News

Practice Management

Recovering Customization Costs

Off the shelf software tends to need extra care and handling inside professional service firms to make it do what you want it to do. Recover some of the costs of customization by reselling your new-and-improved software to other professionals who have a similar need. Where can you find a market for your enhanced software? You're looking at one right now. If you have software to sell, let us know and we'll make it available to our readers.

"Safe" Workplace has Dramatic Effect

Incorporating environmental concerns into the workplace can have a positive, long-lasting effect on the bottom line.The Environmental Protection Agency estimates that annual indoor air polution costs U.S. companies $1 billion in medical costs and $60 billion in lost productivity.

Global Accounting Association Opens Doors To China

The Affiliated Conference of Practicing Accountants (ACPA) International, an association of individual accounting and business consulting firms, announces that a groundbreaking memorandum of understanding between ACPA International and the Shaanxi Institute of CPAs has officially been signed and marks the first formal agreement between the Shaanxi Institute and any group of accounting firms from the outside world. The memo represents more than 100 firms of all sizes in China and over 80 ACPA member firms from around the world.

New Chair of AICPA Focuses on Technology and Vision

As reported last week, Robert K. Elliott has assumed the chairmanship of AICPA, effectively becoming the first chair for the 21st Century. He succeeds former chair Olivia Kirtley. The appointment was made official during AICPA's Fall Council meeting in Seattle, WA.On the top of Elliott's agenda is placing technology in the hands of the Institute's 330,000 members by demonstrating the profession's ability to adapt to an ever-changing landscape and delivery value-added services to clients and employers.
Community News

Consulting Arms of Big 5 Accounting Firms Invest in Start-Ups

These days, it seems that everyone is getting into the potentially high-profit, yet high-risk start-up arena, and the Big 5 is no exception.Just last week on October 20, AccountingWeb ran a story in which PricewaterhouseCoopers bought into Web designers Methodfive, and now it seems that Andersen Consulting has moved in a similar fashion by buying into start-up ChemConnect, the Internet's largest global chemical and plastic exchange.Analysts report that investments like these mark a r
Community News

Saga Between KPMG and Theater Group Continues

The ongoing debacle between Livent, Inc. and KPMG continued yesterday in a Toronto court when lawyers for former Livent exec Garth Drabinsky brought a suit against the Big 5 firm for conflicts of interest.CPAs will recall that Livent, producer of several well-known Broadway shows, including Phantom of the Opera and Ragtime, made the news in August 1998 when its new owners, investment banker Roy Furman and former Walt Disney executive Michael Ovitz, revealed that an internal audit had uncovered serious accounting irregularities.
Technology

Trojan Horse or Virus – Do you know the difference?

They inherit names like Melissa, Thursday and Chernobyl, but what are they? These three were viruses. Another popular cyber warfare tactic is use of a trojan horse program.Trojan horses operate by pretending to do one thing (obvious to the victim) while really doing something else (unknown to the victim). Trojan horses work because they send the victim a “gift” to keep the victim occupied while they perform their cyber terrorism.
Practice Management

Reducing Hotel Phone Charges

If you need to make several long distance calls when you get to your hotel, simply push the # key after each long distance call to disconnect. This keeps the hotel from charging you a connect fee for each long distance call.Have any $$$ Savers tips to share? Please send them to our editors and we will post them to the site. Thank you!!

