One plans to bring new services to a low-income Hispanic community. Another wants to revitalize a small town devastated by a tornado. A third plans to offer new job training to the unemployed. Yet another wants to assist those on the verge of financial disaster.These are just a few examples of how the 10 winners of Intuit Inc.'s Power to Get More Done Stimulus Grant winners plan to use their $20,000 prizes to expand their businesses and better serve their communities.

On July 1, 2009, the Financial Accounting Standards Board (FASB) is instituting a major change in the way accounting standards are organized. On that date, the FASB Accounting Standards Codification (FASB Codification) will become the single official source of authoritative, nongovernmental U.S. generally accepted accounting principles (U.S. GAAP). After that date, only one level of authoritative U.S. GAAP will exist, other than guidance issued by the Securities and Exchange Commission (SEC). All other literature will be nonauthoritative.

AccountingWEB interviewed Mike LeMaster of Revenue Advisors. Here are his thoughts on sustaining businesses in the current economic upheaval.

Two recent surveys of corporate finance leaders in Southern California revealed that while most businesses are reporting declining revenues and employment in 2009, four out of five of these finance executives expect recovery within the next two years, without widespread restructuring or business failure.The Orange County Chapter of Financial Executives International (FEI) and local chapters of the Institute of Management Accountants (IMA) conducted surveys of their memberships in April and May, respectively.

by Barbara Bix and Olga TaylorLet us tell you a fable that we've heard in a number of group settings. It talks about heaven and hell. If the analogy to small businesses is not immediately clear, it should become so by the end of this article.