News

AccountingWEB Weekly News Wrap-up - Issue 7

============================================================== The AccountingWEB Newswire - Issue 7 September 2, 1999 http://www.accountingweb.com============================================================== In the headlines this week:1. New AICPA Initiative To Develop Financial Reporting Computer Language2. IRS Issues Alternate ID Numbers For Tax Preparers3. Microsoft Stumbles A Bit As Security Issues Dominate the News4.
Practice Management

Is your vision statement working?

Yes? No? Don’t know? Hey, what’s a vision statement? In many firms, vision statements are beautifully lacquered plaques that hang quietly on the wall waiting for someone to read them. The problem is for a vision to be a truly powerful communications tool for your team, you must have a strong, realistic vision statement in place.Use these tips to “grade” your current vision statement’s program effectiveness. Is it true?
Practice Management

People Before Strategy

As the accounting industry drives through consolidators, mergers & acquisitions and Big 5 fall out, your firm may be trying to change strategy or culture to keep up with the flurry of activity.
Technology

Sun Introduces Web-based Office Software Suite

Sun Microsystems today announced the debut of StarOffice 5.1, a new software applications package that competes head-to-head with the Office suite from Microsoft.The software is available free for download at the StarOffice Web site, and is selling a CD-ROM for customers who prefer not to wait for the software to download.
Technology

Harte-Hanks to Purchase ZD Market Intelligence

Media giant
Community News

AICPA Develops XML-Based Language With Big 5 Accounting Firms

The American Institute of CPAs today announced a collaboration with all five of the Big 5 accounting firms to develop a new computer language intended specifically for the preparation and exchange of financial reports and data.Much has been written over the past year about the advantages of Extensible Markup Language, known as XML—a code similar in format to HTML, or the language of the Internet.
A&A

Powerful Portfolio Management Software Now Available

1st Global, Inc. just rolled out its new version of Premier Allocator(TM). The new version combines Wiesenberger's Blueprint and InvestmentView products for the technology and database engines driving the program. The program bundles into one package asset allocation, mutual fund research, and decision support tools.
Technology

Microsoft's Hotmail Left Users Exposed To Unscrupulous Web Sites

Is security an issue with Microsoft? You have to wonder. On the heels of two other security glitches with Microsoft software products, its Hotmail servers were taken down yesterday when it was discovered that several web sites maliciously used a security hole in Microsoft software.These web sites allowed anyone to access any Hotmail account by simply typing in an account name. No password was required to read, send or delete mail from an account.How did Microsoft learn that its millions of free email service users were vulnerable?

AccountingWEB Passes First 1000 Milestone

Over 1000 people have already subscribed to the free AccountingWEB US newswire.
A&A

Move to Self-Brokerage Fuels Increased Trading and Tighter Control

While the stock market continues to gain momentum, the headlines boom with stories about day trading, after-hours trading and the much-discussed 24/7 trading.

Pay Gap Widens Between Management and Workers

The sixth annual survey by the Institute for Policy Studies and United for a Fair Economy today reported that the pay for top corporate executives versus an average production worker last year reached a gap of 419 to 1.The survey, A Decade of Executive Excess," also cited that the gap compares to a 1980 sum of 42 to 1. If the pay for workers had risen at the same pace as executives, the organization says the average production worker would today earn $110,000 annually.
Technology

New Products Dominate Hand-Held Palm Market

The burgeoning Palm marketplace is heating up again, as a bevy of software solutions are in the works for the hand-held personal digital assistant.Palm Computing, a subsidiary of the parent company, 3Com Corp., continues to develop more software, and is expanding the number of Palm Operating System (OS) licensees.
Technology

BDO Seidman Join's PeopleSoft's Alliance Program

One of the nation's second-tier accounting and consulting firms, BDO Seidman, has joined PeopleSoft's Alliance Program to provide services for the vendor's manufacturing software suite.The joint effort helps PeopleSoft increase its solutions in several business areas, including financial and supply chain management, by building on BDO Seidman's Enterprise Resource Planning (ERP) and supply-chain business knowle

Welcome

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Technology

NT 4.0 Network Managers: Watch Out For This Security Flaw

Microsoft NT users beware. When NT is used with its Service Pack 4 (SP4), a serious security flaw allows hackers to act as hosts to grab your valuable information.Hackers use Predictable IP Sequence Numbering to gain access to your data. Supposedly, the SP4 was developed by Microsoft to attack this problem in earlier versions of NT. Unfortunately, it didn't work.NT SP4 users need to take a look at the potential security problems associated with using the package as an email host and Web server.
Technology

Inter@ctive Week Launches Research to Rank E-commerce Companies

A ranking of the top 500 revenue-generating private and public companies on the Internet soon will be available. More than 1,600 companies are currently being surveyed in the most comprehensive research project of its kind.Inter@ctive Week is conducting the research in conjunction with the Massachusett's Institute of Technology's Sloan School of Management and Ernst & Young.
Tax

Tax Firm Says IRS Bent on Collecting Past Due Tax

The IRS Restructuring and Reform Act of 1998 is not what it seems to be, according to a statement issued by Capitol Tax Relief, a private tax consulting firm helping taxpayers rid themselves of debt.Although the Act was designed to make the IRS more efficient, in the minds of taxpayers, this equates to less leaning and more tolerance.
Technology

Regions Outside of the U.S. Have Greatest E-Commerce Potential

Regions located outside of the United States have the greatest potential for e-commerce growth according to research conducted by International Data Corp. (IDC). The IDC Report revealed that nearly 60 percent of the world’s online audience is located outside of the United States, with this group expected to generate almost 46 percent of global Internet spending by 2003.IDC’s research showed that e-commerce is strong in Western Europe where the adoption of the Euro is said to be increasing Internet sales.
Technology

Internet Tax Study Raises More Questions Than Answers

Should products sold over the Internet be tax-free? This question is the focus of an Internet tax study assigned to a 19-member U.S. panel named by Congress. Under a 1998 "cyberlaw," a three-year tax reprieve was set for new state and local Internet taxation to give the panel time to produce the in-depth study.But obtaining funding for the study seems to be as cumbersome as finding an answer to the initial question.
Tax

Tax Code Change Could Alter the way Taxpayers Donate Money

Although President Clinton has said he will veto the bill recently passed by Congress that contains a new tax code for charitable donations, the spirit of this provision deserves attention since it is expected to live even if the bill should die. The provision in the Bill set before Clinton gives IRA owners, over age 70 1/2, the ability to donate all or part of their account funds to charity while they are alive.

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