CFO

A&A

Daily habits for developing the art of leadership

Many people are born leaders, yet the ability to lead is actually an art and an amazing collection of skills which can be learned and sharpened. The following top ten daily habits will help you and/or your clients grow as a leader personally, professionally, and spiritually.
A&A

10 steps to maximizing ROI in employee pay

Employers should make market data a smaller part of their compensation decisions and should focus on performance-driven strategies that will motivate and retain employees, according to Brad Hill of Tandehill Human Capital. Hill outlines 10 steps employers should take in order to maximize their return on investment in employee pay. Step 1: Compensation will become part of the employment value proposition. Hill notes that most employees leave their company for reasons other than pay, such as a lack of career development or unhappiness with management.
A&A

FASB issues Exposure Draft on Accounting for Hedging Activities

The Financial Accounting Standards Board (FASB) has issued an Exposure Draft (ED) of a proposed Statement of Financial Accounting Standards, Accounting for Hedging Activities — an amendment of FASB Statement No. 133.
Technology

Small businesses are most likely candidates for risky online behavior

Trend Micro Incorporated, a global leader in Internet content security, has reported that in the U.S., UK, Germany, and Japan, employees in small companies took more online risks while on the company network compared to their counterparts in larger organizations. This is the result of a study that explores corporate computer users' perceptions of and experiences with security threats.
A&A

Top 10 interview bloopers...and how to avoid them

We’ve all heard stories of job candidates who looked great on paper but who were absolute disasters in person. With fewer interview opportunities available in a competitive marketplace, it’s essential to make the best possible first impression. You can learn from the mistakes of others and avoid the top 10 worst interview blunders. Poor handshake.
A&A

FASB will add disclosure requirements to Statement 140

The Financial Accounting Standards Board (FASB) continued its review of Statement 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, (SFAS 140) and FASB Interpretation No.
A&A

SBA shows its color - turns out it's green

Most of us don't think of federal agencies as being particularly earth conscious. But long before it was cool to be green, the Small Business Administration in its policies was committed to the protection of the natural environment. Not only does the SBA now offer programs dedicated to helping businesses involved in conservation and energy production, but the fact is, all SBA loans have an underlying green element. Part of the approval process for any loan is an environmental assessment by a participating SBA lender.
A&A

Don't feel trapped in your job

By Bruce L. Katcher, Ph.D. President, Discovery Surveys, Inc. - Only 54 percent of employees feel they have a good future with their current organization. Why do they feel this way?Some have doubts about the future of their organization. They fear that the company could go out of business, merge with another, or be acquired.More often they feel their performance is not valued.Ironically, our research also shows that most of these fearful employees will stay with their organizations anyway and continue to live in fear and unhappiness. Here's why they stay:
A&A

12 Tips to help small retailers thrive in a recession

Less red meat, more spaghetti. Fewer first-run movie tickets, more DVD rentals. Skip the Starbucks latte, sip a McDonald's coffee. As the economy sinks into a recession, people from Seattle to St. Petersburg are adapting their spending habits to adjust to increased prices in all types of consumer goods and services. So, how can small retail stores survive ... and even thrive ...
A&A

FASB issues Statement No. 163, Accounting for Financial Guarantee Insurance Contracts

Last week The Financial Accounting Standards Board (FASB) issued FASB Statement No. 163, Accounting for Financial Guarantee Insurance Contracts. The new standard clarifies how FASB Statement No. 60, Accounting and Reporting by Insurance Enterprises, applies to financial guarantee insurance contracts issued by insurance enterprises, including the recognition and measurement of premium revenue and claim liabilities. It also requires expanded disclosures about financial guarantee insurance contracts.
A&A

Starting your own business in 30 days

Can you start your own business in a month? Experts say it's possible if you follow these steps.But first, you must invest a lot of time into research that will help you make some key decisions up front. Experts advise tapping the expertise of your local Service Corps of Retired Executives (SCORE) chapter.
A&A

Teresa S. Polley named president of Financial Accounting Foundation

Robert E. Denham, chairman of the Financial Accounting Foundation (FAF) Board of Trustees, has announced that Teresa S. Polley has been named President and Chief Operating Officer of the FAF, effective immediately. Polley had been serving as Chief Operating Officer on an interim basis for several months."We are delighted to recognize Terri's impressive leadership in naming her as President and COO of the FAF," said Chairman Denham. "For 20 years Terri has served the organization in a variety of roles, adding value to everything she has touched.
A&A

How To Jump Start Your Week - Take Action

Sometimes getting started can be the toughest part of the day, especially on Mondays, or even worse, returning from that week long vacation!Below are some ways to ensure that you get moving quickly and effectively.
A&A

Symposium addresses current state of businesses owned by women of color

The dynamics of the intersection of race and gender were the focus of research findings released last week at the national symposium, Research to Roadmap: Accelerating the Growth of Businesses Owned by Women of Color convened by the Center for Women's Business Research. The research is the first release of the results of a multi-year study conducted by the Center for Women's Business Research in partnership with Babson College exploring the impact of race and gender on the growth of businesses owned by women who are African-American, Asian, Latina and other ethnicities.
A&A

Fraud 101: Small business at risk

FRAUD: 1. Intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right 2. The act of deceiving or misrepresenting. That's how Webster's Dictionary defines the word "fraud"Business fraud and abuse costs have reached $400 BILLION dollars a year. That equates to $9.00 per employee, per day. Pretty incredible isn't it! It appears that the work force today has become Ethically Challenged. Who's the most at risk? The answer, small businesses.Fraud is difficult and often impossible to prevent.
A&A

FASB releases GAAP Hierarchy Statement 162

The Financial Accounting Standards Board (FASB) has issued FASB Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles. The new standard is intended to improve financial reporting by identifying a consistent framework, or hierarchy, for selecting accounting principles to be used in preparing financial statements that are presented in conformity with U.S.
A&A

TIGTA report: Few businesses claimed telephone tax refund

Less than 6 percent of business taxpayers claimed the one-time-only telephone excise tax refund when they filed their 2006 tax returns.That's according to a report released Thursday by the Treasury Inspector General for Tax Administration, which was requested by the IRS to conduct an audit of the program. Even though between 13.9 million and 15.9 million business taxpayers were eligible to claim the refund, only 5.6 percent made the claims as of November 2007.
A&A

SBA offers free online training course on franchising

Entrepreneurs considering franchising can now access a new online course from the U.S. Small Business Administration and FranNet to help them navigate the competitive franchise industry.The introduction to franchising course, Franchising Basics, is a free online seminar which provides three key sections that examine more than 10 essential areas relating to franchising, including, "Is Franchising Right for You?" and "How to Choose the Right Franchise." The course also covers franchising options, strategies for growth, and pitfalls to avoid.
A&A

Female entrepreneurial activity dropping sharply

The rate of entrepreneurial activity among women dropped sharply in 2007 while the activity rate among men and immigrants surged, according to a national assessment of entrepreneurial activity by the Ewing Marion Kauffman Foundation.According to the Kauffman Index of Entrepreneurial Activity, the only annual study to measure business startup activity for the entire United States adult population at the individual owner level, 495,000 new businesses per month were started in 2007 with 0.30 percent o
Practice

How to handle difficult people

A bully at your work is difficult for you to face. He is demanding you do part of his job without pay or credit. How do you handle it?Your neighbors are constantly fighting. They wake you up in the middle of the night with their screams and curses. What do you say to them?Your father is unhappy about your career choice. He constantly criticizes your work and points out what he thinks you should do. How do you deal with him?

Pages

Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
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