Cohnnection - 2nd Quarter 2009
Welcome to Cohnnection, J.H. Cohn's quarterly e-newsletter.
In this issue, 2nd Quarter 2009, you will read about:
- As mass media delivers punch after punch of economic news, how does one decide which bits are critical today, which an eye should be kept on, and which are useless in current context? In "Snowflakes, Snowballs, and Blizzards," Patrick O'Keefe, J.H. Cohn's Director of Economic Research, explores the significance of the numbers released each month.
- Some have begun to question the possibility of modifying or suspending fair value rules, which require companies to value certain assets at their current market value. In "Understanding FAS 157 and Fair Value Accounting," Wade McKnight, CPA, managing partner of J.H. Cohn's San Diego office and chair of the Firm's Committee on Fair Value, responds to questions about fair value accounting and FAS 157, "Fair Value Measurements."
- As a senior decision maker, you've probably already eliminated unnecessary costs and put increased controls on discretionary spending, but your business process may unlock further savings for you. In "Creating a Lean Management Process Can Unlock Hidden Potential," J.H. Cohn Principal David Rubin examines how the lean management process can help you identify your improvement potential and then leverage those opportunities to enhance productivity and permanently remove waste.
- The United States Congress has the power to regulate trade among the states, but has done little concerning interstate taxation, forcing the courts to deal with its validity. In "Nexus, The Starting Block of State and Local Taxation," Ernest J. Barbaris, J.H. Cohn partner and director of the Firm's state and local taxation group, defines some of the activities that may establish nexus.
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