If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
<br /> www.cpaj.com April 2013<br /> The SEC’s Conflict Minerals<br /> Rule under Dodd-Frank<br /> plus<br /> • Nontroubled Debt Restructurings<br /> • Capitalization Versus Deduction<br /> • Using Learning Curves<br /> • An Interview with<br /> ACCA Chief Executive<br /> Helen Brand<br /> <br /> FAE 2013 Conferences<br /> foundation for accounting<br /> FAE<br /> education<br /> The premier conference for forensic accountants and<br /> valuation professionals in the tri-state area<br /> MONDAY, MAY 20, 2013<br /> FAE Conference Center<br /> 3 Park Avenue, at 34th Street<br /> HIGHLIGHTS New York City<br /> Keynote Session by IRS Representatives <a title="The CPa Journal - April 2013 page 1" href="http://viewer.zmags.com/publication/78ed02a7?page=1"> www.cpaj.com April 2013 The </a> <a title="The CPa Journal - April 2013 page 2" href="http://viewer.zmags.com/publication/78ed02a7?page=2"> </a> <a title="The CPa Journal - April 2013 page 3" href="http://viewer.zmags.com/publication/78ed02a7?page=3"> FAE 2013 Conferences foundation for accountin</a> <a title="The CPa Journal - April 2013 page 4" href="http://viewer.zmags.com/publication/78ed02a7?page=4"> CONTENTS april 2013 6 PERSPECTIVE</a> <a title="The CPa Journal - April 2013 page 5" href="http://viewer.zmags.com/publication/78ed02a7?page=5"> vol. LXXXIII/no. 4 </a> <a title="The CPa Journal - April 2013 page 6" href="http://viewer.zmags.com/publication/78ed02a7?page=6"> new york state society of NYSSCPA certif</a> <a title="The CPa Journal - April 2013 page 7" href="http://viewer.zmags.com/publication/78ed02a7?page=7"> FAE 2013 CPE foundation for accounting FAE ed</a> <a title="The CPa Journal - April 2013 page 8" href="http://viewer.zmags.com/publication/78ed02a7?page=8"> PERSPECTIVES viewpoint How to Tell the `Accoun</a> <a title="The CPa Journal - April 2013 page 9" href="http://viewer.zmags.com/publication/78ed02a7?page=9"> publisher’s column The Future of Sustainabilit</a> <a title="The CPa Journal - April 2013 page 10" href="http://viewer.zmags.com/publication/78ed02a7?page=10"> (Continued from page 6) the audience. Accordingly</a> <a title="The CPa Journal - April 2013 page 11" href="http://viewer.zmags.com/publication/78ed02a7?page=11"> tences, and paragraphs that are necessary. An exc</a> <a title="The CPa Journal - April 2013 page 12" href="http://viewer.zmags.com/publication/78ed02a7?page=12"> practice management Self-Insured Health</a> <a title="The CPa Journal - April 2013 page 13" href="http://viewer.zmags.com/publication/78ed02a7?page=13"> until a claim occurs. At the end of the year, Thr</a> <a title="The CPa Journal - April 2013 page 14" href="http://viewer.zmags.com/publication/78ed02a7?page=14"> book review Double Entry: How the Merchants o</a> <a title="The CPa Journal - April 2013 page 15" href="http://viewer.zmags.com/publication/78ed02a7?page=15"> inbox: letters to the editor Independence </a> <a title="The CPa Journal - April 2013 page 16" href="http://viewer.zmags.com/publication/78ed02a7?page=16"> In Focus EARNING THE PUBLIC'S TRUST and Keep</a> <a title="The CPa Journal - April 2013 page 17" href="http://viewer.zmags.com/publication/78ed02a7?page=17"> APRIL 2013 / THE CPA JOURNAL </a> <a title="The CPa Journal - April 2013 page 18" href="http://viewer.zmags.com/publication/78ed02a7?page=18"> The ACCA's Mission and Designation The CPA Jou</a> <a title="The CPa Journal - April 2013 page 19" href="http://viewer.zmags.com/publication/78ed02a7?page=19"> years later, if you’re still a member in good sta</a> <a title="The CPa Journal - April 2013 page 20" href="http://viewer.zmags.com/publication/78ed02a7?page=20"> pipeline for student recruitment, as busi- nesses</a> <a title="The CPa Journal - April 2013 page 21" href="http://viewer.zmags.com/publication/78ed02a7?page=21"> giving them the skills that may not have been tra</a> <a title="The CPa Journal - April 2013 page 22" href="http://viewer.zmags.com/publication/78ed02a7?page=22"> ACCOUNTING & AUDITING sec pract</a> <a title="The CPa Journal - April 2013 page 23" href="http://viewer.zmags.com/publication/78ed02a7?page=23"> Final Rule 34-67716, Conflict Minerals, Aug. 22, </a> <a title="The CPa Journal - April 2013 page 24" href="http://viewer.zmags.com/publication/78ed02a7?page=24"> tries by conducting an inquiry into the country o</a> <a title="The CPa Journal - April 2013 page 25" href="http://viewer.zmags.com/publication/78ed02a7?page=25"> “DRC conflict undeterminable” if they are unable </a> <a