Accounting for contributed services: the FASB's conceptual confusion
Article Abstract:
Contributed services are one of the activities engaged in by not-for-profits that business organizations do not practice. The attempts of the FASB to develop an accounting standard for such services have so far been unproductive, given its many flaws. The board should clarify a number of general aspects of the conceptual framework as it applies to not-for-profits. The FASB also needs to reconsider the SFAS 116, 'Accounting for Contributions Received and Contributions Made.'
Publication Name: Financial Accountability & Management
Subject: Business
ISSN: 0267-4424
Year: 1995
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Infrastructure accounting for local authorities: technical management and political context
Article Abstract:
Various government agencies in Nw Zealand are using full accrual accounting as a method for computing infrastructure assets and their depreciation. However, organizations such as the Institute of Chartered Accountants of new Zealand and the Society of Local Government Managers continue to examine ways of improving industry standards. Some of the issues considered include asset definition and measurement and expense recognition and measurement.
Publication Name: Financial Accountability & Management
Subject: Business
ISSN: 0267-4424
Year: 1997
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