sec s authority over generally accepted accounting principles
An Analysis On The Advantages And Disadvantages Of U.S. Generally Accepted Acounting Principles (GAAP) Converging To Internatinonal Financial Reporting Standards (IFRS)
... corporations the global of a high- accounting standards in cross-border financing activities and, most significantly, to aCCeSSand list in United States markets" ("A Brief History") The SECalso showed ... with the "outstanding regarded 10SeO 's endorsement served to enhance the lASe 's worldwide substantive issues" in the lASe 's core standards "Some as rather 'hollow,' yet this act of endorsement certainly ... detailed, specific requirements Comparison ") In other words, US GAAP has more "rules-based" guidance while IFRShas more "principles- based" ("IFRSs Comparison") than IFRS("A standards with specific...
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Tài liệu Generally Accepted Accounting Practice (GAAP) Series Tables pptx
... Cash Flows from Operations Cash Flows from Investing Activities Cash was Provided from Sale of physical assets Total Cash Provided Cash was Disbursed to Purchase of physical assets Net increase ... Non-cash movements in investments Unrealised losses arising from changes in the value of commercial forests Total Valuation Changes Physical Asset Movements Depreciation (Loss)/gain on sale of assets ... Borrowings (Gross Debt) 2003 Estimated 2004 2005 2006 Actual Forecast Forecast Forecast 2007 Forecast Less Financial Assets (including restricted assets) Marketable Securities, Deposits and Equity...
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Accounting principles10th
... basic accounting equation Assets As noted above, assets are resources a business owns The business uses its assets in carrying out such activities as production and sales The common characteristic ... Expenditures During Useful Life 470 Plant Assets Disposals 471 Retirement of Plant Assets 471 Sale of Plant Assets 472 SECTION Natural Resources 474 SECTION Intangible Assets 475 Accounting for ... against assets—that is, existing debts and obligations Businesses of all sizes usually borrow money and purchase merchandise on credit These economic activities result in payables of various sorts:...
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Accounting Principles
... resources (assets), the claims to Identify the economic resources (assets), the claims to those resources (liabilities), and the changes in those those resources (liabilities), and the changes ... information that is useful to those making investment and credit decisions investment and credit decisions b) b) Helpful in assessing future cash flows Helpful in assessing future cash flows c) c) Identify ... Total Assets measures the percentage of total assets that creditors, as opposed to stockholders, provide Chapter 7-45 SO Understand and analyze classified financial statements Statement Presentation...
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Tài liệu Accounting principles Mid-semester test pdf
... concern 13 On a multiple step Income Statement, the excess of net sales over the cost of merchandise sold is called a Operating income b Income from operations c Gross profit d Net profit 14 ... False c (i) False; (ii) True d (i) False; (ii) False 10 If merchandise is sold on account to a customer for $1,000, terms FOB shipping point, 1/10, n/30 and the seller prepays $50 in transportation ... the end of the accounting period? a Sales revenue b Salary expense c Income Summary d Retained Earnings Part B: Questions and Problems Question 1: (40 marks) Danville Company – Worksheet – 31 December...
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Tài liệu The Complete Idiot''''s Guide to Finance and Accounting pdf
... Indianapolis, IN, USA: Alpha Books, 1997 Page ii Complete Idiot 's Guide to Finance and Accounting by Muckian, Michael(Author) Indianapolis, IN, USA: Alpha Books, 1997 Page iii Complete Idiot 's Guide ... Indianapolis, IN, USA: Alpha Books, 1997 Page vii Complete Idiot 's Guide to Finance and Accounting by Muckian, Michael(Author) Indianapolis, IN, USA: Alpha Books, 1997 Page viii Complete Idiot 's Guide ... Indianapolis, IN, USA: Alpha Books, 1997 Page xii Complete Idiot 's Guide to Finance and Accounting by Muckian, Michael(Author) Indianapolis, IN, USA: Alpha Books, 1997 Page xiii Complete Idiot 's Guide...
