Now its time to sit back and relax while other companies struggle to finish implementing FASB Statement
He found, among other discrepancies, that one company's mortgages on "building lots" in Brooklyn, claimed as assets worth $102,000 on its statement
, were on properties located entirely under the water of New York Harbor.
26.2632-1(b)(2)(iii)(B) requires that prior-years' transfers subject to an ETIP for which an election out is to apply, must be specifically described or otherwise identified in the election-out statement
. Thus, in the previous example using a GRAT, if the taxpayer is making an election out during the ETIP after the year of the transfer to the GRAT, he or she must identify the previous transfer.
In those cases where a different, but acceptable, accounting policy would have had a material effect on the financial statements
, it would be useful to financial statement
readers to know that alternative accounting policies would have resulted in material differences, the reason for and an estimate of the result of using the alternative policy.
the Winnipeg Statement
of the Canadian Bishops on the encyclical Humanae vitae.
SSARS 13 expands SSARS to apply when an accountant is engaged to compile or issues a compilation report on one or more specified elements, accounts, or items of a financial statement
Though a statement
that's terse doesn't necessarily work for every business, your mission statement
should be no longer than a few concise but informative sentences.
#1: "The--is a comprehensive institution committed to providing a diverse, dynamic learning environment, founded on a strong liberal arts curriculum and characterized by excellence in teaching, scholarship, and service.
analysis provides insight into a statement
that identifies areas for further investigation, thereby lending itself to helping law enforcement officers plan future subject interviews and ongoing investigations.
Second, the mission statement
must have utility--it cannot be a brief collection of high sounding, yet empty, words like the typical foundry's mission statement
Because of a heavy workload, John's accounting firm provided him with minimal guidance--especially the risks involved in auditing and reviewing the financial statements
of a large corporation with significant accounts receivable.
The information reported for each period for which an income statement
is presented would include the opening balance, additions charged to expense, deductions, other increases (or decreases) not charged (credited) to expense (with explanations), and the closing balance of the account.