to google.com (web definitions) Accounting Standards can be defined as a set of rules governing how accounts are drawn up. Would there be more positive effects than negative if a country develops its own accounting standards? I totally disagree with this statement‚ instead should be read‚ ‘A country should ‘NOT’ develop its own accounting standards’. To support my statement I will substantiate on five points stating why there is one accounting standards for everyone to follow; these include:
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Separate private company accounting standards With the development of world economy‚ U.S.GAAP becomes more and more complex to meet public companies’ needs. Private companies cost a great fortune to compliance with U.S.GAAP. So‚ setting public-private accounting standards is a different issue debated for decades. it goes without saying that setting new separate accounting standards have its advantages and disadvantages. Background In USA‚ there are a large number of nonpublic companies‚ much more than
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Accounting Standards Board Dawn Becker University of Phoenix- ACC440 Mike Raponi September 5‚ 2005 International Accounting Standards Board History "The International Accounting Standards Board (IASB) was preceded by the Board of the International Accounting Standards Committee (IASC)‚ which operated from 1973 until 2001." http://www.lasb.org/about/history.asp . The International Accounting Standards Board (IASB) was founded on April 1‚ 2001. Its role is to encourage companies nationwide
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Risk Assessment Standards Toolkit Practical Guidance in Implementing SFAS 104 – 111 Risk Assessment Standards Toolkit Practical Guidance in Implementing Statements on Auditing Standards 104 Through 111 About the Authors Brian R. Archambeault is an executive in the South Bend‚ Indiana‚ office of Crowe Horwath LLP’s Higher Education Assurance Services Practice. Brian has written a number of articles and white papers on technical standards affecting the not-for-profit and higher education
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Fair Labor Standards Act Overview The Fair Labor Standards Act of 1938‚ as amended is also referred to as "the Act" or "FLSA". The Act provides for minimum standards for both wages and overtime entitlement‚ and spells out administrative procedures by which covered work time must be compensated. FLSA also include provisions related to child labor‚ equal pay‚ and portal-to-portal activities. A general overview of FLSA is that it establishes minimum wage‚ overtime pay‚ recordkeeping‚ and child
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Laws for the Improvement in Educational Standards “No Child Left Behind is an excellent sword that we can use to open doors for the children we represent” (Wright‚ Attorney at Law). Peter Wright is an attorney who specializes in cases surrounding children with Special Educational needs. When he made this statement‚ he was referring to a law that President George W. Bush’s administration passed in 2001. No Child Left Behind (NCLB) is a law that requires states to assess the basic skills for children
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In Homers The Odyssey there is a clear double standard in the roles of women and men. There is an obvious distinction between what women and men are allowed to do‚ the men can easily get away with actions that are deemed inappropriate and unsuitable for women. Penelope‚ calypso and Athena are examples of extremely intelligent women that are looked down upon based on their gender. The women cleverness is mistaken for being seductress and conniving because women are not supposed to be as tough and
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It is my personal belief‚ that a child should be considered a person once the child has reached the third trimester of development. Although Canadian standards do not recognize a child as an actual person until they are birthed‚ there should be certain safeguards in place in order to protect the child‚ despite the fact that they have not yet been born. I am aware that there are certain provisions in place to protect unborn children‚ but a child that has reached the third trimester of development
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Key Strategy Analysis: Standard Chartered Bank HW1: 574 Key Dimensions of Modern Strategy By Amod Kumar 2012 Fall Table of Contents Brief Summary ..............................................................................................................................................3 Mission Statement.........................................................................................................................................3 Corporate governance ...........................
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also like to know the following: a. Using descriptive statistics to summarize the data from the two studies‚ what are your preliminary observations about the depression scores? b. Using ANOVA on both data sets‚ what is the hypotheses being tested in both cases? What are your conclusions? c. Use inferences about individual treatment means where appropriate. What are your conclusions? d. Discuss extensions of this study or other analyses that you feel might be helpful III. DESCRIPTIVE
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