HEADLINER Q&A
Change Agent
Robert Herz has led FASB through a period of significant change. He spoke recently with the JofA about simplifying accounting standards, the road to international convergence, the future role of FASB and changes ahead for CPAs.
For all CPAs
TECHNOLOGY / BUSINESS & INDUSTRY Six Steps to XBRL
by Mary E. Phillips, Tammy E. Bahmanziari and Robert G. Colvard
With the complete XBRL US GAAP Taxonomies now under public review, three
accounting educators share a short XBRL tagging lesson for CPAs.
For CPAs who prepare financial statements or advise preparers
ARTICLES
EDUCATION / CPA
EXAMINATION
Expanding the Ranks of
African-American CPAs
by Frank K. Ross and Leslie Traub
This report on the CPA Examination Summit convened by the National Association of Black Accountants and the Howard University School of Business Center for Accounting Education highlights recommendations from summit participants on increasing the number of African-American CPAs.
For CPAs in public practice and in education
PERSONAL FINANCIAL
PLANNING
Partnerships for Community Development
by Curtis O. Sanders
CPAs can use their expertise to structure partnerships between property owners and community-oriented developers who want to revitalize undervalued areas without displacing current residents and local businesses.
For CPAs in public practice
TECHNOLOGY WORKSHOP
Discover the Power of Excel 2007
by Bradley C. Adams
Excel has undergone a massive redesign in Office 2007. This article will speed up your learning curve and help you customize its abundant functions so that it can become an even more powerful calculation tool.
For all CPAs
TAX / PERSONAL FINANCIAL PLANNING
Real Tax Savings in Real Estate
by Elizabeth Murphy and Keith Gunter
With mortgage foreclosures on the rise, buying and selling real estate may appear to be an attractive opportunity. But do your clients know the tax benefits of being considered a real estate professional, as opposed to a passive investor?
For CPAs with clients who deal in real estate
HIGHLIGHTS
Recent
developments in the accounting profession
NEWS
DIGEST
Auditing…Banking…Financial Reporting…Government…Mutual Funds…Pensions…XBRL…FYI
AT
A GLANCE: CHARTS AND GRAPHICS
Spike in Thrifts’ Loss Provisions
Mutual Funds Concentrated in
Retirement Plans
Millions Receive AMT Relief
More Cents for Your Travel
IN THIS ISSUE
Subject index
LETTERS
Fair Value Made Clear
Fair Value Could Be Made Clearer
Wagering on S Corp Wages?
The State of S Corps
TOP
LINE
News,
people, trends and other noteworthy items
CHECKLIST
Vendor Management Tips
TECHNOLOGY
Smart
Stops on the Web
TAX
PRACTICE CORNER
Independent Contractor or Employee?
TAX
MATTERS
Passive or Nonpassive Activity—IRS Wins Either Way
Deciphering the Code
Do-It-Yourself Will Succeeds In Spite of Itself
Son of BOSS Adjustment Timely for IRS
Till Death or § 6015(e)(4) Do Us Part
Line Items
FROM
THE TAX ADVISER
Identifying “Specified Employees”
TECHNOLOGY
Q&A
by
Stanley Zarowin
Print the contents of any directory…Copy error messages into your browser to search for a solution…Tame cranky Track Changes and learn how to customize shortcuts…Should you keep your laptop plugged in or not?...Excel shortcuts
INSIDE AICPA
Institute Helps Mark IFAC
Anniversary
AICPA Offers Scholarships
THE
LAST WORD A closer look at some of the intriguing, inspiring and imaginative folks who are the heart of the AICPA
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