Shhhh, it’s good for the planet Nov 7, 2009
Articles receiving the most comments in the past 72 hours. For those who didnt vote, why not. (Logan Herald Journal, UT)
GMX Resources Inc. Reports Third Quarter 2009 Financial and Operating Results and Guidance Nov 6, 2009
60) Adjustments: Full cost accounting impairment, net of taxes of $61,298 118,990 6. 51 Inventory writedown, net of taxes of $2,118 4,111 0. (Primezone Releases)
After flurry of stimulus spending, questionable projects pile up... Nov 4, 2009
If the public were serious about controlling government waste they would demand better cost accounting on these projects and stop this ridiculous habit government contractors have of charging $100/hr for an employee who only cost $20/hr and insane markups on material/equipment when the only thing the contractor did was order them. The real problem is the PRIVATE sector ripping off the government on government contracts. (The Drudge Report)
A tale of how it turned out right Oct 22, 2009
we need Total Cost Accounting (TCA), for everything. Businesses produce & sell products based on the costs of manufcturing. (BBC News -- Science)
Lessons from Satyam: Watchdogs to tally ICAI's auditing norms Oct 9, 2009
The National Advisory Committee on Accounting Standards (Nacas), has representations from the Reserve Bank of India, Securities Exchange Board of India and Comptroller or General of India, besides the three professional institutes of accounting, company secretaries and cost accounting. It will now oversee the auditing norms prepared by ICAI and recommend changes wherever necessary, according to a government official. (India Times)
EDUCATION MATTERS: The State of Hingham Schools Sep 26, 2009
Punch list items, final expenditures, and cost accounting will occupy the attention of the Building Committee, the School Committee, and the School Department. But in the end, positive news is expected with the new school coming in on time and under budget. (Hingham Journal, MA)
Govt may take private help for corporate audit Sep 25, 2009
The countrys three statutory regulators for accounting (ICAI), company secretaryship (ICSI) and cost accounting (ICWAI), have already been asked to send a panel of their members to the RoCs for this purpose, said a government official, who wished not to be identified. The decision to outsource has been taken for the financial year 2009-10. (India Times)
Boeing backers consider law to ensure fair bid Sep 23, 2009
Tiahrt said the Pentagon exempted the last Northrop bid from export restrictions, the Foreign Corrupt Practices Act, cost accounting standards, and rules on the foreign content of specialty metals, and should not be allowed to do that again. He said EADS had pitched a small military helicopter at a recent air show in Iran, raising concerns that it was leveraging work done on the U.S. Army's UH-72 Light Utility Helicopter into helicopter sales to a U.S. enemy. (Crain's Chicago Business)
Audit watchdogs may get more service sway Sep 23, 2009
NEW DELHI: The government is considering a proposal to authorise the countrys three statutorily recognised institutes in the fields of accounting, company secretaryship and cost accounting to expand their ambit of functioning by providing services in all three areas ... The government is considering a proposal to authorise the countrys three statutorily recognised institutes in the fields of accounting, company secretaryship and cost accounting to expand their ambit of functioning by... (India Times)
Wipro brings SAP ex-CEO Kagermann on board Sep 22, 2009
Kagermann joined SAP in 1982 and was initially responsible for product development in the areas of cost accounting and controlling. Later, he oversaw the development of all administrative solutions, including human resources, as well as industry-specific development for banking, insurance, public sector, and healthcare. (India Times)
* Kaohsiung to help MRT operator Sep 19, 2009
Describing the company as being in dire financial straits, Yen said that it is also due to pay billions of New Taiwan dollars in construction fees to contractors during the current cost accounting period. Saying that ticket revenues are not enough to offset operating losses, Yen said the company was seeking financial support from the city government. (Taipei Times, Taiwan -- Taiwan)
Sr Specialist, Pricing Sep 16, 2009
MINIMUM EDUCATION AND EXPERIENCE Complete understanding and application of Federal Acquisition Regulations (FAR), Cost Accounting Standards, Service Contract Act (SCA) and pricing for Government contractsd. Full knowledge of industry practices. (Florida Today)
New Oce PRISMAproduction TrueCost Tool Simplifies Color Job Estimation Sep 11, 2009
