Professor ‚ University of Brasilia Abstract Fair value measurement is increasingly spreading in accounting standards. In February/2010‚ it was present in 61 FASB pronouncements. Such diffusion led to the issuance of SFAS 157 Fair Value Measurements‚ in which many prior definitions and measurement requirements‚ presented in other pronouncements‚ were replaced by a single standard on this subject. But the expansion of situations in which fair value measurement is required makes more difficult to ensure
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The batek of Malaysia are one of the original people of Malaysia or otherwise known as Orang Asli. Unlike the other Orang Asli of Malaysia whom have left their cultures behind to work and live like modern day society‚ the Batek are still live their traditional lives (J. Beswick‚ 2010). The Batek live in camps of five or six nuclear families. These foragers have a split gathering system. While women can hunt they are mostly known for their gathering skills (Lampell‚ K. 1984). In this paper I will
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Inc. John‚ E.‚ & Bill‚ C. B. (1997). The FASB ’s New Earnings per Share Standard. The CPA Journal. Retrieved from http://www.nysscpa.org/cpajournal/1997/0897/aug/F20897.htm Kelliher‚ J. (1996). The FASB and the IASC Redeliberate EPS. Journal of Accountancy. Retrieved from http://www.allbusiness.com/professionalscientific/accounting-tax/541912-1.html FASB ASC Paragraph 260-10-45-2 [‚ Earnings Per Share – Overall – Other Presentation Matters] FASB ASC Paragraph 260-10-45-11 [‚ Earnings Per Share
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References: 1. Jay Godfrey (2010)‚ Accounting Theory‚ 7th Edition‚ viewed on 10/11/2013 2 9. Paul Pacter‚ CPA‚ PH.D.‚ (February‚ 2013)‚ What have IASB and FASB convergence efforts achieved?‚ viewed on 26/11/2013‚ Available from: http://www.journalofaccountancy.com/Issues/2013/Feb/20126984.html 12. Nation News‚ (May 27‚ 2013)‚ Long push for new accounting standards‚ viewed on 26/11/2013‚ Available at:
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position of an entity. However‚ accounting measurement issues are seen to be problematic as many measurements are derived. According to Mary E. Barth (2007)‚ an analysis regarding the latest activities of the International Accounting Standard Board (IASB) have revealed that the use of fair value as a measurement base in financial accounting is probable to increase. With the increased probability of using fair value as a measurement base and the adoption of international accounting standards by Australia
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A discussion of the character traits of a fictitious elderly woman named Miss Strangeworth will occur in this character sketch. Miss Strangeworth was an elderly woman‚ who was representative of her town?s history. She led a quiet public life‚ and was on friendly terms with most residents of her town. Unknown to these residents‚ Miss Strangeworth lived a double life. She was a friendly‚ grandmotherly figure in public; however‚ when she was out of the public?s eye‚ she became the author of unsettling
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Financial Statement Analysis Introduction to Management Accounting 561 August 31‚ 2010 Robert L. Hynous‚ Jr. Financial Statement Analysis The primary principle of the financial statement analysis is to examine the accounting books for the accountability of review each year-end for profit or loss in a company to be review by the stockholders. Team A will review the financial statement analysis of two American companies; United Parcel Service (UPS) a service‚ Talbots (TLB) a retailer‚
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Accountancy & Risk BA (Hons) Accountancy Honours Dissertation – Year 2012/2013 Author: David Mcconnell Title: ‘A critical analysis into the convergence of IFRS and US GAAP in the United States’ “I declare that this dissertation is my own original work and has not been submitted elsewhere‚ wholly or partly‚ in the fulfilment of the requirements of this or any other award. Academic citation standards have been maintained and I have made due acknowledgement to the work of others where used
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evaluations(confirmatory value)‚ even if it is not being used’ (FASB‚ 2005: 2; FASB 1980: 37). In the IASB framework information has the quality of relevance ’when it influences the economic decisions of users by helping them evaluate past‚ present of future events or confirming‚ or correcting‚ their past evaluations’ (IASB‚ 1989: 24). Both frameworks thus say that accounting information is relevant if it has the capacity to make a difference in a decision. The FASB requires information to be capable of making a
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Dennis Business School Oxford Brookes University Abstract The paper examines the nature and role of a conceptual framework for financial reporting. Although much has been written about such frameworks and their purported role and the FASB and IASB are currently revising and converging their frameworks there are still questions about the kind of thing it is and how it is used in setting accounting standards. Using insights from the philosophical literature this paper considers the nature
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