AccountingWEB Logo
July 31, 2008  

Publisher's Note

Results from a recent Gallup poll survey conclude that only six percent of men now wear neckties to work every day. Sales of these ties in the U.S. have dipped to $677.7 million annually, down from a high of $1.3 billion in 1995. Certainly, there are pros and cons associated with this cultural shift.

There's debate in the necktie world as to the origin of the necktie. Whether it started in China in the B.C. timeframe or it began in the early 1900's by tie manufacturer Jesse Langsdorf as some have suggested, I suppose it really doesn't matter. Regardless, accounting kicks in with a bit of a zero- sum game: fewer neckties sold, more golf shirts sold. Enjoy the rest of your summer.

Rob Nance
AccountingWEB, Inc.

Featured Jobs

Executive Director of Financial Aid
Kaplan University
Fort Lauderdale, Florida/ Chicago, Illinois

Pepperidge Farm Incorporated
Aiken, South Carolina

Join the forums - express your views!
Questions & Advice
Bloggers Crew

Recent Supplements
Tax Zone
Small Business Zone

Bloggers Crew
What have you got to say today?

Financial Reporting Blog

SEC Votes To Release Interp Guidance On Use of Corp Websites
At its open commission meeting earlier today (July 30), the SEC voted to issue guidance in an Interpretive Release on the use of company websites for disclosures to investors....

Michelle Golden:
Golden Practices

The Exuberant Accountant
The newest CPA firm blog is that of Scott Heintzelman (CPA, CMA, CFE) a young partner at savvy McKonly & Asbury in PA. Scott's blog is aptly named (if you've met Scott!): The Exuberant Accountant....

Alex Vuchnich, CPA, CFE:
Profit Matters Blog

Preliminary Analytical REVIEW
A common concern I hear from many of the firms I work with is the lack of a consistent and efficient approach to preliminary analytical review in their audit engagements. In a large part I believe this is a result of the traditional substantive balance sheet audit approach that was predominant in most smaller and regional firms prior to the pronouncement of the risk assessment standards....

Top News

Who bears the tax burden in the U.S.?

"Soak the rich" is a popular concept among some groups. Raise taxes on the wealthiest among us, and we'll raise revenue and be rolling in surplus cash, right? A quick look at the facts will tell you, the notion that the U.S. can tax its way to prosperity is all wrong. more

A tax tale gone wild: Is Joe Francis a victim of the rogue IRS and a disgruntled CPA?
SEC roundtable on IFRS, GAAP, and subprime crisis
PCAOB adopts rules for firm succession

Firm/State News

Florida accounting firms announce merger

The local accounting firms of Cross, Fernandez & Riley, LLP (C/F/R) and Beckert, Price, & Rowse, P.A. (BPR & Company) recently announced a merger. Effective August 1, 2008, BPR & Company will be recognized as Cross, Fernandez & Riley, LLP more

LeapFILE announces file-transferring partnership with several CPA societies
New York accounting firms merge

Student News

Back to school shoppers planning to spend less this year

The parents of this fall's college-bound freshmen may be breathing a collective sigh of relief that their children have cleared the admissions hurdle. But few parents understand the terms necessary to make fully informed financial aid decisions, says a new survey conducted by leading global strategic branding firm Siegel+Gale. more

PwC to partner with Duke University for offshoring research
AICPA names Elijah Watt Sells award winners

Questions & Advice

Set up a LLC for investment properties?

A reader would like information about the advantages and disadvantages of creating an LLC. Share your opinion! Respond Now

Accounting for purchased receivables

An employee of a real estate appraisal business is seeking information about accounting for purchased receivables. Add your input! Respond Now

Copyright 2008 AccountingWEB, Inc. All rights reserved.
P.O. Box 2252, Westerville, OH 43086-2252
"Resources to help you grow"

Powered by

The AccountingWEB Portfolio includes: | |