E-Commerce
THE B-to-B VIRTUAL BAZAAR
Russ Banham
The phenomenal growth of the Internet’s business-to-business (B-to-B) marketplace—which is providing the foundation for a global virtual bazaar in which companies all around the world can easily do business with each other—is opening opportunities for corporate CPAs and financial managers.

Business and Industry
CAPITALIZING SOFTWARE AND CREATING BUSINESS VALUE
Walter DuLaney
What changes have companies made to their accounting and information technology practices as a result of implementing SOP 98-1? With proper planning, companies can leverage the SOP’s requirements to improve business performance.

Technology Workshop
GETTING NUMBERS TO TELL THE STORY
Keith Herrmann
Excel lets you turn raw numbers into graphs and charts that tell the story with eye-appealing power. This article shows you how to come up with an even wider choice of graphics.

Practice Management
CONFRONTING RETIREMENT
Elizabeth Danziger
A surprising number of CPAs are dealing with retirement by burying their heads in the sand. This article looks at why many CPAs have chosen to ignore this important issue and provides an overview of the two most common CPA-firm retirement plans.

Education/Careers
THOSE WHO CAN…TEACH
Michael J. Meyer and Pierre L. Titard
Seasoned accountants who are willing to earn a doctorate will be in demand on college campuses—as professors. Discover whether the unique rewards and challenges of the academic life are for you, and read how to research where to earn your PhD.

Tax
BEYOND SECTION 1031
Ronald L. Raitz and Bridgette M. Raitz
Taxpayers who want to exchange real estate or personal property without incurring the tax consequences have a number of specialized exchange techniques available to them that go beyond the standard section 1031 exchange.

NEWS

Financial Reporting
FASB amends Statement no. 133 on derivatives.

In its new guidance on stock compensation, FASB clarifies the definition of the word “employee” in relation to option repricing decisions.

Auditing
Special Report: SEC Chairman Arthur Levitt stirs passions in the halls of government and the accounting profession by renewing his call for intensified oversight of auditor independence.

Addendum to Special Report

Government Accounting
GASB Statement no. 36 alters accounting for some shared revenues by amending paragraph 28 of the earlier issued Statement no. 33.

FASAB approves Statement no. 18, which focuses on amendments to accounting standards for direct loans and loan guarantees.

By the Numbers
More women than men view corporate travel as an opportunity.

The Internet
Smart stops on the Web.

At a Glance: Charts and Graphics
Companies use sweet deals to attract execs.

E-filing on the rise.

COLUMNS

Checklist
How to succeed in business by really trying.

Tax Matters
Tax preparer-as-designee option on 1040 to begin in 2001.

Tax Brief. New twist on S corp. shareholder debt loss deductions.

Tax Brief. Size of auto for business use can affect depreciation.

Tax Brief. Don’t forget to formally elect to aggregate real estate rental activities.

Tax Case. More on divorce.

Line Items.

Tax Focus
Got tips? Better report them.

From the Tax Adviser
Compensating employees with nonemployer stock options.

Marketing Clinic
Tips for direct mail marketing.

Technology Q&A
Breaking the password code…Ah, those built-in Windows utilities…How to get to the desktop quickly…You can put AutoComplete on hold…Solving table complexities…Now you can add a path statement in an Excel footer.

Inside AICPA
Harding recognized for XBRL efforts.

Mark Sever appointed new chairman of AcSEC.

Special Report: New IT designation will help CPAs make business sense out of technology.

Letters
Another approach to Roth IRA conversions.

The role of ERP software revisited.

Index mutual funds and tax efficiency.

Billing tips.

Golden Business Ideas
Practical ideas for improving your business.