News

A&A

Laughing At Your Expense

Dilbert creator Scott Adams is behind a competition looking for the world's funniest expense claim story, and lunch with the celebrated cartoonist forms part of the prize.The "Laughing At Your Expense" contest wants to hear - in 150 words or less - the funniest or craziest expense report story, or the most hilarious item you have ever had to have approved on an expense report.A grand prize of a weekend for two in San Francisco, plus lunch with Adams, awaits the overall winner, with runners-up receiving an autographed Dilbert book and

US Accounting Association Adds International Network

The Leading Edge Alliance, a new organization consisting of 25 of America's largest local CPA firms, has entered into a strategic alliance with Kreston International, an international network of independent accounting and consulting practices, headquartered in the United Kingdom. The agreement provides The Leading Edge Alliance with an international network of 245 firms in 68 countries, while Kreston International gains an expanded U.S.
A&A

Bottling Strategy Drain's Coke Finances

The real thing isn't very real these days, according to a new report in which Coca-Cola's continuously weak financial performance is attributed to a poor relationship with its bottlers. And now, the way in which Coke handled its stake in bottling has raised more than a few eyebrows when it comes to GAAP.Back in 1986 when Coke spun off its slight majority interest in bottling operations to Coca-Cola Enterprises, Inc. (CCE), it retained seats on CCE's board.
Technology

Andersen Signs on With Telemate.Net

Arthur Andersen just announced that it has signed on with Telemate.Net to beef up the Big 5 firm's technology and e-Business risk consulting services.Telemate.Net offers software that tracks Internet usage.

AICPA's SysTrust Offers IS Solutions

In the very near future, CPAs may be able to verify and test a computer system's reliability, based on four principles of availability, security, integrity and maintainability. This offering is available through the AICPA’s SysTrust, jointly developed by the AICPA and the Canadian Institute of Chartered Accountants (CICA).SysTrust could possibly be a solution to protect information systems for the Critical Infrastructure Assurance Office of the U.S. Department of Commerce.
Practice Management

Accounting Firm Profitability

This is the fourth in a series of editorials by Results Accountants' Systems.MAKING YOUR PRACTICE MORE PROFITABLEAccounting businesses are mature industry. There is intense competition for clients which is typical when the principal services offered in the industry have a very generic look and feel about them. Clients are able to drive prices down because switching costs are relatively low.Accounting firms have very similar cost structures to their intra-industry competitors.
Technology

Four Prominent Consultants Join Forces

Four of the most experienced and knowledgeable consultants in the accounting and financial services industry have joined forces in a collaborative new venture called The Advisory Board.Founding members of The Advisory Board include:L. Gary Boomer, CPA, CEO of Boomer Consulting in Manhattan, Kansas, email: lgboomer@boomer.comAllan D.

While You Were Out . . .

Many of you have been buried in your desk for the last couple of months filling out tax returns and solving client problems. AccountingWEB has been working steadily monitoring the changing landscape of the accounting profession, and we want to be sure you don't miss any of the big stories that have emerged in the past few weeks. And boy, have there been some big stories!Follow the links below to the full story to get a better flavor for the issues.
A&A

SEC Announces Revenue Recognition Policies and Rules

Article by Charles Hecht of Hecht & Stechman.Reprinted with permission from The Financial Management Network.Citing a study which found that over half of financial reporting frauds involved the overstating of revenue, the Securities and Exchange Commission (SEC) recently issued a Staff Accounting Bulletin (SAB) in its continuing efforts to combat earnings management.

Words That Kill

Words that kill a direct marketing campaign are easily avoided, but are they? Do you know which words will foil your next direct marketing piece? On average, you have about 10 to 20 seconds to grab your prospect’s attention.When you are talking to a business to business prospect, it’s about them. Make sure you beef up your market-tested winners and leave the negative ones at the door. One marketer estimates that one word change in his direct marketing campaign dropped results by 60 percent.

