AccountingWEB Weekly Resource Guide - Issue 53
June 17 - June 21, 2002
This Resource Guide Brought to You By:
- Introducing Executive Coaching Services From AccountingWEB
- Daily Business Intelligence - Free Business Success Kit
- Selective Selling: When Times Are Tough, Make Your Standards Tougher
- Budgeting And Planning Solutions - Easy to Use/Cost Effective
- New California Rule Regarding Travel Time Compensation For Non-Exempt Employees
- Practice Idea: Getting And Using Testimonial Letters
- SEC Forum to Probe Problems of Small Businesses
- Beware of Doctored Financial Statements
- How to Protect Your Company's Interests: Proper Use of Non-Competes
- Book Recommendation: Financial Statement Fraud: Prevention & Detection
- From The Archives: Build a Training Program For New Employees
- Reminder: Postal Rate Increase Effective June 30
Plus: The MarketPlace, Practice Management Corner, PressZONE, Conferences, Q&A Forum and Business Coaching
"To inform, to enrich, to enlighten, to entertain."
"Unless you choose to do great things with it, it makes no difference how much you are rewarded, or how much power you have." - - Oprah Winfrey
Special News Feature: Andersen Found Guilty - Andersen, as well as the AICPA has responded to the verdict with a published statement. What was their response?
Do you have a clear vision of your ideal business and a mapped out path to follow in order to achieve your goals? Are you working too hard, sacrificing your personal life for your business? Do you have self-sustaining systems in place that build and manage your business even when you're not there? Do you spend more time solving problems or uncovering new ways to grow your business? Find out more today!
Oracle invites you to look at your data in a whole new way with Daily Business Intelligence. When decisions have to be made at a moment's notice, you need up-to-the-minute, cross-company information at your fingertips. Click here for a FREE Business Success Kit with a whitepaper from The Economist, demos, and an executive workshop.
Don't take on just anyone as a client or customer. Consultant, trainer and author Dave Stein offers a wealth of insights on who to avoid . . . and why.
Are you or your client in need of a budgeting solution that is intuitive and easy to use? Armed with an ebudget, use the Web to join forces with managers around the world or in the next office. FRx Forecaster provides CFOs, controllers and financial analysts with the dynamic control they need over budgeting and planning in today's e-business. Secure, flexible, easy to use and cost effective. Learn more today by taking our free CFO Tour
Recently, the Division of Labor Standards Enforcement issued an opinion letter regarding whether time spent traveling on out-of-town business trips constitutes "hours worked," and must be paid. Employers that require non-exempt employees to travel for out-of-town business should re-examine how they are compensating the employee for travel time to insure that their company policies do not violate California law. Coming to your state soon?
Student Survey 2002
A comprehensive survey concluded in May by AccountingWEB, shows that accounting students are still very optimistic about the accounting profession, and shows that traditional values, integrity and honesty are paramount in their decisions of which firms to work for. But they have a lot to say about the recruiting process and how firms can better catch their attention while in college. Find out more today - including which benefits are important to today's graduates. Order your copy of the survey results today.
How do you get your clients to sell for you? Getting the right testimonials from your clients is one way to do this. Here are fifteen tips for getting and using client testimonial letters to sell your firm services.
Small business owners and their advisors will have the chance to hear first hand what changes will affect them in the areas of taxation, accounting practices and capital formation at the Government Business Forum on Small Business Capital Formation September 26 and 27, 2002 in Arlington, Virginia.
No professional wants to be deceived, but sometimes it just happens. Criminals lie to their lawyers, students cheat on tests given by their teachers, and clients alter financial statements prepared by their CPAs.
Non-compete agreements are often included in employee contracts when workers begin a job or as separate agreements when they leave in exchange for severance. When hiring new employees, particularly executives or even middle managers, prospective employers should always inquire about the existence of any non-compete agreement.
10. Book Recommendation: Financial Statement Fraud: Prevention & Detection, by Zabihollah Rezaee, Joseph T. Wells
Financial Statement Fraud provides thorough coverage of the nature and extent of financial reporting fraud. It describes the most successful methods for preventing, detecting, and controlling incidents of financial reporting fraud and offers reliable guidance from standard-setting organizations such as the AICPA and the SEC. Real-life case studies of companies guilty of such fraud; and a discussion of the consequences - help illustrate important concepts. Written by an acknowledged expert in the field, Financial Statement Fraud is an essential source of reliable information on this common type of fraud and a practical guide to preventing it. Order today!
11. From The Archives: Build a Training Program For New Employees
We are all aware of the implications of poor hiring and training decisions. Employees who are properly trained and introduced to the company early feel better about their choice of employer and usually fit in more quickly.
12. Reminder: Postal Rate Increase Effective June 30
The new rates will take effect on June 30, 2002. Overall, First–Class Mail rates will increase an average of 7.9 percent. The single–piece 1–ounce First–Class Mail rate will increase from $0.34 to $0.37, and the single–piece card rate from $0.21 to $0.23. The additional ounce rate for single–piece First–Class Mail items will remain at $0.23. For more information, visit the United States Postal Service Web site.
Practice Management Corner
- Six Warning Signs For Small to Mid-Sized CPA Firms
- Tips on Collecting Receivables
- What do Your Clients Really Want?
- Three Ways to Grow Your Practice in 2002
- Practice Idea: Semi-Annual Client Check Ups
Here is a sample of the questions that have been posted over the past week. Check out the questions below and see if you can lend a hand or visit the Q&A Forum Page for the most recent questions/answers posted by our members.
1. What are the tax implications on US student loans, assuming that these are at a beneficial rate of interest? Any info or help much appreciated.
2. A member is trying to value inventory using lower of cost of market. The items in inventory are non-liquid. If we were to liquidate at year end, they would only be worth one tenth of cost. However, over a period of years, it is possible that these items will sell for 5 times their cost. The market for these items has very few transactions per year. Do I value at cost or 5 times below cost?
3. We have two Directors of a LTD company that currently draw the minimum salary required for their pension contributions and they take the rest of their income in the form of a dividend to save NIC. At the moment the Directors hold 50% each of the ordinary share capital and so each have exactly the same amounts in dividend income. Is there a limit to the variations of shareholdings possible? Any pointers to reference material greatly appreciated.
AccountingWEB has a variety of promotional opportunities available for you to market your company, services and products to our targeted audience of accounting professionals. Brand awareness and lead generations are the main reasons for an ongoing and targeted marketing campaign. Contact us today for more information. http://www.accountingweb.com/help/advertise.html
THANKS TO OUR SPONSOR
We would like to thank Oracle E-Business and FRx Software for making this AccountingWEB Resource Guide possible.
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"To inform, to enrich, to enlighten, to entertain."