distributed by BDO Seidman‚ LLP to help our clients anticipate and respond to questions that may arise in connection with the implementation of FASB Statement No. 123 (Revised 2004)‚ Share-Based Payment. Contents: What is the scope of Statement 123(R)? What plans does it cover?...............................3 Is the plan compensatory for financial accounting purposes? .....................................3 Does the plan create equity interests or liabilities? ................................
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standard setting process of FASB and IASB Date: February 10‚ 2011 ____________________________________________________________ ______ Dear Ms.Albright‚ The FASB (Financial Accounting Standards Board) and IASB (International Accounting Standards Board) are making progress towards convergence in setting better accounting standards. However‚ there exist some differences between their standard setting processes. After weighing the pros and cons‚ I suggest that FASB standard setting approach would
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Assignment #3 - Arthur Anderson: Questionable Accounting Practices February 11‚ 2013 Ethics And Advocacy For Hr Pro- HRM 522 Assignment #3 - Arthur Anderson: Questionable Accounting Practices 1. Discuss how the issues with the Arthur Anderson case may have played out differently if the Sarbanes-Oxley Act had been enacted in 1999. The provisions of Sarbanes-Oxley Act help minimize the likelihood of auditor failing to identify accounting irregularities by the following requirements:
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concentration is being smart. The child should be smart enough to concentrate while having fun. This can be done in many ways. While in class‚ if he/she is finding it hard to concentrate‚ here are a few tips they can adopt in order to improve their concentration skills. 1. Sit in the front row. Sitting in the front row helps you steer away from distractions like speaking to your friends‚ whispering or even passing notes. The closer you sit to the teacher‚ the better you understand
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Cause and effect of cell phone Cell phone is one of great devices that improve the lives of the society. Cell phone provides some services of access to communicate to people in worldwide/in the world. Technology is used by cell phone developer is making rapid advancement. Nowadays‚ obviously‚ there will be more and more the people in the society are using cell phone in their lives. In 2012 year‚ the number of cell phone sold in the worldwide market is estimate more than/around 2 billion units. Every
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International convergence of accounting standards is not a new idea. The concept of convergence first arose in the late 1950s in response to post World War II economic integration and related increases in cross-border capital flows. Initial efforts focused on harmonization—reducing differences among the accounting principles used in major capital markets around the world. By the 1990s‚ the notion of harmonization was replaced by the concept of convergence—the development of a unified set of high-quality
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(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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Solutions Manual to accompany Company Accounting 8e prepared by Ken Leo John Hoggett John Sweeting Jennie Radford [pic] John Wiley & Sons Australia‚ Ltd 2009 Chapter 1 – Nature and regulation of companies REVIEW QUESTIONS 1. Outline the advantages of incorporation over other forms of organisation such as partnerships. The corporate form of organisation permits individuals to have "limited liability". This confers on shareholders a limit on their
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the whole body of FASB authoritative literature. True · Any company claiming compliance with GAAP must comply with most standards and interpretations but does have to follow the disclosure requirements. False This statement is false because the companies they not only have to comply with most GAAP standards and interpretations but also have to follow the disclosure requirements. · The primary governmental body that has influence over the FASB is the SEC. True · The FASB has a government
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Supporting Teaching and Learning in schools Certificate course Questions on unit one 1. Outlie the difference between sequence and rate of develoment. Why might children develop at different rates in different areas? All children are different in sequence of development depending on events of what will happen while growing in age‚ as like Maslows hierarchy of needs are shown you need all acpects to develop‚ you need (qouting from Maslows hierarchy of needs) basic needs such as physiological
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