accountants handbook volume two special industries and special topics

... Tenth Edition ACCOUNTANTS HANDBOOK VOLUME ONE: Financial Accounting and General Topics D R Carmichael Paul H Rosenfield JOHN WILEY & SONS, INC Tenth Edition ACCOUNTANTS HANDBOOK VOLUME ONE: ... presentation, disclosure, and analysis Volume Two: Specialized Industries and Special Topics includes: • • • Comprehensive single-source coverage of the specialized environmental and accounting considerations ... Auditing Standards and Audit Reports DAN M GUY, PhD, CPA Clemson University ALAN J WINTERS, PhD, CPA Clemson University VOLUME TWO: SPECIAL INDUSTRIES AND SPECIAL TOPICS 27 Oil, Gas, and Other...

Ngày tải lên: 28/06/2014, 00:20

... charter (local level) and on general and special statutes of state and local legislatures When governments were simpler and did not provide as many services as 32.2 THE NATURE AND ORGANIZATION OF ... the special assessment levy is shown below Special assessments receivable Special assessment revenue Deferred special assessment revenue $XXX $XXX $XXX When the current special assessments and ... statements of certain special entities.” (Special entities are organizations that can either be privately or governmentally owned and include colleges and universities, hospitals, and utilities.) The...

Ngày tải lên: 21/06/2014, 04:20

... deficiency before contributions to term and permanent endowments or permanent fund principal, special and extraordinary items, and transfers • Contributions • Special and extraordinary items • Transfers ... revenues, expenditures, and changes in fund balances—budget and actual—general and special revenue fund types (Exhibit 32.5) Combined statement of revenues, expenses, and changes in retained ... Favorable (Unfavorable) Special Revenue Funds NAME OF GOVERNMENTAL UNIT Combined Statement of Revenues, Expenditures, and Changes in Fund Balances—Budget and Actual— General and Special Revenue Fund...

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... followed by contributions to permanent and term endowments, special and extraordinary items, transfers, and beginning and ending net assets (b) REPORTING BY SPECIAL- PURPOSE GOVERNMENTS ENGAGED ONLY ... accounting and financial reporting for grants and similar financial assistance by state and local governments, the GASB issued Statement No 24, “Accounting and Financial Reporting for Certain Grants and ... recognition, measurement, and reporting of grants and other financial assistance received and given by state and local governments including: • • • “Pass-through” grants Food stamps and similar voucher...

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... assumptions used and actual experience Gains and losses may reflect both the refinement of estimates or assumptions and real changes in 36 12 • PENSION PLANS AND OTHER POSTRETIREMENT AND POSTEMPLOYMENT ... obligations (liability gains and losses) and return on plan assets (asset gains and losses) Liability gains and losses (increases or decreases in the PBO) stem from two types of events: changes ... year and to both gains and losses, and must be disclosed in the employer’s financial statements The 10% corridor is designed to avoid amortization of relatively small and temporary gains and losses...

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... Standards Reform Act, which, if enacted, would have required the SEC to pass on all new standards approved by the FASB The bill stated, in part: “ any new accounting standard or principle, and ... awards to both the employer and the employee; and (d) exhibits illustrating the accounting and federal income tax consequences of hypothetical awards The discussion and exhibits demonstrate the ... based on the specific terms of the award and the authoritative accounting literature and the tax laws and rulings in effect at the time of the award State and local income tax consequences of stock-based...

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... “Compilation and Review of Financial Statements,” Statement on Standards for Accounting and Review Services No AICPA, New York, 1978 , Auditing Standards Board, “Attestation Standards: Revision and Recodification,” ... earnings, and cash flows, and summaries of significant assumptions and accounting policies of XYZ Company as of December 31, 20XX,* and for the year then ending The accompanying projection and this ... projection and this report are intended solely for the information and use of [identify specified parties, for example, “XYZ Company and DEF National Bank”] and are not intended to be and should...

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... wife or husband) and estates for life or years are adjusted, and G T Stephenson and Norman Wiggins, Estates and Trusts, 5th ed (Appleton-Century-Crofts, New York, 1973) 41 10 • ESTATES AND TRUSTS ... could be corrected by crediting the overvalued assets and charging Andrews and Bell in the income ratio 40 16 • PARTNERSHIPS AND JOINT VENTURES Andrews, capital Bell, capital Sundry assets Cash ... A’s spouse and one adult child predecease A A is survived by a second adult child (B) and the predeceased child’s two children (C and D) A per stripes distribution would leave 50% to B and 25% to...

Ngày tải lên: 21/06/2014, 04:20

... machinery and equipment Standard machinery, a machine tool for instance, has an established market, and an experienced machinery and equipment appraiser can readily ascertain its value Special ... portion cakes, frozen cakes and pies, doughnuts, and cookies Distribution is primarily in 23 eastern and southeastern states Tri-State Snacks Corp is a producer of candy and other snack items, primarily ... Adjustment Between Principal and Income and the New 4% Unitrust Option.” 41.3 TRUSTS AND TRUSTEES—LEGAL BACKGROUND 41 27 • The following describes the principal and income rules under the UPAIA...

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... Statement on Standards for Consulting Services (SSCS) No 1, “Consulting Services: Definitions and Standards.” AICPA, New York, 1986 , Auditing Standards Board, Statement on Standards for Accountants ... sufficient relevant data and applying reliable principles and methods to the facts of the dispute before reaching conclusions and findings and should be able to present his conclusions and findings to the ... accepted auditing and other attestation standards with respect to the sufficiency, relevancy, and reliability or evidential matter (ii) Consulting Standards In addition to the general standards, SSCS...

