statement of position


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See: principle
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The new rules require the employer to disclose its legal arguments in advance via a "Statement of Position," which is generally due by noon the business day before the pre-election hearing.
An important exception to this general rule is a change in the fair value of a derivative instrument used in an effective hedge, which is properly reported as a deferred outflow of resources or a deferred inflow of resources (statement of position) rather than as part of investment income of the period (statement of resource flows).
Every year members can develop and submit a statement of position winch called a Reference Report that come before the WNA membership for a vote at the Annual Meeting.
AICPA Statement of Position 04-2, Accounting for Real Estate Time-Sharing Transactions provides guidance on the accounting for those transactions.
The AICPA's Accounting Standards Executive Committee released an exposure draft of a proposed Statement of Position concerning allowance for credit losses.
The AICPA's SOP (Statement of Position) 97-2 and SOP 98-9, and SEC SAB (Staff Accounting Bulletin) 101 are the key compliance regulations for software companies.
The AICPA's effort to provide more comprehensive accounting guidelines for films resulted in Statement of Position (SOP) 00-2, Accounting by Producers or Distributors of Films.
The AICPA staff, helped by industry experts, released a set of technical questions and answers (Q&As) on financial accounting and reporting issues related to Statement of Position 05-1, Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection with Modifications or Exchanges of Insurance Contracts.
* The AICPA Accounting Standards Executive Committee (AcSEC) issued Statement of Position (SOP) 04-2, Accounting for Real Estate Time-Sharing Transactions, to address diversity in practice caused by a lack of guidance specific to real estate time-sharing transactions.
Following is a brief summary of SEC Staff Accounting Bulletin 101, Revenue Recognition in Financial Statements, and AICPA's Statement of Position 97-2, Software Revenue Recognition.
Most notably, Staff Accounting Bulletin 92, issued by the SEC in 1993, and Statement of Position 961, issued by the AICPA in October of last year, taken together bring relative clarity to the issue of what, when and how companies should make their environmental disclosures.
SOP 90-3, "Definition of the Term Substantially the Same for Holders of Debt Instruments, as Used in Certain Audit Guides and a Statement of Position." The guidance of SOP 90-3 amends the AICPA industry audit guide "Audits of Banks," the audit and accounting guide "Audit of Brokers and Dealers in Securities," and SOP 85-2, "Accounting for Dollar Repurchase--Dollar Reverse Repurchasing Agreements by Sellers-Borrowers." SOP 90-3 is applicable to transactions entered into after March 30, 1990.

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