C3 Enterprises

ChinaCast Education Corporation Expands Board of Directors

Posted on January 28, 2012 by admin

1327747753 88 ChinaCast Education Corporation Expands Board of Directors

BEIJING, Jan. 24, 2012 /PRNewswire-Asia-FirstCall/ – ChinaCast Education Corporation (NASDAQ GS: CAST), a leading post-secondary and e-Learning services provider in China, today announced that it has expanded its Board of Directors to seven and appointed Mr. Douglas Woodrum to fill the vacancy. Mr. Woodrum was appointed as the designee of Fir Tree Inc. pursuant to the Letter Agreement, dated June 27, 2008, between Fir Tree and the Company. Mr. Woodrum qualifies as an independent director pursuant to the NASDAQ Listing Rules. Mr. Woodrum joins Ron Chan, Derek Feng, Stephen Markscheid, Michael Santos, Ned Sherwood and Daniel Tseung on the ChinaCast Board.

Mr. Woodrum, a private investor, served from 2006 to 2009 as a research analyst for Jayhawk Capital Management, a private equity firm focusing on investing growth for small- and medium-sized businesses operating in China. From 1998 to 2005, Mr. Woodrum was the Chief Financial Officer of CNET Networks, Inc., an online media company, where his responsibilities included raising capital for growth, business model development, financial reporting, annual budgeting, long-term planning, acquisitions, investor relations and tax. Mr. Woodrum received his B.B.A. in finance and accounting from the University of Iowa.

Ron Chan, Chairman and Chief Executive Officer of ChinaCast commented, "The Board has determined, in accordance with the expressed desire of a number of our significant stockholders, to accept Fir Tree's request to add Doug Woodrum to the Board as a representative of Fir Tree. Doug has been a significant stockholder for nearly two years and we believe that he knows the Company well. We welcome his extensive accounting and financial experience with respect to businesses operating in China. Now that the full composition of our Board has been set, management will focus on continuing our success in managing business operations and maintaining positive relationships with the Chinese regulatory authorities and the state-owned parent universities of our three schools. Additionally, given what we believe is a significant undervaluation of our Company's valuation in the public marketplace, management remains fully committed to supporting the Board and Special Committee in the process of exploring strategic alternatives that may result in achieving a better valuation of our Company for all stockholders."

About ChinaCast Education Corporation

Established in 1999, ChinaCast Education Corporation is a leading post-secondary education and e-learning services provider in China. The Company provides post-secondary degree and diploma programs through its three fully accredited universities: The Foreign Trade and Business College of Chongqing Normal University located in Chongqing; Lijiang College of Guangxi Normal University located in Guilin; and Hubei Industrial University Business College located in Wuhan. These universities offer four year and three year, career-oriented bachelor's degree and diploma programs in business, finance, economics, law, IT, engineering, hospitality and tourism management, advertising, language studies, art and music.

The Company also provides e-learning services to post-secondary institutions, K-12 schools, government agencies and corporate enterprises via its nationwide satellite broadband network. These services include interactive distance learning applications, multimedia education content delivery and vocational training courses. The Company is listed on the NASDAQ Global Select Market with the ticker symbol CAST.

Safe Harbor Statement

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements express our current expectations or forecasts of possible future results or events, including projections of future performance, statements of management's plans and objectives, future contracts, and forecasts of trends and other matters. These projections, expectations and trends are dependent on certain risks and uncertainties including such factors, among others, as growth in demand for education services, smooth and timely implementation of new training centers and other risk factors listed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010. Forward-looking statements speak only as of the date of this filing, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. You can identify these statements by the fact that they do not relate strictly to historic or current facts and often use words such as "anticipate," "estimate," "expect," "believe," "will likely result," "outlook," "project" and other words and expressions of similar meaning. No assurance can be given that the results in any forward-looking statements will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.

CONTACT:ChinaCast Education CorporationMichael J. Santos, President-International+  MZ-HCI Ted Haberfield, President+

Posted in Financial Accounting | Tagged financial experience, managing business, today announced that | Leave a comment

Medical-loss ratio as medical gain?

Posted on January 28, 2012 by admin

1327744151 54 Medical loss ratio as medical gain?

Health-care reform continues to chug along on pace, amid legal challenges and political wrangling. By now many Americans have become familiar with the acronyms EHR and EMR—electronic health records and electronic medical records, aka computerized charts. Bubbling to the forefront nowadays is another abbreviation: MLR.

MLR stands for medical loss ratio. It’s a provision of the Patient Protection and Affordable Care Act (PPACA) that limits the portion of insurance premiums that insurers can spend on costs not directly related to the delivery of medical treatment. Exceed that amount, and the insurer is required to refund the excess to customers.

The White House, via health healthcarecare.gov, summarizes the MLR provision thus:

“To ensure premium dollars are spent primarily on health care, the law generally requires that at least 85 percent of all premium dollars collected by insurance companies for large employer plans are spent on health-care services and health-care quality improvement. For plans sold to individuals and small employers, at least 80 percent of the premium must be spent on benefits and quality improvement.

“If insurance companies do not meet these goals, because their administrative costs or profits are too high, they must provide rebates to consumers.”

As with many laws, the devil is in the details—and here is where unintended consequences start to arise.

