January 2008



Winona Daily News - She said she changed sides because of stronger cost accounting measures for the U.S. Army Corps of Engineers. The last such veto override happened when Congress dealt President Clinton the second of his two overrides in November 1998. Bush vetoed no

Today’s Horoscopes
Miami Herald - Big gains are possible under the prevailing currents. Weekend travel plans can get off to a good start. Budgets, cost accounting, banking matters, rents, leases, mortgages, insurance, and shopping are all ideally stimulated today. Close emotional

Congress poised for 1st veto override; Minnesota stands to be a big
Minneapolis Star Tribune - Michele Bachmann, who originally voted against the bill when the House passed it in April. Bachmann explained her change of heart this week by citing stronger cost accounting measures for the U.S. Army Corps of Engineers. The White House has

Teledyne Technologies Reports Fourth Quarter Results
TMCnet - Government Cost Accounting Standards (”CAS”) was $2.1 million in the fourth quarter of 2007, compared with $2.2 million. Aerospace Engines and Components The Aerospace Engines and Components segment’s sales were $42.1 million for both the fourth

FOUNDATION For Windows Construction Accounting Software Enhanced
Accounting Software 411 - Integrated system helps contractors gain greater control of their jobs and profitability November 1, 2007 Cleveland - For Immediate Release: Foundation Software, developer of award-winning FOUNDATION for Windows job cost accounting system, now offers

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Mars Today - provide, at NASA’s request, “unrestrained transfer authority between the Exploration Capabilities account and the Science, Aeronautics and Exploration account because NASA needs flexibility as it completes its transition to full cost accounting

Visit Foundation Software at Booth S12651 During the 2008 World of
Accounting Software 411 - Foundation Software is pleased to be involved as an exhibitor at the 2008 World of Concrete. We will be showing the latest release of FOUNDATION for Windows job cost accounting and project management software. Stop by the both to view the showings

Fitting Product Design to Production Efficiency
Industry Week - Don’t expect cost accounting departments to really know what it costs to produce a product.” Lewis adds, “Our DFA analysis has allowed us to accurately forecast the need and cost for assembly tooling and test fixtures, which we’re sometimes able to

UTC Reports Fourth Quarter and Full Year EPS of $1.08 and $4.27, Up 24
PR Newswire - Approximately $80 million pretax gain related to the settlement of a claim by the Department of Defense regarding Pratt & Whitney’s cost accounting practices for engine parts on commercial engine collaboration programs

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HispanicBusiness.com - By using an internal cost accounting system coupled with an operational process management system, KIRA was able to achieve savings ranging from 10 to 27 percent. The enterprise has since patented these innovations and has employed them throughout

Performance and Accountability Report - Fiscal Year 2007 (NUREG-1542
Nuclear Regulatory Commission - The new system will combine the functionality of the existing core accounting, license fee billing, cost accounting, allotment/allowance financial plan, and the capitalized property systems into a single enterprise-wide system. This systems

Health Care REIT, Inc. Reports Third Quarter 2007 Results
MSN MoneyCentral - Historical cost accounting for real estate assets in accordance with U.S. GAAP implicitly assumes that the value of real estate assets diminishes predictably over time as evidenced by the provision for depreciation. However, since real estate

AIP FYI #150: NASA Gets Funding Increase for Space Exploration
Mars Today - provide, at NASA’s request, “unrestrained transfer authority between the Exploration Capabilities account and the Science, Aeronautics and Exploration account because NASA needs flexibility as it completes its transition to full cost accounting

Click Accounting Resources for more information


Accounting Software 411 - Integrated system helps contractors gain greater control of their jobs and profitability November 1, 2007 Cleveland - For Immediate Release: Foundation Software, developer of award-winning FOUNDATION for Windows job cost accounting system, now offers

Health Care REIT, Inc. Reports Third Quarter 2007 Results
MSN MoneyCentral - Historical cost accounting for real estate assets in accordance with U.S. GAAP implicitly assumes that the value of real estate assets diminishes predictably over time as evidenced by the provision for depreciation. However, since real estate

A Knack for Entrepreneurship
HispanicBusiness.com - By using an internal cost accounting system coupled with an operational process management system, KIRA was able to achieve savings ranging from 10 to 27 percent. The enterprise has since patented these innovations and has employed them throughout

News Results: Top Press Releases and News
Accounting Software 411 - Foundation Software, developer of award-winning FOUNDATION for Windows job cost accounting system, now offers contractors an end-to-end solution for managing their jobs and their financials. With the addition of two new add-on modules, Project Mana

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Forbes - Halvin began his career with Hormel Foods in 1985 as an accountant, and served in various positions in cost accounting and treasury. In 1999, he advanced to assistant controller, and in 2000 to treasurer of the company. He was named director of EVA

US Corn Ethanol Economics Shift, But Outlook Bright
CattleNetwork.com - USDA Chief Economist Keith Collins estimated production cost at $1.10 per gallon for dry-mill ethanol plants in late August, with net corn cost accounting for 53 cents of that total. “I read a study the other day that said at $1.80 ethanol, plants

