"Differences and similarities in financial reporting in a for profit and government organization" Essays and Research Papers

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    There are quit a few differences in financial and managerial accounting‚ the first differences has to do with the primary users of the reports; in financial accounting the reports are used by external users such as stockholders‚ creditors and regulators. On the other hand managerial accounting reports are used by internal users and include officers and managers. In addition the type and the frequency of the reports differ; financial accounting have financial statements and quarterly and annually

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    CHAPTER 3 INTERNATIONAL CONVERGENCE OF FINANCIAL REPORTING Answers to Questions 1. The ultimate goal of both harmonization and convergence is to achieve international comparability in financial reporting‚ and both are processes that take place over time. However‚ while harmonization refers to the reduction of alternative accounting practices in different countries‚ convergence refers to the process of developing a set of high quality financial reporting standards for use internationally (the process

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    University of Phoenix Healthcare Delivery in the United States 11/19/2008 American Red Cross The American Red Cross is a non-profit organization. The American Red Cross was founded by Clara Barton in 1881—127 years ago. Clara Barton established the American Red Cross in Washington DC on May 21‚ 1881. She was the chief of this organization for twenty three years. The idea came to her after visiting Europe and witnessing how the interactions were with the Swiss-International Red Cross

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    Chisnel‚ P.‚ (2001)‚’ Fair value accounting-an industry view’‚ Balance Sheet‚ 9‚ no 1: 27-33. ‚ accessed 05/11/2009. Cosserat‚ G. W.‚ (2008)‚ Modern Auditing‚ 2nd edn‚ Chichester‚ John Wiley & Sons. Elliot‚ B. & Elliot‚ J.‚ (2009)‚ Financial Accounting And Reporting‚ 13th edn‚ Harlow‚ Pearson Education Ltd. Ernest & Young.‚ (2009)‚ International GAAP 2009‚ Chichester‚ John Wiley & Sons. Friedman‚ T.‚ et al‚ (2008)‚’SEC holds round-table on fair value accounting and auditing standards’‚ Journal

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    While both the article by Thompson (2011) and the report by Pullen (2001) share similarities and report on the same incident‚ the styles of the two articles differ greatly. Thompson uses dramatic phrases such as‚ “Boom! Boom! Just like that” (Thompson‚ 2011)‚ to pique the interest of the reader. Similarly‚ Pullen makes use of emotionally loaded words like “flung” and “distraught” while reporting on the involvement of the Army Reserve Forces in the rescue operations following 9/11. This demonstrates

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    calculations automatically and to change single number and update all related numbers at the click of a mouse. As one of the most popular financial software‚ spreadsheet is widely applied in areas such as accounting‚ finance‚ marketing‚ taxation‚ engineering‚ educational‚ scientific and medical fields (Ballantine‚ 1991). In 2004‚ SimCorp USA Inc and the Financial Executives Consulting Group found that about 64 percent of domestic companies depend on spreadsheet. Many authors view spreadsheet as a very

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    Penny Stocks vs. Options: The similarities and the differences By SEC‚ the meaning of penny stocks is given as the following. The expression "penny stocks" for the most part alludes to a security issued by a little organization that exchanges at under $5 per offer. Penny stocks‚ for the most part‚ are cited over-the-counter‚ for example‚ on the OTC Bulletin Board (which is an office of FINRA) or OTC Link LLC (which is possessed by OTC Markets Group‚ Inc.‚ earlier known as Pink OTC Markets Inc.);

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    Although the IASB and FASB have been striving since 2002 to achieve convergence‚ there are still many differences between the two. These differences range from revenue recognition to the matter in which the organizations receive funding. Under the IASB‚ the accrual method is the only preferred way of recognizing revenue and expenses. While FASB accepts cash basis and accrual basis; cash basis is only accepted if cash sales are less than $5 million per year. When it comes to generating funds the IASB

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    Non Profit vs. for Profit

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    Nonprofit versus For-Profit Healthcare and Organizations Abstract This paper explores articles and research conducted on nonprofit versus For-Profit Healthcare and Organizations. There are three types of entities that own hospitals‚ which are: nonprofit‚ for-profit‚ and government. However‚ it can’t be determined if they specialize in different medical services or how their service profits affect certain specializations. More than likely‚ the for-profits offer profitable medical services that

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    Description The Orycteropus afer‚ otherwise known as the aardvark‚ is an animal that is roughly pig-like in appearance‚ not too short or tall‚ with very strong features. The aardvark’s body has bilateral symmetry‚ meaning it can be divided into two parts that are symmetrical. They are medium sized standing at about 24 inches at the shoulder. Aardvark’s have body sizes ranging from about 43 to 53 in. with tail sizes ranging from 21 to 26 inches. While their height and length may not be too

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