New features and new data in O*NET OnLine

Highlights of this fall update include: 1) comprehensively
updated data for 107 occupations from the O*NET 16.0 database, 2)
identification and display of green tasks in the occupation
reports, and 3) the conversion to the new 2010 Standard
Occupational Classification (SOC) standard. The new O*NET-SOC 2010
taxonomy includes 1110 occupational titles, 974 of which represent
O*NET data-level occupations. Additionally, the OnLine update
includes the latest BLS wage data along with updated crosswalks to
the new O*NET-SOC taxonomy. Visit O*NET OnLine, or learn more about
the O*NET Database.

Tools and Technology database updated

The tools and technology (T2) file provides information on
machines, equipment, tools, and software that workers may use for
optimal functioning in a high performance workplace. With this
update, over 45,000 tools and technologies have now been identified
for 647 occupations, including all 200+ O*NET Green occupations and
over 320 Bright Outlook occupations. The O*NET Project welcomes
feedback on the T2 database. T2 information for 216 occupations has
been enhanced with the help of customer input. After reviewing an
occupation's current T2 information, you can submit specific
suggestions for adding more examples of tools or technology through
our T2 feedback process. Download this file from our Developer's
Corner, or explore the new T2 data in O*NET OnLine.

Greening References updated

The Greening of the World of Work: O*NET Project's Book of
References update adds additional green references to those
compiled from our initial research report on the green economy.
Ongoing green activities, such as data collection on occupational
and worker requirements for green occupations, and updating task
lists for green occupations, contributed to this fall's update.
Download this document from our Research and Technical Reports
section.

O*NET salutes our veterans!

My Next Move for Veterans is a new interactive tool designed
to help U.S. veterans learn about their career options. The site
has tasks, skills, salary information, job listings, and more for
over 900 different careers. Veterans can find careers through
keyword search; by browsing industries that employ different types
of workers; or by discovering civilian careers that are similar to
their job in the military. Visit My Next Move for Veterans
today!

O*NET Ability Profiler Scoring Program software updated

The Occupational Ability Profiles (OAPs) in the O*NET Ability
Profiler Scoring Program software have been updated to reflect data
from the new O*NET 16.0 database. Download this file from our
Products section.

When are expenses credited?

While general ledger expense accounts are typically debited
and have debit balances, there are times when the expense accounts
are credited. Some instances when general ledger expense accounts
are credited include: the end-of-year closing entries the reversing
entry for a previous accrual adjusting entry involving an expense
an adjusting entry to defer part of a

Where can I find the amount of income taxes paid by a corporation?

You can find the amount of income taxes paid by a corporation
by reading its statement of cash flows and its notes to the
financial statements. US GAAP requires corporations to report the
amount of income taxes paid. The AICPAs Accounting Trend and
Techniques indicates that approximately half of the 500 large
corporations that it

What is the difference between the direct method and the indirect method for the statement of cash flows?

The main difference between the direct method and the
indirect method involves the cash flows from operating activities,
the first section of the statement of cash flows. (There is no
difference in the cash flows reported in the investing and
financing activities sections.) Under the direct method, the cash
flows from operating activities will include

Most popular accounting questions from 2011

Here are the 20 most popular posts from the Accounting Coach
Blog during 2011. New questions will be answered starting January
2012. Why does LIFO usually produce a lower gross profit than FIFO?
What is depreciation? Why is interest expense a nonoperating
expense? When do you put parentheses ( ) around a number? What
are

Summary Estimates for Multinational Companies, 2009

Worldwide employment by U.S. multinational companies (MNCs)
decreased 4.1 percent in 2009, to 31.3 million workers, with
decreases in both the United States and abroad. Employment in the
United States by U.S. parent companies decreased 5.3 percent, to
21.1 million workers, which mirrored the percent change in total
private-industry employment in the United States. The employment by
U.S. parents accounted for almost one-fifth of total U.S.
employment in private industries. Abroad, employment by the
majority-owned foreign affiliates of U.S. MNCs decreased 1.5
percent, to 10.3 million workers. Full Text