This Portfolio provides an overview of the two-step process required under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740-10 (formerly FASB Interpretation No....

Using the Balanced Scorecard Framework explains in detail the elements of a Balanced Scorecard, including the development of Strategy Maps and appropriate performance measurements.

This Portfolio describes how not-for-profit museums should prepare financial statements and related disclosures in conformity with U.S. generally accepted accounting principles (GAAP).

This Portfolio explains how to conduct accounting research, evaluate conflicting authoritative literature, and reason by analogy.

This Portfolio discusses Section 7525 of the Code, a statutory privilege applicable to communications between federally-authorized tax practitioners and taxpayers.

This Portfolio identifies and explains each of the standards under which the liability of accountants to non-clients is considered by the courts.

This Portfolio reviews the common methods of reporting inventories, the financial statement implications of changing methods, and the rules for disclosing methods and practices.

The Cash Flow Statement examines the document of the same name required by Financial Accounting Standards Board (FASB) Statement No. 95.

This Portfolio discusses the problems confronting an officer, director, or employee of a public company under SEC investigation for potential financial reporting violations.

Segment Reporting analyzes disclosure and reporting requirements of FASB and related accounting and reporting requirements of the U.S. Securities and Exchange Commission.

SEC Reporting Issues for Foreign Private Issuers discusses the securities laws applicable to foreign private issuers that access the U.S. capital markets and the integrated disclosure system applicable to foreign private issuers.

This Portfolio presents a study of the requirement that an accountant auditing the financial statements of a public company be independent in fact and appearance of that company.

This Portfolio, the third in a subseries of portfolios on revenue recognition, explains and analyzes revenue recognition issues specific to the software industry.

This Portfolio, the second in a series on revenue recognition, analyzes the fundamental revenue recognition principles applicable to both product sales and the provision of services.

This Portfolio discusses revenue recognition principles under International Financial Reporting Standards (IFRS).

This Portfolio analyzes the general and “fundamental” principles of revenue recognition.

This Portfolio discusses the issues that companies and individual officers may face when the Department of Justice conducts a federal investigation of potential criminal violations.

Related Party Transactions discusses the pervasiveness of related party transactions throughout a wide spectrum of business dealings.

This Portfolio focuses on accountant liability and provides information and insight to help accountants understand the intricacies of litigation that they could potentially face.

Pension Accounting analyzes authoritative pronouncements on accounting by pension plans for their holdings and on employers accounting for pensions and other postretirement benefits.

This Portfolio covers a full scope of accounting and financial reporting standards and practices for upstream oil and gas activities both in the United States and internationally.

This Portfolio analyzes popular methods used to determine a company’s value and predict its profitability.

This Portfolio discusses the legal risks public companies face in the financial reporting process and offers some advice for how to manage such risk.

This Portfolio focuses on management's responsibility for reporting on the effectiveness of internal control over financial reporting, as mandated by the Sarbanes-Oxley Act of 2002.

This Portfolio analyzes the requirement that annual and quarterly financial statements of public companies be accompanied by management's narrative discussion of certain issues (MD&A).

This Portfolio provides information on R&D performance measurement and valuation useful to executives such as the CFO or controller.

Leases: Lessors—Classification explains and analyzes the accounting classification of leases from the lessor's perspective.

This Portfolio explains, analyzes and illustrates the recording of leases from the lessor's perspective as well as the disclosure requirements relevant to leases.

This Portfolio analyzes the economics of leasing from the lessor's perspective; it discusses the leasing industry, motivations for leasing, and economic and reporting perspectives.

This Portfolio explains and analyzes financial accounting for leases from the perspective of the lessee.

This Portfolio explains and analyzes specific financial accounting leasing issues from the perspective of the lessee.

This Portfolio discusses popular corporate improvement initiatives and the role of internal accounting functions in implementing and maintaining these initiatives.

This Portfolio examines internal controls as a set of internal procedures of an enterprise providing reasonable assurances that an enterprise will meet its goals in all areas.

Internal Auditing: Fundamental Principles and Best Practices analyzes the development of internal auditing, the importance and visibility of which have expanded as a result of the increased emphasis on corporate governance since enactment of the Sarbanes-Oxley Act of 2002.

Hospital Accounting addresses a variety of unique operating circumstances that face hospitals and give rise to a multitude of accounting issues.

This Portfolio provides an understanding of the similarities and differences between for-profit and governmental accounting, and perspective on the development of these fundamentals.

This Portfolio explains how users of financial statements can employ a variety of quantitative techniques to improve the usefulness of the information contained in those statements.

This Portfolio explains how analysts and other users of financial statements employ various qualitative techniques to improve the usefulness of the information in those statements.

