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
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TOPICS
Information management and technology assurance
FYI
The Financial Accounting Foundation, which funds and oversees the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), appointed Thomas J. Linsmeier, CPA, to FASB for a five-year term that began July 1. A nationally respected accounting educator and researcher, he is chairman of the department of
International
The International Accounting Standards Board published an ED of proposed amendments to International Accounting Standard (IAS) 23, Borrowing Costs ( www.iasb.org ). The proposal requires entities to capitalize borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset as part of its cost, rather
Highlights
As initially announced in the July JofA Highlights, the AICPA and FASB issued a joint proposal to improve the standard-setting process for the constituents of private company financial reporting ( www.pcfr.org). The initiative seeks feedback from owners, preparers, auditors, lenders, investors and bonding agencies on proposed enhancements to the board’s
A Better Way To Stamp
In the December 2005 column , I suggested a way to place a stamp ( Prepared By: Reviewed By: ) in a spreadsheet. Reader Allison A. Schultz, CPA, CFO of Southern Aluminum, Magnolia, Ark., suggests an alternative method. After creating the stamp in Excel, highlight it and press Shift+Edit, bringing
Outlook Has A “You’ve Got Mail” Option
I get so wrapped up in my work that I often forget to check my incoming e-mail for hours at a time. Is there some way to program Outlook to give me a nudge or even ring a bell when a message comes in? Outlook does AOL’s “You’ve Got Mail”
Print With Or Without Track Changes Comments
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
A Good Idea
In the February 2006 item “ Out, Out and Stay Out, You Stubborn Reviewing Toolbar, ” several readers correctly noted that the macro I suggested be recorded to Personal Macro Workbook , not New Workbook ; in that way it can be accessed whenever needed.
Search Multiple Worksheets
I usually work with a spreadsheet that contains as many as 24 worksheets. When I do a search using the Find command, I have to repeat the command for each worksheet. Is there a way to command Find to search all the worksheets in one swoop? Yes, not only can
The Small Firm Advantage
EXECUTIVE SUMMARY Despite their modest size, local practices have many real advantages that give them a competitive edge in recruiting, retention, client service and other vital business areas. PCPS is undertaking many new efforts to support its small firm members, and is rededicating itself to initiatives and publications that highlight
A Fast Way To Replace Two Spaces After The Period With One
As the officer manager of a midsize firm, I review all documents created by the accountants for spelling, grammar and style. No matter how often I tell them that the period at the end of a sentence is followed by one space—not two—I get memos with mostly two spaces. The
Another Better Way
In the February 2006 item “ Overcome Excel’s Sort Function Shortcoming,” reader Rick Childs, CPA, CFA, a Crowe Chizek executive, suggests using Excel’s custom format to overcome its Sort function limitation. He selects the 0 format category (see screenshot below) and then adds the necessary letters in front of the
Highlights
Committee to Address Interstate Practice IssuesThe AICPA has created a volunteer Special Committee on Mobility to identify and address state mobility requirements that do not benefit the public, but block interstate practice by CPAs. “To serve their clients and meet their own business needs, today’s CPAs must be able to
Financial Literacy
Slightly more than one-third of those polled were members of Generation X, born between 1964 and 1980. Most of them were skeptical about government and corporate benefits. Fifty-five percent said they will save and invest to fund their retirement, 65% didn’t expect Social Security to provide retirement benefits and 68%
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. FASB issued two staff positions (FSPs). One, Accounting for Life Settlement Contracts by Third-Party Investors, provides guidance on the investor’s
How Not to Hate Your Computer
EXECUTIVE SUMMARY Always keep your computer upgraded with the latest software. Sometime this year Microsoft is scheduled to introduce its next operating system, Vista. Consider waiting six months or so for the worst of the bugs to be worked out, and buy a new computer with Vista already installed. Be
Katrina’s Harsh Lessons.
Those of us who lived through Hurricane Katrina’s devastation in the Gulf states also experienced countless acts of kindness. We want to acknowledge that tremendous outpouring of support. We regret we don’t have the space to recognize individually the thousands of stories of helpfulness and courage. —Grady Hazel, executive director,
Business Valuation
The AICPA has entered an agreement with the publisher of the Daubert Tracker, an online database of information on the admissibility and effectiveness of expert testimony in judicial proceedings. Under the arrangement, members of the AICPA business valuation and forensic litigation services (BV/FLS) section are eligible for substantially discounted subscriptions
Get Close to Your Clients
EXECUTIVE SUMMARY Customer relationship management (CRM) is about organizing client information so you can readily use it in appropriate, thoughtful communication and actions that strengthen the bond between the firm and the client. There are a variety of software packages to help manage a CRM program. Software can be hosted
Professional Issues
The AICPA Work/Life & Women’s Initiatives Executive Committee issued “Women’s Summit: Helping Women Professionals Succeed,” a collection of valuable data and best practices resulting from the first AICPA Women’s Summit, held October 2005 in Chicago ( www.aicpa.org/worklife ). The managing partners, human resources professionals and female CPAs in attendance shared
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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.
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