|
|
|
|
The Changing Landscape of Accounting Standards Setting FASB may be the best-known accounting standards setter, but newer GAAP bodies are becoming increasingly important. The GAO's audits of federal agencies have raised the profile of the Federal Accounting Standards Advisory Board (FASAB), which sets the agencies' accounting standards. The rising importance of international trade has broadened the influence of the International Accounting Standards Board (IASB), which sets cross-border standards and has been working with FASB on the creation of global accounting principles. (Article) A Hard Look At Tax Software: 2003 Annual Survey Of New York Practitioners This second annual CPA Journal survey of New York tax practitioners once again asked how satisfied users were with their tax preparation and research software. The authors found that the use of e-filing, online client organizers, and application service providers is expanding, as is the use of firm websites. Respondents had a high level of familiarity and satisfaction with their software, and their responses give some indication of the variety of software that is available. (Article) Stock Options Revisited The accounting for stock options has long been a controversial question, and it is one that has been reopened in the current political and economic environment. Investor confidence on financial reports have been undermined by the inability to predict the cash flow consequences of complex and off-balance-sheet financial transactions such as stock option awards. The authors describe a simple, reliable, and understandable valuation model that can be used determine quarterly option expenses until the option is exercised or expires. (Article) The Power of Low-Correlation Investing No one can predict market performance over any time period, short or long, but the study of correlations shows that, over time, different asset types do not perform similarly. An investor who holds a portfolio diversified with low-correlating assets has the opportunity to achieve comparable returns with less risk. An investor's best protection during a bear market is to use a low-correlation investment strategy in a portfolio of globally balanced assets. (Article)
Accounting Cash flow classification of restricted funds (Article) Employee Benefit Plans A new position on benefit distribution fees (Article) Estates and Trusts Generation-skipping transfer tax rules for assets in trust (Article) Federal Taxation Post-death events and valuation of claims (Article) The CPA Manager Preventing fraud by conducting background checks (Article) The CPA in Industry Pitfalls of wage and hour laws (Article) Not-for-Profit Organizations Proposed legislation: Its impact on not-for-profit board governance (Article) Auditing Revisiting materiality (Article) Business Valuation Sports franchise acquisition: Valuation of intangible assets. Part 2 of 2 (Article) State and Local Taxation Franchise taxes after dissolution (Article) Business Valuation Standards of behavior: rules are not enough
On the CPA's role in guarding clients' investments A unified approach to the profession's problems Top 10 considerations for prudent financial planning Seniors returning to the accounting workforce: Supply meets demand Book Review: Statistical Sampling in Sales and Use Tax Audits Website of the month: PCAOB Online Letter to the Editor: Home health care, with or without insurance
|
|
This Month | About Us | Archives | Subscribe | Write | Advertise | NYSSCPA |
|
The CPA Journal is broadly recognized as an outstanding, technical-refereed publication aimed at public practitioners, management, educators, and other accounting professionals. It is edited by CPAs for CPAs. Our goal is to provide CPAs and other accounting professionals with the information and news to enable them to be successful accountants, managers, and executives in today's practice environments. ©2003 The CPA Journal. Legal Notices
|