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AICPA's Guide to Reporting and Disclosure Problems for Small Businesses**
(course no. 09032); September 17; GSCPA Training Center; 8 hrs. A&A; Instructor: Dick Townsend. Prepare yourself for issues that may arise in the area of disclosure. Learn to distinguish among error corrections, accounting changes and changes in estimates, deal with ongoing issues of concern, and prepare proper and professional disclosures. Apply generally accepted accounting principles to specific problem areas in compilation, review or audit engagements, and prepare appropriate footnote disclosures.
Financial Statement Analysis: Basis for Management Advice**
(course no. 09041); September 23; GSCPA Training Center; 8 hrs. A&A; Instructor: Vince Flynn. This course presents the financial statements as a set of dynamic instruments that can be used for accurate and timely financial decisions. Discuss the economic and financial conditions that caused the statements to change and discover how clients can manage liquidity, debt, and profitability. Examine the causes of common financial problems such as reduced liquidity, increased leverage, and low profitability.
Want to plan ahead?Click here for a quick view of courses offered over the next three weeks.
**AICPA members qualify for a $30 discount off course fee.
Credits is now available online. To view the most recent issue, please click here.
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Tax Info:
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IRS Acts to Enforce Reporting and Disclosure by Section 527 Political Groups
- The IRS announced new steps to improve reporting and disclosure by tax-exempt “section 527” political groups. The new initiative will include contacting section 527 political groups whose filings appear to be incomplete, were filed late, or were amended and are materially different from the original filing.New Schedule Helps Resolve Employment Tax Discrepancies - The IRS is issuing a new schedule to make it easier for taxpayers to provide the IRS with information about employment tax discrepancies created by an acquisition, statutory merger, or consolidation.
Keep current on tax issues by joining the GSCPA Taxation Section. |
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Resources Available Through Tax Research Network:
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GSCPA section members now have free access to several of CCH’s high quality online resources including certain areas of the Tax Research Network, the Accounting Research Manager’s Weekly Summaries, and Monthly Federal and State Tax Alerts. Some resources include CCH Taxes Magazine, Journal of Retirement Planning, Journal of Practical Estate Planning, and Journal of Tax Practice Management. To receive access, join a section today! There is no fee for section membership. If you are already a member, login to your section’s web site. For more information, contact Don Cook, Sections Manager, 404-504-2935.
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AICPA Survey on Private Company Financial Reporting:
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There is still time for CPAs, bankers, sureties, and other stakeholders to provide their input on the relevance, usefulness and effectiveness of GAAP financial statements for privately held companies. The AICPA sponsored survey will remain open until September 15th
For more information about this initiative, click here.
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SEC Looking Into Reasons for Auditor Turnover:
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With the big increase in the number of breakups between corporations and their auditors, the SEC is looking for the reasons why. By the end of July, more than 900 public companies had either fired or ended relationships with their auditors, which is about the number of breakups that occurred in all of 2003. Complete story. |
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Expert Advice on VOIP, Small Business Computing (08/17/04); Lauren Simonds - Some small to mid-size businesses (SMBs) can significantly cut their communications costs by adopting Voice Over Internet Protocol (VOIP), but CDW senior sales engineer Bryan Cohen urges those that cannot achieve cost savings to stick with traditional PBX phone systems. He explains, "Essentially, VOIP is a compromise of features and cost versus reliability." This update is sponsored by ADP.
Keep current on IT issues and developments by joining the GSCPA Information Technology Section.
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September 10, 2004
