摘要:

AbstractAccounting rules for financial instruments and financial institutions are changing. The astronomical cost of financial institution failures has forced a reexamination of accounting principles for all financial assets and liabilities, regardless of whether they are currently recorded either on or off the balance sheet. Some regulators are advocating more market value accounting and disclosures to provide a fuller picture of institutions' economic health and the risks posed by new, innovative financial instruments. The Financial Accounting Standards Board (FASB) and the Accounting Standards Executive Committee (AcSEC) of the AICPA are trying to address many of these complex accounting issues. How they resolve these issues may affect a company's financial reports in ways not currently imagined. (The views expressed in this article are the author's and not necessarily those of Fannie Mae or the Savings and Loan Associations Committee of the AICPA of which he is a member).

ISSN:1044-8136    

DOI:10.1002/jcaf.3970020202

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractThis article includes the results of a survey of trends in Management's Discussion and Analysis of the top 100 Standard&Poor's companies. Items surveyed included format, length, cross references, segments, year‐by‐year comparisons, price / volume analysis, unusual items, environmental matters, inflation, forward‐looking information, cash flows, and liquidity and financial condition disclosures. Selections of forward‐looking information for certain industry groups are included for illustrative p

ISSN:1044-8136    

DOI:10.1002/jcaf.3970020203

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractFueled by the publicity generated from the Dow Chemical‐Marion Laboratories transactions in 1989, the business and financial community's interest in a new and creative form of business combination, which appeared to result in “purchase accounting without goodwill,” continued to gain momentum through the first half of 1990. However, the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB) effectively squelched the concept of “purchase accounting without goodwill” via a series of consensuses in July and September 1990. The effects of these consensuses are analyzed in this article, using the Dow‐Marion transaction for illustrati

ISSN:1044-8136    

DOI:10.1002/jcaf.3970020204

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractLess than a decade after the introduction of more competition, which was expected to control costs, the U.S. health care system is in crisis. Employers' health care costs are increasing at more than five times the Consumer Price Index increases and more than 2.5 times as fast as payments to hospitals. The primary cause of these runaway health care costs is neither increased usage nor higher prices, but the shifting of the growing costs of unreimbursed and underreimbursed care to a shrinking base of employers and employees. The solution lies in pursuing one of three paths to radical reform of health care reimbursements.

ISSN:1044-8136    

DOI:10.1002/jcaf.3970020205

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractThe issue of accounting for computer software costs that a company incurs for its own internal use has not been adequately addressed in the accounting literature. As such, many questions and comparability issues remain regarding the appropriate accounting for such costs. In this article, the authors discuss the accounting issues and their implications and report the results of a survey on current accounting practices.

ISSN:1044-8136    

DOI:10.1002/jcaf.3970020206

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractIn recent years, there have been extensive sales of business segments. This has been due to many factors, including the desire of parent companies to divest themselves of parts of businesses that they took over as a means of reducing some of the debt that was incurred in the purchase, the segment's unprofitability, the need for funds from the segment's sale, and other causes. This article discusses and analyzes the accounting and disclosure considerations that an accountant must be aware of in the area of divestitures. Also examined are divestitures qualifying and not qualifying as a disposal of a segment, recent decisions of the Emerging Issues Task Force, and SEC considerations dealing with these and related topics.

ISSN:1044-8136    

DOI:10.1002/jcaf.3970020207

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractSince 1984, the year in which the last and, some would argue, the worst insurance underwriting cycle “bottomed out,” an average of twenty property casualty companies per year have suffered insolvencies. The House Oversight and Investigative Subcommittee has issued a report that is highly critical of the ways in which the solvency of insurers is regulated by the states, comparing the current situation in the insurance industry to the early period of the S&L crisis.While current solvency regulation may be imperfect, to assert that the insurance industry is on a track towards an S&L style crash is farfetched. This article examines that assertion, and presents indicators that corporate finance people should look for when trying to gauge the solidity of an insu

ISSN:1044-8136    

DOI:10.1002/jcaf.3970020208

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractDue to the reductions in federal income tax rates, many corporations find themselves with excess foreign tax credits. In order to use the foreign tax credits, corporations attempt to maximize foreign‐source income and to minimize expenses allocated to foreign‐source income. Allocation of expenses between U.S.‐ and foreign‐source income is governed by Treas. Reg. Sections 1.861‐;8 and 1.861.8T. The allocation methods for state income tax expense are complex. Each method results in a different amount of state income taxes being allocated to foreign‐source income. This article discusses the intricacies of three allocation methods, which should be considered when selecti

ISSN:1044-8136    

DOI:10.1002/jcaf.3970020209

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

摘要:

AbstractNotice 89‐15 requires a taxpayer performing services to capitalize its costs under Internal Revenue Code Section 263A. This position is flawed. Section 263A is inapplicable to taxpayers providing manufacturing or production services under contracts that provide that the customer has title to the property as it is being produced. There was no requirement that such a taxpayer capitalize or otherwise defer the costs incurred in providing such services prior to the enactment of Section 263A, and Section 263A did not create such a requiremen

ISSN:1044-8136    

DOI:10.1002/jcaf.3970020210

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY

ISSN:1044-8136    

DOI:10.1002/jcaf.3970020211

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1990

数据来源: WILEY