November 2006
Monthly Archive
Thu 30 Nov 2006
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MYOB has released AccountEdge 2007 for Mac OS X, the first Universal binary version of their small business accounting software.
A quickie on Wikis
Robert Weisman 22 November 2006 Buoyed by the growth of the online encyclopedia Wikipedia, the wiki model of shared writing and editing is spreading into surprising new realms, from accounting, real estate and academic research to cake design and even intelligence gathering.
Deregulation Returns To Wall Street
Fear that U.S. markets are losing out to foreign competition drives a pullback on recent rules.
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Thu 30 Nov 2006
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Nation Multimedia, Thailand - Nov 23, 2006… commercial banks will be required to set higher provisions against loan losses, beginning this December, to comply with new international accounting standards. …
Two Boston area accounting firms merge
Boston Globe, United States - Nov 27, 2006Two accounting firms - Gray, Gray & Gray LLP of Westwood and Clark R. Rattet & Associates PC of Norwood - said today that they will merge. …
UPDATE 1-TABLE-Tvia Q2 loss widens; completes accounting review
Reuters - Nov 22, 2006… The chipmaker said it completed its accounting review and restated results for fiscal year ended March 31, 2006 and the quarters ended Dec. …
Wake QB faces big test before he takes accounting
Greensboro News Record, NC - 2 hours agoHe has a steady girlfriend, and he's carrying a full load of classes, even after deciding to bail on accounting earlier in the semester. …
Comverse Shares Drop on Additional Accounting Errors (Update1)
Bloomberg - Nov 15, 2006… have pleaded guilty in a stock-option backdating scandal, fell the most in more than four years after the company found additional accounting errors and …
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Thu 30 Nov 2006
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NEW YORK (Reuters) - Maurice “Hank” Greenberg, the former head of insurer AIG, approached Morgan Stanley CEO John Mack about buying the New York Times Co. , a source familiar with the matter told Reuters.
Public Accounting Report Ranks Mason Accounting Programs in Top 25 in the Country
The undergraduate and graduate accounting programs at The Mason School of Business at The College of William and Mary are Top 25 programs in the country, according to the Public Accounting Report’s Annual Professor’s Survey, published on October 30, 2006.
New Brunswick export growth mirrors decline in oil and forestry, says EDC
New Brunswick’s international exports are forecast to grow by 3 per cent in 2006 before declining by 3 per cent in 2007, according to a provincial export outlook by Export Development Canada (EDC). The province’s exports are dominated by the energy and forestry sectors, accounting for 60 per cent and 18 per cent of New Brunswick’s exports, respectively.
Sage Leads The Pack In London
The business software company saw its shares rise after reporting a strong quarter.
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Wed 29 Nov 2006
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Bloomberg - Nov 15, 2006… Chief Accounting Officer Richard Causey was sentenced to 5 years in prison for his role in the fraud that destroyed the company, an 18-month reduction from …
Two Boston area accounting firms merge
Boston Globe, United States - Nov 27, 2006Two accounting firms - Gray, Gray & Gray LLP of Westwood and Clark R. Rattet & Associates PC of Norwood - said today that they will merge. …
FASB to consider changes to pension accounting rules
Pensions & Investments, IL - Nov 27, 2006The Financial Accounting Standards Board, Norwalk, Conn., will discuss at its meeting Wednesday whether to amend illustrative appendixes and implementation …
Chesapeake Corporation Appoints Faller Controller
Yahoo! News (press release) - Nov 28, 2006… for external financial reporting, internal financial consolidation and reporting, and compliance with applicable financial and accounting laws, regulations and …
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Wed 29 Nov 2006
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WASHINGTON -(Dow Jones)- Accountants are still in the minority on corporate audit committees, even though the number sitting on such committees has more than doubled in the wake of corporate accounting scandals, a new study by Huron Consulting Group (HURN) found.
Peterson & Co. Merges
Peterson & Co. LLP, a local accounting firm with offices in University City, has merged with Newport Beach-based Squar Milner CPAs. The companies made the announcement Nov. 28.
Accounting Firm Leads the Way for Transparency
As part of its continuing commitment to transparency in communicating with its clients, its employees and the market, KPMG has published its third annual Social Responsibility Report for 2005.
Hub accounting firms to merge
Accounting firms Gray, Gray & Gray LLP and Clark R. Rattet & Associates PC plan to merge the companies said Monday.
Bisys and RiskMetrics team to deliver risk reporting tools to hedge funds
BISYS Alternative Investment Services, a leading global provider of administrative, accounting and tax services for the hedge fund and private equity industry, and RiskMetrics Group, the …
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Wed 29 Nov 2006
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The Medicare drug benefit has come in way under budget this year, which supporters boast is a testament to the benefits of competition.