Storm Cat Energy Corporation Provides Operations Update; Announces
PR Newswire - The impairment of $25.0 million is a required calculation of the full cost accounting method that requires flat pricing; this quarter’s price being $1.9855. Strip pricing at the end of the quarter would have yielded a value in excess of our book

Northrop Grumman Q4 EPS Increases to $1.32, 2007 EPS Totals $5.16; EPS
PR Newswire - Government Cost Accounting Standards. As previously announced, beginning in the 2007 first quarter, Radio Systems is reported as part of Mission Systems. Schedule 6 of this earnings release provides previously reported quarterly financial results

Bonterra Energy Income Trust Announces Third Quarter Results
CNW Group - The Trust believes that the successful efforts method of accounting provides a more accurate cost of the producing properties than the alternative measure of full cost accounting. Provision for depletion, depreciation and accretion was $10,278

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CNBC - That value can take many forms, including lower upfront or all-in costs, better service, greater efficiency, faster delivery, full cost accounting or lower risk.” California would not contract with a private company to build and manage a public

Future Phone System Studied
Westport News - Greater reporting and cost accounting abilities. - Fiber optic advantage. Takes full advantage of and allows the town and Board of Education to leverage their existing investments in their fiber optic infrastructures. - Ease of integration. Will allow

Leading Bedding Manufacturer Finds Comfort in Microsoft Dynamics AX
PR Newswire - The improved level of accuracy provided by the Microsoft technology is very important to Spring Air, especially for cost accounting. It will allow the company to calculate the actual costs of manufacturing its product

M&A Rule Is the First to Go Global
CFO.com - Indeed, the new rules FAS 141(R), Business Combinations, and FAS 160, Noncontrolling Interests in Consolidated Financial Statements represent a major departure from the historical cost accounting that many companies use now. “The most

Teledyne Technologies Reports Fourth Quarter Results
TMCnet - Government Cost Accounting Standards (”CAS”) was $2.1 million in the fourth quarter of 2007, compared with $2.2 million. Aerospace Engines and Components The Aerospace Engines and Components segment’s sales were $42.1 million for both the fourth

Click Accounting Resources for more information


Forbes - Approximately $80 million pretax gain related to the settlement of a claim by the Department of Defense regarding Pratt & Whitney’s cost accounting practices for engine parts on commercial engine collaboration programs

Warren Wilson College gets grant for new environmental curriculum
Asheville Citizen-Times - Swannanoa Warren Wilson College has been awarded a $193,265 grant from the Arthur Vining Davis Foundations to develop a new environmental curriculum, Advancing Environmental Literacy. Using the concept of full cost accounting, the Advancing

Morning Bulletin
ePolitix.com - The Office for National Statistics releases data on distributive and service trades, and index of services, price Index numbers of current cost accounting, productivity in Q3, the public sector finances, and retail sales. The European Central Bank

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CFO.com - Responsible for all accounting transactions within Gilead, including general accounting, cost accounting, credit/collections, payroll, AP, worldwide accounting consolidations, SEC reporting, and technical accounting research - Set strategic direction

Fitting Product Design to Production Efficiency
Industry Week - Don’t expect cost accounting departments to really know what it costs to produce a product.” Lewis adds, “Our DFA analysis has allowed us to accurately forecast the need and cost for assembly tooling and test fixtures, which we’re sometimes able to

Veteran Government Contracts Attorney Bruce Shirk Joins Sheppard
Earthtimes - Shirk focuses his practice in the areas of government and construction contract law and litigation, including cost accounting issues, defense and aerospace contracting, Medicare and Medicaid contracting and related areas of law including Medicare

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Forbes - Government Cost Accounting Standards (”CAS”) was $2.1 million in the fourth quarter of 2007, compared with $2.2 million. Aerospace Engines and Components The Aerospace Engines and Components segment’s sales were $42.1 million for both the fourth

Dare to Venture
MSNBC - We teach them budgeting, we teach them cost accounting, and we hold their feet to the fire if they miss their budgeted numbers.” D’Annunzio, who got help filling key management positions and developing a less cumbersome payment system for suppliers

Future Phone System Studied
Westport News - Greater reporting and cost accounting abilities. - Fiber optic advantage. Takes full advantage of and allows the town and Board of Education to leverage their existing investments in their fiber optic infrastructures. - Ease of integration. Will allow

Bonterra Energy Income Trust Announces Third Quarter Results
CNW Group - The Trust believes that the successful efforts method of accounting provides a more accurate cost of the producing properties than the alternative measure of full cost accounting. Provision for depletion, depreciation and accretion was $10,278

Click Accounting Resources for more information


CNW Group - The Trust believes that the successful efforts method of accounting provides a more accurate cost of the producing properties than the alternative measure of full cost accounting. Provision for depletion, depreciation and accretion was $10,278

M&A Rule Is the First to Go Global
CFO.com - Indeed, the new rules FAS 141(R), Business Combinations, and FAS 160, Noncontrolling Interests in Consolidated Financial Statements represent a major departure from the historical cost accounting that many companies use now. “The most

Joy Global Q4 Profit Declines; Guides FY08 - Update [JOYG]
RTT News - In that capacity, he was in charge of all corporate finance and accounting activities in Asia including fiduciary and corporate governance, financial reporting and SOX compliance, corporate tax, cost accounting and credit management, as well as all

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