Purveyors and purchasers of tax strategies that affect financial accounting
income must now consider not only the costs and cashflow benefits of implementing such a strategy, but also whether and how the transaction must be disclosed to both investors and the Service.
Other reasons include the three- to five-year commitment to earn a doctorate, the cost of attending a doctoral program, the salary and professional advancement opportunities available in other jobs, the professional opportunity cost of being in school and a general lack of knowledge about what academic accountants do and the support available to those interested in pursuing doctorates in accounting
However, the longer it takes to identify them, the more difficult and inefficient it becomes to reopen the accounting
ledgers and record the transactions or to adjust the SEC registrant's financial statements.
In order to discuss how markets will react, we must first examine why pension and OPEB accounting
reform is needed, and who is driving the accounting
frameworks should improve transparency around business decisions and outcomes without providing a disincentive to better management of risk.
Work on Phase II, detailing the accounting
for insurance contracts, had become "dormant" over the past year after the IASB ran into opposition from the insurance industry, said Clark.
Frequently, there are sound policy reasons for divergence between tax and accounting
principles, and a separate deliberative process for assessing tax changes will prevent unintended and undesirable consequences.
As a result of the oversight, the client faced a substantial increase in tax liability and sued the accounting
firm for malpractice.
is Associate Professor of Accounting
at Eastern Michigan University.
Retiring faculty members are just one reason that colleges and universities need accounting
Salva, Senior Vice President, Chief Accounting
Officer and Controller, Comcast Corporation
programs are finding it more difficult to staff their courses adequately and are hiring part-time adjunct or "clinical" faculty in greater numbers; other programs are reducing course offerings.