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Proposed Apb Opinion : Accounting For Investment Tax Credits;Accounting For Investment Tax Credits; Exposure Draft (American Institute Of Certified Public Accountants), 1971, Oct. 22, American Institute Of Certified Public Accountants. Accounting Principles Board
Proposed Apb Opinion : Accounting For Investment Tax Credits;Accounting For Investment Tax Credits; Exposure Draft (American Institute Of Certified Public Accountants), 1971, Oct. 22, American Institute Of Certified Public Accountants. Accounting Principles Board
Exposure Drafts, Comment Letters, and Statements of Position
This proposed Opinion was drafted on the basis of the bill (HR 10947) passed by the House October 6 and will require that benefits arising from investment tax credits be accounted for as reductions of income tax expense over the periods in which the cost of the related property is charged to income. In taking final action, the Board will, of course, take into consideration any changes in relevant provisions of the law as finally enacted that differ substantially from those provisions in the House bill.
Proposed Apb Opinion : Translating Foreign Operations;Translating Foreign Operations; Exposure Draft (American Institute Of Certified Public Accountants), 1971, Dec. 20, American Institute Of Certified Public Accountants. Accounting Principles Board
Proposed Apb Opinion : Translating Foreign Operations;Translating Foreign Operations; Exposure Draft (American Institute Of Certified Public Accountants), 1971, Dec. 20, American Institute Of Certified Public Accountants. Accounting Principles Board
Exposure Drafts, Comment Letters, and Statements of Position
This draft Opinion deals with some aspects of accounting for translation adjustments arising from the application of the monetary/nonmonetary approach to the translation of foreign currency assets and liabilities. Among other things it proposes that certain debit and credit translation adjustments should be deferred while others should be carried immediately to income.
Proposed Apb Opinion : Disclosure Of Accounting Policies;Disclosure Of Accounting Policies; Exposure Draft (American Institute Of Certified Public Accountants), 1971, Dec. 27, American Institute Of Certified Public Accountants. Accounting Principles Board
Proposed Apb Opinion : Disclosure Of Accounting Policies;Disclosure Of Accounting Policies; Exposure Draft (American Institute Of Certified Public Accountants), 1971, Dec. 27, American Institute Of Certified Public Accountants. Accounting Principles Board
Exposure Drafts, Comment Letters, and Statements of Position
In recent years, an increasing number of business enterprises are including in their annual reports to shareholders a separate summary of the major accounting policies followed in preparing the financial statements. This disclosure has been favorably received by users of financial statements and endorsed by organizations representing corporate business. Practice by those entities that present summaries of accounting policies has varied considerably. Some entities present the summary of accounting policies as an integral part of the financial statements; others present it as supplementary information. In addition, both the nature and the degree of disclosure vary, and related guidelines are lacking. …