We spend time in broad areas to demonstrate Our wide ranging ability to support decision makers in ways that include but are not Limited to Accounting, Taxation, Advisory, Consulting, Financial Analysis, Business Analysis, Financial Modeling, Regulatory Compliance Consulting and more. We consider the connection between Government, Industry, Business, Non Profits and Individuals with the connecting line of support to Financial Decision Makers in many varied capacities with differing needs in Financial Services and Management Information. We are a solution set for broad and focused needs.
But when we return to the core skill set it comes from a Knowledge base built on the Financial Foundation of knowledge of Accounting. Accounting is the Key Decision Making tool that supports Corporate Finance, Financial Analysis, Controls, Capital Markets and much more. While we continue to expand our skills to the path of Legal and Advanced Finance through the Analyst Training path we are always remaining in close connection to GAAP and emergent IFRS. You have seen in Our Blog here much of Our Regulatory and Governmental services knowledge but less so of Our Knowledge of US GAAP as produced at FASB. So for a moment we return your Focus to US GAAP the comprehensive standard set for US Businesses.
Where IFRS provides a more open Concept driven framework to reporting, GAAP is the Rules driven set of Accounting Principles that has already been tested and proven in relationship to tough US Regulatory Standards and the highly Litigated landscape of US Business so for the time being we will Focus on GAAP but you need to know that we are actively engaged on IFRS as well, so at a subsequent point or where you need us to we will cover IFRS too.
In it's current evolution as Accounting Standards Codifications we meet US GAAP as developed by FASB and the community of Accounting Constituents - Producers and Users of Financial Statements benefitted by the new more accesible rules presentation under FASB ASC as they continue to be updated for user friendly updates. We gain strong comfort that the Foundation of Assets = Liabilities + Owners (or Shareholders) Equity (A=L+OE) remain constant and the comfort that the controls, the reconcilitations, the analyses and the core Financial Statements remain relatively constant as consistency has been a key part of the conceptual framework of US GAAP.
FASB US GAAP Accounting Standards Codifications have for several years now been off the old plan of Standards by Number and now reflect the more intuitive approach of breakdown into :
General Principles
Presentation Standards
Assets
Liabilities
Equity
Revenues
Expenses
Broad Topics
Industry Standards
They present a more useable format now that is easier to connect with relevant data on an intuitive level, but don't let the ease of presentation mislead you there is still an ART to Accounting a key knowledge and ability is required to connect substantive transactions to Accounting Treatments in Financials. To foresee the many points in Accounting Data and Reporting Chains that can influence your ability to optimize and utilize Accounting as the tool it is for Management and Investment Decision Making support. We use our years of hands on ownership of Financials, Operations and elements of Financials and Operations in Entities ranging from Fortune 500 to Small and Medium in size, the applied knowledge of Accounting, Accounting Systems, Operations and Analysis tools and support of the various classed of Users of Accounting Information to better support your Business, Non Profit, Governmental and Individual decision making on Financial Matters. We will add some transactional coverage to Our Blog the key points and we are equally interested that you understand the depth of knowledge we can bring to Our Clients on Services accross the spectrum.
Visit us at www.dcarsoncpa.com to learn more or contact us at info@dcarsoncpa.com we are here to cover your needs and the broad knowledge we carry is to add additional value on support services for your needs as a Client in Our Capacity as Trusted Advisors. We care about the Standards, Ethics, your Business, your Finances and the greater role for good that CPAs support in the National Economy in compliance with FASB, Tax and other Regulatory Standards. We work within the framework of Traditional and Strategic CPA Services to bring you knowledge that adds value for Management Decision Makers.
Showing posts with label GAAP. Show all posts
Showing posts with label GAAP. Show all posts
Tuesday, October 18, 2011
Friday, September 30, 2011
Connecting to the State Lines, NY, CT and more with time.
