LYCOS RETRIEVER
Accounting: Costs
built 627 days ago
PFPC first developed a cost basis accounting system in 1992 to offer its clients an opportunity to provide shareholders with tax assistance in completing Schedule-D of their federal income tax return. PFPC-CBA will provide broker dealers with a system to offer their shareholders additional, more efficient and user-friendly transaction information.
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The Company's independent auditors recently identified accounting interpretations which conclude that a seller-lessee, by not recovering substantially all construction costs, has "continuing involvement" in the property. Up to now, the Company had concluded that none of the criteria for "continuing involvement," which generally involve guaranteed residuals, guaranteed rates of return or leave the seller-lessee with investment risk, had been met for any lease arrangement.
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Covers the subjects in the required core for undergraduate accounting majors: intermediate accounting, advanced accounting, cost accounting, auditing, and tax accounting. Credits will not count toward MBA degree. Prerequisite: ACCTG 215 and ACCTG 225 or equivalent, or permission of instructor.
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