Accounting


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The Institute’s accounting standards staff, with the assistance of industry experts, releases the sixth set in a series of questions and answers on financial accounting and reporting issues related to Statement of Position 97-2, Software Revenue Recognition. The entire series is available at www.aicpa.org/members/div/acctstd/general/othitem.htm and is included in the AICPA publication, Technical Practice Aids, which can be ordered by calling 888-777-7077.

An AcSEC exposure draft of a proposed Statement of Position, Accounting for Real Estate Time-Sharing Transactions, addresses diversity in practice due to a lack of guidance on this subject. A related exposure draft of a proposed FASB statement with the same title includes amendments to certain board pronouncements that would be made in conjunction with AcSEC’s issuance of a final statement of position. Comments on both proposals, which are accessible at www. aicpa.org/members/div/acctstd/edo/index.htm, are due April 30.

The AICPA issues a draft of a practice aid, Valuation of Privately-Held-Company Equity Securities Issued in Other Than a Business Combination ( www.aicpa.org/members/div/acctstd/index.htm ). Comments are due April 23.

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.