News

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.
Technology

MS Word: How to Place Borders Around Text

You may already be familiar with how to place a border around a paragraph using the options in the Borders and Shading dialog box.Sometimes, however, you may want to use a border to emphasize one or more words of text for a specific reason. For example, you may want to highlight some words that should be recognized at a glance.To do place a border around specific words, select the text around which you'd like to create a border. Then choose Format/Borders And Shading from the menu bar.

Are All Mergers What they’re Cut Out to Be?

In today’s society the divorce rate is fifty percent. With that in mind, what’s the difference between meshing personalities in a marriage and personalities in a company merger?Mergers and acquisitions seem like a great idea when you’re thinking of cutting overhead, reducing staff, adding to the expertise your company can offer, or trying to figure out exactly what to do with your company when you decide to go.
Tax

IRS to Reach Out, Get Organized

The IRS has announced the new Agency-Wide Shared Services group, which is providing support for IRS workers nationwide. Services covered by this new group will include administration in the areas of procurement, facilities, real estate, personnel, and Equal Opportunity and diversity issues.By taking some administrative duties out of the hands of IRS offices around the country, the remote workers will be able to provide more concentrated services to taxpayers.The AWSS is part of the IRS reorganization, which is intended to bring more specialized services to taxpayers.

Don’t be a Cybersquatter

Yahoo! And AT&T went to court to dispute the use of their trademark names within the domain names of various web sites. U.S. arbitrator David W. Plant stated that, "the only reason DomainCollection registered campyahoo.com was to trade in bad faith on the good will of Yahoo!'s widely known and highly respected mark.”AT&T won a similar case against WorldclassMedia.com which was using the letters ATT in its two sites, attmexico.com and att-latinamerica.com. Arbitrator Phillip N.
Education & Careers

An Easy Way for College Students to Use Credit Cards

College Parents of America, a not-for-profit organization dedicated to helping parents prepare for and put their children through college, has teamed with Debix Systems, a technology provider, to offer a credit card that is a dream come true for students and parents alike.The College Parents of America Card offers an alternative to traditional credit and debit cards that makes sense for everyone. Parents fund the credit card, which is a MasterCard, with the amount of money they want to make available to the child, and the child may use the card wherever MasterCard is accepted.
Community News

Andersen Consulting: A Frankenstein Monster?

In 1989, Andersen Consulting was spun off from Arthur Andersen as a separate company for the sole purpose of performing technology consulting. The idea was that AC would perform the consulting services for Andersen's clients, and Andersen would stick to auditing, tax, and general accounting services. Because the consulting business was seen as being more lucrative, it was agreed that AC would pay a 15% percentage of its annual revenues to Andersen.
A&A

XBRL Committee Releases Specs, Adds Members

Committee to Form International Organization to Position for Rapid Global Expansion and AdoptionThe XBRL Committee announced today that several new, leading companies and organizations have joined the XBRL initiative: ACCPAC International, Inc.; ACL Services Ltd; Bridge Information Systems; Dow Jones & Company, Inc.; e-Numerate Solutions Incorporated; eLedger.com, Inc.; Fidelity Investments; Financial Software Group; First Light Communications, Inc.; MIP, Inc.: Multex.com, Inc.; Oinke, Inc.; PeopleSoft, Inc.; U.S. Advisor, Inc.; Virtual Growth, Inc.; and XBRL Solutions, Inc.
Technology

Internet Tip: Find Home Prices

Here's a great site for you if you're interested in finding out about the price that homes have sold for in your neighborhood.
Technology

Have You Implemented SysTrust with Your Clients?

Erin Mackler, CPA, oversees the AICPA's Systems Reliability Task Force in the development and implementation of the new CPA SysTrust service. SysTrust is the name for a service that tests and verifies a system's reliability.

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