Read the following paragraphs introducing Portland‚ Oregon. Notice that each paragraph focuses on a different aspect of the city. Portland‚ Oregon is located in the northwest of the United States. Both the Columbia and the Willamette river run through Portland. It is the largest city in the state of Oregon. The city is famous for its proximity to the mountains and the ocean‚ as well as its relaxed‚ friendly inhabitants. Approximately 500‚000 people live in Portland while the Portland metro area
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GASB and FASB Comparison Government and Not-For-Profit Accounting GASB and FASB Comparison The Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) have some similarities and differences even though it may seem on the surface to be the same. The fact the FASB created the GASB for governing not-for-profit and government organizations but with very different goals in mind. The same can be said for full accrual basis of accounting and modified accrual
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FASB STATEMENT 86 FASB Statement 86 Accounting 304 Carla LaMariana 11/28/2007 [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] In 1973 a new organization was founded‚ this organization was named The Financial Ac-counting Standards Board‚ or the FASB. The FASB creates and improves the standards of the reporting
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IASB and FASB release revenue recognition exposure draft What is the issue? On June 24th‚ the FASB and IASB issued an exposure draft proposing a new revenue recognition model that could fundamentally alter the way entities across a variety of industries recognise revenue. The proposal is an output of the boards’ joint efforts to develop a converged revenue recognition standard based on the same principles. A key objective is to increase the consistency of revenue recognition for similar contracts
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The Relationship Between Relevance and Reliability Accounting information provided by accounting entity must reach a certain quality standard‚ so that it can meet the users’ needs of accounting information. Financial accounting information quality has four basic characteristics‚ can be understandability relevance‚ reliability and comparability. Two of the greatest impacts on the accounting of the main accounting policies are relevance and reliability. When we compare and contrast any two subjects
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FASB Codification System The purpose of this document is to become acquainted about FASB Codification System. It is necessary to include what is the FASB Codification System‚ what is the purpose of the system‚ what are the nine content areas located in the system‚ and what types of items are located under each content area. FASB Codification System is a database and research system developed by the Financial Accounting Standards Board that pulls together many of the authoritative resources about
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Case Study Cost-cutting at Erstaunliche Autos “We aim to boost earnings by €10bn‚” says new chief at Erstaunliche Autos Background Erstaunliche Autos (EA) is a medum-sized German car manufacturer based in Frankfurt. Workers have so far enjoyed a four-day week and high salaries‚ although production costs at EA are 40 per cent higner than similar car manufacturers. In addition‚ fierce international competition‚ including China‚ now poses a serious threat to Germany‚ where one in seven employees
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Liya Oganyan 3364/3 Describe a person you know well and say how he changed since you first met him. I firsr saw Edward when I graduated secondary school аnd moved up to high school. From the very beginning I could say that the guy had a great sence of humour. He was joking almost all the time. Although he wasn’t the best student‚ actually I should say that he was one of the worst ones in terms of marks I mean‚ teachers loved him for being able to get out of a difficulties with great ease
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Canada: The Defining Moments of a Nation A defining moment is the point at which‚ a situation is clearly seen to undergo a change. Canada‚ as a growing nation‚ has encountered many defining moments throughout it’s history. During the twentieth century women of Canada have undergone numerous moments that brought about significant changes for themselves. The most prominent moments‚ which brought about the most change and significance are: the persons case of 1928‚ the women’s liberation movement throughout
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It was a scorching hot summerâs day: perfect for a day at the fair. The sky was dotted with a few fluffy clouds that looked like candy floss. The entrance to the fair could be seen in the distance and the long queues edged forward slowly. Customers were becoming increasingly excited and impatient as they took a few steps forward every so often. Faint music could be heard from beyond the tall gates with the occasional happy scream suddenly piercing the air. Closer to the entrance and the massive
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