AccountingWEB Weekly News Wrap-Up - Issue 87


AccountingWEB Weekly News Wrap-Up - Issue 87

March 23, 2001


Visit Our Sponsor: Andersen
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**LATEST NEWS***LATEST NEWS***LATEST NEWS**

1. "Mysterious" Credit Rating System Now Available to Consumers
2. Tax Tip: Roth IRAs
3. NYSSCPA Grapples with H&R Block Over Ad Campaign
4. How Does Your Firm Compare?
5. SEC: Bloodthirsty or Just Doing Its Job?
6. Next Generation Accountant: Strategists of the Future
7. IRS Auditing More Returns Than it Admits
8. Internet Tip: How Current is That Web Site?
9. Benefits 101: What Do Today's Recruits Want?
10.Illinois CPAs Give "Thumbs Down" to XYZ Designation

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AccountingWEB Announces IndustryZONE, a New Industry Resource Center for Members - http://www.accountingweb.com/industry

To assist firms and businesses as they continue to specialize in industry niche areas, AccountingWEB is pleased to launch its newest service - the IndustryZONE Resource Center. Whether you are a public accountant serving a certain industry, or a controller in business, the IndustryZONE Resource Center can help.

Visit our site to find all of the latest news, industry profiles, occupational outlooks, relevant links, company information and reference publications that you need to stay on top of your industry.

IndustryZONE Resource Centers are now available on AccountingWEB for the following industries: Automobile Dealerships, Banking, Construction, Healthcare, Law Firms, Manufacturing, Real Estate, Retail, and State & Local Governments.

Visit AccountingWEB's IndustryZONE Resource Center today and access the latest resources you'll need to be successful!

http://www.accountingweb.com/industry

Michael Platt
CEO
mailto:mplatt@accountingweb.com

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1. "Mysterious" Credit Rating System Now Available to Consumers
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No longer a secret, the Fair Isaac credit rating system - the system used by lenders everywhere - is now available to consumers. Find out exactly what items factor into your credit rating.
http://www.accountingweb.com/item/41637/101

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2. Tax Tip: Roth IRAs
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If you meet the requirements for a Roth IRA, remember that it's not too late to fund your Roth IRA for 2000.
http://www.accountingweb.com/item/41755/101

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3. NYSSCPA Grapples with H&R Block Over Ad Campaign
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The New York CPA Society is accusing H&R Block of running ads that are "deceptive and misleading." What do you think?
http://www.accountingweb.com/item/41594/101

AccountingWEB Special Feature


AccountingWEB has recently teamed up with MicroMash to deliver quality CPE, CLE, and GAO training to our members. Visit
http://www.accountingweb.com/cpe/partners.html

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4. How Does Your Firm Compare?
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Take a look at the national statistics for public accounting firms and see how your firm stacks up when compared to the national averages.
http://www.accountingweb.com/item/41280/101

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5. SEC: Bloodthirsty or Just Doing Its Job?
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The SEC has decided to pull out the stops this spring and nearly quadruple the number of financial statements it usually examines. Concerns about reporting of revenue recognition are behind this massive effort.
http://www.accountingweb.com/item/41274/101

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6. Next Generation Accountant: Strategists of the Future
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Paul McDonald, Executive Director of RHI Management Resources, presented a workshop in which he shared his ideas about the future role accountants will play as advisors and consultants.
http://www.accountingweb.com/item/39164/101

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7. IRS Auditing More Returns Than it Admits
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There's auditing, and then there's auditing. What constitutes an audit seems to depend on how the IRS wants itself perceived.
http://www.accountingweb.com/item/41719/101

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8. Internet Tip: How Current is That Web Site?
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The information on a particular web site may look good, but is it up-to-date? Here's a quick tool you can use to determine when a Web page was last updated.
http://www.accountingweb.com/item/41241/101

AccountingWEB's Featured Sponsor's Product


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FREE 30-day trial of web-based Accounting Research ManagerTM.
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9. Benefits 101: What Do Today's Recruits Want?
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Accenture has just released a study in which nearly 500 senior executives explained what benefits they need to offer if they want to recruit and retain workers.
http://www.accountingweb.com/item/41793/101

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10. Illinois CPAs Give "Thumbs Down" to XYZ Designation
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The Board of Directors of the Illinois CPA Society has voted unanimously to oppose the AICPA's development of and investment in the controversial XYZ credential.
http://www.accountingweb.com/item/41859/101

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AccountingWEB's Workshop Schedule
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Be sure to mark your calendar for the following free workshop.
The workshop is from 4:00 - 5:00 Eastern Standard Time
http://www.accountingweb.com/workshop

Tuesday, March 27, 2001

"Outsourcing the Practice Development Function"
Presented by Jeff Pawlow, CEO, The Growth Partnership
http://www.accountingweb.com/item/38831/101
Sponsored By: Intacct
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Are you interested in presenting an AccountingWEB workshop? If so, please contact us.
Gail A. Perry
Managing Editor
mailto:gperry@accountingweb.com

AccountingWEB's Featured Resource


Industry Profiles will help you with everything from Business Valuations to Audits to Sales & Marketing Call Preparation.
At just $99, these profiles are a great value!
http://www.accountingweb.com/firstres/index.html

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

Whether you have questions on tax- or accounting-related items, software, or need to 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 and feedback or to see what others recommend:

* Can a home builder who builds a home, lives in it until it sells, then reinvests the proceeds in a new home building project take advantage of any of the capital gain tax provisions?
http://www.accountingweb.com/item/41291/101

* What potential pitfalls exist with regard to the Family Owned Business Interest deduction for valuation purposes in estate tax?
http://www.accountingweb.com/item/41365/101

* Can anyone offer advice for changing the cell that is designated as the last active cell in an Excel spreadsheet?
http://www.accountingweb.com/item/41421/101

* A QuickBooks user is finding that undeposited funds are appearing on the profit and loss statement as a double entry. Any suggestions?
http://www.accountingweb.com/item/41632/101

* Can anyone recommend a Web site that offers searchable access to topics covered in U.S. Tax Court archived cases?
http://www.accountingweb.com/item/41775/101

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 Cindi West, Harry Kafka, Jim May, Elizabeth Touw, Jeffrey Foster, Pat Curran, Thomas Jos. Lynch, and Len Steenkamp, for recent comments and answers to questions.

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Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.