Financial Reporting


The AICPA releases an online tool kit ( www.aicpa.org/members/div/mcs/vm_toolkit.asp ) to facilitate the performance of valuations related to business combinations and to acquired goodwill and other intangible assets, as discussed in FASB Statement nos. 141 and 142, respectively. In addition to practical information on performing fair value measurement engagements for purchase price allocations and goodwill impairment analyses, this resource contains training aids, a bibliography, a discussion of engagement letter considerations and checklists. For further information, contact James C.H. Feldman, CPA/ABV, manager of business valuation and litigation services, at jfeldman@aicpa.org .

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out