Needs of IFRS Education in India Prepared By Dr. Atul Bansal‚ Principal ‚M.Com.‚ LL.B.‚ PM&IR‚ M.B.A (Fin.)‚ Ph.D.‚ MIAA‚ MICA C.Z.Patel College of Business and Management (S.P.University )‚ Vallabh Vidya Nagar – 388120. Distt. Anand ( GUJARAT) Mobile : 09377023808 Fax : 02692-236700 e.mail : dr.atulbansal@gmail.com Introduction “In the age of globalization India insulates itself from development taking place worldwide and it is imperative for us to make a formal strategy for
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Italian Immigrants During the time period from 1880 to 1920‚ millions of people from around the world made the decision to immigrate to America. Specifically the Italian that immigrated to the United States came from Southern Italy. Roughly 5 million immigrates arrived at Ellis Island during the time period of 1880 to 1920. The original homes of these Southern Italians was economically depressed and predominantly agricultural in comparison to the Northern Italian’s home‚ which were prosperous
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American Greetings Corporation IFRS Implementation Property‚ Plant‚ and Equipment is the largest asset account for American Greetings‚ with a 2011 net balance of $241‚649‚000. American Greetings carries its property‚ plant and equipment at cost. Depreciation and amortization of buildings‚ equipment and fixtures are computed principally by the straight-line method over the useful lives of the various assets. The cost of buildings is depreciated over 40 years; computer hardware and software over
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create a new era of time. Italy was in a great location on the map and easy sea trade routes. In the city-states area had easy water and land access‚ were prime spots located in Europe‚ and the people would benefited from a system of roads that remained from the Roman Empire army. Italian city-states conducted their own trade like silk‚ ships and iron work‚ collected their own taxes‚
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IFRS – One World One Accounting Introduction to IFRS Currently‚ more than 100 countries requires or adopt IFRS and it is expected that by 2012‚ more than 150 countries will adopt IFRS. India has also taken the step towards convergence of Indian Accounting Standards with IFRS. This article details the need for harmonization of local GAAP with IFRS‚ challenges for Corporate India etc. 1. Importance of Accounting Standards 2. Accounting Standards Across the world 3. Need of Harmonization
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GAAP and Economic Consequences a) The “due process” procedure includes consultations from financial analysts‚ accountants‚ stock exchanges‚ FASB members and other users. Thereafter‚ the Board issues an Exposure Draft based upon the meetings and consultations held earlier. The Board calls for public recommendations and discussions on the Draft‚ after analysis of which the final standard is issued. b) The term “economic consequences” signifies the adverse impact on the economy and on businesses of
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IFNS 401‚ FACC412‚ FACC 403 and FINREP 411: 2009 Mod 1‚ SUPP QUESTION 1 (25 marks) The following trial balance for the year ended 31 December 2008 of Smart Limited is presented to you: | Debit/ (Credit) | | R | | | Preference share capital | ( 40 000 ) | Ordinary share capital | ( 200 000 ) | Share premium | ( 63 000 ) | Non-distributable reserve | ( 90 000 ) | Retained earnings (31/12/2007) | ( 221 000 ) | Land | 320 000 | Office
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United States to adopt IFRS. Do you think it is likely that the United States will embrace IFRS in the near term‚ and what do you think are the some of the factors that might discourage the country from adopting IFRS? Well‚ I think United States will not embrace IFRS in the near future as United States are now reliance on the accounting standards issue by the FASB rather than on the standards issued by the IASB. Unlike many countries‚ United States has not yet adopts the IFRS. Besides‚ the United
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Advertisement Analysis: Official Fiat 500 USA Commercial “Immigrants” Advertisements in the form of TV or online video commercials have become an important marketing tool for companies aiming to target large audiences in the last half-century. Today‚ TV and online video commercials are considered to be amongst the easiest and most effectual ways to approach large audiences at the same time to advertise companies‚ services or new products. In this report‚ the Official Fiat 500 USA Commercial “Immigrants”
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How the Italian culture has influenced the United States Italian culture is ever present in today’s modern America. From the trending name brands that people obsess over to gourmet dishes served around the country to the countless aspiring artists who gathered inspiration from the one of the most artistic countries in the world‚ Italian culture has had a profound effect on America. Italian Americans are the fourth largest ethnic group of European origin but their visibility and impact on popular
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