Technical Questions and Answers

<p>Find the answers to the questions accountants, CPA, and clients are asking the AICPA in Technical Questions and Answers, a compilation of popular Q&As from the AICPA’s Technical Hotline. This resource includes non-authoritative literature on the following subjects:</p> <p> </p> <p>•            Financial Statement Presentation</p> <p>•            Assets</p> <p>•            Liabilities and Deferred Credits</p> <p>•            Capital</p> <p>•            Revenue and Expense</p> <p>•            Specialized Industry Problems</p> <p>•            Specialized Organizational Problems</p> <p>•            Audit Fieldwork</p> <p>•            Auditor’s Reports</p> <p>•            Attestation Engagements</p> <p><b> </b></p> <p>New Q&As have been added for:</p> <p>•            Revised Section 163(j) limitation and evaluation of the realizability of a Section 163(j) carryforward (sections 3300.01-.02)</p> <p>•            Accounting for costs incurred in connection with the implementation of electronic health record systems (section 6400.53)</p> <p>•            Financial presentation considerations related to transactions involving provider taxation programs and similar arrangements (section 6400.54)</p> <p>•            Auditor assessment of a special-purpose government’s only immaterial fiduciary fund (sections 6950.23-.24)</p> <p>•            Reporting guidance upon initial implementation of Statement on Auditing Standards no. 134, as amended (section 8100.04)</p> <p>•            OMB 2019 Compliance Supplement (sections 9110.24-.27)</p> <p>Q&As under the following topics have also been revised: Statement of cash flows (section 1300), Consolidated financial statements (section 1400), Notes to financial statements (section 1800), Cash (section 2110), Fixed assets (section 2210), Long-term investments (section 2220), Health care entities (section 6400), Investment companies (section 6910), Financial Statement Reporting and Disclosure — Employee Benefit Plans (section 6931), Auditing Employee Benefit Plans (section 6933), Predecessor auditors (section 8900), Special reports (section 9110), Attestation reports (section 9510), and Attest engagement: American Land Title Association best practices framework (section 9540).</p>