Printer Friendly

AICPA issues ED on advertising costs.

The American Institute of CPAs issued an exposure draft of a Statement of Position, Reporting on Advertising Costs.

Under the ED's provisions, businesses and not-for-profit organizations would have to expense the cost of all advertising as incurred, except for certain direct response advertising that would be capitalized and amortized over its expected life. In issuing the ED, Norman N. Strauss, chairman of the AICPA accounting standards executive committee, said, "Currently, no uniform guidance exists for reporting advertising costs. As a result, capitalization and expense policies vary among companies, making it difficult to compare the results of operations."

Comments are due by September 21, 1992. To obtain copies of the ED (product no. 800032), write the AICPA order department, CL 692, P.O. Box 1003, New York, New York 10108-1003. The fax number is (800) 362-5066. The first five copies are free; additional copies cost $2.50 each.
COPYRIGHT 1992 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:exposure draft
Publication:Journal of Accountancy
Article Type:Brief Article
Date:Sep 1, 1992
Previous Article:FASB 32, made obsolete by SAS 69, may be rescinded.
Next Article:500th anniversary of double-entry bookkeeping to be celebrated.

Related Articles
ED issued on SOP for the results of operations of foreclosed assets held for sale.
IASC issues standard and ED.
Stock compensation: AICPA opposes standard-setting legislation.
FASB issues ED on segment reporting.
Measurement: the big picture.
New ED on benefit plan investment disclosures.
A new approach to compilations.
FASAB amends standards for federal loans and loan guarantees.
Ask FERF (financial executives research foundation) about ... recent regulatory highlights.
Revisions to Government Auditing Standards proposed by GAO.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters