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 two technical practice aids. One provides guidance on reporting financial highlights by separate accounts ( www.aicpa.org/members/div/acctstd/general/separate_accts.htm ); the other supplies guidance on accounting for computer-systems costs incurred in connection with the Health Insurance Portability and Accountability Act of 1996 ( www.aicpa.org/members/div/acctstd/general/health insprotability.htm ).

SPONSORED REPORT

6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.

PODCAST

How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.