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Cal State University, Northridge has some hometown loyalty when it comes to the area of accounting.

IMGCAP(1)]It’s easy for managers to overlook risks. Financial risk managers may ignore nonfinancial risks. Business managers responsible for a particular line item (such as costs) may downplay risks unrelated to their particular line item. Firms often manage their risks compartmentally — for example: the treasury department for foreign exchange and interest rates; the procurement department for commodity purchases; and the insurance department for catastrophic risks.

The First-Time Homebuyer Tax Credit has itself been credited with helping spur many of the home sales in recent months, and that’s prompting some lawmakers to call for extending and expanding it.

Technology integrator Net@Work has agreed to take over Solution Strategists’ Sage software practice, including all Sage accounting, enterprise resource planning and customer relationship management products.

The National Small Business Association has released a report showing that small business collectively could reduce their greenhouse gas emissions by 259 million tons each year if they improved their energy efficiency by just 25 percent through a mechanism known as on-bill financing.

The House has passed a bill to examine the impact of the bank bailout on lending to small businesses.

The group overseeing the International Accounting Standards Board has written to President Obama and the other G-20 leaders saying it is following the G-20 recommendations for dealing with fair value accounting for loans, after banking interests charged that it was not.

A federal judge in San Francisco has issued permanent injunctions barring four individuals from promoting what a government lawsuit describes as a complex tax-fraud scheme involving several entities located around the globe.

The IRS has issued a new tax rule that will allow commercial real estate borrowers to proactively discuss possible modifications to securitized loans that are at risk of default without triggering tax penalties.

Senate Finance Committee Chairman Max Baucus, D-Mont., has introduced his own version of long-awaited health care reform legislation, without a public option for health insurance.