FASB on Thursday released the proposed 2012 U.S. GAAP Financial Reporting Taxonomy for public review and comment. Comments are due Oct. 31. The 2012 U.S. GAAP Financial Reporting Taxonomy is expected to be finalized and published in early 2012. The taxonomy is a list of computer-readable financial reporting labels coded
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Information management and technology assurance
2011 Tax Software Survey
This year’s tax preparation software survey by The Tax Adviser and the JofA yielded more than 10,000 responses from readers, showing what tax professionals like and dislike about the tax preparation software they used this tax season. As in years past (see the 2010 survey here), price and ease of
Prepare to Get WET
Q: The last time I purchased a new computer, I wasted many hours configuring it with all of my user accounts, email account settings, network connections, Internet favorites, dictionary updates and passwords. Once again, I plan to purchase a new computer, but this time I want to avoid the configuration
A Puzzling Parse
Q: I have noticed that when I use Excel’s Text to Columns tool to parse text data, sometimes it automatically recognizes the commas, spaces, quotes or other separators, and other times it does not. How do I make the Text to Columns tool work correctly every time? A: Excel’s Text
Pivotal Advance Boosts Excel’s Power
In today’s accounting world, financial and operational data typically is stored in a variety of programs and formats. When accountants need to prepare a report based on data from various systems, the first step is to export the data into Excel. Typically, it is fairly easy to export the required
Retreat to Move Forward
With the slow economy still making times—and dollars—tight, it might seem counterintuitive for a CPA firm to take its staff to the beach for an annual retreat. But handled correctly, such off-site activities can be effective investments of time and money. Here are some ideas for making the most of
Clipboard on Steroids
Q: I found the tip in the May 2011 issue of the JofA for pasting a cell’s content multiple times to be very helpful (“Pasting Away Again,” page 72), but my situation is more complicated. When working in Excel, I need to copy and paste multiple sources of content (account
I’ve Been Framed
Q: Sometimes when I click a hyperlink in a browser window, or in an Excel, Word or PowerPoint document, the resulting Web page opens to a new browser window. I like this effect. Can you please tell me how this is done? A: Hyperlinks that open in an existing browser
2011 Tax Software Survey: Individual Product Survey Responses
The JofA and The Tax Adviser surveyed our readers to determine what they liked and did not like about their tax preparation software. The survey was conducted in May 2011 and received 10,026 responses. As in past years, three products led the pack in the number of respondents using them.
Desperately Geeking Susan
Q: It’s time for me to get a new computer, but I am not sure whether I should purchase a desktop, laptop, netbook or, perhaps, even a tablet. Which solution do you think is best? —Susan A: Susan, you have asked a loaded question, which reminds me of the adage
Your Type Is Not Allowed
Q: I like to review Word documents in Full Screen Reading view, but when I catch typos or want to make changes, I must switch back to Print Layout view to make those changes. Is there a different option that allows me to read more text on the screen, yet
The Aftermath of Many Conditions
Q: I use COUNTIF and SUMIF to summarize detailed transactions based on criteria for one column, but I need to count and sum transaction data based on criteria for multiple columns. Is there an easy way to do this? A: Beginning with Excel 2007, Microsoft added the new functions SUMIFS
Traps for the Unwary in CPA Firm Mergers and Acquisitions
You can’t hold back the demographic tide. In the U.S., another baby boomer turns 60 every eight seconds. This translates into a leadership change in the near future at many CPA firms. Thousands of partners are at or reaching retirement age now and in the next five years, putting a
Hiding Between the Pages
Q: Is it possible to temporarily hide or suppress headers, footers or page borders when reading a Word document? A: Double-clicking on the separation between pages will suppress headers, footers, borders, space between the pages, and any extra white space at the bottom of a page, thus allowing you to
Internet Explorer (8.0 and Higher) Shortcuts
1. Ctrl + Enter: When typing a Web address into your browser’s address box, pressing Ctrl + Enter will automatically insert the www. and .com. For example, type hp into the address bar and press Ctrl + Enter to quickly navigate to the www.hp.com website. 2. Ctrl + T: Opens
Drive-By Virus
Q: While one of my employees was surfing the Internet, a browser window unexpectedly popped up, warning that his computer was infected with a virus. A few seconds later, the browser started scanning his hard drive and downloading files. Each time he closed the browser window, another browser window opened
NASBA and AICPA Announce Launch of CPAmobility.org
The National Association of State Boards of Accountancy (NASBA) and the American Institute of Certified Public Accountants (AICPA) announced the launch of CPAmobility.org – an online tool designed to help Certified Public Accountants navigate the new practice privilege requirements that allow CPAs to more easily practice across state borders. A
PwC Investing $100M in Africa
PricewaterhouseCoopers International is rolling out a growth strategy for Africa that includes investing $100 million in people and infrastructure. The Big Four firm said it plans to hire an additional 8,000 partners and staff over the next five years as it builds an integrated advisory business for the continent. In
Polish What’s Dull, and Wax What Shines
For managers, the one activity more dreaded than receiving a performance review is writing one. So it’s no wonder many reviews fall short of their real intention: to provide a springboard for further growth and accomplishment. How can the performance review guide a productive discussion about an employee’s potential or
Outlook 2010 and 2007 Shortcuts
1. Convert an email to a task: Selecting an email message and pressing the Insert key converts the email to a task and copies the task to your Tasks list. In addition, the Outlook message is flagged in red to let you know that it is linked to a task.
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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.
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Current developments in taxation of individuals: Part 2
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Current developments in taxation of individuals: Part 1
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