Evaluating Concepts-Based vs. Rules-Based Approaches to Standard Setting INTRODUCTION In its new project on Codification and Simplification‚ the FASB indicates its intent to evaluate the feasibility of issuing concepts-based standards rather than issuing detailed‚ rule-based standards with exceptions and alternatives.[ 1] Related to this project‚ members of the FASB board and staff asked the Financial Accounting Standards Committee of the American Accounting Association (hereafter‚ the Committee)
Premium Balance sheet Auditing Financial statements
Final Project: Plant Design IT107 Instructor: Arun Nambiar Christopher Castillo Pencheng Xiong December 3‚ 2012 Executive Summary Our layout is designed for cost effectiveness. With the superb plant location being close to highway 99 and 41 makes it the best choice for you. From the central valley you can get anywhere in California in good timing. It also has an ideal market with many cities and towns and nearby shopping centers. The production layout is built is built to be effective
Premium Manufacturing Diagram Pallet
way our eyes are guided around the artwork. Composition is involved with unity‚ how the elements of the artwork go together to form a oneness‚ a wholeness‚ which satisfies the eye. Composition is involved with and governed by the principles of design. Composition is about visual organization. BALANCE Balance involves the distribution of elements in a work of art. Balance is the control of the elements in attracting attention. This attention must be evenly or unevenly spread over
Premium Visual arts Shape Circle
The prudence concept Being prudent means THAT YOU ARE CAREFUL ABOUT YOUR FINANCIAL SITUATION. IT MEANS NOT BEING CERTAIN ABOUT HAVING MONEY UNTIL YOU DEFINATLY KNOW YOU WILL BE GETTING IT. The prudence concept means that when you are running a business and trying to figure out what your profits will be you understate your profits rather than overstate them. It also means that you make a record of all the debts or money that you own out of the business and not writing down any anticipated profits
Premium Depreciation Generally Accepted Accounting Principles Economics
The concept of learning can be defined as the changing of knowledge‚ skills and behaviors of one person‚ which due to different experiences. As this reason‚ different people may have different understanding about the concept of learning. In my point of view‚ the learning is a continuous process‚ which could help people to acquire new knowledge and skills through understanding. It also provides the different views of thinking and understanding‚ in order to change as a person from inside to outside
Free Knowledge Learning Memory
Banking Concept of Education”‚ he discusses the importance of a student-teacher relationship and the issues of the educational system. The banking method signifies how teachers “fill” up their student’s minds with knowledge without any questions. This method‚ Frerie believes‚ limits the student’s capability to think for them-selves that leads for students to constantly rely on information from their teachers. Freire then proposed a solution for the banking concept called “problem-posing concept”‚ a method
Premium Education
The concept of “we learn something new every day” is not just a saying but is a saying‚ which holds truth. We learn something new in school‚ our careers‚ our daily lives‚ and in the world. Some of our learning may change our behavior or our way of thinking. To fully understand the concept of learning‚ let us look at an in-depth knowledge‚ which will be addressed in the following: describe the concept of learning‚ distinguish between learning and performance. Last I compare and contrast the conceptual
Premium Psychology Learning Idea
Prepare a Concept Paper of your research proposal using Word Processing software based on the guidelines below. Be ready for oral presentation during the class using Presentation software. Presentation Outline for Concept Paper The following guidelines should enable you to write a concise concept paper (about 2 to 3 pages) on a research topic that you intend to develop further and subsequently submit as your graduate thesis. Title The title should be comprehensive enough to indicate the nature
Premium Research Scientific method Qualitative research
Name: SHINELLE S. CUNNINGHAM Question: Explain with examples the following concepts and values. a. Fairness and Equity b. Power and Authority c. Individualism and Collectivism d. Rights and Responsibilities e. Integrity and Trust Most definitions of industrial relations imply a certain shortcoming or inadequacy. For instance‚ Michael Salmon’s suggestion‚ after much examination of the submissions of others‚ that “it is possible” to define industrial relations
Premium Human rights Employment Management
violent video or computer games makes children more aggressive and violent. The independent variable in the hypothesis is playing violent video games. The dependent variable is aggressive and/or violent behavior. To test this hypothesis‚ I will design an experiment. First‚ I will randomly select 36 sixth grade students‚ 18 males and 18 females‚ from Delhi Public School. I will obtain a list of all sixth grade students (approximately 100 students) from the principal‚ stratify the list by sex‚
Free Violence Aggression Video game