Accounting


 

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FASB issues as final five staff positions on Interpretation no. 46, Consolidation of Variable Interest Entities ( www.fasb.org/fasb_staff_positions/final_fsp.shtml ). The guidance addresses the interpretation’s applicability to organizations subject to the AICPA Audit and Accounting Guide, Health Care Organizations: Checklist and Illustrative Financial Statement, and the treatment of variable interests in specified assets of a variable interest entity. It also discusses transition requirements for applying the interpretation and calculating expected losses.

SPONSORED REPORT

Keeping client information safe in an age of scams and security threats

A look at the Dirty Dozen tax scams and ways to protect taxpayer information.

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: IRS enforcement, a hot job, and audit value

The IRS’s 2016 Data Book, a “hot job” of particular interest at this time of year, and insight into how executive and audit committees view the insights from financial statement audits received attention recently. See how much you know with this short quiz.