News

Bad Training at Issue in Gov. Accounting System

A new report released last week by the General Accounting Office finds that the accounting system running our nation's government is in peril due to a lack of security training of personnel and poor enforcement of security policies.The Financial Management Services (FMS) arm of the Treasury Department is the agency responsible for operating the accounting and reporting system, as well as distributing money to Federal agencies.

Increase Revenues With HR Consulting Practice

With low unemployment and a shortage of qualified workers, one of the new, hot trends is to provide consulting services in human resources, either by advising clients on hiring practices or even in the recruiting function.

Academic Preparation for the CPA Exam

Academic Preparation for the CPA ExamPresented by: Sam GobleWednesday October 4, 20004:00pm EDT,The AccountingWEB Workshop RoomWorkshop OverviewStudents should be aware of the broad topics covered on the CPA exam in order to select their college courses.Workshop OutlineThe four parts of the exam and their broad topics tested are as follows:Financial Accounting & Reporting (FARE) 4.5 hours

AccountingWEB Weekly News Wrap-up - Issue 62

The AccountingWEB Friday Wrap-Up Newswire - Issue 62September 29, 2000Members Logon to http://www.accountingweb.com for full access to all our resources.Don't know your Logon Membership Details?Go to h
Community News

Senate Asks Levitt for Smoking Gun

Arthur Levitt, SEC Chairman, presented his case for new guidelines for auditor independence to the U.S.

Scots and Irish Pull Out of Global Qualification Scheme

The Scottish and Irish accounting institutes have decided that the proposed global business qualification being developed by international accountancy bodies is a non-starter and have pulled out of the task force developing the scheme.This is the designation code-named "XYZ Designation" by the American Institute of CPAs, and previously referred to as "Cognitor."The Scottish ICAS stated: "The institute has concluded that there is insufficient market demand for an all-embracing qualif
Technology

Sage Receives Award for Technical Support

Sage Software has received the Software Technical Assistance Recognition (STAR) Award from the Software Support Professionals Association (SSPA). This is the fourth consecutive year the software giant was awarded this honor, and the only company that has ever won the award this many years in a row.Sage was called the 'best in the business' by Bill Rose, SSPA founder and executive director.

U.S. Economy Growth Rate Remains Positive

The second quarter results for growth in the U.S. economy demonstrate that once again the U.S. economy grew substantially over the previous period. The total growth was a 5.6 percent increase.The increase was attributed to three factors: a decrease in consumer spendingan increase in the investments made by American companies an increase in spending by the Federal governmentCompany spending included durable goods like computers as well as increases in inventory levels.

Microsoft Changes Accounting Methods

Microsoft has announced a change in the method by which it reports on derivatives and hedging activities and as a result will absorb an $350 million extraordinary loss on its first quarter financial statements. Microsoft's CFO, John Connors, claims that reporting the loss will not have a significant impact on the company.The company is also changing the way in which revenues are reported, by breaking out certain services and software types as separate line items.
Community News

Mr. Levitt Goes to Washington

Undaunted by days of public pleas for more time and less restrictive guidelines from members of the accounting profession, Chairman of the SEC, Arthur Levitt, will appear in Washington today to make his case for auditor independence before Congress.Mr. Levitt is expected to meet with heavy opposition from Republicans and other members of Congress who have complained that the strict guidelines would "force dramatic changes in the structure and business practices of accounting firms" and would require corporations "to pay increased costs for some types of accounting services."Mr.
Community News

Hotels get Real-Time Results from Andersen System

To improve customer service, hotels across the World are demanding real-time results to customer service surveys, and Arthur Andersen, LLP now provides a unique capability via their service called Hotelbenchmark.com.The Hotelbenchmark.com web site is an offshoot of the firm's popular Hotel Industry Benchmark Survey in which more than 3,500 hotels from 200 markets regularly participate.The system is part of the firm's Web-based MarketShare initiative to service vertical industries in a more timely and

Gizmos & Gadgets: New Cell Phone Breakthrough

Carrying an all-in-one appliance may get easier than ever before, thanks to a partnership between Motorola and Palm.The integrated phone would function as a telephone and personal organizer, and would have a color screen that would be larger than typical cell phones, yet smaller than the Palm screens on stand-alone organizers.The two companies are competing with Nokia, Ericsson and Microsoft, all of whom are reported to be developing similar devices.
Community News

Jerry Atkinson Retires

AccountingWEB would like to add its name to the long list of well wishers on the occasion of the retirement of Jerry Atkinson, founder of Atkinson & Co., Ltd of Albuquerque, New Mexico.Jerry is retiring today, coinciding with the firm's 30th anniversary.Jerry has been a very active member of the profession on the local, state and the national level since starting his firm in 1970.

Finding the Right PR Agency for You

Public Relations is more than just a little bit of free publicity. It is a function that can’t just rely on the same, tired routine for every client or every type of client for that matter. If you want to hire a PR firm you need to be sure you’re choosing the right one for the right job. Does the firm know your industry? Does it know your market?Public Relations is more than just getting your name in the paper.
Technology

FiNetrics Brings Microsoft’s .NET Vision to Life

SAN FRANCISCO – Sept. 26, 2000 – FiNetrics Inc. (www.finetrics.com), a business service provider (BSP) developing an integrated and comprehensive suite of financial applications and services for the emerging and medium-sized business market, is one of the companies taking the lead in bringing to reality Microsoft Corp.’s (Nasdaq: MSFT) .NET vision of “always on” access to personalized applications over the Internet.

Hiring Pitfalls: How to Avoid Them

How many times have you taken a candidate at face value trusting that they will be who they say they are? Have you been impressed with the image a recruit puts forth in an interview only to have them morph into a completely different person two months into the job? Here are a few things to keep in mind when you’re looking for new employees.Don’t rush to fill a position. While you may need that person immediately, don’t let your need to get someone cracking on that billable time override your good judgment. Be particular.

Global Tax Network Announces Partnership With CPA Directory

Global Tax Network announces partnership with CPA Directory, providing the very best in online tax solutions for taxpayers and tax professionals Global Tax Network (gtn), a Colorado based online tax service announces a partnership with CPA Directory, an online accounting portal, to provide comprehensive tax resources for taxpayers and tax professionals.
Technology

Forgotten the Name of an Important Document? Explorer Tip

Every once in a while our memories don't serve us well, and we forget the name or path of a file or lose track of a file altogether. If you know you created it, and you know you saved it, but you can't remember what you called it, try this: Open Windows Explorer. Go to Tools and select Find. Select Files or Folders. Click the Date Tab. Select Find all files, then choose Modified from the drop-down list. Click between and then choose a date range when you know you worked on the file.

Long-Term Employee Retention

Hiring the right candidate might seem to be your firms top priority --but not when you look at the facts, keeping those candidates long-term should be and is the priority.Your firm can invest time, effort and valuable resources enticing the right candidates.
Tax

Tax Projections Show Lower Payments to IRS for FY 2001

When Americans pay their taxes on April 15, 2002, CCH Incorporated predicts the tax liability will be lower than in previous years.Due to low inflation, CCH believes the tax results based on income adjustments for single and married taxpayers will be more for 2001 than the previous two tax years.

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