News

Beta Alpha Psi Gathering attracts Students & Faculty

Beta Alpha Psi's annual meeting featured opportunities for performing community service, attending meetings, getting to know students and faculty from other schools, visiting with exhibitors, and a chance to win $200 from AccountingWEB!The BAP meeting was attended by nearly 1,000 students, many of whom converged on Washington, D.C. on Thursday, August 10, for a day of community service.

Audit Woes at Long Beach Convention Bureau

While accounting problems continue to plague the Long Beach Convention and Visitors Bureau, the city auditor has decided to work with the Bureau's Audit Oversight committee to rectify the problem.Earlier this summer during an internal audit, the Bureau discovered inaccurate records used by the Bureau to determine the size of financial incentives for the bureau's sales staff.
Practice Management

Best Methods to Recruit New Hires

With low unemployment, finding new hires for financial and technical positions has become an unusually difficult task. How do you determine the best use of time and resources?Newspaper or other media advertising is the traditional route for finding new employees. A downside of this method is that it can result in too many unacceptable applicants ... many of whom are over- or under-qualified.Online resources and job-posting boards are gaining in popularity, particularly for those trying to fill high-tech jobs.
Technology

10-4 Good Buddy! Online Bankers Target Truck Drivers

Online banking isn't new, but one bank has elevated the concept to a new level: online banking has taken to the highway.This week, National InterBank announced that it has adapted its Internet-based banking service for big-rig truck drivers who want to access their accounts while actually sitting in the cab of their trucks (but presumably not while they're driving...).Banks and lending institutions have discovered that truck drivers represent a niche market to which services may be targeted.

Disabled Workers are Often Overlooked and Need Jobs

AccountingWEB has reported several stories over the past several weeks on the strong economy and low unemployment, but how true does this familiar tune ring for the disabled?Not very loudly, according to sources. Disabled persons are referred to as the 'invisible' work force. In an age in which most everyone has a job (unemployment is at four percent), many disabled workers have an extremely difficult time securing employment. Figures are reportedly as high as 75 percent.Now in its 10th year, the Americans With Disabilities Act seemingly has little affect.

AccountingWEB Weekly News Wrap-up - Issue 55

The AccountingWEB Friday Wrap-Up Newswire - Issue 55August 11, 2000Members Logon to http://www.accountingweb.comfor full access to all our resources.Don't know your Logon Membership Details?Go to http:
A&A

The new CFO: Beyond Salary and Benefits in a Start-Up

Jumping ship to a dotcom is commonplace in today's online marketplace, but in a time when jobs are plentiful, what is the real attraction to go work for one of these start-ups?It's certainly not salary - many salaries are below what typical CFOs and finance professionals have been paid. It's certainly not the stock options either.
Tax

Some new Tax Shelters a No-Go With Treasury

Based on sources, The New York Times reports that several Big 5 firms are proposing unique tax shelters to clients that do not make the grade. The shelters create artificial tax losses by investing in partnerships.The Treasury Department did not release the names of the firms that are suspect, and could not be sure of which firms even proposed the shelters.

Accountants Beware: Potential Lawsuits Ahead

Beware of the potential liability issues that are hanging out there in the world of financial planning, warns, Camico and CNA, both companies specializing in providing liability coverage to the accounting profession.

Deltek® Systems Acquires Semaphore

McLean, Virginia – August 10, 2000 - Deltek Systems, Inc. (NASDAQ: DLTK) (www.deltek.com). Deltek®, a leading provider of enterprise software to professional services industries, today announced it has acquired Semaphore, Inc., a major developer and distributor of advanced financial and project management software and services for over 2,000 professional services firms. Deltek purchased all of the outstanding stock of Semaphore, Inc. for a price of $10 million in cash pursuant to an Agreement and Plan of Merger.
Technology

FEI Posts PwC PowerPoint on Risk Management

The Financial Executives Institute has published a presentation by PricewaterhouseCoopers addressing issues related to risk management and e-business privacy. The presentation is being offered in conjuction with a teleconference on August 10.The presentation is available for download.
Technology

Microsoft's .NET Strategy Boosts Service Approach

While the Department of Justice waits to deliver its final decision to Microsoft regarding the software giant's fate as one or more companies, the company has unveiled its .NET strategy, a new effort at delivering services through a bundled approach to doing business.A general manager for one of the districts says that the company's number one priority for the .NET strategy is ensuring the privacy of all users is kept strictly confidential.

