Editorial Special Industries and Special Topics 14 docx

... the partnership of Andrews and Bell prior to the ad- mission of Cohen are: Capital Accounts Income Ratio Andrews $18,000 60% Bell $12,000 040% $30,000 100% 40 • 14 PARTNERSHIPS AND JOINT VENTURES (i) ... rights for surviving wife or husband) and estates for life or years are adjusted, and 41.1 ESTATES—LEGAL BACKGROUND 41 • 9 1 G. T. Stephenson and Norman Wiggins, Estates and Tru...

Ngày tải lên: 22/06/2014, 16:20

... Setoffs 14. Property held for another person 15. Prior address of debtor 16. Spouses and former spouses 17. Environmental issues 18. Nature, location, and name of business 19. Books, records, and ... committee, the nature of the debtor’s operations, and the creditors’ committee confidence in the debtor and in the professionals—especially attorneys and ac- countants—who are helping...

Ngày tải lên: 22/06/2014, 16:20

... Auditing Standards and Audit Reports D AN M. GUY, PhD, CPA Clemson University A LAN J. WINTERS, PhD, CPA Clemson University VOLUME TWO: SPECIAL INDUSTRIES AND SPECIAL TOPICS 27 Oil, Gas, and Other ... ACCOUNTING AND GENERAL TOPICS 1 The Framework of Financial Accounting Concepts and Standards R EED K. STOREY, PhD, CPA Financial Accounting Standards Board 2 Financial Accou...

Ngày tải lên: 20/06/2014, 18:20

... AND CONSTRUCTION Securities and Exchange Commission, “Financial Accounting and Reporting for Oil and Gas Producing Activi- ties Pursuant to the Federal Securities Laws and the Energy Policy and ... contamination and hazardous waste disposal and clean up is regulated by the Resource Conservation and Recovery Act of 1976 (RCRA) and the Comprehensive Environ- mental Response,...

Ngày tải lên: 20/06/2014, 18:20

... of safety and soundness laws to be addressed in the compliance report: (1) federal statutes and regulations concerning transactions with insiders and (2) federal and state statutes and regulations ... Currency (OCC) and the Federal Reserve Board (FRB). These entities were responsible for designing and establishing policies and procedures for the regulation and supervision of...

Ngày tải lên: 20/06/2014, 18:20

... REPORTING AND FINANCIAL REPORTING 13 (a) Accounting Authority of Regulatory Agencies 13 (b) SEC and FASB 13 (c) Relationship Between Rate Regulation and GAAP 14 (i) Historical Perspective 14 (ii) ... and accrue and expense associated costs and re- verse previously reported revenue for refunds and concessions, such as a provision to accept a li- cense fee rate below market....

Ngày tải lên: 20/06/2014, 18:20

... the special assessment levy is shown below. Special assessments receivable $XXX Special assessment revenue $XXX Deferred special assessment revenue $XXX When the current special assessments and ... discussion and analysis (MD&A); and (2) determine and demonstrate compliance with finance-related legal and contractual provisions. The requirements concerning the government...

Ngày tải lên: 20/06/2014, 18:20

... Statements and (6) Management’s Discussion and Analysis—for State and Local Governments Statement No. 35 Basic Financial Statements– and (7) Management’s Discussion and Analysis—for Public Colleges and ... Organizations, Goodwill, and Intangible Assets. The FASB issued Statement No. 141 , “Business Combinations,” and specifically excluded not-for- profit organizations. SFAS No....

Ngày tải lên: 20/06/2014, 18:20

... income (restricted and unrestricted) and all investment gains and losses (re- alized and unrealized) are reported as nonoperating revenues and expenses, in accordance with GASB No. 31 and GASB No. ... Guid- ance on evaluating goodwill and other intangible assets for impairment is provided by FAS No. 142 (for goodwill and non-amortizable intangibles) and FAS No. 144 (for am...

Ngày tải lên: 20/06/2014, 18:20

... Independent research and development and bid and proposal costs • Royalties and other costs for use of patents • Selling and distribution costs • Travel and relocation costs, as related to: special or ... rearrangement, production planning, and training; loss of useful value of special tooling and special machinery and equipment, which cannot reasonably be used on othe...

Ngày tải lên: 20/06/2014, 18:20