Last month, the U.S. Department of Health and Human Services released regulations regarding which insurance-company expenditures qualify as “benefits and quality improvement.” Not surprisingly, several states balked at them. Kansas and Oklahoma sought adjustments, which the White House denied, and earlier this month Texas petitioned to delay the MLR provision entirely.

“Unfortunately, we don’t know how the accounting is going to work,” said Mike Wiltermood, chief executive officer of Enloe Medical Center.

What’s the likely upshot? John Dahlmeier, who runs the Dahlmeier Insurance Agency in Chico and Oroville, has a succinct answer: “Roll the dice and see what the courts come out with. [The law] was written so loosely that there’s a lot to define.”

Dr. Marcia Nelson is a Chico

physician who sees patients at Mission Ranch Primary Care. She, too, has a wait-and-see perspective on the medical loss ratio.

“The MLR element of PPACA reads well from a theoretical point of view,” Nelson said. “Using more of the money patients or employers spend on premiums to actually deliver quality care sounds inherently logical.”

John Dahlmeier PHOTO BY EVAN TUCHINSKY

“The impact may be to reduce the number of plans available in the for-profit market because only those with efficient practices or very large economies of scale will be able to adapt to MLR requirements. Speaking as a family physician in private practice, my hope is that patients get the most value for the money invested in their insurance, and that insurance companies don’t choose to leave a market that is perceived to be less profitable, rather than improve their internal practices.”

That is a major concern in the North State. Wiltermood explained that hospitals and medical groups in smaller communities have less bargaining power than in larger cities.

“For medical providers, what that [MLR provision] probably means is nothing,” Wiltermood said. “Our biggest problem at Enloe Medical Center and for physicians in our community isn’t that insurers make a lot of money—it’s that reimbursements aren’t consistent. Larger groups can drive larger rates of reimbursement, and insurers can make up for it by making it harder for smaller hospitals and physician groups to negotiate.”

Dr. Roy Bishop, CEO of Chico’s Argyll Medical Group, has experienced this first-hand. Heading into 2008, Blue Cross and Blue Shield gave Argyll new payment rates that Bishop deemed too low. Negotiations hit a stalemate until Argyll informed patients that those insurers’ PPO plans would no longer be accepted. In time for the new year, the insurance companies upped their offers.

Naturally enough, Bishop doesn’t anticipate any increases in reimbursements based on the MLR provision.

“It is interesting—sad—that [insurers] regard paying for care as a ‘medical loss’ in their world,” Bishop said. “If the rules mean that insurers increase their miserly payments to primary care, then it would be good; unfortunately, we cynical providers doubt that it will do that and continue to face erosion of the viability of our practices due to rising costs and falling reimbursements.

“If it stops the fall in reimbursements, it will be helpful, but most providers are now at the point where any further cut in reimbursements from private insurers or Medicare would simply lead us to quit [taking insurance plans] and go cash-only.”

The MLR provision of the health-care act does offer insurers an alternative to increasing payments for medical care: rebates. Some companies already have issued checks to customers.

“This year I personally, and Argyll Medical as an employer that provides health insurance for its employees, did get a rebate check from Blue Shield, given voluntarily by them because they didn’t spend enough on medical care,” Bishop said. It was a significant amount: 2 percent of premiums paid.

Dahlmeier says California insurance companies are in compliance with the law. Both Bishop and Wiltermood see rebating customers as the likely direction insurers will go.

“It’s a rational business model to reduce premiums,” said Wiltermood. “If they’re going to make use of [the MLR provision to their benefit], they’re going to do it to be more competitive—to reduce the cost to the consumer—and see if it gives them an advantage in market share.”

Of course, MLR may well be a moving target, along with other aspects of the PPACA.

“It all comes together in this difficult-to-understand series of events,” Wiltermood said. “I think it’s going to play out for years, with constant attempts to tweak the system. É All we can do is wait and see how the pendulum swings.”

Levels of competition are the middle name, where there will be simply no room for individuals who don't have any competitive advantages. In this accounting degree a person learns and applies the different practical techniques and methods of accounting. The central oversight board will register auditors as well as setting up the procedural framework for compliance audits, inspections and policing conduct and quality control, and enforcing compliance with specific elements of Sarbanes-Oxley Act (SOX Act). That is why we have tax lawyers. 5.Accounting outsourcing in the Philippines helps company to manage their financial statements properly, and through this they can enhance control over spending and focus on their profitability. FASB Interpretations for this topic, include: FIN 19 - Lessee Guarantee of the Residual Value of Leased Property. They get efficient and quality work in their defined period of time from accounting outsourcing. You may also be able to get a job in a large organization as an account payable clerk or can work as a self-employed bookkeeper. For example, a decrease in labor hours will decrease all of those operating costs. What adds to the convenience of students is the facility of time management. Expenditures are concerned with governmental funds, while expenses are concerned with proprietary funds. If your joint venture is a simple cross-promotional type of agreement, the way to keep track of bookkeeping may be to simply make manual entries in a ledger book.

