An update is provided on the Financial Accounting Standards Board (FASB) joint projects with the International Accounting Standards Board (IASB), “FASB-only” projects, recently released GAAP alternatives for private companies, and the Committee of Sponsoring Organizations (COSO) revised internal control framework..

Current Developments in Accounting and Financial Reporting. Maloney, Bill, Spring 2014, pp. 1‑7.

Oil trade and investment between the Gulf and Asia are becoming mutually strategic and attracting diplomatic focus from both sides. This article addresses some of the pressing economic challenges which the Middle East petroleum sector faces and trends in the Gulf–Asia energy relationship.

An Emerging Strategies Energy Relationship. Marcel, Valerie; Pek, Hak Bin; and Houwer, Hilda Mulock, Spring 2014, pp. 8‑26.

There are (17) major clauses contained in most leases as identified in this article. While the exact titles and order may change and some may be mingled together, every one is negotiable. This article examines clauses with the most significant negotiable aspects.

The Give and Take of Lease Negotiation. Hoffman, Jim, Spring 2014, pp. 27‑36.

This article discusses different types of software selection scenarios and offers recommendations on how to make timely yet well thought out decisions for each.

Software Selection Best Practices & Food for Thought. Gerbel, Elizabeth, Spring 2014, pp. 37‑44.

This article presents the case of a dispute before the U.S. Tax Court regarding tax treatment of a lump sum bonus payment and depletion deduction and whether a petitioner is liable for an accuracy-related penalty.

Yes Virginia, Lease Bonus Payments Are Ordinary Income. Crawford-Cheng, Christine and Crumbley, D. Larry, Spring 2014, pp. 45‑52.