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Community News

Moss Adams 'Constructs' Dominant Practice

We are seeing a continuing trend in more mergers and multi-discliplinary practices thanks to consolidation.Evidence of this is the Seattle-based accounting and financial services firm, Moss Adams, LLP, who now holds a dominant position over its competition within the construction industry.This is due to a merger with another Washington firm, Thoreson & Co., whose has mostly construction clients.Moss Adams, which generated $150 million in revenue in 1999, has more than 1,100 employees in Washington, Oregon, California and London.
Practice Management

Three Uses of the Web for CPAs

Everyone these days is on the Internet, but how much can you use the Internet to deal with clients? Here are three fundamental uses of the Web.1. Answer Basic Questions: many firms use their Internet site to provide solutions for customers and clients. This is especially evident with systems like Ernst & Young's Ernie, which provides online assistance at a rate of $3,000 for 10 questions.

Finding IT Profs. Just as Hard for Government

Many CPAs and accounting professionals lament that finding good IT professionals is difficult. The first problem is actually recruiting Mr. and Ms. Gen-X to join the firm, while the second problem rests with getting the IT person to stay for the long haul.One of the most difficult areas in which to find good IT people is the government sector. Even public firms have a better chance of luring the IT professional.
Technology

Survey Shows Boys Spend More Time At Computer

A recent survey conducted by the Orange County office of Deloitte & Touche shows that 64 percent of boys ages 6 to 17 spend more two hours per week using a computer while only four in ten or 44 percent of girls do.A survey of more than 145 local kids showed that computers are used for playing games, typing schoolwork, and earching the Internet.
Technology

Email Follows You EVERYWHERE!

Let's face it: email has made our lives easier, especially those of us who travel, because we can remain 'in-touch' while on the road. But if you're like most everyone else, establishing a wired connection in some places sometimes can be very difficult.The introduction of the Palm VII and its wireless connection to the Internet was a step in the right direction ... but that is first-generation in an industry wide open for expansion.Take, for example, the ability to use other Palm devices to connect to the Internet and retrieve email.
A&A

Microsoft Break-Up Update

Here’s an update to the story released earlier this week on the Microsoft break-up. This time, U.S. states, along with the Justice Department, will urge a Federal judge to split the company into two entities.The basis for the break-up is to avoid any future holds on a monopoly of power related to software and operating systems.

AccountingWEB Weekly News Wrap-up - Issue 40

The AccountingWEB Friday Wrap-Up Newswire - Issue 40 April 28, 2000 http://www.accountingweb.com Logon to http://www.accountingweb.comfor more resources. Don't know your membership logon details? Go to http://www.accountingweb.com/forgotten_login.html  
Technology

WYSIWYG With Online Security Companies

Everyone knows that labeling a transaction 'secure' over the Internet is a sure thing, right?Wrong! Not all online security companies are alike, and as financial professionals, it is up to us to advise our clients on the why and how of online security if the client conducts any kind of e-Commerce transaction.Education is the best policy.
Technology

CompensationCenter.com Launched

Hewitt Associates LLC just launched an online information resource site for compensation professionals. The site, CompensationCenter.com, allows registered visitors to access Hewitt’s survey library and browse an information bank of industry news and trend information. The site also features market pricing capabilities and a variety of compensation tools.For registered participants of Hewitt compensation surveys, the new site will give them easy access to survey results online.
A&A

Back to School for Financial Executives

With more and more demands to find truly unique educational opportunities that fit today's specialized marketplace, some businesses are finding the best solution is in the college classroom.Companies like Austin, TX-based Dell Computers, for example, sought help from the University of Texas at Austin's Graduate School of Business to design a finance-oriented educational program that dealt with issues directly affecting the growth and bottom line of the computer giant.Why?

Mike Willis, CPA

MIKE WILLIS, CPA Partner and Deputy Chief Knowledge Office of the Audit Practice PricewaterhouseCoopers, LLPMike Willis has more than 18 years of accounting industry experience and is a Partner and Deputy Chief Knowledge Office of the Global Audit Practice of approximately 60,000 CPAs.

AICPA Press Release - April 6, 2000

American Institute of CPAs Leads Global XBRL Initiative to Facilitate The Exchange of Financial Statements Across All Technologies, Including The InternetUnited Effort Brings Global Financial, Accounting, and Software Communities Together to Create First XML-Based Specification Developed for Financial StatementsNEW YORK, NY, APRIL 6, 2000 – The American Institute of Certified Public Accountants (AICPA) announced today that as one of several sponsors of the international XBRL Project Committee, it is helping to develop and launch XBRL (eXtensible

XBRL Fact Sheet

Extensible Business Reporting Language (XBRL), formerly code named XFRML, is an open specification that uses XML-based data tags to describe financial statements for both public and private companies. XBRL benefits all members of the financial information supply chain. XBRL:A standards-based method with which users can prepare, publish (in a variety of formats), exchange and analyze financial statements and the information they contain.

XBRL for Financial Statements Questions and Answers

The following is a list of the more frequently asked questions regarding XBRL and how it will impact those who prepare and use financial statements. What is XBRL?What is XBRL used for?What are the benefits of XBRL for Financial Statements?Who will benefit from using XBRL?How does XBRL work? How does XBRL do this?
Technology

ePeachtree: Accounting Software For $10 Per Month

US accounting software vendor Peachtree is the latest and probably most significant entrant in the application hosting market.The Atlanta-based subsidiary of the Sage Group this week launched ePeachtree, a Web-based accounting suite that users can rent for $9.99 a month.The software rental model allows small businesses to get accounts and business reporting systems up and running with no capital outlay and none of the headaches associated with software and network configuration.The system lets customers access their financial applicati

ICIMC Rolls Out New Academy

The Institute for Certified Investment Management Consultants (ICIMC) recently formed The American Academy of Professional Investment Consultants(SM). The goal of The Academy is to provide education and training for investment consultants who want to learn how to operate their financial advisory practices as profitable businesses and attract more clients. The ICIMC believes The Academy is different because the education offering goes beyond traditional skills and actually focuses on Practice Management issues.
Community News

RSM McGladrey CEO Steps Down

H&R Block today announced that Mark Scally, Chief Executive Officer of RSM McGladrey Inc., Block's national tax, accounting and consulting practice, is stepping down from that position. Mr. Scally will continue with McGladrey in a senior role, focusing on global business opportunities with the firm.
A&A

Eight 401(k) Commandments

If your company administers a 401(k), or you provide advice to clients who have retirement plans, then listen up! Here are eight commandments you should follow if you are knee-deep in the 401(k) swamp.1. Offer plan participants the option of changing their accounts on a daily basis through an 800 number or the Internet.2. Don't offer too many investment options.3. Offer investment advice only if it's independent.4. Fully document any change in investment advisers.5.
A&A

Stock Advice From CFO Michael Jacobs

The recent demise of many dotcoms, along with a drop in technology stocks over the last month has made even the most liberal investor cautious of today's market.
Tax

GAO Reports IRS Not at Fault

In a report made public this week, the U.S.

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