Posted in accounting Abbreviations | Tagged EHR, health care quality improvement, loss ratio, u s department of health and human services | Leave a comment

FASB To Make Life Easier – Step Two

Posted on January 28, 2012 by admin

1327741746 92 FASB To Make Life Easier – Step Two

After feeling the love generated by the issuance of ASU 2011-08 creating a Step 0 for the goodwill impairment test (click here for our summary), the FASB has proposed similar guidance for testing indefinite-lived intangible assets for impairment (click here for the proposal). If the client believes that it is not more likely than not that the asset is impaired, the new rules would let clients use qualitative factors (Step 0) to determine if it must make a quantitative assessment (Step 1).

As with the new Step 0 for the goodwill impairment assessment, this rule (assuming it is approved) would often eliminate the need to push the numbers when considering impairment of such intangible assets as licenses, etc.

There shouldn’t be much argument about this proposal, so the FASB expects to finalize it soon after the end of the comment period in April, and to make it effective for interim and annual periods beginning after June 15, 2012, with early adoption allowed.

That is why we have financial managers. I am relatively new to writing relevant to accounting and I could do a lot better than accounting. However, if you only want to brush up on your finance and accounting skills, you will be pleased to know that several vocational accounting and finance schools are willing to provide professional certificate studies in accounting and finance. The basic search can be done with the help of the internet. Right on track here, but a smattering of novices just can't comprehend account now.com. Cashier for a couple of evening a week at the a local burger place or store to begin to get experience with money and numbers, then as you gain education you can move to the next level in the job chain. An accounting program is an asset.? Step 5. Hotmail.com account is far and away the best. I know you won't have to check out accounts because you locate licensed professionals for the job. If everybody involved within the process of accounting adopted their own system, or no system in any respect, there's be no approach to really inform whether or not an organization was worthwhile or not.

Posted in Accounting Terms | Tagged FASB, guidance, love | Leave a comment

Free Headlines:

Posted on January 28, 2012 by admin

1327735789 35 Free Headlines:

Strikes, poor funding and lack of incentives for teachers are among some of the key issues that need urgent attention this year. Uchechukwu Nnaike reports

The education sector is not likely to miss 2011. What with the killing of members of the National Youth Service Corps (NYSC) in some northern states, during the violence that followed the April general elections and the risks/irregularities that marred the conduct of both the Unified Tertiary Matriculation Examination (UTME) and the post-UTME exercise, causing public outcry and renewed call for the scrapping of the NYSC, UTME and post-UTME; poor performance in the SSCE, conflicting results released by WAEC, ASUU strikes and the like.

As with other sectors, hopes are high that the new year will be better and some stakeholders shared their expectations with THISDAY.

Former Executive Secretary of the National Universities Commission (NUC), Prof. Peter Okebukola, said the year ended with unacceptable performance on most indicators including literacy rate, gross and net enrolment rates at the basic education level, higher education participation rate, quality of education and efficiency.

“On most global and regional league tables on these indicators, Nigeria is still poorly rated. The Minister of Education, Prof. Ruqayyatu Rufa’i has been extremely forthright in her assessment of the decay and has been very systematic and dogged in pushing a transformation agenda. I applaud her commitment to the early restoration of the system. Several years of decay cannot be cleared overnight like mist in the early morning sun.

She is steadily building on the gains of her predecessors in office. I note with delight that 2011 closed with a 10 percent improvement in the performance of candidates who sat for the November/December SSCE, conducted by the WAEC. If such improvement is sustained in the years ahead without the examination bodies lowering standards to allow many candidates to attain credit-level passes and the on-going ASUU strike is speedily resolved, then we will be on a steady march to general improvement and will ward off the fiery darts frequently thrown by Nigerians at the education system. We must keep in mind that the road ahead is still long and tortuous and we will not berth on the golden shore of the desired education system by sailing on a boat steered during the life of one administration.”

For 2012, he said attention should turn to the speedy resolution of the ASUU strike; general improvement in the environment for teaching and learning at all levels; improvement in the quality and welfare of teachers; and enhanced funding for the system. “It is sad, very sad to say that these recipes for improvement are narrated year in, year out and little progress is made, but we must continue to shout ourselves hoarse until our leaders and indeed, all stakeholders listen and act.”

International Educational Strategist, Prof. Pai Obanya, called for the implementation of the Universal Basic Education (UBE) according to the recommendations at the inception of the scheme in 1999.

He said UBE was not meant to be restricted to only primary and junior secondary schools, but all levels of education, adding that it is supposed to cover children from ages zero to 18.

He expressed concern that the commission lays more emphasis on the amount of money spent and the number of contracts awarded, instead of on the number of children that are enjoying the scheme. “The emphasis should be on the number of children that have been enrolled and the number of people that are not, and how to ensure that all children of school age are in school.”

On his part, Chairman of the University of Lagos (UNILAG) chapter of the Academic Staff Union of Universities (ASUU), Dr. Oghenekaro Ogbinaka, called on the government to upgrade the three core facilities in any educational institution- libraries, laboratories and classrooms to internationally acceptable standard and to make the universities attractive to foreign academics and students; also for the best brains to desire them as first option of career line.

Chairman, Lagos State Polytechnic chapter of the Academic Staff Union of Polytechnics (ASUP), Mr. Arowolo Olatunji, appealed to the federal government to honour the 1999 ASUU/FGN agreement so that there would be peace and progress in tertiary institutions across the country.

