ROLE OF ‘IASB’ IASB replaced the old regime of International Accounting Standards Committee (IASC) in standard setting. The IASC was issuing International Accounting Standards (IAS). So far there were forty one IAS which had been issue before IASB replaced IASC in 2001. As one of the major weaknesses of IASC was that the standards it was issuing contained many objectives thereby defeating the purpose of consistency in recognition‚ measurement and presentation of transactions. IASB intends to limit
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FASB Accounting Standards Codification: 410 Asset Retirement and Environmental Obligations Abstract The purpose of this research paper is to summarize research on codification topic 410 based on the information found in different academic databases. The first part of the paper will focus on the FASB Codification database. The second part of the paper will compare and contrast three other databases on the same codification 410 within the RIA Checkpoint databases: AICPA: Auditing
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Customer service standards and conditions:. Right to Be Informed I consider buying from you the right information to help you make the right decisions about the products and the customer must supply. If you sell the wrong product or it is deliberately false information to the customer‚ he may bring an action for fraud or scams. Court‚ if successful‚ may have to pay compensation. Common law tort‚ warranty‚ and the wrong of fraud‚ deceit‚ breach protect customers. In addition‚ the federal Fair
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judged and punched in the face by social standards. Females are faced with standards and fixed images by society every given day. Many standards are almost impossible to even be possibly met. If these difficult standards are not met‚ females are harshly judged. A UG Student‚Ulfat Rashid said‚ “ We are living in a conservative society. Our people are extremely ignorant and
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Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are many issues
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curve created on a graph when using a frequency distribution method for a set of data‚ splitting the mean symmetrically. There is a big difference between standard deviation and the bell curve! Standard deviation shows the difference in variation from the average; the bell curve‚ also normal distribution or Gaussian distribution‚ shows the standard deviation and is created by the normal or equal distribution of the mean among either half. The bell curve is an important distribution pattern occurring
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Army Standards and Ethical Dilemmas MSG Garrison‚ John O.‚ 19Z United States Army Sergeants Major Academy Class 62 SGM Kelvin Hinkle December 8‚ 2011 Unclassified Abstract The inconsistent application of Army standards leads to unethical decisions on a daily basis. Despite an emphasis on Army values at all levels‚ military leaders open themselves up to make unethical decisions when they don’t adhere to set standards. Despite the Army having clear standards on height/weight‚ APFT‚ the tattoo
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Developing Nursing Standards Standards of practice are professional expectations that any nurse‚ regardless of his/her role‚ should follow. These standards are crucial as they promote‚ guide‚ and direct the nursing practice. They are legal and professional requirements that regulate how nurses should perform at work. Furthermore‚ they ensure that nursing practice the profession safely. Several documents establish the foundation and create the framework for scope and standards of nursing. The first
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such as foreign exchange risk‚ political‚ economic‚ cultural diversities‚ etc. that need to be taken into deliberation in making investment judgment. A significant variable in the analysis of foreign securities is various accounting standards. The accounting standard of United States (US) and United Kingdom (UK) and identifies the major differences that materially impact the Tangible Assets‚ Goodwill‚ Inventory‚ Auditing‚ and financial statements. The study is helpful in evaluating the financial
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to google.com (web definitions) Accounting Standards can be defined as a set of rules governing how accounts are drawn up. Would there be more positive effects than negative if a country develops its own accounting standards? I totally disagree with this statement‚ instead should be read‚ ‘A country should ‘NOT’ develop its own accounting standards’. To support my statement I will substantiate on five points stating why there is one accounting standards for everyone to follow; these include:
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