file forms with the U.S. Securities and Exchange Commission (the "SEC"). Everyone can go to search Edgar for company filling on www.sec.gov. All public domestic companies were required to submit their filings via EDGAR‚ except for hardcopy paper filings‚ which were allowed under a hardship exemption. Third-party filings with respect to these companies‚ such as tender offers and Schedule 13D filings are also filed via EDGAR. SEC also required all foreign companies and foreign governments to file
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at lower-of-cost or-market. FASB ASC CITATION: Adjustments to Lower of Cost or Market 330-10-35-1 A departure from the cost basis of pricing the inventory is required when the utility of the goods is no longer as great as their cost. Where there is evidence that the utility of goods‚ in their disposal in the ordinary course of business‚ will be less than cost‚ whether due to physical deterioration‚ obsolescence‚ changes in price levels‚ or other causes‚ the difference shall be recognized as a loss
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are “7” members for the FASB and they function as full time along with being obligated to break their links to firms and institutions that they have been affiliated with in previous time frames. This is all prior to them linking up as board members for the FASB‚ 2014. The present executive members are Golden‚ Kroeker‚ Buck Linsmeier‚ Schroeder‚ Siegel and Smith. 1. Golden started his duration as the 7th chairman of the FASB as of 7/1/2013. He began his duties to the FASB back in 2010. At that
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product/service‚ customer‚ channel‚ competitive advantage)‚ operational driver‚ (cost‚ revenue‚ growth)‚ people and organizational driver (structure‚ skill‚ capability)‚ SWOP analysis and GAP analysis Product/market development Strategic development Vision: SEC aims to act as an agency that was high functioning‚ agile and intelligent‚ and committed to investor protection and market integrity‚ which is really critical to the success of economy. Mission: Restoring SEC’s vigour and credibility within the financial
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To: FASB / IASB From: Billy Leigh Re: Proposed Changes to Financial Statement Presentation Dear Members of IASB / FASB‚ As I understand it‚ the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) are proposing a joint venture to change the presentation of financial statements. I appreciate the opportunity to comment on the proposed changes. It is in my humble opinion that the current requirements for financial statement presentation
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SEC Classification The SEC Classification the classification of Indian consumers on the basis of parameters. Traditionally the two parameters used to categorize consumers were: Occupation and Education of the chief wage earner (Head) of the households.The SEC classification‚created in 1988‚ was ratified by Market Research Society of India (MRSI)‚ is used by most media researchers and brand managers to understand the Indian consuming class.Originally developed by IMRB International as a way of understanding
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The FASB is a private and not for-profit organizations and their primary goal is to establish and improve generally accepted accounting principles in the public’s interest. FASB established in 1973 and it’s starts giving the financial solutions for public and private companies and non-profit organizations. FASB is responsible for setting accounting standards for public‚ private companies and organizations. There are currently seven members’ who are at the top position of this organization. The magazines
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Physical Security SEC/410 August 12‚ 2013 Physical Security It is important for all organizations to have physical security. Physical security protects the organization in every way. Every individual needs to be aware of the importance of physical security. Not only is important for the individual to be aware of the importance physical security has in an organization but to be able to understand how physical security works within the organization. In this paper the writer will be describing
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to convergence between GASB and IASB is accounting for Financial Instruments. The financial crisis of 2008 had devastating consequences for the financial markets everywhere. Blame was widely spread and both IASB and GASB considered making changes in the accounting of financial instruments‚ particularly the delayed recognition of credit losses on loans. FASB and IASB began working together‚ but found irreconcilable differences in their solutions to this problem. Their main differences involved classification
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head: GASB AND FASB ANALYSIS PAPER Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper Mandy Diaz University of Phoenix Marie Romero ACC 460 / Government and Non-Profit Accounting March 30‚ 2010 Governmental Accounting Standards Board and Financial Accounting Standards Board This paper will be aimed at comparing and contrasting governmental (GASB) which is Governmental Accounting Standards Board and proprietary (FASB) which is Financial
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