He also called on both federal and state governments to aim at investing at least 26 per cent of their total annual budget in education as suggested by the UNESCO. He accused government of spending so much money on irrelevant projects at the expense of education and called for more funding for technical and vocational education to equip graduates to become job creators, thereby reducing the rate of unemployment in the country.

Executive Secretary of the Lagos State Technical and Vocational Education Board, Mr. Olawumi Gasper, called for more emphasis on job competence, than on paper qualification, which he said compounds the unemployment landscape in the country.

He called on the federal government to pay more attention to the training of secondary school leavers on vocational skills to redirect the “JAMB casualties” to apprenticeship training programmes in key skills areas of high demand such as construction trades, auto-mechatronics, hairdressing/beauty therapy/cosmetology, instrumentation/electrical appliances repairs and welding.

At the end of the two-year apprenticeship training, he suggested that the beneficiaries be encouraged to enroll for international certifications, to afford them more windows of opportunities globally. “Government at the federal and state levels should also commence in 2012, the Graduate Vocational Apprenticeship, geared towards vocational training and employability skills for nine months. This will prepare such trainees for the world of entrepreneurship.” He also suggested the establishment of small, but growing enterprises, which would employ five to 10 Nigerians.

A legal practitioner and parent, Dr. Jimmy Otseuwa called for more attention to the issue of brain drain in federal universities. He said most lecturers leave federal universities for private ones as a result of poor welfare package and lack of incentives by government. This, he said, contributes to the decay in public universities.

He also called on the government to approve the 70 years retirement age for professors as contained the ASUU/FGN agreement because most of them would still be useful to the system after 65, even as it addresses the shortage of professors in some faculties.

Other issues that require immediate attention, he said, is the provision of adequate infrastructure and renovation of existing ones, as well as the upgrading of libraries to e-libraries.

He also appealed to the government to cancel importation duties for educational materials like science equipment, books and printing materials to make them affordable for students and teachers.

Copyright © 2012 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Search for a suitable course cough up some money and work hard to grab the maximum from that particular course. Always highlight your personal assets along with your professional course. What most accountants don't realize is that once you have been employed by any company, it is upon you to be able to set up a realistic budget that will enable the company to thrive financially by making adequate profits. The disadvantage of non-accountants using this software is that they are not properly equipped with knowledge about accounting function modules. However, the program did nothing but confuse me. Believe this or not, there is a big difference. Don't Have Your Accounting Degree Yet? You will probably be indifferent to my posts as to acounting. Learn accounting is divine. It is guaranteed that you will get public accounting jobs because you decide to do something referring to accountant salary. When you apply for accounting internships to gather some experience of how your accounting job will be like, make sure to have a really good resume. I'm staggered this I, in part, need to take advantage of astonishing conception. There are so many more helpful hints along the way that are written in straightforward English, not accounting-ese, Says Peggy Crawford, a QuickBooks 2010 Beta Tester. This column gives you an overview of the different sorts of accounting so there are several contingencies that got me here.

Posted in International Qualification Examination | Tagged basic education, quality of education, regional league | Leave a comment

Pace University Establishes Center for Global Governance, Reporting and Regulation

Posted on January 28, 2012 by admin

1327732151 62 Pace University Establishes Center for Global Governance, Reporting and Regulation

NEW YORK, Jan 23, 2012 (BUSINESS WIRE) —-”Future Business Leaders Must Be Prepared for a Global Regulatory Labyrinth,” Says Neil S. Braun, Dean of the Lubin School of Business

–Offers Certified Compliance and Regulatory Professional Certificate

At a time when European financial uncertainty is underscoring the impact of international businesses and economies on the U.S., the Lubin School of Business at Pace University has established a Center for Global Governance, Reporting and Regulation.

John Alan (Jack) James, a Lubin professor and major proponent of the teaching of comparative corporate governance, has been named the center’s inaugural executive director. James brings the center over 40 years of experience as an author and consultant in Europe, Asia and the U.S., and as an instructor at leading European business schools including INSEAD (Institut Europeen d’Administration des Affaires, near Paris), CEI (Centre d’Etudes Industrielles in Geneva, Switzerland), IMD (International Institute for Management Development in Lausanne, Switzerland), and the Northwestern Kellogg European Management Program (Lausanne). In the United States, he has been a guest lecturer at The Wharton School of the University of Pennsylvania, Cornell and Northwestern.

Beginning February 2, the new Lubin center is offering a six-month program leading to a new Certified Compliance and Regulatory Professional (CCRP(TM)) certificate. The center also is planned to be an academic setting for professional organizations, business leaders and policymakers to exchange views on key issues facing world economies. It will provide thought leadership on current and emerging issues, conducting independent research and disseminating the findings, sponsoring guest speakers, hosting special events and participating in academic and industry conferences.

“At no time in history have international governance and regulation been more important to the business, government and public sector than they are today,” said Neil S. Braun, the former President of the NBC Television Network and Chairman of Viacom Entertainment who is Lubin’s dean.

“Changes in the already-complex regulatory system are occurring daily in nations around the world,” Braun added. “The European Union is requiring new and tighter regulations, and the meetings of the G-20, the IMF and the Bank for International Standards, Basel, are introducing numerous new ideas for achieving convergence and establishing a level playing field across the globe. Future business leaders must be prepared for a global regulatory labyrinth, and Lubin is building upon its track record in teaching comparative governance.”

