News

Community News

KPMG Consulting Goes Public

KPMG Consulting, a breakaway company from KPMG, which was formed last February, has announced an initial public offering.
Technology

D&T Resigns after Dotcom Difficulties

The Big Five firm told its client, Financialweb that its "lack of adequate systems, controls, and personnel necessary to timely prepare internal and external financial statements" for the past three years was a reportable condition, and it was resigning immediately.The auditors also recommended that the firm conduct an internal investigation into allegations that its stock was the target of manipulation, as raised in a federal indictment concerning a shareholder and consultant connected with the Internet firm.Financialweb
Technology

AICPA Portal, CPA2Biz, Names Management Team

The new Internet portal created and now run as a separate company by AICPA--CPA2Biz--is closer to opening for business.Information on the management team was posted on the web site this week, which includes Chair of the Board Barry Melancon, CPA; Chief Executive Officer Brett L. Prager, Senior Vice President, Strategy & New Product Development John F. Hudson, CPA; Senior Vice President, CPAs and State Societies Gideon Malherbe; and Director of Business Development Wayne Harding, CPA.The team includes some AICPA staff, along with outside consultants.
Technology

Palm Reaches new Market With M100

In an effort to expand its ever-growing market share and perhaps appeal even more to younger audiences, Palm has just released its M100 model to replace the best-selling Palm IIIe.Analysts say Palm's appeal to a younger sector is evident through the M100 and its fashion color, interchangeable color covers.There are several other major differences in the new model, too. The screen is smaller than any other Palm devices. However, a Hotsync cradle no longer is needed because the Palm connects directly to a PC for syncing with a serial port cable.

Employees Just Wanna Have Fun

How does an accounting firm keep up with the times? Descriptions of the accounting industry often produce terms like down to earth, levelheaded, studious, etc. Face it, "fun" isn’t exactly the first term that comes to mind. However, in today’s job market, fun is a valuable feature to offer.
Practice

Do You Really Know Your Clients?

If you’re looking to position yourself as a leader in your industry you’ve probably found yourself focusing on the intricacies of the accounting industry itself. While this is a mandatory aspect of what you do as an accounting professional, a way to differentiate yourself from the competition is to be an expert in your client’s industry.Make it a point to subscribe to publications focusing on the industry you find your practice wanting to grow the most, or the ones your practice has developed a strong client base in.

SurePayroll.com Launches Trusted Advisors Program For Professional Services Firms

HIGHLAND PARK, IL – August 7, 2000 – SurePayroll.com, provider of the fundamentally different, 100% web-based payroll service, announces the creation of its Trusted Advisors Program (TAP) -- a client assistance and referral program for professional services firms.Payroll processing companies and professional services firms have always had a reciprocal relationship when it comes to payroll.
Community News

Wadia Resigns over Andersen Divorce

Arthur Andersen chief Jim Wadia has sensationally resigned after the arbitrator's ruling on the accountancy giant's divorce from Andersen Consulting.The International Chamber of Commerce ruling gave Arthur Andersen back its name, but found that the two firms' umbrella group Andersen Worldwide was in breach of its obligations under the original operating agreement.Wadia said in a statement that he has decided to take early retirement from the firm after welcoming the court's decision.
Community News

Andersen Consulting is Free!!!

Andersen Consulting got the word in its New York Offices at about 5:00 this morning – the firm is no longer tied to Arthur Andersen in any way and can compete freely for clients without having to pay any fees to Arthur Andersen.Terms of the 130-page arbitration document that came across a fax machine in New York this morning, while members of Andersen Consulting were cheering, include the following: Effective immediately, Andersen Consulting is a separate entity from Arthur Andersen and Andersen Worldwide.As of today, all agreements are severed and all transfer payments
Community News

Computer Associates Names new CEO; ACCPAC to Split

In the wake of less-than-desired earnings, Computer Associates today announced the appointment of Sanjay Kumar as president and CEO. He previously held the position of president and COO.The announcement blends with the company's motivation to renew itself and to facilitate a general across the board.
Technology

AICPA, Other Countries Discuss Online Privacy

Officials from the AICPA traveled last week to the city of lights to meet with representatives of 12 other countries and discuss the foreboding issue of online privacy and risks associated with e-Commerce.AICPA chairman Robert Elliott commented that 'As the representative of over 335,000 individual members of the accounting profession who deal with confidential information on behalf of both individuals and businesses, we feel strongly about the need to protect private information.

