Intermediate Accounting Research Assignment Questions Directions: Type your answer starting on the line after each question. 1. FASB Accounting Standards Codification FASC a. When did the FASC Codification become effective? According to the Notice to Constituents (v4.7)‚ the FASC Codification was released on July 1‚ 2009 and became effective for interim and annual periods ending after September 15‚ 2009. b. Did the FASC change prior GAAP? According to the Notice to Constituents (v4.7)‚ the
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relatioships between charcters in the stories we have studies one of them is Anil. in Anil the writer presents confilct in relationship between the father‚ Appa‚ and the son‚ Anil. Anil is very uncomfortable and scared with his father‚ we know this because in the story it says " his father was a burly man‚ a bully to his family" this explains that the relationship between the father and the son is unsual and unsafe. the word "Bully" is used to show negativity and the harmful relationship between Anil and
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Describing Places: Seoul Being the capital of Korea since the 14th century‚ Seoul (서울) is one of the most popular tourist destinations located in the west of its country. Packed with countless sights and places to visit‚ ranging from royal palaces to trendy shopping centre‚ Seoul is a city with so much to offer that tourists might not know where to begin. The streets of Seoul are always jammed with people as there are endless varieties of restaurants‚ cafes‚ shopping centres‚ discos available
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DESCRIBING: AN OUTDOOR CONCERT At first parking seemed to be extremely overpriced; thirty dollars to park in a parking lot full of trucks with grills and coolers full of beer in their beds. The music from the speakers that were about a mile or two down the road traveled into my car as if it were a ghost and took over my CD player. Suddenly the rap music that was being played was taken over by Big and Rich‚ one of country music’s superstars. The blazing sun felt like an oven compared to
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A reporting entity is required to prepare its financial report based on IASB framework and it is so useful for different types of users to evaluate the financial performance of the reporting entity and make suitable decisions. In this essay‚ the usefulness of conceptual framework in preparing of financial report will be discussed. And also‚ 2011 annual report of CLP Holdings Limited will be reviewed to further discuss how its qualitative characteristics of the information are useful for shareholders
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One of the more prominent relationships one may observe in The Kite Runner is between the Hazara boy‚ Hassan‚ and Amir. This relationship is one the most important in the novel as it acts as a large foundation which is required for the rest of the novel. “…we were kids who had learned to crawl together‚ and no history‚ ethnicity‚ society‚ or religion was going to change that either.” (27‚ Hosseini). Amir and Hassan were very close from a very young age‚ they had grown a very strong friendship with
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influence does the SEC have over the FASB pertaining to setting accounting standards? Do the SEC and FASB work together as believed by the authors of The Accounting Standards Setting Process in the U.S.: Examinations of the SEC-FASB Relationship ? Or is the FASB in complete control of the standard setting process? The SEC has the legal responsibility to set accounting standards‚ but gave this duty to the FASB. According to the article a lot of what the FASB does is a reaction to the immense pressure
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How a working relationship is different from a personal relationship The difference between a working relationship and personal relationship is that a working relationship is different because of boundaries‚ professional codes of conduct‚ employer policies and procedures. in your working relationship you would be friendly have a different approach treat with equality you would know your role and responsibility you would not share personal information as you would with friends. Also a working relationship
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GASB and FASB Analysis Paper By Jennifer R Carlson ACC 460 Kelly Chamberlain March 6‚ 2006 The Governmental Accounting Standards Board (GASB) is the board that "sets the accounting and financial reporting standards for state and local governments‚ whereas the Financial Accounting Standards Board (FASB) is the standard-setter for all other entities except the federal government." (Granof‚ 2003‚ Ch 1 pp6) The GASB promotes accountability and allows the public to know the facts in
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FASB Codification/ARO Case 1. According to FASB the asset retirement obligation should be recorded in the period in which the liability meets FASB’s definition of a “probable future sacrifice of economic benefits arising from a present obligation‚” and in which its amount can be reasonably measured. Uncertainty with respect to the timing or method of settlement that is conditional on future occurrences does not affect the recognition of the liability but may be factored into its measurement.
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