Crew Energy Issues 2008 Second Quarter Financial and Operating Results Aug 11, 2008
In February 2008, the CICA Accounting Standards Board ("AcSB") confirmed the changeover to International Financial Reporting Standards ("IFRS') from Canadian GAAP will be required for publicly accountable enterprises interim and annual financial statements effective for fiscal years beginning on or after January 1, 2011. The AcSB issued the "omnibus" exposure draft of IFRS with comments due by July 31, 2008, wherein early adoption by Canadian entities is also permitted. The Canadian Securities... (CCNMatthews Press Releases)
Ventas Reports 20 Percent Increase in Second Quarter Normalized FFO to $98.7 Million Aug 6, 2008
Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values instead have historically risen or fallen with market conditions, many industry investors have considered presentations of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. (PR Newswire)
More of this story Jul 29, 2008
wrote on Jul 28, 2008 9:41 AM:" Repeat after me:I don't know anything about how the public education system works. I know nothing about school law, Federal mandates, the Academic Performance Index, Adequate Yearly Progress, SOPI scores, the Oklahoma Cost Accounting System, and local school board policy.Furthermore, I am blissfully ignorant in matters of instruction. Concepts such as differentiated instruction, learning styles, curriculum alignment, and integrated learning are foreign to me.I... (Bartlesville Examiner-Enterprise, OK)
Boston Properties, Inc. Announces Second Quarter 2008 Results Jul 23, 2008
Management generally considers FFO to be a useful measure for reviewing our comparative operating and financial performance because, by excluding gains and losses related to sales of previously depreciated operating real estate assets and excluding real estate asset depreciation and amortization (which can vary among owners of identical assets in similar condition based on historical cost accounting and useful life estimates), FFO can help one compare the operating performance of a company's... (PR Newswire)
The business case of IFRS in Indian context Jul 18, 2008
The accounting framework in India has been characterized by relatively less complex accounting guidance with a bias towards historical cost accounting and focus on the contractual form of the arrangement. Therefore, audit committee awareness of concepts around fair value recognition and measurement, reflecting the substance of the arrangement and applying relatively more complex accounting concepts and models is likely to be low. (India Times)
UC is Primary Prevailing Party Jul 18, 2008
Neither side has yet submitted a cost accounting, so the parties agreed to handle the issue in post-judgement motions and rulings. It is clear, nevertheless, that major costs are involved due both to the 18 month length of the case and the huge amount of documentation that both sides have had to prepare. (GoCyberBears.com)
State details allegations of excess profits at 40B Jul 13, 2008
Nancy Tavernier, chairwoman of the Acton Community Housing Corporation, said that when the Crossroads project began in 2003, there were far fewer regulations involving cost accounting. At the time, oversight of such developments fell to municipal bodies, such as the ACHC, often with little experience or knowledge of what exactly they were supposed to be looking for. (Acton Beacon, MA)
Enforcing budgetary discipline for oil contractors Jul 3, 2008
5 billion in potential losses to the state caused by what its auditors called excessive cost accounting. Finance Minister Sri Mulyani Indrawati had alleged as early as October 2006 that oil production-sharing contractors used cost-recovery accounts as a dumping ground for expenses, irrespective of their relevance to exploration or production costs. (Jakarta Post, Indonesia)
Find Project Software Jul 2, 2008
ClickTime is an easy-to-use web timesheet system for billing, cost accounting, and payroll ... Easy-to-use web timesheet system for billing, cost accounting and payroll. (LinuxPlanet)
Flagship Energy Inc. Announces Filing of Revised Financial Statements Jul 1, 2008