ACCPAC Applauds XBRL Release

ACCPAC,a member of the XBRL Steering Committee, has publicly announced its support and praise for the first XBRL specifications, released last week and announced in a story on AccountingWeb.A division of Computer Associates' interBiz group, the goal is to develop guidelines and specs that blend with the financial practices and tax rules followed on an international level.Barry Melancon, president and CEO of AICPA
Tax

Clinton Vetoes Marriage Tax for All the Wrong Reasons

President Clinton issued his long-promised veto on Saturday and dashed the hopes of married couples everywhere who were hoping for a tax cut this year. In a confusing message, Clinton stated first that the elimination of the marriage tax penalty would take too much revenue away from the government and more than use up the federal surplus about which we keep hearing so much.Upon closer examination, it is clear than Clinton believes no such thing.
A&A

Decimals to Come to the Stock Exchange

Beginning August 28, 2000, you will start seeing securities listed with decimals instead of the traditional fractional reporting that has been available since the exchanges began.Decimal pricing will be phased in in a four step process through April 9, 2001, when all securities on all exchanges will be listed in decimal format.
Tax

A Change in Real Property Tax Depreciation Methods?

A recent study by Big 5 firm Deloitte & Touche released this week concludes that the current investment recovery depreciation schedules of 39-years for non-residential property and 27.5-year for residential property are too slow and should be changed.The study, which is the most comprehensive depreciation study in over 20 years, shows that the economic value of property should more accurately correspond to a schedule of 20 years or fewer to properly reflect modern economic co

AccountingWEB Weekly News Wrap-up - Issue 54

The AccountingWEB Friday Wrap-Up Newswire - Issue 54August 4, 2000Members Logon to http://www.accountingweb.com for full access to all our resources.Don't know your Logon Membership Details? Go to htt

Excel Tip: Manipulating 3-D Worksheets

For those of you who have an interest in working with multiple spreadsheets within a single Excel file, here's a quick tip for manipulating numbers in a situation where you have several sheets of identical format, but with different numbers. Say you have 12 active sheets, with sheet 1 as the summary sheet and sheets 2-11 providing the detail, and you want to add the contents of Cell D5 from sheets 2-11 and place the sum in cell D5 of sheet 1. Step 1: Place your cellpointer in cell D5 of sheet 1 and initiate the formula by clicking the AutoSum button on the standard toolbar.
Technology

10 Steps Towards Protecting Your Privacy on the Internet

The AICPA's Bob Elliott joined representatives of other global accounting professional bodies in Paris this week to discuss the opportunities and risks inherent in e-business.The group issued the following guidelines for protecting your privacy on the Web:Be cautious about giving personal informationUse a secure Internet browser Make sure the merchant site is secure and review its privacy policyPay by credit or charge cardBeware of "Trojan Horse" programs - downloading programs off of the Internet from an unknown sourceNever give your passw
Practice Management

Are Digital Business Cards Worth the Effort?

The latest craze in electronic gadgetry is sure to be the electronic business card, a hand-held, smaller-size CD-ROM that can serve as a gateway to lots of different kinds of information about your firm or business.But are these cards worth producing, and are the benefits going to truly help?Like any marketing tactic, the answer sometimes is vague, but CPAs and accounting professionals will want to quantify this effort first by looking at the card's cost.
Community News

H&R Block Debuts new Logo and Image

H&R Block has unveiled their new logo and image with a dramatic campaign.A green block is the hallmark for the campaign, which is meant to symbolize the fact that H&R Block is an organization that offers financial planning year-round, rather than just at tax time.Each of the companies subsidiary divisions now will be known as a part of the parent company by emphasizing the company name.

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