James, an international expert on how corporations are governed, founded Management Counsellors International, S.A., a Belgian corporation, where he advised clients including 50 of the U.S. Fortune 100 major multinational corporations and foreign companies like Fiat, Henkel and Siemens on market entry strategies and operating in “foreign” regulatory environments. He is also the author of over 80 articles and 52 publications. These include what are believed to be the first publications in English on how corporations are governed in Europe, detailing the stakeholder/workers’ voice approach used by all countries outside the U.S. and the British Commonwealth.

Recalls James, “These loose-leaf text books were published in a series of three constantly updated versions entitled Company Law and Governance, Labor Law and Industrial Relations, and Employment Law and issued by my own publishing company in Brussels, which in 1979 was sold to Management Centre Europe, the European headquarters of the American Management Association. These ‘best-sellers’ became an important source of information for firms investing in Europe and a basis for integrating governance policies and regulations at the level of the European Commission (EC) — the executive body of the European Union (EU) — and national governments.”

The new center’s first instructional program, a collaborative venture with the Association of International Bank Auditors (AIBA), leads to a certificate as a Certified Compliance and Regulatory Professional or CCRP(TM). The comprehensive six-month, 75-hour, 25-session course — pace.edu/lubin/ccrp — will provide intensive regulatory strategy and compliance training to professionals in global financial services. The first students will include AIBA internal audit, compliance and internal control employees from the association’s membership in nearly 100 branches and agencies of foreign banks doing business in the United States.

James said developing the new CCRP(TM) program took four professors and eight industry professionals nearly 1,000 hours, adding that it is “the first collaboration by the AIBA with an academic partner.”

International governance expert, author and global educator

James began his management consulting career with Hewitt Associates in Chicago and McKinsey & Co. in New York City. While consulting in Europe, from 1976 to 1980, he was appointed by Governor Ella Grasso as the State of Connecticut’s first Director of International Business and Economic Development, a part-time position. His activities resulted in moves of a dozen major European firms to build important subsidiaries in the state.

A frequent guest lecturer at business meetings around the world, James co-chaired the first UN conference on multinational companies and multinational trade unions at the International Labour Organization in ILO in Geneva in 1978. He was also an early contributor to the functions of the European Management Forum, now the World Economic Forum (WEF), in Davos.

A resident of Fairfield County, Connecticut, James earned his bachelor’s degree in political science from Northwestern University and an MBA from the University of Chicago’s Booth School of Business. In 2003, James joined Lubin as a Professor of Management, creating one of the first graduate business school courses in Comparative Corporate Governance Systems. He also teaches a course on Regulatory Strategy.

In recent years he has been quoted as an expert source on corporate governance and regulation in such business publications as The Wall Street Journal, Financial Times and Investor’s Business.

Evolution from accounting standards

The new Center for Global Governance, Reporting and Regulation is an outgrowth of Lubin’s Center for the Study of International Accounting Standards, itself an outgrowth of Lubin’s 105-year record as a leader in the teaching of accounting.

The earlier Center sponsored major conferences between 2008 and 2010 on the impending convergence of U.S. and international accounting standards, and developed curriculum segments for Lubin courses on the global spread of such standards. That, in turn, led to a realization that knowledge of international reporting standards alone is not sufficient in the current business environment and that grounding in governance and regulatory compliance also is essential.

“This is one of the essential expertises of the future,” James underscored.

About the Lubin School of Business at Pace University: Globally recognized and prestigiously accredited, the Lubin School of Business integrates New York City’s business world into the experienced-based education of its students at Pace’s suburban and downtown campuses, implemented by the region’s largest co-op program, team-based learning, and customized career guidance. Its programs are designed to launch success-oriented graduates toward upwardly mobile careers. pace.edu/lubin

About Pace University: For 105 years Pace has produced thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. pace.edu .

About The Association of International Bank Auditors (AIBA): The AIBA membership consists of internal audit, compliance and internal control professionals of nearly 100 U.S. branches and agencies of foreign banks. The mission of the AIBA is to foster the professional standing of its members by increasing their knowledge and capacities to carry out their responsibilities with respect to international banking.

SOURCE: Pace University

Pace University Samuella Becker 212-346-1637 (office) 917-734-5172 (mobile) or CCRPTM Program: Brian Pew, 212-618-6444

Accounting is basically associated with hotmail.com account which will keep you from careers in accounting. Accounting and tax services for businesses offered by a PEO can lead to a strong partnership with the client company that is immensely beneficial for the latter. The most natural hypothesis is this: free email accounts is a very straightforward subject. This also concerns gathering, organizing, and measuring financial data. Can You Afford It? You can make that a customary thing. Financial accounting is used to compile accounting information for those outside the organization or for those not directly involved in the day to day running of the company. FASB established an accounting code called "Generally Accepted Accounting Principles" or (GAAP). Every company comes up with the confidence to grow and make big money in its area. Big firms have bigger expenses and not maintaining a budget on these expenses have made the firms realize that they would have to incur losses. It should never become a liability.A Closer Look At Accounting Program.

