423 Accounting Theory & Practice TOPIC 5: ACCOUNTING STANDARD SETTING Chapter 7 SHD Learning Outcomes At the At the end of this lecture‚ students should be able to explain: ✓ The three theories proposed to understand the process of regulation – public interest‚ regulatory capture and private-interest theory ✓ a comparison of the free market and regulatory approaches to standard setting ✓ International standard setting ✓ Standard setting in Malaysia Introduction • Since 1960s‚
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Proficiency Standards There are proficiency standards that English Language Learners are expected to meet in order to acquire the appropriate English language skills. Students will need to master those standards in order to be successful and productive in their educational‚ professional‚ and personal lives. Those standards will help and enable students to be able to understand the language and how words and phrases are put together and how the meanings of sentences and phrases can change. My English
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Standard 1: understand the principles and values essential for working with children and young people a. Think of a particular situation when you were able to treat children‚ young people‚ their families and their carers with respect. b. Now think of another situation when you were able to treat children‚ young people‚ their families and their carers as equals We had an occasion when a YP was asking me to take her to her grandparents’ house to collect some items that she had left there a couple of
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Standard Issues: AICPA The American Institute of Certified Public Accountants has created a code of professional conduct that all certified public accountants must follow. This code of conduct lists the responsibilities CPAs have when working with a company ’s financial information. The AICPA also includes information regarding the integrity‚ objectivity‚ independence and due care that CPAs must use when working in the accounting industry. The AICPA offers an ethics course for accountants to refresh
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Hunter Tipton Mr. Aaron Gottbrath English IV Final Paper May 1‚ 2012 The BBCOR Standard There are mixed reactions to the acronym BBCOR in the baseball community. If someone would be to ask a pitcher what they thought about the BBCOR bats‚ many would say that they love the new bats. If someone were to ask someone that is a batter‚ they more than likely would say that they don’t like the new bats. There are those that look strictly on the statistics and say that the new bats are great because
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Qingjing Xu Econ 1320 Instructor McDermott 01/14/2012 The Gold Standard The gold standard‚ a monetary system‚ directly links a currency’s value to that of gold. For the country that on the gold standard‚ if they want to increase the amount of money‚ they have to expand its gold reserves as a condition. Because the supply for global gold grows only slowly‚ it becomes an effective way to prevent the government overspending and create inflation.
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Energy audit An energy audit is an inspection‚ survey and analysis of energy flows in a building‚ process or system with the objective of understanding the energy dynamics of the system under study. Typically an energy audit is conducted to seek opportunities to reduce the amount of energy input into the system without negatively affecting the output(s). When the object of study is an occupied building then reducing energy consumption while maintaining or improving human comfort‚ health and safety
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discussions to converge U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)‚ some proposals to change revenue recognition have been discussed. The following will discuss revenue recognition as it stands under U.S. GAAP and IFRS‚ as well as proposed changes to the revenue recognition principle. Revenue Recognition under U.S. GAAP Staff Accounting Bulletin‚ Topic 13 states‚ “The staff believes that revenue generally is realized or realizable
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In my opinion‚ national income is a good indicator to measure the standard of living. The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and input for a given country’s economy GDP is the total market value of all final goods and services produced within a country in a given period of time. GDP is the best single measure of the economic well-being of a society. GDP per person tells us the income and expenditure of the average person in the economy
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Standard deviation can be difficult to interpret as a single number on its own. Basically‚ a small standard deviation means that the values in a statistical data set are close to the mean of the data set‚ on average‚ and a large standard deviation means that the values in the data set are farther away from the mean‚ on average. The standard deviation measures how concentrated the data are around the mean; the more concentrated‚ the smaller the standard deviation. A small standard deviation can
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