accounting

NEW YORK, Feb. 13 /PRNewswire-FirstCall/ — Cox Television has selected Harris Corporation’s (NYSE: HRS) premier OSi-Traffic(TM) application to manage the traffic, sales, accounting and reporting components of its business.

PwC Acquires Indian Firm RSM 
Feb. 14, 2007 (SmartPros) PricewaterhouseCoopers has acquired Indian accounting firm RSM, and will merge its tax practices with PwC effective April 1.

India raising standards of financial reporting: minister 
New Delhi, Feb 13 (IANS) India had taken steps to ensure that financial reporting in the country was of international standards, Minister for Company Affairs Prem Chand Gupta said Tuesday after a meeting with International Accounting Standards Board (IASB) chairman David Tweedie.

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The biggest boo-boo of all was not accounting for Carter, a 6-foot-7 sophomore guard who went 8-of-11 from three-point range. He led the Aggies with 26 points.

Businessman never shirks from challenges 
Marvin Strait was planning a move to Colorado Springs to start a local office for a Denver accounting firm when the Springs economy began to tank. In 1973, city officials put a 1 -year moratorium on new natural gas hookups.

Kenya: KCA Hit Daystar in Tough Match 
Kenya College of Accounting (KCA) hit Daystar University 1-0 as the Universities and Colleges Football league pre-season tournament got under way in Nairobi.

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Members of Chapel of Prayer Independent Baptist Church are not only keeping 24-year-old Misty Goodspeed in their prayers, but they’re also organizing a fundraiser on her behalf.

Accounting Error Causes Confusion In Springfield, MA 
The city of Springfield, MA has been making an accounting error for more than 10 years. And now the IRS might come calling for thousands of retired municipal employees who underpaid their taxes because of the city’s mistake.

Executive moves 
Executives in accounting, advertising, finance, high tech and new media, law and real estate have all found new digs. Check out the new faces in key places.

Seeing Scarlet at Rutgers 
Alex Aksanov came from Midwood High in Brooklyn to enroll at Rutgers last year as one of the top tennis players on the East Coast. His cousin had gone to this same university, and Aksanov liked the coaches. He redshirted this season with a knee injury, while practicing with the varsity team. Now Aksanov is looking to get out as fast as he can, maybe transferring to St.John’s.

Accountants cheer moves to simplify tax concessions for small business 
Australias peak accounting body has welcomed Federal Government moves to simplify tax compliance for small business by standardizing eligibility thresholds for tax concessions.

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The biggest boo-boo of all was not accounting for Carter, a 6-foot-7 sophomore guard who went 8-of-11 from three-point range. He led the Aggies with 26 points.

64 Million Smartphones Shipped Worldwide in 2006 
Canalys’ latest market estimates show that Nokia, RIM, Motorola and Palm each held onto a place among the top five worldwide smart mobile device vendors in Q4 2006, but some positions changed. Nokia retained its lead, while RIM moved up a place into second, nudging ahead of Motorola.

CSUMB looks to develop accounting professorship 
California State University, Monterey Bay, held an informational luncheon during the week on its plans to create a professorship in accounting through its School of Business.

Barnwell’s accounting fees up sharply 
Barnwell Industries Inc., the Honolulu-based oil and gas exploration firm, saw a 44.6 percent increase last year in accounting work on the company’s books, according to a corporate report.

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TOKYO, Feb 9 (Reuters) - Japan’s Mizuho Corporate Bank might extend financial aid to scandal-hit brokerage Nikko Cordial Corp. , but only once Nikko settles legal issues related to its accounting problems, Mizuho CB President Hiroshi Saito said in a newspaper interview.

U.S. Diesel Fuel Cost Survey 
WASHINGTON - Feb 8/07 - SNS — The weekly diesel price provides a proxy for trends in U.S. truck rates, according to the USDA. Diesel fuel is a significant expense for agriculture commodity movements by truck, accounting for 37% of the estimated variable cost.

Adelphia Seeks to Retain Accounting Personnel 
Adelphia Communications and its creditors asked Judge Robert Gerber of the U.S. Bankruptcy Court in Manhattan to approve a $5.2 million retention plan to keep key accounting personnel on board while its Chapter 11 reorganization plan has been put on hold, AP reported.

Upbeat Vaughan Looks Ahead 
Michael Vaughan believes England are ready for the World Cup despite recent results.

Iran Holds Al-Qaeda Suspects 
U.S. officials fear diplomatic offensive could prompt Iran to free suspected terror agents.

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PSA HealthCare’s profit fell in the first quarter, it will have to restate earnings for a period of 2006 due to an accounting error and it has bought some of Maternal Child Health Inc.’s assets.

New BNA Accounting Portfolio Explains How to Account For and Disclose Contingent Environmental Liabilities 
BNA , publisher of the authoritative and universally recognized Tax Management Portfolio series, has released the latest addition to its Accounting Policy & Practice Series.

Britain is a particularly good place for Muslim women 
Where am I? Securitas, the world’s largest security firm, has been hit by a one-off charge of 2.1 billion crowns ( 154 million) after it discovered an accounting discrepancy in its UK business and its former German armoured-car division went bankrupt.