This had the effect of overstating reported write-downs of property plant and equipment and affected the calculation of loss on sale of oil and gas properties under full cost accounting. ADVERTISEMENT. (CCNMatthews Press Releases)
* Just who needs the humanities? Jun 30, 2008
This idea is lost in todays cost accounting for universities, which treats what transpires between teacher and student in the classroom as akin to what happens between producer and consumer in the market. In both cases, it is assumed that the value of the exchanged good is decided shortly after its delivery according to how it satisfies an immediate need. (Taipei Times, Taiwan -- World)
Zero Emissions Pricing? Jun 27, 2008
What to do with the excess revenues generated between the cost accounting basis for rates and the higher prices created through emissions cost accounting. The following are a range of possible answers that singularly or in combination address the issue of consumer backlash and excess revenues. (Energy Pulse, CO)
Niko Resources Announces Fourth Quarter & Year End Financial Results Jun 25, 2008
Proved Oil and Natural Gas Reserves, Full Cost Accounting, the Ceiling Test and Depletion Expense. The Company follows the Canadian full cost method of accounting whereby all costs related to the exploration for and development of oil and natural gas reserves are initially capitalized and accumulated in cost centres by country. (CCNMatthews Press Releases)
WIT confers 533 degrees, diplomas, certificates May 17, 2008
Minh Q. Le, accounting, accounting specialist, cost accounting, and payroll clerk. Cindy A. Bride, accounting specialist, cost accounting, and payroll clerk ... Mai-Hoang Vo, cost accounting. (Sioux City Journal, IO)
Financial & Business Analyst (3122) May 15, 2008
Find Jobs - Financial ess Analyst (3122) Jobs in Southern, MS - Tower Automotive. This push pin is accurate to city level. (The Clarion-Ledger)
VENTAS REPORTS FIRST QUARTER NORMALIZED FFO OF $92.4 MILLION AND FAD OF $87.8 MILLION May 7, 2008
64 Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values instead have historically risen or fallen with market conditions, many industry investors have considered presentations of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. (PR Newswire)
American Airlines posts loss on fuel costs Apr 17, 2008
$7 online stock trades. AMRs results could portend difficult year ahead for the industry. (MSNBC -- Business)
Press Release: Communiqu of the International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund Apr 14, 2008
The Committee looks forward to the introduction of comprehensive cost accounting of Fund activities. It encourages further work by the Executive Board on the design of investment policies under the Fund's expanded investment authority, with a passive investment approach that closely tracks widely used benchmark indices; the operationalization of the new framework for setting the basic rate of charge; the review of the role and adequacy of precautionary balances; the need for a dividend policy;... (IMF News)
College adds three programs Apr 7, 2008
Two courses have been added to accommodate the entrepreneurship program: cost accounting and entrepreneurial finance. The program is designed for students who plan on owning or operating new businesses or improving operations at existing businesses. (Casper Star-Tribune, WY)
Accounting course to open up new avenues Apr 4, 2008
The course would comprise of four papers 00004000 __ accounting; law, general commercial knowledge and business communication; cost accounting and financial management; and taxation (direct and indirect). Jain said the economic growth over the last few years and increased corporate activity had created a huge demand for such professionals. (Times of India)
Discovery Labs Adds Two Executives to Its Management Team Mar 27, 2008
Mr. Tattory brings significant financial capabilities to Discovery Labs, including eight years at Bristol-Myers Squibb Company (his most recent position as Finance Director -- U.S. Pharmaceuticals Cardiovascular / Metabolic Business Unit) where he was responsible for financial planning and analysis, product forecasting and pricing, sales' operations, cost accounting, budgeting, and financial management for strategic alliances. Prior to joining Discovery Labs, John served as Director, Financial... (Primezone Releases)
