Technical Questions and Answers - 2020

Find the answers to the questions accountants, CPA, and clients are asking the AICPA in Technical Questions and Answers, a compilation of popular Q&As from the AICPA's Technical Hotline. This resource includes non-authoritative literature on the following subjects:* Financial Statement Presentation* Assets* Liabilities and Deferred Credits* Capital* Revenue and Expense* Specialized Industry Problems* Specialized Organizational Problems* Audit Fieldwork* Auditor's Reports* Attestation EngagementsNew Q&As have been added for:* Revised Section 163(j) limitation and evaluation of the realizability of a Section 163(j) carryforward (sections 3300.01-.02)* Accounting for costs incurred in connection with the implementation of electronic health record systems (section 6400.53)* Financial presentation considerations related to transactions involving provider taxation programs and similar arrangements (section 6400.54)* Auditor assessment of a special-purpose government's only immaterial fiduciary fund (sections 6950.23-.24)* Reporting guidance upon initial implementation of Statement on Auditing Standards no. 134, as amended (section 8100.04)* OMB 2019 Compliance Supplement (sections 9110.24-.27)Q&As under the following topics have also been revised: Statement of cash flows (section 1300), Consolidated financial statements (section 1400), Notes to financial statements (section 1800), Cash (section 2110), Fixed assets (section 2210), Long-term investments (section 2220), Health care entities (section 6400), Investment companies (section 6910), Financial Statement Reporting and Disclosure -- Employee Benefit Plans (section 6931), Auditing Employee Benefit Plans (section 6933), Predecessor auditors (section 8900), Special reports (section 9110), Attestation reports (section 9510), and Attest engagement: American Land Title Association best practices framework (section 9540).

Sommario

1000 Financial Statement Presentation 31100 Statement of Financial Position1200 Income Statement1300 Statement of Cash Flows1400 Consolidated Financial Statements1500 Financial Statements Prepared in Accordance With a Special Purpose Framework1600 Personal Financial Statements1700 Prospective Financial Statements1800 Notes to Financial Statements1900 Interim Financial Information2000 Assets 432110 Cash2120 Temporary Investments2130 Receivables2140 Inventories2210 Fixed Assets2220 Long-Term Investments2230 Noncurrent Receivables2240 Cash Surrender Value of Life Insurance2250 Intangible Assets2260 Other Assets3000 Liabilities and Deferred Credits 1113100 Current Liabilities3200 Long-Term Debt3300 Deferred Taxes3400 Contingent Liabilities3500 Commitments3600 Deferred Credits3700 Pension Obligations4000 Capital 1354110 Issuance of Capital Stock4120 Reacquisition of Capital Stock4130 Warrants4150 Stock Dividends and Stock Splits4160 Contributed Capital4200 Retained Earnings4210 Dividends4230 Capital Transactions5000 Revenue and Expense 1535100 Revenue Recognition5210 Depreciation and Depletion5220 Interest Expense5230 Employee Benefit Plans5240 Cost Allocation5250 Tax Allocation5260 Estimated Losses5290 Other Expenses5400 [Deleted]5500 Earnings per Share5600 Leases5700 Contributions Made6000 Specialized Industry Problems 2016130 Finance Companies6140 Not-For-Profit Entities6300 Insurance Companies6400 Health Care Entities6500 Extractive Industries6600 Real Estate6700 Construction Contractors6910 Investment Companies6930 Employee Benefit Plans6931 Financial Statement Reporting and Disclosure -- Employee Benefit Plans6932 ERISA Reporting and Disclosures6933 Auditing Employee Benefit Plans6934 Limited-Scope Audits -- Employee Benefit Plans6935 Multiemployer Plans6936 Auditing Defined Contribution Plans6937 Auditing Defined Benefit Plans6938 Auditing Health and Welfare Plans6939 Auditor's Reports -- Employee Benefit Plans6940 Franchisors6950 State and Local Governments6960 Colleges and Universities6970 Entertainment Industry6980 Brokers and Dealers6985 U.S. Department of Housing and Urban Development (HUD) Programs6000 Specialized Industry Problems--continued6990 Common Interest Realty Associations6995 Credit Unions7000 Specialized Organizational Problems 4277100 Definition of a Public Business Entity7200 Partnerships7400 Related Parties7500 Estates and Trusts7600 Business Combinations--General7610 Purchase Method7620 Applicability of Pooling of Interests Method7630 Application of Pooling of Interests Method8000 Audit Field Work 4658100 Generally Accepted Auditing Standards8200 Internal Control8220 Sampling8310 Audit Evidence: Securities8320 Audit Evidence: Inventories8330 Audit Evidence: Fixed Assets8340 Audit Evidence: Confirmation Procedures8345 Audit Evidence: Destruction of Documents8350 Audit Evidence: Audit Documentation8700 Subsequent Events8800 Audits of Group Financial Statements and Work of Others8900 Predecessor Auditors9000 Auditors' Reports 5359030 Accounting Changes9060 Uncertainties9070 Subsequent Events9080 Audited Financial Statements9100 Signing and Dating Reports9110 Special Reports9120 Reliance on Others9130 Limited Scope Engagements9150 Preparation, Compilation and Review Engagements9160 Other Reporting Issues9170 Supplementary Information9180 Required Supplementary Information9500 Attestation Engagements 6099510 Attestation Reports9520 [Deleted]9530 [Deleted]9540 Attest Engagement: American Land Title Association Best Practices FrameworkQ&A Topical Index 633