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Tài liệu Đề tài " Serre’s conjecture over F9 " doc
... forms x0 = s0 + ω s1 + s4 , x1 = ω s0 + s1 + s4 , x4 = s0 + s1 + s4 , x2 = s2 + ω s3 + s5 , x3 = ω s2 + s3 + s5 , x5 = s2 + s3 + s5 ¯ ¯ lie in H (X ρ0 , ω ⊗2 ) This coordinate system yields ... points defined over solvable extensions of Q This suggests that we consider the class of varieties X such that, if K is a number field, and SERRE S CONJECTURE OVER F9 1113 Σ is the set of all solvable ... q-expansion of s4 up to the trace-2/3 part is a b d 0 and that of s5 is c 0 Note that s0 = t1 s4 , s1 = t2 s4 , s2 = t1 s5 , s3 = t2 s5 , so it suffices for our 1 purposes to compute the q-expansions...
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Tài liệu Reporting Corrections of Errors and Changes in Accounting Principles - Amending SFFAS No. 7, Accounting for Revenue and Other Financing Sources pdf
... financial statements not be restated for changes in accounting principles, unless otherwise specified in the transition instructions section of a new FASAB Federal Accounting Standards Advisory Board ... changes in accounting principles, unless otherwise specified in the transition instructions section of a new FASAB standard The language addressing the requirements, however, has been revised to ... exceptions to this decision, if warranted, for accounting standards issued in the future It may also further examine issues raised by respondents regarding changes in accounting principles Other Accounting...
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Tài liệu Accounting Principles: A Business Perspective, Financial Accounting doc
... their assets can generate greater amounts of assets Thus, a business increases its assets by providing goods or services to customers The results of these activities appear in the income statement ... businesses This separate existence of the business organization is known as the business entity concept Thus, in the accounting records of the business entity, the activities of each business should ... exchanges in which a business delivers goods or renders services Expenses are the costs incurred to produce revenues Expenses are measured by the assets surrendered or consumed in serving customers...
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Tài liệu New Jnches Sustainability Issues Working Group An Insider’s Guide to Finance and Accounting in Higher Education docx
... arising from acquisition of ABC College E Investments F Investment in joint venture Share of gross assets Share of gross liabilities G Investment in associate H Endowment assets I Current assets ... (liabilities)/assets Q Total assets less current liabilities R Less: Creditors: amounts falling due after more than one year S Less: Provisions for liabilities T Total net assets excluding pension liability ... operations Disposal of fixed assets Fundamental restructuring costs X Surplus on continuing operations after depreciation of assets at valuation, disposal of assets and tax Y (Deficit)/Surplus for...
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Accounting principles: The consolidated financial ... potx
... This sector comprises the divisions Medical Systems and Business Electronics Medical Systems Philips is among the top three makers of systems for diagnostic imaging, based on x-ray, magnetic resonance ... focuses on the business-to-business sector Main product areas are digital video-communication systems, broadband network equipment, business communication systems, communication and security systems, ... items Consolidated statements of changes in stockholders’ equity 84 in millions of Dutch guilders, unless otherwise stated number of shares * share premium other reserves total issued issued,...
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Accounting Principles and Concepts ppt
... sales Sales Cost of sales Sales Sales -Cost of Sales =Gross Profit -Operating Expenses =Operating Profit -Financing Expenses -Tax Expense =Net Profit or (Loss) Gross profit O,F, & T expenses Gross ... OWNERS’ EQUITY Owners’ and/or stockholders’ claims against assets • REVENUES Income from sales and other sources • ASSETS Resources with monetary value EXPENSES Costs to company Financial Statements ... businesses, net of cash acquired Purchases of investments Sales of investments Other Net cash used for investing Financing Dividends to shareholders Repurchase of common stock Proceeds from short-term...
