News

F9 CREATES enhanced financial reporting Solution for Adonix X3 ENTERPRISE SOFTWARE

Pittsburgh, Pennsylvania, September 01, 2000 – Users of the Adonix X3 enterprise information management software can now easily customize financial reports that incorporate live data from their general ledgers -- without leaving their spreadsheets.
Tax

Estate Tax Repeal Officially Dead

Members of the House of Representatives voted Thursday in an attempt to override President Clinton's veto of the bill that would repeal the federal estate and gift tax.The vote fell 14 votes short, largely due to votes from Democrats who were not present last spring for the original vote on this bill in the House.This marks the official end of this bill as an override vote was necessary from both the House and the Senate to kill the veto.

Excel Tip: Ten Tips for Working With Multiple Sheets

There are several tricks and shortcuts you can employ when you want to use multiple sheets within one workbook. Here are a few of our favorites - feel free to add a comment and share your own tricks with the crowd!Insert new sheets.Are you unhappy because only three sheet tabs appear at the bottom of your screen? Choose Insert, Worksheet from the menu and add another (and another, and another…). To speed things up a bit, click on Sheet1, hold down Shift, click on Sheet3 and three sheets are selected.

AccountingWEB Weekly News Wrap-up - Issue 59

The AccountingWEB Friday Wrap-Up Newswire - Issue 59September 8, 2000Members Logon to http://www.accountingweb.com for full access to all our resources.Don't know your Logon Membership Details?Go to ht
Tax

Roth and Retirement Plan – the Names are Synonymous

William Roth will go down in history as the man who made America save for its collective retirement. After giving his name to the phenomenal Roth IRA, you’d think he could rest on his laurels and, well, retire. Instead, Roth has a new Roth baby in the works.The plan, unveiled in the Senate on Wednesday, would raise contribution limits for both regular IRAs and 401(k) plan.

Is Accounting A Prestigious Profession?

Accountants aren't dead, but they are dead last in terms of perception of "prestige" by adults. A new Harris poll found that the accounting profession carries little 'prestige' compared to doctors, teachers, bankers and even the legal profession.The telephone survey was conducted in August among 1,010 adults.

Congressman Honored With FEI Public Policy Award

Financial Executives International (FEI) honored The Honorable Rob Portman (R-Ohio) with the organization's first Public Policy Excellence Award.FEI bestowed the honor on Portman based on his accomplishments in retirement security and pension reforms, especially with the current bill called the Portman-Cardin plan.In essence, the plan simplifies many aspects of retirement, removes regulatory road block and enables more businesses to offer pension plans.
A&A

12 Ways to Ease the Fear of Self-Investing

Even though we are accounting professionals and are used to dispensing advice, when it comes to self-investing--with our own money--it's a different story completely!Most anyone who invests on their own faces a society in which we're taught to trust someone else with our money. However, there are ways to combat the fear of investing and come out on top.

Survey Shows CPAs Want Accountability

A survey done conducted by Audimation Services at the Illinois Society of CPA’s business show indicated that the majority of accounting professionals agree with the need for strict assurances of auditor independence. The survey of 166 accounting professionals emphasized proposed regulations by the SEC regarding auditing activities.

Did Arthur Andersen Look the Other Way?

The SEC is maintaining that accounting done by Arthur Andersen for client, Waste Management Inc., may have crossed accounting independence lines and is adding fuel to the independence fire.
Technology

Third Time's a Charm for Microsoft Handhelds

If the cliché 'third time's a charm' means anything, then Microsoft ought to succeed with their newest entry into the already crowded handheld marketplace.The company began distributing its first foray into the market so capitalized by Palm in late 1998, but failed to make a name for itself with the Jupiter handheld--mostly due to the gargantuan price of $800 to $1,000 each.It was back to the drawing board with the Pocket PC, but that, too, failed.

Spotlight on Andy Armanino, CPA

AccountingWeb ProfileAndy Armanino, CPAPartnerArmanino McKenna LLPRetention Methods are the Name of the Game at this San Francisco FirmArmanino McKenna has a simple, yet rock-solid firm philosophy: recruit good people and treat them well. End of statement.
Tax

Dems May Jump Ship and Side with Clinton

Thursday’s House vote should be close, but analysts are predicting that Congress will be unable to collect enough votes to override Clinton’s veto of the controversial estate and gift tax repeal bill.Some Democrats who voted for the bill initially are considering changing their votes. In addition, eleven Democrats who were absent from the original vote are expected to side with Clinton Thursday.

Auditor Recommendations Offered in Time for SEC Hearings

The Panel on Audit Effectiveness, which was appointed by the SEC to evaluate the way in which audits are performed and the effects of such audits on the public interest, has issued its final recommendations in anticipation of next week’s SEC hearings.The panel has been studying audit effectiveness for two years, and now offers the following suggestions which will be discussed at the next two SEC public hearings on September 13 and September 20.Auditors should perfor
A&A

Fin. Exec. of the Year Nominations Open

Fiscal responsibility affecting cost savings, productivity and profitability are the attributes associated with the Financial Executive of the Year awards competition.Now in its fifth year, the awards are sponsored by Accountants on Call (AOC) and the Institute of Management Accountants.Both members and nonmembers of the IMA are encouraged to apply for the award; deadline for submitting nominations is Nov.
Tax

Ragin' Cajun! Improving Tax Receipts in Louisiana

The state of Louisiana is in trouble.

E&Y to Face Trial in $65m Audit Claim

Ernst & Young faces a civil trial following a claim by three leading US banks that it failed to detect serious flaws in a client's financial statements, according to the New York Law Journal.The banks, led by LaSalle National Bank, claim that they increased funding to the now-bankrupt electronic wholesaler Kent International Associates by $65m on the strength of E&Y audits for 1995 and 1996.No irregularities were discovered in the audits, but later it was discovered that net sales had been overstated by almost 400% at the firm,
A&A

NetLedger and ADP Launch Online Payroll and Accounts

Accounting application service provider NetLedger has formed an alliance with payroll company Automatic Data Processing (ADP) to offer an integrated "one-stop" payroll and accounting service on the Web.EasyPayNet is available to customers of both companies and lets them automatically update their accounting records as their payroll is processed.
Community News

Panel Chosen for Round 2 of SEC Hearings

SEC Announces Schedule of Witnesses for Public Hearing on Auditor IndependenceSchedule of AppearancesPublic Hearing9:00 a.m. – 6:30 p.m.As previously announced, the Commission is holding a public hearing on Wednesday, September 13, in connection with its proposed rule amendments regarding auditor independence. The hearing will take place in the Pace Downtown Theatre at Pace UniversityNew York, New York The following is a schedule of appearances for the hearing:8:45 am: Opening Remarks Morning Session9:00 am: Panel 1 Laurence H.
Technology

Time for a Cookie Break? Munch on This Microsoft Program

If you go to a web site and register your name and password (like you probably did with AccountingWEB, a small file called a "cookie" is left on your computer. The next time you go to the web site, the site recognizes you and you gain instant access. The site recognizes you because it has found the cookie. You may notice that if you are using a different computer and you try to go to a site on which you have registered, you have to provide your registration information again.

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