Linda is a CPA living in Southwestern Ohio, working as a research accountant for an investor-owned publicly traded utility company. She specializes in implementing new FASB and SEC requirements and FAS 133 derivative issues. In her role at the utility she has encountered many issues and written many memos, so send in your implementation and derivative issues and Linda will help figure out an answer.
The objective of this EITF is to clarify how to account for defensive intangible assets subsequent to initial measurement. It applies to acquired intangible assets that the entity does not plan to actively use but intends to hold to prevent its competitors from using it.
Read More
| Leave a Comment
This EITF was issued to clarify the interaction between FAS 141(R) and FAS 160 and equity method accounting. Equity method accounting is discussed in FAS 141 (before revision) and ARB 51.
This EITF was issued to help in the determination of the issuer’s unit of accounting for a liability that is recorded at fair value that has an inseparable third-party credit enhancement.
Nonpublic companies get another year to think about FIN 48 but must disclose how they are going to evaluate uncertain tax positions in their 2008 filings.
Read More
| Leave a Comment
We really dodged a bullet with this one. The previous FSP would have been a nightmare to implement for anyone with debt securities and was to be effective for the 1st quarter of 2009. This proves that the FASB does read the comment letters that are sent in and does take them into consideration. So be sure to send in those comment letters.
Read More
| Leave a Comment
Linda is a CPA living in Southwestern Ohio, working as a research accountant for an investor-owned publicly traded utility company. She specializes in implementing new FASB and SEC requirements and FAS 133 derivative issues. In her role at the utility she has encountered many issues and written many memos, so send in your implementation and derivative issues and Linda will help figure out an answer.
