The Federal Accounting Standards Advisory Board issues
Technical Bulletin 2002-1, Assigning to Component Entities Costs
and Liabilities that Result From Legal Claims Against the Federal
Government ( www.fasab.gov/pdf/presreltb.pdf ). According to
the guidance, all such costs and liabilities must be attributed either
to the component entities responsible for the programs or activities
that contributed to the claims or to their successor component
entities.
VIDEO
Excel walk-through: SparklinesWant to liven up your spreadsheets with some color and graphical elements? Kelly L. Williams, CPA, Ph.D., shows how to use Excel sparklines, which illustrate data trends and patterns via small charts that fit in a single Excel cell.
PODCAST
What’s next for potential CPA licensure changesA new model proposed by NASBA and the AICPA is designed with an eye on the future for newly licensed CPAs. The AICPA's Carl Mayes, CPA, provides background on the project and a look ahead to 2020.