AccountingWEB Weekly News Wrap-up - Issue 39

The AccountingWEB Friday Wrap-Up Newswire - Issue 39

April 21, 2000

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** This week's Newswire is sponsored by Image Cafe **

http://www.imagecafe.com/servlets/affiliate?affiliate_id=342

In the newswire this week:

1. While You Were Out - A Recap Of Top Stories This Season
2. Top 20 Tips To Improve Excel Productivity
3. Four Prominent Consultants Join Forces
4. Free Tools To Help Explore Financial "What-Ifs"
5. Katie Couric, Watch Your Back
6. US Accounting Firm Association Adds International Network
7. SEC Announces Revenue Recognition Policies and Rules
8. Direct Marketing Tips: Words That Work, Words That Don't
9. Firm Profitability: It's a Simple Formula Really
10. Computer Tip: Remote Mechanics Climb Right Inside Your PC


Editor's Note

Many of you are now re-emerging from the very client-focused effort of tax season. We just want to let you know that there have been a number of big developments around the profession in the last couple of months, and AccountingWEB has prepared a summary for you so you'll know what's going on. Be sure to check out our tax season wrap-up "While You Were Out" so you can be all caught up on what's happening.
http://www.accountingweb.com/cgi-bin/item.cgi?id=15594&d=101

Michael T. Platt
Editor-in-Chief
mplatt@accountingweb.com

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AccountingWEB's Online Workshop Schedule

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Tuesday April 25 4:00pm EDT - Hiring and Retaining Good People

Join us on Tuesday at 4:00pm EDT for some insight on hiring and retaining good people. Debi Peri, a Professional Development Consultant with Results Accountants' Systems, will be on hand to share some ideas on what it takes to find and keep the best and brightest.
http://www.accountingweb.com/workshop


1. While You Were Out - A Recap Of Top Stories This Season

We recognize that having to keep up with the latest developments in the profession is a necessary evil for many of you who would rather be spending your time working on company or client matters. We have taken the time and the pain out of the process by creating the recap of top news stories from the last couple of months. Take some time to review these stories and you'll be up to speed and know what "those in the know" know. Stories like the proposed AICPA restructuring including a possible IPO, changes in financial reporting requirements, the divestiture of the Big 5 consulting divisions, and changes in CPA society membership rules. A quick read is all you'll need.
http://www.accountingweb.com/cgi-bin/item.cgi?id=15594&d=101


2. Top 20 Tips To Improve Excel Productivity

One of AccountingWEB's Excel gurus, Chris Bales, has developed for you a summary of the top twenty tips to improve the productivity of Microsoft's popular Excel spreadsheet program. Useful tips include advice on hardware, software, worksheets, and troubleshooting. Be sure to print out this essential guide and share it with others you work with!
http://www.accountingweb.com/cgi-bin/item.cgi?id=15667&d=101


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This newswire will be read by thousands of accounting
professionals this week. For advertising information, contact Ryan Carmen at rcarmen@accountingweb.com


3. Four Prominent Consultants Join Forces

Four of the most experienced and knowledgeable consultants in the accounting and financial services industry have joined forces in a collaborative new venture called The Advisory Board. Through this new organization, Gary Boomer, Allan Koltin, Gary Shamis and Jay Nisberg will provide strategic consulting services on a macro basis to large public and private companies in the professional services industry.
http://www.accountingweb.com/cgi-bin/item.cgi?id=15611&d=101


4. Free Tools To Help Explore Financial "What-Ifs"

AccountingWEB has added a host of online financial calculators on our site to help you better explore your financial situation. We invite you to explore the range of "what-if" options available through these various calculators. Whether you're looking for information on home financing, investments, retirement planning, personal financing or leasing, we've got a calculator for you.
http://www.accountingweb.com/calculators.html


5. Katie Couric, Watch Your Back

Broadcast news will never again be the same, as Ananova, the world's first computer-generated virtual newscaster, made her somewhat-shaky debut on the Internet this week from her home in the United Kingdom. Now, all the top news is reported by this virtual news anchor with all of the head motions and facial expressions of her human counterparts. Kinks still need to be worked out in the technology, but it is yet another step to make technology feel more human (or is that "to make humans feel more technological?")
http://www.accountingweb.com/cgi-bin/item.cgi?id=15745&d=101


6. US Accounting Firm Association Adds International Network

The Leading Edge Alliance, a network of 25 of America's largest local CPA firms and a recent entry in the world of accounting firm networks, has entered into a strategic alliance with Kreston International, an international network of independent accounting and consulting practices, headquartered in the United Kingdom. The combined organization represents 245 firms in over 65 countries with a combined annual revenue total exceeding $600 million.
http://www.accountingweb.com/cgi-bin/item.cgi?id=15659&d=101


7. SEC Announces Revenue Recognition Policies and Rules

Citing a study, which found that over half of financial reporting frauds involved the overstating of revenue, the Securities and Exchange Commission (SEC) recently issued a Staff Accounting Bulletin (SAB) in its continuing efforts to combat earnings management. This review of SAB 101 outlines the guidance provided to public corporations in the recognition of revenue, income statement presentation and required disclosures concerning revenue in financial statements and SEC filings.
http://www.accountingweb.com/cgi-bin/item.cgi?id=15588&d=101


8. Direct Marketing Tips: Words That Work, Words That Don't

If you are responsible for a direct marketing campaign in your organization, then you need to be able to harness everything you can to grab your prospect's attention. Studies show that you have about 10 seconds to do that. Which words can you use to draw them in, and which words will send them on their way? We've captured a list of the 25 words that will boost your campaign (like "discover," "easy," "free," and "fun") and the 25 words that could kill it (like "buy," "decide," "price," and "sell"). Check out our list, and improve your next direct marketing piece.
http://www.accountingweb.com/cgi-bin/item.cgi?id=15584&d=101


ADVERTISEMENT

AFTER TAX TIME-GET A SOLID ROI WITH IMAGECAFE TODAY!
* PROFESSIONALLY-DESIGNED WEBSITE (100's of templates!)
* 30-DAY MONEY BACK GUARANTEE (Scouts Honor)
* ONLINE CUSTOMER SUPPORT (Real-time online help chat)
* EASY TO CREATE AND MAINTAIN (A no brainer)
* ONE CLICK AWAY TO BIGGER BUSINESS! (Click now!)
http://www.imagecafe.com/servlets/affiliate?affiliate_id=342


9. Firm Profitability: It's a Simple Formula Really

Ric Payne of Results Accountants' Systems shares with AccountingWEB members the formula to break down the elements of firm profitability into its component manageable pieces. These pieces include people, productivity, prices, and costs. Other management specialists, including David Maister and David Cottle who initially defined the formula, refer to these elements as Leverage, Utilization, Billing Rate, Realization and Margin. By focusing on each of these individual factors, firm profitability can be managed properly and can steadily increase.
http://www.accountingweb.com/cgi-bin/item.cgi?id=15612&d=101


10. Computer Tip: Remote Mechanics Climb Right Inside Your PC

We've all been there. You run into a problem using your computer and get more and more frustrated because you can't solve it. And you know you don't want to try to reach tech support - after all the weekend is just three days away and you don't want to spend all that time on the phone. Enter Expertcity.com, the online marketplace that matches accredited live, human computer experts with your needs. Expertcity's proprietary DesktopStreaming Technology, which downloads in seconds, permits members and experts to interact in real-time with mutual mouse and keyboard control. This allows experts to "hold a member's hand" and resolve problems directly on the member's PC, while also allowing the member to see exactly what the expert is doing. It's pretty neat stuff. Check it out!
http://www.expertcity.com/go/now?245446


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This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
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