If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
<br /> Staying Ahead<br /> in the Count<br /> Behind the Numbers<br /> of Major League<br /> Baseball<br /> An Interview with<br /> MLB CFO<br /> Jonathan<br /> Mariner<br />  Tax Considerations in Plant Location  Disclosure Agreements and Independence<br />  Audit Committee Weaknesses in Smaller Companies<br /> <br /> $12 million revolving credit line and a $1.5 million<br /> term loan for a regional staffing services and<br /> consulting company<br /> $4 million factoring facility to an importer<br /> of women’s sportswear & outerwear<br /> $7 million line of credit to a wholesale electrical<br /> supplier and distributor<br /> $7.5 million working capital line of credit<br /> to a multi-specialty group medical practice<br /> $5 million factoring facility to an importer<br /> of women’s legwear<br /> Approved $14.0 million revolving credit line and a $1<a title="The CPA Journal - December 2009 page 1" href="http://viewer.zmags.com/publication/510c0126?page=1"> Staying Ahead in the Count Behind the Numbers</a> <a title="The CPA Journal - December 2009 page 2" href="http://viewer.zmags.com/publication/510c0126?page=2"> </a> <a title="The CPA Journal - December 2009 page 3" href="http://viewer.zmags.com/publication/510c0126?page=3"> $12 million revolving credit line and a $1.5 mill</a> <a title="The CPA Journal - December 2009 page 4" href="http://viewer.zmags.com/publication/510c0126?page=4"> C ONTENTS december 2009 </a> <a title="The CPA Journal - December 2009 page 5" href="http://viewer.zmags.com/publication/510c0126?page=5"> vol. LXXIX/no.12 6PERSPEC</a> <a title="The CPA Journal - December 2009 page 6" href="http://viewer.zmags.com/publication/510c0126?page=6"> Publisher LOUIS GRUMET Associate Pu</a> <a title="The CPA Journal - December 2009 page 7" href="http://viewer.zmags.com/publication/510c0126?page=7"> The less sure you are of the economy, the more su</a> <a title="The CPA Journal - December 2009 page 8" href="http://viewer.zmags.com/publication/510c0126?page=8"> P ERSPECTIVES historical perspective Jennie</a> <a title="The CPA Journal - December 2009 page 9" href="http://viewer.zmags.com/publication/510c0126?page=9"> publisher's column Bring Back Glass-Steagall</a> <a title="The CPA Journal - December 2009 page 10" href="http://viewer.zmags.com/publication/510c0126?page=10"> (Continued from page 6) States. Because accountin</a> <a title="The CPA Journal - December 2009 page 11" href="http://viewer.zmags.com/publication/510c0126?page=11"> Construction and the Use of Words in Accountants'</a> <a title="The CPA Journal - December 2009 page 12" href="http://viewer.zmags.com/publication/510c0126?page=12"> Poetry Palen was also a noted poet, having de</a> <a title="The CPA Journal - December 2009 page 13" href="http://viewer.zmags.com/publication/510c0126?page=13"> </a> <a title="The CPA Journal - December 2009 page 14" href="http://viewer.zmags.com/publication/510c0126?page=14"> recognition Recognition The editors would like</a> <a title="The CPA Journal - December 2009 page 15" href="http://viewer.zmags.com/publication/510c0126?page=15"> future of the profession Closing </a> <a title="The CPA Journal - December 2009 page 16" href="http://viewer.zmags.com/publication/510c0126?page=16"> problematic, so they tend to be home- grown withi</a> <a title="The CPA Journal - December 2009 page 17" href="http://viewer.zmags.com/publication/510c0126?page=17"> inbox: letter to the editor In the O</a> <a title="The CPA Journal - December 2009 page 18" href="http://viewer.zmags.com/publication/510c0126?page=18"> In Focus </a> <a title="The CPA Journal - December 2009 page 19" href="http://viewer.zmags.com/publication/510c0126?page=19"> STAYING AHEAD IN THE COUNT An Interview with Jona</a> <a title="The CPA Journal - December 2009 page 20" href="http://viewer.zmags.com/publication/510c0126?page=20"> “A CPA's Career in Industry The ch</a> <a title="The CPA Journal - December 2009 page 21" href="http://viewer.zmags.com/publication/510c0126?page=21"> </a> <a title="The CPA Journal - December 2009 page 22" href="http://viewer.zmags.com/publication/510c0126?page=22"> </a> <a title="The CPA Journal - December 2009 page 23" href="http://viewer.zmags.com/publication/510c0126?page=23"> some teams pay the luxury tax. There is also no l</a> <a title="The CPA Journal - December 2009 page 24" href="http://viewer.zmags.com/publication/510c0126?page=24"> and people generates an economic benefit to a cit</a> <a title="The CPA Journal - December 2009 page 25" href="http://viewer.zmags.com/publication/510c0126?page=25"> It is a challenge trying to convince the fans tha</a> <a title="The CPA Journal - December 2009 page 26" href="http://viewer.zmags.com/publication/510c0126?page=26"> A CCOUNTING & AUDITING auditing </a> <a title="The CPA Journal - December 2009 page 27" href="http://viewer.zmags.com/publication/510c0126?page=27"> resources can be useful for small businesses seek</a> <a title="The CPA Journal - December 2009 page 28" href="http://viewer.zmags.com/publication/510c0126?page=28"> EXHIBIT 1 </a> <a title="The CPA Journal - December 2009 page 29" href="http://viewer.zmags.com/publication/510c0126?page=29"> EXH</a> <a title="The CPA Journal - December 2009 page 30" href="http://viewer.zmags.com/publication/510c0126?page=30"> </a> <a title="The CPA Journal - December 2009 page 31" href="http://viewer.zmags.com/publication/510c0126?page=31"> and how those risks are mitigated. In terms of ev</a> <a title="The CPA Journal - December 2009 page 32" href="http://viewer.zmags.com/publication/510c0126?page=32"> A CCOUNTING & AUDITING accounting Prot</a> <a title="The CPA Journal - December 2009 page 33" href="http://viewer.zmags.com/publication/510c0126?page=33"> </a> <a title="The CPA Journal - December 2009 page 34" href="http://viewer.zmags.com/publication/510c0126?page=34"> under the fraudulent transfer provisions of 11 US</a> <a title="The CPA Journal - December 2009 page 35" href="http://viewer.zmags.com/publication/510c0126?page=35"> meaningful opportunity to reorganize and obtain a</a> <a title="The CPA Journal - December 2009 page 36" href="http://viewer.zmags.com/publication/510c0126?page=36"> A CCOUNTING & AUDITING standards setting </a> <a title="The CPA Journal - December 2009 page 37" href="http://viewer.zmags.com/publication/510c0126?page=37"> Unlike IFRS adoption, where national standards</a> <a title="The CPA Journal - December 2009 page 38" href="http://viewer.zmags.com/publication/510c0126?page=38"> The measurement of a performance obli- gation</a> <a title="The CPA Journal - December 2009 page 39" href="http://viewer.zmags.com/publication/510c0126?page=39"> </a> <a title="The CPA Journal - December 2009 page 40" href="http://viewer.zmags.com/publication/510c0126?page=40"> </a> <a title="The CPA Journal - December 2009 page 41" href="http://viewer.zmags.com/publication/510c0126?page=41"> emphasizes changes in rights and obliga- tions un</a> <a title="The CPA Journal - December 2009 page 42" href="http://viewer.zmags.com/publication/510c0126?page=42"> T AXATION corporate taxation </a> <a title="The CPA Journal - December 2009 page 43" href="http://viewer.zmags.com/publication/510c0126?page=43"> The reasons are as follows. First, three of the f</a> <a title="The CPA Journal - December 2009 page 44" href="http://viewer.zmags.com/publication/510c0126?page=44"> chase of tangible personal property used in </a> <a title="The CPA Journal - December 2009 page 45" href="http://viewer.zmags.com/publication/510c0126?page=45"> Non-Inventory Assets Used in the Manufacturing Pr</a> <a title="The CPA Journal - December 2009 page 46" href="http://viewer.zmags.com/publication/510c0126?page=46"> [g][1]; New York Tax Law section 1105[c][3]; NYCR</a> <a title="The CPA Journal - December 2009 page 47" href="http://viewer.zmags.com/publication/510c0126?page=47"> APPENDIX COMPARISON OF SALES/USE TAX EXEMPT AND </a> <a title="The CPA Journal - December 2009 page 48" href="http://viewer.zmags.com/publication/510c0126?page=48"> manufacturing, processing, or fabrica- tion that </a> <a title="The CPA Journal - December 2009 page 49" href="http://viewer.zmags.com/publication/510c0126?page=49"> person who directly or indirectly fur- nishes the</a> <a title="The CPA Journal - December 2009 page 50" href="http://viewer.zmags.com/publication/510c0126?page=50"> ■ Barrels, bottles, boxes, bags, cartons, or simi</a> <a title="The CPA Journal - December 2009 page 51" href="http://viewer.zmags.com/publication/510c0126?page=51"> ■ Tangible personal property shipped to Florida, </a> <a title="The CPA Journal - December 2009 page 52" href="http://viewer.zmags.com/publication/510c0126?page=52"> T AXATION state & local taxation New Yor</a> <a title="The CPA Journal - December 2009 page 53" href="http://viewer.zmags.com/publication/510c0126?page=53"> Property Receipts Pa</a> <a title="The CPA Journal - December 2009 page 54" href="http://viewer.zmags.com/publication/510c0126?page=54"> ment entity other than the U.S. secretary of