TPAs issued on accounting for loans and debt securities.A set of questions and answers related to implementation issues In the Business world, companies frequently set-up a connection between which they transfer data. When the connection is being set-up, it is referred to as implementation. When issues occur during this phase, they are known as implementation issues. regarding Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer, has been issued by AICPA AICPA See American Institute of Certified Public Accountants (AICPA). staff, That SOP was effective for loans acquired in fiscal years beginning after Dec. 15, 2004, and applies to all non-governmental entities, including not-for-profit Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. organizations that acquire loans. To view the Qs&As, visit www.aicpa.org/members/div/acctstd/general/recent_tpas.asp. |
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