Exposure Drafts, Comment Letters, and Statements of Position
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Description
This guide does the following: (1) Identifies certain requirements set forth in pronouncements in levels a, b, and c of the hierarchy of sources of GAAP. In these instances, entities are required to apply those requirements based on their standing in levels a, b, or c of the hierarchy rather than because of their inclusion in this guide. (2) Describes AcSEC’s understanding of prevalent or sole industry practice concerning certain issues. In addition, this guide may indicate that AcSEC expresses a preference for the prevalent or sole industry practice, or it may indicate that AcSEC expresses a preference for another practice that is not the prevalent or sole industry practice; alternatively, AcSEC may express no view on the matter. (3) Identifies certain other, but not necessarily all, industry practices concerning certain accounting issues without expressing AcSEC’s views on them Provides guidance that has been supported by AcSEC on the accounting, reporting, or disclosure treatment of transactions or events that is not set forth in pronouncements in levels a, b, and c of the hierarchy of sources of GAAP.
Publication Date
2007
Relational Format
Book
Keywords
Airlines -- Accounting
Disciplines
Accounting | Taxation
Recommended Citation
American Institute of Certified Public Accountants. Accounting Standards Executive Committee and American Institute of Certified Public Accountants. Airline Guide Task Force, "Proposed AICPA Audit and Accounting Guide : Airlines;Airlines; Exposure draft (American Institute of Certified Public Accountants), 2007, Sept. 12" (2007). Exposure Drafts, Comment Letters, and Statements of Position. 336.
https://egrove.olemiss.edu/aicpa_sop/336
Comments
Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.