News

Technology

TheCFO.com and ExpertPlan.com Form Alliance

It was announced Monday that TheCFO.com and ExpertPlan.com have formed an alliance to offer 401(K) and 403(B) services to providers and administrators.TheCFO.com is a consulting practice run by Jim Scott that provides financial-related services to a variety of start-up and young technology companies and clients, while ExpertPlan, run by Winthrop Cody, is an Internet-based provider of retirement plan offerings.The gist of the new arrangement is to provide retirment plan services with complete recordkeeping in the
Technology

Cap Gemini Merges With EY Consulting

For months, it has been speculated that Cap Gemini would merge with Ernst & Young's consulting practice. Now, the word is that the alliance is official.The deal is reported to be worth approximately $11.13billion.
Community News

McCracken Named Chief of Deloitte Consulting

As expected, Douglas M. McCracken was tapped to fill the chief executive post at Deloitte Consulting.

New CFA Review Course Available

A chartered financial analyst (CFA) review course for professionals preparing for the CFA examination is now available through Becker Conviser CPA Review. The new course offers courses in Chicago and New York beginning in mid-March.The pros at Becker Conviser understand that professionals are busy and have tailored the new offering to feature e-learning tools and flexible schedules. Each student will be able to tailor content to specific learning needs and can access Web-based tutorial sample problems via the Net.

Transitioning from Corporate to Private Sector

If you had to choose your dream job, what would it be? For 48-year-old A. Lee Shull Jr., it was leaving behind the corporate life for private enterprise, although he retained his core competencies along the way.Shull is director of operations for Resources Connection, a Santa Anna, CA-based company offering contract accounting assistance to companies and organizations. Resource Connection was started in 1996 by a former Deloitte & Touche executive.

PwC Fights Back

Media reports have indicated that the SEC alerted 52 of PricewaterhouseCoopers’ (PwC) clients about independence infractions that could affect the integrity of financial statements issued by the Big 5 firm.

AccountingWEB Weekly News Wrap-up - Issue 31

The AccountingWEB Friday Wrap-Up Newswire - Issue 31February 25, 2000http://www.accountingweb.comIn the news this week:1. More Online Troubles For H&R Block2. Solving Employee Internet Abuse3. Steve Jobs Flies High; CPAs Disagree On Bonus Classification4. First FAS 133 Compliant System Hits The Market5. Top Ten Ways To Protect Your Website -- and Your Clients'6.
Technology

Software Tip: Uncover The Secrets of Microsoft Office

You've got to hand it to the folks at PC World who are always looking for new ways to improve the efficiency of today's modern Microsoft Office software user. Follow the link below to review their list of the "Top Ten Office Features You Don't Use (But Probably Should). It's worth a look, and you might even learn something. Go to the pcworld.com page.

Press Releases Trade Secrets

I just had to giggle when I attended a recent “Meet the Press” meeting in my large metropolitan city. There were lots of “do this, but don’t do thats" floating around the room. If anything came out loud and clear it was that reporters are busy. I know that’s not news to you or me – after all we are busy too – but reporters are living in a warp-speed world. They are living in the Internet world where time goes seven times faster than for those of us on the ground.

'Short' Surveys at Colorado CPA Society

All of us can learn a lesson on how to survey members, clients, staff and others via the Internet by taking a look at some of the useful, fun ways to accomplish this often burdensome task.Why not have a bit of fun and learn something useful at the same time?The Colorado Society of CPAs conducts online surveys, called "Survey Shorts" through its home page, featuring a pair of red polka-dot boxer shorts as a link to the survey.The current survey is designed to inform Society staff on how well the organization delivers information on CPE to membe
Community News

PWC Troubles Continue: Compaq Leaves

Texas-based Compaq Computers has left auditor PricewaterhouseCoopers, and have gone with Ernst & Young, although Compaq reports there never were any problems in having PWC as its auditor.Compaq reportedly was asked by the Securities and Exchange Commission to change auditors, based on the ongoing investigation of independence issues within the halls of PWC.While the SEC requested the change, Compaq's board of directors also decided to change auditors based on what the company refers to as "the principle of independence."There is no indication at thi

CPAs Fight for Hunger in Washington State

An CPA-related effort across the state of Washington will help fill the shelves of food banks from now until April 15.Called "Operation Can Hunger," the Washington Society of CPAs is encouraging its chapter members to solicit non-perishable food items and cash from their clients while they are performing tax services.The Society capitalized on this effort after realizing that food banks typically have fewer supplies after the first of the year due to dwindling contributions.

Deltek Releases GCS Premier™ — A Comprehensive Accounting Solution Designed for Small to Mid-Sized Government Contractors

New Solution Features Built-in Compliance with Defense Contract Audit Agency and FAR Requirements McLean, Virginia – February 24, 2000 – Deltek® Systems, Inc. (NASDAQ: DLTK) (www.deltek.com). Deltek Systems today announced the general release of GCS Premier™, a comprehensive DCAA and FAR compliant project and financial accounting solution especially designed for small to mid-sized government contractors.

Tax Cut Implications from Capitol Hill

The fight is on (again) in Washington, D.C. as Republicans rally to invoke a 10-year, $182 billion tax cut.Among the issues addressed is the often-discussed Internet tax, a tax on goods and services sold over the 'Net.
Technology

EY Strengthens Presence in Latin America

Ernst & Young has improved its market position in Latin American through a 25 percent purchase of Softtek, a company based in Mexico that provides IT support to large-size companies in many countries.Analysts predict both companies benefit greatly from the alliance.

KPMG Slashes Consultants

KPMG is the latest Big 5 firm to lay off consultants due to lackluster revenue growth. According to the The Wall Street Journal, the firm laid off 350 consulting staffers as the U.S. consulting unit’s revenue growth fell behind internal plans.KPMG’s U.S. consulting arm employs a total of 10,000 consultants and currently has a revenue growth rate of 20 percent for 2000.

Finally, "Value Added" Makes Sense!

The AccountingWEB community is grateful to Sylvia Pate, principal at QuickSilver Consulting, for leading a workshop on adding value to client services, and creating a REAL DEFINITION of "Value Added" in a way that we can all understand, communicate and measure.First, let's look at the Value Equation: the framework to make value-add decisions for your clients and firm.The Value Equation

Proactive Stance for New Technologies

How far will technology take us now that we've begun the new century? Our grandparents couldn't have dreamed that electronic everything would be a buzzword for the last 25 years, let alone the term, "E-everything!"So what do new technologies have in store for us?
Tax

Electronic Filing Outweighs Paper System

It seems that at long last, electronic filing has caught on with a fury, what with the surge of online filing at Kiplinger, H&R Block and Quicken Web sites, as well as sending returns directly to the electronic IRS. Still, clients may ask CPAs and accounting professionals for advice as to why electronic filing has its advantages.The IRS has set an ambitious goal of having 80 percent of all individual tax returns (not corporate) filed by 2007.

Moneyopolis Is Great Tool for Kids, Parents

Ernst & Young, LLP (EY) isn’t just targeting Internet start-ups and viable companies, they also are offering a unique tool for kids and parents. The latest offering from the Big 5 firm is a web site called Moneyopolis.Designed in kid-appealing lime green and royal blue and complete with a “Bart Simpson” look-alike mascot, the site is geared toward helping kids hone financial planning and mathematical skills. The site is specifically targeted for kiddoes in grades six through eight.

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