Accounting


 
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The AICPA issued four technical practice aids (TPAs) containing questions and answers related to FASB Interpretation No. 46(R), Consolidation of Variable Interest Entities. The TPAs—1400.29, on consolidated versus combined financial statements; 1400.30, on stand-alone financial statements of a variable interest entity; 1400.31, on the effects of a GAAP departure; and 1500.06, on the interpretation’s application to income tax basis financial statements—are available at www.aicpa.org/download/acctstd/FIN_46_R_TPAs.pdf .

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A new line of business to consider

Technology assessments may open the door to new engagement opportunities for your firm. What is a technology assessment? How do you perform one? JofA Tech Q&A author J. Carlton Collins shows you in a detailed explanation.

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Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.