Phil Tirino, CPA : October 2016

Friday, October 21, 2016

Oct 21,2016:

Please see our article on ASC 842 Lease Accounting just published at http://www.monitordaily.com/article-posts/lessee-side-balance-sheet-reporting/.
Limited to 1,600 words we have tried to present the essence of the new pronouncement to guide management planning. Our accounting system is close to final completion and testing and addresses Lessor and Lessee side reporting optionally. Hopefully, the next 3 months will be quite enough from a tax compliance standpoint to complete the system. On it goes!

My Background

I am a practicing CPA licensed in New York and Florida and the author of the PAMS-DCF Book and Software. My career has spanned several industries including public accounting, corporate tax, and finance. I have consulted in various areas of taxation, accounting, and system design mainly in the New York tri-state area. I have been frequently published, writing articles about lease accounting and tax shelter design including AICPA Home Study Courses. By invitation only, I sat on the prestigious NYS Financial Accounting Standards Committee for two terms, and for several years, the NYS Finance and Leasing Companies Committee. I have been listed in Marquis Who's Who and Marquis Who's Who of Emerging Leaders in America. I lectured for various organizations including the NYS Society of CPAs, Foundation for Accounting Education, the World Trade Center, and the American Association of Equipment Lessors. I have authored home study courses including the Anatomy of a Tax Shelter" and "Accounting For Leases" for the FAE

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Friday, October 21, 2016