E-Commerce Accountant is one of the Hottest Jobs Around

The cover story in the new issue of U.S. News & World Report focuses on the hottest jobs in 2000, and one of the most in-demand ones in the financial arena is an e-commerce accountant.Just what does an e-commerce accountant do?
Community News

Arthur Andersen and Andersen Consulting go to Court to Split Firms

Arbitration hearings began yesterday in New York for Arthur Andersen (AA) and its sister firm, Andersen Consulting (AC), to permanently make AC an independent firm.The hearings are the result of a two-year disagreement, and the latest court appearances with the International Chamber of Commerce (ICC) are expected to take up to two weeks.AC claims its sister firm violated a partnership agreement five years ago when it began a consulting services unit in direct competition against the Big 5 firm.Among those expe
Practice

Legal Eagles Nest at Ernst & Young

Remember when non-CPAs could not become owners of CPA firms? Times are changing ... and it looks as if Big 5 giants like Ernst & Young may be entering the legal arena some time soon.Getting around the system is the key, according to experts who understand that State Bar ethics rules prohibit non-practicing lawyers from owning or controlling law firms. As a result, E&Y is reportedly in negotiations with lawyers in the Washington, D.C.

Analyzing Financial Statements with Cindy Moorhead

Contact: Cindy MoorheadMoorhead Management ServiceN2304 Bina RoadCoon Valley, WI 54623608-486-4497Michael Platt: I want to thank everyone for joining us today. We are privileged to be joined by Cindy Moorhead, President of Moorhead Management Systems.Cindy will be sharing with us her ideas on helping clients understand financial statements.

Marketing Tips – Are you talking benefits?

When you present your proposal (and you need to present your proposal as opposed to faxing or couriering it so you can overcome objections), is your prospect talking price? Yes? Then you need to start talking benefits. The benefit of working with your firm over another firm is why your prospect wants to work with you. Did you ask him or her what was important when you made the initial contact call? Do you know why he/she is interviewing accounting firms?
Technology

E-Commerce Solution For The Construction Industry Released

AEC Connect is PurchasePro.com’s browser-based e-commerce solution for the architectural, engineering and construction (AEC) industry. PurchasePro.com is a leading provider of online “business-to-business marketplaces.”The new software will electronically unite architects, engineers, contractors and suppliers. Linking the parties will offer operational efficiencies.
Technology

Renting Applications: Is the Market Oversaturated?

CPAs and accounting professionals have heard much over the past few months about ASPs, or Application Service Providers, and the business of renting software applications that more closely fits their needs instead of buying entire packages.Industry leaders like Microsoft are finding it difficult to come to terms with hosting options because projected revenues are difficult to determine based on the needs of small- to medium-sized businesses.Recently, the GartnerGroup reported that the market will reap $2.7 b

Costly Accounting Error Impacts San Francisco Commuters

Things are not well in the Golden Gate city, and commuters will bear the brunt. A reported accounting error of $14.4 million by the Metropolitan Transportation Commission (MTC) could enable riders to take aging buses for three years and delay projects in and around the Bay Area.The Commission's mistake in alloting sales tax revenues to the San Francisco Municipal Railway and AC Transit has caused expenditures of $7.2 million more than originally planned.
A&A

Web-based Payroll and Accounting is a Match Made in Heaven

The accounting professional can play a key role to the business marketplace by evaluating and recommending any one of a number of companies emerging as headliners in the online payroll processing medium, and passing along those recommendations to their clients or employers.Outsourcing payroll to the CPA is not new, but going online to process payroll is.

Audits Uncover More Problems for Waste Management

Sources reveal that greater problems were uncovered with Waste Management Inc.

Don’t Let Computers Hurt You

Let’s face it. Computers are a daily fact of life for those of us working in an accounting firm today. Whether you use a desktop or a laptop, chances are you spend hours a day sitting in front of that little screen. The Department of Labor (DOL) reports that computer-induced repetitive stress injuries are a $100 billion dollar white collar epidemic in the U.S. today.There is something you can do to protect yourself from these computer maladies. Investing in an injury prevention program could help you prevent a lifetime of pain.

Arthur Andersen Develops Health Care Solutions With Cerner

Arthur Andersen and the Cerner Corporation have formed a strategic alliance to improve health care delivery through various business process solutions.Cerner supplies clinical and management information, and knowledge systems, to more than 1,000 health care organizations throughout the world.

Pages


Already a member? log in here.