ISBN 9780808091639 CCH Accounting for Income Taxes, 2009 Edition

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CCH Accounting for Income Taxes, 2009 Edition

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CCH Accounting for Income Taxes, 2009 Edition Description

CCH Accounting for Income Taxes provides guidance on the application of FASB Statement No. 109, Accounting for Income Taxes, as amended. It also provides interpretations of the various amendments to Statement 109 since 1992, including the guidance contained in FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes an Interpretation of FASB Statement No. 109, which was issued by the FASB in July of 2006. Statement 109 established financial accounting and reporting standards for the effects of income taxes that result from an enterprise's activities during the current and preceding years. It requires an asset and liability approach for financial accounting and reporting for income taxes. This in-depth resource gives professionals indispensable guidance on the complex requirements of Statement 109 and clarifies the implementation issues resulting from the accounting industry s literal approach to applying the statement s criteria. It provides a practical reference tool by selectively combining information from the official text of the FASB, along with information drawn from the AICPA, consensuses of the EITF, SEC Staff Accounting Bulletins, and lessons learned from leading practitioners in the field.

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CCH Accounting for Income Taxes, 2009 Edition

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CCH Accounting for Income Taxes, 2009 Edition Description

CCH Accounting for Income Taxes provides guidance on the application of FASB Statement No. 109, Accounting for Income Taxes, as amended. It also provides interpretations of the various amendments to Statement 109 since 1992, including the guidance contained in FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes an Interpretation of FASB Statement No. 109, which was issued by the FASB in July of 2006. Statement 109 established financial accounting and reporting standards for the effects of income taxes that result from an enterprise's activities during the current and preceding years. It requires an asset and liability approach for financial accounting and reporting for income taxes. This in-depth resource gives professionals indispensable guidance on the complex requirements of Statement 109 and clarifies the implementation issues resulting from the accounting industry s literal approach to applying the statement s criteria. It provides a practical reference tool by selectively combining information from the official text of the FASB, along with information drawn from the AICPA, consensuses of the EITF, SEC Staff Accounting Bulletins, and lessons learned from leading practitioners in the field.

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#EANF# Cornerstones of Financial Accounting 2nd (second) edition Text Only

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Cornerstones of Financial Accounting 2nd (second) edition Text Only

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Related ISBN 10 B005FBTWRQ
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ISBN 9780808024002 Compilations & Reviews (2010-2011)

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Compilations & Reviews (2010-2011)

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Compilations & Reviews (2010-2011) Description

Compilations & Reviews provides practitioners with a fundamental, real-world approach for conducting the highest quality compilations and reviews. It reduces the technical language of official pronouncements to easy-to-read, easy-to-understand advice and procedures and is designed to help the CPA enhance the quality of his or her practice. The book includes an overview and identification of the professional responsibilities that arise when a CPA accepts a compilation or review engagement, discusses and illustrates the procedures that need to be performed, describes the preparation of the CPA's engagement report, discusses management-use-only compilations, and addresses special engagements such as OCBOA-based financial statements and partnership financial statements. This comprehensive resource also deals with topics ranging from attestation standards for review engagements that do not involve financial statements to financial forecasts and projections. Compilations & Reviews contains an appendix that assists CPAs in determining what procedures should be performed and what approach should be used in order to perform an efficient compilation or review engagement. Throughout, the guide features numerous checklists, questionnaires, workpapers, sample correspondence, and sample reports that take the auditor through an engagement from the initial evaluation of a client to the issuance of the auditor's report. It comes with a free companion CD-ROM that contains all the practice aids contained in the book--and more. The files on the CD-ROM can be modified by practitioners to suit their needs. The book also includes a cross-reference to the original pronouncements and a detailed topical index. Compilations & Reviews meets accounting industry standards overseen by the peer review system and contains a document covering the peer review of this book.

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Compilations & Reviews (2010-2011)

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Compilations & Reviews (2010-2011) Description

