Accounting Ethics Education - The CPA Journal
Oct 19, 2021 · McGraw-Hill Irwin, 2000). The CPA Journal has contributed to the discussion about teaching ethics to accounting students, including a paper by this author that explores the role …
Asset Acquisition Accounting - The CPA Journal
Apr 4, 2022 · The key consideration when classifying a transaction as an asset acquisition or a business combination is the definition of a business. In January 2017, FASB issued …
Using the New Reporting Requirements for Not-for-Profit Entities
Apr 25, 2018 · In 2016, FASB issued ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, effective for fiscal years beginning after December 15, 2017. The standard is …
Tax Consequences of Settlement and Litigation Award Payments ...
Nov 20, 2018 · When an individual receives a settlement or litigation award payment, the likely first question is whether the payment is taxable. While CPAs may know that the answer will …
The Past, Present, and Future of Forensic Accounting
Apr 10, 2020 · The Origins of Forensic Accounting. The world of forensic accounting has been developing for the past 70 years. Some credit the beginning of the understanding of fraud as a …
Taxation of Gambling Income - The CPA Journal
Dec 24, 2019 · Casual Gambling Income and Losses. Gambling winnings are fully taxable and must be reported by individuals as income on their tax returns regardless of the size of the …
An Introduction to Structured Installment Sales - The CPA Journal
Dec 31, 2021 · Background. Structured installment sales evolved as an outgrowth of IRC section 453, which governs the selling of qualifying appreciated assets using the installment method …
Basic Tax Reporting for Decedents and Estates - The CPA Journal
Aug 3, 2021 · Gift and Estate Tax Returns. A fiduciary generally must file an IRS Form 706 (the federal estate tax return) only if the fair market value of the decedent’s gross assets at death …
Depreciable Asset Lives - The CPA Journal
Sep 8, 2016 · FASB currently emphasizes that depreciation accounting “is a process of allocation, not of valuation” and describes it as the expense that results from the systematic and rational …
Applying the New Accounting Guidance for Contributions
Apr 29, 2019 · In June 2018, FASB issued Accounting Standards Update (ASU) 2018-08, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions …