Featured Online Content for August 2010


FEATURED VIDEO

 

TweedieIASB Chairman Sir David Tweedie

In a video interview with the JofA, Sir David Tweedie shares thoughts on how the IASB and FASB can reconcile accounting for financial instruments. Tweedie, who is nearing the end of his term as chairman, also discusses how his successor’s job could be different.

 

Also on journalofaccountancy.com, read details and reaction to the SEC’s IFRS work plan, find an IFRS for SMEs-U.S. GAAP comparison tool, and find full results of the AICPA’s recent IFRS Readiness Survey, which found nearly one in four CPAs expect to need “advanced” knowledge of IFRS in coming years.

 

 

ONLINE EXTRAS

 

WellsVIDEO

Fraud-Fighting Tips

Joseph T. Wells, CPA, chairman of the Association of Certified Fraud Examiners, highlights effective strategies for preventing workplace fraud.

 

 

 

 

TechnologyARTICLE

Data Security Is Top Concern for CPAs

The AICPA’s 21st annual Top Technology Initiatives Survey found that CPAs see data security as the No. 1 technology concern for the eighth consecutive year and say their clients are starting to ask them more IT-related questions during audits.

 

 

 

Judith O'De''AUDIO

Separate Standards for Private Companies

FASB’s Private Company Financial Reporting Committee Chairman Judith O’Dell shares insights on how separate standards could help private companies. She is a participating observer on a blue-ribbon panel on standard setting for private companies.

 

 

 

SOCIAL MEDIA TIP

 

FacebookHow to “Like” a Facebook Page

Many businesses, accounting firms and state societies have created Facebook pages to keep people abreast of what’s happening in their organizations and to share news. Search through pages by visiting Facebook’s Page Directory at facebook.com/pages and typing in keywords such as “Journal of Accountancy” or “CPA Society.” The search can be done even if you do not have a Facebook account, but you must have an account to “like” a page. (This was previously known as “Become a Fan.”)

 

Once you find a page of interest, you can “like” it immediately by clicking on the word “Like” to the right of the image, or do more research by clicking on the page’s photo or link. Then you can click the “Like” button located on the top-center of the page. Once you “like” a page, its posts will immediately start appearing in your news feed just as your friends’ posts do, and it will be noted on your wall that you “like” the page. The page also will be listed under the “Pages” section located at the bottom of the “Info” tab of your profile. Page administrators cannot see the profiles of their fans—only names and profile photos—and do not receive a news feed about their fans.

 

For more social media tips, visit facebook.com/JournalofAccountancy and click the “Tips” tab.

 

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SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.