News

Technology

What Are The Top Business Related Web Sites You Frequent?

Everyone knows that there are thousands of web sites available to today's business person designed to help them do their job more efficiently and effectively.We thought it would be interesting to invite the AccountingWEB community to share the top three web sites that you use on a regular basis in your business so we can compile a list of the Best of the Best so everyone can benefit.Scroll down this page to view some of the responses we are receiving from community members.

Education Loans Available For Grad School Test Prep

Sallie Mae, the nation's largest provider of student loans, and Kaplan, the leader in test preparation for graduate and professional schools, have announced the Kaplan Student Loan Program providing low-interest loans to eligible students wishing to take a test-prep course.The program allows any Kaplan student who is a US citizen or a permanent resident with a social security number to be eligible for the program."This program opens doors to students who might not otherwise be able to afford test prep," said John Polstein, president of Kaplan Test Prep and Admissions.
Community News

Is Cap Gemini Really Ahead When it Acquires EY's Tech Practice?

Cap Gemini today received the approval of the European Commission to purchase Ernst & Young's Ernst & Young's Global Consulting and IT activities.While analysts previously have predicted that this step moves the European giant one step further in strengthening its consulting services across Europe, the Commission disagreed.Instead, the Commission stated that technological innovations will become more important than who actually 'owns' the business, and that the market will remain fragmented because innovations are hap

One Question You Can’t Afford NOT to Ask

The competition is breathing down your neck, your clients seem happy, but are they? In the age of quality service, there’s one question you should be asking to ensure you are on the same page with your clients.
Tax

VAT in Lebanon a Sticky Situation

Implementing the VAT (value-added tax) in many countries across the world is a no-brainer in most arenas. However, in Lebanon, where the VAT begins in about eight months, the government may not be ready to face the VAT's reality in actually collecting the tax.Why? Reports state that the government in Lebanon has had a hard time implementing income and property taxes.
Technology

Andersen Consulting Revs up for Site Services

Tenneco Automotive has engaged Andersen Consulting's Automotive, Industrial and Transportation group to provide consulting services to design and build a new customer service Web site.The site is designed to provide after-market sales and service to customers seeking industrial automotive equipment, such as ride control, and exhaust systems' products.Putting the power of the Internet in their hands, customers can order and track any orders placed at the Tenneco site.
Practice

Internet Based Malpractice Insurance Now Available

Accountants, bookkeepers and tax preparers now have an alternative for malpractice insurance, available for the first time through the Internet through a new web site unveiled this week by one year old ePolicy.com, Inc. of Torrance, California.Shopping for insurance can be handled entirely through the Web, and coverage from major carriers is available within minutes.The malpractice insurance available through e-Policy is primarily for firms with 10 or fewer accountants or bookkeepers.
Community News

Two Top-Tier Firms Near A Merger

The Electronic Accountant reports that Southfield, Michigan-based Plante & Moran and Indianapolis-based Olive -- both powerful top-tier CPA firms in the midwest -- are in merger discussions.A combined firm would be ranked #12 in the US, with 25 offices, revenues of approximately $175 million, and a staff of over 2,000.Merger discussions are currently underway, but no formal announcement has yet been made.

Employee Feedback Provides Immediate Solutions

Remember the old suggestion box? If you're old enough to remember that, then you probably should take a seat and realize that feedback from employees on how you're doing, what they like and dislike about your organization, along with other matters, is paramount in today's workplace.Short, handwritten notes really do the trick. They can be handed in anonymously without fanfare or fear of a loss of credibility.
A&A

Survey Shows Trade Secrets Are At Risk

More than half of US corporations are ill-equipped to protect their trade secrets, and do not have an established protocol to ensure their protection, according to a just-released survey of 200 top trial lawyers by PricewaterhouseCoopers and the American Bar Association.Survey respondents estimated that 40-70% of company records are kept in electronic form, but the security and accessability to that information is questionable.

