PROFESSIONAL
ISSUES
Substantial Equivalency Practice
Privileges
by
James H. Thompson and Andreas Rydholm
The Uniform
Accountancy Act (UAA) introduced the
concept of “substantial
equivalency” to make it easier for
licensed CPAs in good standing to
practice in more than one jurisdiction.
This article discusses the strengths and
limitations of the UAA implementation
process and recent changes to the act.
 For all CPAs.
PERSONAL
FINANCIAL PLANNING/TAX
The Best Use of Spare Cash
by
Gregory G. Geisler
What’s the
most effective use of extra funds? Is it
better to invest, add to retirement
accounts, save for college or pay off
debts? This article provides a
step-by-step approach to ranking the
options.
For CPAs in public practice
who perform personal financial planning
engagements.
PERSONAL
FINANCIAL PLANNING/TAX
Rating 529 College Savings Plans
by
Jan E. Eighme
Long-term
performance is an important consideration
in any investment—but section 529
plans don’t yet have a long track
record. Here’s how CPAs can use
mutual fund ratings to get a better sense
of the performance of these popular
college savings options. 
For CPAs in public practice
who perform personal financial planning
engagements.
TECHNOLOGY
WORKSHOP
Click...and the Database Loads
Into Excel
by
Lois S. Mahoney and Judith K. Welch
Most CPAs work
better in Excel than in a database. But
when it’s time to analyze database
information, they have to go through the
difficult task of converting the data
into Excel. Here’s how to make that
conversion in just one step.
For all CPAs.
FINANCIAL
REPORTING/INTERNAL CONTROLS
Account Reconciliation: An
Underappreciated Control
by
James Brady Vorhies
Since the passage
of the Sarbanes-Oxley Act, the process of
balance sheet account reconciliation has
taken on a more significant role in
helping companies detect and prevent
financial statement misstatements.
For CPAs responsible for
completing account reconciliations.
HIGHLIGHTS
NEWS DIGEST
Accounting…Compliance…Corporate
Reporting…Financial
Reporting…Government
Accounting…International…Personal
Financial Planning…Practice
Management…FYI.
AICPA
SPECIAL REPORT
CPA2Biz
Update
Recently,
the Journal of Accountancy’s
Geoffrey Pickard and CPA2Biz President
and CEO Erik Asgeirsson chatted about the
continued growth of the AICPA’s
majority-owned subsidiary and what’s
on the drawing board for the coming
months. Here’s what they had to say.
THE
INTERNET
Smart stops on the Web.
AT A
GLANCE: CHARTS AND GRAPHICS
A New Year’s job.
A lean year.
CEO? Yes or no?
CFO priorities.
No ID worries.
IRS updates the “Dirty
Dozen.”
Free at last!
E-filers find a permanent home.
IRS costs rise.
TOP
LINE
News, people, trends and other
noteworthy items.
CHECKLIST
Avoid the documentation
nightmare.
TAX MATTERS
Tax Case: Cash advances to a
corporation: Loan or capital
contribution?
Tax Case: Refining the
definition of a personal service
corporation.
Tax Case: Can capital losses be
carried back for the AMT?
FROM THE
TAX ADVISER
Courts
try to distinguish debt from equity.
TECHNOLOGY
Q&A
by
Stanley Zarowin
Get the most out of Word’s
Find and Replace…A
substitute for the hard-to-reach equal
sign…Edit
the recently-used-file list…Nobody
asked me, but….
THE LAST
WORD
A
closer look at some of the intriguing,
inspiring and imaginative folks who are
the heart of the AICPA.
|
| HOME | ARCHIVE | CONTACT | ADVERTISE | SUBSCRIBE | AICPA