New Limits to Growth Revive Malthusian Fears Mar 27, 2008
OTHER FREE CONTENT FROM THE WALL STREET JOURNAL EDITORS' PICKS BLOGSMost Popular Posts1. Also read these stories. (Yahoo News -- Global Economy)
The Recycling Corner: March 20 Mar 21, 2008
True cost accounting. The price of a product does not currently reflect the full costs of the environmental degradation and public health impacts associated with the virgin resource extraction, processing, manufacture, transportation and disposal of that product. (Brookline TAB, MA)
The fair-value fall-out. By Rob Lewis Mar 21, 2008
Furthermore, such valuation techniques will of necessity be more complex than the old cost accounting method or the fair value system they are intended to temporarily substitute ... In the UK, he finally gained the upper hand over cost accounting in 2005, when IFRS came into force for UK corporations. (Accounting Web, UK)
Twin Butte Energy Reports Fourth Quarter & Year End 2007 Results Mar 20, 2008
Full Cost Accounting The Company follows the Canadian Institute of Chartered Accountants' guideline on full cost accounting in the oil and gas industry to account for oil and gas properties. Under this method, all costs associated with the acquisition of, exploration for and development of natural gas and crude oil reserves are capitalized and costs associated with production are expensed. (Canada Newswire)
Crocotta Energy Announces 2007 Financial and Operating Results Mar 20, 2008
Full Cost Accounting - The Company follows the full cost method of accounting whereby all costs related to the acquisition of, exploration for, and development of oil and natural gas reserves are capitalized and charged against earnings. These costs, together with the estimated future costs to be incurred in developing proved reserves, are depleted or depreciated using the unit-of-production method based on the proved reserves before royalties as estimated by independent petroleum engineers. (CCNMatthews Press Releases)
TUSK Energy Corporation: Financial and Operating Results for the Three Months and Year Ended December 31, 2007 Mar 18, 2008
Full Cost Accounting Ceiling Test. Oil and gas assets are evaluated at least annually to determine that the costs are recoverable and do not exceed the fair value of the properties. (CCNMatthews Press Releases)
Masters Energy Inc. Reports 2007 Results Mar 17, 2008
Masters performs an annual ceiling test in accordance with the Canadian Institute Chartered Accountants' full cost accounting guidelines, using forecasted prices determined by the independent qualified reserves evaluator who evaluates Masters' reserves. At December 31, 2007, the impairment recognition portion of the ceiling test indicated that the estimated undiscounted future cash flows from proved reserves exceeded the carrying values of producing petroleum and natural gas properties and,... (CCNMatthews Press Releases)
Aurora Oil & Gas Corporation Announces Year-End 2007 Results Mar 8, 2008
" Conference Call Details At this time, the Company has elected not to host a conference call. Instead, management anticipates hosting a conference call on or around April 30, 2008. At that time it is expected that more conclusive information may be shared about proposed changes in corporate and capital structure, anticipated capital expenditures, and upcoming events. In the interim, all questions may be directed to the Investor Relations contact below. Selected Unaudited Quarterly Financial... (PR Newswire)
NuVista Energy Ltd. Announces 2007 Year End Results Mar 7, 2008
(c) Full cost accounting ceiling test - The carrying value of property, plant and equipment is reviewed at least annually for impairment. Impairment occurs when the carrying value of the assets is not recoverable by the future undiscounted cash flows. (CCNMatthews Press Releases)
KDWP infused by feds' funds Mar 6, 2008
"We have to do a very exact cost accounting of those funds," Miller said. State parks receive their funding through issuances of resident and non-resident fishing licenses, hunting and fishing licenses, trout stamps, deer permits and everything that is required to hunt fish. (Pratt Tribune, KS)
