redentialing has always been an essential way for professionals to distinguish themselves and highlight their qualifications in a particular field. This article focuses on the Accredited in Business Valuation (ABV) credential, administered by the AICPA, and describes its charter, its underpinnings and its evolution as the accounting profession goes through
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Pick from a Multiple-Choice List
Key to Instructions To help readers follow the instructions in this article, we use two different typefaces. Boldface type identifies the names of icons, agendas, URLs and application commands. Sans serif type indicates instructions and commands that users should type and file names. Q. I want to send a document
Execs Feeling Less Ambitious
Source: Survey of senior-level executives, and managers, Net Future Institute, North Hampton, New Hampshire, www.netfutureinstitute.com , 2003.
Tips to Track Deliveries
Your client owns a restaurant and watches her budget carefully. She hasn’t worried too much about a nearby competitor because her location is better, her food tastier and her place always full. However, lately her costs have risen and she finds herself struggling to make ends meet. After several months
Accounting
The AICPA accounting and review services committee (ARSC) issues three interpretations of AR section 100, “Compilation and Review of Financial Statements.” They are no. 8, “Reports on Specified Elements, Accounts, or Items of a Financial Statement— Revised ”; no. 24, “Reference to the Country of Origin in a Review or
Jump-Starting Financial Literacy
EXECUTIVE SUMMARY IN TODAY’S COMPLEX FINANCIAL WORLD, Americans more than ever need training to help them cope with debt, saving, retirement planning and similar concerns. The Jump$tart Coalition for Personal Financial Literacy is a nonprofit organization dedicated to raising the level of financial knowledge throughout the United States. SINCE SAVING
How to Print a Watermark
Q. How can I print a watermark on a document? A. Go to the document in which you want the watermark to appear and click on Format , Background and Printed Watermark . As you can see from the screenshot above, you can use a picture or text as a
Royalties or Wages?
he Tax Court ruled that “royalties” paid to a C corporation’s officer were wages for which the corporation was liable for payroll (for example, Social Security, Medicare and unemployment) taxes ( Charlotte’s Office Boutique, Inc., 121 TC no. 6 (2003)). The case teaches CPAs how not to structure a self-employed
AICPA Software Gives CPAs Career Edge
Software Gives CPAs Career Edge The Institute has created an online Competency Self-Assessment Tool (CAT) ( https://www.cpa2biz.com/CPE/CAT.htm ) to help CPAs evaluate their qualifications for future positions in business and industry, auditing, government, personal financial planning and elder care, as well as fraud prevention, detection and investigation. CAT enables practitioners
Tax-Planning Services for Clients or Employers
EXECUTIVE SUMMARY THE AICPA ISSUED INTERPRETATION NO. 1-1, “Tax Planning,” of Statement on Standards for Tax Services no. 1, Tax Return Positions , partly in response to congressional inquiries about how the AICPA Code of Professional Conduct disciplines members who are involved with abusive tax shelters. It is effective December
AICPA Urges End to Abusive Tax Shelters
Exploitative tax shelters are an insult to honest taxpayers and their CPA advisers, the Institute’s tax executive committee said in a letter to Senator Charles E. Grassley, chairman of the Senate Finance Committee, who is proposing legislation to curtail such arrangements. Besides supporting Grassley’s position, the AICPA letter also noted
Chicago Candidate Tops Field on CPA Exam
Amy Lynn Adelmann of Deloitte’s assurance and advisory services practice in Chicago won the Elijah Watts Sells gold medal by earning the highest score among the approximately 50,000 candidates who sat for the CPA exam in May. The other Sells awards went to Roger Dunaway III of Antioch, Tennessee—who placed
A Fast Way to Add Boilerplate to a Document
Q. I often have to add large blocks of boilerplate to current documents. I have the boilerplate saved in separate documents, and while it’s not very hard to open them, copy the material and then paste it into my current document, I’m sure there is a faster way. A. Your
Add a Comment to a Spreadsheet Cell
Q. How can I add a notation to an Excel formula without cluttering my spreadsheet with a bunch of those red comment triangles? Then, to hide the comment and the indicator, click on Tools , then Options , next the View tab, and under the Comments section, check None (see
Use Outlook’s Contacts to Address and Format Letters
Q. I keep all my contacts—names, addresses, phone numbers and e-mail addresses—in Outlook. But I can’t find a way to use that information to automatically address letters. Can you help? A. I understand your frustration. Sometimes Outlook gets “cranky” when you ask it to provide address information for Word. I
Deducting Compensation Paid With Property
Employees must report as income compensation paid to them in either cash or property. The employer is entitled to a corresponding deduction. If the property is restricted, IRC section 83 determines how much income the employee must report and the timing of the deduction. The Federal Circuit Court of Appeals
Rules for the Written Record
hile some may consider report writing one of the more mundane aspects of conducting a fraud examination, documenting the case is every bit as important as investigating it. This article looks at how to record the results so end users receive the information they need and, equally essential, the report
CPAs Helping One Another
Since the 1930s the AICPA Benevolent Fund has aided members facing medical and financial hardships when personal savings and government assistance are limited or unavailable. The fund assists with the cost of medications, therapy and/or daily expenses. At least twice a year the board of trustees of the Benevolent Fund
AICPA Updates Summary of State Reform Issues
The Institute’s special committee on state regulation distributed to state CPA society chief executives, presidents and legislative staff the second edition of A Reasoned Approach to Reform , its overview of state issues related to the Sarbanes-Oxley Act of 2002. Replacing an earlier edition, issued in January, it will be
Government Accounting
The Federal Accounting Advisory Standards Board (FASAB) issues an exposure draft, Identifying and Reporting Earmarked Funds ( www.fasab.gov/exposure.htm ). The ED distinguishes such funds from traditional trust or fiduciary activities and requires that financial statements present the cumulative amount designated for specific federal programs. If adopted, the proposal would be
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