2018 - Journal of Accountancy

The magazines

December 1, 2018

Microsoft Excel: Correcting an MROUNDing error

Correcting an item from July 2018, “Microsoft Office: Rounding Time in Excel.”

December 1, 2018

Lester McKeever Jr., CPA, J.D.

Accounting firm leaders can position their firms for continued growth by paying close attention to succession planning for their talented people, according to Mitchell Titus partner Lester McKeever Jr., CPA, J.D.

December 1, 2018

After investigation, SEC issues fraud alert

‘Business email compromise’ cost 2 companies more than $30 million.

December 1, 2018

IRS issues proposed regs. on 100% bonus depreciation

TCJA changes also include that eligible property does not have to be new.

December 1, 2018

Tax Court grants innocent spouse relief from taxes on embezzled funds

The taxpayer’s subsequent knowledge of the embezzlement prevents relief for a second tax year.

December 1, 2018

Vasarhelyi honored for excellence in teaching and professional prominence

Miklos Vasarhelyi, a professor at Rutgers University in New Jersey, received the 2018 AICPA Distinguished Achievement in Accounting Education Award.

December 1, 2018

Minority college students attend leadership workshop

More than 100 minority college students participated in the 2018 Accounting Scholars Leadership Workshop.

December 1, 2018

SEC seeks professional accounting fellow applicants

The positions will begin in the summer or fall of 2019.

December 1, 2018

After the merger: Creating a culture of success

Incorporating the right components into a post-merger integration plan and establishing a strong, homogeneous culture can increase the chances of success.

December 1, 2018

Investors trust auditors, but confidence in US markets drops

Audited financial information also gets high marks.

December 1, 2018

Microsoft Excel: What’s new in Excel 2019

The 2019 version of Excel contains a wide assortment of new and improved features and capabilities. Here’s a look at 12 of those upgrades.

December 1, 2018

GASB proposes targeted improvements, new concepts

The aim is to make financial reporting more useful for decision-making.

December 1, 2018

Schoolteacher’s failure to file FBAR results in $800,000 penalty

The Court of Federal Claims holds that actions and failure to inquire into reporting requirements for a foreign account by a taxpayer who had made a ‘quiet disclosure’ showed willfulness.

December 1, 2018

Questions that didn’t make the cut

Rejected early drafts demonstrate some important considerations in test development.

December 1, 2018

Model state approach to federal partnership audits

The AICPA worked with several other organizations to create a model statute for states to handle the new federal partnership audit regime.

December 1, 2018

FASAB proposal seeks clearer materiality guidance

The exposure draft includes specific questions.

December 1, 2018

Powerful internship programs for smaller firms

Even the smallest firms can benefit from having interns. Try these strategies for recruiting on campus and providing interns with a compelling experience.

December 1, 2018

Business tax quick guide — tax year 2018

Download or print this quick guide for use during tax season.

December 1, 2018

Getting it right: Crafting the CPA Exam

CPA Exam questions must adhere to Blueprint topics and skill levels while avoiding words and ideas that could distract or confuse the reader. Test developers aim to assess important CPA knowledge and skills — and only that.

December 1, 2018

FASB permits new benchmark rate for hedge accounting

The list of permissible interest rates expands to 5.

FROM THIS MONTH'S ISSUE

4 ways solo practitioners can stand out

Five years ago, a grieving Angel Zhen started his own CPA firm with no clients and no revenue. Today, he has 300 clients, $600,000 in revenue and 12 weeks of annual vacation. In this JofA article, he shares how he set up his firm and how you could do the same.