1976), the taxpayer accounted for
most of its charge accounts on the installment method, but used the less favorable accrual method for one type of charge account that the IRS did not think properly fit the definition of "installment sale.
ACQUIRING COMPANIES PAY A HIGHER PREMIUM to pool, on average, than to complete a deal that is accounted for
as a purchase.
NPOs also must disclose gains and losses realized for investments not accounted for
using fair value (unmarketable equity securities).
The following consensus was reached regarding investments accounted for
under the cost method:
The issue is whether these transactions should be accounted for
as borrowings in accordance with paragraphs 21 and 22 of FASB Statement no.
The movement, they contend, will transform how business is conducted and, in turn, how transactions are accounted for
and reported on a global basis.
97 contracts should be accounted for
as a catch-up adjustment.
structurings deal with accounting for foreclosure or repossession of assets in satisfaction of receivables and requires foreclosed assets be accounted for
at their fair value at the time of foreclosure.
Accounting changes from another accounting principle to an EITF consensus should be accounted for
in accordance with Accounting Principles Board Opinion no.
They believed purchase accounting would not apply to such transactions because they are combinations of enterprises under common control, which normally are accounted for
at historical cost in a manner that is similar to pooling.