The Key Points (this Blog) is Our National Level blog focused on the Accounting, Tax, Regulatory and other Issues in GAAP, IFRS, OCBOA, the IRC, SEC and FINRA rules, Bank Laws, National Governance and more which pertain to Interstate and National Issues. In order that you can meet us inside the State Lines join us at the DCarsonCPA.blog (Our NY Focused Blog) and the Oak Lines (Our Connecticut Focused Blog). We will be adding more with time but these lines as extended by twitter provide helpful insight to those with related interests.
We are also following other state lines like Texas, California, and Illinois and more in similar ways and you can find this information more on the Facebook and Twitter end of the spectrum, frequently where the National and the State Lines connect.
DCarsonCPA.com we use experience, knowledge, research and alliances to support Client needs and look to support your needs on Traditional and Strategic CPA Services. In a time of increasing regulation, when we rely more on technology and where efficiency with depth becomes more and more important we are here to assist Business, Non Profit and Individual needs with the key Values of Clients Services, Experience, Continual Improvement, and Knowledge. For more information connect with us at info@dcarsoncpa.com
We are also following other state lines like Texas, California, and Illinois and more in similar ways and you can find this information more on the Facebook and Twitter end of the spectrum, frequently where the National and the State Lines connect.
DCarsonCPA.com we use experience, knowledge, research and alliances to support Client needs and look to support your needs on Traditional and Strategic CPA Services. In a time of increasing regulation, when we rely more on technology and where efficiency with depth becomes more and more important we are here to assist Business, Non Profit and Individual needs with the key Values of Clients Services, Experience, Continual Improvement, and Knowledge. For more information connect with us at info@dcarsoncpa.com
Tuesday, September 27, 2011
Following evolutions in Rules as the SEC adopts (comparatively new) FASB ASCs.
The way that our Laws and Rules work are not to much different then computer programming under C++, VB or other programming Languages. First we identify a property, introduce the principle to the Code and then we incorporate it by reference to Rule of Law. It's the exact same process to bring FASB ASC to SEC Rules this is fun to watch as FASB ASC was a great evolution in the ready portability of GAAP that is opening the way for innovation in other areas. In a soon to follow entry we will discuss this more. In the meantime we introduce to you recent SEC Rules adopting FASB ASC by rescinding and revising certain provisions of SEC SABs (Staff Accounting Bulletins) to more thoroughly incorporate FASB ASC. For your reviewing interest and in greater appreciation of FASB ASC as a monumental evolution in GAAP we are also providing you with a reference to the initial SEC Rule incorporating FASB ASC eff at 9-25-09 (an eon ago in this Economy, but not really all that long ago in the evolution of GAAP and SEC Rules).
Notes:
FASB ASC was the evolution of US GAAP from Standards to Codification in a more readily usable format, A favorable evolution in GAAP that cam from consideration of IFRS Convergence.
SEC SABs pertain to SEC Accounting, they are Staff Accounting Bulletins, the Accounting Guidelines for Accounting at the SEC as we understand it. Other Rules deal with the Regulated Entities, this Rule set is about actual Accounting work at the SEC.
We shared this out of appreciation for the evolutions in GAAP under FASB ASC and the interest of observing how GAAP becomes incorporated in US Regulation. We hope you enjoy following with us where GAAP meets Regulatory Accounting under SEC Rules in this case and in other areas like Tax Law, Employment Law, Pensions and more to follow.
** Remember to Refresh Page if you are seeing symbols in the Text Below for best results refresh within the screen **
Below please find:
SEC revises / rescinds elements of SABs to conform to GAAP eff 3/28/11.
SEC Revises and Rescinds Portions of SABs to Conform With GAAP via FASB ASC Eff 3-28-11
Original SEC Rule to incorporate FASB ASCs as a basis of Accounting eff 9/29/09.
Sec Accepts Fasb Asc Eff 9-25-09
Notes:
FASB ASC was the evolution of US GAAP from Standards to Codification in a more readily usable format, A favorable evolution in GAAP that cam from consideration of IFRS Convergence.
