I don’t want to climb the corporate ladder

I have had several jobs in my career and the ones I disliked the most were supervisor positions. I do not like being responsible for others work, making sure it is correct or making sure they do the work or even show up for work. I do not want to cover for somebody else.
I like [...]

FAS 159: The Fair Value Option for Financial Assets and Liabilities, including an amendment of FASB Statement No. 115

FAS 159 permits entities to choose to measure, at fair value and on an instrument-by-instrument basis, financial instruments that are not currently reported at fair value.  This Statement was effective for fiscal years beginning after November 15, 2007 and is to be applied prospectively.  Early adoption was allowed if FAS 157: Fair Value Measurements was [...]

FSP SOP 90-7-1 An Amendment of AICPA Statement of Position 90-7
 
The FASB approved this FSP on April 24, 2008 and it is effective immediately.
 
This FSP resolves the conflict between early adoption of new standards for fresh-start reporting and other standards that prohibit early adoption.
 
SOP 90-7 is amended by reversing the guidance in paragraph .38 and [...]

FSP FAS 142-3 Determination of the Useful Life of Intangible Assets

The FASB issued this FSP on April 25, 2008 with the intent to improve the consistency between the useful life of a recognized intangible asset under Statement 142 and the period of expected cash flows used to measure the fair value of the asset under Statement 141R. It is effective for fiscal years beginning after [...]

commission fees on margin accounts

I will be the first to ask a question.  When you have commission fees through your margin accounts, do you record the fees in a separate expense account or do you roll it into the gain or loss?
I can’t seem to find any guidance on this.
 

Welcome to the website to help you do your job.

I am a research accountant at a public company and I get very frustrated when I am searching the web and can’t find any information on how to account for something.  I can find high level information but nothing nuts and bolts.  This blog is to help people who need a little information on how [...]