Featured Online Content for August 2011

BY MEGAN PINKSTON

FEATURED VIDEO

 

Why the iPad Is a Game Changer

Debbie Lambert, CPA, managing partner of Johnson Lambert & Co. LLP, explains why she thinks Apple’s iPad, when combined with the advantages of moving accounting software to the cloud, will change the way CPAs do business. Lambert says the iPad is emblematic of the proliferation of tech devices that are moving CPAs away from the ubiquitous laptop. Click here to view the video.

 

Also on journalofaccountancy.com, read about cloud computing’s potential benefits and risks, client portals and smartphone applications for CPAs.

 

 

 

 

ONLINE EXTRAS

 

New ClientsARTICLE

Seeking New Clients Rises to Top of CPA Firm Issues

The AICPA’s 2011 PCPS CPA Firm Top Issues Survey found several critical concerns, with the struggle to bring in new clients topping the list of issues among firms with two to 20 professionals. Meanwhile, sole practitioners listed everchanging and complicated tax laws as their No. 1 concern.

 

 

BONUS CONTENT

GAAP Treatment of Asset-Based Financing Arrangements

After reading “Asset-Based Financing Basics,” follow step-bystep examples on journalofaccountancy.com, including footnote disclosures, for GAAP treatment of factoring agreements, lockboxes and acceleration clauses.

 

New ClientsVIDEO

Revamped Internal Control Framework

Bill Schneider, CPA, an AICPA board member and director of accounting for AT&T, gives a quick overview of the work of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) to update the internal control framework and explains what the project might mean for CPAs’ day-to-day work.

 

 

 

SOCIAL MEDIA TIP

 

Find the JofA on YouTube

 

YouTubeThe JofA is now on YouTube! To find our new channel, visit youtube.com/user/JournalofAccountancy or scan the QR code to the left with your smartphone. You can also visit youtube.com and search for “Journal of Accountancy” in the search bar at the top of the page.

 

The channel hosts short, practical videos on a variety of topics of interest to CPAs and financial professionals. It is organized by topical playlists, including tax, technology, firm management and professional development. To access these playlists, click “Playlists” at the top of the channel—they will display in the right column of the page.

 

Beneath each video is a “Share” button, which allows you to share the video on various social media sites, such as Facebook and Twitter, or email a link to the video. There’s also an option to subscribe to the JofA’s channel—click the yellow “Subscribe” button at the top of the channel, and you’ll be notified when a new video is uploaded.

 

For more tips and how-to’s, visit facebook.com/JournalofAccountancy and click the “Social Media Tips” link in the left column.

 

—Megan Pinkston (mpinkston@aicpa.org) is the JofA’s senior online editor.

 

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SPONSORED REPORT

Keeping client information safe in an age of scams and security threats

A look at the Dirty Dozen tax scams and ways to protect taxpayer information.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: IRS enforcement, a hot job, and audit value

The IRS’s 2016 Data Book, a “hot job” of particular interest at this time of year, and insight into how executive and audit committees view the insights from financial statement audits received attention recently. See how much you know with this short quiz.