'Exceptionally bright' Oct 1, 2009
This had been for services supposedly rendered by manipulating Engen's accounting system. Prosecutor Derrik Vogel said Andrew was in March last year sentenced to three year's house arrest, in plea-bargain proceedings. (iAfrica.com)
AUDIT RECOMMENDATIONS TO BE IMPLEMENTED Oct 1, 2009
He also pointed to a proposed change of the city s financial and accounting systems as helping with such internal controls. The city s current accounting system is about 30 years old. (Pine Bluff Commercial, AR)
Probe seeks details about utilities issue (4) Sep 30, 2009
We have granted extensions to non-profit groups and even State agencies which have experienced programmatic funding delays, delayed budget approvals, accounting systems breakdowns, and bureaucratic processing issues. The decision to grant an extension for periodic payment plan is based upon individual judgments of financial status, past performance, and impact on community members served by the organization. (Washington Daily News, NC)
Ex-aide convicted of bilking Danielle Steel Sep 30, 2009
To hide what she had done, Watts made false entries in the accounting system of Steel's business operation, TPA Co., prosecutors said. Watts also tried to evade much of the federal income tax she owed for 2004 through 2007, according to the Internal Revenue Service. (San Francisco Chronicle -- Crime)
Body Left Decomposing in Hospital for Four Days Sep 30, 2009
"While the hospital has documented processes for the viewing of deceased persons, in this instance it was individual human error that caused the body to remain, inappropriately, in the viewing area,'' the hospital said in a statement. The worker involved in the incident was reprimanded and policies were being reinforced to staff, the hospital said. New South Wales Opposition health spokeswoman, Jillian Skinner said procedures at the hospital were not working. "How could a body be lost for four... (Fox News)
HSBC bids farewell to dollar supremacy... Sep 25, 2009
Would "protectionism enable us to use this now idle resource? And what would the effect be. Nowadays because of the depression even persons with skills cannot find jobs. What is awry? We have people with skills willing to work. We have the machinery, the infrastructure available in which they can do productive work. And we have people willing to consume goods. so what is the reason for the malaise? Is it an antiquated accounting system, whose requirements lead to periodic idling of production so... (The Drudge Report)
Entrepreneurial Tightrope Sep 23, 2009
Call an accountant to help you set up an accounting system and to assist you in selecting accounting software. Legal concerns. (USA Today -- Money)
Layoff leads to successful IT company Sep 23, 2009
At the time, McGladrey s IT consulting practice was performing accounting system implementations and outsourced IT services for its audit clients. The auditing profession was also undergoing a significant transformation. (Reading Advocate, MA)
•Audit of town's records shows errors Sep 22, 2009
An audit of the financial records in Whiteland revealed multiple errors over two years that are being blamed on a new accounting system the town got in 2006. Whiteland Clerk-Treasurer Michelle Gabehart is working to address the issues raised in the town's two-year audit, which looks at how the town spends property tax money, utility fees and other tax money. (The Daily Journal)
Perdue cuts off ACORN Sep 18, 2009
7 million financial records in the state's computerized accounting system. The search turned up a single, $104,000 contract with ACORN Institute, an affiliate of ACORN.. (Athens Banner-Herald)
SEBI asks MF houses to get systems audit done once in 2 yrs Sep 18, 2009
SEBI also pointed out that the systems audit should be comprehensive encompassing audit of systems and processes inter alia related to examination of integration of front office system with the back office system, fund accounting system for calculation of net asset values, financial accounting and reporting system for the fund houses or Asset Management Companies. Read business stories in. (India Times)
SOFTWARE COULD UP BUSINESS EFFICIENCY Sep 17, 2009
The city s current accounting system is about 30 years old, Miller said. . (Pine Bluff Commercial, AR)
•NEW: Child support payments delayed Sep 17, 2009
Indiana's child services agency has warned parents that some child support payments could be delayed as the state switches to a new computerized accounting system. State officials say that to make the switch, workers had to stop processing payments for a short time. (The Daily Journal)
PAMF to transfer 200 jobs to Sacramento Sep 17, 2009
Savings will come from lower operating costs, conversion to a common patient accounting system and "implementation of best practices across all Sutter Health medical foundations," the company said. PAMF has 900 affiliated physicians and 4,500 employees in the Bay Area, who work at medical centers and clinics in Alameda, San Mateo, Santa Clara and Santa Cruz counties. (San Jose Business Journal, CA)