title="The CPa Journal - April 2013 page 26" href="http://viewer.zmags.com/publication/78ed02a7?page=26"> fessionals, and consultants who are not CPAs. Exi</a> <a title="The CPa Journal - April 2013 page 27" href="http://viewer.zmags.com/publication/78ed02a7?page=27"> Implications for Public Accounting Practice Al</a> <a title="The CPa Journal - April 2013 page 28" href="http://viewer.zmags.com/publication/78ed02a7?page=28"> ACCOUNTING & AUDITING accounting </a> <a title="The CPa Journal - April 2013 page 29" href="http://viewer.zmags.com/publication/78ed02a7?page=29"> nancing activity for most corporate bor- rowers; </a> <a title="The CPa Journal - April 2013 page 30" href="http://viewer.zmags.com/publication/78ed02a7?page=30"> EXHIBIT 1 Der</a> <a title="The CPa Journal - April 2013 page 31" href="http://viewer.zmags.com/publication/78ed02a7?page=31"> Disclosure example: debt extinguish- ment. Dur</a> <a title="The CPa Journal - April 2013 page 32" href="http://viewer.zmags.com/publication/78ed02a7?page=32"> EXH</a> <a title="The CPa Journal - April 2013 page 33" href="http://viewer.zmags.com/publication/78ed02a7?page=33"> loan before maturity at a specified price. In suc</a> <a title="The CPa Journal - April 2013 page 34" href="http://viewer.zmags.com/publication/78ed02a7?page=34"> EXHIBIT </a> <a title="The CPa Journal - April 2013 page 35" href="http://viewer.zmags.com/publication/78ed02a7?page=35"> Transactions Involving a Third-Party Intermediary</a> <a title="The CPa Journal - April 2013 page 36" href="http://viewer.zmags.com/publication/78ed02a7?page=36"> n If the borrowing capacity of the new arrangemen</a> <a title="The CPa Journal - April 2013 page 37" href="http://viewer.zmags.com/publication/78ed02a7?page=37"> substance defeasance transactions were deemed to </a> <a title="The CPa Journal - April 2013 page 38" href="http://viewer.zmags.com/publication/78ed02a7?page=38"> ACCOUNTING & AUDITING auditing Effective </a> <a title="The CPa Journal - April 2013 page 39" href="http://viewer.zmags.com/publication/78ed02a7?page=39"> questions about the report and its audience, show</a> <a title="The CPa Journal - April 2013 page 40" href="http://viewer.zmags.com/publication/78ed02a7?page=40"> audit report. In the example of Company A, the in</a> <a title="The CPa Journal - April 2013 page 41" href="http://viewer.zmags.com/publication/78ed02a7?page=41"> n Use percentages to express change, and make sur</a> <a title="The CPa Journal - April 2013 page 42" href="http://viewer.zmags.com/publication/78ed02a7?page=42"> TAXATION federal taxation </a> <a title="The CPa Journal - April 2013 page 43" href="http://viewer.zmags.com/publication/78ed02a7?page=43"> The temporary regulations “clarify and expand </a> <a title="The CPa Journal - April 2013 page 44" href="http://viewer.zmags.com/publication/78ed02a7?page=44"> acquires one of the properties, the appraisal a</a> <a title="The CPa Journal - April 2013 page 45" href="http://viewer.zmags.com/publication/78ed02a7?page=45"> n A property identified in published guid- ance i</a> <a title="The CPa Journal - April 2013 page 46" href="http://viewer.zmags.com/publication/78ed02a7?page=46"> Examples 2, 3, and 4 in Temporary Regulations sec</a> <a title="The CPa Journal - April 2013 page 47" href="http://viewer.zmags.com/publication/78ed02a7?page=47"> supplies; however, the office chairs, brief- case</a> <a title="The CPa Journal - April 2013 page 48" href="http://viewer.zmags.com/publication/78ed02a7?page=48"> EXHIBIT 5 Step 2 of the </a> <a title="The CPa Journal - April 2013 page 49" href="http://viewer.zmags.com/publication/78ed02a7?page=49"> a taxpayer to capitalize the aggregate of relat- </a> <a title="The CPa Journal - April 2013 page 50" href="http://viewer.zmags.com/publication/78ed02a7?page=50"> tiles that were removed or damaged dur- ing the f</a> <a title="The CPa Journal - April 2013 page 51" href="http://viewer.zmags.com/publication/78ed02a7?page=51"> In the first two examples, the remain- der of </a> <a title="The CPa Journal - April 2013 page 52" href="http://viewer.zmags.com/publication/78ed02a7?page=52"> n When a unit of property is rebuilt to like-new </a> <a title="The CPa Journal - April 2013 page 53" href="http://viewer.zmags.com/publication/78ed02a7?page=53"> erty that is in a state of disrepair to its ordi-</a> <a title="The CPa Journal - April 2013 page 54" href="http://viewer.zmags.com/publication/78ed02a7?page=54"> TAXATION state & local taxation Complying w</a> <a title="The CPa Journal - April 2013 page 