This week we feature an article about a potential shortfall in
availability of loan funds for college students. There is an
alternative not addressed in the article - work your way
through school. As someone who did just that, working part-time
some semesters, full-time others, and going to school by taking
however many courses I could afford to buy as each semester
began, I can attest to the fact that it was my work experience
during the college years and self-confidence gained from
holding jobs and making my own way through school that made me
marketable to employers when I finally finished school. Rather
than relying on loan money and piling up huge amounts of debt
during the college years, students should be reminded that
there are other ways to get the schooling they desire.
Gail Perry, CPA
A student would like to know how much choice a company has when
it comes to capitalizing assets.
Read and Respond Now
A reader wants to know how much a new CPA certificate is worth
when it comes time to ask for a raise.
Read and Respond Now
What have you got to say today?
Linda Cavanaugh, CPA:
FASB 162 The Hierarchy of Generally Accepted Accounting Principles
In May, 2008, the FASB issued Statement 162 which moves the
GAAP hierarchy out of the auditing standards and into the
accounting guidelines. The FASB and SEC believe that the
hierarchy should be addressed to the entity preparing the
financial statements and not to the auditors....
Financial Reporting Blog
SEC's Hewitt, At FASB Forum, Amplifies Cox' Remarks On IFRS
Rulemaking Coming This Summer;FEI Supports Global Stds, Forms CRIFR
SEC Chief Accountant Conrad Hewitt, speaking earlier today at
FASB's Forum on High Quality Global Accounting Standards,
further amplified the status of SEC's upcoming "IFRS Roadmap,"
following on direct remarks on this topic by SEC Chairman
Christopher Cox which Cox made last week.
Networking Event Follow-up: The Rule of Three
Bruce Allen suggests that three follow-ups from an event are a
lot better than none and I'd have to agree. He says:
One event = one e-mail, one note, one call.
With the best intentions in mind, writing handwritten notes to
everyone you've met is a great idea. But it can seem like a
monumental undertaking, so what happens? Days go by...then
weeks...pretty soon months...and then it's a year. No follow-
ups made. I hate to admit it, but I've done this, too
In the Land of Difficult People:
24 Timeless Tales Reveal How to Tame Beasts at Work
by Terrence L. Gargiulo and Gini Graham Scott
Treasured for centuries, the world's folk tales have left a legacy of wisdom for countless generations. Going beyond simple entertainment, stories such as "The Lion and the Hare" and "The Woodcutter's Daughter" instruct through example how to live in a world populated with dishonest, petty, and conniving characters. In the Land of Difficult People presents 24 charmingly illustrated fables. Taken from around the world, each exemplifies the best methods to use when dealing with difficult people at work. This helpful book identifies eight major types of difficult people, giving readers strategies for working with each of them. From Untrustworthy Ravens to Insincere Monkeys, this instructive collection follows each story with a down-to-earth analysis of how to manage any situation involving the toughest of characters. For anyone venturing "into the woods" of modern-day life, this book is a powerful potion of common sense that will lead to happily-ever-after endings every time.
A Treasury Department spokesperson has said that the White
House memorandum issued on May 9 directing agency heads to
propose new regulations by June 1 and finalize these
regulations by November 1, 2008 will not apply to the Internal
Revenue Service (IRS), CCH reports. Speaking with CCH on May
29, 2008 the spokesperson said that, "Generally, we believe the
White House directive does not affect our normal process of
issuing business plan guidance."
PCAOB adopts rules for accounting firm reporting
Despite new law, students will scramble to find college loans
New debit/credit card law protects merchants
Many people are born leaders, yet the ability to lead is
actually an art and an amazing collection of skills which can
be learned and sharpened. The following top ten daily habits
will help you and/or your clients grow as a leader personally,
professionally, and spiritually.
Be prepared when disaster strikes: Five reminders from the
Illinois CPA Societ
New book offers tips to help small retailers compete
How much are you leaving on the table because of mediocre pricing?
Clifton Gunderson, ranked as one of the nation's largest
certified public accounting and consulting firms, has announced
its external Web Site has received international recognition
for its Web Site design and content. The firm was awarded with
three "2008 Hermes Creative Awards" from the Association of
Marketing and Communication Professionals (AMCP).
Schneider Downs appoints two new shareholders
Illinois CPA Society appoints 2008-2009 board of directors
Blackman Kallick hires practice leaders for State and Local Tax and Risk and Compliance Services
You may think this is a thinly disguised ad designed to sell
computer monitors, but it isn't. More and more accountants are
adopting the practice of using dual monitors ... some are even
using three or four. The results? They are seeing green, in
more ways than one. First, there is much less need to print,
therefore less wasted paper and ink. For many, that's the
You can go green and not give up printing with these tips
Business intelligence: The tip of the iceberg
CPA Technology awards reward innovation