April 1999 - Journal of Accountancy

EXECUTIVE SUMMARY BANKRUPTCY LAW HAS SOME UNPREDICTABLE consequences. If a customer has physical possession of its supplier’s property, ownership may be debated. Conversely, a supplier may reclaim some goods it has already shipped. If a supplier files a formal proof of claim, it may waive other rights. THE COURT MAY

While technical innovation continues at breakneck speed, wise computer users would do well to pause before hurrying to buy the latest computer, software or gadget that hits the market. Some of the new gear is essential, but many new products add little or nothing to CPAs’ productivity. The goal of

EXECUTIVE SUMMARY AS PROFESSIONALS WHO KNOW THEIR WAY through a financial tangle, CPAs can be invaluable in a fraud investigation-if they know the legal basics. A CPA SHOULD ADVISE THE CLIENT to hire a lawyer if a fraud is suspected specifically to establish privilege of information. He or she should

EXECUTIVE SUMMARY MANY SOLO CPAs ARE CONSIDERING some very important questions: Will sole proprietor practices operate as part of special group or affiliated entities? Must solo CPAs merge to survive? WHAT CPAs WILL BE DOING TO MAKE a living in the year 2009 will be quite different from what they

EXECUTIVE SUMMARY ELDERCARE IS A SERVICE OPPORTUNITY FOR CPAs. It allows them to provide support to the elderly and their families, with particular emphasis on helping older people who can no longer completely care for themselves remain independent and live on their own. GERONTOLOGISTS OFTEN DIVIDE THE ELDERLY INTO three

EXECUTIVE SUMMARY WHAT NEW SKILLS DO YOU NEED if the demands of your job change, you’re seeking a promotion or you want to shift your career to a different area of accounting? THE ANSWERS ARE IN CAT— the AICPA’s Competency Assessment Tool. CAT is a software program scheduled to be

EXECUTIVE SUMMARY ONE OF EVERY THREE NEW CARS ON THE ROAD is leased, and consumers are confronted frequently with the decision of whether to buy or lease their vehicles. CPAs are in a good position to use their assurance skills to help consumers make this decision, offering advice on the

EXECUTIVE SUMMARY MOST STATES HAVE ADOPTED THE 150-HOUR requirement. But as the new rules take effect, firms may notice unintended effects on recruitment and other firm management issues. FLORIDA WAS THE FIRST STATE TO ADOPT the 150-hour rule and consequently makes a good case study for other states. MANY STUDENTS