IFRS Article Appreciated

BY RON BOX, CPA/CITP/CFF

June 1, 2010

Please note: This item is from our archives and was published in 2010. It is provided for historical reference. The content may be out of date and links may no longer function.

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Accounting & Reporting
- International Financial Reporting Standards

I wanted to let you know that I thought the article “Countdown to Convergence” (March 10, page 24) was very good. I participated in the AICPA IFRS revenue recognition task force and I am helping write IFRS questions for the 2011 CPA exam, so I have a particular interest in IFRS. It is good to see the topic covered at the level that you presented.

Ron Box, CPA/CITP/CFF

Birmingham, Ala.

Tax Court allows cattle ranch deductions

The Tax Court held that a Texas rancher operated with a profit motive, despite “troublingly large” losses more than 77 times his gross receipts from farming and ranching. Learn more in this Tax Matters article.

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