Extra Credit


Thanks for the great article “Forecasting Post-Combination Earnings” (Dec. 08, page 48). I shared this article with my students from my Consolidation Accounting class at Everest University and my Colorado Tech University Online MBA class. They especially appreciated your detailed Exhibit 2, reporting the forecasted balance sheet of the acquired company, the net increase in assets acquired and net decrease in post-combination pretax earnings over the 10-year period. The details in this exhibit and related notes allowed for further discussion on these items. Students were keen on reconciling and comparing your schedule format to those used in our textbook for both pre- and post-Statement no. 141(R). The additional JofA article resource listing was also very helpful. I encourage other faculty members to adapt this article in the classroom.

Richard White, CPA, MSA, CMA, CIA, CFP, CFM
Orlando, Fla.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.