K2 Tech Update Header
Published by
The K2 Enterprises Team
  
JANUARY 2011
Greetings!
 
In this month's K2 Tech Update we discuss the evolution of the Paperless Office.

You'll find technology tips for Windows 7, Excel and Word, along with news about IRS PTIN program, Red Flags Rule, Verizon for the iPhone, and ACPEN Webcasts.

This month our course spotlights are focused on Excel-Based Dashboards, Internal Controls for Small Business Accounting Systems, and Tech Tools for Preventing and Detecting Fraud.

We hope you find this issue timely, relevant, and useful.  If you have topics you'd like us to cover here in the coming months, let us know.

The K2 Team
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Creating User Defined Keyboard Shortcuts in Windows

Are you someone who likes to use keyboard shortcuts? Would you like to be able to create your own keyboard shortcuts to your favorite Windows applications? If you answered "yes" to one or both of these questions, then you will really enjoy learning this very simple - yet very effective - tip for creating your own keyboard shortcuts in Windows.

 


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Getting More than Just Sums with Excel's AutoSum Tool
 

The AutoSum button found on both the Home and Formulas tabs of the Ribbon provides access to more than just the SUM function. Careful scrutiny of the AutoSum button reveals that it contains a drop-down menu that provides access to all functions.

 
 
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Using Word's Building Blocks and Quick Parts Tools

Building Blocks are predefined pieces of document content saved for future use. Building Blocks can contain single or multiple paragraphs of text, tables, lists, or any other form of content. Word includes a number of predefined Building Blocks, including headers, footers, cover pages, text boxes, equations, page numbers, tables, and watermarks. 
 

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Paperless 2.0

 

Paperless 2.0 moves beyond the relatively simple electronic document storage and retrieval tasks found in Paperless 1.0 environments. Though electronic document storage and retrieval tasks remain a component of Paperless 2.0, they are merely that - a component, part of a potentially much larger set of objectives and opportunities.

 

For organizations that have already adopted Paperless 1.0 and for organizations that have been considering going paperless but have yet to pull the trigger, now may just be the time to consider Paperless 2.0.
 

 


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All Paid Tax Preparers Must Register for Preparer Tax Identification Number

 

As a reminder to tax preparers, effective January 1, 2011, all paid preparers - including attorneys, CPAs, and enrolled agents - of any federal tax return or claim for refund must have a Preparer Tax Identification Number (PTIN). 
 
Read more here
 

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icon_newsCPAs in Public Accounting Excempt From Red Flags Rule

 

In a victory for the accounting profession, President Obama signed into law a measure exempting CPAs engaged in public accounting from the Federal Trade Commission's Red Flags Rule. Designed to mitigate identity theft, the Red Flags Rule applies to "financial institutions" and "creditors." As originally interpreted, public accounting firms would have been deemed creditors - and therefore subject to the legislation - if the exemption had not been granted.

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Verizon Makes iPhone Available
 

In a long-awaited move for Verizon subscribers and other cellular customers who want to use an iPhone on a network other than AT&T's, Verizon announced on January 11, 2011, that it will begin offering Apple's iPhone.
  

Read more here

 

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Live Webcast Replays from ACPEN
 

K2 instructors Bob Spencer, Randy Johnston and Will Fleenor partnered with ACPEN to provide 4 eight-hour CPE webcasts targeted to CPAs in industry. These live webcast replays will be held over the next six months.

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Excel-Based Dashboards
 
Dashboard reporting is rapidly becoming the norm for organizations seeking to improve financial and operational reporting processes. Dashboards allow recipients easy access to mission-critical data, usually in an on-demand environment, thereby allowing users to get the information they need when they need it.  With greatly enhanced charting and graphing capabilities, along with the ability to handle much larger volumes of data, Excel is an ideal tool for creating high-impact dashboards in businesses of all sizes.
 
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icon-spotlightInternal Controls For Small Business Accounting Systems

More than ever, the importance of internal controls is being escalated, seemingly on a daily basis.  From large enterprises seeking compliance with provisions of Sarbanes-Oxley to entrepreneurs seeking to grow their businesses, internal controls have taken on an increased level of significance in businesses of all sizes.

 

AboutK2Seminars
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Continuing Professional Education
for Accountants and Financial Professionals


K2 Enterprises offers continuing professional education seminars and conference sessions to accounting and finance professionals throughout the U.S.  

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About K2 Tech Update

K2 Tech Update is published by K2 Enterprises and features technology and productivity news, information, and tips for accounting and financial professionals.

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