US GAAP and IFRS Convergence: Why It Shouldn’t Happen Kaplan University AC551 – 01N Professor Sandra Gates May 25‚ 2014 US GAAP and IFRS Convergence: Why It Shouldn’t Happen Introduction With the boom in technological advances‚ the world is becoming smaller. These advances have fostered the growth of an increasingly global economy. In turn‚ worldwide economic intermingling brings with it the need for a universal language of accounting. Doubtless‚ this endeavor would prove
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University of Phoenix Material Media Convergence Worksheet Write brief 250- to 300-word answers to each of the following: |Questions |Answers | |What is meant by the term media | The term media convergence describes the way that the different forms of media have all | |convergence with regard to technology‚ |evolved to the point where they can be accessed from one source
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March 2012 International Accounting Standards Board A Guide to the IFRS for SMEs What is the IFRS for SMEs? The International Financial Reporting Standard (IFRS) for Small and Medium-sized Entities (SMEs) is a set of high quality financial reporting principles that is tailored for the capabilities of smaller businesses and for the needs of those who use small company financial statements. A global standard for SMEs The IFRS for SMEs is a self-contained‚ globally recognised‚ standard of 230 pages
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reporting standards (IFRS) by corporate entities in Ghana and focuses on a selected Bank in Ghana. The problem of the study is that‚ adopting IFRS may present certain challenges such as lack of implementation guidance and costly nature of implementation‚ etc‚ despite the benefits to be enjoyed. Also‚ financial statement figures in the comparative information required by IFRS 1 may change due to recognition and recognition of certain items. The impact research analyzes the impact of IFRS on the financial
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INTERTROPICAL CONVERGENCE ZONE The Intertropical Convergence Zone (ITCZ) is the area encircling the earth near the equator where winds originating in the northern and southern hemispheres come together. Consequences of the ITCZ’s movement are the "monsoon seasons" that affect areas in the tropics‚ as well as the formation of tropical storms during the local hemispheric summer (north or south of the equator). Navigators in the age of sail learned to utilize the "trade winds" that blow to the east
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Some would consider Jackson Pollock ’s "Convergence" an arbitrary composition of paint‚ I consider it a piece of fine art. The Merriam-Webster dictionary defines Fine art as "art (as painting‚ sculpture‚ or music) concerned primarily with the creation of beautiful objects" and "an activity requiring a fine skill". "Convergence" embodies fine art. While other artists limit themselves to conventional works‚ Pollack ’s "Convergence" is gigantic. Created in 1952‚ it is oil on canvas‚ and is 93.5 inches
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U.S GAAP to IFRS Myechia McFadden Kaplan University I am for U.S. Gaap to change to IFRS. The main reason why I think this change should be made is because IFRS is global. The US GAAP is only good for the U.S. There are a few others reasons why I think this change should be made. U.S. GAAP (Generally Accepted Accounting Principles) is useful to present to potential investors and creditors and other users in making rational investment‚ credit and other financial decisions. The U.S GAAP has
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THE CONVERGENCE OF MARXISM AND CHRISTIANITY: IMPLICATIONS FOR PHILIPPINE DEMOCRACY by Victor Aguilan‚ Th. D. Silliman University Divinity School Paper presented to the 35TH PHAVISMINDA CONFERENCE Xavier University – Ateneo de Cagayan May 24 – 26‚ 2012 In the struggle for Philippine democracy‚ two sectors have played a vital role: Christians and Marxists. During the Marcos dictatorship‚ the Communists led an armed opposition against the dictatorship with the objective of establishing a national
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SYMBOLIC CONVERGENCE THEORY Symbolic convergence theory (SCT) is a general communication theory that offers an explanation for the appearance of a groups cohesiveness‚ consisting of shared emotions‚ motives‚ and meanings. Symbolic convergence theory provides a description of the dynamic tendencies within systems of social interaction that cause communicative practices and forms to evolve. This theory allows theorists and practitioners to anticipate or predict what will happen and explain what
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IFRS vs U.S. GAAP Victoria Harris American Public University Acct 610 There are two sets of accounting standards that are used worldwide. One is the International Financial Reporting Standards (IFRS) and the U.S. Generally Accepted Accounting Principles (GAAP). There is a huge desire for there to one set of accounting standards worldwide with the increase of companies performing business in many different countries and global expansion. The International Financial Reporting Standards are issued
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