The SEC voted Wednesday to adopt new rules that would require public companies to provide an XBRL version of their SEC filings. Under the new rules, the 500 largest U.S. public companies and foreign private issuers listed with the SEC would be required to provide financial information using XBRL beginning
Information management and technology assurance
Deadline for Transition to BSA Electronic Filing Approaching
The Financial Crimes Enforcement Network (FinCEN) said Magnetic Media filers must transition to BSA Electronic Filing (E-Filing) by Dec. 31. The Web-based BSA E-Filing system is user-ID and password-protected and does not require storage media such as tapes and disks to submit Bank Secrecy Act (BSA) reports. The system supports the
Technology Survey Drawing to a Close
Today is the final day to participate in the AICPA’s Top Technology Initiatives survey. The survey period has been extended from the scheduled Nov. 26 deadline to 6 p.m. ET on Friday, Dec 5. In celebration of the 20th anniversary of the survey, voting for the first time is
Smart Stops on the Web
SMALL OFFICE / HOME OFFICE GET YOUR BUSINESS OFF THE GROUNDwww.business.govKnown as “The Official Business Link to the U.S. Government,” this site is a virtual one-stop shop for information on running a small business. Operated by the Small Business Administration, this Smart Stop offers guides on starting and managing a
Reverse the Order of a Long List in Excel
Every now and then I have to reverse the order of a long list in Excel that is not in alphabetical or numerical order—a tedious job. Do you know of a shortcut? Yes, you can adapt Custom Lists, a tool you should become familiar with because it is versatile and
Generate Duplicate Changes in Multiple Excel Worksheets
I usually set up my annual budget in one Excel workbook, and then I add 12 more sheets—one for each month of the year—so I can easily track the monthly data. Each sheet contains the same rows, columns and formulas. Only the headings on each worksheet are different, along with
Recruiting for Small Firms
The war for talent continues, and it’s up to each small firm to create opportunities to find talented employees who will appreciate a small firm environment and prosper in it. It’s often difficult for small firms to find the resources necessary to fuel a recruiting system that will fit their
Highlights of Accounting Systems Research
This article is the fourth in a series reviewing research relevant to practicing accountants. Previous articles covered auditing, management accounting and tax. Recent, top-ranked journals that cover accounting and information technology systems were examined to determine results containing practical implications. HOW IT OUTSOURCING IMPACTS STOCK PRICESWhen a firm publicly announces
A Quick Way to Erase Selected Data From a Workbook
Each year I take some of my prior-year Excel workbooks and delete all the old data except for the formulas—a tedious process. Is there a better way to do this? Excel has a tool for that. Highlight the area of the worksheet you want cleared. In this case, since the
Use a Template to Spare You the Labor of Formatting a Frequently Used Special-Needs Worksheet
I use a spreadsheet for my work that’s formatted in a very complicated way. So every time I open a new worksheet, I have to go through all the preliminary format setup steps to prepare it for my special requirements—such as columns with varying widths and even different colors for
On the Verge of an Academic Revolution
For those charged with educating the next generation of accountants, the expected shift from U.S. GAAP to IFRS stirs up a host of potentially thorny issues. Professors and college administrators are dealing with questions about the timing of the curriculum expansion and the resources needed to handle IFRS. They are
Shortcuts
Ctrl+1: Opens the Format Cells menu Ctrl+Shift+&: Places a border around a cell or group of highlighted cells Ctrl+Shift+-: Removes the border Ctrl+Shift+$: Turns a cell or highlighted row or column into a dollars-and-cents format Windows logo key+E: Opens Windows Explorer
Test-Driving the Codification
UPDATE: FASB Delays Codification Launch to July In January, FASB released the FASB Accounting Standards Codification (ASC or codification). The codification simplifies the classification of accounting standards by restructuring all authoritative U.S. GAAP for nongovernmental entities into one online database under a common referencing system. The codification is a first
Create a Shortcut For Easy Access to System Restore
I’ve been told that any time I make a major change in my computer—such as installing new software or new hardware— I should create a new System Restore point. But that function is buried under many layers, and so, when I’m busy, more often than not I fail to follow
XBRL: Who Are the Early Adopters?
View the PowerPoint presentation narrated by JofA Senior Editor Matthew Lamoreaux. XBRL is evolving everywhere, but unevenly, driven by various stakeholders such as governments, stock exchanges, banks and other industry sectors. While the SEC has been finalizing its proposed rule requiring public companies and mutual funds to file their financial reports
Highlights
The AICPA’s Professional Ethics Executive Committee (PEEC) issued an exposure draft, Interpretation 101-17, Networks and Network Firms, under Rule 101, Independence, of the AICPA Code of Professional Conduct. Along with new or revised definitions for network, network firm and firm, the ED proposes that when CPA firms form
A Discreet Alternative to Keeping Shortcuts Displayed on the Desktop
I think the most effective way, and it’s my favorite, is to put the shortcut right in the Start menu so all you have to do to access the shortcut is click on the Start menu. The procedure takes a few seconds. Start by placing a shortcut to the target
A Quick Way to Access All the Tabs in an Excel Workbook
To generate the list, place your cursor at the left side of the bottom of the worksheet screen, in the area of the black arrows, and right-click.
Help Me Find My “Lost” Cursor
Under the Visibility heading, place a check next to Show location of pointer when I press the CTRL key. When you engage that function, you’ll see an animated shrinking bull’s-eye aimed at the cursor; it can’t be missed. There are other things you can do, too, to make the cursor
On the Record: A Clear Advantage
“When the investor wins, so does the public company, fund, or other filer who simultaneously benefits from greater transparency and trust in our markets. By tapping the power of interactive data…markets can become fairer and more efficient while investors can possess far better quality data than was ever possible before.”
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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.
