October 1997 - Journal of Accountancy

EXECUTIVE SUMMARY IN THE NEXT 20 YEARS, EXECUTORS AND trustees will be responsible for managing the transfer of more than $4.8 trillion in wealth from one generation to the next. With more individuals being named as executors and trustees, many are turning to CPAs for help in carrying out their

EXECUTIVE SUMMARY ONE CPA who works with two of the worlds foremost performing arts companies has learned that financial considerations often must take a backseat in an NPOs quest to achieve its mission. AS THE DIRECTOR of the City Center of Music and Drama, the organization that administers the New

EXECUTIVE SUMMARY TWO ORGANIZATIONS HAVE MADE changes to improve the information clients receive when they are considering the purchase of life insurance. The National Association of Insurance Commissioners adopted a regulation that mandates what must be included in an insurance illustration. The American Council of Life Insurance formed a self-regulatory

EXECUTIVE SUMMARY TWO CPAs HAVE INTRODUCED advanced technology, high standards and professional activism to their six-person firm in order to expand the horizons of the firm and their clients. THE PARTNERS OF Pielech & Pielech upgrade their technology regularly, make sure staff members know how to use it and encourage

EXECUTIVE SUMMARY UNTIL RECENTLY, the major applications of computers have been relatively limited to storing information, calculating data, producing reports and preparing tax returns. TODAY, THE ROLE OF COMPUTERS is expanding quickly into the communications arena, highlighting the need for CPAs to expand their vision and skills in the use

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EXECUTIVE SUMMARY VERY FEW CPAs ARE EXTROVERTED, “people” persons. But to be a successful CPA today you have to go out and sell yourself and your business to clients and prospective clients. YOU CANT BECOME extroverted overnight. But by following some tips, little by little you can overcome shyness about

EXECUTIVE SUMMARY CORPORATE ACCOUNTING departments must overcome the reluctance on the part of others within their companies to make changes to established procedures. Such changes—often accompanying the installation of new accounting software—can help cut labor costs, speed monthly closings and help companies become more profitable. IMPROVEMENTS CAN BE MADE IN