the </a> <a title="The CPA Journal - December 2009 page 55" href="http://viewer.zmags.com/publication/510c0126?page=55"> </a> <a title="The CPA Journal - December 2009 page 56" href="http://viewer.zmags.com/publication/510c0126?page=56"> F INANCE personal financial planning Inv</a> <a title="The CPA Journal - December 2009 page 57" href="http://viewer.zmags.com/publication/510c0126?page=57"> USING PROBABILITY TO MAP THE UNKNOWN B </a> <a title="The CPA Journal - December 2009 page 58" href="http://viewer.zmags.com/publication/510c0126?page=58"> EXH</a> <a title="The CPA Journal - December 2009 page 59" href="http://viewer.zmags.com/publication/510c0126?page=59"> inal trajectory is determined chiefly by the star</a> <a title="The CPA Journal - December 2009 page 60" href="http://viewer.zmags.com/publication/510c0126?page=60"> EXHIBIT 5 </a> <a title="The CPA Journal - December 2009 page 61" href="http://viewer.zmags.com/publication/510c0126?page=61"> the middle of each bar represents the expected we</a> <a title="The CPA Journal - December 2009 page 62" href="http://viewer.zmags.com/publication/510c0126?page=62"> M ANAGEMENT practice management Voluntary </a> <a title="The CPA Journal - December 2009 page 63" href="http://viewer.zmags.com/publication/510c0126?page=63"> a prohibited nonaudit service under the Sarbanes-</a> <a title="The CPA Journal - December 2009 page 64" href="http://viewer.zmags.com/publication/510c0126?page=64"> anonymity be a factor for determining whether the</a> <a title="The CPA Journal - December 2009 page 65" href="http://viewer.zmags.com/publication/510c0126?page=65"> </a> <a title="The CPA Journal - December 2009 page 66" href="http://viewer.zmags.com/publication/510c0126?page=66"> vice is provided, could be provided only by someo</a> <a title="The CPA Journal - December 2009 page 67" href="http://viewer.zmags.com/publication/510c0126?page=67"> VDA Services and Advocacy The rules dealing w</a> <a title="The CPA Journal - December 2009 page 68" href="http://viewer.zmags.com/publication/510c0126?page=68"> and are provided in the context of an admin- istr</a> <a title="The CPA Journal - December 2009 page 69" href="http://viewer.zmags.com/publication/510c0126?page=69"> Don’t let the JANUARY TEMPERATURES keep you from </a> <a title="The CPA Journal - December 2009 page 70" href="http://viewer.zmags.com/publication/510c0126?page=70"> R ESPONSIBILITIES & LEADERSHIP corporate go</a> <a title="The CPA Journal - December 2009 page 71" href="http://viewer.zmags.com/publication/510c0126?page=71"> years beginning after June 15, 2005. SFAS 123(R) </a> <a title="The CPA Journal - December 2009 page 72" href="http://viewer.zmags.com/publication/510c0126?page=72"> firm's stock price. The SEC lays the frame- work </a> <a title="The CPA Journal - December 2009 page 73" href="http://viewer.zmags.com/publication/510c0126?page=73"> By now, we hope, you are aware of the many new re</a> <a title="The CPA Journal - December 2009 page 74" href="http://viewer.zmags.com/publication/510c0126?page=74"> T ECHNOLOGY what to bookmark </a> <a title="The CPA Journal - December 2009 page 75" href="http://viewer.zmags.com/publication/510c0126?page=75"> panies increased or maintained their previ- ous c</a> <a title="The CPA Journal - December 2009 page 76" href="http://viewer.zmags.com/publication/510c0126?page=76"> Classified PROFESSIONAL OPPORTUNITY l BUSINESS l</a> <a title="The CPA Journal - December 2009 page 77" href="http://viewer.zmags.com/publication/510c0126?page=77"> Controller, LaGrange, GA: Plan, direct, and coord</a> <a title="The CPA Journal - December 2009 page 78" href="http://viewer.zmags.com/publication/510c0126?page=78"> Downtown Syracuse Discounted Offices </a> <a title="The CPA Journal - December 2009 page 79" href="http://viewer.zmags.com/publication/510c0126?page=79"> BOOKKEEPING USA 212-843-3277 Fu</a> <a title="The CPA Journal - December 2009 page 80" href="http://viewer.zmags.com/publication/510c0126?page=80"> </a> <a title="The CPA Journal - December 2009 page 81" href="http://viewer.zmags.com/publication/510c0126?page=81"> E CONOMIC & MARKET D ATA monthly update</a> <a title="The CPA Journal - December 2009 page 82" href="http://viewer.zmags.com/publication/510c0126?page=82"> E DITORIAL a message from the editor-in-chie</a> <a title="The CPA Journal - December 2009 page 83" href="http://viewer.zmags.com/publication/510c0126?page=83"> </a> <a title="The CPA Journal - December 2009 page 84" href="http://viewer.zmags.com/publication/510c0126?page=84"> </a>