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Technology

AICPA Gets Green Light for Internet Portal

AICPA Council Members voted at the Spring Council meeting to proceed with the new Internet portal project, called 'cpa2biz.com.' The portal will be set up as a separate, publicly traded business, and already has received $107 million in start-up venture capital funding.Plans for the portal include offering business services for the profession, including CPE training, a national directory of firms, and information on technical topics.

Benchmarking Your Organization- with Ric Payne

Ric PayneResults Accountants SystemsSession Moderator: Good afternoon to you! I'm excited about our workshop this afternoon. Benchmarking is truly one of the things that can impact your firm's performance. We are thrilled that Ric Payne, CEO and President of Results Accountants’ Systems, is here to lead this workshop.Please allow me to introduce Ric Payne to you.

Hot News: ITA is Newest AICPA Member Section

In a revolutionary move, the AICPA and the Information Technology Alliance (ITA) have announced the integration of the ITA into the Institute as a firm and company membership division.Called the 'Information Technology Alliance Section,' the ITA is counting on the support from AICPA to help serve its community of CPAs and non-CPAs, and reciprocally for the AICPA's membership interested in information technology consulting.The AICPA's governing body approved the integration on May 21st at its Spring Council meeting
Technology

Modelling and What-If? Analysis With Pivot Tables

All accountants use spreadsheets for financial modelling and “What if?” analysis. However, the unstructured format of the traditional spreadsheet means that large models especially can turn out to be a house of cards, with no-one trusting the results or understanding how they are arrived at.For the results to be trustworthy, the source data has to be properly structured in the first place.
A&A

Pivot Tables Turn On Financial Modeling

Consultant David Carter's latest tutorial shows accountants how they can make the most of the spreadsheets used in financial modelling and "What if" analysis by applying the power of the pivot table to produce reliable and trustworthy results.Carter's latest work, which follows in a long line of the ever-popular pivot table tutorials, is easy to follow and brings noticeable rewards. With it, accountants can manage sizeable spreadsheets for modelling and What if's with the minimum of effort.

Harcourt Sells Off Accounting and Tax Products

Wolters Kluwer has acquired the professional tax, accounting and related products of Harcourt, Inc.'s Professional Publishing unit.The products will become part of Aspen Publishers in Gaithersburg, MD., a member of Wolters Kluwer Legal, Tax & Business North America.At the same time, Wolters Kluwer has sold its one-third interest in MD Consult to Harcourt so that Wolters can focus on subscription-based electronic information services through Ovid Technologies.
AccountingWEB Life

ASPs Offer Cost and Time Savings to Small Businesses

By Sheri Jacobs, Director of Association Marketing and Business Development for SurePayroll.com
Community News

Legal Eagles Stack up in Accounting Firms

The accounting profession hasn't gotten to where it is by resting on its laurels. For years, the Big Five firms have known that it is less expensive and more efficient to have lawyers on staff rather than engage lawyers outside the firm.Now, someone has actually counted the numbers and the Big Five wins!

Complete Access To Tech2000 Conference Materials

If you were not among the several hundred attendees at the recent AICPA/ITA Tech2000 conference in Atlanta, but are still interested in the presentations, today is your lucky day!With the kind permission of AICPA's Andrea Carella, who did a terrific job as coordinator of the conference, AccountingWEB members can now access all the available PowerPoint presentations from the conference on-line.Simply point your browser to www.aicpa.org/tech2000 and when prompted use the Username "Tech2000" and the password "AICPA" (both are case-se

Activity-Based Costing Proves Worthwhile

A new study reveals how activity-based costing (ABC) can be applied to a single department of a major institution of higher education to manage systems more effectively.The study was funded by The PricewaterhouseCoopers Endowment for The Business of Government, and is called 'Using Activity-Based Costing to Manage More Effectively.' Authors are Professor Michael H. Granof, Assistant Professor David E.

Hourly Workers Gain Right to Stock Options

New legislation signed by President Clinton now allows all workers to receive stock options from employers. The new law ensures that hourly workers can now receive similar stock option benefits that salaried employees have enjoyed for years.Earlier this year, an advisory letter released by the Labor Department threatened to force employers to count stock options toward the overtime compensation levels of hourly employees.

Accountants Join IPO Process as Most Trusted Advisor

When it comes to an Initial Public Offering (IPO), the media may lead you to believe that the most important links to companies are venture capitalists and investment bankers.
Technology

Email #1 Way to Reach Accountants

Who could have foreseen what a revolution email would be?A new survey from Accountemps found that an overwhelming 73 percent of CFOs prefer to communicate with accountants by email. Telephone as a preferred media came in at 10 percent, while fax totaled nine percent.Accountemps surveyed 1,400 CFOs from companies with 20 or more employees.

AccountingWEB Weekly News Wrap-up - Issue 43

The AccountingWEB Friday Wrap-Up Newswire - Issue 43May 19, 2000Logon to http://www.accountingweb.comfor more resources.Don't know your membership logon details? Go to http://www.accountingweb.com/forgott

Pentagon Enlists Yahoo!'s Help for Recruiting

If you think it’s hard trying to find a good accountant, consider what it takes to find people to fill jobs that most only see in movies. That’s the situation that prompted the Pentagon to team up with Yahoo! to boost recruitment.Five winners of the fantasy career contest will have a chance to fly a fighter jet, steer a 90,000-ton aircraft carrier, or fly off for four, expense-paid days at Marine basic training camp. The contest runs from Saturday, May 20, the 50th anniversary or Armed Forces Day, through July 4, 2000.

Could the death tax be repealed?

Republicans and democrats unite! Or at least, join forces to repeal the inheritance taxes that require Americans to pay estate taxes on over $675,000 in assets. In the past, Republicans have spearheaded this effort with little support from their Democrat counterparts, but that’s changing. Supporters now include Republicans and Democrats alike. “There is broad support for this bill,” said Rep. Jennifer Dunn, R-Wash.
A&A

Auditors Clean Up with Non-Attest Services

A new survey from the Financial Executives Institute (FEI) finds that an overwhelming 85 percent of respondents say their auditors also provide 'non-attest consulting services.'Respondents claim the reason why this is so high is that they want the freedom to choose consultants, and rely on firms that already provide value to their company through services like audit.More than 60 percent also said that their auditors prepare or review tax returns apart from any tax accrual audit work.The survey was released to coincide with SEC Chairman Arthur Levitt's
Technology

New Love Bug Virus More Dangerous than Original

A variant on the LoveBug virus has been detected by a leading antivirus software house, Symantec. The VBS.NewLove.A is a worm, and spreads by sending itself to all addresses in the Outlook address book when it is activated.
Community News

Lack of POB Funding Hurts Inquiries?

Following the Securities and Exchange Commission's investigation last year of independence issues at PricewaterhouseCoopers, the SEC vowed to investigate other Big 5 firms to ensure independence is not sacrificed.Now, however, lack of funding of the Public Oversight Board (POB) by the AICPA may jeopardize that investigation, and the SEC is not pleased.

Ric Payne

Ric PayneCEO Worldwide OperationsResults Accountants SystemsRichard Payne is CEO, Worldwide Operations of Results Accountants' Systems, a company he jointly founded with Paul Dunn in 1992. Prior to the formation of Results Accountants' Systems Mr. Payne was a Partner in the firm of Rutherfords, one of the largest and most successful accounting practices in New South Wales, Australia.

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