Did You Know?


Next-generation computer. The optical computer is one of technology’s Holy Grails, and it came one significant step closer when IBM developed a way to slow the speed of light. No, IBM hasn’t broken Einstein’s Law of Relativity: E=mc2; it just found a way to slow data-encoded light beams, which travel at 186,000 miles per second—too fast for a computer to decipher the code—to a creeping 620 miles per second. That’s getting slow enough for deciphering without losing data. What’s so special about optical computers? They’re potentially much faster, simpler and more energy efficient—and they wouldn’t suffer from the heat and magnetic-interference problems of electric-powered hardware.

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6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.