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  Online Issues > May 2006


  CONTENTS  

 
MAY 2006
VOLUME 201 NUMBER 5
 
This symbol identifies articles in the home study CPE program.
 
ARTICLES

TECHNOLOGY
Rate Yourself in the Paperless Race
by Stanley Zarowin
Surveys by the Association for Accounting Administrators show that CPA firms big and small are converting many different parts of their operations to paperless electronic processes. The pace of the changeover is mixed in some areas and quickening in others, but on average accountants are using more paperless methods to save time and money.
For all CPAs.

PERSONAL DEVELOPMENT
Be a Great Manager
by Anita Dennis
Executive training programs are booming. Many alternatives are available to CPAs who want to expand their management skills—and enhance their careers.
For all CPAs.

PRACTICE MANAGEMENT/STAFFING CASE STUDY
Recruiting Made Easy
by Deborah J. Sessions
One of the best ways to get good people is to hire them directly from college. That way you can train staff in the unique aspects of your firm from the very beginning. Here’s how one firm does it.
For firms of all sizes.

PRACTICE MANAGEMENT/STAFF RETENTION
Build a Better Career Path
by Joseph A. Tarasco and Nancy A. Damato
Meeting employees’ need to learn and grow in their work will help you keep them, perhaps even long enough to develop them into partners.
For firms of all sizes.

PRACTICE MANAGEMENT/TECHNOLOGY
Small Firm Technology Tips
by Ed McCarthy
You don’t have to have big firm resources to take advantage of the latest technology. This article profiles tech tips and strategies small CPA firms can use to enhance their operations.
For small firms and sole practitioners.

AUDITING
The New World of Auditing Standards
by Robert Tie
The AICPA’s Auditing Standards Board (ASB) is ensuring that generally accepted auditing standards continue to have the strength and scope necessary for high-quality audits. While PCAOB standards apply to audits of public companies, the ASB standards continue to apply to audits of all other entities
ForCPA auditors in industry and public practice, educators and auditing students.

EDUCATION/RECRUITING CASE STUDY
Accounting Academy
by Charles E. Frasier, Susan Coomer Galbreath and Perry G. Moore
In the fall of 2001, the board of directors of the Tennessee Society of CPAs established a summer accounting program to attract academically gifted high school juniors and seniors to the accounting profession. Here’s what they learned in four successful years of conducting the program.
For CPAs and state societies interested in recruiting high-quality students to the profession.

TAX
Tax Reporting for Houses of Worship
by Frances E. McNair and Charles R. Pryor
Answering to a higher authority doesn’t exempt houses of worship from also being responsible to the IRS. Even though churches, synagogues and mosques are tax-exempt, they still might have to file a tax return every year.
For CPAs and other tax professionals.

NEWS

HIGHLIGHTS

NEWS DIGEST
AccountingAuditingFinancial LiteracyFinancial ReportingProfessional IssuesFYI.

THE INTERNET
Smart stops on the Web.

AT A GLANCE: CHARTS AND GRAPHICS
Risk-e mail.
Help wanted.
An unhealthy outlook.
Unwelcome interruptions.
A hearty stock.
Quicker to walk?
(Estate) size matters.
Over-“stated” collections.
A higher standard.

COLUMNS

TOP LINE
News, people, trends and other noteworthy items.

CHECKLIST
Write on.

TAX MATTERS
Tax Case: Allocating tax deficiencies.
Tax Case: Toll phone services not subject to excise tax.
Tax Case: Is disputed partnership income taxable?

FROM THE TAX ADVISER
General welfare exclusion.

TECHNOLOGY Q&A
A drop-down list to the rescueDispose of old computersAdd more colors to your backgroundUseful informationDid you know?A better wayExcel shortcuts.

THE LAST WORD
A closer look at some of the intriguing, inspiring and imaginative folks who are the heart of the AICPA.


In This Issue
 
BUSINESS AND INDUSTRY

News Digest: Accounting

News Digest: Auditing

News Digest: Financial Reporting

News Digest: Professional Issues

A hearty stock

Write on

Be a great manager

The new world of auditing standards

Accounting academy

GENERAL INTEREST

Top Line

Help wanted

News Digest

Risk-e mail

An unhealthy outlook

Unwelcome interruptions

Quicker to walk?

Smart Stops on the Web

Write on

Build a better career path

Rate yourself in the paperless race

Be a great manager

Accounting academy

Technology Q&A

The Last Word

INTERNATIONAL

News Digest: Accounting

Write on

The new world of auditing standards

PRACTICE MANAGEMENT

News Digest: Accounting

News Digest: Auditing

News Digest: Financial Reporting

News Digest: Professional Issues

Smart Stops on the Web

Write on

Recruiting made easy

Build a better career path

Small firm technology tips

Rate yourself in the paperless race

Be a great manager

The new world of auditing standards

Accounting academy

PRIVATE COMPANIES AND OTHER NONISSUERS

News Digest: Auditing

The new world of auditing standards

PROFESSIONAL ISSUES

News Digest: Financial Literacy

News Digest: Professional Issues

News Digest: FYI

Accounting academy

SARBANES-OXLEY

Write on

The new world of auditing standards

SECURITIES AND EXCHANGE COMMISSION

News Digest: Accounting

News Digest: Financial Reporting

The new world of auditing standards

TAXES

Tax reporting for houses of worship

Allocating tax deficiencies

(Estate) size matters

Over-“stated” collections

A higher standard

Toll phone services not subject to excise tax

Is disputed partnership income taxable?

General welfare exclusion

TECHNICAL

News Digest: Accounting

News Digest: Auditing

News Digest: Financial Reporting

The new world of auditing standards

TECHNOLOGY

Risk-e mail

News Digest: Financial Reporting

Smart Stops on the Web

Write on

Small firm technology tips

Rate yourself in the paperless race

Technology Q&A

©2008 AICPA