Fairborne Energy Ltd. ("Fairborne") Announces 2007 Financial and Operating Results and Reserve Summary Mar 4, 2008
FULL COST ACCOUNTING CEILING TEST. The carrying value of petroleum and natural gas properties and equipment is reviewed at least annually for impairment. (CCNMatthews Press Releases)
Insight: True impact of mark-to-market on the credit crisis Feb 29, 2008
Financial Times FT.com. All times are London time. (FT.com -- Markets)
Penn West announces fourth quarter and year end results Feb 22, 2008
In the determination of financial results, we must make certain significant accounting estimates as follows: Full Cost Accounting We use the full cost method of accounting for oil and natural gas properties. All costs of exploring for and developing oil and natural gas reserves are capitalized and depleted against associated oil and natural gas production using the unit-of-production method based on the estimated proved reserves with forecast commodity pricing. (PR Newswire)
Ventas Reports Ten Percent Rise in 2007 Normalized FFO Per Common Share to $2.69 Feb 14, 2008
05 per share," Cafaro stated. SUNRISE PORTFOLIO Total Portfolio The Company's senior living operating portfolio contains 79 communities in North America that are managed by Sunrise Senior Living, Inc. (NYSE: SRZ) ("Sunrise"). Ventas owns 100 percent of 18 of these communities and has a partnership share of between 75 percent and 85 percent in the remaining 61 communities, with Sunrise owning the minority interest in those 61 communities. Ventas's partnership share of Net Operating Income after... (PR Newswire)
CIE lender wants to make credit bid for ethanol plant Feb 13, 2008
"More careful cost accounting would have helped people realize sooner that this was going to run out of money," King said. Comments. (Canton Daily Ledger, IL)
Value pricing: a debate without end. By Rob Lewis Feb 13, 2008
People say theyre for cost accounting, but if theyre there youll use it to price. Youll link labour to value and thats an idea that goes right back to Karl Marx. (Accounting Web, UK)
Community colleges urged to focus on funding, graduation rates Jan 31, 2008
Local Search Site Search. THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING. (Boston Globe)
Northrop Grumman Q4 EPS Increases to $1.32, 2007 EPS Totals $5.16; EPS of $5.50 to $5.75 Expected in 2008 Jan 25, 2008
(2) Net pension adjustment includes pension expense determined in accordance with GAAP less pension expense allocated to the business segments under U.S. Government Cost Accounting Standards ... (2) Net pension adjustment includes pension expense determined in accordance with GAAP less pension expense allocated to the business segments under U.S. Government Cost Accounting Standards. (PR Newswire)
How important is an MBA? Dec 30, 2007
The second half of Breschs MBA curriculum at WVU would have included courses in topics including managerial cost accounting, management science and operations, financial planning, marketing strategy and law and ethics. The MBA is increasingly common among executives at bigger corporations, and its increasingly a requirement for promotions, Fernandes said. (Charleston Gazette, WV -- Business)
Monitoring And Controlling Deforestation And Forest Degradation Dec 9, 2007
These economic analyses are compared with a cost accounting of what it would take for Brazil to achieve this deforestation reduction through compensation of forest people, private land forest stewards, and greater institutional capacity to govern the vast Amazon forest region. More than 90 percent of the opportunity costs of forest maintenance could be compensated for a per-ton carbon value of 3, while actually achieving the reduction would be much cheaper: about 1. (Science Daily)
WHRC releases 4 key reports Dec 3, 2007
As UNFCCC negotiations move towards a powerful new mechanism for compensating tropical countries for their nation-wide reductions of greenhouse gas emissions from deforestation and forest degradation (REDD), several important questions remain: How much will REDD cost" Will it benefit forest people" Is it possible to monitor forests when so many countries are chronically covered with clouds" These and other questions are the topics addressed in four new studies released today by the Woods Hole... (EurekAlert!)