Blockbuster Will Close Up to 960 Stores Sep 16, 2009
I quit going to them and started using Hollywood Video because their accounting system was all screwed up. I'd take a movie back and they'd tell me I never returned it or it got returned late. (CBS News)
Portland set to take $58 million in stimulus Sep 11, 2009
A separate accounting system will be set up to track the money and report back each quarter. Rules also require buying American goods, paying fair wages, and protecting whistleblowers. (KGW Northwest NewsChannel 8, OR)
Nigeria: Opec Maintains Output Targets As Oil Nears $73 Sep 11, 2009
Meanwhile, practical steps towards remedying the chaotic accounting system in Nigeria's oil industry have begun with a specialised firm in hydrocarbon measurement, Telemetry Nigeria Limited (TNL) appointed by Nigeria Extractive Industries Transparency Initiative (NEITI) swinging into action. At OPEC's 154th meeting, which ended in Vienna, Austria, yesterday morning, the group resolved that there was no need to change production in view of current price rally and instead called for stricter... (allAfrica.com)
Auditor: Palo Alto lax about phone oversight Sep 5, 2009
Perez's memo also states that once the city adopts the new contract, the new rates will be entered into the "Internal Call Accounting system," which would "allow the city to disperse monthly call details to departments with accurate rates, and will allow departments to review call details for appropriate use and reimbursements." The memo acknowledges that the city's oversight for telecommunication services has been insufficient. "This was due to staff reductions, including a frozen IT Manager... (Palo Alto Online, CA)
City urged to scrap its aging computers Sep 5, 2009
Pittsburgh's clunker of a computer accounting system, which has been sputtering along for a decade and stalled badly in April, had better be on the way to the scrap heap by mid-October if the city wants state approval of its 2010 budget, one of its fiscal overseers said yesterday. The city has been in talks with Allegheny County and software firm Oracle about putting the city's accounting system on the county's computers ... 5 million earmarked for an accounting system upgrade -- part of the... (Pittsburgh Post-Gazette, PA)
More news reports... Sep 4, 2009
The implementation of a new accounting system has slowed down many of refunds students are expecting causing them to scramble for money elsewhere. . (The Battalion, TX)
Electronic Bill-Payment Service Saves Time and Money Sep 3, 2009
Also, bank systems don t synchronize with accounting systems such as QuickBooks a must-have feature for small businesses, but not a big concern for consumers ... The payment process seamlessly synchronizes with small business accounting systems, which eliminates double entry and the errors often associated with it ... The ePayments service provides a paperless integration of banking and accounting systems with no duplication and a one-click payment process, he said. (SmallBusinessComputing)
Wrong Swiss city Sep 2, 2009
An accounting system that takes a company that has reduced risk intelligently and makes its profits subject to wild uncontrollable swings with no economic basis in reality is not doing its job. It's as simple as that. (Asia Times Online)
Lehman Claims Could Reach $100 Billion: PwC Aug 31, 2009
" A significant amount of the claims arose as a result of guarantees issued by the parent company to its subsidiaries, the administrator said. PwC said it had worked with administrators in other affiliates to understand Lehman's accounting system so a standard approach to the reconciliation of inter company balances could be agreed. "If this can be achieved then it should reduce the likelihood of affiliates suing each other in pursuit of amounts that are owed between the different Lehman... (ABC News -- Wire)
Your views: Letters to the editor Aug 30, 2009
One, they submit their accounting system to a state audit. Two, they give full disclosure of all salaries and bonuses paid to the top 10 executives in the past six years. (Florida Today)
School override's pros, cons presented Aug 28, 2009
Arizona s complex accounting system allows organizations that rank education spending to misstate facts. Including all Arizona s funding, more than 9,000 per pupil per year, would rank us in the middle of the states. (Sierra Vista Herald, AZ)
Office of Inspector General gives blueprint of plans for year Aug 26, 2009
According to the report, the impact of errors in this area of the city's accounting system could be staggering to the city's total personal services expenditures, which were budgeted at nearly $278 million in 2009. WWLTV. (WWLTV.com, LA)
Federal Stimulus Money Will Fund 10 Nevada Programs Aug 25, 2009
