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<br /> www.cpaj.com May 2013<br /> The Affordable Care Act’s<br /> Effect on Charitable Hospitals<br /> plus<br /> • Accounting for Unused Capacity<br /> • Proposed Changes to Leases<br /> • An Interview with PEEC Chair Wes Williams<br /> <br /> FAE 2013 CPE<br /> foundation for accounting<br /> FAE<br /> education<br /> FAE VALUE PASS PROGRAM OPTION PRICE<br /> Individual FAE VP24 $820<br /> Individual FAE VP40 $1,295<br /> Firm/Company FAE VP40 $1,745<br /> Firm/Company FAE VP80 $3,195<br /> P<br /> FAEVP<br /> Save on 2013 FAE Events with the all NEW<br /> FAE VALUE PASS PROGRAM<br /> (Formerly Known as Pay-One-Price or POP)<br /> MAXIMUM VALUE<br /> With the new FAE Value Pass (FAE VP) Program, you can fulfill your education<br /> requirements in a convenient and easy way, while saving on quality CPE from FAE.<br /> The new Individual FAE VP grants you access to up to 24 or 40 hours of CPE through any<br /> combination o<a title="The CPA Journal - May 2013 page 1" href="http://viewer.zmags.com/publication/75821162?page=1"> www.cpaj.com May 2013 The Aff</a> <a title="The CPA Journal - May 2013 page 2" href="http://viewer.zmags.com/publication/75821162?page=2"> </a> <a title="The CPA Journal - May 2013 page 3" href="http://viewer.zmags.com/publication/75821162?page=3"> FAE 2013 CPE foundation for accounting FAE ed</a> <a title="The CPA Journal - May 2013 page 4" href="http://viewer.zmags.com/publication/75821162?page=4"> CONTENTS may 2013 6 PERSPECTIVES 14 IN FOC</a> <a title="The CPA Journal - May 2013 page 5" href="http://viewer.zmags.com/publication/75821162?page=5"> vol. LXXXIII/no. 5 20 ESSENTIALS </a> <a title="The CPA Journal - May 2013 page 6" href="http://viewer.zmags.com/publication/75821162?page=6"> new york state society of NYSSCPA certif</a> <a title="The CPA Journal - May 2013 page 7" href="http://viewer.zmags.com/publication/75821162?page=7"> FAE 2013 Conferences foundation for accountin</a> <a title="The CPA Journal - May 2013 page 8" href="http://viewer.zmags.com/publication/75821162?page=8"> PERSPECTIVES management accounting Management</a> <a title="The CPA Journal - May 2013 page 9" href="http://viewer.zmags.com/publication/75821162?page=9"> publisher’s column Internal Audit Function Pr</a> <a title="The CPA Journal - May 2013 page 10" href="http://viewer.zmags.com/publication/75821162?page=10"> (Continued from page 6) the organization through </a> <a title="The CPA Journal - May 2013 page 11" href="http://viewer.zmags.com/publication/75821162?page=11"> standards setting The New Pension Reporting </a> <a title="The CPA Journal - May 2013 page 12" href="http://viewer.zmags.com/publication/75821162?page=12"> Center for Retirement Research looked at 68 wou</a> <a title="The CPA Journal - May 2013 page 13" href="http://viewer.zmags.com/publication/75821162?page=13"> ticipate in cost-sharing plans. Governments will </a> <a title="The CPA Journal - May 2013 page 14" href="http://viewer.zmags.com/publication/75821162?page=14"> Big Four accounting firms, one in six audits it r</a> <a title="The CPA Journal - May 2013 page 15" href="http://viewer.zmags.com/publication/75821162?page=15"> n In law schools, courses are taught on ethics, e</a> <a title="The CPA Journal - May 2013 page 16" href="http://viewer.zmags.com/publication/75821162?page=16"> In Focus </a> <a title="The CPA Journal - May 2013 page 17" href="http://viewer.zmags.com/publication/75821162?page=17"> Examining the Ethics Process A Conversation with </a> <a title="The CPA Journal - May 2013 page 18" href="http://viewer.zmags.com/publication/75821162?page=18"> The Professional Ethics Executive Committee </a> <a title="The CPA Journal - May 2013 page 19" href="http://viewer.zmags.com/publication/75821162?page=19"> prior to publication; and serving in enforce- men</a> <a title="The CPA Journal - May 2013 page 20" href="http://viewer.zmags.com/publication/75821162?page=20"> ditions might include specific CPE [con- tinuing </a> <a title="The CPA Journal - May 2013 page 21" href="http://viewer.zmags.com/publication/75821162?page=21"> stand. The codification will incorporate a “threa</a> <a title="The CPA Journal - May 2013 page 22" href="http://viewer.zmags.com/publication/75821162?page=22"> ACCOUNTING & AUDITING financial re</a> <a title="The CPA Journal - May 2013 page 23" href="http://viewer.zmags.com/publication/75821162?page=23"> ing treatment of fixed manufacturing over- head c</a> <a title="The CPA Journal - May 2013 page 24" href="http://viewer.zmags.com/publication/75821162?page=24"> hand, would