks to grow `a latte’ 
The people who work in Seattle’s tallest building face a tough decision: Should they get their caffeinated indulgence at the old Starbucks on the building’s first floor or the new Starbucks, 40 floors up? And, if those lines are too long, is it too far to walk across the street, where a third Starbucks awaits?

GM retirees in a bind after health benefits get slashed by struggling automaker 
When James Hoggan graduated from the University of Utah with an accounting degree, he might have gone to work anywhere. He chose General Motors Acceptance Corp., the finance arm of General Motors Corp. The year was 1965. With $17 billion in revenues, GM was America’s biggest and one of its most admired corporations. Nearly 661,000 people were employed by the automaker. With only two major

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WASHINGTON Helping the government land the biggest fish has been paying off for the slightly smaller fry in the prosecution of high-profile corporate fraud by way of a yawning gap in their prison sentences.

Transaction Systems Finds Options Errors 
Transaction Systems Architects Inc. said Friday it launched an internal review of its stock option grants, and has uncovered errors in the accounting of some grants.

Write-ins may delay District 22 election results 
Election Night suspense could last longer than usual on Nov. 7 because of the quirky race to replace U.S. Rep. Tom DeLay.

Orbital finds stock options problems 
\”As a result of the stock-based compensation review, Orbital has determined that incorrect accounting measurement dates were used for a number of grants,\” according to a company release that also said the review began during the third quarter.

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