CFO

A&A

12 Ways to Ease the Fear of Self-Investing

Even though we are accounting professionals and are used to dispensing advice, when it comes to self-investing--with our own money--it's a different story completely!Most anyone who invests on their own faces a society in which we're taught to trust someone else with our money. However, there are ways to combat the fear of investing and come out on top.
A&A

Fin. Exec. of the Year Nominations Open

Fiscal responsibility affecting cost savings, productivity and profitability are the attributes associated with the Financial Executive of the Year awards competition.Now in its fifth year, the awards are sponsored by Accountants on Call (AOC) and the Institute of Management Accountants.Both members and nonmembers of the IMA are encouraged to apply for the award; deadline for submitting nominations is Nov.
A&A

NetLedger and ADP Launch Online Payroll and Accounts

Accounting application service provider NetLedger has formed an alliance with payroll company Automatic Data Processing (ADP) to offer an integrated "one-stop" payroll and accounting service on the Web.EasyPayNet is available to customers of both companies and lets them automatically update their accounting records as their payroll is processed.
A&A

Going for the Gold in Salt Lake: Expenses Loom

As we prepare to watch the summer Olympics from Sydney, Australia, the scene is very much different in Utah, where the already scandalized 2002 winter games from Salt Lake City loom on the horizon.At the helm of the money matters connected to the Olympics is Fraser Bullock, Salt Lake Olympic Committee chief financial officer, who, according to CFO magazine is not trying to put on the best Olympics ever in the history of the games. He's just trying to put on the games.
Practice

When is a Merger the Right Answer?

August Aquila, Vice President of Mergers and Acquisitions for American Express Tax and Business Services, presented an interactive workshop at AccountingWEB on Tuesday, September 5, from 4 to 5 p.m.
Practice

Get Started with Online Accounting

Service is what will set the successful ASPs aside from the unsuccessful ones. "I think service is the single most important aspect." according to Jack Fox, M.B.A., author of, among other titles, Building a Profitable Online Accounting Practice. Mr. Fox presented the AccountingWEB workshop on August 31, "Online Accounting…Frontline to Bottom Line." Mr. Fox addressed aspects of online accounting, describing how accountants can pave the way for the new economy.
A&A

The Jailbird CFO: Fraud on the Rise

What's going on in the world of the CFO? The latest trend seems to find some CFOs caught with their hand in the cookie jar - caught in some sort of fraud scheme.Take several examples that have recently made the news. Office equipment leases offered through Bennett Funding Corporation in New York landed CFO Patrick Bennett in jail. Paul Polishan, who was the CFO with Leslie Fay, was sent to jail based on indictments of 18 errors related to accounting misstatements.Why is this happening, over and over, in a seemingly increased capacity?
Technology

Amazon's Debt Load Worries Investors

Admit it. You've been at parties or social functions at which a group of accountants, CPAs or financial professionals cussed and discussed the much-anticipated fate of Amazon.com. It's on everyone's minds as we still sort out the dotcom winners from the dotcom failures.Amazon.com continues to be strong in the eyes of the consumer, but the investor side is a different story completely.
Technology

KPMG Points Out the E-vil of the New Economy

KPMG Consulting has warned businesses to steer clear of the seven deadly 'e-sins' that could cripple their online operations.E-business partner Paul Baker says that the path to 'e-virtue' lies in avoiding the following:Sloth - the key top e-business is speed;Envy - don't simply copy the successes of other companies;Greed - Don't be afraid to collaborate;Pride - Share your data;Gluttony - Delivering online grub can be complicated;Lust - The proliferation of porn sites makes a clearly defined policy on permissable personal browsing a must;
A&A

Real Estate Transfer Tax Implications - New York State

Accountants who are advising their clients in real estate transactions should always consider transfer tax implications. There are State transfer taxes as well as taxes imposed by the City of New York, some counties and towns. These taxes are paid at the time of the closing or recording of deed.The New York State Real Estate Transfer Tax is imposed on each conveyance where consideration exceeds $500. The tax rate is $2.00 for each $500 of consideration or fractional part thereof.
A&A

