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AccountingWEB Weekly News Wrap-up - Issue 52

The AccountingWEB Friday Wrap-Up Newswire - Issue 52July 21, 2000Logon to http://www.accountingweb.com for more resources.Don't know your membership logon details?

Stephanie Leon

Stephanie LeonSales & Support ManagerResults Accountants' SystemsI'm another East Coast transplant, born and raised in northern New Jersey. After completing my MBA at Seton Hall University I packed my bags and moved to the West Coast. At this time I thought long and hard about what I really wanted to do with my professional life.

Summer Reading for the Business-Minded

Business Week has gathered input from business professionals and business professors, and as a result has compiled a list of recommended business books that, as a group, capture the essence of the business world as we know it today.Recommending the books are 28 business professionals and professors, including Jeff Bezos, CEO of Amazon.com, Philip Kotler, professor of International Marketing at the Kellogg Graduate School of Management at Northwestern University, and Bob Pittman, CEO of America Online.

Robert Half & IMA Team for Member Benefits

As part of a long-term strategy to help its members with career development, the Institute of Management Accountants has just announced that it has entered into an agreement with HR giant Robert Half to offer IMA members a multitude of career placement benefits.Half will be known as the IMA's 'National Career Partner' for the organization's 70,000 members and 300 chapters.At the present time, Half is scheduled to develop electronic access to job searches and resume postings, an IMA-member only career assessment tool, a
A&A

Alaska Airlines Suffers From Accounting Rules

Due to a Securities and Exchange Commission change in accounting for frequent flyer mileage, the parent company of Alaska Airlines will suffer a cumulative adjustment of $56.9 million for the years prior to December 1999.As a result of this change, the troubled airline - known as the 10th-largest carrier in the United States, will see an increase of $1.7 million in the first quarter 2000 loss.The accounting change calls for deferring recognition of a part of the revenue from the sale of mileage credits until passenge

AICPA, et. al. Form E-Security Measures

Cyber-security is at the top of the agenda on many minds, and the Federal government has taken the initiative to meet with top-level, influential organizations to form risk management and insurance guidelines.Not surprising is the fact that one of the groups is the American Institute of CPAs.
Tax

Third Time’s a Charm on Tax Legislation

The House voted 401-25, which of course means that Republicans and Democrats alike are in the same camp on this one, to increase the annual contribution limits to the nation’s most popular retirement plans, the IRA and the 401(k).
Technology

AICPA Loses Peck to Dot-Com

Charles Peck, the Senior Vice President of Marketing, Product and Organizational Development at the AICPA, has been tapped to become Chief Executive Officer of TheGlobe.com, an online community network and service provider, effective August 1, 2000.While at the AICPA, Peck led the re-engineering program that helped the Institute realign itself into a performance driven team based organization.During his tenure at the AICPA, Peck was also involved in spearheading several strategic acquisitions, initiating process improvement programs, and forming over
Community News

7 Firms Combine to Form 13th Largest CPA Firm

The principals of seven highly successful professional services firms have merged their ownership stakes to form Centerprise Advisors, Inc., the 13th largest professional services firm in the country and one of the largest full-service firms focusing on the middle market.The founding companies include five professional services firms: Follmer, Rudzewicz & Co. of Southfield Mich.; Grace & Co. of St.
Tax

Tax Accountants Missing the e-Mark

A survey conducted by KPMG of leading Fortune 1000 companies showed that 51% of the companies agree that e-commerce will lead to increased competition over the next three years.
Tax

Marriage Tax Cut On to Next Step

A joint House/Senate conference committee will proceed with ironing out the differences between the two versions of the marriage tax cut bill that passed in the House and Senate.
Technology

Get that Junk Mail Out of Your e-Mailbox!

The House has passed H.R.3113, “Unsolicited Commercial Electronic Mail Act of 2000,” which may cause junk e-mailers to look for a new way to make a living. The bill nearly passed almost unanimously (427-1), and so should have an easy ride through the Senate. The dissenting vote was cast by former Libertarian turned Republican Representative, Ron Paul, of Texas.The provisions of the bill require that anyone sending an email message will be required to provide a valid return address, so that recipients may request that their name be removed from the mailing list.
Tax

Let’s Give Employees the Whole Truth

The House has paved the way for better employee understanding of just what goes on “behind the scenes” regarding employer contributions to Social Security and Medicare by passing a bill that will require this information to be disclosed on annual W-2 forms.The Right-to-Know Payroll Act, as it is presently called, would require an amendment to the IRS Tax Code calling for new areas on the W-2 form to display employer contributions that are made on behalf of employees. The bill was introduced by Rep.
Tax

IRS Issues new Preparer Rules

In 1998 the IRS issued proposed regulations regarding the retention of preparer-signed tax documents. Those proposed regulations have been withdrawn, effective July 18, 2000, and replaced with final regulations.
Practice Management

Break with Tradition – Pay for Performance!

Rex Gatto, Ph.D., psychologist, business lecturer, and counselor, provided us with insights into the world of Pay for Performance.

Pay for Performance, with Rex Gatto

Rex Gatto, Ph.D.Gatto Training AssociatesSession Moderator: Dr. Gatto is the founder and president of Gatto Training Associates (GTA). Dr. Gatto's practice has been dedicated to helping people in the workplace to enhance productivity through a better understanding of themselves. He has done extensive research in the area of individual working, thinking, personality, leadership, teamwork and communication styles and their impact on the working environment.

Rex P. Gatto, Ph.D.

Dr. Gatto is the founder and president of Gatto Training Associates (GTA). Dr. Gatto's practice has been dedicated to helping people in the workplace to enhance productivity through a better understanding of themselves. He has done extensive research in the area of individual working, thinking, personality, leadership, teamwork and communication styles and their impact on the working environment. As a behavioral scientist and counselor he has devoted his energies to helping all levels of business people: CEO's, vice presidents, managers and professionals to have an enriched worklife. Dr.
Technology

KPMG and Microsoft Find New Way to Hold Hands

The Bill Gates prophecy is for a world where all computers can communicate easily with one another, fueled by the vision that that the electronic language computers will use will be a common language.

SEC Using MicroStrategy as Example of Auditor Independence Violations

This is not the first time that the alleged marriage between Vienna, Virginia based software developer MicroStrategy and the auditors and consultants at PricewaterhouseCoopers has been in the news.
Technology

Is a PDA In Your Future?

A recent report by the Giga Information Group indicates that Personal Digital Assistants, the most popular of which is the Palm, are still considered a luxury rather than a necessity in the business world.Although some individuals, such as sales professionals, can benefit greatly from use of the devices, most companies find it difficult to justify the expense of acquiring, supporting, and administering such devices for the majority of employees.But that doesn't mean there isn't

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