April). IFRS Converges to U.S. GAAP on Segment Reporting. Retrieved January 30‚ 2013‚ from Journal of Accountancy: http://www.journalofaccountancy.com/Issues/2009/Apr/20081008.htm Nelson‚ M. W.‚ Sepe‚ J. F.‚ & Spiceland‚ D. J. (2013). Intermediate Accounting. New York: McGraw-Hill Irwin. Ryrie‚ C. C. (1995). Ryrie Study Bible. Chicago: The Moody Bible Institute.
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Accounting 202 Homework Chapter 1-Managerial Accounting ‚ the Business Organization‚ and Professional Ethics 1-40 Use of Accounting Information in Hospitals Most U.S. hospitals do not derive their revenue directly from patients. Instead‚ revenues come through third parties‚ such as insurance companies and government agencies. Until the 1980s‚ these payments generally reimbursed the hospital’s costs of serving patients. Such payments ‚ however ‚ are now generally flat fees for specified services
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.50 probability. 2) How does a normal curve relate to a probability distribution? How and why can we make predictions about the occurrence of an event using a theoretical normal curve? The normal curve is a probability distribution and a theoretical ideal. The theoretical model known as the normal curve is a very useful probability distribution for its applications to actual research situations. The symmetrical‚ bell shaped‚ normal curve can be used to interpret the standard deviation‚ to describe
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national accounting standards in retail industry Evaluating International Company under Abstract This paper analyses the international firms under the national accounting standard in retail industry. The study applies two typically firms which are Woolworths from Australia and Walmart from the United States and compare the two firms in 4 perspectives. Firstly‚ the different in recognition of intangible assets‚ revenue‚ tax‚ inventory under IFRS (Aus) and U.S.GAAP. Secondly‚ describe
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Discussion Board 1/ Week 1 Business Ethics Benji Watson graduated near the top of his class in the Liberty University MBA program and he was recruited by several national corporations. One of those corporations was New Gen Health Sciences. New Gen manufactures and sells various vitamins‚ health foods and health supplements and it was recently featured in Fortune Magazine as one of the fastest growing companies in America. Benji was invited to attend a weekend long “Get to Know Us” event at New
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items or IFRS or ASPE Standards extracts. The appendix should not contain discussion or analysis. [That is‚ the overall limit is three pages + a two page appendix‚ if needed‚ for a total of 5 pages (single spaced‚ minimum 12 font)]. For the most part‚ the background needed to complete the cases is readily available in the text‚ the CPA Canada Handbook‚ IFRS or in companies’ annual reports. The SEDAR web site is an excellent source of annual reports and the notes on accounting practices in these
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Standards 2‚ 4‚ and 5 were met in the previously submitted report‚ therefore the associated documents may include identification of these standards but the following narrative will not be included in this revised report. This revised report will only address standards 1 and 3‚ as they are the standards that have been met with conditions. The National Recognition Report states that the following conditions must be met in order to obtain full national recognition: • Candidate pass rate is inconsistent
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capitalize the interest costs associated with the construction of your new manufacturing facility‚ and if you are obligated to do so. After extensive research‚ and by examining the procedures for capitalizing interest laid out by the Federal Accounting Services Board (FASB)‚ ARC can capitalize the interest‚ and is most likely required to do so. Capitalization of Interest Interest on an asset must meet various criteria to be eligible for capitalization. First‚ the asset must require a period of time
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stanAccounting Standard (AS) 3 (revised 1997) Cash Flow Statements Contents OBJECTIVE SCOPE BENEFITS OF CASH FLOW INFORMATION DEFINITIONS Cash and Cash Equivalents PRESENTATION OF A CASH FLOW STATEMENT Operating Activities Investing Activities Financing Activities REPORTING CASH FLOWS FROM OPERATING ACTIVITIES REPORTING CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES REPORTING CASH FLOWS ON A NET BASIS FOREIGN CURRENCY CASH FLOWS EXTRAORDINARY ITEMS INTEREST AND DIVIDENDS TAXES ON INCOME
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Accrual Accounting: Income is recorded as you invoice customers‚ and expenses are recorded when you receive bills from vendors‚ regardless of when cash is actually exchanged. This presents a truer picture of income and expenses. Most companies use this method. Cash-Basis Accounting: Income is recorded when cash (checks‚ money orders‚ or currency) is received‚ and expenses are recorded when paid. However‚ unpaid credit sales and purchases do not show on ledgers‚ which can present a misleading
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