Print providers benefit from pixel-precise monitoring, pricing, quotations, cost accounting and chargeback based on the exact cost of producing a color job. By taking the guesswork out of calculating color costs, Oce PRISMAproduction TrueCost software enables print providers to capture more color profits and maximize ROI for color jobs, regardless of color ink coverage. (PR Newswire)
NuVista Energy Ltd.: Second Quarter Interim Report Aug 14, 2009
(c) Full cost accounting ceiling test - The carrying value of property, plant and equipment is reviewed at least annually for impairment ... This amendment allows first-time adopters using full cost accounting to elect to measure oil and gas assets at the date of transition to IFRS using amounts determined based on the entity's previous GAAP. During the second quarter of 2009, NuVista performed an analysis of IFRS in comparison with currently applied accounting principles on the key areas... (CCNMatthews Press Releases)
Bonavista Energy Trust Announces Second Quarter Results Aug 7, 2009
The amendment allows an entity that used full cost accounting under its previous GAAP to elect, at its time of adoption, to measure exploration and evaluation assets at the amount determined under the entity's previous GAAP and to measure oil and natural gas assets in the development or production phases by allocating the amount determined under the entity's previous GAAP for those assets to the underlying assets pro rata using reserve volumes or reserve values as of that date. The Canadian... (CCNMatthews Press Releases)
After receiving favorable bids, GRF Board votes to construct both phases of Creekside project Aug 6, 2009
If removing from the cash flow model the cost accounting changes anticipated if/when the Board returns the Trust operations costs to the coupon, and factoring in the removal of the medical center rental fees from the Trust Fund, the outcome still brings the financial encumbrance of building both phases of Creekside to be under 70 percent of the Trust Fund monies. Therefore, Barnes said, This project is affordable based on the agreement that we arrived at last year. (Walnut Creek Rossmoor News, CA)
GMX Resources Inc. Announces Letter of Intent With Kinder Morgan for Interest in Pipeline; Reports Second Quarter 2009 Financial and Operating Results and Guidance; and Announces Resolution of SEC Comment Letter Aug 4, 2009
The Company did not recognize a full cost accounting impairment charge during the three months ended June 30, 2009 due to an increase in natural gas and crude oil prices from March 31, 2009 ... 03) Adjustments: Full cost accounting impairment, net of taxes of $61,298 118,990 7 ... " GMXR Second Quarter 2009 Earnings Conference Call GMXR has scheduled a conference call for Tuesday, August 4, 2009 at 10:00 a.m. CDT (11:00 a.m. EDT) to discuss second quarter 2009 financial and operating results. To... (Primezone Releases)
Taubman Centers Announces Second Quarter Results Jul 24, 2009
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, the Company and most industry investors and analysts have considered presentations of operating results that exclude historical cost depreciation to be useful in evaluating the operating performance of REITs. (PR Newswire)
Delphi Reports Ninth Quarter of Production Growth and Increases Cash Flow and Financial Flexibility Jul 23, 2009
The International Accounting Standards Board (IASB) has issued an exposure draft relating to certain amendments to IFRS 1 which addresses first time adoption of IFRS. The IASB is proposing additional optional exemptions, one of which relates to full cost oil and gas accounting, resulting in a reduced administrative transition from the current Canadian full cost accounting for oil and gas activities to IFRS. The exemption would permit the Company to measure exploration and evaluation assets under... (CCNMatthews Press Releases)
Cellcom Israel Ltd. Announces Change of Chief Financial Officer Jul 20, 2009
Mr. Heen has served as head of the Company's economic department since 2006, responsible for the Company's budget, financial analysis, cost accounting and control over the Company's performance. From 2002 to 2006 he served as head of the Company's pricing and business research department. (PR Newswire)
Managing workers comp premiums protects bottom line Jul 6, 2009
Managing and lowering workers comp premiums protects the bottom line - The Business Review (Albany). for free extra services. (Albany Business Review, NY)
Some still slow to make the move to Fast Lane Jun 29, 2009
A third of tollpayers still resist offer of a free Fast Lane transponder - The Boston Globe. Local Search Site Search. (Boston Globe)
Love tweets that McHale will not return to Wolves Jun 17, 2009
Try Our Consulting Programs for Cost Accounting and Negotiating. Featured. (Yahoo News)
What do you want in the sports section? May 7, 2009