Ngày tải lên: 21/06/2014, 04:20

... lessor accounting, 21.3(c) real estate, 21.9 building part, 21.9(a) land and buildings, 21.9(b) land and equipment, 21.9(c) land only, 21.9(a) sales-type, 21.6 accounting for, 21.6(a) example, ... 28.9(a)(ii) note disclosures, 28.9(c) leases, 21.9 building part, 21.9(a) land and buildings, 21.9(b) land and equipment, 21.9(c) land only, 21.9(a) nonpublic company valuation, 42.3(e) overview, 28.1 ... 3.1(b) International Auditing and Assurance Standards Board (IAASB), 7.1(b) International Federation of Accountants (IFAC), 7.2(b) governance, 7.2(b)(ii) International Standards on Auditing (ISAs),...

Ngày tải lên: 21/06/2014, 04:20

... Tenth Edition ACCOUNTANTS HANDBOOK VOLUME ONE: Financial Accounting and General Topics D R Carmichael Paul H Rosenfield JOHN WILEY & SONS, INC Tenth Edition ACCOUNTANTS HANDBOOK VOLUME ONE: ... presentation, disclosure, and analysis Volume Two: Specialized Industries and Special Topics includes: • • • Comprehensive single-source coverage of the specialized environmental and accounting considerations ... Auditing Standards and Audit Reports DAN M GUY, PhD, CPA Clemson University ALAN J WINTERS, PhD, CPA Clemson University VOLUME TWO: SPECIAL INDUSTRIES AND SPECIAL TOPICS 27 Oil, Gas, and Other...

Ngày tải lên: 28/06/2014, 21:20

... Edition ACCOUNTANTS HANDBOOK VOLUME TWO: Special Industries and Special Topics D R Carmichael Paul H Rosenfield JOHN WILEY & SONS, INC Tenth Edition ACCOUNTANTS HANDBOOK VOLUME TWO: Special Industries ... disclosure, and analysis Volume Two: Special Industries and Special Topics includes: • • • Comprehensive single-source coverage of the specialized environmental and accounting considerations for key industries, ... subscription for this update service Tenth Edition ACCOUNTANTS HANDBOOK VOLUME TWO: Special Industries and Special Topics CHAPTER 27 OIL, GAS, AND OTHER NATURAL RESOURCES Richard P Graff, CPA...

Ngày tải lên: 20/06/2014, 18:20

... (Accounting Standards Section A06), and accounted for prospectively (c) INVENTORY A mining company’s inventory generally has two major components— (1) metals and minerals and (2) materials and supplies ... landscaping, and related costs such as permits and inspection fees Construction costs, including onsite material and labor, direct supervision, engineering and architectural fees, permits, and ... RECLAMATION AND REMEDIATION The mining industry is subject to federal and state laws for reclamation and restoration of lands after the completion of mining Historically, costs to reclaim and restore...

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... customer needs and technological advances to support such complex and specialized transactions Continued financial reform may change the types and nature of permissible banking activities and affiliations ... 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 national and state banks, ... additional audit, reporting, and attestation responsibilities on management, directors (especially the audit committee), internal auditors, and independent accountants of banks and savings institutions...

Ngày tải lên: 20/06/2014, 18:20

... terminated and accrue and expense associated costs and reverse previously reported revenue for refunds and concessions, such as a provision to accept a license fee rate below market (vii) Returns and ... Decommissioning Costs and Nuclear Fuel (v) Securitization of Stranded Costs, Including Regulatory Assets (vi) SFAS Nos 71 and 101— Expanded Footnote Disclosure 31.12 SOURCES AND SUGGESTED REFERENCES ... area Rates Accounting and reporting Issuance of debt and equity securities Construction, sale, lease, purchase, and exchange of operating facilities Standards of service and operation This chapter...

Ngày tải lên: 20/06/2014, 18:20

... charter (local level) and on general and special statutes of state and local legislatures When governments were simpler and did not provide as many services as 32.2 THE NATURE AND ORGANIZATION OF ... the special assessment levy is shown below Special assessments receivable Special assessment revenue Deferred special assessment revenue $XXX $XXX $XXX When the current special assessments and ... statements of certain special entities.” (Special entities are organizations that can either be privately or governmentally owned and include colleges and universities, hospitals, and utilities.) The...

Ngày tải lên: 20/06/2014, 18:20

... followed by contributions to permanent and term endowments, special and extraordinary items, transfers, and beginning and ending net assets (b) REPORTING BY SPECIAL- PURPOSE GOVERNMENTS ENGAGED ONLY ... accounting and financial reporting for grants and similar financial assistance by state and local governments, the GASB issued Statement No 24, “Accounting and Financial Reporting for Certain Grants and ... recognition, measurement, and reporting of grants and other financial assistance received and given by state and local governments including: • • • “Pass-through” grants Food stamps and similar voucher...

Ngày tải lên: 20/06/2014, 18:20

... income (restricted and unrestricted) and all investment gains and losses (realized and unrealized) are reported as nonoperating revenues and expenses, in accordance with GASB No 31 and GASB No 34 ... realized gains and losses, unrealized gains and losses on trading securities, and otherthan-temporary impairment losses in the performance indicator, and report unrealized gains and losses on ... improve the efficiency and effectiveness of the health care system, reduce health care fraud and abuse, help ensure security and privacy of health information, and enforce standards for transacting...

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... Standards Applicable To Commercial and Nonprofit Organizations Consistency Standards Allocation Standards Fixed Asset Standards Cost of Money Standards Compensation Standards Miscellaneous Standards ... 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 mass ... 15 • Issue and amend regulations Issue standards, and amend existing standards, to achieve uniformity and consistency in the cost accounting principles followed by prime contractors and subcontractors...

Ngày tải lên: 20/06/2014, 18:20