EXECUTIVE SUMMARY THE HOME OFFICE PROVISIONS OF THE TAXPAYER Relief Act of 1997 took effect on January 1, 1999. These new rules should make it possible for more taxpayers to deduct home office expenses because the act expands the definition of a principal place of business. The delivery of a
Breaking News
A Better Way to Gauge Profitability
EXECUTIVE SUMMARY Return-on-equity (ROE) is the correct profit metric to evaluate the performance of a business. However, the primary emphasis on financial ratio analysis must be on operating performance. The “advanced” version of the DuPont model remedies the original model’s failure to cleanly separate the effects of operating and financing...
March 1999 - Journal of Accountancy
IN MY OPINION
It’s Time To Simplify Accounting Standards
All derivative financial instruments are assets or liabilities based on their fair value. Gains and losses on those instruments are reflected in income in the same periods as offsetting losses and gains on qualifying hedged positions. These two relatively straightforward statements are the essence of FASB Statement no. 133, Accounting
FINANCIAL REPORTING
Insurance and Reinsurance Without Risk Transfer
EXECUTIVE SUMMARY TO MEET THE NEED FOR GUIDANCE WHEN deposit accounting applies to insurance and reinsurance contracts, AcSEC issued SOP 98-7, Deposit Accounting: Accounting for Insurance and Reinsurance Contracts That Do Not Transfer Insurance Risk . The statement is effective for financial statements for fiscal years beginning after June 15,
TECHNOLOGY WORKSHOP
How To Link To Web Data
EXECUTIVE SUMMARY SINCE ITS BECOMING increasingly popular to put up-to-date corporate financial statements or other financial data on Web sites, anyone wishing to analyze that information in greater depth conveniently can download the information directly into a spreadsheet. WHO WOULD WANT to use such a tool: People who travel or
MANAGEMENT ACCOUNTING
Cutting Financial Reports Down To Size
EXECUTIVE SUMMARY MOST MANAGERS get inundated at meetings (and elsewhere) with so much financial data that they lose sight of the big picture. It would be better to provide them with financial data in summary or highlighted form. If managers need details, that data can be provided separately. PRESENTING INFORMATION
EMPLOYEE BENEFITS
Ask Your Health Plan To Say Ahhh
EXECUTIVE SUMMARY CHECK THE BALANCE SHEET. CPAs should evaluate the solvency of health care plans they are considering for their company, a client or themselves. Price and quality of care are important, but financial stability over time may be even more so because instability can cause prices to go up
PERSONAL MARKETING
Ace Your Presentations
EXECUTIVE SUMMARY IF YOU PREPARE BEFORE YOU PRESENT, you are more likely to have an influence on your audience. Make sure you know your audiences needs and concerns. Find out what motivates them and how they make decisions. Know the purpose of your presentation and integrate it with what you
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Be prepared for tax season early
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From The Tax Adviser
May 21, 2025
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