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.

FASB posted on its Web site a compilation of all changes made through July 10, 2006, to the guidance in Accounting for Derivative Instruments and Hedging Activities, the bound codification commonly referred to as the Green Book and last issued in February 2004 ( www.fasb.org/derivatives/07-10-06_green_book_changes.pdf ).

SPONSORED REPORT

The technology assessment engagement

Are you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.

FEATURE

Maximizing the higher education tax credits

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