Copy and Paste from iPad Kindle App

While there is no direct way to copy and paste from the Kindle app, you can use this work-around.

Highlight the information in the Kindle book (by pressing down and dragging on any word(s) in the Kindle book), then go to: (you will need to enter your user name and password).

Now you will see your highlighted information; select the portion you desire to copy by pressing down on the words until you see the word “copy,” click “copy,” go to destination (e.g., Word) and paste.

Revenue Recognition Standard Issued by FASB and IASB

The following are excerpts from FASB’s website:

Norwalk, CT, May 28, 2014—The International Accounting Standards Board (IASB), responsible for International Financial Reporting Standards (IFRS), and the Financial Accounting Standards Board (FASB), responsible for U.S. Generally Accepted Accounting Principles (U.S. GAAP), today issued jointly a converged standard on the recognition of revenue from contracts with customers. 

The core principle of the new standard is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration (that is, payment) to which the company expects to be entitled in exchange for those goods or services.

To watch a short FASB video about the new revenue recognition standard, click here.

New AICPA Code of Professional Conduct Now Available Online

The AICPA Professional Ethics Executive Committee adopted a revised Code of Professional Conduct that is effective December 15, 2014. The Conceptual Framework for Members in Business and the Conceptual Framework for Members in Public Practice are effective December 15, 2015. The revised Code and conceptual frameworks may be implemented early.

The online version of the new Code is available by clicking here. The online version is searchable and free.

You can also download the new Code in a PDF format; after you click my download link, see PDF option (a screenshot example follows).

download to PDF

The Code is organized in the following manner:

  1. Members in Public Practice
  2. Members in Business
  3. Other Members


Effective Dates of Uniform Guidance 2 CFR 200

Are you looking for the Uniform Guidance effective dates? Here they are.

A-133 audit guidance is superseded for December 31, 2015 year-ends. Subpart F, Audit requirements (in the new Uniform Guidance), will apply to audits of non-Federal entity fiscal years beginning on or after December 26, 2014. The revised audit requirements are not applicable to fiscal years beginning prior to that date.

This new guidance supersedes and streamlines requirements from OMB Circulars A-21, A-87, A-110, and A-122 (which have been placed in OMB guidances); Circulars A-89, A-102, and A-133.

Effective Dates

What?SourceEffective Date
The Uniform GuidanceFederal Register: Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal AwardsDecember 26, 2013
Applicability to Federal AgenciesFederal Register: Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal AwardsDecember 26, 2013
Federal Agencies must implement the requirements to be effective by this Frequently Asked Questions for New Uniform Guidance at 2 CFR 200December 26, 2014
Administrative requirements and cost Frequently Asked Questions for New Uniform Guidance at 2 CFR 200Will apply to new awards and to additional funding (funding increments) to existing awards made after Dec 26, 2014
Subpart F, Audit requirements applies to audits of non-Federal Frequently Asked Questions for New Uniform Guidance at 2 CFR 200Fiscal years beginning on or after December 26, 2014

Evernote – A Killer App for CPAs

If you’ve followed by blog for any amount of time, you already know that I am an Evernote fan. While I don’t store sensitive information in Evernote, I do place most everything else here.

My Evernote account has:

  • Accounting and auditing research
  • Sample opinions
  • Sample compilation and review reports
  • Audit quality center emails
  • AICPA peer review information
  • Livescribe notes (with audio)
  • Presentation slide decks
  • Emails
  • Articles from magazines (e.g., Journal of Accountancy)
  • Screenshots of accounting or fraud websites
  • And more

By having all this information in one place, I can perform searches of everything at the same time. And Evernote search functions are strong–even allowing me to electronically search handwritten notes.

Evernote is free unless you opt to use the premium service (as I have); the premium service is $45 per year (a steal).

If you’d like to learn more, check out these prior posts:

Evernote for CPAs

Seven Ways to Feed Evernote

Tips on Searching Your Evernote Account

By the way, I receive no compensation for my Evernote recommendations; it’s just a great product.

Could it be that accountants, especially those in leadership, are more productive when they are given greater autonomy? Could it be that the lure of more money is not the answer to greater productivity?

Dan Pink makes the case for intrinsic motivation (an emphasis on mission and values) versus extrinsic motivation (more pay).

While CPAs and accountants should be appropriately compensated, the carrot and stick approach does not work in a world where work decisions are not well defined (such as solving leadership issues or designing accounting systems).

I recently had the joy of a few days off with my family and our one-eyed beagle.

We have visited the Smoky Mountains for over twenty years and still enjoy the beauty of this place.


Cades Cove with our family dog

Double Entry (Norton, 2011)

If you are an accountant that loves history (like me), get this book (click the link above). You will enjoy the ride.

I have always been told that double entry accounting came from Luca Pacioli when he published Particularis de computis et scripturis (Particulars of Reckoning and Writings) in 1494. Not so. While much credit should be attributed to Pacioli, he did not create double entry accounting: he captured it (after watching the practices of his fellow merchants). Double Entry reveals that double entry accounting was created through an evolution and confluence of thought from several cultures including Arab traders and Venetian merchants.

So get out your green eyeshades and enjoy.