Technology news October 2007

Technology

Dell plays down impact of 2003-06 restatements

Texas-based PC manufacturer Dell this week filed restatements of its 2003, 2004, 2005, and 2006 annual results to reduce revenue and profit figures that were inflated in the original accounts.
Technology

Legislative leaders back 7-year extension on Internet tax ban

Leaders in the U.S. House will support extending a moratorium on taxing Internet services for another seven years, according to a leadership aide.The House had earlier approved a four-year extension, but last week, the U.S. Senate approved a seven-year extension, surprising some observers.A Democratic leadership aide told Bloomberg News that a House vote on the issue could come as early as Tuesday.
Technology

Excel Compendium: Practical uses for Lookup and Reference functions

Excel's VLOOKUP, HLOOKUP, INDEX, and MATCH functions can make life a lot easier for accountants.
Technology

Accountants face new technology issues for year ahead

While fires raged in California last week, accountants at the second annual Accountants Technology Conference in nearby Las Vegas learned about what they can expect to see in the near future in the way of technology changes.Speakers at the event, which ran Sunday through Tuesday, October 21-23, offered a plethora of information about new programs, new gadgets, innovative technology techniques, as well as helpful tips for making the lives of accountants more efficient and effective.In addition to having a chance to meet with several vendors and other professionals in the accounting techno
Technology

Technology generation upgrades: Are educators and employers on the same page?

Information technology (IT) and information systems are pervasive in today’s business environment. CPAs, therefore, have to understand IT processes and controls. What are accounting educators doing to prepare students as they enter an environment in which data moves through computerized accounting packages, intranet portals, or enterprise resource planning (ERP) systems? More importantly, though, are accounting educators and professionals even on the same page with respect to IT education?Technology generation upgrades: Are educators and employers on the same page?
A&A

ExcelZone spreadsheet seminar tips: Think first, Excel second

An experienced group of management accountants gathered earlier this year at the Law Society in London for AccountingWEB UK ExcelZone's inaugural seminar on "smarter management reporting with Excel." The event, the first in a series, was sponsored by ExcelZone partner Rugged Logic. ExcelZone contributor Simon Hurst was on hand to pass on tips for smoother working with accounting data and spreadsheets. "Before we get on to the practical stuff, the first thing you need to do when reporting with Excel is to design a good spreadsheet," says Simon Hurst, AccountingWEB contributor.
Community News

Record keeping for small businesses

The mindset and behaviors associated with protecting intellectual property start with top management. It's a tough job considering the not-so-surprising latitude for departing employees to take corporate trade secrets with them. The Boston Business Journal reports that even with strict vendor confidentiality agreements, keeping corporate secrets may be difficult. Identifying intellectual property at early stages is a good start."Almost all intellectual property starts out as a trade secret. In a lot of ways, that's the point where it's most vulnerable," James Donnelly Jr.
Technology

IBM expands software line for small and mid-sized businesses

IBM has announced new software and resources to help mid-sized customers more effectively manage the quality of their software and network infrastructures, just like their counterparts in large enterprises. The new software underscores IBM's expanded focus on providing small and mid-sized businesses with the solutions necessary to remain competitive in the market. Typically, IT departments in small and mid-sized businesses lack resources or a formalized IT department to support their operations.
Technology

SEC suspends trading on three companies in Anti-Spam Initiative

The Securities and Exchange Commission has continued its assault on stock market e-mail spam by suspending trading in the securities of three companies that haven't provided adequate and accurate information about themselves to the investing public.The trading suspensions are part of the Commission's Anti-Spam Initiative announced earlier this year that cuts the profit potential for stock-touting spam and is credited for a significant worldwide reduction of financial spam.
Technology

It's almost October 15 - do you know where your tax clients are?

The Internal Revenue Service wants to remind everyone of the impending October 15 deadline for extended tax returns. This is the first year of October 15 being the date for automatically extended federal returns. E-filing is still a viable option for extended returns. A record 58 percent of the 135.3 million returns received by the IRS so far this year have been filed electronically.The IRS reports that more than 10.2 million taxpayers requested an automatic six-month extension this year and many of them have yet to file.
Tax

Record number of corporations jump on the e-file bandwagon

The Internal Revenue Service has announced that more than 800,000 of the nation's small businesses and large corporations have filed their tax returns electronically so far this year, a 60 percent increase from last year. Even though they have no electronic filing requirement, more than 780,000 small businesses have opted to e-file their tax returns this year, up more than 50 percent from last year.Many large corporations are voluntarily e-filing as well. The more than 42,000 large corporations that e-filed far exceeded the approximately 22,000 that were required to file by the Sept.
Technology

What is RSS?

RSS means Really Simple Syndication. RSS is a special format based on XML, which was first used to unite headers with web content. In fact, RSS feeds are XML files containing data according to the RSS specification, and usually located on a website.As soon as an RSS feed appears in the Internet, any connected computer can access it. In order for the user to be able to use the RSS feed, he needs special software or services called readers or aggregators.RSS allows users to save their time, however it is rather difficult to create an RSS feed manually.
Technology

Windows loyalists force Microsoft to keep XP in business

The decision to keep the Microsoft XP operating system available till mid-2008 has fuelled suggestions that the expensively developed, but critically challenged, Vista replacement is facing a serious acceptance problem. The company says it's just responding to a trend in which more businesses wait for a hardware change before upgrading software, and that 60 million license sales to date is still respectable. But extending XP is also an insurance against an end-of-life defection from closed Vista to open source.
Technology

Virus Alert: Beware fake Microsoft patch e-mails

Microsoft Security alerts are such a part of computing life that virus writers have now created spoof security alert e-mails to trick users into activating a trojan horse program.
Technology

XBRL delivers taxonomy for electronic accounts

The Security and Exchange Commission has taken a step toward automated filing of "interactive" accounts data with the completion of a project to create an extended business reporting language (XBRL) taxonomy for U.S. GAAP. At a press conference in New York last week, XBRL U.S. president Mark Bolgiano symbolically handed SEC Chairman Christopher Cox a memory stick containing the taxonomy, which is made up of thousands of XML tags that define the classifications used in U.S.