indicate abnormal unused pro- ductive</a> <a title="The CPA Journal - May 2013 page 25" href="http://viewer.zmags.com/publication/75821162?page=25"> decreased work-in-process and finished- goods inv</a> <a title="The CPA Journal - May 2013 page 26" href="http://viewer.zmags.com/publication/75821162?page=26"> Only one of the nine domestic steel com- pan</a> <a title="The CPA Journal - May 2013 page 27" href="http://viewer.zmags.com/publication/75821162?page=27"> Estimating the amount of the unfavorable fix</a> <a title="The CPA Journal - May 2013 page 28" href="http://viewer.zmags.com/publication/75821162?page=28"> traded companies—out of thousands that filed 10K </a> <a title="The CPA Journal - May 2013 page 29" href="http://viewer.zmags.com/publication/75821162?page=29"> FAE 2013 Web Events Stay up-to-date easily and </a> <a title="The CPA Journal - May 2013 page 30" href="http://viewer.zmags.com/publication/75821162?page=30"> ACCOUNTING & AUDITING financial re</a> <a title="The CPA Journal - May 2013 page 31" href="http://viewer.zmags.com/publication/75821162?page=31"> guishment of debt from 2002 (3% of com- panies) t</a> <a title="The CPA Journal - May 2013 page 32" href="http://viewer.zmags.com/publication/75821162?page=32"> sions, and instead supports the possibility that </a> <a title="The CPA Journal - May 2013 page 33" href="http://viewer.zmags.com/publication/75821162?page=33"> gains from extinguishment of debt as a sep- arate</a> <a title="The CPA Journal - May 2013 page 34" href="http://viewer.zmags.com/publication/75821162?page=34"> TAXATION state & local taxation </a> <a title="The CPA Journal - May 2013 page 35" href="http://viewer.zmags.com/publication/75821162?page=35"> 1st App. Dist., Div. 4, No. A130803), and trends </a> <a title="The CPA Journal - May 2013 page 36" href="http://viewer.zmags.com/publication/75821162?page=36"> EXHIBIT 1 (CONTINUED) Corpora</a> <a title="The CPA Journal - May 2013 page 37" href="http://viewer.zmags.com/publication/75821162?page=37"> California’s high sales and use tax rates are</a> <a title="The CPA Journal - May 2013 page 38" href="http://viewer.zmags.com/publication/75821162?page=38"> EXHIBIT 2 Gross Receipts Tax</a> <a title="The CPA Journal - May 2013 page 39" href="http://viewer.zmags.com/publication/75821162?page=39"> The combination of sales and use tax rate incr</a> <a title="The CPA Journal - May 2013 page 40" href="http://viewer.zmags.com/publication/75821162?page=40"> EXHIBIT 2 (CONTINUED) Gross Receipts Ta</a> <a title="The CPA Journal - May 2013 page 41" href="http://viewer.zmags.com/publication/75821162?page=41"> this is important because uniformity reduces tax </a> <a title="The CPA Journal - May 2013 page 42" href="http://viewer.zmags.com/publication/75821162?page=42"> </a> <a title="The CPA Journal - May 2013 page 43" href="http://viewer.zmags.com/publication/75821162?page=43"> ble weighted or sales only. In Louisiana and Miss</a> <a title="The CPA Journal - May 2013 page 44" href="http://viewer.zmags.com/publication/75821162?page=44"> n Ohio: three factors with sales triple weighted</a> <a title="The CPA Journal - May 2013 page 45" href="http://viewer.zmags.com/publication/75821162?page=45"> do not apply equally weighted, three-fac- tor app</a> <a title="The CPA Journal - May 2013 page 46" href="http://viewer.zmags.com/publication/75821162?page=46"> EXHIBIT 5 Taxability of State Bond</a> <a title="The CPA Journal - May 2013 page 47" href="http://viewer.zmags.com/publication/75821162?page=47"> the click-through nexus statutes were pat- terned</a> <a title="The CPA Journal - May 2013 page 48" href="http://viewer.zmags.com/publication/75821162?page=48"> TAXATION federal taxation Taxing Ministers of</a> <a title="The CPA Journal - May 2013 page 49" href="http://viewer.zmags.com/publication/75821162?page=49"> net self-employment earnings from ministe- rial w</a> <a title="The CPA Journal - May 2013 page 50" href="http://viewer.zmags.com/publication/75821162?page=50"> Qualified Home Expenses Versus Excess Parsonage A</a> <a title="The CPA Journal - May 2013 page 51" href="http://viewer.zmags.com/publication/75821162?page=51"> lection for a particular church worker for any re</a> <a title="The CPA Journal - May 2013 page 52" href="http://viewer.zmags.com/publication/75821162?page=52"> FINANCE bankruptcy A P</a> <a title="The CPA Journal - May 2013 page 53" href="http://viewer.zmags.com/publication/75821162?page=53"> debtors. Although individual debtors are allowed </a> <a title="The CPA Journal - May 2013 page 54" href="http://viewer.zmags.com/publication/75821162?page=54"> n