Technical Practice Aids issued on accounting topics.
The AICPA AICPA
See American Institute of Certified Public Accountants (AICPA). staff issued accounting Technical Practice Aid Questions
and Answers in response to frequently asked questions on the following
topics:
* Income Tax Accounting for Contributions to Certain Nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive.
Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. Scholarship Funding Organizations
* Accounting for Certain Liquidated Damages Monetary compensation for a loss, detriment, or injury to a person or a person's rights or property, awarded by a court judgment or by a contract stipulation regarding breach of contract.
To obtain the TPAs, visit:
[email] www.aicpa.org/Professional+Resources/Accounting+and+Auditing/ Accounting+Standards/recent_tpas.htm
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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