SEC SABs pertain to SEC Accounting, they are Staff Accounting Bulletins, the Accounting Guidelines for Accounting at the SEC as we understand it. Other Rules deal with the Regulated Entities, this Rule set is about actual Accounting work at the SEC.
We shared this out of appreciation for the evolutions in GAAP under FASB ASC and the interest of observing how GAAP becomes incorporated in US Regulation. We hope you enjoy following with us where GAAP meets Regulatory Accounting under SEC Rules in this case and in other areas like Tax Law, Employment Law, Pensions and more to follow.
** Remember to Refresh Page if you are seeing symbols in the Text Below for best results refresh within the screen **
Below please find:
SEC revises / rescinds elements of SABs to conform to GAAP eff 3/28/11.
SEC Revises and Rescinds Portions of SABs to Conform With GAAP via FASB ASC Eff 3-28-11
Original SEC Rule to incorporate FASB ASCs as a basis of Accounting eff 9/29/09.
Sec Accepts Fasb Asc Eff 9-25-09
Saturday, July 16, 2011
A Quick Check in - What's New.
It's hard to believe that is already July 16th, 2011 but then again with all that has been happening we wouldn't have been suprised if more time had passed. If you have been following us on twitter you know that we have been actively following the daily conversation and promoting constructive action on US Jobs, the Deficits and Debts, as all are key points that urgently require attention. We see that the downside of a twitter driven campaign is that it's on the dashboard and then it goes away, the upside is better access is to timely, relevant information for decision makers.
We have been posting periodic links and updates to Our Facebook page which is more a lasting notification point on Our Interests and recent updates that doesn't refresh from moment to moment. The missing link here is Our Blog posts as a lasting map to Our discovery process on Broad ranging Business and Individual Accounting, Tax, Regulatory and Governmental Accounting and Finance. While the process may not yet be permanently documented here - the knowledge growth is permanent and our capacity to support our Clients has only grown through Research - we connect with you on your Industry and your Business and have deep insight to the places where your Industry and Business connect with our governments at the Federal, State and Local levels through regulation including taxation, compliance, incentives and more. This is an added advantage beyond our obvious ability to support Clients on FASB - US GAAP, IASB - IFRS, GIPS, Internal Controls, Business Analysis, Accounting Operations and Systems, Legal support and more, and adds to our profile as Strategic Business partners with Depth and Efficiency.
In the weeks ahead we will be more completely integrating Our Blog into our Informational Resource flow so stay tuned with us here as we continue to bring you more as the CPA and Business Consulting Solution that walks with you in the Economy, on Industry, on Business, at the Intersection of Regulation and Finance, considering the many ways we can help you on services where you are. We also hope to keep us all a little better connected at the points where our Government interacts with us in Finances on your Business, in Taxes and more. We encourage the involvement of our fellow Financial Professionals in the design of better dashboard metrics for Effective Financial Legislation to maximize the utility of government spending on services and impart to you that the true equation that works in Public Finance is not a "balanced budget" it is:
Government Expenditures = Tax Inflows - Interest Factor on Debt - X Factor Debt Reduction; where we work together and solve for X.
We need a Strong National Economy that is built on US Agriculture, Manufacturing and Services, we need to consider the dialogue on Energy and to maintain Our Education, Scientific and Health Professions in ways that make sense Economically.
On the Micro Economy, your Business and your Individual Finances we are here to support you on Accounting, Taxes, Advisory, Private Company Audits and Consulting. Available in many States and locations and ready to provide remote support where you need it. Check in with us when you need us for corresponding services, you can find us at http://www.dcarsoncpa.com/ .
