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April 30, 2008

Accounting Standards Added to RIA CheckPoint

The AICPA, FASB, and GASB standards are now available through RIA CheckPoint (generic logon). RIA CheckPoint can be accessed:

1. On the Rod Library home page under Databases A-Z

3. and on this page of the Business Portal

3. Or through this direct link

Here are two ways to access the standards, if you are using a link that does not take you directly to the standards.

After reaching RIA CheckPoint, note the "Search Practice Area" drop-down in the upper left corner of the screen. Change this from Federal to "Acct, Audit, & Corp Finance." AICPA, FASB, and GASB will appear on the right side of the screen. A particular standards body can be checked and then searched.

Another approach is to click the Table of Contents link on the right side of the screen. Then click the + sign next to Accounting, Audit & Corporate Finance Library, then the + sign next to Regulations and Standards. Continue drilling down, by clicking the + sign next to AICPA, FASB, or GASB. Or, click a particular standards body and do a keyword search.

Two people can access the standards at the same time. The standards cannot be accessed from personal accounts.

April 25, 2008

Q&A: How do you identify key external environment factors for companies in an industry? Factors like competitors, customers, labor, suppliers?

IBISWorld reports cover factors like these for nearly 700 industries.

The Industry Market Research report for consumer electronics stores, for example, discusses issues like these in the Industry Conditions section:
-barriers to entry
-regulation
-cost structure, including wages
-capital and labor intensity
-technology and systems
-globalization

The Market Conditions section discusses size of the market, demand determinants, and the basis of competition. The Key Competitors section discusses leading companies.

Another database, Mintel Reports, analyzes the market for various consumer products. The one for Audio/Video Hardware Retailing, for example, includes these sections:

-Market Drivers
-Market Size & Trends
-Market Segmentation
-Retail Distribution
-Advertising & Promotion
-The Consumer

You must create a personal account when you access Mintel Reports for the first time.

The 10-K Annual Reports for publicly held companies sometimes address supplier, raw materials, and distribution issues in Part I, Item 1. The 2007 10-K for Best Buy, for example, discusses supplier strategy and distribution of products to its retail outlets.

IBISWorld and Mintel are available from the Rod Library home page under Databases A-Z and also from the Rod Library Business Portal. 10-K reports are usually listed on corporate web sites under headings such as Investor Relations or directly from the U.S. Securities & Exchange Commission EDGAR database.

Other search tools listed on the Business Portal, such as ABI/INFORM Global and Business Source Elite and Business & Company Resource Center, may lead to useful information in academic journals, trade journals, and business magazines. These pages list additional sources that may be useful for classes like Business Policy.


April 8, 2008

ReferenceUSA

Rod Library recently subscribed to ReferenceUSA, a residential and business/organization directory. Entries in the residential section include telephone numbers, addresses, and neighborhood data from the U.S. Census. The business/organization section contains contact information and other data such as estimated sales, credit rating, year established, primary line of business, competitors, and photo of establishment. Non-profit organizations also are included. The search forms can be manipulated to create lists of individuals and companies meeting various criteria.

ReferenceUSA is included in the Databases A-Z list on the library home page and also in UNISTAR, the library catalog. Here’s the direct link.


The vendor (infoUSA) says they compile the residential information from 3,900 white page directories. Residential entries also include data from the U.S. Census. For example, you can look up an individual and get his telephone number but also neighborhood information such as median household income, median home value, and percentage of owner-occupied units. Customized search forms can be developed to create lists of people in certain neighborhood income ranges in certain geographic areas, for example. Entries for individuals also include mapping functions and links to neighbors within .x miles.

The vendor says the business information comes from 5,600 yellow page and business white page directories; government directories; SEC filings; chambers of commerce; and so on. If you look up a company, you'll get their phone number and address but also other information from a wide variety of government and private sources. Customized search forms can be used to create lists of companies or other organizations of interest, such as those in a certain SIC or NAICS-defined industry in a certain geographic area in a certain size range. Entries for companies also include mapping functions and links to companies in certain industries within a specified radius (e.g., other restaurants within 4 miles).

Lists can be printed or downloaded 15 names at a time.

See a tutorial and other aids under the Help tab in ReferenceUSA.