CA 1981-1984 Planning Points

Article Abstract:

In the United Kingdom, disclosure is necessary if alternative methods to actual cost are used in valuing stock - the difference between replacement cost and 'cost' in terms of the balance sheet need to be noted. When assets have been revalued, historical cost must be disclosed. Depending on the format of the profit and loss statement, it may be necessary to further analyze certain items in the notes. Previous years' accounts need to be reconstructed in this year's reports. Other items are required in the director's report according to the Companies Act 1981 and Employment Act 1982.

Disclosure statements (Accounting)

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IRS guidance makes it prime time to deduct points

Article Abstract:

IRS Revised Procedure 92-12 clarifies the deductibility of home loan points for homeowners and cash-basis taxpayers. Only prepaid interest on a loan used to purchase a primary or secondary home can be deducted, and points which include loan origination and other lender fees must be subtracted. Under most conditions, cash-basis taxpayers must capitalize the prepaid interest, but 92-12 includes three exceptions, allowing all taxpayers to deduct the interest. The Procedure also provides guidance on the reporting regulations.

Analysis, Taxation, Homeowners, Mortgages, Cash basis accounting

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Methodological themes: constructing a research database of social and environmentalreporting by UK companies

Article Abstract:

It is widely recognised that research into corporate social and environmentalreporting has given rise to methodological problems and difficulties in capturing and disclosinginformation. In order to address such problems, a social and environmental disclosure databaseof UK companies was developed. The motivation behind the development of the database isexplained and the difficulties associated with establishing its structure are discussed.

Usage, Accounting and auditing, Databases, Corporations, British

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