Compilations & Reviews provides practitioners with a fundamental, real-world approach for conducting the highest quality compilations and reviews. It reduces the technical language of official pronouncements to easy-to-read, easy-to-understand advice and procedures and is designed to help the CPA enhance the quality of his or her practice. The book includes an overview and identification of the professional responsibilities that arise when a CPA accepts a compilation or review engagement, discusses and illustrates the procedures that need to be performed, describes the preparation of the CPA's engagement report, discusses management-use-only compilations, and addresses special engagements such as OCBOA-based financial statements and partnership financial statements. This comprehensive resource also deals with topics ranging from attestation standards for review engagements that do not involve financial statements to financial forecasts and projections. Compilations & Reviews contains an appendix that assists CPAs in determining what procedures should be performed and what approach should be used in order to perform an efficient compilation or review engagement. Throughout, the guide features numerous checklists, questionnaires, workpapers, sample correspondence, and sample reports that take the auditor through an engagement from the initial evaluation of a client to the issuance of the auditor's report. It comes with a free companion CD-ROM that contains all the practice aids contained in the book--and more. The files on the CD-ROM can be modified by practitioners to suit their needs. The book also includes a cross-reference to the original pronouncements and a detailed topical index. Compilations & Reviews meets accounting industry standards overseen by the peer review system and contains a document covering the peer review of this book.

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ISBN 9780808023043 Tax Accounting in Mergers and Acquisitions (2011)

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Tax Accounting in Mergers and Acquisitions (2011)

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Tax Accounting in Mergers and Acquisitions (2011) Description

Tax Accounting in Mergers and Acquisitions gives in-depth, practical coverage of today's key issues in corporate acquisitions, dispositions, reorganizations, and restructurings from a transactional perspective. It will help your client: (1) Decide if the transaction should be taxable or nontaxable; (2) Structure the deal for the best results--stock or asset acquisition; and (3) Achieve desired business objectives. This book considers the tax accounting implications of structuring and restructuring transactions. It discusses the rules relative to a taxpayer s ability to carry over methods of accounting, to obtain audit protection through filing accounting method changes, to preserve favorable methods of accounting, to determine the effect of the transaction on any unamortized Code 481(a) adjustments (Adjustments Required by Changes in Accounting Methods), and to use the chosen structure as a means of achieving appropriate tax accounting objectives. In addition, it describes some of the most common types of accounting method exposure items that arise during the course of due diligence and some of the alternatives for mitigating exposure to the buyer. Furthermore, it describes the most significant anti-abuse rules that prevent taxpayers from unreasonably taking advantage of these provisions. Finally, it addresses some of the pitfalls that taxpayers should take into account in structuring transactions. In addition to updates of all rulings, cases and legislation, the 2010 edition contains a new chapter on Bankruptcy.

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Tax Accounting in Mergers and Acquisitions (2011)

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Tax Accounting in Mergers and Acquisitions (2011) Description

Tax Accounting in Mergers and Acquisitions gives in-depth, practical coverage of today's key issues in corporate acquisitions, dispositions, reorganizations, and restructurings from a transactional perspective. It will help your client: (1) Decide if the transaction should be taxable or nontaxable; (2) Structure the deal for the best results--stock or asset acquisition; and (3) Achieve desired business objectives. This book considers the tax accounting implications of structuring and restructuring transactions. It discusses the rules relative to a taxpayer s ability to carry over methods of accounting, to obtain audit protection through filing accounting method changes, to preserve favorable methods of accounting, to determine the effect of the transaction on any unamortized Code 481(a) adjustments (Adjustments Required by Changes in Accounting Methods), and to use the chosen structure as a means of achieving appropriate tax accounting objectives. In addition, it describes some of the most common types of accounting method exposure items that arise during the course of due diligence and some of the alternatives for mitigating exposure to the buyer. Furthermore, it describes the most significant anti-abuse rules that prevent taxpayers from unreasonably taking advantage of these provisions. Finally, it addresses some of the pitfalls that taxpayers should take into account in structuring transactions. In addition to updates of all rulings, cases and legislation, the 2010 edition contains a new chapter on Bankruptcy.

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ISBN 9780808092162 Financial Instruments: A Comprehensive Guide to Accounting & Reporting (2009)

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Financial Instruments: A Comprehensive Guide to Accounting & Reporting (2009)

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Financial Instruments: A Comprehensive Guide to Accounting & Reporting (2009) Description