The first comparison is to determine whether th</a> <a title="The CPA Journal - May 2013 page 55" href="http://viewer.zmags.com/publication/75821162?page=55"> for Chapter 13 bankruptcy on March 31, 2006. At t</a> <a title="The CPA Journal - May 2013 page 56" href="http://viewer.zmags.com/publication/75821162?page=56"> FINANCE personal financial planning The Bene</a> <a title="The CPA Journal - May 2013 page 57" href="http://viewer.zmags.com/publication/75821162?page=57"> reduction in taxable income—meaning that the net </a> <a title="The CPA Journal - May 2013 page 58" href="http://viewer.zmags.com/publication/75821162?page=58"> tax liability on the conversion. That is, althoug</a> <a title="The CPA Journal - May 2013 page 59" href="http://viewer.zmags.com/publication/75821162?page=59"> MANAGEMENT not-for-profit organizations </a> <a title="The CPA Journal - May 2013 page 60" href="http://viewer.zmags.com/publication/75821162?page=60"> week before the Supreme Court’s ruling, the Treas</a> <a title="The CPA Journal - May 2013 page 61" href="http://viewer.zmags.com/publication/75821162?page=61"> The regulations that have resulted from the AC</a> <a title="The CPA Journal - May 2013 page 62" href="http://viewer.zmags.com/publication/75821162?page=62"> n Measures to widely publicize the FAP within the</a> <a title="The CPA Journal - May 2013 page 63" href="http://viewer.zmags.com/publication/75821162?page=63"> hospital has an FAP, and reviewing the hospital’s</a> <a title="The CPA Journal - May 2013 page 64" href="http://viewer.zmags.com/publication/75821162?page=64"> Implications. CPAs will be in a position to </a> <a title="The CPA Journal - May 2013 page 65" href="http://viewer.zmags.com/publication/75821162?page=65"> MANAGEMENT human resources Targeted Recruitin</a> <a title="The CPA Journal - May 2013 page 66" href="http://viewer.zmags.com/publication/75821162?page=66"> EXHIBIT 2 Top F</a> <a title="The CPA Journal - May 2013 page 67" href="http://viewer.zmags.com/publication/75821162?page=67"> items that have been identified as key fac- tors </a> <a title="The CPA Journal - May 2013 page 68" href="http://viewer.zmags.com/publication/75821162?page=68"> RESPONSIBILITIES & LEADERSHIP education </a> <a title="The CPA Journal - May 2013 page 69" href="http://viewer.zmags.com/publication/75821162?page=69"> exam or whether some schools have done a better j</a> <a title="The CPA Journal - May 2013 page 70" href="http://viewer.zmags.com/publication/75821162?page=70"> on the CPA Examination, published by NASBA betwee</a> <a title="The CPA Journal - May 2013 page 71" href="http://viewer.zmags.com/publication/75821162?page=71"> Kentucky, Michigan State University, and Virginia</a> <a title="The CPA Journal - May 2013 page 72" href="http://viewer.zmags.com/publication/75821162?page=72"> results, the average top 10 scores of May and Nov</a> <a title="The CPA Journal - May 2013 page 73" href="http://viewer.zmags.com/publication/75821162?page=73"> od (CBT), it was 73%. This sharp increase is like</a> <a title="The CPA Journal - May 2013 page 74" href="http://viewer.zmags.com/publication/75821162?page=74"> TECHNOLOGY what to bookmark Website of the M</a> <a title="The CPA Journal - May 2013 page 75" href="http://viewer.zmags.com/publication/75821162?page=75"> In order to determine whether they have the a</a> <a title="The CPA Journal - May 2013 page 76" href="http://viewer.zmags.com/publication/75821162?page=76"> CLASSIFIEDMARKETPLACE PROFESSIONAL OPPORTUNITY l</a> <a title="The CPA Journal - May 2013 page 77" href="http://viewer.zmags.com/publication/75821162?page=77"> Peer Review If you need help, the</a> <a title="The CPA Journal - May 2013 page 78" href="http://viewer.zmags.com/publication/75821162?page=78"> Peer Review If you need help, the</a> <a title="The CPA Journal - May 2013 page 79" href="http://viewer.zmags.com/publication/75821162?page=79"> SALES TAX PROBLEMS? More than 25 years </a> <a title="The CPA Journal - May 2013 page 80" href="http://viewer.zmags.com/publication/75821162?page=80"> </a> <a title="The CPA Journal - May 2013 page 81" href="http://viewer.zmags.com/publication/75821162?page=81"> ECONOMIC & MARKET DATA monthly u</a> <a title="The CPA Journal - May 2013 page 82" href="http://viewer.zmags.com/publication/75821162?page=82"> EDITORIAL a message from the editor-in-chief </a> <a title="The CPA Journal - May 2013 page 83" href="http://viewer.zmags.com/publication/75821162?page=83"> </a> <a title="The CPA Journal - May 2013 page 84" href="http://viewer.zmags.com/publication/75821162?page=84"> </a>