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AccountingWEB Weekly News Wrap-up - Issue 63

The AccountingWEB Friday Wrap-Up Newswire - Issue 63October 6, 2000Members Logon to http://www.accountingweb.com for full access to all our resources.Don't know your Logon Membership Details?Go to http
Practice Management

Practice Management Tip: Use the 'F' Word for Meetings

How effective are meetings within your own office? If you're like most of today's dynamic firms, you are constantly interrupted by telephones, visitors and other nuisances that consistently get in the way.But how do you make meetings energetic outside the four walls of the office?It's time to use the 'F' word when it comes to company meetings or retreats ... that's 'F' for 'FUN,' of course! Meetings can be dull as dirt, unless you use your noggin' to come up with something creative, energizing and most of all, FUN! Creativity can do wonders.
Technology

How Trendy are B2B Ventures?

Any business function attended over the last year to two years has been jam-packed with people talking about the surge of B2B (Business-to-Business) ventures--certainly deemed the next big wave in today's New Economy.Is the interest waning a bit in B2B, or are we at a crossroads in which we are searching for the next trend?The Big 5 firms and their consulting arms speculate over the future of B2B. Deloitte Consulting recently reported that the number of U.S.

Unemployment Reaches 30-year low Mark

We've done it again: the unemployment rate for September matched the 30-year low achieved last April.
Community News

Summers Warns Senators About Impeding SEC Plan

Treasury Secretary Lawrence Summers claims he has knowledge that some Senators, who are remaining unnamed, are attempting to use government spending legislation to thwart the SEC proposal to issue auditor independence guidelines.

Brits Pull Out of Global Qualification Scheme

The Institute of Chartered Accountants in England and Wales (ICAEW) has announced that it will withdraw from talks on the proposed "Cognitor" scheme. The decision came about after the organization heard the negative reaction of training bodies.Institute chiefs canvassed opinions of those likely to deliver training for the global qualification as the need for investment in the scheme became apparent."We talked to the larger training firms to ascertain whether it was a proposition they supported.

Participate in Expertise Marketing Survey

Would you like to see how professional service firms are trying to become more sensitive to the marketplace? Would you like to know the steps firms are taking to become more externally focused, and their early impressions about the effectiveness of their approaches?
Tax

Editor Speaks Out on Congressional Tax Debates

As the 106th Congress prepares to end its final session, I can't help but think back on the major tax-related congressional events of the past year. So much hype about the repeal of the estate tax and the end of the marriage penalty -- huge changes in the tax laws that either directly or indirectly would have affected many Americans for the better and none for the worse. Was it all for political posturing?

Excel Tip: Dealing With Rounding Errors

Have you ever experienced the frustration of displaying a worksheet without full decimal places and having Excel round the numbers for presentation purposes, but if you look closely at the calculations, the displayed numbers don't quite add up?For example, consider this calculation:23.4923.4946.98If you display your Excel spreadsheet without decimal places, the calculation is rewritten like this:232347The answer is technically correct, but who's going to believe it?One way in which you can solve this problem is to request that Excel present the w

Grammar Tip! Accept or Except! Which is Correct?

To be a more proficient writer and proofreader, you will need to be able to identify words that sound alike or are spelled similarly.

Proofreading for Number Errors! 5 or Five?

Questions arise when proofreading numbers-when do you use words and when do you use figures or numbers? Here are a few tips for expressing numbers:Numbers Expressed as Words: Numbers from one to ten. Numbers beginning a sentence. Ordinal numbers expressed in one or two words (twenty-first century / Bill's fiftieth birthday). Street names of ten or less and house/buildings number One (One Park Avenue or 111 Third Street). Ages (unless expressed in years and months) (Bill is fifty / Jill is 2 years and 7 months old).
Community News

Become an Online Mentor for an HOUR!

AccountingWEB is committed to bringing accounting students across the country together with mentors from all areas of the accounting community. Do you remember when you were hungry for the chance to learn from someone firsthand? Do you recall your college recruiting experiences? Here's your chance to make a difference. AccountingWEB is looking for individuals to provide a 1-hour on-line workshop on the AccountingWEB site.

How to Make Employee Suggestions Count

An important aspect of initiative that any employee can put into practice is making suggestions. Here are some tips on how to maximize effectiveness in making suggestions at work: Start in your own area. You can make the best impact in the area you know best. In your current job, look for ways to save money, improve service, or streamline processes. Experiment as necessary to test your ideas. Have a plan for implementation. Suggestions can sound like complaints if there is no plan for their implementation.

AccountingWEB's Platt Named To Top 100 List

Congratulations to AccountingWEB President Michael Platt, named this year as one of the Top 100 Most Influential People in the Accounting Profession, according to the annual study released by Accounting Today.Each year, editors at Accounting Today choose the recipients of this award with one critical criterion in mind: Those on the list are changing the way in which the profession does business."It's an honor to be included on the Top 100 list among so many friends and colleagues.

Spotlight on Eddie Goldsberry

AccountingWEB ProfileEddie Goldsberry, CPADirector, International Tax ServicesPannell Kerr Forster of Texas, P.C.Networking, High-Tech ToolsHelp an International Tax Practice Achieve ResultsThe art of doing business outside the borders of the United States certainly isn't anything new, but to Eddie Goldsberry, working in internat

The Top 10 Worst High-Tech Execs

When a company doesn't perform as predicted, stock prices decrease and there is a lack of luster, who's to blame? Often the CEO catches the flak -- after all, he or she is at the helm, steering the company into rough waters, right?Forget the soft stuff. Based purely on numbers and performance, a new survey conducted by Computer Reseller News ranks 998 high-tech company CEOs, and actually named the top 10 worst CEOs.

Future of ASPs Looks Good

For the past year, reports have circulated across the accounting profession that the use of Application Service Providers or ASPs will be 'red hot' as CPAs and their clients begin to adopt rentable applications based on the ASP model.Now, a new report from IDC confirms that the ASP marketplace is gaining momentum, and has put itself on the line by forecasting that the industry will be worth $7.8 billion by 2004.
Tax

The IRS is Wrong 46 Percent of the Time!

Who would have thought anyone would actually confirm what the CPA profession has known for a long time ... that the Internal Revenue Service actually makes mistakes!A study by the U.S.

Senate Fails to Deliver on FSC Issue

The current FSC regime is set to be repealed, but Senate leaders are hopeful the World Trade Organization will agree to an extended deadline of November 1.Senate Majority Leader Trent Lott yesterday attempted to secure a unanimous consent agreement to bring the issue of the Foreign Sales Corporation bill to the floor for consideration, but was met with unexplained democratic opposition.Off the Senate floor, a number of democrats voiced their desire to add amendments to the FSC bill, including such issues as campaign finance reform and the denial of FSC benefits to certain industries.L
A&A

ASP Industry Reaches Another Milestone

As if to illustrate the massive growth in the application service provider market this year, the Application Service Provider Industry Consortium has just reached its 650-member milestone - a mere 16 months after its inception.The 650th member to join the consortium was a California-based company, Voci, which specializes in ASP speech-recognition solutions.The ASP Industry Consortium promotes the industry by sponsoring research and advocating for best practices.

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