AccountingWEB Weekly News Wrap-up - Issue 72


The AccountingWEB Friday Wrap-Up Newswire - Issue 72

December 8, 2000

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* * This week's newswire is sponsored by Arthur Andersen * *

Arthur Andersen

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

1. Detroit School Principals Get Accounting Education
2. McGladrey Acquires DC Firm
3. QuickBooks Now Available Online
4. Excel Tip: Copy an Entire Worksheet
5. "Power Napping" and Relaxation Tips
6. FASB Changes Stance on Goodwill
7. 401(k): Your Hidden Income Opportunity
8. Great Sites for Holiday Shopping
9. KPMG Sued by Florida Insurance Department
10. Wealth Care Success for Multi-Partner CPA Firms

Spotlight on: Allan Boress, President, Allan Boress & Associates
http://www.accountingweb.com/item/33456/101

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DON'T MISS OUR HOLIDAY QUIZ! TAKE THE QUIZ AND BE ENTERED IN A DRAWING FOR A $500 ON-LINE SHOPPING SPREE AT THE SHARPER IMAGE!
http://www.accountingweb.com/item/32881/101
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Editorial
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AccountingWEB is pleased to announce two special opportunities for our members to fulfill year-end continuing education requirements. Through FMNOnline we are offering an "all you can eat" CPE program - all the online courses you want to take during December for one flat fee of $50.

You can also take online courses through eMind. If you access the e-Mind site through the link provided below, you will receive a 10% discount off the regular eMind price.

If you have any questions about these programs, please feel free to contact us at AccountingWEB, 317-876-7525.

Explore both of these programs at:
http://www.accountingweb.com/cpe

Gail Perry
Managing Editor
mailto:gperry@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, December 12, 2000 / 4:00 - 5:00 Eastern Time
"How to Add $8,000 a Month to Your Practice in 90 Days"
Presenter: KC Truby of Bridge21
Add this session to my Outlook calendar
Sponsor: Mostad & Christensen, Inc.

Thursday, December 14, 2000/ 4:00 - 5:00 Eastern Time
"How to Use Online Tax Organizers in Your Tax Practice"
Presenter: Tim Lenneman of Global Tax Network
Add this session to my Outlook calendar
Sponsor: Global Tax Network

Tuesday, December 19, 2000 / 12:00 - 1:00 Eastern Time
"How the Internet is Changing the Practice of Accounting"
Presenter: Michael Platt of AccountingWEB
Sponsor: TaxACT.com

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

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1. Detroit School Principals Get Accounting Education
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It's back to school time for Detroit public school administrators where school audits have disclosed several cases of embezzlement and mismanagement of funds in schools that haven't been audited in over 12 years.
http://www.accountingweb.com/item/33395/101

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2. McGladrey Acquires DC Firm
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RSM McGladrey, Inc., a national accounting, tax and consulting firm serving mid-sized businesses, has acquired the non-attest (non-CPA) business of Washington D.C.'s Keller Bruner & Company, LLP.
http://www.accountingweb.com/item/33197/101

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3. QuickBooks Now Available Online
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Intuit is making its QuickBooks accounting software available online as a business service. QuickBooks for the Web is designed for "the emerging segment of entrepreneurs who want remote Internet access to simple and easy accounting" and is claimed to be "the easiest accounting software on the Web."
http://www.accountingweb.com/item/33263/101

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Financial Reporting Professionals - Looking for up-to-date electronic research, web-based SEC training and in-depth publications? Check out the most comprehensive and interpretive sources for accounting and SEC matters.
FREE 30-day trial of Accounting Research ManagerTM. Click
Arthur Andersen

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4. Excel Tip: Copy an Entire Worksheet
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Here's a timesaving tip for Excel users who frequently need to copy an entire worksheet (a page within a workbook) of information-such as a list of items for a monthly inventory-from one workbook (Excel file) to another.
http://www.accountingweb.com/item/33461/101

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5. "Power Napping" and Relaxation Tips
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Some say that power napping is the key to success. More and more businesses are recognizing the tremendous payback to their employees when time is allowed for "Power Napping". You too can run and run like the Energizer Bunny!
http://www.accountingweb.com/item/33351/101

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6. FASB Changes Stance on Goodwill
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The Financial Accounting Standards Board (FASB) changed a previous decision about the reporting of goodwill on financial statements. The new position will benefit companies making acquisitions of other companies.
http://www.accountingweb.com/item/33383/101

FREE OFFER


Financial Reporting Professionals - Get FAST answers and interpretations on accounting and SEC matters. Arthur Andersen offers research, training and publication products that provide expert, up-to-date guidance.
FREE 30-day trial of web-based Accounting Research ManagerTM. Find out more!
Arthur Andersen

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7. 401(k): Your Hidden Income Opportunity
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Tom Palka of RIA Technology, Inc., presented an informative workshop in which he described effects of retirement on 401(k) plans, and financial planning within such plans.
http://www.accountingweb.com/item/33359/101

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8. Great Sites for Holiday Shopping
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AccountingWEB continues to scour the net for great timesaving sources for your holiday shopping needs. Shop online and avoid the holiday crowds!
http://www.accountingweb.com/item/32519/101

Did you know that you can get company information such as company profiles, credit reports, trademarks, patents, market research, industry news and more from AccountingWEB? Go to
http://www.accountingweb.com/winstar

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9. KPMG Sued by Florida Insurance Department
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Claiming the Big 5 firm failed to uncover improprieties in the audit of HMO SunStar Health Plan, Inc., the Florida Insurance Department has filed suit against KPMG for $47 million.
http://www.accountingweb.com/item/33403/101

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10. Wealth Care Success for Multi-Partner CPA Firms
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AccountingWEB featured Tony Cord in a discussion about a relatively new kind of service that public accountants are offering their clients.
http://www.accountingweb.com/item/33066/101

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 is one are some of our latest questions. Click on the link(s) below to offer your insight:

* A company owned and renovated property, then sold at a loss to a director who is a beneficiary of company's only shareholder, a discretionary trust. Will the company recognize a capital loss? Will the director incur tax charges?
http://www.accountingweb.com/item/33179/101

* What are accounting firms doing to comply with this OSHA law?
http://www.accountingweb.com/item/32322/101

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 and comments.
http://www.accountingweb.com/help/anyanswers.html

Many thanks to Richard Abel and Ry Garden for recent comments and answers to questions.

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Phone 317-876-7525
http://www.accountingweb.com

AccountingWEB:
"To inform, to enrich, to enlighten, to entertain."


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Upcoming CPE Webinars

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Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.