Nevada Controller Kim Wallin says her office has entered 10 work programs to be funded by American Recovery and Reinvestment Act money into the state accounting system, meaning checks can be accepted and written. Wallin on Monday said her office released the programs after receiving a written opinion from Attorney General Catherine Cortez Masto that said Gov. Jim Gibbons acted within his authority when he signed an executive order claiming a potential loss of life or property if the programs are... (KLAS-TV)
Green.view: Computing climate change Aug 25, 2009
The delivery of computer services over the internet, from vast warehouses of shared machines, enables firms to hand over the running of their e-mail, customer databases and accounting systems to someone else. Companies that do so use computers more efficiently and thus reduce not only their costs but also their carbon footprints. (The Economist)
Reporting reforms to save business $800m Aug 25, 2009
The government released new Standard Business Reporting (SBR) taxonomy and tools on Tuesday so that software developers can begin building programs for their business and accounting systems. Mr Bowen said this was a "significant milestone" towards the Council of Australian Governments' (COAG) seamless national economy reform agenda, established to cut red tape for business and increase productivity. (Sydney Morning Herald -- Business)
Lean times for HCC budget Aug 22, 2009
An issue noted was the need for the staff in the business office to have additional training for the accounting system. Armstrong said three people in the business office left around the same time with up to 25 to 30 years of experience. (Roanoke Rapids Daily Herald, NC)
Mills urges Ministers to establish effective monitoring system Aug 15, 2009
Koforidua, Aug. 14 GNA - President John Evans Atta Mills on Friday tasked Regional Ministers to establish an effective monitoring and accounting system to ensure that funds are managed in an acceptable manner. "If we do not do things right and in the proper way, we must know that Ghanaians will ask us legitimate questions just as they are asking our predecessors.". (Ghana Web, Ghana)
Public Accounts Committee to begin public hearing Aug 10, 2009
Mr Edwin Arthur, Dean of the Parliamentary Press Corps, said the drama that unfolded at the maiden public hearings of the PAC and what was happening at the on-going probe at the Ghana @ 50 celebrations, had exposed some flaws and weaknesses in the country's public accounting system. Source:GNA. (Ghana Web, Ghana)
PNC Using ACH Archive to Aid Searches, Fraud Detection Aug 4, 2009
PNC uses 's PEP-Plus ACH processing system to post transactions to its accounting systems, Stone said, but the software is designed more for processing than long-term storage, he said. "PEP-Plus doesn't lend itself well to doing the kind of investigations we needed to do.". (American Banker)
State's long spending spree halted abruptly Aug 3, 2009
The state has "an ongoing problem of a distorted accounting system," said Daniel J.B. Mitchell, professor emeritus at UCLA's Anderson Graduate School of Management and School of Public Affairs. Spending patterns have also changed over time, with the state taking charge of expenses that previously were overseen by local and county governments. (San Francisco Chronicle)
North Andover officials not concerned over deficit in Hottels former district Jul 31, 2009
Hottel and Mealey both blame an antiquated accounting system used by the city of Nashua for the deficit, which did not become apparent until final fiscal year spending reports came out ... Hottel said Nashua s mayor has been pushing for funds to get a more accurate accounting system for the city, and he stressed his support for her efforts ... The other part of the problem was what appears to be an antiquated accounting system that the city uses. (North Andover Citizen, MA)
Business of the Month: Dirty Deeds Done Dirt Cheap Jul 31, 2009
Hiring Janet Doyle from Professional Bookkeeping Services to set up my Quick Books accounting system was money well spent. Tell us a memorable story about your business. (Pembroke Mariner, MA)
Tollgrade Sends Letter to Its Shareholders Jul 31, 2009
For reasons that are unclear to us, notwithstanding the extremely effective functioning of your Board's Audit Committee and the strong and extremely competent leadership of the Audit Committee that has been provided by Mr. Mullins, the Ramius Group is seeking to cause Mr. Mullins and the other members of your Board's Audit Committee to be replaced with entirely new members who lack in-depth historical knowledge of, or intimate familiarity with, Tollgrade's accounting systems and processes for... (PR Newswire)
Perdue: ‘Enron-like accounting’ at DOT Jul 28, 2009
In May or June 2008, as the fiscal year was about to end, Mahfuz, then the treasurer, told his staff to stop entering a group of additional charges into its accounting system, the inspector general s report said. The charges for that fiscal year change orders and executed contracts totaled $153. (Atlanta Journal-Constitution -- Metro)
On Health Care, It's Hurry Up and Wait Jul 25, 2009
