Accounting for Artificial Intelligence
Bridge the GAAP - Accounting Podcast
Release Date: 08/10/2015
Accounting for the Republican Debates
Bridge the GAAP - Accounting Podcast
Bridge the GAAP is a blog and podcast that presents conversational discussion about topics in accounting and auditing in an attempt to bridge the gap between theory and practice.
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Accounting for Panic
Bridge the GAAP - Accounting Podcast
Today the Bridge the GAAP – Accounting Podcast discusses recent volatility in securities markets. We’re going to discuss the topic by building a bridge that connects the dramatic drop in the Dow Jones Industrial Average earlier this past week, Accounting Standard ASC 830, and the Ghost in the Machine. ...
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Accounting for Hackers
Bridge the GAAP - Accounting Podcast
Today the Bridge The GAAP – Accounting Podcast discusses challenges faced by rapidly advancing technology. We discuss the topic by building a bridge that connects a hacker ring in Ukraine, SEC Rule 10b-5, and the hacktivist community called "Anonymous." ...
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Accounting for Forrest Gump
Bridge the GAAP - Accounting Podcast
Today the topic of our Bridge The GAAP – Accounting Podcast is logical relationships. We’re going to discuss the topic by building a bridge that connects the ideas of Forrest Gump (Tom Hanks), Auditing Standard AU-C 520, and synchronicity. ...
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Accounting for Artificial Intelligence
Bridge the GAAP - Accounting Podcast
Today the topic of our Bridge The GAAP – Accounting Podcast is faithful representation. We’re going to discuss the topic by building a bridge that connects the ideas of testing artificial intelligence, Topic 840 of the Accounting Standards Codification, and skyscrapers in Chicago. ...
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Accounting for Teeth
Bridge the GAAP - Accounting Podcast
Today the topic of our Bridge The GAAP - Accounting Podcast is fair value. We’re going to discuss the concept fair value through the prism of several unusual commdoties in the South Pacific, including spinner dolphins' teeth. By doing so, we will answer shed light on the meaning of fair value and some of the questions raised by its consideration. ...
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Accounting for Aliens
Bridge the GAAP - Accounting Podcast
Today the topic of our accounting podcast is a little unconventional. We're going to trace the concept of the fraud triangle back into an unusual case study involving a message from another world. By doing so, we will answer the question, What do an alien prophecy, Auditing Standard AU-C 240, and a billion-dollar Ponzi schemer all have in common? ...
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AU-C 320: Materiality
Bridge the GAAP - Accounting Podcast
Today the topic of our accounting podcast is Auditing Standard AU-C 320, which discusses Materiality. We’ll answer such questions as, What is materiality? How is it determined? What has to be documented?
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AU-C 315: Understanding the Entity and Risks
Bridge the GAAP - Accounting Podcast
Today the topic of our podcast is Auditing Standard AU-C 315, which discusses the requirement that the auditor understand the entity being audited and its internal control and requires that the auditor identify risks at the financial statement level and at the relevant assertion level. We’ll answer such questions as, What should we understand about the entity? How should we perform our risk assessment? What has to be documented? ...
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AU-C 300: Planning an Audit
Bridge the GAAP - Accounting Podcast
Today the topic is Auditing Standard AU-C 300, which discusses Audit Planning. We'll answer such questions as, Who is involved in planning an audit? What are they doing? What has to be documented?
info_outlineToday the topic of our Bridge The GAAP – Accounting Podcast is faithful representation. We’re going to discuss the topic by building a bridge that connects the ideas of testing artificial intelligence, Topic 840 of the Accounting Standards Codification, and skyscrapers in Chicago.
We start off by discussing Alan Turing's famous "Imitation Game," which is now typically called the "Turing Test," and is used as a measurement of artificial intelligence. The approach that Turing used to answer the question serves as a tool to relate the three topics of this podcast.
As we discuss Accounting Standard ASC 840, we will cover the difference between capital leases and operating leases, including the four criteria that are considered in determining for a lessee whether a lease is a capital lease. We'll also discuss direct financing type leases and sales type leases from the perspective of the lessor.
The podcast includes a brief discussion about Louis Sullivan, who is considered to be the "Father of the Skyscraper" and some of his thoughts regarding the consideration that form follows function.