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November 2017 Issue

Home /Magazine/November 2017 Issue
Featured

ICYMI | CPAs Can Help Others Reach Their Dreams

By  Iralma Pozo, CPA

March 2021 0

One of the most amazing things that CPAs can do is give other people the tools they need to realize their goals. CPAs teach their…

Featured

ICYMI | CPAs Can Help Others Reach Their Dreams

By  Iralma Pozo, CPA

November 2018 0

One of the most amazing things that CPAs can do is give other people the tools they need to realize their goals. CPAs teach their…

November 2017 Issue

Tax & Accounting Update

By  CPAJ Staff

December 2017 0

Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…

Letters to the Editor

Finding Ideal Accounting Faculty

By  Jeffry Haber, PhD, CPA

December 2017 0

What a terrific issue (September 2017)! There were so many thoughtful and relevant articles related to accounting education that it was hard to narrow down…

Letters to the Editor

Creating Synergy Between Academics and Professionals

By  Alan D. Jagolinzer

December 2017 0

I read, with some interest, the recent special issue (September 2017) on accounting education, which discussed pedagogical changes needed to create synergy between academics and…

Featured

What’s Wrong (and Right) with Accounting Education

By  Allan B. Afterman, PhD, CPA

December 2017 0

I just finished reading the September 2017 issue. It was a very good overview of what's wrong (and right) with accounting education. The takeaways for…

Featured

Helping Business Owners Understand Valuation Approaches

By  Edward Mendlowitz, CPA/PFS, ABV and Sidney Kess, JD, LLM, CPA

December 2017 0

Individuals who own businesses frequently need to have the business valued. Sometimes it is for a specific purpose, such as for postsale retirement planning; other…

Featured

Practical Data Security Resources

By  Susan B. Anders, PhD, CPA/CGMA and Ramona Rodriguez

December 2017 0

The IRS recently reported (IR-2017-176) a 30% decline in confirmed identity theft returns from 2016 to 2017 and a 40% reduction in taxpayer self-reported identity…

Featured

Our Greatest Hits | Applications of control charts

From The CPA Journal Archives

By  Richard M. Walter, Mark M. Higgins and Harold P. Roth

December 2017 0

"Our Greatest Hits" is an effort to show our readers the most popular - and still avidly read - articles from our archives. This article…

November 2017 Issue

Forté Capital’s Selected Statistics

By  CPAJ Staff

December 2017 0

Industrial Production Recent data on U.S. industrial production indicates a return to growth, growing 0.3% in September, as opposed to August, during which time industrial…

News & Views

Small Business Advisory Committee Backs Simplified Approach to Goodwill

FASB/AICPA News

By  Thomson Reuters Checkpoint

December 2017 0

FASB News Small Business Advisory Committee Backs Simplified Approach to Goodwill Representatives from small businesses, auditors, and investors told FASB on November 30 that they…

Featured

Planning for Charitable Giving by High-Income Taxpayers

By  James R. Grimaldi, CPA, James A.J. Revels, CPA and Sidney Kess, JD, LLM, CPA

December 2017 0

(http://bit.ly/2yMsBi1), individuals gave $281.86 billion in 2016, nearly 4% more than the prior year. How do high-income taxpayers—defined here as income of $200,000 or more—fit…

Featured

An Update on the Sourcing of Financial Receipts for Broker-Dealers

By  Corey L. Rosenthal, JD and John Morhart

December 2017 0

Sourcing receipts for apportioning business income continues to be a challenge to CPAs, especially for providers of services. Financial service companies in particular have seen…

Featured

Implementing Variable Considerations in Revenue Recognition

By  Ning Du, PhD and Ray Whittington, PhD

December 2017 0

In May 2014, FASB and the IASB released a final, converged standard on revenue recognition [see Accounting Standards Update (ASU) 2014-09 and IFRS 15]. The…

Featured

Essentials of Personal Financial Planning

By  Edward Mendlowitz, CPA/PFS, ABV

December 2017 0

Many CPAs and most tax specialists perform personal financial planning (PFP) services; the AICPA estimates that more than 100,000 of its members perform some form…