A 'no-brainer' Dec 2, 2007
- Cost accounting and performance survey. - Local government productivity awards. (Florida Times-Union)
Tanganyika Announces Third Quarter 2007 Results Nov 14, 2007
The Company acquired its interest in the Oudeh Block ("Oudeh") in 2003 pursuant to a Contract for Development and Production of Petroleum with the Government of Syria (the 'Government"). The objective of the contract, which has a term of 20 years with a provision for a five year extension, is to increase oil recovery and crude oil production within the block by applying enhanced oil recovery ("EOR") techniques. The Company began EOR through the use of thermal (steam) technology during 2006.The... (CCNMatthews Press Releases)
Technesis Announces iBridge Product Line Enhancing Cost Accounting and Print Management for MFPs and Plotters Nov 12, 2007
Technesis iBridge enables more efficient printing, whether it s for cost recovery, cost accounting or accurate tracking of copied, faxed and scanned documents ... This integration relates cost accounting to both centralized and decentralized printing. (BusinessWire)
Ventas Reports Third Quarter Normalized FFO Per Common Share of $0.66 and FAD Per Common Share of $0.62 Nov 9, 2007
" Normalized FFO for the nine months ended September 30, 2007 was $242.9 million, or $2.03 per diluted common share, a 32 percent increase from $184.0 million, or $1.76 per diluted common share, for the comparable 2006 period. Normalized FFO for the three and nine months ended September 30, 2007 excludes the net benefit (totaling $8.5 million and $34.4 million, respectively) of gains from merger-related currency transactions and income taxes, as well as a gain on the sale of securities, offset... (PR Newswire)
Congress overrides water bill veto Nov 9, 2007
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. (Winona Daily News, MN)
Storm Cat Energy Corporation Provides Operations Update; Announces Third Quarter 2007 Results Nov 8, 2007
0 million is a required calculation of the full cost accounting method that requires flat pricing; this quarter's price being $1. 9855. (Canada Newswire)
Omega Announces Third Quarter 2007 Financial Results; Third Quarter Adjusted FFO of $0.35 Per Share; $40 Million of New Investments Nov 1, 2007
Because the historical cost accounting convention used for real estate assets requires depreciation (except on land), such accounting presentation implies that the value of real estate assets diminishes predictably over time, while real estate values instead have historically risen or fallen with market conditions. The term FFO was designed by the real estate industry to address this issue. (BusinessWire)
CHAMBERS, Robert Leroy Oct 28, 2007
During WWII, June worked for the Navy in San Francisco and Bob handled cost accounting at the Kaiser Shipyards across the Bay. After the war, Bob helped Stanley Hiller, Jr., develop Hiller Helicopters, before moving on in 1947 to found Magna Power Tool Corporation with his brother, Frank Chambers. (San Francisco Chronicle)
EnCana generates third quarter cash flow of US$2.2 billion, or $2.93 per share - up 27 percent Oct 25, 2007
Property, Plant and Equipment Upstream EnCana accounts for natural gas and crude oil properties in accordance with the Canadian Institute of Chartered Accountants' guideline on full cost accounting in the oil and gas industry. Under this method, all costs, including internal costs and asset retirement costs, directly associated with the acquisition of, exploration for, and the development of natural gas and crude oil reserves, are capitalized on a country-by- country cost centre basis. (Canada Newswire)
Reader Writes: Part-timers Are What's Wrong With This Industry Oct 9, 2007
If the broker is tolerating low performance from his/her agents in favor of having a higher head count, he or she needs to take Cost Accounting. More zeroes don't add up to more profit. (RealtyTimes)
S.D. smoking legislation promised Oct 4, 2007
midnight rider wrote on Oct 2, 2007 12:20 PM:" Actually, your taxes dont pay for the health care costs of smokers. People here have put forth very compelling and lucid arguments for not smoking. But, that is not one of them. Please take a class on cost accounting and pay particular attention when they get to fixed costs. ". When this passes. (Rapid City Journal, SD)
Library cancels contract with county Sep 28, 2007
" $$$$$ wrote on Sep 27, 2007 11:28 AM:" Mr. Loos needs to do some cost accounting and come up with a figure. "Ummm..not sure, but it just doesn't sound like enough" doesn't cut it. (Rapid City Journal, SD)
Douse those lights Sep 17, 2007
objective data/todd wrote on Sep 15, 2007 10:39 AM:" We can guess 3% inflation for all costs except government which locally we can place at around 5%. If you electricity goes up 5% each year, you can see the result will not be in your favor. You have to cut your electricity usage more than inflation or you are losing ground. You allude to total cost accounting. Put the CFLs in at total cost accounting stream from manufacture to the recovery that will be mandated and the costs exceed the gains.... (Logan Herald Journal, UT)