This Portfolio examines the use of fair value measurements in financial reporting and discusses how reporting entities use fair value measurements to report assets and liabilities.

This Portfolio analyzes a methodology that companies of all sizes can adopt to identify, assess, and manage risk.

Earnings Per Share discusses the calculation, presentation, and disclosure requirements of Earnings Per Share under U.S. GAAP.

This Portfolio provides a comprehensive, easy to understand, reference on computing contract costs in accordance with the FAR Cost Principles for Commercial Organizations.

This Portfolio explains and analyzes federal corporate governance requirements for the financial reporting process.

This Portfolio provides guidance to corporations that wish to issue Triple Bottom Line or Sustainability Reports.

This Portfolio links two areas of accounting, enterprise risk management (ERM) and performance measurement, which are traditionally treated separately.

This Portfolio introduces accountants, auditors, managers, and regulators to the field of continuous auditing.

This Portfolio explains how to meet the challenges of heightened scrutiny, socially responsible investing, and increased transparency regarding contingent environmental liabilities.

This Portfolio discusses the procedures and methodologies used by valuation specialists when they value a closely held business.

This Portfolio examines the creation of and accounting for goodwill and other intangible assets, addressing the subject both in general and in the context of business combinations.

Business Combinations explains and analyzes financial accounting for mergers, acquisitions, and other business combinations under domestic and international accounting standards.

This Portfolio discusses one of the most challenging problems in the federal securities laws: complying with rules against lying through omission.

This Portfolio analyzes the standard audit report, circumstances that require modification of the report, and procedures and language for modifying the report as necessary.

This Portfolio outlines the competing roles that independent auditors and counsel for public companies play and the professional conflicts those roles create.

This Portfolio analyzes the rules and regulations governing auditor independence for auditors of issuers. This Portfolio discusses auditor independence rules as mandated by the SEC and the Sarbanes-Oxley Act of 2002 (SOX). This includes the rules issued by Public Company Accounting Oversight Board, authorized by Section 103(b) of the Sarbanes-Oxley Act. The Portfolio discusses the nature, significance, and limitations of auditor independence, as well as the prevailing rules.

 

This Portfolio explains and analyzes the rules and best practices for auditing fair values under U.S. and international auditing standards.

This Portfolio analyzes the standards to which auditors must adhere in planning and performing audits to obtain appropriate audit evidence for an entity's financial statements.

This Portfolio discusses the essential and fundamental aspects and functions of audit committees, focusing on their working relationship with other corporate governance participants.

This Portfolio discusses the calculation, presentation, and disclosure of asset retirement obligations under FAS 143 and IAS 37.

Activity-Based Costing and Management, explains activity-based costing (ABC) and shows how it can provide useful information to help management improve organizational performance.

This Portfolio explains and analyzes the valuation and presentation of accounts receivable and offers insights on best-practices for both internal reporting and management use.

This Portfolio explains and analyzes financial accounting and auditing of accounts receivable and associated items.

This Portfolio explains basic concepts and provides an overview of accounting principles and the financial statements that result from the accounting process.

This Portfolio explains how to account for income and principal of an estate or trust.

This Portfolio analyzes the complex measurement and recognition requirements of the Financial Accounting Standards and compares them with International Financial Reporting Standards.

This Portfolio analyzes the accounting and reporting requirements for most nongovernmental not-for-profit organizations and surveys relevant generally accepted accounting principles.

This Portfolio surveys the complex lease accounting rules that affect both lessees and lessors and discusses the background of lease accounting and financial reporting rules.

This Portfolio analyzes accounting and reporting for investments in debt securities by presenting, interpreting, and illustrating the generally accepted accounting principles.

This Portfolio provides a comprehensive analysis of FASB Interpretation No. 48, addressing the accounting for uncertainty in income taxes recognized in a company's financial statements.

This Portfolio analyzes issues that arise due to FASB Interpretation No. 48, which addresses the accounting for uncertainty in income taxes in a company's financial statements.

This Portfolio analyzes FASB Statement No. 109, Accounting for Income Taxes, and its international counterpart, IASC International Accounting Standards No. 12, Income Taxes, and more.

This Portfolio focuses on the standards established by FASB Statement No. 109 for financial accounting and reporting of income taxes and provides a comprehensive summary of the rules.

This Portfolio analyzes the accounting and reporting of long-term debt and other debt instruments.

This Portfolio examines accounting for contingencies under both U.S. Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS).

Accounting for Agricultural Producers explains and analyzes financial accounting guidelines for agricultural operations. A significant number of farm liquidations led to changes owners.

This Portfolio discusses the ethical obligations of accountants in the performance of professional services.