SECURITIES AND EXCHANGE COMMISSION17 CFR Part 211[Release No. SAB 99]Staff Accounting Bulletin No. 99AGENCY: Securities and Exchange CommissionACTION: Publication of Staff Accounting BulletinSUMMARY: This staff accounting bulletin expresses the views of the staff that exclusive reliance on certain quantitative benchmarks to assess materiality in preparing financial statements and performing audits of those financial statements is inappropriate; misstatements are not immaterial simply because they fall beneath a numerical threshold.DATE: August 12, 1999FOR FURTHER INFORMATION CONTACT: W. Scott Bayless, Associate Chief Accountant, or Robert E. Burns, Chief Counsel, Office of the Chief Accountant (202-942-4400), or David R. Fredrickson, Office of General Counsel (202-942-0900), Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549-1103; electronic addresses: BaylessWS@sec.gov; BurnsR@sec.gov; FredricksonD@sec.gov.SUPPLEMENTARY INFORMATION: The statements in the staff accounting bulletins are not rules or interpretations of the Commission, nor are they published as bearing the Commission's official approval. They represent interpretations and practices followed by the Division of Corporation Finance and the Office of the Chief Accountant in administering the disclosure requirements of the Federal securities laws.Jonathan G. Katz
There is no universal rule for classifying certain costs as either direct or indirect (F&A) under every accounting system. A cost may be direct with respect to some specific service or function, but indirect with respect to the Federal award or other final cost objective. Therefore, it is essential that each item of cost incurred for the same purpose be treated consistently in like circumstances either as a direct or an indirect (F&A) cost in order to avoid possible double-charging of Federal awards. Guidelines for determining direct and indirect (F&A) costs charged to Federal awards are provided in this subpart.
Costs incurred or paid by a state or local government on behalf of its IHEs for fringe benefit programs, such as pension costs and FICA and any other costs specifically incurred on behalf of, and in direct benefit to, the IHEs, are allowable costs of such IHEs whether or not these costs are recorded in the accounting records of the institutions, subject to the following:
Proposal costs are the costs of preparing bids, proposals, or applications on potential Federal and non-Federal awards or projects, including the development of data necessary to support the non-Federal entity's bids or proposals. Proposal costs of the current accounting period of both successful and unsuccessful bids and proposals normally should be treated as indirect (F&A) costs and allocated currently to all activities of the non-Federal entity. No proposal costs of past accounting periods will be allocable to the current period.
Probability sampling requires that each member of the survey population has a known probability of being included in the sample, but it does not require that this probability be the same for everyone. If there is information available on the frame about the size of each unit (e.g. number of employees for each business) and if those units vary in size, this information can be used in the sampling selection in order to increase the efficiency. This is known as sampling with probability proportional to size (PPS). With this method, the bigger the size of the unit, the higher the chance of being included in the sample. For this method to bring increased efficiency, the measure of size needs to be accurate. This is a more complex sampling method that will not be discussed in further detail here.
The reasons for lower survival rates in LMICs include: delay in diagnosis, an inability to obtain an accurate diagnosis, inaccessible therapy, abandonment of treatment, death from toxicity (side effects), and avoidable relapse. Improving access to childhood cancer care, including to essential medicines and technologies, is highly cost effective, feasible and can improve survival in all settings .
Licensees may report new responsible persons by filing an ATF Form 7/7CR, Part B - Responsible Person Questionnaire (RPQ) with the Chief, FFLC. The licensee must provide all of the identifying information for the new responsible person(s) as required on ATF Form 7/7CR. The form must be accompanied by a current photograph of the responsible person(s) and fingerprints submitted on an FBI Fingerprint Card (FD-258). Fingerprints must be clear in order to conduct an accurate background check. ATF recommends that the fingerprint card be processed by an individual regularly accustomed to fingerprinting. When adding a responsible person using Part B, you must include a signed written request from a current/existing responsible person of the licensee authorizing the addition of the new responsible person(s).
If, after a firearm has been transferred, you discover that the ATF Form 4473 (5300.9 and/or 5300.9A) is incomplete or was improperly completed, do NOT make changes to the original ATF Form 4473. Instead, you should make corrections on a photocopy of the page pertaining to the inaccurate ATF Form 4473. The photocopied page(s) containing any changes or corrections should be attached the original ATF Form 4473 and retained as a part of your records. All changes should be initialed and dated.
The NFA, 26 U.S.C. § 5841 generally requires each manufacturer to notify the NFA Division of the manufacture of a firearm. The notification effectuates registration in the National Firearms Registration and Transfer Record (NFRTR). According to 27 C.F.R. 479.103, each qualified manufacturer shall file an accurate notice on an ATF Form 2, Notice of Firearms Manufactured or Imported (Form 2), executed under the penalties of perjury, to show manufactured firearms. All firearms manufactured in a single day shall be included in one Form 2 filed by the manufacturer by close of business the next day.
The pros and cons of the specific identification method depend on the size of your retail business, according to the Corporate Finance Institute (CFI). For the specific identification method to suit your retail business, you need to be able to confidently and accurately identify the location, cost, and sale amount of every stock-keeping unit (SKU) in your inventory. The bigger your business and its inventory, the harder that becomes.
The CFI suggests specific identification is better suited to small businesses because it can give them a more accurate profit and loss statement, with reliable numbers on income and losses and normal spoilage of inventory (due to things like accidental damage).
Investopedia has the following helpful LIFO example, of a furniture store that buys 200 chairs for $10 per unit. Next month the store buys another 300 chairs for $20 each, and at the end of their accounting period, it has sold 100 total chairs.
Counting cells allows the accurate determination of cell numbers, and therefore, consistency between experiments. This video will outline the procedure for counting both suspension and adherence cells using a hemocytometer. 2b1af7f3a8