Craig Stroderd 9/27/11 Acct-461V GAAP vs. IFRS Over a decade ago‚ it was believed that the whole world would likely adopt the Generally Accepted Accounting Principles (GAAP). At the point in time‚ the International Financial reporting Standards (IFRS) was only about ten years old. In the last decade‚ the IFRS has been adopted in many growing countries. Currently‚ it is anticipated that the U.S. will converge its GAAP with the international IFRS‚ leaving behind only a modified IFRS. This
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[pic] ISTANBUL TECHNICAL UNIVERSITY MANAGEMENT FACULTY MANAGEMENT ENGINEERING PROGRAM ISL353E MARKETING “The Use of MIS as a Tool of Gathering Information and Making Decisions for FMCG Sector” Group 9 Hande GÜLÇİN Neşve HACIOĞLU Raşit KARANFİL Nebi Şahin YÜZER Efe BERBER INDEX 1. LITERATURE REVIEW 1.1. Introduction 1.2. Marketing Information and Customer Insights 1.3. Assessing Marketing Information Needs 1.4. Developing Marketing
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are things like R&D and advertising costs. Inventory Costs Under IFRS‚ the last-in‚ first-out (LIFO) method for accounting for inventory costs is not allowed. Under U.S. GAAP‚ either LIFO or first-in‚ first-out (FIFO) inventory estimates can be used. The move to a single method of inventory costing could lead to enhanced comparability between countries‚ and remove the need for analysts to adjust LIFO inventories in their comparison analysis. Write Downs Under IFRS‚ if inventory is written down
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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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IFRS vs. GAAP W2 Accounting 561 In the past‚ each country developed its own respective accounting standards and implemented them on a national scale. As the global economy emerged‚ markets converged and accounting systems became more dynamic and were made consubstantial in order to support off-shore business operations and alliances with foreign brands. In recent history‚ the US has made its accounting principles more congruent with that of the IFRS. One of the outstanding differences between
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Emerging Consumer Trends and their Future Impact on FMCG Industry Released On 13th November 2014 Summary “Emerging Consumer Trends and their Future Impact on FMCG Industry” is a new report that globally analyzes the prominence of key trends for consumer behavior‚ organization business strategy‚ and industry dynamics over the next three years. This report also examines executive opinions about the steps or activities planned by organizations over the next three years to improve customer satisfaction
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PepsiCo vs. Coca-Cola – A Financial Comparison June 13‚ 2007 AC550 May 2007 Executive Summary The purpose of this comparative analysis is to provide a summary of financial and accounting information to a potential investor who is looking to invest in either Coca-Cola or PepsiCo. This research will cover some facts from the financial statements of both companies for the year of 2004. There are many factors to review when comparing these two companies. They are two of the top manufacturers
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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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What industry are the companies in? Nike; one of the most well known companies across the globe today is most known for being the world’s #1 shoemaker. They design and sell shoes for a variety of sports including baseball‚ golf‚ tennis and football. Nike also sells dress and casual shoes as well as athletic apparel and equipment for almost every sport imaginable. In addition Nike also operates NIKETOWN shoe and sportswear stores‚ factory outlets along with Nike women shops. One of Nike’s biggest
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Rural Consumer Behavior with Regard to Selected FMCGs Consumption Patterns and Brand Usage: A Study A Sarangapani* and T Mamatha** Marketing of FMCGs (Fast Moving Consumer Goods) plays a pivotal role in the growth and development of a country irrespective of the size‚ population and the concepts which are so interlinked that‚ in the absence of one‚ the other virtually cannot survive. It is a fact that the development of FMCG marketing has always kept pace with the economic growth of the country
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