Economy Slows Down; Rates not Likely to Change

Reports gathered from the Federal Reserve Bank's 12 regional banks indicate that the economy slowed down during the spring and early summer periods.However, analysts predict this, combined with a projected slower pace in the late summer/early fall, will not be enough to convince the Fed to increase the interest rate.During June and July, the Fed specifically recorded slower pace in consumer spending, manufacturing and construction.This report comes on the heels of a story publish
Technology

It’s a Woman’s Web

Jupiter Communications and Media Metrix released the results of a new study and it shows that women have passed men as the dominant users of the web. 50.4 percent of users are female which just edges the men out of the running.It seems that site selection is the same across the board in all the adult age groups. In fact, the list of top sites for women was very similar to the entire population with America Online’s Web properties being the most popular for women over 18. Microsoft Corp and Yahoo Inc.

Worker Productivity Jumps to High Levels

Americans are working harder and building it faster.According to the Department of Labor, productivity among American workers jumped 5.3 percent in the second quarter. Combined with previous increases over the past year, productivity is rising at the fastest rate in 17 years.The figure is determined by the amount of output per hour of work, and actually grew by almost four percent from the first quarter alone, where the increase was 1.9 percent.What's the impact of these increases?
A&A

A Humorous Look at a CFO's Top Duties

A recent story on AccountingWeb chronicled the rocky times at Microstrategy.As an aside, The Motley Fool is at it again. The online pundit of finance and business-related issues has observed the latest goings-on at Microstrategy, and developed a list of the top five new duties of the recently appointed CFO. They are (drum roll, please): 5.
Tax

Has the IRS Stepped Over the Line?

A proposal by the Internal Revenue Service has tax preparation software companies and the technology industry up in arms.The Service is asking tax software companies to offer taxpayers 'free' tax preparation and electronic filing services in exchange for providing easier access to individuals' private tax records.While this doesn't seem inherently out of order, software companies believe the IRS may someday be a competitor in offering the same services.
Technology

Employers Who Read Employees’ E-Mail Face Risks

Employees have a right to e-mail privacy, as long as “there is a subjective expectation of privacy and that expectation is objectively reasonable,” or if the employee commits “an unreasonable intrusion upon the seclusion of another,” according to Dr. Steven Abraham, J.D., Ph.D., university professor, and legal advisor.
Technology

Netscape Users Vulnerable to New Security Breach

A new hole has been dug and Netscape users are falling in. A little java applet called Brown Orifice, named for a hacker utility called Back Orifice, is out there lurking in cyberspace. The applet can reside on any web site and you can’t see it if it’s there. If you access a web site containing the applet, the applet will run in the background, providing access to the files on your hard drive.The applet was created by, Dam Brumleve, a security expert who chanced on the programming code last week. Brown Orifice is not all bad.

Email Privacy: What Every Employer Should Know, with Steven Abraham

Dr. Steven E. Abraham, J.D., Ph.D.Session Moderator: I'm excited about welcoming Steven Abraham as our workshop leader.Dr. Steven E. Abraham holds a B.S. from Cornell University (1980), a J.D. degree from New York University School of Law (1983) and Ph.D. degree in Industrial Relations from the University of Wisconsin-Madison (1992). He is a member of the New York State Bar as well as the bars of the Eastern and Southern District of New York. Between obtaining his J.D. and Ph.D. degrees, Dr.

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