does the financial accounting standards board issues income tax rules?
594475
Do not confuse Income tax with Accounting. The Financial accounting standards board only set the norms and benchmarks for accounting treatment, so that financial statements accross entities are comparable.
849494
Only good income tax practetioners can answer your question correctly. No income tax practerioner will answer your question because it involves lot of time to calculate and answer. That too you are asking it for the F.Y 2004-05. Again your financial year end is 30th June.\n\nBest of luck
260560
check the latest rule at www.irs.gov
541886
Generally Accepted Accounting Principles are standards of financial reporting established by local organizations or professional associations. They are mandatory in the corresponding country.\n\nHowever, there is a recent tendency of local accounting principles of complying with International Accounting Standards (IAS). So, I wouldn't worry so much about differences in accounting standards as I would about differences in tax legislation.
1043235
Not exactly, and not precisely.  \n\n"Earnings" are a function of the accounting system used to calculate them.  The U.S. and Japan use different accounting standards.  \n\nIn fact, there are no universal international accounting standards and derivative measures, such as P/E ratio, can vary significantly.
149764
My understanding is yes.\n\nHowever, you can count a percentage of the floor area or number of rooms that are EXCLUSIVELY used for your business. No exclusive, no deduction.\n\nCheck out with a tax accountant to be entirely sure, but I believe that is the rule.
616428
If you are in any doubt re a financial company's standing or details you can check with the Ombudsman at the web site below.\n\nHope this helps
238789
Look in the CA business and professions code.
546794
I'm sure they do not because "non-profit" is, at its root, simply a federal tax status which would have no relation to Singapore's tax code.  All other laws and regulations related to organizations that have this tax status are state and local. (They vary greatly and deal with things such as state and local tax exemptions, audit requirements, donor solicitation rules, etc. which would also have little relation to Singapore).  As for what Singapore's laws and regulations are, I'm sorry I can't help you there.
1170296
You can check out the FASB web site, linked below.
458472
You can search for International Standards for Auditing.\nSome sites for your ready reference.\n\nhttp://www.ifac.org/Guidance\nhttp://www.theiia.org/index.cfm?doc_id=124&bhcp=1\nhttp://www.iasplus.com/ifac/iaasb.htm
1055701
In India, it is for the income-tax purpose, and Central and state governments accounting matching with each other; that the financial year begins on 1st April every year.\n\nHowever, for all other business entities, one is free to follow any dates of 12 calender months as their financial year. However, each one has to prepare and provide tax returns on 1st April to 31st March basis.
550237
it's the general rule of Y! Answers.\nit has its restrictions, rules and regulations.
219542
No.  Number crunching is only a very small part of what an accountant does.  Accountants must know or have a general understanding of generally accepted account standards of the United States (GAAP).  Furhter, it depends on what type of accountant you are refering to.  An auditor must know the standards published by the Financial Auditing Standards Board.  If they audit governments they must know GASB's and GAGAS Standards.  If they are a tax accountant, they must be very familiar with the internal revenue code (which by the way is very long and very difficult to understand at times).  If they work in the private sector they must know GAAP and the process used within their company.  Basically accountants deal more with accounting and auditing standards than actual numbers.
200067
You should probably speak with a tax attorney or an accountant to make sure you follow federal guidelines.
1079790
There is no difference in the US in accounting methods for publicly traded companies. They must all conform to GAAP\n(Generally Accepted Accounting Principles)
260837
SECURITIES AND EXCHANGE COMMISSION \n17 CFR PARTS 228 and 229 \n\n[RELEASE NOS. 33-8177A; 34-47235A; File No. S7-40-02] \n\nRIN 3235-AI66 \n\nDISCLOSURE REQUIRED BY SECTIONS 406 AND 407 OF THE SARBANES-OXLEY ACT OF 2002; CORRECTION \n\nAGENCY: Securities and Exchange Commission. \n\nACTION: Corrections to final regulations. \n\nSUMMARY: We are making technical corrections to rules adopted in Release No. 33-8177 (January 23, 2003), which were published in the Federal Register on January 31, 2003 (68 FR 5110). The rules implement Sections 406 and 407 of the Sarbanes-Oxley Act of 2002 by requiring disclosures regarding audit committee financial experts and codes of ethics. This document amends an instruction to the rule to clarify that disclosures regarding audit committee financial experts are required only in annual reports. \n\nEFFECTIVE DATE: March 31, 2003 \n\nFOR FURTHER INFORMATION CONTACT: Ray Be, Special Counsel, Office of Rulemaking, Division of Corporation Finance, at (202) 942-2910, U.S. Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0312. \n\nSUPPLEMENTARY INFORMATION: \n\nI. Background\nOn January 23, 2003, the Commission adopted,1 among other things, amendments to Item 401 of Regulations S-K and S-B.2 These rules require disclosure of whether a company has an audit committee financial expert, as defined in the rule, serving on its audit committee. \n\nSubsequent to the adoption of the amendments, questions arose regarding whether the disclosures required by the new disclosure item must be provided in registration statements under the Securities Act of 19333 and the Securities Exchange Act of 1934.4 Although the discussion of these provisions in the adopting release makes clear that such disclosure is required only in a company's annual report, the new disclosure item did not clearly state that such disclosure is required only in annual reports. \n\nAccordingly, the amendments set forth in this document clarify that the rules require disclosure of whether a company has an audit committee financial expert serving on its audit committee only in an annual report. Although this disclosure is not required in any document other than the annual report, a company may, at its discretion, include the audit committee financial expert disclosure in its proxy or information statement and incorporate that disclosure into its annual report if it complies with applicable rules for incorporation by reference. The changes are technical corrections to clarify the rules as described in the original adopting release, and do not alter the forms in which the disclosure is required as described in the original adopting release. \n\nII. Need for Correction\nAs published, the final regulations contain errors which are in need of clarification. \n\nIII. Correction of Publication\nAccordingly, the publication on January 31, 2003 of the final rules (Release No. 33-8177) relating to the disclosure of whether a company has an audit committee financial expert serving on its audit committee and whether a company has adopted a code of ethics for its principal executive officer, principal financial officer, principal accounting officer and controller, which were the subject of FR Doc. 03-2018, is corrected as follows: \n\n§ 228.401 [Corrected] \n\nOn page 5126, in the first column, paragraph 1 to Instructions to Item 401(e) of §228.401 is corrected to read as follows: \n\n* * * * * \n\nInstructions to Item 401(e) \n\n1. The disclosure under Item 401(e) is required only in a small business issuer's annual report. The small business issuer need not provide the disclosure required by this Item 401(e) in a proxy or information statement unless that small business issuer is electing to incorporate this information by reference from the proxy or information statement into its annual report pursuant to general instruction E(3) to Form 10-KSB. \n\n* * * * * \n\n§ 229.401 [Corrected] \n\nOn page 5127, in the third co