February 2007

Business & Industry / International

Found in Translation

It’s a small world. Globalization is now a reality for U.S. companies of all sizes—and CPAs need to understand how to interpret financial statements from foreign countries.

Worth Repeating

A United Profession, Takin’ Care of Business

By working together and focusing on core values and the mission of serving the public interest, CPAs can achieve something great, says the AICPA’s board chair.

Technology

What’s Hot, Cool and Very Useful

This article presents a broad collection of the latest hardware and software—plus strategy tips to keep your computer safe, clean and effective.

Personal Financial Planning / Tax

To Roth or Not to Roth?

As more employers begin offering Roth 401(k) retirement saving plans as an alternative to traditional 401(k) plans, CPAs must help clients look ahead to their retirement needs and resources and chart a path.

Business & Industry / Business Valuation

Valuing Preferred Stock

Preferred stock, once the province of only large companies, is now a feature of small to midsize privately held companies. CPA/ABVs and other valuation analysts who encounter preferred stock less often than common stock will learn useful information about proper methods for valuing it in this article.

Business & Industry / Financial Reporting

Changes in Accounting for Changes

A recent FASB pronouncement provides companies with new rules for dealing with accounting changes and error corrections that arise in the financial reporting process. Statement no. 154, Accounting Changes and Error Corrections, should result in increased consistency and comparability in handling changes.