Cone Denim's top executive to step down Sep 5, 2007
Bakane started out in the company's cost accounting department after earning his MBA from the University of Virginia. In 1988 he was named chief financial officer at Cone Mills, and later became president of the company's apparel products group and then CEO of the entire company. (Business Journal of the Greater Triad Area)
Robert Zonneveld Named CFO at MGP Ingredients; Brian Cahill to Head Company's Distillery Business Aug 31, 2007
From 1995 to 2005, Zonneveld was employed by Standard Commercial Corp., a leaf tobacco merchandising and processing company headquartered in Wilson, N.C. He began there as manager of business planning and was promoted in 1998 to vice president of finance with responsibility for supervising all global financial, cost accounting and budgeting functions and financial and operational analyses; maintaining banking and financing relationships; and establishing financial and internal controls. From... (PR Newswire)
Bus system reflects healthy community Aug 13, 2007
" could be answered by the CVTD giving us milage/per trip. Their website doesn't give data to work with. I suspect that if we were able to perform total cost accounting on the bus system the public would be so unhappy the demand would be to get rid of the transit altogether rather than to just not fund the suggested increase. ". Neeland wrote on Aug 12, 2007 9:59 PM:" All council memebers need to be replaced with people who really do intend to preserve liberty and property rights. This was once... (Logan Herald Journal, UT)
ONGC demands $4.75 per mBtu for gas, hike in APM price Aug 10, 2007
"As per the audited cost accounting records for the year 2005-06, ONGC had negative margin of Rs0.302 per cubic meter on gas business," he said in a letter to petroleum secretary. ONGC produced around 38. (domain-B)
Ventas Reports Second Quarter Normalized FFO Per Common Share Rises 23 Percent to $0.70 and FAD Per Common Share Rises 25 Percent to $0.65; Aug 9, 2007
" In the quarter ended June 30, 2007, the Company had 117.8 million weighted average diluted common shares outstanding, compared to 104.4 million weighted average diluted common shares outstanding a year earlier. The Company had 133.5 million fully diluted common shares outstanding on June 30, 2007. Normalized FFO for the six months ended June 30, 2007 was $154.2 million, or $1.37 per diluted common share, a 32 percent increase from $117.0 million, or $1.12 per diluted common share, for the... (PR Newswire)
Peyto Energy Trust announces second quarter 2007 results Aug 9, 2007
" The Trust has adopted these standards retroactively without restatement and the comparative interim consolidated financial statements have not been restated. Transition amounts have been recorded in retained earnings or accumulated other comprehensive income ("AOCI"). See Note 2 to the Consolidated Financial Statements. The Trust is a party to certain off balance sheet derivative financial instruments, including fixed price contracts. The Trust enters into these forward contracts with well... (PR Newswire)
Verenex Energy Inc. Second Quarter 2007 Operating and Financial Results Aug 8, 2007
4 million in capitalized General and Administration ("Gd office costs. In France, the Company received an adjustment of approximately $0.6 million relating to the farm-out of the Aquitaine Maritime permit. Outlook Libya The Area 47 MC has endorsed a revised 2007 budget outlook of US $114 to US $118 million (gross) ($62 to $65 million net), up from the original budget of US $91 million (gross). The higher budget primarily reflects the increased scope and advancement of the 3D seismic program,... (Canada Newswire)
Two experts' views on talents Aug 6, 2007
General and cost accounting, network/system/database administration and software programming were the top three work specialisations in greatest demand by employers advertising on JobStreet. com in the first quarter this year. (The Star Online, Malaysia -- Business)
The life and times of the CIA Jul 26, 2007
Because of the almost total secrecy surrounding its activities and the lack of cost accounting on how it spends the money covertly appropriated for it within the defense budget, it is impossible for citizens to know what the CIA's approximately 17,000 employees do with, or for, their share of the. yearly US$44 billion to $48 billion or more spent on "intelligence". (Asia Times Online)
Western Canadian Coal announces changes to management Jul 23, 2007
Mr. Redmond's duties included responsibility for financial accounting and reporting, cost accounting and budgeting, tax and treasury related work, coordination of the Company's equipment leasing and introduction of ERP-systems. WESTERN CANADIAN COAL CORP. "John Byrne" Chairman of the Board of Directors. (Canada Newswire)
