Key to Instructions To help readers follow the instructions in this article, we used two different typefaces: Boldface type is used to identify the names of icons, agendas and URLs. Sans serif type shows the names of files and the names of commands and instructions that users should type into
Information management and technology assurance
Edit the Recently-Used-File List
When I’m out of the office, other accountants often use my computer, which by itself doesn’t bother me. What does disturb me is that a few clicks will reveal the names of the last nine files I’ve opened, and that invades my privacy. Short of password-protecting my computer, is there
A Substitute for the Hard-to-Reach Equal Sign
Why don’t computer manufacturers put an equal sign (=) in a more convenient place on keyboards? It’s such a pain to find that out-of-the-way key we use in so many Excel formulas. The answer is simple: Keyboard designers aren’t accountants. But cheer up, here’s a simple work-around. When you enter
Highlights
The AICPA Auditing Standards Board issued three exposure drafts. A proposed Statement on Quality Control Standards (SQCS), A Firm’s System of Quality Control, will replace all existing SQCSs and provide guidance for a CPA firm’s responsibilities for its system of quality control over its accounting and auditing practice ( www.aicpa.org/download/members/div/auditstd/ed_sqcs.pdf).
Nobody Asked Me, But…
Here are a few tidbits that readers might find useful: A gem of a calculator: Microsoft quietly introduced a powerful little conversion calculator that not only adds, subtracts and divides but also converts all the major world currencies to the currency of your choice. The exchange rates are current—downloaded in
Excel Shortcuts
Ctrl+1: Displays the Format Cells dialog box Ctrl+9: Hides selected rows Ctrl+0: Hides selected columns Ctrl+(: Unhides any hidden rows within the selection Ctrl+): Unhides any hidden columns within the selection Ctrl+~: Applies the general number format Ctrl+$: Applies the currency format with two decimal places (negative numbers in parentheses)
Search Out Files Across A Network With Google
In theory, going paperless is a great idea. In practice, however, the biggest obstacle, at least in my office, is not the work to convert documents into electronic files; it’s finding them afterward and retrieving them. We try to get everyone in the office to agree on a unified way
Accounting
For news from the AICPA and state societies, visit www.cpa2biz.com , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites. The Institute submitted comments on IRS technical advice memo (TAM) 200603027, which holds that a taxpayer’s LIFO election must be extended
The Work/Life Balance Sheet So Far
EXECUTIVE SUMMARY Studies show work/life balance programs go a long way to help CPA firms of all sizes attract and retain high-quality professionals and are a key factor in employee satisfaction. Successful programs address elder-care as well as child-care needs. The growing demand for attending to parents is one
Practice Management
Strategic planning and developing a marketing plan are critical topics to be covered in live, online forums the AICPA’s Private Company Practice Section (PCPS) is offering free to its members. The series, which began in June, includes events in August and September, with others to follow, and features presentations by
Government Accounting
The Federal Accounting Standards Advisory Board issued a concepts statement exposure draft titled Definition and Recognition of Elements of Accrual-Basis Financial Statements ( www.fasab.gov/pdffiles/ ). It seeks respondents’ views on proposed definitions of certain elements— assets, liabilities, net position, revenue and expense —in such financial statements and on the essential
XBRL
Strategic planning and developing a marketing plan are critical topics to be covered in live, online forums the AICPA’s Private Company Practice Section (PCPS) is offering free to its members. The series, which began in June, includes events in August and September, with others to follow, and features presentations by
Government Auditing
The U.S. Office of Management and Budget (OMB) issued the Circular A-133 2006 Compliance Supplement ( www.whitehouse.gov/OMB/circulars/a133_compliance/06/06toc.html ), which identifies important federal requirements to be considered as part of an audit in accordance with the Single Audit Act and OMB Circular A-133, Audits of States, Local Government, and Not-for-Profit Organizations.
Print Any Mix of Pages/Sections from a Document
I get into trouble when I want to print various pages or sections of a Word document. More often than not, I end up either printing the whole document or the wrong pages. Can you help me figure out the Print Range controls? Let’s start from the beginning. When you
Pensions
The Pension Benefit Guaranty Corporation published a final rule requiring sponsors of insured defined benefit pension plans to submit their premium filings electronically. As of July 1, sponsors of plans with 500 or more participants must do so for plan years beginning on or after January 1, 2006; for all
Print Outlook’s Contacts As A Paper Phone Directory
Call me old-fashioned, but when it comes to things like address and phone directories, I prefer a paper book. Is there some way to print a little booklet of my Outlook contacts with phone numbers and addresses? Since I didn’t immediately know the answer to that question but realized it
Nudge a Word File that Opens Slowly
I have a few files that open very slowly even though none is unusually large. Do you have any suggestions? First make sure that Track Changes is turned off; it can slow the opening of a file to a crawl. Then, as a further check, click on Tools , Options
Financial Reporting
As part of a broader initiative to improve financial reporting for insurance accounting, FASB issued an invitation to comment on whether bifurcating insurance and reinsurance contracts into insurance and financing components would improve the transparency of financial reporting for insurance accounting ( www.fasb.org/draft/ ). Current standards give insurers and reinsurers
Auditing
The AICPA Center for Public Company Audit Firms (CPCAF) issued a report on the Public Company Accounting Oversight Board’s findings from its inspections of eight PCAOB-registered firms that audit more than 100 public companies ( www.aicpa.org/cpcaf/download/PCAOB_inspection_deficiency_analysis_january2006.pdf ). An earlier analysis focused on PCAOB deficiency reports for firms with 100 or
Save Excel Formulas Without Using Macros
I often repeat formulas in worksheets. I know I can save them as macros and then insert them anytime with a few clicks, but I really don’t like macros. Is there an easy alternative? There is, but I urge you to rethink your aversion to using macros. They actually are
Features
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How to find the right CAS clients
The key to success with CAS is selecting the best clients. Tools like ideal client profiles (ICPs), buyer personas, and even artificial intelligence can help identify the businesses that best fit each CAS practice.