Deltek Names New Senior Vice President of Sales and Marketing

McLean, VA - May 17, 2000 - Deltek Systems, Inc. (NASDAQ: DLTK). Deltek Systems, a leading provider of software solutions for professional services and project-based firms, announced the appointment of Joseph J. La Pilusa as the company's new Senior Vice President of Sales and Marketing, effective as of May 15, 2000. Deltek's President and CEO, Ken deLaski, emphasized, "Joe has enjoyed tremendous success building and leading sales, marketing and business development teams throughout his career.

Solutions 6 Chief Resigns Amid Scandal

Solution 6's Chief Executive Chris Tyler has resigned after revelations that he was central to the collapse of a Canadian company in the 1990s and was also given a suspended sentence for possessing a large amount of marijuana, according to Excite.The market reacted positively to the move, with the accounting software firm's shares leaping 28% after his departure was announced. The previous poor performance of Solution 6 shares has led some to believe the resignation was forced.
Practice Management

Critical Factors in Receivables Handling

Written by James Herst, Performance Source, Inc., reprinted with permission by The Financial Management Network.Sellers can avoid bad debt losses through better handling of their receivables. Here’s some suggestions. Customer Records a KeyCreate and maintain accurate customer records, including full name of customer’s bank. Know names of those who approve payment, signs check and the superior of each at customer location. Call a new customer and tell your credit terms. Ask: Can you live with that?
A&A

The Legal Audit: A How To Manual - Part II

Written by Annette S. Biesecker, Executive Vice President, Accountability Services, Inc., reprinted with permission by The Financial Management Network.In the first installment of The Legal Audit, we examined the various billing problems and irregularities that auditors should be aware of when conducting a legal audit.

Creating a Risk Management Program to Minimize Exposure to Employment Discrimination Cases

It is essential for employers to examine their possible exposure to employment discrimination litigation and adopt a program to minimize their exposure to such litigation. We have seen the cost of such litigation skyrocket in recent years as employees have become more aware of their rights. We firmly believe that the best result is the lawsuit that never happens. The elements of a risk management program should include the following:1.

Analyzing the Fed's Rate Hike: Words Speak Volumes

By now, it's old hat that Alan Greenspan of the Federal Reserve will recommend a half-point hike in the interest rate, but how he conveys the news is more likely to be news than the interest rate hike itself.For example, if the Fed were to communicate that this hike is the last one in the current monetary cycle, that would be a signal to Wall Street that there may be a rally.Instead, the Fed will be more cautious and not reveal any information as to what it may do in the future - and that they are not through with raising rates.At the same time, if the Fed says the rate hike is to hea
A&A

Analyst Fields CPA/Financial Services Conflicts

One of the most debated and discussed issues in the accounting profession is the one about commissions and contingent fees, and whether CPAs should be in the business of taking them.What would you do if you were faced with a situation involving accounting and consulting?Industry analyst Wilbur L. Ross Jr. recently sat down with a reporter from The New York Times to answer questions like this one, along with funding Internet start-ups, restatements of corporate earnings and the economy.You can find the full interview at the link below.
Technology

AOL Pays Millions in Accounting Mishap

On Monday, America Online agreed to pay $3.5 million in civil damages based on improperly accounting for advertising revenues.

Deltek Releases Enterprise Planner Suite, Offering Resource Planning and Budgeting Software for Professional Services Firms r

Top Government Contractor, Financial Services Technology Company, and Largest U.S. Rail Transportation Consulting firm Praise Deltek's New Analytic Product Suite McLean, Virginia - May 15, 2000 - Deltek Systems, Inc. (NASDAQ: DLTK). Deltek expanded the breadth and power of its professional services automation (PSA) solutions with the release of its Enterprise Planner product suite, featuring Corporate Planner for macro-level budgeting and forecasting, and Project Planner for project-specific resource planning and budgeting in professional services organizations (PSOs).

Harding Honored for XBRL Efforts

Great Plains vice president Wayne Harding was honored by the AICPA with a Special Recognition award for championing the XBRL project on behalf of the accounting profession.The award was presented during AICPA's TECH 2000 Conference in Atlanta, May 9-12.Harding served on the original XBRL Work Group that first devised the project as a complement to the XML reporting language, and continues to serve on the XBRL Steering Committee.Harding also serves as president elect of the

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