FYI


The Financial Accounting Standards Advisory Board issues Implementation Guide to the Statement of Financing in Statement of Federal Financial Accounting Standards No. 7, Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and Financial Accounting ( www.fasab.gov/pdf/ig7sof.pdf ). It illustrates concepts underlying the statement of financing, in which federal agencies explain the difference between the budgetary accounting system’s net obligations and the proprietary accounting system’s net cost of operations.

Illinois CPA Society President and CEO Martin Rosenberg, CPA, retires after 24 years in office. From 1968 to 1976 Rosenberg held various AICPA management positions in the areas of examinations and education, state society relations and in professional ethics, where he helped develop and implement the profession’s national joint ethics enforcement plan.

The Association of Certified Fraud Examiners names Toby J.F. Bishop, CPA, CFE, its president and chief executive officer. Previously, Bishop headed Andersen’s fraud research and development division.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: Economy and health care changes top CPAs’ list

CPA decision-makers’ economic outlook and the House Republicans’ proposed tax changes as part of replacing the Patient Protection and Affordable Care Act received attention recently. See how much you know with this short quiz.