The passage of the Sarbanes-Oxley Act in 2002 has had sweeping implications for professionals involved in financial reporting, ranging from certification of financial reports by chief executives to a mandated study by the SEC of principles-based accounting standards, rather than rules-based (which is clearly the current state of affairs for financial instruments accounting). Financial Instruments: A Comprehensive Guide to Accounting and Reporting is written for practicing accountants and other professionals who need to understand the accounting for financial instruments. This unique book pulls together all of the existing accounting literature on financial instruments into one volume, organizes it logically, and describes the requirements as simply as possible. This comprehensive, topic-based approach will save practitioners time and effort in researching accounting issues. It includes guidance issued by the Financial Accounting Standards Board, the FASB's Emerging Issues Task Force and Derivatives Implementation Group. It also includes standards issued by the AICPA Accounting Standards Executive Committee, and the audit and accounting guides issued by various committees of the AICPA. This guide covers accounting requirements for public and private companies and touches on unique aspects of reporting financial instruments by nonprofit organizations. Over 400 pieces of authoritative literature are referenced in this book. Each chapter covers the relevant accounting questions for each type of instrument, including: - When and how to initially recognize the instrument in the balance sheet - How to measure the instrument in subsequent periods - How to recognize income or expense - When and how impairment must be recognized - When the instrument should be removed from the balance sheet - What disclosures should be provided in the footnotes. The text includes visual aids whenever possible; observations, such as differences between instrument types; practice pointers; and examples to make the requirements as clear as possible to the reader. The book also includes: a cross-reference to the original pronouncements, citing the chapters in which they are discussed; a glossary of terms including references to the applicable chapters; and a detailed topical index. To facilitate research, the text includes references to pertinent paragraphs of the authoritative literature addressing key points.

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Financial Instruments: A Comprehensive Guide to Accounting & Reporting (2009)

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Financial Instruments: A Comprehensive Guide to Accounting & Reporting (2009) Description

The passage of the Sarbanes-Oxley Act in 2002 has had sweeping implications for professionals involved in financial reporting, ranging from certification of financial reports by chief executives to a mandated study by the SEC of principles-based accounting standards, rather than rules-based (which is clearly the current state of affairs for financial instruments accounting). Financial Instruments: A Comprehensive Guide to Accounting and Reporting is written for practicing accountants and other professionals who need to understand the accounting for financial instruments. This unique book pulls together all of the existing accounting literature on financial instruments into one volume, organizes it logically, and describes the requirements as simply as possible. This comprehensive, topic-based approach will save practitioners time and effort in researching accounting issues. It includes guidance issued by the Financial Accounting Standards Board, the FASB's Emerging Issues Task Force and Derivatives Implementation Group. It also includes standards issued by the AICPA Accounting Standards Executive Committee, and the audit and accounting guides issued by various committees of the AICPA. This guide covers accounting requirements for public and private companies and touches on unique aspects of reporting financial instruments by nonprofit organizations. Over 400 pieces of authoritative literature are referenced in this book. Each chapter covers the relevant accounting questions for each type of instrument, including: - When and how to initially recognize the instrument in the balance sheet - How to measure the instrument in subsequent periods - How to recognize income or expense - When and how impairment must be recognized - When the instrument should be removed from the balance sheet - What disclosures should be provided in the footnotes. The text includes visual aids whenever possible; observations, such as differences between instrument types; practice pointers; and examples to make the requirements as clear as possible to the reader. The book also includes: a cross-reference to the original pronouncements, citing the chapters in which they are discussed; a glossary of terms including references to the applicable chapters; and a detailed topical index. To facilitate research, the text includes references to pertinent paragraphs of the authoritative literature addressing key points.

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ISBN 9780808019268 Taxation of the Entertainment Industry (Ninth Edition)

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Taxation of the Entertainment Industry (Ninth Edition)

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Taxation of the Entertainment Industry (Ninth Edition) Description

Taxation of the Entertainment Industry (Ninth Edition) is an insightful treatise that helps practitioners spot unique issues before they become problems, interpret rules and regulations correctly, make business decisions that lower taxes, and ensure compliance with the law. This valuable reference by expert practitioner and author, Schuyler Moore, provides in-depth treatment of the taxation of film and television industries, including music and sports. It provides insights on proven strategies and techniques for achieving solid bottom-line results for those practitioners with clients within the entertainment industry. Taxation of the Entertainment Industry (Ninth Edition) sets forth details of an eight-point master plan for managing entertainment tax issues: - Know how the law characterizes ownership rights and interests - Choose a business form that provides maximum tax advantage - Determine the best time to report and recognize income - Reduce the tax burden through deductions, depreciation, and the investment tax credit - Avoid liability for failure to withhold wages - Realize tax deferral and tax savings through foreign production or distribution - Discover innovative and creative strategies for financing film production and distribution, and - Pay close attention to the special tax considerations that apply to talent. Moore thoroughly explains all of these issues, opportunities and challenges with clarity in this sure and steady guide through the ins and outs of entertainment tax law.