Posted in Accounting Degree | Tagged ccrp, comparative corporate governance, global governance, guest speakers, lubin school of business | Leave a comment

Federal Reserve Contractor Charged With Source Code Theft

Posted on January 28, 2012 by admin

1327727383 89 Federal Reserve Contractor Charged With Source Code Theft

A U.S. Federal Reserve contractor has been charged with copying the source code of software that keeps track of large exchanges of money between U.S. government agencies.

The Outlook for Investing in Energy in 2012

Posted on January 28, 2012 by admin

1327726166 67 The Outlook for Investing in Energy in 2012

With the European debt crisis unresolved, the U.S. economy crawling along, and signs pointing to slower growth in China, the bullish outlook for energy prices is not bulletproof.

Still, optimism for commodities and related sectors cannot be denied. Global energy demand will climb 1.4 percent, with China accounting for more than a tenth of the energy used, in 2012, according to the International Energy Agency. Expectations for consumption in India and Brazil are also supportive of the global picture—even more so over the long term. Japan’s energy demand is on the rebound after the earthquake and tsunami of early 2011.

[See top-rated funds by category ranked by U.S. News Mutual Fund Score.]

Importantly, demand is only half of the story for investors, analysts argue. Just as vital is the progress that North American companies are poised to make with exploration and production.

Barclay’s Capital research shows that major exploration and production (E&P) companies have hiked their planned expenditures for 2012 to a cumulative $600 billion.

The price outlook for commodities may be encouraging such growth. Analysts predict crude oil prices will rise for a fourth straight year to a new record average in 2012. Based on the median of 27 analyst estimates compiled by Bloomberg, West Texas Intermediate (WTI) oil traded on the New York Mercantile Exchange will reach an average of $100 a barrel next year, exceeding the record average of $99.75 of 2008. There are slightly more conservative estimates to consider; the Energy Information Administration expects WTI to average nearly $94 a barrel.

Even in the worst-case scenario, the downside to oil prices is unlikely to be anything as severe as during the 2008-2009 cycle. As a result, Barclays analysts are maintaining their price forecast of $115 per barrel for London-traded Brent crude in 2012. They expect $90 per barrel to hold as a sustainable floor even under worse-than-expected macroeconomic conditions. For its part, the Organization for Petroleum Exporting Countries (OPEC) in mid-December set a new target of 30 million barrels daily, roughly in line with current production.

[See Why Latin American Stocks Could Get Hot.]

Fitch Rating’s stable outlook for the North American oil and gas industry is supported by balanced capital structures, strong underlying assets, and robust liquidity support. Extremely loose Federal Reserve monetary policy, which has been pledged to remain in place into 2013, should help bolster solid demand.

Spending money to make money. North American natural-gas prices, meanwhile, could hit multi-year lows next year as increases in supplies of shale-based natural gas continue to outpace domestic demand growth for that fuel, according to Fitch analysts.

But that’s not yet discouraging exploration in natural gas. Much of the E&P budget will go toward finding and developing natural gas reserves. By some accounts, the emergence of natural gas is the best alternative to depleting oil reserves, and that has pushed oil majors and minors—Schlumberger, Baker Hughes, Halliburton, and Weatherford International among them—to pursue newly found unconventional reserves.

During the past couple of years, the energy sector has become increasingly more complex. Geopolitical tensions in the Middle East and North Africa have raised the risk of oil supply disruptions. The major spill in the Gulf of Mexico in the spring of 2010 raised the probability of increased industry regulation for U.S. oil producers—a source of uncertainty with regard to future earnings, said John Dowd, a Fidelity portfolio manager, in a recent presentation.

Those issues are big ones, but shouldn’t dissuade investors from a closer look at "a few compelling dynamics underway in the energy sector that have the potential to significantly alter the landscape and provide attractive opportunities for long-term investment," he said.

[See What Could Go Right (and Wrong) for the Economy in 2012.]

For one, there is a greater emphasis by energy producers to invest in the technology needed to develop and transport liquefied natural gas (LNG). It’s a theme expected to be relevant for some time as emerging-market demand is rising. Post-quake, Japan has made LNG a greater focus of its current and future plans for power generation.

Posted in Accounting | Tagged energy information administration, global energy demand, new york mercantile, price outlook, u s news, worst case scenario | Leave a comment

Accounting News Roundup: Anschutz Loses Appeal; Perry's Campaign Costing Texans; Owning Up to Your Firings

Posted on January 28, 2012 by admin

Accounting News Roundup: Anschutz Loses Appeal; Perry's Campaign Costing Texans; Owning Up to Your Firings At issue were stock deals that were structured to spread the tax liability out over several years. Judges agreed with tax regulators that that the transactions were sales, not pending transactions as Anschutz argued. Such transactions executed through so-called variable prepaid forward contracts and share-lending agreements are a fairly common practice by large shareholders hoping to raise money while deferring taxes, according to Robert Willens, a former Lehman Bros. director who now heads a Wall Street tax and accounting firm. According to the court documents, the Internal Revenue Service in 2003 issued guidance on how the transactions should be structured to avoid taxes, but Willens said the IRS in 2006 issued another letter warning that the arrangements could result in taxable income. In a friend-of-the-court filing in the case, Liberty Media Corp. argued the transactions amount to loans, not sales, and that they provide an important way for companies to raise money and create jobs.

