Featured Online Content for August 2011




Why the iPad Is a Game Changer

Debbie Lambert, CPA, managing partner of Johnson Lambert & Co. LLP, explains why she thinks Apple’s iPad, when combined with the advantages of moving accounting software to the cloud, will change the way CPAs do business. Lambert says the iPad is emblematic of the proliferation of tech devices that are moving CPAs away from the ubiquitous laptop. Click here to view the video.


Also on journalofaccountancy.com, read about cloud computing’s potential benefits and risks, client portals and smartphone applications for CPAs.







New ClientsARTICLE

Seeking New Clients Rises to Top of CPA Firm Issues

The AICPA’s 2011 PCPS CPA Firm Top Issues Survey found several critical concerns, with the struggle to bring in new clients topping the list of issues among firms with two to 20 professionals. Meanwhile, sole practitioners listed everchanging and complicated tax laws as their No. 1 concern.




GAAP Treatment of Asset-Based Financing Arrangements

After reading “Asset-Based Financing Basics,” follow step-bystep examples on journalofaccountancy.com, including footnote disclosures, for GAAP treatment of factoring agreements, lockboxes and acceleration clauses.


New ClientsVIDEO

Revamped Internal Control Framework

Bill Schneider, CPA, an AICPA board member and director of accounting for AT&T, gives a quick overview of the work of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) to update the internal control framework and explains what the project might mean for CPAs’ day-to-day work.






Find the JofA on YouTube


YouTubeThe JofA is now on YouTube! To find our new channel, visit youtube.com/user/JournalofAccountancy or scan the QR code to the left with your smartphone. You can also visit youtube.com and search for “Journal of Accountancy” in the search bar at the top of the page.


The channel hosts short, practical videos on a variety of topics of interest to CPAs and financial professionals. It is organized by topical playlists, including tax, technology, firm management and professional development. To access these playlists, click “Playlists” at the top of the channel—they will display in the right column of the page.


Beneath each video is a “Share” button, which allows you to share the video on various social media sites, such as Facebook and Twitter, or email a link to the video. There’s also an option to subscribe to the JofA’s channel—click the yellow “Subscribe” button at the top of the channel, and you’ll be notified when a new video is uploaded.


For more tips and how-to’s, visit facebook.com/JournalofAccountancy and click the “Social Media Tips” link in the left column.


—Megan Pinkston (mpinkston@aicpa.org) is the JofA’s senior online editor.


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Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.


What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.