摘要:

AbstractHistorically, there has been a significant divergence in the accounting for intangible assets—particularly acquired goodwill— for tax purposes from that used for financial reporting purposes. While a company that acquires implied goodwill in a purchase combination will reflect that in the consolidated balance sheet and amortize the acquired goodwill through subsequent earnings, for tax purposes, the goodwill amount, generally, has not been deductible. This has led companies to look to assign a portion of the acquisition price to alternative asset items such as customer lists and other identifiable intangible assets. The Revenue Reconciliation Act of 1993 radically changed the tax treatment of goodwill and other intangible assets. This article explores the implications of this cha

ISSN:1044-8136    

DOI:10.1002/jcaf.3970050302

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

年代:1994

数据来源: WILEY

摘要:

AbstractThe Revenue Reconciliation Act of 1993 is already having a major impact on the tax planning of individual tax payers as well as on the design of company sponsored qualified and nonqualified retirement plans. This article reviews recent developments in the design, reporting, and securing of deferred compensation plans.

ISSN:1044-8136    

DOI:10.1002/jcaf.3970050303

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

年代:1994

数据来源: WILEY

摘要:

AbstractAccounting rule makers have been hard pressed to keep pace with the rapid development of new hedging products and techniques. As a result, the current accounting rules covering hedging and derivatives are piecemeal, often internally inconsistent and at times act as a deterrent to implementing sound economic management of these risks. This article summarizes the current rules and discusses current FASB deliberations on possible changes.

ISSN:1044-8136    

DOI:10.1002/jcaf.3970050304

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

年代:1994

数据来源: WILEY

摘要:

AbstractEnvironmental contingencies continue to receive considerable attention in the business press, from investors and lenders, and from the various standards‐setting bodies. For example, the Securities and Exchange Commission has warned repeatedly of impending enforcement actions against companies that have not adequately disclosed these contingencies.This article provides a brief overview of significant environmental statutes and regulations, a summary of the applicable accounting and disclosure rules, and points independent auditors should consider to comply with generally accepted auditing standard

ISSN:1044-8136    

DOI:10.1002/jcaf.3970050305

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

年代:1994

数据来源: WILEY

ISSN:1044-8136    

DOI:10.1002/jcaf.3970050306

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

年代:1994

数据来源: WILEY

摘要:

AbstractCurrently, there is diversitys in practice related to the accounting for advertising costs. Many companies expense the costs for advertising as incurred, but others capitalize these costs and amortize them in current and subsequent periods. While certain FASB statements provide guidance on the reporting of such costs for a few specific activies (such as leasing, loan origination, motion picture film promotion) and industries (such as cable television, insurance, real estate), there has been no broad guidance that specifies the accounting for adverting costs in general. Then new AICPA statement of Position 93‐7, “Reporting on Advertising Costs,” provides that guidance. This article details its de

ISSN:1044-8136    

DOI:10.1002/jcaf.3970050307

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

年代:1994

数据来源: WILEY

摘要:

AbstractFAS 107, the accounting standard that took effect with 1992 annual reports, requires all entities to calculate and disclose the fair value of financial instruments. But its issuance was prompted largely by concern about the financial strength of banks and other financial institutions, and thus, the progress of fair value accounting among banks has been ofparticular interest to both opponents and proponents of fair value accounting concepts.The banks' 1992 annual reports presented data that was later judged to be of little or no value either to the banks or the industry analysts who follow banks. But a more careful study of the 1993 reports should indicate the beginning of an increasing use of fair value concepts and techniques in financial reports, leading to a mixed attribute accounting model that includes both historical cost and fair value measurements. While the progress in this direction is slow, it is discernible.This article draws on extensive studies of FAS 107 conducted by KPMG Peat Marwick among government agencies, bank holding companies, and analysts and investors. The studies were conducted both before the standard took effect and after the first round of annual reports appeared. While these studies demonstrate the large gap between analysts' expectations for new information and the banks' reluctance to provide it, they also provide pertinent clues to the areas in which change is likely to occur.

ISSN:1044-8136    

DOI:10.1002/jcaf.3970050308

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

年代:1994

数据来源: WILEY

摘要:

AbstractThe Financial Accounting Standards Board (FASB) has released two statements (Numbers 116 and 117) that establish standards for external financial reporting by not‐for‐profit (NFP) organizations and the way in which such organizations account for contributions made and received. These standards, which have been under development for six years, are part of a broader project to resolve certain inconsistencies in the reporting practices of NFP organizations. The new standards are effective for financial statements covering fiscal years that begin after December 15, 1994, which for most NFP organizations means their 1995‐96 fiscal years.This article summarizes the significant provisions of the new standards, reviews changes from current practices, and considers the effect of the pronouncements on both NFPs implementing the standards and the users of the financial state

ISSN:1044-8136    

DOI:10.1002/jcaf.3970050309

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

年代:1994

数据来源: WILEY

摘要:

AbstractAt the AICPA's Twenty‐first National Conference on Current SEC Developments, numerous speakers from the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), the American Institute of CPAs, and others presented an overview of important current accounting and disclosure issues, as well as regulatory and legislative concerns that affect SEC registrants and audit practitioners. This article reports a summary of the major issues discussed at the conferenc

ISSN:1044-8136    

DOI:10.1002/jcaf.3970050310

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

年代:1994

数据来源: WILEY

摘要:

AbstractThis article is a follow‐up to an earlier article which appeared in the Winter 1993/94 issue of the Journal of Corporate Accounting and Finance. That article detailed the general provisions of the proposed Statement of Financial Accounting Standards. The intent of this article is to take a closer look at the recognition and measurement provisions of the proposed Statement and to examine the basis for the Board's tentative conclusions on recognition and measurement. The first two sections of the article detail the recognition and measurement standards. The third section examines the Board's basis for the recognition criteria chosen. The fourth section reviews the measurement alternatives considered by the Board, and explains the basis for the Board's tentative conclusion

ISSN:1044-8136    

DOI:10.1002/jcaf.3970050311

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

年代:1994

数据来源: WILEY