By The Numbers

BY THEORY OF ACCOUNTING AND CONTROL

Largest Firms Grow

As a group, the 100 largest independent public accounting firms experienced revenue growth for the third straight year. In 1998, the firms (ranked by net revenue for the most recent fiscal year), generated $24.8 billion in net revenue, 20.7% more than in 1997. Ninety of the 100 firms had revenue growth: 58 of them grew by double-digit margins.


Source: Strafford Publications, Inc., Public Accounting Report, Atlanta.



FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.