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FIN 48 adds major new tax
documentation and disclosure requirements on a scale unseen since passage of the
Sarbanes-Oxley Act in 2002—and is now in effect for fiscal years ending
December 15, 2006. You need to know how to: ·
Define what constitutes a tax position ·
Apply the more-likely-than-not recognition threshold ·
Measure the largest amount of tax benefit available under FIN 48 MSCPA
offers four-hour courses to help you learn about the details of FIN 48! > Want to Present On CPA Careers At A Register today for this FREE event! Are you
thinking about becoming a high school LEAP Ambassador and want to know what
it entails? Are you already a LEAP Ambassador and want to sharpen up
your presentations? Then the LEAP Ambassador Training Sessions are
perfect for you! Come network
with fellow ambassadors and enjoy a full day of refreshing ambassador
presentation information, ways to integrate financial literacy, as well as a
high school teachers' panel session. COMPLIMENTARY! LUNCH PROVIDED! http://www.mocpa.org/Content/22190.aspx > LAST CHANCE! Make
Plans to Attend the Industry Networking Roundtable!! Make
plans to attend the upcoming Industry Networking Roundtable! Take advantage
of this opportunity to meet other CPAs in the industry sector, exchange
ideas, and discuss the challenges you face daily. All roundtables meet from 10:00 a.m .-
2:00 p.m., and lunch is provided. Date: Friday,
May 18, 2007 (Committee Day II) Location: > COMMITTEE DAY IS IN
TWO WEEKS! Committee
Day is around the corner on Friday, May 18, 2007! Friday, May 18, 2007 > Tug Of
War: Five Years Later, Sarbanes-Oxley Ropes In Mixed Results The Kansas City Business
Journal reports that nearly five years after Congress passed the
Sarbanes-Oxley Act of 2002, no one can agree whether the net results are good
or bad for the economy. > Few Private CEOs Know
About 2006 Pension Reform Act As reported by AccountingWeb, most CEOs of fast-growth private
companies, ranging in size from $5 million to $150 million in revenue/sales,
say they are not knowledgeable at all about the new Pension Reform Act,
according to a recent Trendsetter Barometer survey by PricewaterhouseCoopers
(PwC). http://www.accountingweb.com/cgi-bin/item.cgi?id=103471&d=815&h=817&f=816&dateformat= > CFOs:
Poor XBRL Info From Accounting Industry In a
national survey of CFOs and senior comptrollers, 85 percent of respondents
say the accounting industry has failed to adequately communicate the benefits
of XBRL for internal and external financial reporting. http://accounting.smartpros.com/x57387.xml > The
Treasury Department and the IRS have issued final regulations on the
treatment of non-qualified deferred compensation plans and arrangements under
section 409A of the Internal Revenue Code. http://www.treasury.gov/press/releases/hp345.htm >
Is Your Ethics
Program Working? Ethical behavior, honesty and integrity are issues that senior executives routinely identify as top priorities on their companies' agendas. But the mere presence of codes of conduct, compliance training and publicized reporting systems does not ensure a company has eliminated an environment that allows or encourages unethical misconduct. This is particularly true when constant pressure to perform and meet targets for short-term objectives drive employee behavior. http://accounting.smartpros.com/x57555.xml > Study: CEOs See Strong Bonuses, Equity Gains Chief
executive officers at the nation’s largest companies saw their annual
bonuses increase 13 percent and the value of their equity-based compensation holdings
grow nearly 50 percent last year, according to an analysis of proxy
statements conducted by Watson Wyatt Worldwide. http://www.watsonwyatt.com/news/press.asp?ID=17245 > 20 Most Profitable
Companies Of 2006 Exxon
Mobil topped Fortune's list of last
year's richest companies. Who else made the cut? _____________________________________________________ Information
Inc.'s handcrafted business intelligence services provide up-to-the-minute
information on critical issues. Decision-makers in more than 2,000 major
corporations, associations and government agencies worldwide have relied on
our comprehensive news services for the past 22 years. To learn how our
timely, targeted, custom services can help you compete in the 21st century,
go to: http://www.infoinc.com/s
tatecpa/contact.html |
CPE 2007 For CPAs in Business and Industry Seminars: Profit Improvement—10 Tips
for a Better Bottom Line & Corporate Ethics Update Excel for Advanced
Users—Data Analysis and Advanced Capabilities Accounting For Deferred Income
Taxes: SFAS No. 109/FIN48 4 CPE Credit Hours New FASB Developments for Business
& Industry 4 CPE Credit Hours Planning & Budgeting: Mapping
the Company's Future 4 CPE Credit Hours Real World Business Ethics for
CPAs in Business & Industry: How Will You React? 4 CPE Credit Hours Cash Flow Statements: Preparation
& Presentation Options 4 CPE Credit Hours Controller's Update: Latest Trends
for Today's Financial Manager 4 CPE Credit Hours CPAs Guide to Improving
Communication, Listening & Writing Skills 4 CPE Credit Hours Revenue Recognition: Getting it
Right 4 CPE Credit Hours Implementing Fin 48 Now!
Accounting for Uncertainty in Income Taxes June 4,
2007— 4 CPE Credit Hours June 5,
2007— 4 CPE Credit Hours Conferences: School Audit Conference May 14,
2007— Information Technology Conference June 20,
2007— ________________________________ Technology Tip of the Week Provided
by the MSCPA Information Technology Committee In
Excel, Colorizing Charts If you have a pie chart with a large number of sections, getting
unique colors for each section might be a problem. Or, perhaps your printer
doesn't print colors exactly as they are on your screen so some colors which
appear quite distinct on the screen will print out nearly the same. To view recently archived issues of
"Technology Tip of the Week," go to: http://www.mocpa.org/Content/22269.aspx
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