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August 1999 Vol. 188 No. 2
Table of Contents

Publisher's Info Page
Articles
This symbol identifies articles in the home study CPE Program.

Personal Financial Planning
10 COMMANDMENTS OF MUTUAL FUND INVESTING
Robert R. Thomas and Richard C. Musar
Some proven strategies to help CPAs get a handle on which of the thousands of equity mutual funds are suitable for which clients.

Personal Financial Planning/ Assurance Services
BUYER BEWARE
Richard J. Bergstrom
Long-term-care insurance holds pitfalls for all purchasers, including young ones. CPAs should know what to look for and what their clients need to avoid.

Management Accounting
LEARNING TO LOVE ABC
Gary Cokins
Most accountants have never been comfortable with activity-based costing—they find the setup process difficult and time consuming. An ABC systems expert says that's because CPAs strive for perfection, and with ABC that's often not necessary.

Management Accounting/Case Study
YES, ABC IS FOR SMALL BUSINESS, TOO
Douglas T. Hicks
Is activity-based costing only for large businesses? Nope. In reality, it's an effective tool that can save money for any size and type of organization.

Corporate Finance
WHO SAYS IT'S A FAIR DEAL?
Paul Sweeney
Just because an investment banker pronounces the price of a deal to be fair doesn't mean it is. Financial executives and investors tempted to rely on such opinions would do well to pursue their own due diligence independently.
Case studies: The Cendant deal and the Tropical-Farah deal.

International Risk Management/ Case Study
EASTERN EXPOSURE
Alan Gersten
When a U.S. company tried to mine some of Asia's wealth, economic and social turmoil left it struggling to keep the project on track. This case study looks at how companies minimize international risk.

Technology/Software
HOW TO SELECT THE RIGHT ACCOUNTING SOFTWARE
J. Carlton Collins
In this, the first of a three-part series, check out how to choose the right accounting software package to meet the needs of your company or client.

In My Opinion
WHAT'S IN A NAME CHANGE?
Lowell S. Pethley and Richard I. Fremgen
Redefining "accounting profession" is now an open discussion. Two members weigh in with their ideas about how adopting the title "information consultant" would help better position CPAs for the challenges of the future.

Tax
ROTH IRAs: CONVERTING, RECHARACTERIZING AND RECONVERTING
Linda M. Johnson
For certain taxpayers, there could be major benefits to changing their minds about Roth IRA conversions—in 1999 and beyond.  

NEWS

International Accounting
IFAC discusses the role of accountants in fighting corruption.

Financial Accounting
FASB postpones adoption of derivative accounting rules.

Auditing
AICPA and SEC concur on standards revision.

The Internet
Smart stops on the Web.

Auditing
New SAS exposure draft requires managers to disclose all audit adjustments.

Education
Study sheds new light on who employers are willing to hire.

By the Numbers
Economic impact of women business owners continues to grow.

FYI
News, notes and items of interest.

COLUMNS

Monthly Checklist Series
What are the risks?

Tax Matters
Tax case: Recent decision on losses on transactions between commonly controlled corporations.

From the Tax Adviser
Rent inducements.

Letters

Golden Business Ideas



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©1999 AICPA