2001 - Page 28 of 35 - Journal of Accountancy

The magazines

March 1, 2001

Government Accounting And Auditing

GASB issues exposure draft to clarify Statement no. 34 ( www.rutgers.edu/Accounting/raw/gasb/news/nr010801.html ). Comments due by March 16. FASAB seeks comments on plan to omit stewardship category from federal reports ( www.financenet.gov/financenet/fed/fasab/dec_00_jan_01.html ). Comments due by March 15.

March 1, 2001

gla_ex21

Exhibit 21

March 1, 2001

gla_ex19

Exhibit 19

March 1, 2001

About the Recalculation Option

I believe the article, “How to Maximize IRA Accumulations” ( JofA, Dec.00, page 32), contained a number of inaccuracies. The most significant was that a CPA should not recommend recalculation when figuring the client’s mandatory IRA distribution. The article states that “recalculation is not an option for non-spouse beneficiaries.” This

March 1, 2001

gla_ex26

Exhibit 26

March 1, 2001

‘Tis the Season.

March 1, 2001

boes_ex4

Exhibit 4: Hidden Tax—Case 3 The hidden tax is 80% of the base tax. *Base tax represents tax due if there were no hidden taxes.

March 1, 2001

gla_ex10

Exhibit 10

March 1, 2001

International

IASC releases study on accounting by mining, petroleum industries ( www.iasc.org.uk/docs/extr/ip/iss_sum.pdf ). Comments due by June 30. Outgoing IASC board recommends future rule-making priorities ( www.iasc.org.uk/docs/bd_stmt.pdf ).

March 1, 2001

boes_ex3

Exhibit 3: Hidden Tax—Case 2 The hidden tax is 27.7% of the base tax. *Base tax represents tax due if there were no hidden taxes.

March 1, 2001

gla_ex28

Exhibit 28

March 1, 2001

gla_ex17

Exhibit 17

March 1, 2001

Nine Ways to Make Your Firm More Exciting

EXECUTIVE SUMMARY THE EFFORT TO CREATE EXCITEMENT rewards modest expenditure with a generous payoff, fostering a pleasant, energetic workplace and making clients look forward to your visits. An exciting business will grow more than one that isn’t. SEMINARS, WORKSHOPS AND CONFERENCES are an important opportunity to learn and network. Motivational

February 1, 2001

oneil_ex1

Exhibit 1: Sample Vehicle Illustration

February 1, 2001

oneil_ex6

Exhibit 6: Spreadsheet Sensitivity Analysis

February 1, 2001

Technology

Research Shows High Failure Rate on IT Projects A September survey by the Gartner Group, a technology consulting company, revealed that approximately 40% of information technology (IT) projects do not produce their intended results—an indication of how badly some companies need the consulting services of a tech-savvy CPA. Gartner’s prediction