Advantages and Disadvantages of switching from U.S.GAAP to IFRS Nara Yoon Charles Center Summer 2009 2 Advantages and Disadvantages of switching from U.S.GAAP to IFRS In today’s business‚ markets are demanding increasing conformity. Many countries have converted to and implemented the International Accounting Standards Board (IASB)’s accounting standards. The United States‚ however‚ still maintains its own Financial Accounting Standards Board (FASB). Both IASB and FASB have created International
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clutter • All tools‚ gauges‚ materials‚ classified and stored • Remove items which are broken‚ unusable or only occasionally used ORGANISATION PRIORITY Low FREQUENCY OF USE HOW TO USE Less than once per year Once per year Throw away Store away from the workplace Average At least 2/6 months Once per month Once per week High Once Per Day Store together but offline Locate at the workplace ORDERLINESS • Organise layout of tools and equipment – Designated locations – Use tapes‚ labels and silhouettes
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The roles of women in modern day society have undergone tremendous change since the emergence of the Women ’s Liberation Movement in the 1960 ’s. After decades of gradual progression‚ the assemblage of Australian women to unite under a common cause has led to liberation. Their resorts to often desperate measures has ensured unparalleled achievements. The Women ’s Liberation Movement was a direct result of Feminism.(1) Sparked by various feminist organisations at the time‚ the movement aimed to create
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The Results of an era of Discrimination "Discrimination is a disease." This is a greatly popular quote straight from the mouth of Robert Staunbach. Many people consider the 1930’s to be a terrible time of prejudice‚ especially to some violent extremes. Between racism‚ sexism‚ and social prejudice‚ discrimination levels were about the highest America has ever seen. This was a difficult time for African Americans in the U.S‚ and despite the decline of organizations such as the Ku Klux Klan‚ racism
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CHRYSLER SYNOPSIS On April 30‚ 2009‚ Chrysler Motors‚ the third largest automobile manufacturer in the United States‚ filed for bankruptcy protection under Section 363 of Chapter 11 of the U.S. bankruptcy code in the Manhattan Bankruptcy Court along with its 24 wholly-owned U.S. subsidiaries. Included in the bankruptcy filing for Chrysler‚ it announced that they had established a global strategic alliance with Fiat SpA. The plan for Chrysler was to provide the public with a new face to the
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expansion since the late 1900s. This market has very successful international companies such as Mercedes-Benz‚ Lexis‚ Hyundai‚ Chrysler‚ Camry‚ Fiat‚ etc. All of these firms have held a position in the automobile industry. Even in economic hardships when demand for automobiles was decreased‚ the market did not faze them. Two firms prominent in this industry are Chrysler and Fiat which have both held successful positions in the late 1900s. Due to decreased market demand and lackluster products both
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back to the 1700’s and has continued today. Superior groups saw colonization as an opportunity to abuse their power and take over inferior colonies who won’t resist with any armed protection. It is noted that throughout history‚ countries used colonization as a way to handle their economic and social issues. It has evolved into a vessel for racism‚ oppression‚ and dehumanization. These patterns of the development of colonization and its impact can be seen dating back to the 1700’s in texts such as
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influence on people´s personality features‚ clothing has become what. Over the 50’s and 80’s decades‚ it was suffered as many changes as the history its self has had. The main point on this essay is to compare or contrast the 80’s and 50’s fashion tendencies‚ and representative trends. First of all‚ I found remarkable to notice that during the 50’s‚ clothing could have the opproral of trousers and jeans for ladies and that elegance has been one very important thing since then. About the 80’s decade‚ we notice
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stands for International Accounting Standards Board; it is the independent board charged with the standard setting of the IFRS. The IASB is important because it develops and publishes the IFRS as well as provides rulings on interpretations of the IFRS. The IASB consist of 15 fulltime multinational members; the current chairman is Hans Hoogervorst from the Netherlands. IFRS stands for International Financial Reporting Standards and is the organization whose main goal is to “to develop a single
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S&S Air‚ Inc. 2009 Income Statement Sales COGS Other Expenses Depreciation EBIT Interest Taxable Income Taxes (40%) Net Income $20‚077‚000 $14‚985‚000.00 $2‚399‚000.00 $655‚000.00 $2‚038‚000.00 $362‚000.00 $1‚676‚000.00 $670‚400.00 $1‚005‚600.00 Dividends Add. To RE $205‚000.00 $800‚600.00 2009 Balance Sheet Current Assets Cash AR Inventory Total CA Fixed Assets Net P&E Total Assets 1. Ratios Current Ratio Quick Ratio Current Liabilities $365‚040 $1‚534‚680 $1‚238‚500 $3‚138‚220 AP Notes Payable
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