JP wrote on May 6, 2009 10:37 AM:" The Herald and News should show us the complete cost for sports in the public schools. This cost accounting should include the cost of paying teachers when the children are playing in the gym, or outside (teachers getting paid, but not teaching while the children play), the total cost of busing for sports, coaches, referees, administration costs, hotel and motel fees, etc. Then show how much the community gets back from this investment. If anything. ". JUST... (Klamath Falls Herald & News, OR)
Business Management Consultant May 3, 2009
e. QuickBooks, Peachtree)knowledge required; cost accounting and/or auditing experience preferred. Proficiency in Microsoft Office, especially Excel, is a MUST.. (Florida Today)
Did Pentagon lose billions, pennies at a time? May 2, 2009
Lobbyists descended on it and tore it into a piece of Swiss cheese, in the words of a former executive member of the Cost Accounting Standards Board, which is charged with reviewing accounting standards for high-dollar federal contracts. New era for contractors. (MSNBC -- Terrorism)
Questions surround layoff decision May 1, 2009
8 million using flawed cost accounting methods. The high repair costs were a direct result of Kevin's decisions. (Coos Bay-North Bend The World, OR)
Earned Value Management Institute(R) EVMI(R) Releases the Earned Value Management Professional(R) EVMP(R) Credential Certification Apr 28, 2009
Some of the major areas that the EVMP(R) credential program focuses on include the implementation of the EIA ANSI-748 earned value management industry guidelines, project management theory and practical approaches, risk management, quality assurance, planning, scheduling, budgeting principles and cost accounting, earned value theory and application; the 'Earned Value Project Management Office(R), EVPMO(R)'; 'Earned Value Management Risk and Quality Model(TM) EVMRQM(TM)' and 'The Kwaku Akyeampong... (PR Newswire)
Panel zeros in on the relevance of fair value accounting Apr 20, 2009
Some critics have suggested that fair-value accounting should be suspended and replaced by historical cost accounting, which they argue, is more reliable. But Chan contended that if fair value was suspended or replaced with some method based on historical costs, it would be a daunting task for investors to determine the current value of assets and liabilities. (The Star Online, Malaysia -- Business)
MAXIMO Sr Sys Engr Mar 28, 2009
Finance Processes: Project Cost Accounting, GL, Payables, Receivables, Fixed Assets, Purchasing, Budgets OR: Maintenance Management, Facilities Services, Help Desk, Call Center Operations. Ability to: Analyze data, systems, effective troubleshooting skills. (Florida Today)
AMB Property Corporation(R) Provides Update for the First Quarter 2009 Mar 25, 2009
The company believes that the FFO Measures are meaningful supplemental measures of its operating performance because 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 reflected through depreciation and amortization expenses. However, since real estate values have historically risen or fallen with market and other conditions, many industry investors and analysts have... (PR Newswire)
Monterey Exploration Ltd. Announces Financial And Operating Results for the Three Months And Year Ended December 31, 2008 & Annual Information Form Filing Mar 24, 2009
Full Cost Accounting. Monterey follows the full cost method of accounting, whereby all costs associated with the exploration and development of oil and natural gas reserves are capitalized in cost centers on a country-by-country basis. (CCNMatthews Press Releases)
Angle Announces 2008 Fourth Quarter and Year-End Results Mar 23, 2009
Full Cost Accounting. Angle follows the Canadian Institute of Chartered Accountants' ("CICA") guideline on full cost accounting in the oil and gas industry to account for oil and gas properties. (CCNMatthews Press Releases)
Bankers Petroleum announces 2008 financial results Mar 20, 2009
Ceiling Test The Company uses Canadian standards for full cost accounting and for the ceiling test calculation pertaining to the measurement of impairment of petroleum properties. In applying the full cost method, the Company evaluates petroleum assets to determine that the carrying amount in each cost centre is recoverable and does not exceed the fair value of the properties in the cost centre. (Canada Newswire)
Delphi Energy Achieves Record Fourth Quarter 2008 Results Mar 19, 2009
The IASB is proposing additional optional exemptions, one of which relates to full cost oil and gas accounting, resulting in a reduced administrative transition from the current Canadian full cost accounting for oil and gas activities to IFRS. The exemption would permit the Company to measure exploration and evaluation assets under IFRS at the carrying amount determined under GAAP at the date of transition to IFRS. In addition, the carrying amount under GAAP of production or development assets... (CCNMatthews Press Releases)
