A&A news May 2009

A&A

IASB publishes draft guidance on fair value measurement

The International Accounting Standards Board (IASB) has published for public comment an exposure draft of draft guidance on fair value measurement.
Tax

Small business tax deduction strategies: Maximize Section 179 write-offs

Even though most business property must be depreciated over a period of time, you can still speed up write-offs if you're armed with tax knowledge. That's because your not-so-secret weapon - the Section 179 expensing allowance - lets you write off most or all of the cost of most business assets in the very first year of ownership! Here are the ground rules.Under Section 179 of the tax code, you can elect to instantly deduct, or "expense," the cost of qualified business assets bought and placed in service during the year, up to a certain limit.
A&A

FASB issues new lease accounting paper

By Shawn D. Halladay The FASB has issued a Discussion Paper on lessee accounting for leases. As expected, the requirement to classify leases as capital or operating is gone and lessees must capitalize all leases. This one-size-fits-all model, which treats dollar-outs and FMV leases the same, accounts for very different transactions in the same way.
A&A

Economy: SBA expands eligibility for small business loans

More small businesses will be eligible for U.S. Small Business Administration-backed loans, meaning greater access to much-needed capital in this tough economy, as a result of a temporary alternate size standard for the agency's largest lending program.SBA's alternate size standard for its 7(a) loan program is effective through September 30, 2010. As a result of the temporary change, more than 70,000 additional small businesses – including auto and RV dealerships, auto industry suppliers and others – could be eligible to apply for SBA 7(a) loan.
A&A

AICPA Forensic Q&A - Week 6

How can I become a member of AICPA's Forensic and Valuation Services (FVS) Section?
A&A

The power of anecdote and agenda: Researching your prospects' buying patterns

by Barbara Bix and Melissa Josephson Edwards As marketing directors, we want to invest money in marketing projects that demonstrate a return on investment and that will make a difference in the bottom line. How can you develop a great marketing campaign that will deliver results?By conducting market research to:  
A&A

AICPA Forensic Q&A - Week 5

I already have an Accredited in Business Valuation (ABV) credential; do I need the Certified in Financial Forensics (CFF) credential?
A&A

AICPA Forensic Q&A - Week 4

What are the common skills possessed by Forensic Accountants?