Business & Industry / Financial Reporting / Risk Management
Hedging transactions play an integral part in many companies’ risk management activities. FASB Statement no. 133 changes the previous accounting definition of a derivative instrument. CPAs and finance executives need a blend of accounting and financial analysis skills to assess the complex statement and apply its requirements.
Business & Industry / Employee Benefits
Small employers facing higher insurance premiums can use a variety of means to provide benefits to themselves and their employees as an alternative to eliminating coverage. Substantial tax savings under IRC section 125 lets both key and non-key employees enjoy several tax-free benefits.
Financial Reporting / Risk Management
Technology Workshop
If you’re thinking of launching a Web site to handle retail trade, consider constructing it yourself with off-the-shelf software.
Tax
CPAs need to be aware of the additional outlays their clients face when hidden taxes come into play. With proper planning, clients may be able to avoid phase-outs, the alternative minimum tax and other provisions that can unexpectedly increase their tax liability.
For the Practicing Auditor
For the Practicing Auditor
General Interest
Auditing / Fraud
Practice Management
The effort to create a lively office culture rewards modest expenditure with a big payoff. It fosters a pleasant, energetic workplace and makes clients look forward to your visits. This article shares some methods that apply to any type of business—yours or your clients’.
Professional Issues
The format and administration of the Uniform CPA Examination have been virtually unchanged for decades. A new exam now in development will be computer-delivered and will test candidates’ skills in professional research as well as their ability to use technology to solve problems.