2017 - Page 16 of 20 - Journal of Accountancy

The magazines

March 1, 2017

Like-kind exchange between related parties denied nonrecognition treatment

The Tax Court rejects a taxpayer’s argument for an exception under Sec. 1031(f)(2)(C) of no principal purpose of tax avoidance.

March 1, 2017

GASB introduces possible new approaches for governmental fund reporting

The proposal builds on 2 years of research.

March 1, 2017

FASAB proposes changes to budget and accrual reconciliation

Reconciliation would be focused on net outlays.

March 1, 2017

Motorola Turbo 2 update

I dropped my Turbo 2 phone through a couch, and when I tilted the couch to retrieve the phone, I rocked the couch’s metal frame atop the phone and completely shattered the screen; or at least so I thought.

March 1, 2017

Get revenue recognition right at not-for-profits

Costly mistakes can be avoided by following best practices that lead to proper judgments.

March 1, 2017

Congress authorizes new small business HRAs

Popular employer arrangements to reimburse medical expenses had been penalized by the Affordable Care Act.

March 1, 2017

Mentoring for executives and managers

Coaching isn’t just for lower-level employees. Company and firm leaders can learn from mentors in areas such as time management, strategy, and innovation.

March 1, 2017

What is a business? FASB clarifies definition

The board responded to inconsistency in acquisition recording.

March 1, 2017

Steven J. Ursillo Jr., CPA/CITP, CGMA

Education and effective governance are keys to an effective cybersecurity policy, according to Steven J. Ursillo Jr., CPA/CITP, CGMA.

March 1, 2017

Final rules on Sec. 367 transfers of intangibles apply retroactively

The treatment of foreign goodwill or going concern value is clarified.

March 1, 2017

What large firms expect from new accounting grads

Recruiters from large firms look for candidates who have strong communication and collaboration skills, can learn new software quickly, and plan to achieve CPA licensure.

March 1, 2017

New PATH for depreciation

Changes to 15-year and bonus depreciation rules and Sec. 179 expensing may deliver tax savings to business clients.

March 1, 2017

AICPA groups recommend field-testing of FASB long-duration insurance proposal

FASB proposes the same model for participating and nonparticipating contracts.

March 1, 2017

FASB addresses debt classification, inventory disclosures

The debt proposal would establish a cohesive classification principle.

March 1, 2017

600 GE tax professionals moving to PwC

The arrangement could be a model for other companies.

February 1, 2017

Email security: How to encrypt email with Gmail and Outlook.com

Recently, I’ve become concerned about the privacy of sending email. What’s a cheap and easy way to protect my email messages?

February 1, 2017

Trusts and estates: Uses and tax considerations

Wealth planning with these often highly advantageous tools must be weighed against possible drawbacks of income tax accounting.

February 1, 2017

Janet Wong, CPA

Janet Wong, CPA, an audit committee chair with ties to Silicon Valley, discusses best practices for CPA audit committee chairs and the expansion of innovation culture beyond Silicon Valley.

February 1, 2017

Figuring out transfer pricing: How to set terms of negotiation between departments

Transfer pricing can be a battleground for competing interests within a company. When those interests aren’t balanced, the company could lose out.

February 1, 2017

Using surplus budgeting to advance and sustain your mission

A disciplined budgeting approach helped not-for-profit Ducks Unlimited overcome serious financial concerns following the most recent recession.

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.