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1. Preparing for the Next Opportunity

November 2009 | BY MATTHEW G. LAMOREAUX, PAUL BONNER | Article

Robert R. Harris takes a large view of the profession. He believes the economic crisis, global convergence of standards, a worldwide concern about the depletion of nonrenewable natural resources, and generational changes all present unprecedented opportunities for CPAs. Harris, who was elected to a oneyear term as chairman of the AICPA during the fall Council meeting in October, says he is concerned that young people don’t fully appreciate the innovation and breadth associated with the CPA profession—a view he hopes to foster during his year as chairman.

2. Windows 7: Is It Right for You?

November 2009 | BY SUSAN E. BRADLEY, CPA/CITP/CFF | Article

Windows 7, the newest version of Microsoft’s desktop operating system, comes with numerous functional improvements over its widely used predecessors, Vista and XP. Some of these enhancements—such as more powerful hard drive search and data encryption capabilities—will save time and boost security others, including 64bit application support and Applelike multifinger touchscreen technology for resizing windows, will enable you to do things you couldn’t do on a Windows PC until now.

3. Stop the Letter Designation of a Remote Drive From Arbitrarily Migrating to a Different Letter

November 2009 | BY STANLEY ZAROWIN | Article

Q I use memory sticks frequently because they’re so handy for quick backups and copying or moving files to another computer. Also, I have a remote hard drive for regular backups that is designated my F drive. The memory sticks and the remote drive connect to the computer via USB plugs.

4. Indexing, While Helpful as a Search Tool, Puts a Drag on a Computer

November 2009 | BY STANLEY ZAROWIN | Article

Q My two partners and I use the same make and style of computer, the same XP operating system and pretty much the same application software, plus we maintain the computers with the same antivirus, junkcleaning and performanceenhancing software. Yet one partner’s computer runs significantly faster than the other two.

5. Shortcuts

November 2009 | BY STANLEY ZAROWIN | Article

EXCEL To add a line break inside an individual cell, position your cursor at the place you want the break and press AltEnter. To synchronize data from one cell to another (even in another worksheet), go to the source cell, press , then go to the target cell, and press Enter.

6. A Reader Suggests a Shortcut

November 2009 | BY STANLEY ZAROWIN | Article

If you have a file or folder that you use fairly often but you do not want to clutter your desktop or your Start menu with shortcut icons, consider this method suggested by Paul McClain, controller at the Hillcrest Medical Center in Tulsa, Okla. In Office 2003’s Word or Excel, go to the toolbar and click on File and Open.

7. Panelists Advise Companies to Take Responsibility for XBRL Tagging—Even When Outsourcing

November 2009 | BY Alexandra DeFelice | Article

When reporting financials in XBRL, companies need to take responsibility by documenting the reasons items are tagged the way they are and allocating ample time for management review—even if they outsource the data tagging to a third party, according to panelists at the 2009 XBRL US National Conference that took place in New York this week.

8. CPAs on the Go Embrace Mobile Technology

November 2009 | BY Alexandra DeFelice | Article

CPAs who find themselves on the go are turning to some of the latest phones and mobile applications to do much more than just stay connected to their clients. A CPA Trendlines survey by Bay Street Group LLC conducted for the AICPA during the summer and still open to respondents, posed the openended question, “What’s your favorite tech gizmo, gadget, toy or tool at the moment? And why?” Running down the list, the glaring trend was in mobile devices and other tools for working remotely.

9. IRS Pilot Program Will Allow Truncated Social Security Numbers on Information Returns

November 2009 | Article

The IRS on Thursday announced a pilot program aimed at deterring identity theft (Notice 200993). Under the program, filers of certain paper information returns will be allowed to truncate the payee’s Social Security number on the payee statement. The change affects statements for 2009 and 2010. Only paper payee statements for forms in the 1098, 1099 and 5498 series are eligible for the program.

10. AICPA Files Suit Challenging Identity Theft Rule

November 2009 | Article

The AICPA filed a lawsuit on Tuesday seeking to bar the Federal Trade Commission from applying its socalled Red Flags Rule to CPAs. The Institute says the rule, which is designed to help prevent identity theft, would “impose onerous and unnecessary requirements on AICPA members.” The lawsuit, filed in U.S.