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MARCH 13, 2008


Many middle market companies have global expansion plans
Fifty-eight percent of U.S. middle market execs surveyed plan to expand globally in next five years, with the downturn in U.S. economy possibly the accelerating rate of expansion.

AICPA and InvestmentNews offer online tax season assistance to financial advisers
The American Institute of Certified Public Accountants and InvestmentNews have teamed up this tax season to offer online answers to tax questions submitted by financial advisers.

Private sector employment shows decline in February
According to the latest ADP National Employment Report, private sector employment declined by 23,000 in February. The ADP National Employment Report, created by ADP Employer Services, a division of Automatic Data Processing, Inc., in partnership with Macroeconomic Advisers, LLC, is based on actual payroll data and measures the change in total nonfarm private employment each month.


What have you got to say today?

Gary Levine:
Capitalization Matters
Year End Reprieve: SEC Extends Safe Harbor for Estimating Expected Term

Are you concerned about estimating your stock option expense because you are a company that has little or no historical exercise data and you thought you'd be losing the simplified method under SAB 107?

Linda Cavanaugh, CPA:
Plugged In
Are you ready to implement FAS 157?

FAS 157 "Fair Value Measurements" became effective on January 1, 2008 and will need to be included in the footnotes of the 1st Qtr 10Qs for the March 31, 2008 close. There has been some good news. The FASB issued two FSPs to help us out. FSP157-1 excludes leasing transactions from the scope of FAS 157....

AccountingWEB readers face off

Two readers respond to Michelle Golden's blog entry about getting personal attention in a reception area.

Teresa Ambord , A little recognition goes a long way

I find that when I go into any business, I don't mind waiting as long as someone there acknowledges my existence. It's not necessary for everyone to stop and smile or speak to me. But a little eye contact, a friendly smile, and a word or two that assures me I will be helped at the earliest possible time, completely disarms me, especially if I have to wait....

A.S. CPA, New York , This is not a bar, it's a business

I actually think it would be highly inappropriate in a professional business setting for an employee to inquire after a visitor in the lobby. Could they smile and say "Hello," yes. But that visitor could be here on a personal matter, or a secret business transaction (your company is being taken over), or a regulatory investigator....

Where do you stand on the issue?

Join the forums -
express your views!

Purchase Now!

The Complete CFO Handbook: From Accounting to Accountability

by by Frank J. Fabozzi, Pamela Peterson Drake, Ralph S. Polimeni

The role of the CFO in business has expanded significantly in recent years as companies become more accountable to their stakeholders and regulators and as the sophistication of technology, risk management, financial analysis, and financial records processing has increased. Filled with numerous examples, The Complete CFO Handbook lives up to its name.

Publisher's Note

As a big fan of football's Peyton Manning, and the Manning family in general, I was thrilled when I realized that the birth order of the sons spells out "CPE" (Cooper, Peyton, Eli). When the dust from Busy Season clears, many of you will be catching up on CPE requirements. There are so many great options out there these days, it's remarkable.

If you've got a CPE story to tell, it could mean a free AccountingWEB ball cap for you. I'll choose three names at random among those of you who send me your story involving CPE sessions. Funny, scary, unique, spilling Hawaiian Punch on your laptop in the middle of an online CPE class, whatever. Send your story to me at We might publish it ... and you might win a khaki AccountingWEB baseball hat. Life gets no better than this.

Rob Nance

Latest News

Firm/State News

New York-based accounting firm launches major ad campaign
An advertising campaign for Marks Paneth & Shron LLP, a New York-based accounting firm with nearly 500 people, launched on March 13, 2008. Ads feature a puzzle specific to the New York region and involve mathematical equations that relate to iconic New York landmarks, like the Wall Street Bull and the Statue of Liberty. The ads are designed to be thought-provoking and fun - and complement the tagline, "Do the Math."

Tech News

Microsoft programs have difficulty dealing with leap year
According to the Microsoft Exchange 2007 team blog, system administrators attempting to configure Exchange e-mail networks on February 29th may have been met with the curt system message: "The Exchange server address list service failed to respond. This could be because of an address list or e-mail address policy configuration error."

Lite News

Sitcom Tax: Everything I need to know about income tax I learned watching TV
There's federal tax. There's state tax. And then there's sitcom tax. Sitcom tax is the body of knowledge created by Hollywood, that's meant to represent the U.S. income tax system. Contributing writer Teresa Ambord launches a new series on how tax is viewed in TV Land.

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