Journal of Accountancy Large Logo
November 2007
Business Valuation / Financial Reporting
FASB Statement no. 157 specifies new factors to consider when measuring fair values that are already required in GAAP. The authors explain some of the changes caused by the new standard and the uniformity and consistency it brings to fair value measurements.
Professional Issues
New AICPA Chairman Randy Fletchall says he will champion the profession’s role
as an influential voice on social and economic policy and will aim to further unite CPAs. But, Fletchall says, the profession also needs to focus on its greatest need: attracting and retaining top talent.
Business & Industry / In Practice
Explore practical implications of findings from the best of management accounting research.
Business Valuation
Many business owners could substantially increase their personal wealth by utilizing some relatively simple value management tools and techniques. CPA/ABVs and other valuation professionals can help business clients stay focused on long-term value creation.
Continuing Professional Education
You’ve observed CPE discussion leaders and think you could wield a laser pointer with the best of them. After all, you’ve built up some expertise yourself. Here’s how to get in front of a group of bright CPAs and impart that knowledge in a clear and memorable way.
Business & Industry / Financial Reporting
Gift card sales are an increasingly important part of the retail trade, but so far no consensus has emerged on how to record these transactions. This article discusses the issues and provides insights into the possible implications of various accounting treatments.
Risk Management / Technology
The best defense against a social engineering attack is a good offense, and that means putting an often overlooked player—the average employee—through some drills. Consider these tips for testing the strength of information security procedures and the resolve of the employees who implement those policies.
Software
Financial analysis software can help you take your consulting work to a more sophisticated and profitable level. This article examines the leading software packages—itemizing what they can and can’t do.

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