AccountingWEB Weekly Resource Guide - Issue 32

AccountingWEB Weekly Resource Guide - Issue 32

January 14 - January 18, 2002

RESOURCES FOR ACCOUNTINGWEB MEMBERS

This Resource Guide Brought to You By:

Comshare

and

CAM Commerce

  1. Free Toolkit For Related Party Transactions
  2. Alternatives to Layoffs in Hard Economic Times
  3. Reduce Your Planning & Budgeting Time
  4. Survey Says Executives Want Mixed Training Methods
  5. CPA Business Development Alliance - Free Kit
  6. Excel Tip-Alternate Row Shading Using Conditional Formatting
  7. Why Aren't Audit Reports More Like Movie Reviews?
  8. FASB Forges Ahead on Three New Frontiers
  9. Guidance Issued to Assist Drafters of IRAs, SEPs
  10. From The Archives: Use Outlook to Track Chargeable Hours!
  11. Accrual-to-Cash Excel Spreadsheet Resource
  12. Book Recommendation: Jack: Straight from the Gut, by Jack Welch

QUOTABLE QUOTES

"The people that get on in this world are the people that get up and look for the circumstances that they want; and if they can't find them, they make them." -- George Bernard Shaw

RESOURCES FOR ACCOUNTINGWEB MEMBERS

1. Free Toolkit For Related Party Transactions

The American Institute of Certified Public Accountants (AICPA)has issued guidance on the timely subject of related parties and related-party transactions. Download this free kit today. http://www.accountingweb.com/item/68740

2. Alternatives to Layoffs in Hard Economic Times

There are huge financial costs associated with layoffs including legal fees, severance packages, outplacement expenses, and much more. Find out what you may be able to do if your firm or client's company are having to make these hard choices. http://www.accountingweb.com/item/68589

3. Reduce Your Planning & Budgeting Time

Comshare MPC is a unique, single application that fully integrates budgeting with planning, financial consolidation, reporting, and analysis. Users dramatically reduce their planning/budgeting/reporting times and gain insight into what drives performance. Visit our Web site to schedule a personal online demonstration, or to request an informative white paper from the Aberdeen Group.
http://www.comshare.com/accounting

DAILY TAX TIPS

AccountingWEB has created a unique scrolling "Tax Tips Ticker". Update your staff and clients on ways to reduce their tax burden. To view a demo ticker and/or to order our ticker, go to http://www.accountingweb.com/item/64601 and complete the ORDER FORM. A customer service representative will contact you for billing details.

4. Survey Says Executives Want Mixed Training Methods

A large majority of corporate executives prefer what is now called "blended learning," training delivered by a combination of methods, according to a survey by Provant Vertical Market Solutions. Find out what these Execs had to say. http://www.accountingweb.com/item/68506

5. CPA Business Development Alliance - Free Kit

When small CPA firms were asked what their number one problem was in building their practice, the number one answer was "finding new clients". CAM offers our CPA partners new clients and potentially the most effective marketing program available. We pay our partners to perform on-site training and consulting for new CAM sales, and CAM will even introduce the "primary" regional partners to our existing client base. Get your FREE Information Kit by calling Pam Cardinale toll-free at 888-427-2260 ext. 105; or visit our Web site:
http://www.accountingweb.com/sponsor/cam_rd_011502/html

6. Excel Tip-Alternate Row Shading Using Conditional Formatting

There is an easy way to make your data stand out for others to review. Try this easy tip using Excel's Conditional Formatting feature. http://www.accountingweb.com/item/67431

INDUSTRY PROFILES - Volume Discount Rates

Contact Our Customer Services Department for Volume Discount Rates. Arm yourself with the knowledge you need to advise your clients proactively. Before each client call, prepare yourself with knowledge of how the industry operates, of its market drivers, and of its dynamic mix of suppliers, vendors, and products. Check out the newly added profiles today. Contact our customer services department to inquire about bulk discounts at 317-876-7525 today! http://www.accountingweb.com/firstres/index.html

7. Why Aren't Audit Reports More Like Movie Reviews?

When Roger Ebert reviews a movie, he communicates his opinion in three ways: first a "thumbs up" or "thumbs down"; second, a four-star scale to distinguish the good from the truly terrible movies; and third, a brief narrative describing what he liked and didn't like about each movie. Why can't audit reports be like that? http://www.accountingweb.com/item/67252

8. FASB Forges Ahead on Three New Frontiers

At its January 9, 2002 meeting, following a rash of well-publicized complaints about the slowness of the accounting standard-setting process, the Financial Accounting Standards Board (FASB) decided to forge ahead on three new frontiers. http://www.accountingweb.com/item/68394

9. Guidance Issued to Assist Drafters of IRAs, SEPs

The IRS has provided guidance to drafters of individual retirement arrangements, simplified employee pensions, and SIMPLE IRA plans. The Economic Growth and Tax Relief Reconciliation Act of 2001 made several tax law changes affecting traditional, Roth and SIMPLE IRAs, SEPs (including salary reduction SEPs (SARSEPs)) and SIMPLE IRA plans that took effect on January 1, 2002. http://www.accountingweb.com/item/68307

10. From The Archives: Use Outlook to Track Chargeable Hours!

If you use Microsoft Outlook as your contact management software, here is a great tip to help you with your bottom line and time management. http://www.accountingweb.com/item/34710

FREE MARKETING TIPS

Be sure to sign up for Sommella Market Strategies FREE Marketing Tips Q&A Service. Get the benefit of our years of experience, and sign up to receive Monthly Marketing Tips. From innovative Marketing Plans and Plan Reviews to Personal Planning Sessions for Partners and Principals, Terri Sommella has been pointing the way to success for over 15 years. http://www.accountingweb.com/members/sms/resources.html

11. Accrual-to-Cash Excel Spreadsheet Resource - Members Only

Our thanks to Mr. Jim Blair, CPA, an AccountingWEB member for responding and making his simple Excel template available to all AccountingWEB Resource Guide members. Download this FREE Spreadsheet today. This resource is available to Resource Guide Members only, please see your weekly e-mail copy of the AccountingWEB Resource Guide, Issue 32 for information on how to obtain this FREE resource.

12. Book Recommendation: Jack: Straight from the Gut, by Jack Welch

What comes across most in this autobiography is Welch's passion for business as well as his remarkable directness and intolerance of what he calls "superficial congeniality" -a dislike that would help earn him the nickname "Neutron Jack." In spite of its 496 pages, Jack: Straight from the Gut is a quick read that any student or manager would do well to consider.
http://www.amazon.com/exec/obidos/ASIN/0446528382/accountingweb

ACCOUNTINGWEB Q&A FORUM

Visit our Q&A Forum to post your questions and share your ideas with the members of AccountingWEB! Simply click on the "Add Comments" option at the bottom of any question to add your response and comments. Here are just a few questions that have been posted this recently.

1. A member is looking for a Fixed Asset Seminar being given in the Chicago area in January or February?
http://www.accountingweb.com/item/68833

2. Can anyone tell me a good resource for interpreting GASB
33 and the specific related accounting transactions?
http://www.accountingweb.com/item/67419

3. A member needs assistance on the depreciation of consumer
durable goods. Do I simply set up the items and depreciate
them and don't take into account when the items are paid prior to the 3 year life, thus no gain / loss?
http://www.accountingweb.com/item/68862

MEMBER INFORMATION

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Update your membership information by visiting the Profile
Page and selecting the "My Services" tab.
http://www.accountingweb.com/profile

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Phone 1-317-876-7525
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Upcoming CPE Webinars

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Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.