Accounting for Contributions and Collection Items
Glazer, Alan S., Jaenicke, Henry R., The CPA Journal
Here is an accounting matter that is treated differently by different museums and that FASB believes should be the subject of a pronouncement specifying consistency. The authors present the issues involved the arguments for and against the proposal and possible compromises and alternatives. FASB's plans call for a statement in 1992.
In March 1986, FASB added a project to its agenda to establish accounting standards for certain pervasive transactions of not-for-profit organizations. The project evolved into a consideration of three broad issues: accounting for depreciation, standards for financial statement display, and accounting for contributions and for works of art, historical …
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Publication information: Article title: Accounting for Contributions and Collection Items. Contributors: Glazer, Alan S. - Author, Jaenicke, Henry R. - Author. Magazine title: The CPA Journal. Volume: 61. Issue: 7 Publication date: July 1991. Page number: 34+. © New York State Society of Certified Public Accountants Feb 2009. Provided by ProQuest LLC. All Rights Reserved.
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