Rock Energy Announces 2008 Year End Results Mar 13, 2009
As part of this process Rock will have to transition from the full cost method of accounting, which the Company currently follows, to a method acceptable under IFRS. At a minimum IFRS will require the Company to identify new units of account and cash generating units at a more finite level than under full cost accounting and will also require asset impairment testing at the new unit levels ... Oil and Natural Gas Accounting - Full Cost Accounting - Under the full cost method of accounting for... (CCNMatthews Press Releases)
US reviews short-selling and MTM rules Mar 12, 2009
Enron had marked to market its huge derivative contracts using its own assumptions, and in a departure from the historical cost accounting convention. Changes to short-selling or MTM rules in the US could have an effect on share prices there, and in turn, affect other markets. (The Star Online, Malaysia -- Business)
Treasury official: US shouldn't micromanage banks Mar 12, 2009
"If everything was fungible, you would never have any kind of cost accounting," he said on MSNBC. He argued that lawmakers don't want to block banks from investing in foreign entities. "We are trying to stop them from using the money that's advanced by the American taxpayer overseas," he said. (Albany Times Union)
Be aware of domestic violence (1) Mar 10, 2009
" The court, unfortunately, agreed, owing to the Family Code support details being only guidelines that allow it great latitude in setting support.Worse yet, that extra money has not gone to my child, but to pay for expensive cars, vacations, and other assorted belongings. It's difficult to hear the mother's demands for more money for my child when she's driving a luxury car and taking lengthy vacations abroad.That being said, I strongly believe there needs to be some accountability for those... (Boerne Star, TX)
Crew Energy Announces 2008 Fourth Quarter and Annual Financial and Operating Results Mar 10, 2009
During 2008 the Company recorded $6,664,000, (2007 - $5,324,000) of stock-based compensation expense related to the stock options, of which $3,332,000 (2007 - $2,662,000) was capitalized in accordance with the Company's full cost accounting policy. As stock-based compensation is non-deductible for income tax purposes, a future income tax liability of $1,153,000 (2007 - $962,000) associated with the current year's capitalized stock-based compensation has been recorded. (CCNMatthews Press Releases)
NASA Gets $1B In Stimulus After Going $1B Over Budget Mar 5, 2009
The multibillion-dollar James Webb Space Telescope, whose current cost is unknown, was at least $1 billion over estimates three years ago, before NASA began its new cost accounting methods. NASA has cost overruns for several reasons, said the GAO's Chaplain. (Fox News)
PXP Announces 2008 Results and Operating Highlights Feb 26, 2009
This non-cash adjustment resulted from the application of full cost accounting rules ... This non-cash adjustment resulted from the application of full cost accounting rules. (PR Newswire)
Enerplus announces 2008 year end results and reserves information Feb 26, 2009
CALGARY, Feb. 26 /CNW/ - Enerplus Resources Fund ('Enerplus') is pleased to announce our financial and operating results for the year ended December 31, 2008. All amounts are stated in Canadian dollars unless otherwise specified. (Canada Newswire)
The GL Company(R) Announces Availability of the Manufacturing Module Within Their Inquiry Suite Solution for JD Edwards(R) Feb 20, 2009
The ever-changing nature of manufacturing analysis means that pre-canned reports often fall short of answering important business questions in areas like manufacturing variances and cost accounting. Simple and immediate access to information enables users to make the really important decisions that will drive their business goals and objectives. (PR Newswire)
Penn West announces its results for the fourth quarter ended December 31, 2008 Feb 19, 2009
Full Cost Accounting. We use the full cost method of accounting for oil and natural gas properties. (PR Newswire)
No on Measure W Feb 9, 2009
loadeye wrote on Feb 8, 2009 8:55 PM:" patton1, rear admiral, Ms. Mounce requested a copy of those projects manager King professes he has and he could come up with neither a project list nor cost accounting for those "ghost" projects. It's in last Wednesday's meeting archives on the city website. Just shows you are nothing but an uninformed and paid cheerleader patton1, rear admiral. ". 16925 wrote on Feb 8, 2009 8:46 PM:" Sounds to me like Mounce has been trying. She is just out voted. ". (Lodi News Sentinel, CA)