Federal agents search producer’s home, office
The FBI’s action is linked to Italy’s tax fraud investigation of former Prime Minister Silvio Berlusconi.
Sage FY profit up 14 pct UPDATE
LONDON (AFX) - Sage Group PLC, ( Nachrichten ) the UK accounting software supplier, reported an in-line rise in full-year profit, helped by acquisitions and strong sales, and said it was confident about prospects for growth.
Golf Notebook
When I worked in public accounting in the late 1970s, one of our audit clients was the Anaconda Aluminum Company in Akron, Ohio. We always stayed at The Holiday Inn next door. As we arrived one Sunday evening, golf great Tom Watson and his wife Linda were checking in.
IMA’s October fund statistics show property still most popular
The specialist sector is still the most popular net retail sector with property accounting for 73 per cent of October’s inflows according to the latest monthly fund statistics from the Investment Management Association.
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Tue 28 Nov 2006
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Greenspan Said Worst Is Passed in Housing Adjustment, Will Examine Mortgage Equity Extraction
Paulson Says Democrats Won’t Alter U.S. Commitment to WTO Talks
Nov. 28 (Bloomberg) — Treasury Secretary Henry Paulson said Democratic control of Congress won’t change the commitment of the U.S. government to completing global trade talks.
Focus Media Holding: Unlocking the Gold Mine of Display Advertising
Focus Media is well positioned for growth with budgets shifting from mass-market to segmented, customer-centric media outlets.
Workplace homicides
There were 674 workplace homicides in 2000 and 639 in 2001, accounting for 11 percent of the total 14,000 fatal work injuries in the United States. An average of 20 workers are murdered each week in the United States. In addition, an estimated 1 million workers — 18,000 per week — are victims of nonfatal workplace assaults each year.
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Mon 27 Nov 2006
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LONDON and NEW YORK, Nov. 27, 2006 — GlobeOp Financial Services, which provides specialized administration and risk reporting services to hedge funds and asset management firms, today announced the successful completion of a Type 1 SAS 70 review of its middle-, back-office and fund accounting services by accounting and auditing firm Ernst & Young.
Crime Report
Monday, Nov. 20 Larceny, 11:09 a.m. Harper College, 902 Sumter St. Someone removed a burgundy rug with a USC logo from the building. Estimated value: $200 Responding officer: M. J. Winnington Shoplifting, 12:21 p.m. University Bookstore, 1400 Greene St. Someone stole an “Accounting Concepts” textbook.
Top 5 Things the Auto Retail Industry Has to be Thankful For
Jerry Marks submits: I hope you enjoyed your Thanksgiving weekend. Freedictionary.com says Thanksgiving is an act of giving thanks; an expression of gratitude. This got me thinking, what is it that the auto retail industry has to be thankful for?
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Mon 27 Nov 2006
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SAN ANTONIO, Nov. 27, 2006 — Sweet Success Enterprises Inc. , makers of a family of innovative and delicious all-natural healthy-lifestyle beverages, announced today the Company has selected the Austin, Texas-based Helin, Donovan, Trubee & Wilkinson LLP as its new independent registered accounting firm.
Greentrees hat trick leads Nanooks
Kyle Greentree found a remedy for his offensive drought with a hat trick, accounting for all of the Alaska Nanooks goals on rebounds in Saturday nights 3-1 victory over Lake Superior State at the Carlson Center.
Doublespeak: Official Language of D.C.
The government’s annual accounting of hunger in America reported no hunger in its last outing.
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Mon 27 Nov 2006
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Reuters - Nov 16, 2006… General Motors Corp (GM.N: Quote, Profile, Research) will name a former AT&T (TN: Quote, Profile, Research) executive as its top accounting official, the Wall …
Movie Gallery delays Q3 results on accounting issue
Reuters - Nov 14, 2006… (MOVI.O: Quote, Profile, Research) said it is delaying its third-quarter results to review the accounting treatment for end-of-term store lease obligations. …
UPDATE 1-Ulticom says accounting probe on additional areas
Reuters - Nov 16, 2006… Full Bio. Nov 16 (Reuters) - Ulticom Inc. (ULCM.O: Quote, Profile, Research) on Thursday said it was investigating possible improper accounting in its books, in …
Tvia Announces Completion of Accounting Review and Restatement of …
Boursorama, France - Nov 22, 200622 /PRNewswire-FirstCall/ — Tvia, Inc. , announced today that it has completed its accounting review and restatement of historical financial statements. …
JMU Accounting Grads Rank 25th On National CPA Exam
Rocktown Weekly, VA - Nov 19, 2006HARRISONBURG Graduates from the school of accounting at James Madison University s College of Business helped JMU rank 25th in the nation in performance …
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