55" href="http://viewer.zmags.com/publication/78ed02a7?page=55"> For example, California applies the 80/20 rule,</a> <a title="The CPa Journal - April 2013 page 56" href="http://viewer.zmags.com/publication/78ed02a7?page=56"> FINANCE employee benefit plans The Benefits </a> <a title="The CPa Journal - April 2013 page 57" href="http://viewer.zmags.com/publication/78ed02a7?page=57"> shares for a variety of purposes. ESOPs are almos</a> <a title="The CPa Journal - April 2013 page 58" href="http://viewer.zmags.com/publication/78ed02a7?page=58"> proceeds of the loan (i.e., a “securities acqui- </a> <a title="The CPa Journal - April 2013 page 59" href="http://viewer.zmags.com/publication/78ed02a7?page=59"> employment and an additional 20% per year for the</a> <a title="The CPa Journal - April 2013 page 60" href="http://viewer.zmags.com/publication/78ed02a7?page=60"> FINANCE employee benefit plans Protecting 40</a> <a title="The CPa Journal - April 2013 page 61" href="http://viewer.zmags.com/publication/78ed02a7?page=61"> Informational advantage. As experts in retirem</a> <a title="The CPa Journal - April 2013 page 62" href="http://viewer.zmags.com/publication/78ed02a7?page=62"> MANAGEMENT management accounting </a> <a title="The CPa Journal - April 2013 page 63" href="http://viewer.zmags.com/publication/78ed02a7?page=63"> The new standard will require accoun- tants to</a> <a title="The CPa Journal - April 2013 page 64" href="http://viewer.zmags.com/publication/78ed02a7?page=64"> product. At the first cumulative doubling of outp</a> <a title="The CPa Journal - April 2013 page 65" href="http://viewer.zmags.com/publication/78ed02a7?page=65"> uation where the first 100 units produced took 1,</a> <a title="The CPa Journal - April 2013 page 66" href="http://viewer.zmags.com/publication/78ed02a7?page=66"> percentage-of-completion method via either the co</a> <a title="The CPa Journal - April 2013 page 67" href="http://viewer.zmags.com/publication/78ed02a7?page=67"> MANAGEMENT financial reporting The Effect of </a> <a title="The CPa Journal - April 2013 page 68" href="http://viewer.zmags.com/publication/78ed02a7?page=68"> sales of about $43,723,000 ($44,564,000 × [52 ÷ 5</a> <a title="The CPa Journal - April 2013 page 69" href="http://viewer.zmags.com/publication/78ed02a7?page=69"> ment (understatement) increases with the size of </a> <a title="The CPa Journal - April 2013 page 70" href="http://viewer.zmags.com/publication/78ed02a7?page=70"> RESPONSIBILITIES & LEADERSHIP f</a> <a title="The CPa Journal - April 2013 page 71" href="http://viewer.zmags.com/publication/78ed02a7?page=71"> find benchmark data for social media usage by col</a> <a title="The CPa Journal - April 2013 page 72" href="http://viewer.zmags.com/publication/78ed02a7?page=72"> EXHIBIT Social Media Use among Survey Respondents</a> <a title="The CPa Journal - April 2013 page 73" href="http://viewer.zmags.com/publication/78ed02a7?page=73"> During informal follow-up conversations with</a> <a title="The CPa Journal - April 2013 page 74" href="http://viewer.zmags.com/publication/78ed02a7?page=74"> TECHNOLOGY what to bookmark Website of the </a> <a title="The CPa Journal - April 2013 page 75" href="http://viewer.zmags.com/publication/78ed02a7?page=75"> The Tax Center also features a com- parison of</a> <a title="The CPa Journal - April 2013 page 76" href="http://viewer.zmags.com/publication/78ed02a7?page=76"> CLASSIFIEDMARKETPLACE PROFESSIONAL OPPORTUNITY l</a> <a title="The CPa Journal - April 2013 page 77" href="http://viewer.zmags.com/publication/78ed02a7?page=77"> Peer Review If you need help, the</a> <a title="The CPa Journal - April 2013 page 78" href="http://viewer.zmags.com/publication/78ed02a7?page=78"> EMPLOYEE BENEFIT PLAN AUDITS Do you need as</a> <a title="The CPa Journal - April 2013 page 79" href="http://viewer.zmags.com/publication/78ed02a7?page=79"> PROFESSIONAL CONDUCT EXPERT PROFESSIONAL CONDUCT</a> <a title="The CPa Journal - April 2013 page 80" href="http://viewer.zmags.com/publication/78ed02a7?page=80"> </a> <a title="The CPa Journal - April 2013 page 81" href="http://viewer.zmags.com/publication/78ed02a7?page=81"> ECONOMIC & MARKET DATA monthly u</a> <a title="The CPa Journal - April 2013 page 82" href="http://viewer.zmags.com/publication/78ed02a7?page=82"> EDITORIAL a message from the editor-in-chief </a> <a title="The CPa Journal - April 2013 page 83" href="http://viewer.zmags.com/publication/78ed02a7?page=83"> </a> <a title="The CPa Journal - April 2013 page 84" href="http://viewer.zmags.com/publication/78ed02a7?page=84"> </a>