Cloud computing creates unprecedented opportunities for CPA firms to do more chargeable work faster and with better client communications. But transitioning to the cloud and having confidential information accessible over the Internet raises implementation and security concerns that CPA firms must address. To help CPAs better understand the benefits and
Information management and technology assurance
The paperless business card
Q: I use Outlook 2010. What is the easiest way to send my updated address and telephone information to my contacts so they don’t have to manually re-enter the data into their contact management system? A: Microsoft Outlook provides the ability to create a paperless business card, which you can
IT budgets stagnant in 2012, according to survey
Worldwide IT budgets are expected to be flat in 2012, when IT budgets in North America and Europe are expected to decline, according to a global survey of chief information officers (CIOs) by Gartner Inc.’s Executive Programs. Conducted in the fourth quarter of 2011, the survey of 2,335 CIOs, covering
U.S. GAAP Financial Reporting Taxonomy available for 2012
The 2012 U.S. GAAP Financial Reporting Taxonomy, which is awaiting final acceptance by the SEC, has been made available, FASB announced today. The taxonomy contains updates for accounting standards and includes other changes to the 2011 taxonomy being used by SEC issuers. The taxonomy is a list of computer-readable tags
Board of education: Client advisory board implementation action plan
Editor’s note: Also read “Board of education: CPA firms, businesses can profit from clients’ advice,” in the Jan. 2012 issue of the JofA. Here is a step-by-step client advisory board implementation plan developed by the AICPA’s Private Companies Practice Section. More client advisory board tools are available to PCPS members
The Thomas database
Q: Is there a good source for following proposed tax law changes pending in Congress? A: Since January 1995, the Library of Congress has posted virtually every word uttered in Congress to the thomas.gov website; this information is usually posted by the following morning. Named for Thomas Jefferson, the Thomas
Board of education: CPA firms, businesses can profit from clients’ advice
It’s no secret that CPAs take pride in their standing as trusted advisers to their clients. What’s not so well known is that CPAs can gain—and in many cases, literally profit—from the advice of those same clients. Client advisory boards offer CPA firms and other businesses the opportunity to
A super footnote reference
Q: We’d like to print our financial statements from Excel, but we can’t get the footnote references to appear the way we would like. We want to display the footnote references in the superscript format, but to do this we have to enter the footnote reference in a different column,
An aggregate answer to two Excel questions
Q: Two reader questions: 1. Is there a way to subtotal large volumes of numbers in Excel 2010, while ignoring the values contained in hidden rows? 2. What is the best way to subtotal data in Excel 2010 that contain divide-by-zero errors? A: The answer to both questions is to
Bridging compensation gaps in a merger
Accounting-firm mergers must overcome numerous obstacles. One of the most common—and challenging—involves compensation and benefits for partners and staff. Merging firms usually have differences in compensation levels, compensation methods and benefits packages. It’s crucial for staff and partner retention that the merging firms combine the varying systems into one without
The right sort
Q: I receive large amounts of data that need to be sorted both vertically and horizontally in Excel. I typically accomplish this task by transposing the data onto a separate worksheet (using the Paste Special, Transpose command), where I sort the data vertically (which is actually a horizontal sort because
What 11-letter word do all CPAs spell incorrectly?
Q: Help! I accidently added several incorrectly spelled words to my Word 2010 dictionary, and now they are causing problems. Can you tell me how to remove those incorrect words from my dictionary? A: The words you add to your dictionary are saved in your Custom Dictionaries word list, which
A solution for dummies
Q: I frequently prepare document templates (such as newsletters and brochures) in Word 2010, and I often need to insert dummy text to help form the document layout. I usually find some old text and copy it into the document template, but I’ve found out the hard way that using
A bolder folder
Q: I want all of my Windows Vista folders to display the Details view, with my own custom column headings and column widths. Unfortunately, Vista does not seem to consistently remember these settings after I customize the top-level folder’s view using these steps: 1. I select Details from the Views
Technology 2012 Preview: Video
With 2012 just around the corner, the JofA gathered the three technology keynote speakers from the AICPA’s 2011 Practitioners Symposium/TECH+ Conference to talk about tech trends heading into the new year. The nearly 90-minute conversation covered a wide range of technical issues critical to all CPAs. Participating in the call
Personal Mobile Hotspot
Q: Our CPA firm audits businesses in many rural areas that don’t have access to the high-speed Internet needed by our audit staff to use our cloud solutions, perform research, enter timesheet data and communicate with the home office. Is there a reasonable solution for establishing temporary high-speed Internet access
The Lowdown on High Potentials
CPA firms trying to attract and retain top talent should emphasize career growth opportunities, salary and paid time off while maintaining an open-door policy that makes management accessible. That summarizes the key findings of the AICPA’s Private Companies Practice Section (PCPS) 2011 Top Talent Survey, which aims to help PCPS
Solid Performance
Q: I am planning to purchase a new computer, and I’ve heard that solid-state drives are much faster and use less energy but are more expensive. In your opinion, is the higher cost of a solid-state drive justified? A: Solid-state drives (SSDs) use flash memory and have proven to be
Securing Remote Devices
Remote-access technologies—such as smartphones, tablets, laptops and at-home desktops—and automated processes have made the CPA’s job more efficient and convenient but also have created more opportunities for fraud and theft. These control procedures can help mitigate the risks. —By Randolph P. Johnston, (randyj@nmgi.com) executive vice president of Network Management Group
A Quick Guide to QuickBooks
More than 4.5 million companies use QuickBooks, making it by far the most widely used accounting system in the world. However, many CPAs frequently overlook or underutilize the product’s strongest features. Are you using QuickBooks efficiently and getting the most you can out of the product? Following is a list
Features
SPONSORED REPORT
Preparing clients for new provisions next tax season
As the 2025 filing season approaches, H.R. 1 introduces significant tax reforms that CPAs must be prepared to navigate. These legislative changes represent some of the most comprehensive tax updates in recent years, affecting both individual and corporate taxpayers. This report provides in-depth analysis and guidance on H.R. 1.
