My first time experience I remember when I went scuba diving for the first time. It was the summer of 2002. My Dad‚ his two friends Mark and Bob‚ and I went on a scuba diving trip to San Carlos‚ Mexico with a group of scuba divers from June 21st-29th. It was June 22nd‚ a beautiful day. The temperature was at about 90 degrees and it was very sunny. I was on big nice scuba diving boat along with the other eight divers on the trip and captain and co-captain. The boat was headed to an island about
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09/4/2012 Narrative Paragraph MY FIRST TIME ON AN AIRPLANE I was very excited to fly on an airplane. I asked people who had traveled on an airplane before lots of questions about traveling. I had never traveled on an airplane before‚ so I was a little nervous. Everyone I knew who had flown on an airplane told me that they liked it‚ I would like it too‚ it wasn’t scary‚ so I would be fine. That was a little comforting to hear. I was all packed and ready.
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are some of the key differences between IFRS and U.S. GAAP? The International Financial Reporting Standards (IFRS) - the accounting standard used in more than 110 countries - has some key differences from the U.S. Generally Accepted Accounting Principles (GAAP). At the conceptually level‚ IFRS is considered more of a "principles based" accounting standard in contrast to U.S. GAAP which is considered more "rules based." By being more "principles based"‚ IFRS‚ arguably‚ represents and captures the
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1. According to U.S. GAAP‚ revaluation is not permitted for all types of intangible assets. Under IFRS‚ revaluation to the fair value of intangible assets other than goodwill is an allowable alternative treatment. This is a good difference between U.S. GAAP and IFRS. Sometimes‚ intangible assets do change rapidly over time. For example‚ a trademark may not be noteworthy at the transaction. However‚ as the company becomes larger and larger‚ the underlying value of the trademark would increase significantly
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My first Experience In a Mosque In this research‚ I am going to explain an experience that I encounter. What was like to be inside a mosque? I went to The Islamic Center of Passaic on Sunday 10/7/12 at 7:00 AM‚ the Sufi mosque is located in 152 Derrom Ave in Paterson‚ NJ. To start my research first‚ I went to the mosque in person and of course I needed their permission‚ so I spoke with Inman Mohammad Qatanani‚ which I thank him so much for letting me have the experience. I told the Inman my reason
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Comparison of reporting discrepancies between IFRS and GAAP Kaci Amon‚ Poonam Aujla‚ Daniel Aurora‚ Yuanyan Fang‚ Mark Gonzalez Accounting 306 C1 Professor Xuhong Luo August 12‚ 2012 Executive Summary The generally accepted accounting principal (GAAP) and international financial reporting standard (IFRS) are standards governing how economic events are reported. In the United States‚ the Securities and Exchange Commission (SEC) relies on the FASB‚ the accounting standard-setting body of
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EUROPEAN STUDIES FIAT: A TROUBLED EUROPEAN CAR GIANT GROUP 3: 1 Q1: What are the underlying problems facing Fiat’s car division? The performance of Fiat – the Italian vehicle manufacturer – has fluctuated drastically between its founding in 1899 and
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The 2009 Chrysler-Fiat Strategic Alliance Christopher McCarthy 3/11/13 Table of Contents Introduction.............................................................................................................................3 Summary of the Strategic Alliance................................................................................ .........4 Positives/Negatives........................................................
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IFRS vs. GAAP Teddrick Smith ACC/ 291 Professor Marlo October 27‚ 2014 IFRS vs. GAAP In the world of finance recording‚ reporting‚ and responsibility for both are a few of the most important standards to uphold. These ideas or standards are recognized throughout the business world as a necessity to doing business properly. There are two groups or associations that have set up an all-inclusive list of these standards. They are Generally Accepted Accounting Principles (GAAP) and the
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MGT 6030 IFRS vs. US GAAP assignment In this assignment‚ I will talk about four ways in which financial reporting can differ between US GAAP and IFRS. The first issue is the way in which inventory is carried from period to period. Another is the revaluation of Property‚ Plant‚ and Equipment‚ which is allowed under IFRS. US GAAP does not allow such flexibility. The next difference I found interesting was that US GAAP has specific guidelines surrounding when to expense Advertising Costs. Given how
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