AccountingWEB Weekly Resource Guide - Issue 56

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SUBSCRIBER RESOURCES

  1. Executive Bonus Fall Short of Traditional Mark
  2. Marketing Essentials And Time Wasters "PS"
  3. Jobseekers Guide on How to Assess a Firm's Ethics "PS"
  4. Survey - Adaptability Key to Getting Ahead at Work
  5. Hot Dogs, Peanuts, Shredded Documents: Andersen Night at The Ball Park
  6. IRS Proposes to Tax Split-Dollar Life Insurance Plans
  7. GAO Announces New Compliance Date For Independence Rules
  8. Senate Report: Enron's Board Knew Accounting Pushed Limits
  9. Why Professionals Don't Sell -- And What to do About it! "PS"
  10. Book Recommendation: Accountant's Guide To Fraud Detection and Control
  11. From The Archives: Perform Fast Calculations in Excel "PS"
  12. A New Look For AccountingWEB

Plus: The MarketPlace and Q&A Forum

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SUBSCRIBER RESOURCES

1. Executive Bonus Fall Short of Traditional Mark

With an economic recovery on the horizon, many U.S. companies are beginning to retool their executive compensation plans to reflect a new reality, according to Hewitt Associates, a global outsourcing and consulting firm.

2. Marketing Essentials And Time Wasters Available to Premium Subscribers only.  Click on the lock to find out more.

Here, we provide you with some helpful tips on getting
the most out of your marketing budget.

LAMBERS REVIEW COURSES

CPA, CMA, CFM, CIA & EA

Home and Classroom Study. The Lambers teaching method will instill in you the principles and concepts in each topic area that will be crucial to your success. This teaching method is conveyed in our classrooms as well as in our self-study programs. Many of the world's largest business organizations have included Lambers professional development programs in their training schedules. Find out more today!

3. Jobseekers Guide on How to Assess a Firm's Ethics Available to Premium Subscribers only.  Click on the lock to find out more.

Whether seeking a career in public accounting, private industry or as a securities analyst, many job-seekers say the recent wave of accounting scandals has convinced them it's more important than ever to get a reading on the ethics of the hiring company or firm.

4. Survey - Adaptability Key to Getting Ahead at Work

An unwillingness to try new things could harm your career
prospects, a new survey suggests.

5. Hot Dogs, Peanuts, Shredded Documents: Andersen Night at The Ball Park

In what may strike some as a bizarre promotion, the San Diego Padres' AAA affiliate, the Portland (OR) Beavers, are warming up for an Arthur Andersen Appreciation Night," scheduled for next Thursday, July 18.

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6. IRS Proposes to Tax Split-Dollar Life Insurance Plans

The IRS and the U.S. Treasury Department released proposed regulations last week that clarify the tax rules relating to split-dollar life insurance arrangements.

7. GAO Announces New Compliance Date For Independence Rules

Accountants subject to the new auditor independence rules issued by the General Accounting Office (GAO) earlier this year have been given a small reprieve. These rules apply to audits of government entities, government contractors, and federally funded organizations.

Don’t Plan Your Recruiting Season Without The

AccountingWEB Student Survey 2002

A comprehensive survey concluded in May by AccountingWEB, shows that accounting students are still very optimistic about the accounting profession, and shows that traditional values, integrity and honesty are paramount in their decisions of which firms to work for. Order your copy of the survey for just $99.

8. Senate Report: Enron's Board Knew Accounting Pushed Limits

On July 7, 2002, the day before the Senate took up the accounting reform bill, the Subcommittee on Investigations released a report finding that Enron's directors failed to perform their duties in several important respects.

9. Why Professionals Don't Sell -- And What to do About it! Available to Premium Subscribers only.  Click on the lock to find out more.

In today’s economy, most professionals don’t even think about selling; the work just seems to come in. Will it always be this way? Let’s take a look at the FIVE main reasons people who work for professional service firms don’t sell and what you can do about it...

10. Book Recommendation: Accountant's Guide To Fraud Detection and Control, by Howard R. Davia

The US Chamber of Commerce estimates that the cost of employee and management fraud exceeds $100 billion annually. In most cases, fraud is discovered completely by accident, the perpetrator does not get convicted, and the losses are not recovered. The authors estimate
that only about 20% of all fraud gets discovered at all. Given these circumstances, a business must protect itself against fraud occurring in its organization. Order Now!

11. From The Archives: Perform Fast Calculations in Excel Available to Premium Subscribers only.  Click on the lock to find out more.

If you want to find the largest value in a series of cells, you can create a formula to do that, but here is an easier way to get the same result.

12. A New Look For AccountingWEB

This week, AccountingWEB celebrates its third year anniversary providing service to the Accounting profession. We have made a few changes to the site, visit us today and explore the new design.

The MarketPlace

MarketPlace Home Page

Student Survey

Andersen/Enron Survey

Coaching Services

Industry Profiles

Premium Subscription

Q&A Forum

Here is a sample of the questions that have been posted over
the past week. Check out the questions below and see if you can lend a hand or visit the Q&A Forum Page for the most recent questions/answers posted by our subscribers.

1. Am requesting a recommendation on how to record a specific type of Note Payable entry. Typically, the entry debits cash and credits a liability account. Since cash is not the asset recipient of this transaction, can someone please suggest what the other Asset account should be?

2. How should the repayment of a finance lease be classified
in terms of a cash flow statement? On one hand this is investing activity because the money are paid to eventually purchase the asset, on the other hand there is an obligation, which is repaid. This is in essence financing activity.

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