Q: My Excel workbook contains numerous comments explaining the source of selected values in my report, and I want to include these comments on the printed report. I have tried both of the Page Setup options that enable me to print the comments either “as displayed on sheet” or “at
Information management and technology assurance
Tackling the top issues
For many, if not most, accounting firms, the quest to survive the Great Recession and its aftermath has ended. The focus now is on growth. That’s one of the overarching themes derived from the 2013 Private Companies Practice Section (PCPS) CPA Firm Top Issues survey, which found that accounting firms
Women’s initiatives: A strategic advantage
The recent AICPA supply and demand survey found that women constituted 44% of accounting employees at CPA firms but only 19% of the partners. The partnership percentage was a step back for women in public accounting. The percentage of female leaders in firms had risen from 1% (partners and principals)
Test your Excel IQ: Solution
Last month I turned the tables and challenged JofA readers to answer another reader’s Excel question, as follows: Q: I have created an Excel template in which I enter employee information and pension data, and as we enter this data, I want the last row automatically displayed in the ready-to-print
Your work is clear
Q: Our satellite offices provide temporary office space to visiting staff, and each office is equipped with a shared computer. I frequently use these office computers, but after I’m done I am not comfortable that Word and Excel display the names of the most recently opened files, because this allows
How to select a successor
Selecting the successor for a retiring partner in an accounting firm can take on many forms. The decision can be made by an individual CPA or by the firm leadership. It can involve the transfer of clients, ownership, and/or responsibilities internally or the sale of ownership to an outside entity.
When is a partner “retired”?
When a longtime partner or employee retires from a CPA firm, a sense of loyalty often compels the existing partners to allow the individual to have a symbolic role at the firm. This can include a courtesy title, office space, and invitations to company soirees. While this may seem like
Let it slide
Q: Windows 8 lets me run a slideshow from the My Pictures folder, but is it possible to run a slideshow of pictures contained in my other folders (other than the My Pictures folder) as does Windows 7? A: In an effort to de-clutter the Windows 8 screens, Microsoft tucked
2013 tax software survey
In this year’s survey by the JofA and The Tax Adviser, more than 5,000 CPAs assessed the software they used to prepare 2012 tax returns. This year, tax preparers had to contend with a compressed filing season caused by late enactment of extender legislation in the American Taxpayer Relief Act
Not-so-obvious update procedure revealed
Q: I purchased an Apple iPad 2 two years ago with iOS 4.33 installed, and I now need to update the operating system because many of my current app updates require iOS 5.xx (or higher). In addition, I am unable to install newer apps that require iOS 5.xx (or higher).
2013 tax software survey: Individual product survey responses
In this year’s survey by the JofA and The Tax Adviser, more than 5,000 CPAs assessed the software they used to prepare 2012 tax returns. The survey was conducted in May 2013. Overall, respondents rated their software an average of 4.1 out of 5. Users of three products, Lacerte, ProSystem
Small business growing pains
Q: My small business client has a successful business but awful accounting records. He blames his accounting system, stating that “it doesn’t work right, and it constantly produces errors.” I realize that the true problem is he doesn’t know accounting, but how do I convey this criticism without upsetting or
The long goodbye
The best time for an accounting firm to start work on a succession plan is the day the firm is formed. Of course, most firms don’t do that. The question in many cases has become: “How quickly can I put together a succession plan and head into retirement?” The answer
Reader challenge: Test your Excel IQ
This month I am turning the tables; it’s your turn to face the challenge. A reader sent me the following Excel question, and I am submitting it to you for a chance to solve his problem: Q: I have created an Excel template in which we enter employee information and
Everything
Q: My computer contains several decades of Word documents scattered across many folders. Is there a quick way to produce a simple list of all of these documents that I can then sort in Word or Excel? A: I can think of at least three ways to accomplish this task,
Sample this!
Q: We frequently need to select samples of populations for test of transaction work when auditing or reviewing client financial data. Currently, each staff member uses his or her own sampling method, some of which seem to produce skewed results. We would like to deploy a consistent sampling method using
A breach of client data: Risks to CPA firms
You walk into your office on a Saturday morning during tax season to find a staff member waiting for you with sweaty palms and a look of terror on her face. She takes a while to get the words out, but you soon learn that she backed up some client
Make it rain
Q: I work with several massive Excel workbooks that contain large quantities of data consisting of many millions of rows, contained in multiple workbooks. As our data continues to grow, I find my current computer system to be inadequate. I need a computer that is not only powerful, but also
Three reasons finance should focus more on business intelligence
Many organizations recognize the value in harvesting data, whether the information is about customers’ buying habits or workers’ performance measures. But some of those companies haven’t been able to tap into the full potential of business intelligence, i.e., getting the right information from the data to make better business decisions.
Ernst & Young becomes EY as new leader takes helm
Ernst & Young has a new brand name, EY, and a new leader, Mark Weinberger. Weinberger, 51, officially became EY’s global chairman and CEO on Monday, the firm said in a news release. He replaced Jim Turley, who retired after 12 years as the firm’s chair and CEO. Weinberger’s previous leadership
Features
FROM THIS MONTH'S ISSUE
AI risks CPAs should know
Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.