We have been posting periodic links and updates to Our Facebook page which is more a lasting notification point on Our Interests and recent updates that doesn't refresh from moment to moment. The missing link here is Our Blog posts as a lasting map to Our discovery process on Broad ranging Business and Individual Accounting, Tax, Regulatory and Governmental Accounting and Finance. While the process may not yet be permanently documented here - the knowledge growth is permanent and our capacity to support our Clients has only grown through Research - we connect with you on your Industry and your Business and have deep insight to the places where your Industry and Business connect with our governments at the Federal, State and Local levels through regulation including taxation, compliance, incentives and more. This is an added advantage beyond our obvious ability to support Clients on FASB - US GAAP, IASB - IFRS, GIPS, Internal Controls, Business Analysis, Accounting Operations and Systems, Legal support and more, and adds to our profile as Strategic Business partners with Depth and Efficiency.
In the weeks ahead we will be more completely integrating Our Blog into our Informational Resource flow so stay tuned with us here as we continue to bring you more as the CPA and Business Consulting Solution that walks with you in the Economy, on Industry, on Business, at the Intersection of Regulation and Finance, considering the many ways we can help you on services where you are. We also hope to keep us all a little better connected at the points where our Government interacts with us in Finances on your Business, in Taxes and more. We encourage the involvement of our fellow Financial Professionals in the design of better dashboard metrics for Effective Financial Legislation to maximize the utility of government spending on services and impart to you that the true equation that works in Public Finance is not a "balanced budget" it is:
Government Expenditures = Tax Inflows - Interest Factor on Debt - X Factor Debt Reduction; where we work together and solve for X.
We need a Strong National Economy that is built on US Agriculture, Manufacturing and Services, we need to consider the dialogue on Energy and to maintain Our Education, Scientific and Health Professions in ways that make sense Economically.
On the Micro Economy, your Business and your Individual Finances we are here to support you on Accounting, Taxes, Advisory, Private Company Audits and Consulting. Available in many States and locations and ready to provide remote support where you need it. Check in with us when you need us for corresponding services, you can find us at http://www.dcarsoncpa.com/ .
Monday, May 16, 2011
Securities and Exchange Commission Acts 1933, 1934 + 1940s Investment Acts - We are here to Assist on related Accounting, Compliance and Reporting needs.
US CFR (Executive Branch Rules) Title 17 Commodity and Securities Exchange Ch. II Part 210 - Form and Content of and Requirements for FINANCIAL STATEMENTS, SECURITIES ACT OF 1933, SECURITIES EXCHANGE ACT OF 1934, PUBLIC UTILITY HOLDING COMPANY ACT OF 1935, INVESTMENT COMPANY ACT OF 1940, INVESTMENT ADVISERS ACT OF 1940, and ENERGY POLICY AND CONSERVATION ACT OF 1975. Is a key source for SEC Regulatory Reporting Accounting Rules dealing with Qualifications of Accountants, Audits, Financial Statements and Elements thereof. We are most interested at this point in Elements of this section of Executive Branch Rules for their specific application to Accountants and to the Financial Services Industry. We are for the time present focused on SEC Acts 1933, 1934 and the Investment Acts 1940 for their relevancy to our experience in Financial Services work and areas of forward interest.
The SEC Acts of 1933 + 1934 deal with initial issuance and subsequent sales of Securities in Financial Markets and Related Requirements - a substantial core of Market Related Accounting, Reporting and other related requirements for Financial Services Accountants covering IPOs, Capital Makets in Equity and Debt Securities, Broker-Dealers and more. We will go in depth with all we see in so far as it pertains to CPAs or Related Services. With prior Hands on Experience in the role providing FINOP / Net Capital Rule Focus Reporting under 15c3-1 and a ready status to include 15c3-3.
The SEC Acts of 1940 pertaining to Investment Companies and Investment Advisers are key considerations for Asset Management Firms and Research / Advisory Firms. As a CPA Practise with a close connection to the Asset Management Industry through experience and expertise, it makes sense to spend some time in this specific area.
