AccountingWEB Weekly News Wrap-up - Issue 67

The AccountingWEB Friday Wrap-Up Newswire - Issue 67

November 3, 2000

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* * This week's newswire is sponsored by Tax Analyst * *

http://www.tax.org

**LATEST NEWS***LATEST NEWS***LATEST NEWS**

1. Levitt's Speech to the AICPA: The Public's Profession
2. Industry Profiles Now Available on AccountingWEB
3. New Rule Divides Wall Street
4. Are You Ready to Vote?
5. FASB Creates Possible Solution to Debt vs. Equity Issue
6. Andersen Consulting to be known as Accenture in New Year
7. Senate Votes to Delay Tax Bill
8. Excel Tip: Assign a Macro to a Button on Your Toolbar
9. Elton John has his Day in Court with PwC
10. XBRL: An Update on the Future of Financial Reporting

****Spotlight on Donna Ingram****
This week's Spotlight is on Donna Ingram - a CPA who is evolving with the times.
http://www.accountingweb.com/item/30103/101

NEW INNOVATION***NEW FEATURE***NEW INNOVATION***NEW FEATURE

AccountingWEB is pleased to announce an exciting new innovation that can help you immediately to better understand client industries and market your services to your clients. Beginning today, you can access market and financial information on over 80 different industries, available for the first time on an individual pay-per-view basis through AccountingWEB. Utilizing comprehensive data developed by First Research, Inc., these industry profiles arm you with the tools you need to better understand, market to, and service your client base and your prospects. Subscribe to the entire series of 80+ industry profiles, or purchase them on an individual pay-per-view basis for just $49 per industry. These 6-10 page reports will give what you need to stay ahead of the competition. Explore our offerings and see how Industry Profiles can help your business today!
http://www.accountingweb.com/firstres

Michael Platt
President

mailto:mplatt@accountingweb.com

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AccountingWEB's Online Workshop Schedule
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Be sure to mark your calendar for these upcoming free workshops, and encourage others in your firm to join you online!
http://www.accountingweb.com/workshop

Tuesday, November 7
"Clairvoyance-How You Can Convince Your Client You Can Read
Minds!"
Presenter: Eva Rosenberg, AKA TaxMama
Sponsor: Arthur Andersen

Thursday, November 9
"Technology Planning in the New Millennium"
Presenter: Geoff Wold and Jeffrey Locketz, Technology Partners, LLP
Sponsor: NetLedger

Are you interested in presenting an AccountingWEB workshop? We are always looking for experts with a perspective to share with our members. Please contact me if you would like more information.
Gail A. Perry
Managing Editor
mailto:gperry@accountingweb.com

Did you know that you can utilize the AccountingWEB workshop room for live press conferences, meetings, and online in-house training when geographic constraints prevent a group from meeting in person? Contact Sales for more information at
mailto:sales@accountingweb.com or call 1-317-876-7525.
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1. Levitt's Speech to the AICPA: The Public's Profession
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It may seem like Arthur Levitt, Chairman of the SEC, has devoted the past year to creating upheaval in the accounting profession. Read what he had to say about that when he spoke at the annual AICPA meeting in Las Vegas last week.
http://www.accountingweb.com/item/30344/101

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2. Industry Profiles Now Available on AccountingWEB
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In this first-of-its-kind relationship, AccountingWEB is pleased to announce a partnership with First Research, Inc. to deliver individual industry profiles for over 80 industries to our members on a pay-per-view basis.
http://www.accountingweb.com/item/30293/101

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3. New Rule Divides Wall Street
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Last week, U.S. Markets began a new period of open and fair communication. At least that was the intent. . .
http://www.accountingweb.com/item/29622/101

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This newswire will be read by thousands of accounting professionals this week. For advertising information, contact Sales at
mailto:sales@accountingweb.com

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4. Accountants, Cast Your Vote!
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The latest AccountingWEB poll is tracking how accountants plan to vote in next week's presidential election. Add your vote to the ballot box and see how your profession is leaning.
http://www.accountingweb.com/poll

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5. FASB Creates Possible Solution to Debt vs. Equity Issue
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While venture capitalists continue to run amok to fund start-ups and other endeavors, the accounting rules applying to debt versus equity relating to those funding issues remain under scrutiny - until now. Late last week, the Financial Accounting Standards Board (FASB) proposed a solution to the rule.
http://www.accountingweb.com/item/30187/101

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6. Andersen Consulting to be known as Accenture in New Year
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Effective January 1, 2001, Andersen Consulting will go by the new name of Accenture. The newly-coined word is meant to refer to an accent on the future.
http://www.accountingweb.com/item/29979/101

FREE OFFER


Get a world of tax information FREE! TaxBase gives you 24-hour access to the latest and most comprehensive daily federal, state, and international tax news and analysis in one convenient Internet location. And now you can get it FREE! Visit www.tax.org today to sign up for your free 30-day trial of TaxBase! Get connected to Tax Analysts' complete range of in-depth tax research libraries, including the full text of the Internal Revenue Code, plus up-to-the-minute reporting on late-breaking news and newly released documents. Sign up for TaxBase today!
http://www.tax.org


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7. Senate Votes to Delay Tax Bill
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With the federal budget issues and a major tax bill still unresolved, senators voted to pack their bags and head for home, choosing instead to return to Washington after the election and pick up where they left off. Will the House and President Clinton agree to delay legislation?
http://www.accountingweb.com/item/30464/101

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8. Excel Tip: Assign a Macro to a Button on Your Toolbar
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If you've created a macro that you plan to use frequently, you can save time by making a button for that macro and adding the button to your Excel toolbar.
http://www.accountingweb.com/item/30102/101

Did you know that AccountingWEB has a whole section devoted to
Excel Tips and Tricks? Check it out at
http://www.accountingweb.com/expertguides/excelzoneit.html

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9. Elton John has his Day in Court with PwC
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Elton John is singing the blues these days, thanks to what he claims is negligence on the parts of both PricewaterhouseCoopers and a former business manager.
http://www.accountingweb.com/item/30291/101

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10. XBRL: An Update on the Future of Financial Reporting
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Mike Willis is a member of the Steering Committee that is responsible for the development and implementation of XBRL reporting standards. In a recent workshop, Mike enlightened the AccountingWEB community on developments to date and where this whole new financial reporting arena is heading.
http://www.accountingweb.com/item/26638/101

Q&A Forum
========================

Whether you want to test your technical expertise or find an answer to a problem, AccountingWEB's Q&A Forum is the place to go. Here are some of our latest questions. Click on the link(s) below to offer your insight:

* How are people handing the differences in reporting on like-kind exchanges created under the new rules of IRS Notice 2000-4
http://www.accountingweb.com/item/30223/101

* A reader is looking for some standard auditor workpapers for payroll accounts and intercompany accounts.
http://www.accountingweb.com/item/30100/101

* Does the transfer of ownership of a Series E savings bond trigger any taxes?
http://www.accountingweb.com/item/30065/101

* Can anyone provide a model chart of accounts for a beauty salon?
http://www.accountingweb.com/item/30053/101

Visit the Q&A Forum and share your ideas! Simply click on the Add Comments option at the bottom of any question to add your response.
http://www.accountingweb.com/help/anyanswers.html

Many thanks to Brian Frederick, Leslie Hardiman, Alex Cudzewicz, April Leilich, Donald Richardson, Bonnie Mann, and Harry Kafka for recent comments and answers to questions.

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