In 2011, the FASC published a scholarly commentary critiquing the ED 2010 as too vague and proposing a revenue standard-setting framework that would entirely replace it.
In contrast to the expansive viewpoints of the FASC and CFA Institute, the European Financial Reporting Advisory Group argued that only with unilateral legal power to direct the use of and receive the benefit from a good or service (77) does a customer control that good or service, thereby allowing the seller to meet a threshold ED requirement for revenue recognition.
In a response to the FASB, the Committee noted that neither anecdotal evidence nor research supports the view that certain business combinations conform to the description of a "true merger" (AAA FASC 1999).
However, we do not believe the Board has made a compelling case for the reliability of the valuation tests, and we do not support recognition of internally generated goodwill (AAA FASC 2001).
30pm: Talk by Camille Butcher--see FASC
website for details.
provides research on 100+ public companies and monitors 250+ additional companies in these sectors.
It continues: The capacity of FASC
to deliver at least the current rates of effort, between 2,500 to 3,200 hours of airborne operations per year, is expected from the project.
With the strategic alliance between Atlas and FASC
, Atlas can be assured of controls needed to provide the best product to its customers.
recommendation RR9:Income Tax means, among other things, that the group account for net operating tax loss carry-forwards if there is a high likelihood that these tax deductions can be utilized against future net taxable income.
Moore is a member of the Board of Directors of Michael Foods and has served as a member of FASC
, the corporate advisory council to the Financial Accounting Standards Board.
) is pleased to announce that its KDS Micronex system has successfully reduced waste wood, such as hog fuel, wood chips, and bark into a coarse, corn-like sawdust, an ideal fuel source which can be used to produce electricity in Co-Generations systems.
According to Cal Kantonen, President of FASC
, "this could be the breakthrough we have been working towards.