"Gaap is the term used to indicate the whole body of fasb authoritative literature" Essays and Research Papers

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    FASB Codification/ARO Case 1. According to FASB the asset retirement obligation should be recorded in the period in which the liability meets FASB’s definition of a “probable future sacrifice of economic benefits arising from a present obligation‚” and in which its amount can be reasonably measured. Uncertainty with respect to the timing or method of settlement that is conditional on future occurrences does not affect the recognition of the liability but may be factored into its measurement.

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    that revenue recognition is one of the most difficult issues that standard-setters and accountants have to deal with (FASB‚ 2002). There exist a variety of reasons for the emergence of the IASB-FASB joint project on revenue recognition. The most essential reason is‚ as stated in the exposure‚ that revenue recognition requirements in US Generally Accepted Accounting Principles (GAAP) differ from those in International Financial Reporting Standards (IFRS). Opponents of the IASB’s preferred single comprehensive

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    1. What are the three classifications of net assets established by FASB Statement 117?   2. How are these net assets affected by the existence or absence of donor-imposed restrictions?   3. How are releases of these net assets accomplished? 1. The three classifications of net assets established by FASB Statement 117 are: unrestricted assets‚ temporarily restricted assets‚ and permanently restricted assets. 2. The existence or absence of donor-imposed restrictions play a large part in how assets

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    Us Gaap Case Summary

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    under U.S. GAAP‚ include calculations‚ etc. + Pass off to Kathy/Chelsea to talk about Need space case. * Under US GAAP ASC 840-30 it would be treated as a capital lease * Lease term is> 75% of economic life * P.V. of MLP is > 90% of FMV of leased property * Record the asset and obligation at PV of MLP (ASC 840-30-30-1) * Depreciation- ASC 840-30-35-1 (a) and (b) gives guidance on how to depreciate when ownership transfers or not Under U.S. GAAP many things

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    The Whole Child

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    M.A HASSAN A DISCUSSION OF THE CONCEPT OF THE ‘WHOLE CHILD ’ IN CONTEXT AND THE RELEVANCE OF MUSIC EDUCATION IN ITS DEVELOPMENT The General concept of the whole child has been a topic of debate for far longer than the existences of a national curriculum. Some of the earliest examination into the concept of the best overall approaches to the education of the whole child stem from the work of Johann Heinrich Pestalozzi (1746 - 1827)‚ a Swiss teacher and educational reformer whose compassion for

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    Meaning of Technical Terms Used in Skateboarding Tricks by Made Ari Sukmayanti (2011). Her study focused on the technical terms used in skateboarding tricks and the meaning of the technical terms in skateboarding tricks. Documentation method in collecting the data and qualitative descriptive method in analyzing the data are used in his study. The theory of the types of meaning by Lyons (1996) was used in that study. The result of her study was that there were many technical terms used in skateboarding

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    Indicate the prevalence of exceptionalities in society The prevalence of giftedness and talented in our Jamaican children is indeed rare to Jamaican society. Not every day a gifted and talented child is born. But when they do they are highly recognized by the government‚ hence‚ the media will track their progress for a period of time. For example the accomplishments of 10-year-old Gianluca Webster‚ a grade five student of Old Harbour Primary School who earned a grade one in Human and Social

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    to report under Canadian GAAP and instead use IFRS. This paper discusses three accounting topics to compare Canadian GAAP with IFRS. The three topics cover (1) conceptual framework‚ (2) property‚ plant and equipment‚ and (3) financial statement presentation. Conceptual Framework Both IFRS and Canadian GAAP are based on similar conceptual frameworks. Many of the basic concepts in IFRS (e.g.‚ the going concern assumption‚ accrual accounting) are similar to Canadian GAAP. Many recognition and measurement

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    Participation and Voting Behaviour 1. Explain the term class dealignment used in the extract. (5 marks) Class dealignment can be described as the relationship between social class and voting behaviour weakening‚ meaning that the electorate are beginning to vote for political parties which are not generally associated with their social class. The extract quotes “In the 1960s‚ Peter Pulzer concluded that‚ ’class is the basis of British party politics.’” The 1970s showed how the electorate strongly

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    Definition of Terms HCS 533 July 18‚ 2011 Definition of Terms The health information systems environment is complex and unique. To understand how it works‚ it is important to important to understand the basics first. A good starting point will be to understand and define important terms commonly used in health care delivery. In this paper‚ the following terms will be examined: AMR‚ CMR‚ CMS‚ CMS-1500‚ CPT‚ DRG‚ EPR‚ HL7‚ ICD-9‚ and UB-92. AMR is the acronym for Automated Medical Record

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