September 2007/Vol. LXXVII, No. 9

Perspectives

Does Financial Literacy Contribute to Happiness?

Protecting the Tax Dollar

From the Editors

Client-Centered Professional Financial Planning

Premium Financing

Book Review: Personal Financial Planning

Inbox: Letter to the Editor

Essentials

Accounting & Auditing
Regulation of the Profession
Sarbanes-Oxley, Accounting Scandals, and State Accountancy Boards

Accounting
Accounting for the Purchase of Life Settlement Contracts

Understanding Disclosures of Postretirement Healthcare Obligations

Financial Accounting
Variances, Incentives, and SFAS 151

Taxation
Federal Taxation
Nondeductible Versus Deductible Expenses

Second Circuit Rules on Deductibility of Investment Advisor Fees Incurred by Trusts

Can a Video Poker Player Qualify as a Professional Gambler for Tax Purposes?

Finance
Personal Financial Planning
Rethinking College Savings Strategies

Educational Tax Benefits

Using 'Monte Carlo' Simulations to Enhance Planning Recommendations

Management
The CPA in Industry
Effective Controls for Sales Through Distribution Channels

Ten Practical Suggestions for Terminating an Employee

Corporate Finance
Funding OPEB Liabilities: A Proposal for the Automotive Industry

Responsibilities & Leadership
Future of the Profession
Assessing the 'New Information Professional' Beyond College

Accounting Accreditation

Technology
What to Bookmark
Website of the Month: Benefit Plans Plus

Economic & Market Data
Monthly Update
(requires Adobe Acrobat)

Editorial
'Help Your Clients Prepare for Opportunity



The CPA Journal is broadly recognized as an outstanding, technical-refereed publication aimed at public practitioners, management, educators, and other accounting professionals. It is edited by CPAs for CPAs. Our goal is to provide CPAs and other accounting professionals with the information and news to enable them to be successful accountants, managers, and executives in today's practice environments.

©2009 The New York State Society of CPAs. Legal Notices