August 5, 2008

> LAST CHANCE TO MEET ACCOUNTING STUDENTS!

This fall, your firm has a new opportunity to meet up to 400 students at the LEAP Accounting Career Expo. This brand new event—which will be held in St. Louis and Kansas City—features speakers, exhibit time, networking, and dinner with future CPAs.

http://www.mocpa.org/ace
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> New CPA Job Opportunities!

Right now, there are 16 CPA jobs posted on the MSCPA Career Center.

http://careers.mocpa.org/
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> MSCPA Fall Committee Day is Approaching!

If you want to build business contacts, learn best practices, and swap ideas…join one of MSCPA’s fast-paced and rewarding committees! MSCPA committees represent many facets of the CPA profession, as well as an array of MSCPA operational functions. Register now for the next MSCPA Committee Day!

Friday, September 19, 2008
9:30 a.m. to 2:00 p.m.
Courtyard by Marriott in Columbia
Register now!

Review the list of MSCPA committees and sign up today!

http://www.mocpa.org/Content/CommitteesMain.aspx

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> CPA Profession Commits $15 Million to Fill Shortage of Accounting Professors

The Accounting Doctoral Scholars program has been created to help reverse a shortage of Ph.D. accounting faculty in U.S. colleges and universities. The program seeks to encourage persons with significant public accounting experience to become PhDs in the audit and tax disciplines. To date, more than 70 of the country's largest firms, along with several state CPA societies, have committed a total of $15 million to the program.

http://email.aicpa.org/cgi-bin15/DM/y/ecZx0N8WCS0FoG0lWm0E6

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> IRS Releases Updated Drafts of Corporate and Partnership Tax Forms

The IRS has released for public comment draft revisions to Form 1065, U.S. Return of Partnership Income, Form 1120, U.S. Corporation Income Tax Return, and certain related schedules. Included in the release are new Schedule B for Form 1120 and Schedule C for Form 1065. These forms will be for use for tax years ending on or after Dec. 31, 2008.

http://www.irs.gov/newsroom/article/0,,id=185293,00.html
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> SEC To Hold Hearing on IFRS, GAAP Role in U.S. Stock Market Declines

The SEC plans a hearing Aug. 4 to analyze the performance of International Financial Reporting Standards versus U.S. generally accepted accounting principles during the U.S. credit crunch and subprime mortgage meltdown.

http://www.ifrs.com/updates/sec/sec_hearing.html
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> PCAOB Adopts Rules for Succeeding to Registration Status of Predecessor Firm

The PCAOB adopted rules and a corresponding form that govern when a firm would be allowed to succeed to the registration status of a predecessor firm following a merger or other change in the registered firm’s legal form.

http://www.pcaobus.com/News_and_Events/News/2008/07-29.aspx
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> Marketing Core Service And Niche Practices After Sarbanes-Oxley

The Sarbanes-Oxley Act of 2002 turned six years old on July 30. One result of the many far-reaching affects of the legislation has been the growth of specialized practices in small and mid-sized accounting firms that auditors are prohibited from providing by the Securities and Exchange Commission's post-Sarbanes rules, as reported by AccountingWeb.

http://www.accountingweb.com/cgi-bin/item.cgi?id=105693&d=883&h=884&f=882&dateformat=%o%20%B%20%Y

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> GASB Issues a Request for Response on Proposed Suggested Guidelines for Voluntary Reporting of SEA Performance Information

The Governmental Accounting Standards Board (GASB) issued a Request for Response on Suggested Guidelines for Voluntary Reporting of SEA Performance Information.

http://www.gasb.org/news/nr073108.html

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This Week's Headlines

Business Intelligence on The Rise Among Small Businesses
WPA-Enterprise for Small Businesses
Integrating Telephony Into Your Business Processes
Telephone Solutions For Smaller Businesses: Affordability Is Finally Here
Improved Email Management
Putting the Lid on Spam
Monitoring Employee Technology Use
Supporting Remote Workers

CPE 2008
For CPAs in Public Practice

Conferences:

Young & Emerging Professionals Conference
August 20, 2008—St. Louis

Women’s Retreat
August 25, 2008—St. Louis

Visit the MSCPA Conferences Main Page!

Last Chance:

Search all MSCPA courses here!

Sarbanes-Oxley Section 404: What Everyone Needs to Know About Internal Controls (Corporate Version)

August 8, 2008—St. Louis

Basis/Distributions for Pass–Through Entities: An IRS Hot Spot

August 11, 2008—Kansas City

Buying and Selling Businesses: The CPA's Role
August 12, 2008—Kansas City

Construction Contractors: Accounting, Auditing and Tax

August 12, 2008—St. Louis

August 13, 2008—Kansas City

Real Estate Accounting and Auditing

August 14, 2008—Kansas City

Seminars:

Search all MSCPA courses here!

Cost Allocation in Nonprofits: Who Gets It?

September 15, 2008—Kansas City

International versus U.S. Accounting: What in the World is the Difference?

September 16, 2008—St. Louis

Not-for-Profit Accounting & Reporting: From Start to Finish

September 16, 2008—Kansas City

September 17, 2008—Columbia

Employee Benefit and Retirement Planning: Life, Health, and Other Benefit Tools

September 22, 2008—Kansas City

2007 Revised Yellow Book: Government Auditing Standards, The

September 22, 2008—St. Louis

Business Essential Skills Training (Best) Cluster Classes:

Coaching: Enhancing Employee Performance

September 24, 2008—St. Louis

Effective Workplace Communication

September 24, 2008—St. Louis

Difficult People: Success with Finesse

September 25, 2008—St. Louis

CPA's Guide to Improving Communication, Listening & Writing Skills

September 25, 2008—St. Louis

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Technology Tip of the Week

Provided by the MSCPA Information Technology Committee

In Excel, Copying Values

There are many ways that you can use Excel's tools to fill out various cells in a worksheet. One of the most common tools is to copy a cell (or cells) and then paste them into other cells.

To view recently archived issues of

“Technology Tip of the Week,” go to:

http://www.mocpa.org/Content/22269.aspx
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Contact Us

For comments or questions, contact:
Dawn Martin - dmartin@mocpa.org

To view online:
http://www.mocpa.org/Content/files/
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For technical assistance, contact:
Christy Aven -caven@mocpa.org

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Please note: This newsletter may contain commercial material.

Missouri Society of CPAs

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St. Louis, MO 63141

_______________________________________________________­­______ > IRS Releases Updated Drafts of Corporate and Partnership Tax Forms