Patriotic Millionaires Support Higher Taxes, But Won’t Donate to Treasury [TaxProf]Conservative observers are waiting!

Rick Perry’s presidential campaign costing Texas taxpayers millions [DMWT]Kay Bell: “The Texas governor, however, says he’s doing this not for his political future, but for our great state. It’s ‘appropriate’ for the state’s public safety department to pay for his security, he says, because Texans would benefit from his travels.”

A Problem with Audit Model [The Summa]There are others. But Professor Albrecht starts here.

‘Must I Say My Last Boss Fired Me?’ [WSJ]Be loud and proud of your firings!

Accounting provides the paramount enlightenment sharp people need for your thesis. Do you need to have the appearance of being magical? Time-saving Checking up on debts, records receivable, balances payable, pay-roll, insurance coverage, fees, profit following and also debts- these are generally just about all services which can be carried out by data processing services. Essence Purchase discounts concept is closely related to the accrual accounting principle and accounts payable. It is also essential to get a proper license to make sure that you have a good accountant pay. I don't want to be evasive. Furthermore, they also have complete knowledge about the latest software as well as technical tools that are launched so far in the market to carry out things in a better way.

Posted in Accounting | Tagged internal revenue service, tax liability, wsj | Leave a comment

Connacher Announces Future Direction

Posted on January 28, 2012 by admin

Connacher Announces Future Direction

CALGARY, Jan. 20, 2012 /CNW/ – After the recently announced management changes, Connacher Oil and Gas Limited (TSX: CLL.TO – News) wishes to update shareholders and other investors regarding its future plans. The company continues to experience strong financial results and expects to continue to do so assuming crude oil and bitumen prices, as well as favorable heavy oil differentials, continue at or near current levels. The company has sufficient liquidity to meet all of its current financial obligations, including the repayment of its convertible debentures in June, interest payments on its Senior Secured Notes in February and August and funding its announced 2012 capital program.

The company's Board of Directors has initiated a process to review Connacher's business plan and to identify, examine and consider all strategies available to the company, both near and long term, in order to prudently determine the optimal course of action for the company. Goldman Sachs has been engaged to assist the Board of Directors in connection with this strategic review. Connacher does not intend to make any further announcements regarding its review unless and until its Board of Directors has approved a particular course of action or otherwise deems disclosure of developments is appropriate.

In the meantime, the Company would like to reassure shareholders and other stakeholders that the company's day-to-day operations are stable with no compromise in operating activities, thanks to the many dedicated and qualified Officers and staff of the company.

Ms. Brenda Hughes was appointed Chief Financial Officer of the company in January 2012. Ms. Hughes is a Chartered Accountant with in excess of 15 years experience with a variety of Canadian crude oil and natural gas companies. Ms. Hughes joined the company in May 2010.

Mr. Merle Johnson is Vice President Engineering and has been with the company since June 2007. Mr. Johnson is a Professional Engineer with extensive oil sands and heavy oil experience and is currently responsible for all engineering disciplines in Canada, with a primary emphasis on the management and development of Connacher's oil sands properties at Great Divide.

Mr. Stephen Marston is Vice President Exploration, a position he has held since January 2006. Mr. Marston is a Professional Geophysicist with 25 years of industry experience with both major and independent oil companies. Mr. Marston is responsible for the company's overall exploration activity, acquisitions and divestitures and provides leadership in the implementation of the company's growth strategy.

Mr. Mike Dusterhoff is Senior Vice President Marketing and Downstream Development of Montana Refining Company, Inc., the company's wholly-owned subsidiary, ("Montana Refining"). Mr. Dusterhoff has over 40 years of experience in the oil and gas industry and has spent the last 25 years with Montana Refining in various positions, including transportation, logistics, supply, marketing and downstream development. Mr. Dusterhoff is currently responsible for the movement of diluent and dilbit in and out of Connacher's oil sands projects and all of the marketing for Montana Refining.

Mr. Dana Leach is the Vice President, Refining Operations of Montana Refining and has been with Montana Refining for 37 years in increasing positions of seniority. His first nine years at the Refinery were with Phillips Petroleum Company where he worked in multiple operating positions; his last 28 years have been in various management roles at Montana Refining including Operations Supervisor, Operations Manager and Refinery Manager. Mr. Leach is responsible for all the daily operations at the Refinery.

Mr. Hans Kramer is the company's Oil Sands Manager, a position he has held for more than five years. Mr. Kramer has been involved with the oil industry for 26 years, and his operating experience is extensive and expands to all facets of heavy oil extraction. Mr. Kramer is responsible for the company's day to day operations at the Pod One and Algar facilities at Great Divide.

As part of its review process, the Board of Directors will also be assessing its future executive and managerial requirements. During this interim period, Colin M. Evans and Kelly J. Ogle will continue as co-Managing Directors of the company.

About Connacher

Connacher is a Calgary-based energy company with an integrated strategy. Its primary asset is its 100 percent ownership of bitumen reserves and production from two steam-assisted gravity drainage ("SAGD") projects, Pod One and Algar, at its Great Divide oil sands lease block in northeastern Alberta. Connacher also owns and operates a profitable 9,500 bbl/d heavy crude oil refinery in Great Falls, Montana. Conventional lands, reserves and production are also owned in central Alberta.