With a multitude of health insurance companies having their own accounting systems, I hear care providers spend inordinate amounts of time just to get out the bill. Then they have to argue and dicker for payment so they may talk to different departments even within one insurance company. (CBS News -- Politics)
County parks busier than ever Jul 23, 2009
"It takes many hours to do the budget," he said, "because I have to think about what we need and don't need." The accounting system has also been abbreviated, so that it takes more time to get used to new account numbers and descriptions. The Ward O'Hara Agricultural Museum has also been highly active, with 2,790 visitors already this year. (Auburn Citizen, NY)
Obama Mounts "Aggressive" Health Care Push Jul 21, 2009
I think we can cut down on inefficencies, like having several different accounting systems in health insurance. And, nurses are plagued by redundant and confusing tasks. (CBS News)
SSC study: Recession increasing ranks of the self-employed Jul 19, 2009
Many of these proprietors come to the table with their incredible talent but with little understanding of what it takes to maintain their own accounting systems or provide insurance coverage for their families. Contrary to the scuttlebutt and more in line with the actual trends of recent recession, the Enterprise Center at Salem State College holds reason to hope for the economic future of the North Shore. (Danvers Herald, MA)
Consumer bill could create prepaid card headache Jul 18, 2009
In addition, a rigorous accounting system is required. "Every supplier (other than banks) must be able to account separately for all amounts paid by a consumer and exercise care and diligence when performing such accounting," she said. (Business Report, South Africa)
U.S. seizes Caraco drugs over manufacturing problems Jul 17, 2009
E2 Shop System includes a complete and integrated accounting system specifically designed for manufacturing. Featured. (Yahoo News -- Pharmaceutical Industry News)
Foundation acts to protect its finances (6) Jul 9, 2009
She orchestrated her theft by creating legitimate-looking expenses in the foundation s accounting system, then writing checks to cash, said Tom Anglim, the assistant district attorney who prosecuted the case. She was either creating transactions falsely within the computer system of the hospital foundation or inflating actual transactions, Anglim said. (Washington Daily News, NC)
Transportation reform in place, but not over Jul 9, 2009
MassDOT will operate on the same accounting systems and fiscal year as the state to create a level of consistency and transparency that was missing under the Turnpike Authority. It will also assume all remaining debt from the Big Dig and be able to engage in public-private partnerships to help fund investments in our transportation systems. (Boston Globe)
City accounting system set to crash Jul 8, 2009
Calling the situation "dire," Pittsburgh Controller Michael Lamb yesterday urged the prompt merger of the city's teetering accounting system with Allegheny County's well-maintained one, lest a software crash plunge the half-billion-dollar city operation into financial darkness ... The accounting system doesn't enforce the city's bidding rules. (Pittsburgh Post-Gazette, PA)
Taxman raises the stakes on corporate tax risk Jul 7, 2009
Thus the chief financial officer or finance director is required to certify personally that adequate accounting systems are in place to ensure the accuracy of the companys tax reporting ... Take reasonable steps to establish and monitor accounting systems within their companies that are adequate for accurate tax reporting ... Certify annually that the accounting systems in operation are adequate for the purposes of accurate tax reporting or alternatively of any inadequacies and confirm that... (The Star Online, Malaysia -- Business)
Myths ruined the economy Jul 4, 2009
Is there something wrong with an honest accounting system instead of Black-Scholes. The English thought that Hitler was no threat. (Lodi News Sentinel, CA)
Rep. Dwyer offers legislative update Jul 3, 2009
4) Requires MassDOT to use the state fiscal year and the state s accounting system, to prevent the lack of transparency that plagued the Turnpike Authority. 5) All active MBTA employees and all retirees are transferred to the Commonwealth s Group Insurance Commission effective Jan. 1, 2010. (Woburn Advocate, MA)
States set to ring in Independence Day sans budget Jul 3, 2009
When your accounting system falls short in budgeting capabilities, you need RealBRIDGE. Integrate your spreadsheets with accounting database seamlessly and without programming. 10 Months Ago I Was Broke Want To Learn My Proven Formula. (Yahoo News -- Top Stories)
SRP profit up 5 percent from rate hikes Jul 1, 2009
Most of the increase is attributed to a new accounting system that accelerates revenue recognition, Chief Financial Executive Mark Bonsall said, and the rest is from higher rates and a more favorable mix of sales among households and businesses. Revenue was slightly higher at $2. (AZCentral -- Business)
