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TaxWare's Charles Collins Discusses Internet Sales Tax

Strange Bedfellows: Newt Gingrich and XBRL Software Community

More Middle-Income Americans Go Without Insurance

Testimony Ends in Enron Trial

Mark Your Calendar: SEC Roundtable and Insights

SEC Beefing Up Internal Reporting in Response to GAO Audits

Lockhart Moving to Mortgage Oversight Agency

Ken Starr to Lead Legal Challenge to the PCAOB

Economy Has 1st Quarter Rebound

AICPA and Other Accounting Institutes Forge Global Alliance

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MYSTERY DECISION

When was the last time you read an economics book or business case study for fun? If your idea of a good book runs more towards murder mysteries than economic treatises, you're in luck. "Framed! Solve an Intriguing Murder Mystery and Master How to Make Smart Choices" wraps lessons about critical decision-making in a murder mystery and guides readers in applying decision-making tools from psychology, economics and management disciplines.

"This approach makes a complicated topic more accessible to a broader audience," author Hari Singh, professor of economics at Grand Valley State University's Seidman College of Business, says. "Readers will enjoy reading an intriguing mystery that enables them to absorb complex ideas. They can readily apply these ideas to their decision-making every day."

The mystery unfolds in 20 short chapters, each presenting key decision-making concepts including thinking outside a conventional frame, proactively seeking feedback about decisions, avoiding post-decision remorse and owning up to personal mistakes and biases. Additional resources, such as a conceptual overview, a checklist of common pitfalls, references and a glossary of terms, allow readers to gain a thorough understanding of the decision-making process while questions at the book's conclusion challenge them to reflect about how they personally make decisions.

For anyone who feels guilty reading for pleasure while traveling on business, this book is great. It's fun to read and educational. Best of all the decision-making tools can be implemented in daily life easily and with potentially long-lasting effects.

Written by Jay Hammond
Managing Editor, AccountingWEB.com
editor@accountingweb.com

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May 4, 2006







HELP A PEER

Sometimes we are unaware of the knowledge we have until we begin to share what we know with others. Here is a chance for you to reach out and help a member in need of advice. Can you help with the question below?

"A new client has several outstanding payments to a variety of vendors from previous periods. Since the checks have never been cashed, they ought to be voided. Should the related debit and credit be taken in the current period or in the period in which the payment was issued?"

Marc Davis, Staff Accountant, New Mexico

Give your advice!



Something to think about:

Every one of us gets through the tough times because somebody is there, standing in the gap to close it for us.

-- Oprah Winfrey, O Magazine