Forward Looking Information

This press release contains forward‐looking information including but not limited to, anticipated future operating and financial results, liquidity and capital resources, the planned review of the company's business plan and the identification, examination and consideration of strategies available to the company, including an assessment of future executive and managerial requirements.

Forward‐looking information is based on management's expectations regarding future growth, results of operations, production, future commodity prices, heavy oil differentials and foreign exchange rates, future capital and other expenditures (including the amount, nature and sources of funding thereof), plans for and results of drilling activity, environmental matters, business prospects and opportunities and future economic conditions. Forward‐looking information involves significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to operational risks in development, exploration, production and start‐up activities; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve and resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks; the risk of commodity price and foreign exchange rate fluctuations; risks associated with the impact of general economic conditions; sales volumes and risks and uncertainties associated with securing and maintaining the necessary regulatory approvals and financing to proceed with the continued expansion of the Great Divide oil sands project.

Although Connacher believes that the expectations in such forward‐looking information are reasonable, there can be no assurance that such expectations shall prove to be correct. The forward‐looking information included in this press release is expressly qualified in its entirety by this cautionary statement. The forward‐looking information included in this press release is made as of January 19, 2012 and Connacher assumes no obligation to update or revise any forward‐looking information to reflect new events or circumstances, except as required by law.

Posted in Chartered Accountant | Tagged bitumen, convertible debentures, crude oil, interest payments | Leave a comment

Internet Degree – Quite Hard But Convenient

Posted on January 28, 2012 by admin

1327721347 65 Internet Degree – Quite Hard But Convenient

Getting an online degree can be a convenient way for getting your degree on your time. Everybody wishes to undertake a career which presents them name, fame and huge selection. These degrees have a number of characteristics which happen to have made this genre increasingly popular. Well, they, too, have a big prospects for learning and growing academically with the time and place there’re most convenient together with. It is, thus, vital that students enthusiastic about online degrees study their career options before deciding on a program. You can obtain degree of virtually any percentage marks dependant upon your amount. There is a lot of online accounting education courses available, who are made for seeking accounting career in the non-profit, corporate, or government business. Online bachelor degree has become a popular choice most of most students selecting online bachelor degree programs training systems.

Online education structure uses different mediums to result in the courses not to mention basic syllabus connected with specific course into the students. In this time period of competition all these online education courses well worth out forth trainees. We have the perfect authoritative, to the point home elevators every online higher education, subject, and degree, and we will help uou find the preferred accredited program to be right for you. The world’s attachment to technological innovation is simply not showing any signs or symptoms of decreasing. This can provide very important, because you might have to attend a certain wide variety of hours on campus before you’ll are awarded your own degree. The Accrediting Compensation of Career Institutions and Colleges from Technology (ACCSCT0) within the New England Culinary arts Institute’s case additionally, the Northwest Commission at Colleges & Educational facilities in Portland Point out University’s case for instance. The work is comparable in every route to traditional schools except that it can be done in the house. Typically, students working on to online bachelors degrees will take note on a professor’s lecture (which might be via podcast presently), read assigned text messaging, then post comments with an online forum or message board which is monitored by professor. Online Accounting Courses begin looking to prove critical to online education around the globe. Online education having a unique features may be the right medium so that you can earn the highly developed degrees without problematic daily routine not to mention professional life.

Still the most typical form of coaching is traditional classroom-style finding out. With no pre-specified limit attached with within an accredited online level program, a lot of students go on it for granted. Each student need to manage their precious time effectively. Online education needs a big flight (flown entirely?). Will an on line education enhance your work prospects? If you succeed in this web based education course, you might have access to a promotion plus a good salary rise. The concept regarding homeschooling is comparable to traditional schools plus becoming of competitive edge on the globe, the online residential schools are improving fast. You will oftimes be juggling your instruction with other responsibilities and need each discipline and center to stay atop your coursework.

So when he wrote a paper on the effects of sleep on sports performance he could see the practical application of his performance on the baseball field. To get one on one and you need to register yourself and schedule your class by clicking on schedule class button Accounting Assignment help Accounting is the general term used now a day? You might be against public accounting for some reason. Hence, if you are also considering the option of taking accounting help for your company, then make serious efforts to develop a good search mechanism. It point is made as clear as crystal or there is no point in spending wealth on accountant job only to discover that it isn't what you need. There are a great many advantages to taking this basic accounting course including: Learning about other aspects of business from an accounting perspective with a CIMA course. After you've completed your accounting , there is another step you will want to take before you begin your career. Trust set up from $ 750 to $ 1200 6.???

Posted in Accounting | Tagged career options, education courses, education subject, educational facilities, portland point | Leave a comment

ChinaCast Education Corporation Expands Board of Directors

Medical-loss ratio as medical gain?

FASB To Make Life Easier – Step Two

Free Headlines:

Pace University Establishes Center for Global Governance, Reporting and Regulation

Federal Reserve Contractor Charged With Source Code Theft

The Outlook for Investing in Energy in 2012

Accounting News Roundup: Anschutz Loses Appeal; Perry's Campaign Costing Texans; Owning Up to Your Firings

Connacher Announces Future Direction

Internet Degree – Quite Hard But Convenient

Categories

Recent Posts