If you think there is room for improvement in your accounting firm’s marketing and sales effort, you’re in good company. A recent study by Broderick & Co., consisting of in-depth interviews with leaders representing 130 well-known professional services firms in accounting, law, executive search, management consulting, architecture, financial services and
Information management and technology assurance
One Tall Solution
Q: When printing large worksheets in Excel 2003, is there an easy trick to figuring out how many pages tall the print job needs to be to ensure that my worksheet prints out as wide as possible on the page, but no wider? I usually set the page width to
Your Finest Port
Q: I can receive email through Outlook, but I can no longer send email through Outlook. My POP3 email previously worked just fine, and I have not changed the password or any mail settings. What’s going on, and how do I fix this problem? A: Based on your description, it
XBRL
The IFRS Foundation said it will publish supplementary tags for the IFRS Taxonomy that reflect disclosures that are commonly reported by entities in their IFRS financial statements. The foundation, the IASB’s parent organization, said the common-practice tags will enhance the comparability of information by enabling entities to create IFRS financial
Mastering Your CDs
Q: My client created a backup of data files using a CD, but when we tested the disc on another computer, we were unable to read the disc. Is there a secret trick to creating CDs that can be read by other computers? A: Burning CDs in Windows can be
GAPP Targets Privacy Risks
As of early 2011, 46 states had enacted some form of privacy regulation. In particular, those enacted by Massachusetts and Nevada in 2010 significantly raised the bar in terms of business requirements. Even organizations that have no facilities or personnel in Massachusetts may be subject to the state’s regulations if
A Colorful Preview
Q: I developed a presentation consisting of numerous Excel charts and data tables on my desktop computer, and I plan to use Print Preview to deliver the presentation. In practice, on my desktop computer this approach works well; but when I transfer the presentation to my laptop, the presentation previews
FASB Launches XBRL Taxonomy Online Review and Comment System
FASB launched a new online system that makes it easier for stakeholders to review and provide input to its team on XBRL development taxonomy. The Taxonomy Online Review and Comment System enables organizations and individuals to submit comments directly to FASB, increasing convenience and ease of use. All comments are
Seeking New Clients Rises to Top of CPA Firm Issues
Bringing in new clients has moved to the forefront of concerns among CPA firms with two to 20 professionals. That finding is among the highlights of the AICPA’s 2011 PCPS CPA Top Issues Survey, released Tuesday. The survey also found that while client retention remains a key priority for CPA
Third Phase of XBRL Implementation Takes Effect June 15
The third phase of the SEC’s XBRL implementation program takes effect June 15, with nearly all public companies using U.S. GAAP now required to submit data in the fully searchable, digital format. Over the past two years, the largest SEC reporting companies have begun submitting financial information in XBRL. The
Add Value, Instantly
Q: When I open Excel on my two separate monitors, Excel doesn’t allow me to use Paste Special, Value, Add; it only works when I have the two workbooks opened on the same monitor. What’s going on, and how do I fix this? A: The issue is not that you
A Smart Solution to Formatting Bullet Lists
Q: I frequently create multilevel outline lists in Word. I want these lists to stand out, so I spend a lot of time individually formatting the various levels in my lists, but this is a tedious process. Is there any way to create a list style or easily apply formats
An Iconic Solution
Q: I have about 40 icons on my desktop (five years of tax preparation software, several CPA productivity tools, the Office suite, practice management and just plain computer overhead tools like the Recycle Bin). I have arranged these icons so I can find them easily, but Windows sometimes rearranges them
Foot Your Financials in Excel
Q: We produce financial statements from Excel, but typing the footnotes at the bottom of the financial statements is a headache because Excel does not offer word wrap, outlining or other word processing features. We have tried using different solutions such as Excel’s Justify command, and pasting from Word, but
Accounting Enrollment, Hiring Increase
CPAs looking to hire talented young accounting grads as well as students preparing to graduate need to know what their competition looks like. The AICPA’s 2011 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits, which was released in May, identifies key trends in accounting
Windows Shortcuts
1. Windows key+M: This keystroke combination will instantly minimize all open windows. (Note: This shortcut differs slightly from Show Desktop. While both options will minimize all open Windows, Show Desktop allows you to maximize all Windows as a group, whereas Windows minimized using Windows key+M must be maximized individually.) 2.
Financial Reporting
The AICPA’s Financial Reporting Executive Committee (FinREC) released a working draft of the revised practice aid Valuation of Privately Held Company Equity Securities Issued as Compensation, also known as the “Cheap Stock” practice aid. It is an update of the practice aid originally issued in April 2004. The working
Count On It
Q: We import commodities from around the world and frequently need to convert weight and volume measurements from the metric system to United States customary measurements (for example, liters to gallons and meters to feet). Last year we purchased Windows 7 computers and developed Excel templates to help meet this
Business Development Skill Builders for Young CPAs
Many firm leaders think that young CPAs lack the necessary business development skills to move to the next level or become a future leader of the firm. However, young CPAs are often not given the opportunity to develop those skills on a daily basis. Business development is a difficult thing
Business Insurance: What to Do Before You Renew
Conditions in the insurance market present CPAs a great opportunity to enhance their business insurance coverage as well as to educate their small business clients on key policy renewal strategies. Here are several tips on enhancements to look for and other factors to consider when renewing coverage: Following these tips
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.