News & Views

Leasing Standard to Get Minor Revisions Before Effective Date

By  Thomson Reuters Checkpoint

November 2017 0

FASB News Leasing Standard to Get Minor Revisions Before Effective Date On November 29, FASB said it plans to float a proposal for public comment…

Featured

The Potential Impact of Lease Accounting on Equity Valuation

By  Matthew A. Stallings, PhD

November 2017 0

On February 25, 2016, FASB, in collaboration with the International Accounting Standards Board (IASB), released Accounting Standards Update (ASU) 2016-02, Leases (Topic 842), in order to…

Featured

The Trust Fund Recovery Penalty

By  Kevin M. Flynn, JD

November 2017 0

Under Internal Revenue Code (IRC) section 6672(a), an individual can be held personally liable for a penalty for the willful failure to collect, account for,…

Featured

Interest Rate Swaps: Simplified Accounting for a Perfect Fair Value Hedge

By  Josef Rashty, CPA

November 2017 0

The U.S. economy has been improving steadily for the past seven years, and interest rates have remained at historical lows. Nevertheless, there will be an…

News & Views

2018 PCAOB Budget Cuts Spending By 3.2 Percent

PCOAB/AICPA/IASB News

By  Thomson Reuters Checkpoint

November 2017 0

PCAOB News 2018 PCAOB Budget Cuts Spending by 3.2 Percent On November 16, the PCAOB unanimously approved its 2018 budget of $259.9 million, an $8.6…

Featured

Improving Income Statement Reporting of Debt Extinguishments

By  Paul R. Bahnson, PhD, CPA, David Koeppen, PhD and Troy Hyatt, PhD, CPA

November 2017 0

To make informed decisions, financial statement users need to understand the nature of the items on a company's income statement, particularly whether they are persistent…

Featured

A Proper Risk-Based Approach to the Search for Unrecorded Liabilities

By  Howard B. Levy, CPA

November 2017 0

A search for unrecorded liabilities is a fundamental, almost universally applied procedure in all audits. The scope of such a search frequently includes a sampling…

Featured

CPAs Can Help Others Reach Their Dreams

By  Iralma Pozo, CPA

November 2017 0

One of the most amazing things that CPAs can do is give other people the tools they need to realize their goals. CPAs teach their…

Featured

Characteristics of Financial Restatements and Frauds

An Analysis of Corporate Reporting Quality from 2000–2014

By  Fatima Alali, PhD and Sophia I-Ling Wang, PhD

November 2017 0

Corporate reporting quality has been at the forefront of the profession since the major corporate accounting scandals such as Enron and WorldCom at the beginning…

Featured

Forensic Accounting

A Value-Adding Skill for the CPA

By  Eric A. Kreuter, PhD, CPA, CFE, CGMA, CMA, MAFF

November 2017 0

Accountants, especially those in public accounting, normally strive for attainment of the coveted Certified Public Accountant (CPA) designation. After four to five years of study,…

Featured

Why Data Is Killing CPA Firms

By  Jason L. Ackerman, CPA, CFP, CGMA

November 2017 0

CPAs love collecting data on employees, clients, and themselves. Most firms track dozens of key performance indicators (KPI) to manage their practices—most of them focused…

Featured

Overcoming Obstacles with the Right Tax Software

2017 Annual Survey of New York State Practitioners

By  Susan B. Anders, PhD, CPA/CGMA and Carol M. Fischer, PhD, CPA, CGMA

November 2017 0

In Brief New York tax practitioners encountered new challenges during the 2017 tax season, most notably meeting the new driver's license reporting requirements and obtaining…

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Our Latest Content

  • Adding Age (A) to DEI Is a Good IDEA February 2023
  • CPAJ News Briefs: FASB, AICPA February 2023
  • Enhancing Employee Resilience February 2023
  • Cybersecurity Resources for Accounting Practices January 2023
  • A Practical Roadmap for Introducing Agility to Certified Public Accounting Firms January 2023












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