Tax chat postponed 
Visit the site in one week to chat about answers to questions on income taxes.

Archived articles from Thursday, February 8, 2007 
City’s financial hole deepens Audit puts Elmira’s deficit at $3M; city changes accounting practices in response. 21 Comments Elmira’s deficit is actually $3 million, about $1 million worse than what was initially thought, the city manager said Wednesday following an audit of city finances in 2005.

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An accounting firm said it will miss a Feb. 16 target date to complete an overdue audit of San Diego’s 2003 financial statements.

PCAOB Standing Advisory Group to Meet 
Washington (Feb. 8, 2007) - The Public Company Accounting Oversight Board announced that it its Standing Advisory Group will meet on Feb. 22 in Washington.

State releases list of 440 high school majors; 257 being offered in Lee schools 
Attention upcoming ninth-graders: thinking of majoring in accounting in college? health care? music? Here is your chance for a little taste test. The Department of Education announced Wednesday that students can now view all of the 440 state-approved majors that high schools will offer for the 2007-2008 school year on the Web site,

New accounting rules will help Chinese firms in international markets: expert 
China’s new accounting rules, which are close to international standards, will improve the international image of Chinese firms, Nancy Chen, Senior Financial Management Specialist of the World Bank (WB), said on Monday.

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PHOENIX—-Apollo Group, Inc. announced today that it has appointed effective today Brian L. Swartz as Vice President, Corporate Controller and Chief Accounting Officer.

Satyam opens software center in China 
The Indian computer services company is trying to cut its development costs.

Today’s CFO Is a Financial Guardian and Strategic Leader, According to Accounting Management Solutions 
To succeed today, an organization’s chief financial officer frequently serves as guardian of the company’s finances and as a strategic leader. While the two roles require different skill sets, the CFO needs to excel at both.

Resources Global Professionals to Present at Deutsche Bank Securities 2007 Small Cap Growth Conference 
Resources Global Professionals, a leading multinational provider of professional services in areas such as finance and accounting and internal audit, and the operating subsidiary of Resources Connection, Inc. , today announced a management presentation at the Deutsche Bank Securities Small Cap Growth Conference, Feb. 12-14, in Naples, FL.

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EL SEGUNDO, Calif. - DirecTV Group Inc. said Wednesday fourth-quarter earnings more than doubled as the satellite television operator’s subscriber base grew and it changed its accounting for set-top boxes.

Jury Says PricewaterhouseCoopers Should Pay $10M 
A Georgia jury Tuesday dunned PricewaterhouseCoopers $10 million for negligent misrepresentation but rejected civil allegations of fraud and racketeering against the accounting firm. The suit was brought by entrepreneurs Stiles A. Kellett Jr. and Samuel B. Kellett, who had claimed that they sustained $126 million in stock losses after they merged their nursing home firm, Convalescent Services …

DirecTV Q4 Profits Up on Subscriber Gains 
DirecTV Group said Wednesday fourth-quarter earnings more than doubled as the satellite television operator’s subscriber base grew and it changed its accounting for set-top boxes. The El Segundo, Calif.-based company said net income surged to $356 million, or 29 cents per share, in the three months ended Dec. 31 from $121 million, or 9 cents per share, in the year-ago period.

Iran MPs blast ‘accounting trick’ in Ahmadinejad budget 
Iranian MPs have levelled new criticism at President Mahmoud Ahmadinejad’s government, saying the projection for the price of oil in next year’s budget is too low and an “accounting trick.”

Today’s CFO Is a Financial Guardian and Strategic Leader, According to Accounting Management Solutions 
To succeed today, an organization’s chief financial officer frequently serves as guardian of the company’s finances and as a strategic leader. While the two roles require different skill sets, the CFO needs to excel at both.

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Nortel CFO Peter Currie will leave the company on April 30. A chief financial officer (CFO) who helped Nortel Networks recover from an accounting scandal and years of poor results is leaving the company after about two years on the job.

Lawmaker: U.S. sent giant pallets of cash into Iraq 
WASHINGTON (Reuters) — The Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad on giant pallets aboard military planes shortly before the United States gave control back to Iraqis, lawmakers said Tuesday.

Number Of Homestay Providers In Taiwan Tops 2,000 
The number of homestay providers around Taiwan had increased to 2,001 as of the end of 2006, according to tallies released Tuesday by the Directorate General of Budget, Accounting and Statistics (DGBAS).

Cisco earnings match analyst estimates 
Cisco posted net income of $1.9 billion, or $0.31 per share, on revenue of $8.4 billion in its fiscal second quarter financial results reported Tuesday, exceeding revenue but matching earnings per share estimates of analysts.

Nation’s Fastest-Growing Accounting Firm Reduces Storage 67% with Mimosa Systems Email Archiving and Recovery Solution 
SANTA CLARA, Calif.—-Mimosa Systems, a leader in unified information management solutions for enterprise content, today announced that the nation’s fastest-growing accounting firm, The Siegfried Group LLP, has achieved a 67 percent savings in storage requirements for its email communications system by implementing the Mimosa NearPoint for Microsoft Exchange Server to archive and recover data …

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