'Super Stock Options' Attractive for Employer/Employee

The best of both worlds can be found in what it termed 'super stock options,' and legislation currently in the House of Representatives to approve such a measure.Super stock options are advantageous both for employer and employee. If it passes, employers can deduct the cost of the options when the employees exercise them.
Practice

Direct Mail that Grabs the Reader

The name junk mail is just that for a reason; because it’s junk. A company may have many wonderful things to inform you about but unless they grab you and give you a reason to read, you will find yourself dumping it without giving it a second glance. Don’t let this happen to your letter.Start by making sure you know your audience. Sometimes hitting the masses and hoping that your target it nestled somewhere within is not as effective as shaving down your list knowing full-well that these recipients are people who will be interested.
A&A

The new CFO: Beyond Salary and Benefits in a Start-Up

Jumping ship to a dotcom is commonplace in today's online marketplace, but in a time when jobs are plentiful, what is the real attraction to go work for one of these start-ups?It's certainly not salary - many salaries are below what typical CFOs and finance professionals have been paid. It's certainly not the stock options either.
A&A

A Humorous Look at a CFO's Top Duties

A recent story on AccountingWeb chronicled the rocky times at Microstrategy.As an aside, The Motley Fool is at it again. The online pundit of finance and business-related issues has observed the latest goings-on at Microstrategy, and developed a list of the top five new duties of the recently appointed CFO. They are (drum roll, please): 5.
Technology

Employers Who Read Employees’ E-Mail Face Risks

Employees have a right to e-mail privacy, as long as “there is a subjective expectation of privacy and that expectation is objectively reasonable,” or if the employee commits “an unreasonable intrusion upon the seclusion of another,” according to Dr. Steven Abraham, J.D., Ph.D., university professor, and legal advisor.
A&A

Decimals to Come to the Stock Exchange

Beginning August 28, 2000, you will start seeing securities listed with decimals instead of the traditional fractional reporting that has been available since the exchanges began.Decimal pricing will be phased in in a four step process through April 9, 2001, when all securities on all exchanges will be listed in decimal format.
A&A

XBRL Committee Releases Specs, Adds Members

Committee to Form International Organization to Position for Rapid Global Expansion and AdoptionThe XBRL Committee announced today that several new, leading companies and organizations have joined the XBRL initiative: ACCPAC International, Inc.; ACL Services Ltd; Bridge Information Systems; Dow Jones & Company, Inc.; e-Numerate Solutions Incorporated; eLedger.com, Inc.; Fidelity Investments; Financial Software Group; First Light Communications, Inc.; MIP, Inc.: Multex.com, Inc.; Oinke, Inc.; PeopleSoft, Inc.; U.S. Advisor, Inc.; Virtual Growth, Inc.; and XBRL Solutions, Inc.
A&A

Airlines, Rental Cars Reach out to Small Business

Let's face it: you're not an Arthur Andersen or MobilExxon, and you'll never be in the big leagues when it comes to purchasing power. Nevertheless, the small business traveler may go on just as many trips or rent just as many cars as the big guys, so why should they get all the perks?Changes are very much in the works across all vertical travel industries. For example, several airlines, like Delta and Northwest, have revamped their Web sites to aid the small business traveler in make all arrangements through a one-stop shopping portal.
A&A

Health Care, Taxes Vex Small Business Owners

The National Federation of Independent Business has released its Small Business Problems & Priorities Survey in which 4,044 small businesses rank their toughest problems.The cost of health care has had a lock on the number one spot since 1986, and 47% of survey respondents cite the problem as 'critical.' "No other single problem can touch health costs in terms of either the unanimity or intensity of concern it generates among small business owners," according to William J. Dennis, Senior Research Fellow at the NFIB Education Foundation and author of the study.
A&A

Tips for Maximizing Home Office Phone Lines

Telecommuting and the home office are popular staples in today's business marketplace, but how wisely are you using your telephone lines? Chances are, you're not being as productive as you could be when it comes to the ins and outs of home wiring and line details.Here are some tips for productivity: ISDN is Possible - ISDN isn't only for the standard office environment. However, you'll need two lines to make an ISDN connection to the Internet.

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