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The Institute’s accounting standards staff, with the
assistance of industry experts, releases the sixth set in a series of
questions and answers on financial accounting and reporting issues
related to Statement of Position 97-2, Software Revenue
Recognition. The entire series is available at
www.aicpa.org/members/div/acctstd/general/othitem.htm and is
included in the AICPA publication, Technical Practice Aids,
which can be ordered by calling 888-777-7077.
An AcSEC exposure draft of a proposed Statement of
Position, Accounting for Real Estate Time-Sharing Transactions,
addresses diversity in practice due to a lack of guidance on this
subject. A related exposure draft of a proposed FASB statement with
the same title includes amendments to certain board pronouncements
that would be made in conjunction with AcSEC’s issuance of a final
statement of position. Comments on both proposals, which are
accessible at www. aicpa.org/members/div/acctstd/edo/index.htm, are
due April 30.
The AICPA issues a draft of a practice aid, Valuation
of Privately-Held-Company Equity Securities Issued in Other Than a
Business Combination (
www.aicpa.org/members/div/acctstd/index.htm ). Comments are due
April 23.
