AccountingWEB Weekly News Wrap-up - Issue 81


The AccountingWEB Friday Wrap-Up Newswire - Issue 81

February 9, 2001

Members Logon to http://www.accountingweb.com for full access to all our resources.

Don't know your Logon Membership Details?

Go to http://www.accountingweb.com/forgotten_login.html


Visit Our Sponsor: Intuit
http://www.intuitmarket.com/proadvisor

AccountingWEB’s FEATURED SPONSOR


Become a QuickBooks ProAdvisor! Small businesses seek accounting professionals with QuickBooks knowledge who can setup and support their business, monitor payroll, etc. Join the QuickBooks ProAdvisors Program and strengthen your current client relationships while attracting new business. You’ll get the tools and resources you need to support QuickBooks users: a copy of QuickBooks Pro, priority technical support, Resource and Training Guides, and more! Visit http://www.intuitmarket.com/proadvisor or call 800-498-6404 today.


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

1. Controversial "Cognitor" Name Dropped by AICPA
2. KPMG Consulting Enters Uncertain Market
3. Motivating Partners and Staff to Marketing Action
4. Hot ASPs – Accounting and Communications Applications
5. IRS's Digital Daily Bids Farewell
6. Password-Stealing "Trojan" Virus Plagues AOL Users
7. Tax Tip: Report Mutual Fund Distributions on 1040A
8. Personal Checks Going Electronic?
9. Trashing the Timesheet: A Declaration of Independence
10.Constant Marketing is Key to a Healthy Business

Editorial:

Accountants everywhere who are concerned about the marketability of the word "Cognitor" can breathe easier this week as the AICPA has rejected the term "Cognitor" as the moniker for the new global designation for financial experts…

Meanwhile, KPMG Consulting has officially gone public, although some of the wind was removed from the sails of this venture as the stock flotation occurred just one day after Cisco Systems, which owns 20% of KMPG Consulting, announced less than splendid earnings. Nevertheless, the first day IPO saw shares closing up more than 30% over the initial asking price.

And in tax news, the IRS's beloved Digital Daily, the Web site that made Internet users everywhere think that perhaps tax agents really do have feelings, will be nothing but a memory once the site is upgraded and modernized for the new millennium.

Gail Perry
Managing Editor
mailto:gperry@accountingweb.com

* * * * * * * * * * * * * * * * * * * *
1. Controversial "Cognitor" Name Dropped by AICPA
* * * * * * * * * * * * * * * * * * * *
The AICPA has decided not to use the name "Cognitor" as the designation for the new breed of global financial expert. So what's next for this designation?
http://www.accountingweb.com/item/37916/101

* * * * * * * * * * * * * * * * * * * *
2. KPMG Consulting Enters Uncertain Market
* * * * * * * * * * * * * * * * * * * *
In a much-anticipated IPO, shares of KMPG Consulting hit the market running on Thursday.
http://www.accountingweb.com/item/38136/101

* * * * * * * * * * * * * * * * * * * *
3. Motivating Partners and Staff to Marketing Action
* * * * * * * * * * * * * * * * * * * *
Allan Boress presided over a lively workshop on how marketing can become part of the daily lives of accounting firm members everywhere. Read more on how to motivate your staff to marketing action.
http://www.accountingweb.com/item/37648/101

AccountingWEB's Special Feature - Free Pizza and Doughnuts!


Make sure you register your firm for AccountingWEB's "Free Pizza and Doughnuts" Contest! Go to:
http://www.accountingweb.com/item/36163/101 and enter today!