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Taxation of the Entertainment Industry (Ninth Edition)

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Taxation of the Entertainment Industry (Ninth Edition) Description

Taxation of the Entertainment Industry (Ninth Edition) is an insightful treatise that helps practitioners spot unique issues before they become problems, interpret rules and regulations correctly, make business decisions that lower taxes, and ensure compliance with the law. This valuable reference by expert practitioner and author, Schuyler Moore, provides in-depth treatment of the taxation of film and television industries, including music and sports. It provides insights on proven strategies and techniques for achieving solid bottom-line results for those practitioners with clients within the entertainment industry. Taxation of the Entertainment Industry (Ninth Edition) sets forth details of an eight-point master plan for managing entertainment tax issues: - Know how the law characterizes ownership rights and interests - Choose a business form that provides maximum tax advantage - Determine the best time to report and recognize income - Reduce the tax burden through deductions, depreciation, and the investment tax credit - Avoid liability for failure to withhold wages - Realize tax deferral and tax savings through foreign production or distribution - Discover innovative and creative strategies for financing film production and distribution, and - Pay close attention to the special tax considerations that apply to talent. Moore thoroughly explains all of these issues, opportunities and challenges with clarity in this sure and steady guide through the ins and outs of entertainment tax law.

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ISBN 9780808090045 Internal Controls Guide (Third Edition)

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Internal Controls Guide (Third Edition)

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Internal Controls Guide (Third Edition) Description

Operating managers, in tandem with accountants, consultants, and IT specialists, are constantly faced with the task of designing internal controls. Then, these same individuals, as well as independent external auditors and internal auditors, must evaluate existing systems of control, including recommending and implementing changes to existing control systems. This third edition of Internal Controls Guide (previously published as Handbook of Internal Accounting Controls) is written for CPAs, internal auditors, system designers, controllers, operating managers, small business owners, not-for-profit administrators, consultants, and directors. Following the passage of the Sarbanes-Oxley Act in 2002, managers are required to make representations regarding their controls and CPAs are required to perform a related attestation service. The Public Company Accounting Oversight Board (PCAOB) issued Auditing Standard No. 2, “An Audit of Internal Control over Financial Reporting Performed in Conjunction with an Audit of Financial Statements,” in June 2004, requiring accelerated public company filers (those seasoned companies with public float exceeding $75 million) to comply with internal control reporting and disclosure requirements for fiscal years ending on or after November 15, 2004. Other public companies, including smaller companies, foreign private issuers, and those entities only issuing registered debt securities, must comply for fiscal years ending July 15, 2005. This book provides a roadmap for effective and efficient planning for control documentation, monitoring, and follow-up activities. The requirements of Auditing Standard No. 2 are reflected in forms, checklists, and efficiency suggestions throughout the book. Guidance still applicable to nonpublic entities is similarly addressed. This Guide describes in practical terms the critical elements of internal control then, step-by-step, demonstrates how to evaluate and improve these elements for each of the major operating cycles of a business.

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Internal Controls Guide (Third Edition)

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Internal Controls Guide (Third Edition) Description

Operating managers, in tandem with accountants, consultants, and IT specialists, are constantly faced with the task of designing internal controls. Then, these same individuals, as well as independent external auditors and internal auditors, must evaluate existing systems of control, including recommending and implementing changes to existing control systems. This third edition of Internal Controls Guide (previously published as Handbook of Internal Accounting Controls) is written for CPAs, internal auditors, system designers, controllers, operating managers, small business owners, not-for-profit administrators, consultants, and directors. Following the passage of the Sarbanes-Oxley Act in 2002, managers are required to make representations regarding their controls and CPAs are required to perform a related attestation service. The Public Company Accounting Oversight Board (PCAOB) issued Auditing Standard No. 2, “An Audit of Internal Control over Financial Reporting Performed in Conjunction with an Audit of Financial Statements,” in June 2004, requiring accelerated public company filers (those seasoned companies with public float exceeding $75 million) to comply with internal control reporting and disclosure requirements for fiscal years ending on or after November 15, 2004. Other public companies, including smaller companies, foreign private issuers, and those entities only issuing registered debt securities, must comply for fiscal years ending July 15, 2005. This book provides a roadmap for effective and efficient planning for control documentation, monitoring, and follow-up activities. The requirements of Auditing Standard No. 2 are reflected in forms, checklists, and efficiency suggestions throughout the book. Guidance still applicable to nonpublic entities is similarly addressed. This Guide describes in practical terms the critical elements of internal control then, step-by-step, demonstrates how to evaluate and improve these elements for each of the major operating cycles of a business.

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