Deltek Acquires RFP Proposal and Tracking Automation System: Industry Leading Software Designed for A/E/C and Other Professional

McLean, Virginia – April 17, 2000 – Deltek Systems, Inc. (NASDAQ: DLTK). Deltek today agreed to acquire substantially all assets of A/E Management Services, including their complete suite of RFP proposal automation and tracking software for the purchase price of $3.5 million. A/E Management recorded approximately $2 million in revenue for 1999. Deltek's President and CEO, Ken deLaski states, "One of the most important components of end-to-end automation for professional services organizations is proposal generation and tracking.
Technology

Postal Service Creates New Bill Paying Service

Long lines, one clerk serving all windows, and spending untold amounts of time may quickly become icons of the past as more and more of us use online bill paying services, electronic postage and other services for which we usually go (and still are, for the most part) to the neighborhood post officeEven though first-class mail continues to increase, the U.S.

Exposure Draft of Insurance SOP Deadline Shortened

A new Statement of Position (SOP) covering demutualization and formations of mutual insurance holding companies has a shorter deadline than previously announced of 60 rather than 90 days.The SOP was issued on April 3 by the AICPA’s Accounting Standards Executive Committee, and is formally titled Accounting by Insurance Enterprises for Demutualizations and Formations of Mutual Insurance Holding Companies and for Certain Long-Duration Participating Contracts.The shorter time period is attributed to the significant acti

Take This Tax Day Humor - Please!

Nothing is funnier than poking fun at the IRS, Tax Day, a dreaded audit, or even an accountant, and this year’s humor-related Web sites and other resources are full of zingers designed to make even Charles Rosotti laugh.Start with Hallmark Cards - this company provides consumers with free, online greeting cards (e-cards). The company that expects you to send the very best expects our clients and customers to send 250 million cards during this year’s busy season.

Financial Calculators Let You "What-If" To Your Heart's Content!

How much will you need in retirement? What will my mortgage be on a $200,000 loan? How much do I need to save for college for the kids? Our new Financial calculators help you find the answers you're looking for.
Technology

Voice Mail While You're on the Internet

If you've got a computer at home, don't have the luxury of two phone lines, and are worried about missing important phone calls, a service called Pagoo Call Catcher could be your salvation. For $4.95 per month, the service will allow people who call you while you're online to leave a voice message, and that message is then stored in your computer and you are notified by email or your pager that there is a voice message waiting in you in your Pagoo Mailbox.
Community News

Clothes Make Arthur Andersen a Dotcom Player

Everyone and his mother are vying for attention on the Internet, and Arthur Andersen is no exception.The latest entry for the firm in the dotcom consulting marketplace is to consult for Jos. A. Bank Clothiers--a popular mainstay in men's and women's clothing--when the retailer takes its clothing onto the Web with its new site, www.josbank.com.Andersen, along with CommercialWare and InterWorld, will provide services in e-Commerce and general e-tailing venues to smooth the e-Commerce transition.

Hdvest.com Gobbles Up E-Filers

The word is out. More than 300,000 Americans have logged on to Hdvest.com to Web prepare and e-file their tax returns absolutely free of charge. H.D. Vest, Inc., the country’s largest provider of financial services through tax professionals, believes part of the site’s success comes from the e-filing trend.According to the Irving, Texas based company, Americans have swiftly adopted the practice of Web-preparing and e-filing their income tax returns.

AICPA's TECH 2000 Can't Be Missed!

Cutting-edge programs, the hottest speakers, in-depth sessions, and the latest gadgets, gizmos and innovations will fill the halls of the Hyatt Regency Hotel in Atlanta during the 20th annual TECH 2000 Conference, May 9-12.CPAs and accounting professionals from all sizes of firms, various industries, the government sector, and colleges and universities will gather for this year's conference--presented by AICPA and the Information Technology Alliance, and sponsored by Sage.Topics include business-to-business technology consulting, the latest information on XBRL, portal technology, the vir

AccountingWEB Weekly News Wrap-up - Issue 38

The AccountingWEB Friday Wrap-Up Newswire - Issue 38April 14, 2000http://www.accountingweb.com** This week's Newswire is sponsored by Timeslips **http://www.timeslips.com/actwebIn the newswire this week:1.

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