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FHFA''''S SUPERVISION OF FREDDIE MAC''''S CONTROLS OVER MORTGAGE SERVICING CONTRACTORS pptx
... of its servicers; and This issue was also discussed in FHFA s 2009 Report to Congress 55 The TBW case is among the largest mortgage fraud cases in American history Freddie Mac reported losses and ... Activities Not all servicers are financial institutions necessarily supervised by PFRs Therefore, without oversight by FHFA, such servicers may be unsupervised To Ensure Safety and Soundness of ... measures, FHFA has not developed sufficient regulations or guidance governing the Enterprises’ oversight and risk management of counterparties, such as servicers The Safety and Soundness Act generally...
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ACCOUNTING PRINCIPLES, STANDARDS, AND REQUIREMENTS - Title 2 Standards Not Superceded by FASAB Issuances doc
... This standard was superceded by the following FASAB Standards (SFFAS) SFFAS 1, Accounting for Selected Assets and Liabilities, par 83 and 84 SFFAS 5, Accounting for Liabilities in the Federal Government, ... Professional Standards, vol 1, AU sec 411) SAS No 91 established the following hierarchy of accounting principles for federal government entities “(a) … FASAB Statements and Interpretations, as ... restrictions on the use or actual conversion of assets denominated in foreign currencies shall be disclosed in the financial statements The financial statements shall also disclose the effects...
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Báo cáo khoa học: "Is the Generally Accepted Strategy of Machine-Translation Research Optimal?" ppt
... human translation It is not difficult to show that the process of analysis represents the totality of the processes of translation If this is so, then these processes likewise have a “selective” ... translation process presupposes both objective and selective understanding From this it follows unequivocally that in at least one of the two possible cases these two processes based on natural ... pertinent methods and objects From this follows that the mathematical models describing these two types of processes, as well as the branches of science that treat these problems, must also be different...
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Accounting Principles - A Business Perspective, Financial Accounting (Chapters 9 – 18) A Textbook doc
... is repossessed in satisfaction of a loan, the receivable is written down against the allowance for losses to estimated fair value of the asset less costs to sell, transferred to other assets ... goods and services For some businesses, uncollectible account losses and other costs of extending credit are a burden By paying a service charge of percent to percent, businesses pass these costs ... cards used by customers to charge purchases of goods and services These cards are of two types—nonbank credit cards (such as American Express) and bank credit cards (such as VISA) • The sale is...
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ACCA’S SUITE OF ENTRY-LEVEL ACCOUNTING AWARDS EXPLAINED: Foundations in Accountancy ppt
... syllabus also covers accounting for the business transactions of sole traders and partnerships Managing Costs and Finances (MA2) To develop the knowledge and understanding of the principles and ... same as exams F1, F2 and F3 of the ACCA Qualification and share identical syllabuses, study guides and assessment methods F1, F2 and F3 of the ACCA Qualification will be updated and also first ... Business and the CAT Qualification Please note Foundations in Professionalism only needs to be completed once by students who choose to complete one or more of these awards Foundations in Professionalism...
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Fundamental Accounting Principles pptx
... My Classroom Discussions More Interactive? CPS Classroom Performance System This is a revolutionary system that brings ultimate interactivity to the classroom CPS is a wireless response system ... Investing 635 Three-Stage Process of Analysis 635 Analysis of Noncurrent Assets 635 Analysis of Other Assets 636 Cash Flows from Financing 637 Three-Stage Process of Analysis 637 Analysis of ... Plant Assets 398 Selling Plant Assets 398 SECTION 2—NATURAL RESOURCES 400 Cost Determination and Depletion 400 Plant Assets Used in Extracting Resources 401 SECTION 3—INTANGIBLE ASSETS 401 Cost Determination...
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Accounting Principles: Managerial Accounting ppt
... process cost system • Distinguish between process and job costing systems • Discuss the concept of equivalent units in a process cost system • Compute equivalent units of production and unit costs ... physical measures such as units, pounds, or liters Process cost system (process costing) A manufacturing cost system that accumulates costs incurred to produce a product according to the processes or ... Process costing accumulates costs by process or department • Work in Process Inventory accounts Job cost systems have one Work in Process Inventory account for each job Process cost systems have...
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