Superior Court shifts ... Jul 1, 2009
Guzman likes the built-in accounting system that includes a general ledger, he said. Who pays. (Nogales International, AZ)
Common cause Jun 30, 2009
Walsh said it was also crucial to help countries build up technical expertise on REDD, with the Australian government funding a separate programme to help Indonesia develop a national carbon accounting system. What you need to do is get countries to the level that is required to participate in the compliance arrangements, whether it be a market or a fund, said Walsh, assistant secretary of the International Negotiations (Forest and Adaptation) Branch. (The Star Online, Malaysia)
Staying Cool If Inflation Heats Up Jun 27, 2009
They're also double-checking their accounting systems. Page. (BusinessWeek)
NB council agrees to clear up overdue water bills Jun 25, 2009
First Ward Councilman Robert Thompson said he believed the council needs to be reasonable about collecting the overdue bills and insist only on collecting the actual amount due and to waive the fines, especially on bills that no effort has been made to collect on for a few years because they were lost in the accounting system. Mayor Terry Shaw agreed, along with the rest of the council. (Fulton Sun, MO)
SunGard and RBC Dexia Launch Integrated Service to Deliver a Global Fund Marketplace Jun 22, 2009
STN Funds provides customers with access to global mutual funds, UCITS and exchange traded funds, and facilitates straight-through processing between fund companies and a variety of bank, brokerage and retirement recordkeeping and accounting systems. The number of fund investments and the variety of fund choices continue to grow worldwide. (Canada Newswire)
Life on accountancy's online frontier Jun 17, 2009
Accountant and Cloud pioneer Ray Backler moved all of his clients to an online accounting system back in 2004 ... The iPhone is fine for some internet access, but when he wants mobile access to the Liberty online accounting system Backler opts for an HTC Shift "tablet" laptop, because it has a much larger screen and offers mobile broadband anywhere 3G+ is available. (Accounting Web, UK)
Kirkton Shoop joins Continental Prison Systems, Inc. (CPSI) as Vice-President of Business Development Jun 17, 2009
These businesses will include companies offering commissary, messaging, phone systems, jail management systems and accounting systems that are already providing their services to this market segment. Prior to joining CPSI, Kirk was the Engineering/Marketing Manager for Carrier Access Corporation, Boulder, Colorado, a company he co-founded. (Primezone Releases)
FIN (Financial Information Network) Celebrates 40th Year as Investment Industry Resource Jun 5, 2009
Since 1969, FIN's portfolio management and accounting system has been a strong foundation on which money managers rely to run their businesses ... The firm's sophisticated trading and investment accounting system is robust, scalable, reliable and user-friendly. (PR Newswire)
China security tight in Tiananmen Jun 4, 2009
E2 Shop System includes a complete and integrated accounting system specifically designed for manufacturing. Custom Tour Packages To Beijing. (Yahoo News -- Top Stories)
DHL Turns to IBM to Deliver Intelligent Insight to Improve Operations and Customer Profitability Jun 3, 2009
About 500 managers at all levels are able to view spreadsheet-based reports that are ready the day after the monthly results are finalized in the accounting system. It used to take three employees working one week to produce these reports when the company had revenues of $1 billion. (PR Newswire)
Congressional Spending: High-End Laptops, TVs Jun 2, 2009
A Guarded Accounting System. According to the WSJ, House lawmakers submit receipts to the chief administrative officer, who publishes a statement each quarter that consumes more than 3,000 pages. (Newsmax)
Julius E. Coles to Retire from Africare Jun 2, 2009
Financial stability has been achieved through introducing new controls and financial software, instituting and standardizing an innovative accounting system across headquarters and 25 Africa field offices, and streamlining budgeting and reporting systems. As a result, Africare today spends a full 93 cents of every dollar on programs, with only 7 cents spent on administrative and fund raising costs, earning top ratings from Charity Navigator, the American Institute of Philanthropy, and the Better... (allAfrica.com)
Credit Unions to switch to automated system - GM May 31, 2009
Accra, May 30, GNA - The Ghana Co-operative Credit Unions Association (CUA) will switch to an automated accounting system by the end of this year, initially with some 100 accounts, its General Manager said at the weekend. Speaking to the Ghana News Agency in Accra, Mr Emmanuel Oduro Darko said all credit unions under the CUA would be hooked to the automated system within the next three years. (Ghana Web, Ghana)
