The Similarity and Difference between FASB & GASB Financial Reporting Saintania Bien-Aime Governmental/ Institutional Accounting: ACG4501 Keiser University April 15‚ 2012 Abstract The accounting and financial reporting standards are one of the source that profit businesses and governmental not-for-profit organizations‚ which has been created by the Accounting standards Board (FASB). However‚ accounting and financial reporting standards that apply for state and local governments in America
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Advantages and Disadvantages of Outsourcing Outsourcing is an allocation of specific business processes to a specialist external service provider. Most of the times an organization cannot handle all aspects of a business process internally. Additionally some processes are temporary and the organization does not intend to hire in-house professionals to perform the tasks. Once the task is outsourced to the service provider‚ he will take the responsibility of carrying out the tasks and maintaining
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Advantages and disadvantages of technology? * 5 years ago * Report Abuse Zwun Best Answer - Chosen by Voters advantages- 1.made mundane things faster(paying bills‚ writing letters etc) 2.easier- like u asking a question and just waiting fer d ans :) 3. enabled us to explain previously unexplained things ( like what is matter made up of ‚etc) 4. made organization‚ co ordination more feasible on a larger scale 5. is helping us evolve faster(mentally) 6. Has given us the
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The Disadvantages of Homeschooling Homeschooling is when students are educated at home by parents or tutors rather than attending public or private school. Many parents home school their children to keep them sheltered from the environment and the world. I believe homeschooling should only be an option in extreme situations because there are numerous disadvantages. The three major disadvantages are the lack of resources‚ the lack of patience from parents‚ and the lack of socialization with peers
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Advantages and Disadvantages of Collaborations Katrina Artis‚ Douglas Dixon‚ Elonto Hernandez University Of Phoenix IT ORGANIZATIONAL BEHAVIOR CMGT/530 Shelley Pumphrey January 25‚ 2010 Advantages and Disadvantages of Collaborations Collaboration happens when two or more people join forces and work together to achieve a goal. People offer their knowledge‚ abilities‚ and skills to help each other. Teams are an excellent example of collaboration. Working in teams has become a trend in
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Body cameras are a highly debated topic and depending on what side of the fence that you are‚ there are valid advantages and disadvantages to them. An advantage that law enforcement personnel feel that the use of body cameras brings is that “respondents are less likely to use violence” (Baum‚ 2015). This is also an advantage for law enforcement administrators because that means less use-of-force investigations and that leads to less negative publicity as well as lawsuits. The public’s perspective
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Spain Received 13 February 2009 Abstract After adoption of International Financial Reporting Standards (IFRS) for consolidated financial statements by European-listed companies‚ a number of European countries still require the use of local standards in the preparation of legal entity financial statements. This study investigates whether this requirement can be explained by a low demand for high-quality financial reporting and an orientation of accounting toward the fulfilment of regulatory needs in these
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As what I understand about how Science and Technology affects our lives‚ That there are advantages and disadvantages. The Advantages are‚ it makes our lives simple by using equipment that can easily finish and do well the work or job. We can save more time and energy so that we can perform and do our other job. We can now easily communicate our relatives by using cellphone and internet‚ it can connect us even they are in the other part of the world and then with digital camera‚ we can see them
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Reporting Practices and Ethics HCS 405 May 07‚ 2012 Reporting Practices and Ethics Ethical standards and reporting practices are incorporated into the financial reporting and management of health care. Reporting financial data fairly and factually is quintessential to this. Responsible financial planning can prevent capital loss through investments‚ employees‚ and customers. Financial reporting offers assistance in calculating: amounts‚ cash flow‚ timing‚ and other data essential to organizational
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* You can also get a very good speaker or host in your seminar * You can decide how many audience you are going to invite‚ and what your target market are. * You also have a lot of time to expand your prospective list. DISADVANTAGE * The disadvantage of this longer preparation is that there is a tendency that you are going to change everything of what you have planned earlier‚ because of changing of your plan every day to make your seminar beautiful until the day will come. ADVANTAGE
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