Info autore

The American Institute of CPAs (AICPA) is the world's largest member association representing the CPA profession, with more than 429,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the procession.

Riassunto

Find the answers to the questions accountants, CPA, and clients are asking the AICPA in Technical Questions and Answers, a compilation of popular Q&As from the AICPA's Technical Hotline. This resource includes non-authoritative literature on the following subjects:
* Financial Statement Presentation
* Assets
* Liabilities and Deferred Credits
* Capital
* Revenue and Expense
* Specialized Industry Problems
* Specialized Organizational Problems
* Audit Fieldwork
* Auditor's Reports
* Attestation Engagements

New Q&As have been added for:
* Revised Section 163(j) limitation and evaluation of the realizability of a Section 163(j) carryforward (sections 3300.01-.02)
* Accounting for costs incurred in connection with the implementation of electronic health record systems (section 6400.53)
* Financial presentation considerations related to transactions involving provider taxation programs and similar arrangements (section 6400.54)
* Auditor assessment of a special-purpose government's only immaterial fiduciary fund (sections 6950.23-.24)
* Reporting guidance upon initial implementation of Statement on Auditing Standards no. 134, as amended (section 8100.04)
* OMB 2019 Compliance Supplement (sections 9110.24-.27)

Q&As under the following topics have also been revised: Statement of cash flows (section 1300), Consolidated financial statements (section 1400), Notes to financial statements (section 1800), Cash (section 2110), Fixed assets (section 2210), Long-term investments (section 2220), Health care entities (section 6400), Investment companies (section 6910), Financial Statement Reporting and Disclosure -- Employee Benefit Plans (section 6931), Auditing Employee Benefit Plans (section 6933), Predecessor auditors (section 8900), Special reports (section 9110), Attestation reports (section 9510), and Attest engagement: American Land Title Association best practices framework (section 9540).

Dettagli sul prodotto

• Autori: AICPA
• Editore: Wiley, John and Sons Ltd
• Lingue: Inglese
• Formato: Tascabile
• Pubblicazione: 31.12.2020
• EAN: 9781950688517
• ISBN: 978-1-950688-51-7
• Pagine: 688
• Serie: AICPA
• Categorie: Scienze sociali, diritto, economia > Economia > Economia aziendale; Rechnungswesen, Finanzbuchhaltung, Accounting, Financial Accounting, Spezialthemen Rechnungswesen, Accounting Special Topics, Intermediate Accounting, Rechnungswesen / Vordiplom