We connect with core Accounting Rules under FASB US GAAP Accounting Standards Codifications in this case focusing on Industry Topic 940 - Financial Services - Broker-Dealers and Industry Standards Topic 946 - Financial Services Investment Companies. In the Case of Broker-Dealers we must consider GAAP, the SEC Laws and FINRA Rules to be comprehensive. For Investment Management Firms the Same in GAAP, SEC Laws and FINRA rules. Registration requirements for Investment Advisors (while currently under review at Law) being covered at the Federal or State Level depending on Assets and introducing the next level of regulation required to be observed at the State Level.
Why not limit the consideration of this at the Doors of US GAAP?, it is not possible to limit this analysis at the Doors of US GAAP because Laws and Rules play a large part in Financial Services Businesses and to truly be effective means to understand this and be aware of this. Yes we are limited to the role of Public Accounting or Consulting that is driven by Accounting and Reporting - but the objective is to be comprehensively tuned in to the many Laws and Rules that pertain to Financial Services and other Businesses to best support them, in Accounting, In Tax, In Regulation and Operations and in so doing we reach our greatest value added capacity when you combine this awareness with Accounting Skills, Research Expertise and in our specific pathway for relative continuing education on one of the key Industries we support the Asset Management Industry.
We are a CPA Service and Business Consulting Solution with specific area expertise with Broker-Dealers and Asset Management Firms and experience that includes prior work from the Controllers End interfacing with NYSE Coordination, FINRA and the SEC - work specifically focused on Regulatory Reporting, Accounting and Financials. For this very reason we can be a strong selection for Businesses with related needs. Stay tuned with us here in our blog and we will continue to expand on the related theme, but at this point you are sufficiently aware that we are here for you on related service needs.
The SEC Acts of 1933 + 1934 deal with initial issuance and subsequent sales of Securities in Financial Markets and Related Requirements - a substantial core of Market Related Accounting, Reporting and other related requirements for Financial Services Accountants covering IPOs, Capital Makets in Equity and Debt Securities, Broker-Dealers and more. We will go in depth with all we see in so far as it pertains to CPAs or Related Services. With prior Hands on Experience in the role providing FINOP / Net Capital Rule Focus Reporting under 15c3-1 and a ready status to include 15c3-3.
The SEC Acts of 1940 pertaining to Investment Companies and Investment Advisers are key considerations for Asset Management Firms and Research / Advisory Firms. As a CPA Practise with a close connection to the Asset Management Industry through experience and expertise, it makes sense to spend some time in this specific area.
We connect with core Accounting Rules under FASB US GAAP Accounting Standards Codifications in this case focusing on Industry Topic 940 - Financial Services - Broker-Dealers and Industry Standards Topic 946 - Financial Services Investment Companies. In the Case of Broker-Dealers we must consider GAAP, the SEC Laws and FINRA Rules to be comprehensive. For Investment Management Firms the Same in GAAP, SEC Laws and FINRA rules. Registration requirements for Investment Advisors (while currently under review at Law) being covered at the Federal or State Level depending on Assets and introducing the next level of regulation required to be observed at the State Level.
Why not limit the consideration of this at the Doors of US GAAP?, it is not possible to limit this analysis at the Doors of US GAAP because Laws and Rules play a large part in Financial Services Businesses and to truly be effective means to understand this and be aware of this. Yes we are limited to the role of Public Accounting or Consulting that is driven by Accounting and Reporting - but the objective is to be comprehensively tuned in to the many Laws and Rules that pertain to Financial Services and other Businesses to best support them, in Accounting, In Tax, In Regulation and Operations and in so doing we reach our greatest value added capacity when you combine this awareness with Accounting Skills, Research Expertise and in our specific pathway for relative continuing education on one of the key Industries we support the Asset Management Industry.
We are a CPA Service and Business Consulting Solution with specific area expertise with Broker-Dealers and Asset Management Firms and experience that includes prior work from the Controllers End interfacing with NYSE Coordination, FINRA and the SEC - work specifically focused on Regulatory Reporting, Accounting and Financials. For this very reason we can be a strong selection for Businesses with related needs. Stay tuned with us here in our blog and we will continue to expand on the related theme, but at this point you are sufficiently aware that we are here for you on related service needs.
