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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
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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





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