In the last decade‚ various countries around the globe have shifted towards a uniform accounting standards or the International Financial Reporting Standards (IFRS). The main motive behind this movement is to come up with a global language for accounting which will be comparable and understandable beyond the borders of a nation. As of today about 120 countries require IFRS for domestically listed companies‚ although only about 90 countries have fully conformed to IFRS . While some argue that it is
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Pyeong G. Lim Dr. Christian History 1305 March 21‚ 2013 Summary of “Foot Soldiers of the Revolutionary Army” In the essay “Foot Soldiers of the Revolutionary Army” by Gary B. Nash‚ the authors of the book tell of a Private Joseph Plumb Martin that kept a diary that details the life and hardships that the soldiers endured. Martin writes‚ “The army was now not only starved but naked. The greatest part were not only shirtless and barefoot but destitute of all other clothing‚ especially blankets
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STANDARD CHARTERED Standard Chartered is the world¶s leading emerging markets bank. SCB is one of the world’s most international banks in terms of the diversity of their people It employs 73‚800 member staff ‚nearly half of whom are women. It has over 125 nationalities represented over bank. The extraordinary growth of its business provides challenging international career opportunities. The Group is committed for upholding high standards of corporate governance
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423 Accounting Theory & Practice TOPIC 5: ACCOUNTING STANDARD SETTING Chapter 7 SHD Learning Outcomes At the At the end of this lecture‚ students should be able to explain: ✓ The three theories proposed to understand the process of regulation – public interest‚ regulatory capture and private-interest theory ✓ a comparison of the free market and regulatory approaches to standard setting ✓ International standard setting ✓ Standard setting in Malaysia Introduction • Since 1960s‚
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George Pickett was a major general for the Confederate Army best known for his role in “Pickett’s Charge‚” the unsuccessful assault against Union forces at the Battle of Gettysburg. Pickett was born on January 16‚ 1825 in Richmond‚ Virginia to Robert and Mary Pickett‚ the oldest of their eight children. Remembered as a jovial young man‚ he attended West Point Military Academy and graduated last in his class in 1846. His classmates included Thomas “Stonewall” Jackson‚ George McClellan‚ and George
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Accounting Standards Boards Increased globalization in the business world has brought to fore some of the issues and challenges that multinational businesses face in financial recording and reporting of foreign based operations. With operations based in different countries that operate under different accounting principles and with varying currencies‚ there has been a need for the accounting principles and standards to be converged. This has in the past nine years seen the accounting policy
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2.1 Accounting standard-setters have an expectation that the readers of general purpose financial reports have a ‘reasonable knowledge’ of accounting. Specifically‚ the IASB Framework states that ‘users are expected to have a reasonable knowledge of business and economic activities and accounting and a willingness to study the information with reasonable diligence’. Hence‚ there is an expectation that financial statements are not tailored to meet the needs of people who have not‚ in some way‚ studied
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The Provisional Irish Republican Army (IRA) was formed in 1969. The Official IRA declared a cease-fire in the summer of 1972‚ and subsequently the term IRA began being used for the organization that developed from the ’Provisional ’ IRA. Organized into small‚ tightly knit cells under the leadership of the Army Council the IRA has remained largely unchanged. It is difficult to know the exact number of IRA members because of the political and economic persecution that comes with publicly endorsing
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RESEARCH: Accounting Standard Codification (ASC) 1. FASB had four primary goals in developing the codification. List these four goals: 1. Simplify user access to all authoritative U.S. GAAP by putting them all in one place with codification 2. Assist FASB with the research and international convergence efforts required during the standard-setting process 3. Become the authoritative source of literature for the completed extensible business reporting language (XBRL) taxonomy 4. Clarify that
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to serve the public interest‚ strengthen the worldwide accountancy profession and contribute to the development of strong international economies by establishing and promoting adherence to high quality professional standards‚ furthering the international convergence of such standards and speaking out on public interest issues where the profession’s expertise is most relevant. This publication may be downloaded free-of-charge from the IFAC website http://www.ifac.org. The approved text is published
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