News

Lawmaker Questions Accounting Proposal

Rep. Marge Roukema, chairwoman of the House Banking subcommittee on Finance and Consumer Credit raised concern regarding a proposal that has been submitted by an AICPA taskforce. The proposal takes issue with the ability of banks to reserve against unspecified losses.The proposal addresses a recommendation that financial institutions should be limited in their ability to reserve for anticipated losses in loan portfolios.Roukema also questions how a proposal initiated by the AICPA can have an influence over guidelines set by the SEC and various banking regulators.

Does Your Company have the Bottom Line Blues?

Small businesses occasionally have to go through the hard knocks of learning to develop and maintain a bottom line that does more than just break even. Basic things such as hiring an office manager, or figuring out the best timing for payables can be the difference between success and failure.Simply knowing exactly what you need to cover your overhead can keep your company ahead. Mike Yantis of Yantis discovered that his construction company had overhead issues.
Technology

Browser Wars Heat Up with Release of IE5.5

If you've ever tried to design a web page, you're already experienced with the frustration of creating features that are readable in a variety of browsers. What plays in Netscape, may not play in AOL. What plays in Explorer may not play in Netscape. And effective immediately, what plays in Explorer has programmers excited enough that they may no longer care if the features don't play in other platforms.As a general rule, the makers of browsers have agreed to stick to a specific set of standards, know as the W3C (World Wide Web Consortium) recommendations.
A&A

Warnings for Participants in B2B E-Commerce

In the good old days, no business deal was complete without a handshake.

New Jobs for the New Economy

In May, AccountingWEB ran a news story on The 10 Hottest Jobs For The Future as identified by the editors of Time Magazine in which bizarre job titles such as tissue engineer, pharmers and narrowcasters were introduced.
Technology

Internet Startups May Face Stiffer Reporting Rules

A panel organized by Jeffrey E. Garten, Dean of the Yale School of Management, is hoping to encourage Internet startup companies to provide information that will help investors better evaluate the companies. It is hoped that new companies will embrace the guidelines that the panel creates. In lieu of total acceptance, the panel may request the SEC to enforce new disclosure regulations or at least provide incentives for companies to disclose additional information.

New Site Informs Voters About Candidates' Sentiments

A new web site dedicated to informing those interested in the nation's small businesses attempts to provide information about candidates running this year for Senate and House seats.

International Standards Introduced for Business Valuations

Recognizing the importance of property in business on a global level, the International Valuation Standards Committee has developed the 2000 edition of “International Valuation Standards.” The standards address information requests on various international standards such as publicly owned assets, accountability and measurement of performances required by various other governments.IVS 2000 has worked to incorporate the business valuation standards recommended by the International Accounting Standards Committee (IAS) in cooperation with financial reporting and international accounting

Web Design Styles can Alienate Search Engines

When it comes time to make your new website live you already know you’re going to have to make it sing with the search engines. You know who they are, but do they know you? Make sure you understand what search engines look for or your site is doomed to sit lost and alone in web.Certain design styles may contain technical issues that can keep search engines from finding you. For instance, search engines cannot read text that’s incorporated into a graphic. They also have a hard time reading split screens, and be sure to re-think using commas in the keyword metatag.

AccountingWEB Weekly News Wrap-up - Issue 51

The AccountingWEB Friday Wrap-Up Newswire - Issue 51July 14, 2000Logon to http://www.accountingweb.com for more resources.Don't know your membership logon details?
Community News

AICPA Steps up Fight Against Auditor Restrictions

Proposals to restrict the non-audit services an auditor can perform for a client could be against the public interest, the American Institute of Certified Public Accountants (AICPA) has warned.AICPA president Barry Melancon told the told the Panel on Audit Effectiveness, which is reviewing Securities and Exchange Commission plans to limit an auditor's relationship with the client, that - with the right safeguards - a firm can offer a variety of services and still carry out a reliable audit.

Women Rule as Bloomberg’s Women.com 30 Index Soars

Led by Hewlett-Packard (Carly Florina, CEO), the nation’s 13th largest company, the Bloomberg list of 30 top women-run companies has far exceeded the Dow and demonstrates that women executives are in no danger of not being taken seriously.The list of the top 30 companies run by women also includes such notables as Avon (Andrea Jung, CEO), World Wrestling Federation Entertainment (Linda McMahon, CEO), Martha Stewart Living Omnimedia (Martha Stewart, CEO), eBay (Meg Whitman, CEO), and Advent Software (Stephanie DiMarco, CEO).The Dow Jones Industrial Average is made up of 30 companies whi
Community News

Big 5 Sweep KMWorld's Best 100 List

KMWorld is the self-described leading information provider serving the Knowledge Management systems market, and they have just published their list of 100 top companies in the Knowledge Management arena. All five members of the Big 5 grace the list.The 100 Companies that Matter, according to KMWorld, are those that best exhibit the qualities of market makers, solutions technology makers, solutions service makers, and infrastructure technology makers. What does all this mean?
Tax

Marriage Tax Penalty One Step Closer to its Grave?

With a vote of 269-159, the House gave its blessing to a marriage tax relief bill that is now on its way to the Senate. The Senate hopes to send a final version of the marriage bill, along with a bill for demolishing the estate tax, to President Clinton on the eve of the Republican National Convention, the timing of which is not coincidental.The marriage penalty tax, as it is justifiably called, is a nuance of the tax code that requires married couples to pay tax at a higher rate than they would if they remained single.

Getting Great People

The following editorial was provided by Results Accountants Systems.It seems a long time ago now.I was playing the classic ‘victim’ — something had happened that I didn’t think was my fault and I said so. And then this wise person said something I’ve remembered ever since:“When you point the finger of blame at someone, there are one, two, three fingers pointing right back at you.” (To understand that graphically, just go ahead and point at someone close to you right now.

ITA Vendors Band Together for Illinois CPA Show

As a means to promote membership and awareness, the Information Technology Alliance (ITA) will gather its member vendors together on the exhibit floor of the Illinois CPA Show in what is being called The ITA Zone.In late May, the AICPA Council voted to fold the existing ITA organization into the Institute to create a new ITA member section.

New Services for Accounting Members of IMA

Members of the Institute of Management Accountants (IMA) may now participate in a new Forum designed to connect one another according to a specific sector within accounting and finance.'We're trying to provide members with an opportunity to learn from, and network with, each other - online,' says Karen Sanders, editor/director of Member Interest Groups. 'The forums and email exchanges we provide are vehicles for them to do just that.

Las Vegas Begins Hotel to Airport Check-in

We want convenience any way we can get it, right? A new story out of Las Vegas puts the "C" in convenience when it comes to travel.New technology from Certified Airline Passenger Services now enables passengers to drop their bags, check-in and select airline seats--all in the comfort of their Las Vegas hotel amidst the bells and clangs of slot machines.Vegas is experimenting with concept, and participating airlines include America West, Continental, Delta, Southwest and Sun Country. There is a $6 per person charge for the service.
Community News

Big 5's US Legal Plans Dealt Killer Blow

Now accountants will find it difficult to gain a foothold to the US legal market - a key target for the Big Five, who employ thousands of lawyers themselves.Three-quarters of US lawyers rejected "multi-disciplinary partnerships," (MDPs) which join lawyers with other professionals.
Technology

Show me the Hyphen!

We've all heard about this or seen it in the news. With the ever-increasing speed of more and more dot.coms invading the Internet every day (not to mention intranets and extranets), the choices for good domain names for a Web site are becoming more and more scarce.People with an interest in building Internet traffic, from techies to CEOs, spend untold hours cooking up names that reflect their business or philosophy, when the choice is often a matter of 'what's left?' rather than 'what fits?'The choice of a web site name has become a matter of letter placement and grammar.

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