Accountant's Handbook 2008, Volume 3
John Wiley & Sons, 2008 - Business & Economics - 171 pages
This supplement brings forward two chapters that were scheduled to be included in the published 11th edition. In addition, it introduces a new set of experienced authors for and a revision of the very important chapter on State and Local Government AccountingChapter 34. Chapter 20: Goodwill and Other Intangible Assets includes a comprehensive examination of all current accounting literature bearing on the financial reporting of intangible assets, with a new emphasis on the intellectual property rights that are increasingly the foundation for business operations. Chapter 34: State and Local Government Accounting is a revision of the 11th edition Chapter. In the last decade there have been significant changes in accounting for State and Local Government entities and this has been a significant period of activity for the Governmental Accounting Standards Board. Chapter 50: Cost-Volume-Revenue Analysis for Nonprofit Organization. Ideally, breaking even is a potential targeted goal of a nonprofit organization. If you generate a surplus over a number of periods, donors or funding agents may question your need for the funds, and they may be curtailed. On the other hand, operating at a long term deficit, the nonprofit may become insolvent or unable to perform the desired level of services. It is a delicate balancing act. Cost-volume-revenue (CVR) analysis, together with cost behavior information and budgeting, can assist nonprofit managers in performing many useful planning analyses. By studying the relationships of costs, service volume, and revenue, nonprofit management is better able to understand the implications of many planning decisions. The chapter discusses this useful technique.
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Accounting Standards Board acquisition AICPA allocated applicable audit beneﬁts bond break-even budget business combination capital assets capital projects carrying amount classiﬁcation component units computer software contracts debt service deﬁned determined development costs disclosure economic EITF Issue entity’s estimated expenditures expensed as incurred fair value FASB ﬁduciary ﬁlm Financial Accounting Standards ﬁnancial position ﬁnancial reporting ﬁnancial statements ﬁnancing ﬁrst ﬁscal ﬁxed costs fund balance GAAP GASB Statement goodwill impairment test government-wide Governmental Accounting governmental funds governmental unit identiﬁable income statement indeﬁnite intangible assets acquired internal June 15 license long-term long-term liabilities measurement ment nonproﬁt Norwalk patent proprietary funds provides purchase recognized reporting entity reporting unit research and development revenue securitization SFAS signiﬁcant Single Audit special assessment speciﬁc Statement of Financial subject to amortization taxes tested for impairment trademark transactions unit of accounting valuation variable costs