Changes to GAAP for private companies?The AICPA's Private Company Financial Reporting Task Force has recommended establishing a process to evaluate potential changes to GAAP to improve the usefulness of private company reporting. The AICPA Board of Directors, the Financial Accounting Foundation and FASB will work together on this project. To view the task force report, visit www.aicpa.org/members/div/acctstd/pvtco_fincl_reprt/index.htm. RELATED ARTICLE: Worth a Look: CALIFORNIA UNCLAIMED PROPERTY The state of California is holding more than $4.1 billion in unclaimed property--and some of it may belong to you or your client. To find these unclaimed treasures, the state provides a free, online database that can be searched by individual or business name, or property ID number. For more information, call (800) 992-4647 or visit http://scoweb.sco.ca.gov/UCP (Universal Communication Platform AG, Lugano, Switzerland) A software company that specialized in mobile phone services, founded in 1999 by Christian Lutz and Marwan Saba. Its offerings included SMS voting and mobile marketing tools, photo messaging platforms and custom applications for SMS, MMS, Java and GPRS. It ended up disbanding and its business assets reverted to the three daughter companies that originally spawned it.. |
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