* * * * * * * * * * * * * * * * * * * *
4. Hot ASPs – Accounting and Communications Applications
* * * * * * * * * * * * * * * * * * * *
A recent survey found that communications and financial/accounting offerings remain the most common types of applications being accessed from application service providers. How will they fit in your future?
http://www.accountingweb.com/item/37798/101

* * * * * * * * * * * * * * * * * * * *
5. IRS's Digital Daily Bids Farewell
* * * * * * * * * * * * * * * * * * * *
The staff of the Digital Daily has some final words for those of you who have appreciated all the work they did for the past five years. Read this heartfelt farewell.
http://www.accountingweb.com/item/37670/101

AccountingWEB's Tax Feature


Make sure you visit the new TaxZONE and don't miss AccountingWEB's digest of tax tips throughout this tax season.
http://www.accountingweb.com//tax

* * * * * * * * * * * * * * * * * * * *
6. Password-Stealing "Trojan" Virus Plagues AOL Users
* * * * * * * * * * * * * * * * * * * *
America Online members are getting an extra dose of that community atmosphere this week as a virus grabs some of their most secret information.
http://www.accountingweb.com/item/37565/101

* * * * * * * * * * * * * * * * * * * *
7. Tax Tip: Report Mutual Fund Distributions on 1040A
* * * * * * * * * * * * * * * * * * * *
If you had distributions from a mutual fund in previous years, you were required to file Form 1040. The rules are changing - see how this will affect you and your clients.
http://www.accountingweb.com/item/37848/101

* * * * * * * * * * * * * * * * * * * *
8. Personal Checks Going Electronic?
* * * * * * * * * * * * * * * * * * * *
We've heard about the future of on-line banking and electronic funds transfers for years, but is there a new chapter in this ongoing saga?
http://www.accountingweb.com/item/37477/101

SPONSOR’S SPECIAL OFFER


Put Your QuickBooks Knowledge to Use! Become a QuickBooks ProAdvisor and strengthen your current client relationships while attracting new business. With the QuickBooks ProAdvisors Program, you’ll get the tools and resources you need to support QuickBooks users: A copy of QuickBooks Pro, priority technical support, Resource and Training Guides, and more! Small businesses are increasingly seeking accounting professionals with QuickBooks expertise, so visit http://www.intuitmarket.com/proadvisor or call 800-498-6404 today.


Find out how to reach the tens of thousands of AccountingWEB members. See the "How to Advertise" section of AccountingWEB today!

* * * * * * * * * * * * * * * * * * * *
9. Trashing the Timesheet: A Declaration of Independence
* * * * * * * * * * * * * * * * * * * *
The national spokesman for Value Pricing, Ron Baker, presented a workshop in which he explained his theories and answered questions about how value pricing can really work.
http://www.accountingweb.com/item/37113/101

* * * * * * * * * * * * * * * * * * * *
10. Constant Marketing is Key to a Healthy Business
* * * * * * * * * * * * * * * * * * * *
Marketing is not just something you do when you're ready to think about adding to your business. Instead, it is a state of mind, an ongoing process, and the key to future success.
http://www.accountingweb.com/item/37531/101

* * * * * * * * * * * * * * * * * * * * *
AccountingWEB's Online Workshop Schedule
* * * * * * * * * * * * * * * * * * * * *

Be sure to mark your calendar for the following free workshops. All workshops are from 4:00 - 5:00 Eastern Standard Time

Tuesday, February 13, 2001
"When Accounting Firms Enter the World of Group Insurance"
Presenter: Herbert Lichtman, President of GroupWorks

Thursday, February 15, 2001
"Personal Planning and Coaching"
Presenter: Terri Sommella, President of Sommella Market Strategies
Sponsored by: Intacct

Are you interested in presenting an AccountingWEB workshop? If so, please contact us.
Gail A. Perry
Managing Editor
mailto:gperry@accountingweb.com

* * * * * * * * * * * * * * * * * * * *
Subscription Information
========================
To subscribe to this Newswire, send a message to
subscribe@accountingweb.com
and in the BODY of the message type:
SUBSCRIBE ACCOUNTINGWEB-US-NEWSWIRE
To remove yourself from this mailing list, send a message to
unsubscribe@accountingweb.com
and in the body of the message type:
UNSUBSCRIBE ACCOUNTINGWEB-US-NEWSWIRE


Copyright (C) 2001 AccountingWEB, Inc. All rights reserved.

AccountingWEB Inc, P.O. Box 68748, Indianapolis, IN 46268-0748
Phone 317-876-7525
http://www.accountingweb.com

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


Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.