Saturday, April 30, 2011
Tunning in with Twitter, Communications Lines, and Services
In our Business like your Business being concise counts, so we use the challenge of 140 Characters to communicate Business Information in Brevity. Along the lines of our Twitter streams we have shared a wide range of Business Insight on GAAP, IFRS, Accounting, Controls, the Economy, Taxes, Audits, Regulation and much more. We use DCarsonCPA the main tweet line for the Corporate overview and our State Lines NYCTAXCPA4u and CT_TAXCPA4u for our regional concerns. Our FB Page is a meeting place where we share useful resources like Investor Protection Awareness and other links on the research we are currently into. We hope that you find the work as interesting as we do, we enjoy reaching into issues that matter to you and have the same skills focused on the Business Matters of our Clients. We work with GAAP, IFRS, SEC Regulations, FINRA Rules, IRS Code, State and Local Tax Codes and other areas to best support your Business as needed. We can help you consider where to go on Finances, to strategize your Capital Preservation within the Laws and thoroughly analyze Company Financials and support Financial modeling.
We are here for the range of Issues from Operations through Financial Reporting and Audits and we are working all the time on new skills that will add value for your Business. We Value the opportunity to support your Business and Individual needs for CPA Services and Business Consulting and will do so with the greatest standards of Professional Care and Business Ethics. We are proud to be bound to a complimentary set of Professional Standards from the CPA Profession and work on the path of pursuing the CFA Designation. You can reach us at http://www.dcarsoncpa.com/ your link to CPA Services and Business Consulting focused on your Business and Individual needs.
We are here for the range of Issues from Operations through Financial Reporting and Audits and we are working all the time on new skills that will add value for your Business. We Value the opportunity to support your Business and Individual needs for CPA Services and Business Consulting and will do so with the greatest standards of Professional Care and Business Ethics. We are proud to be bound to a complimentary set of Professional Standards from the CPA Profession and work on the path of pursuing the CFA Designation. You can reach us at http://www.dcarsoncpa.com/ your link to CPA Services and Business Consulting focused on your Business and Individual needs.
Friday, April 29, 2011
It's all in the Efforts
We spent some time to post some links on a range of subjects for your awareness on twitter today - including links to the $1.645 Trillion Current Deficit, Some Consideration of the properties of an Audit Report, the US GAAP concept of Unearned Revenue via consideration of FASB ASC Industry Standards - Topic 926- Entertainment Film - Topic 430 Unearned Revenue as a start point in celebration of the Tribeca Film Festival here in NYC (we like Films and Entertainment so call us if you are interested in CPA Services) . We made it out to the NY Auto Show and saw some great cars there. We also provided links to IRS Travel and Entertainment Expense Standards on the companion Tax tweet lines. We have accomplished a great amount of research behind the scenes that flows with time into our media to connect on services and we are here for you on CPA Services.
We have worked previously to post links on Investor Protection Awareness and Research Related to the Deficits and the Debt and Governmental Accounting at the Local, State and Federal Levels on our FB Page. With time this grows out to be a more and more comprehensive drive to connect and share knowledge and we look forward to speaking with you about your Interests and needs.
We are going to head in to the realm of more Industry driven work in the weeks ahead for you and us. We send you our Best Regards and hope you are headed into a Great Weekend!.
Dean
We have worked previously to post links on Investor Protection Awareness and Research Related to the Deficits and the Debt and Governmental Accounting at the Local, State and Federal Levels on our FB Page. With time this grows out to be a more and more comprehensive drive to connect and share knowledge and we look forward to speaking with you about your Interests and needs.
We are going to head in to the realm of more Industry driven work in the weeks ahead for you and us. We send you our Best Regards and hope you are headed into a Great Weekend!.
Dean
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