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| May 13, 2008 | |||||||
FeaturesTIGTA report: Few businesses claimed telephone tax refundLess than 6 percent of business taxpayers claimed the one-time-only telephone excise tax refund when they filed their tax returns. FASB releases GAAP Hierarchy Statement 162 The Financial Accounting Standards Board (FASB) has issued FASB Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles. The new standard is intended to improve financial reporting by identifying a consistent framework, or hierarchy, for selecting accounting principles to be used in preparing financial statements that are presented in conformity with U.S. generally accepted accounting principles (GAAP) for nongovernmental entities. Thrift is focus of new national campaign A diverse coalition of leaders are launching a national campaign -- with a groundbreaking report, three new books, and artifact exhibit -- today at a conference in Washington, D.C. entitled, "Confronting the Debt Culture." Blogs!What have you got to say today?Eva Lang, aka BV Girl How broad is the current economic slowdown and is it affecting business valuation firms? Two recent items give us some insight into how economic conditions are affecting BV work.... Bill Kennedy, CA.IT, PMP: Energized Accounting Would you like an iron-clad, guaranteed way of annoying your clients and ensuring they think twice before calling you? A friend was venting this week about the bills he was getting from the firm supporting his accounting system... Featured Book
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Editor's NoteMay is National Get Caught Reading Month, according to the
people who put together these celebrations. I was particularly
amused when I followed a link about this celebration to find
that a group promoting National Get Caught Reading Month headed
up their Web page with the statement, "Exersise Your Brain!"
Apparently National Get Caught Spelling month must be scheduled
for sometime later in the year. In any case, I'm all in favor
of reading and this seems like a good time to encourage our
readers to share with us their favorite books. We are in the
process of assembling an AccountingWEB summer reading list and
will welcome suggestions from our readers - so please e-mail us
with your favorite books. Not just business books, mind you,
but any favorites, from children's stories to lengthy tomes.
While we're at it, we might have to think about putting
together a summer exercise program as well - or at least a
spelling bee. |
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