Accounting


For news from the AICPA and state societies, visit www.cpa2biz.com , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites.

The Institute’s accounting standards staff releases a technical practice aid (TPA) ( www.aicpa.org/members/div/acctstd/general/tpa5.htm ) to clarify financial accounting and reporting issues relating to Statement of Position (SOP) 97-2, Software Revenue Recognition. The TPA uses a question-and-answer format to cover matters such as the commencement of an initial or renewal software license term and an arrangement containing an option to extend a time-based license indefinitely. The TPA is included in the publication, Technical Practice Aids, which is available from the AICPA order department at 888-777-7077.

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

Test yourself on these often confused words

The spelling checker on your word processing program can do only so much to flag problems. Your best insurance is to learn the troublesome words that trip up writers and use them correctly by the standards of formal, written English.