A&A news February 2010 | AccountingWEB

A&A news February 2010


New retirement plan security rules will affect millions of 401(k) account holders

The U.S. Department of Labor has announced two new rules designed to enhance retirement security and transparency for the millions of workers covered by 401(k), pension, and other retirement arrangements.

Opinion: SEC IFRS support not all it's cracked up to be

The SEC has announced its support for a single set of high-quality, globally accepted accounting standards as well as for the ongoing convergence of GAAP and IFRS. What does this mean for U.S. accountants? Nothing.

Survey indicates surprising 401(k) trends

A recent survey of defined contribution plan participants conducted by MassMutual’s Retirement Services Division revealed unexpected findings about participant attitudes and approaches toward investing – and some striking differences based on gender.

The SEC approves Work Plan to assess U.S. adoption of global accounting standards

The SEC has approved a Work Plan that would aid the Commission as it evaluates the impact that the use of IFRS would have on the U.S. securities market.

ERP systems for life

Not long ago, selecting a new enterprise resource planning system (ERP) every 5 to 10 years was the norm. But now, the more successful products have matured and much of them offer the same basic functionality. Today, organizations typically don’t select and implement a new system unless they have no choice.

How to select and implement an ERP system

If you or your clients are new to the concept of Enterprise Resource Planning systems, but think this tool might be useful, you need someplace to start.

Cutting costs with the Cloud

At a time when the global economy is full of uncertainty and no one knows how long U.S. recession conditions will persist, businesses are watching the bottom line closely.

The growing convergence of finance and tax

Facing closer SEC scrutiny of financial reporting of income taxes and related internal controls, along with talent shortages, tax and financial executives need solutions that can help them work together to get the job done.
Community News

Pennsylvania CPAs bring humor to accounting profession with YouTube videos

Humor can be a great way to get a conversation started. Just ask the Pennsylvania Institute of CPAs who recently launched several amusing promotional videos aimed to tweak the image of accountants and the profession.

Senior executives scrutinize risk processes, say economic recovery elusive

As companies search for a path to growth and corporate board members express doubt that the U.S. economy can return to pre-crisis growth in the near-term, boards are putting their more immediate focus on risk management.

Accountants give their clients Chinese fortune cookies

Tax time is here. So is Chinese New Year! Is it fate? You decide!

The answer to your company’s recession is in a cubicle down the hall

We love our secrets: our secret sauce, secret societies, the secret of our success, trade secrets, and our secret weapons. Your greatest secret weapon is…your accounts receivable department.

OSHA increases its emphasis on accurate recordkeeping

Now more than ever, it's important to dot the i's and cross the t's when it comes to reporting your employees' workplace injuries and illnesses.
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