Recognition: IFRS and FASB Convergence With the growth of international business there is a need to standardize financial statements globally. Presently there are “approximately 120 foreign private issuers currently that report to the Commission using IFRS financial statements.” By standardizing accounting practices investors will be able to make informed decisions based on comparability and accuracy of financial statements. The SEC released this statement in 2008‚ “We believe that IFRS has the
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sources‚ majority of which represent the laws and regulations issued by the Ministry of Finance ("MOF")‚ and‚ listed company disclosures issued by the China Securities Regulatory Commission ("CSRC"). | | 2. What is IFRS? | International Financial Reporting Standards ("IFRS")‚ often known the original International Accounting Standards ("IAS")‚ are a set of accounting standards. They are issued by the International Accounting Standards Board ("IASB")‚ an independent‚ international organization
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A Summary on Convergence of Voice and Data Phyllis Lotus Stevenson Grantham University A Summary on Convergence of Voice and Data As our community seeks after improved quality and technological advancements for their care‚ hospitals and clinics find themselves moving toward a change in the structure and goals that they must pursue to meet these demands. Joanne Cummings (2005) describes one such healthcare system in MetroHealth System whose "Convergence for critical care"
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Digital Convergence Suppose that you decide to launch a research project in response to this call for papers. Write a research paper that explores the relationship between digital systems and emergent competition. Describe‚ in detail‚ the relevant research problem your paper would study‚ the current state of knowledge in that area‚ the research methodology to be used‚ and the expected research findings and their significance. Digital Convergence: Can it deliver Competitive Advantage in Large Scale
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IFRS 13 Fair Value Measurement applies to IFRSs that require or permit fair value measurements or disclosures and provides a single IFRS framework for measuring fair value and requires disclosures about fair value measurement. The Standard defines fair value on the basis of an ’exit price’ notion and uses a ’fair value hierarchy’‚ which results in a market-based‚ rather than entity-specific‚ measurement. IFRS 13 was originally issued in May 2011 and applies to annual periods beginning on or after
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Benefits of Anchored Adaptable Convergence There are three types of accumulation an organisation can accomplish from a allied solution: alarm costs‚ basement and productivity. Savings delivered through convergence Although alarm amount accumulation are the easiest to measure‚ they accommodate the atomic calibration for savings. Added allowances can be acquired through basement efficiencies and productivity. Infrastructure accumulation are delivered through fixed-line backup strategies and blooming
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Intangibles and Impairment of Assets Learn | Consult | Research Intangibles • Identifiable non-monetary asset without physical substance • IAS 38 prescribes special criteria for an asset to be recognized as intangible asset • Tangible or intangible must meet the criteria of asset to be recognized – Controlled by entity as a result of past event – Probable future economic inflow (revenue or cost saving) Recognition • Must meet the definition of asset • Must meet criteria set by IAS
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Densie Keaton Social Networking Advantages and Disadvantages HLT 610 Grand Canyon University Finding the advantages and disadvantages of social networking for career advancement was to say the least interesting. The employment advancement with Social media in education can teach students marketing skills early on in the process. When using sites like Facebook‚ twitter‚ and Instagram individuals are able to send information about themselves out to millions of people. If that same person
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IFRS and US GAAP use different methods to classify intangible assets‚ which can lead to significant consequences when it comes to financial judgments. Most differences arise from IFRS being more flexible with allowing capitalization. Under US GAAP‚ all research and development is expensed once it happens. Under IFRS‚ development is capitalized. Also‚ according to Intermediate Accounting‚ “IFRS permits some capitalization of internally generated intangible assets” (Kieso‚ 712)‚ while “GAAP requires
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and shock‚ the author‚ Thomas Hardy‚ took the time to express his emotions in his poem. Many poetic devices including imagery‚ irony‚ personification‚ and metaphors were used to convey Hardy’s mockery and remorse on the event. In his poem‚ “The Convergence of the Twain‚” the narrator reflects on the unimaginable event that brought down one of the era’s mightiest and prestigious ships. In the first stanza‚ the writer describes the titanic as a symbol of socialization and freedom and is now “in a solitude
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