Journal of Accountancy articles from October 2005

Journal of Accountancy archives from October 2005

100 years of the journal.
October 1, 2005... The 19th century heralded the Industrial Revolution, whetting the interest of potential investors in reliable financial information. With the promise of free markets and the rise of large industrial corporations such as U.S. Steel, America's...

Bankruptcy protection for IRAs and retirement plans: tracing rollovers now gains paramount importance.
October 1, 2005... The new bankruptcy act entitled the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" was enacted on April 20, 2005. Let's call the new law BAPCPA, for short. Although traditional IRAs and Roth IRAs are granted limited...

Did you know ... think you know every single thing about the JofA - and the profession itself? You'll be surprised at some of the unusual details we've uncovered.(Journal of Accountancy)
October 1, 2005... All About the JofA * The first JofA was published on the eve of momentous events in U.S. history. A year after the JofA's birth, the great earthquake and fire destroyed San Francisco. Two years later, the last of the federal lands--in...

The accounting profession: looking ahead: some key leaders identify the current initiatives that will shape developments.
October 1, 2005... If the last century of progress is any indication, you won't recognize the profession 100 years from now. Fasten your seat belts. CHANGES IN STANDARD SETTING After a challenging period, the profession has demonstrated it maintains...

Accounting for the journal's first 100 years: a timeline from 1905 to 2005.
October 1, 2005... The century of American accounting the Journal of Accountancy has recorded so far has seen the growth of regulations, organizations and technological innovations. In contrast, during the previous 100 years, accounting and auditing...

Not your grandfather's CPA firm: is anything the same a hundred years later? Only the CPAs' skills and credibility.(certified public accountants)
October 1, 2005... Del Lienemann Sr. knew an opportunity when he saw one. So when the 25-year-old accountant set up his own shop in Lincoln, Neb., in 1945, he made a conscious decision to specialize in providing tax and bookkeeping services for small Main Street...

Oh, the places you'll go! CPA's today have career options even they never envisioned 100 years ago.(certified public accountants)
October 1, 2005... "If a census of business houses could be taken, it would probably be discovered that 90% of the business men of the United States have never employed a public accountant and have no idea that such a man could be of any service to them except...

A history of determination: minority CPAs have come a long, way, but true diversity has yet to be achieved.(certified public accountants)
October 1, 2005... In the profession's early years, despite being highly educated, CPAs of color faced challenges in meeting the profession's experience requirements and in practicing accountancy. "For most of the twentieth century, virtually no whites would hire...

Thirty years at the helm: for a look at the JofA through the eyes of those who helped create it, we brought together current editor and publisher Colleen Katz and former editors Barbara J. Shildneck and Lee Berton to reminisce about their collective three decades at the top of the masthead.(Journal of Accountancy)
October 1, 2005... LEE BERTON, editor from 1975 to 1983: When I was editor, technology was becoming an important issue--Arthur Andersen was already selling technology products and software. When it spun off its consulting practice, people realized that was the...

Lawler Award winners: the journal's literary luminaries.
October 1, 2005... Since 1976 the JofA's editorial advisory board has selected the best article of each year to receive the John Lawler Award for editorial excellence. The award is named for John L. Lawler, a former JofA editor who also held a number of other...

Lights, camera, accountants.
October 1, 2005... If it's true that art imitates life, then CPAs and accountants have been immortalized on celluloid since the early days of the medium. Here are some films that feature members of the profession--for better or for worse. We Who Are Young...

A tour of tomorrow's technology: don't let the future sneak up on you.
October 1, 2005... Imagine you're a CPA from 100 years ago who's just been zapped into 2005. Would you understand even half of the technology the profession now uses to conduct business? Probably not. But that's just a fantasy, you might say. Well, think...

Playing a leadership role in international convergence: a chance to set an example on the world stage.(convergence of international financial reporting standards)
October 1, 2005... Convergence of international financial reporting standards has received enormous attention over the last decade and particularly over the last few years. Earlier this year, the leaders of the International Accounting Standards Board and the...

Exploring the global marketplace: succeeding locally involves thinking globally.
October 1, 2005... Walking through the spice markets of Tashkent or down the Champs-Elysees in search of something unique that I can't find at home, I am struck by two things: * Nothing has changed in hundreds of years. Marco Polo, Christopher Columbus and...

Take a seat in the boardroom: a new role in corporate governance.
October 1, 2005... CPAs are beginning to see some familiar faces in corporate boardrooms--including their own. Until recently, most boards were made up largely of CEOs of other organizations. In the past few years though, board members' backgrounds have become...

Accounting education changes course: communication skills and real-world cases broaden the syllabus.
October 1, 2005... Twenty years ago detractors of accounting education were plentiful among practitioners and academics alike. The heart of their complaint was that university accounting curricula drilled students in rote technical memorization at the expense of...