Cited: Spiceland‚ David‚ Sepe‚ Jim‚ Nelson‚ Mark. Intermediate Accounting. 6th ed. McGraw- Hill/Irwin. New York: McGraw-Hill/Irwin‚ 2011. Print Financial Accounting Standards Board Accounting Standards Codification. FASB: Financial Accounting Standards Board. < http://asc.fasb.org/home> -225-20-45-9 & -225-20-45-11 Income Statement‚ Extraordinary and Unusual Items‚ and Other Presentation Matters Rosenberg‚
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Financial Accounting Standards Board ORIGINAL PRONOUNCEMENTS AS AMENDED Statement of Financial Accounting Standards No. 19 Financial Accounting and Reporting by Oil and Gas Producing Companies Copyright © 2008 by Financial Accounting Standards Board. All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted‚ in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording‚ or otherwise‚ without the prior written permission
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NATIONAL OPEN UNIVERSITY OF NIGERIA SCHOOL OF MANAGEMENT SCIENCES COURSE CODE: ENT432 COURSE TITLE: INTERNATIONAL ACCOUNTING SYSTEM ENT432 INTERNATIONAL ACCOUNTING SYSTEM Course Developer/Writer A. I. Ehiagwina School of Management Sciences National Open University of Nigeria Lagos. Course Editor Dr. I. D. Idrisu School of Management Sciences National Open University of Nigeria Lagos Course Coordinator Mrs C. Aturu-Aghedo School of Management Sciences National Open University
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| Auditing has a rich history within the United States. There have always been various rudimentary forms of auditing when the first businesses were started; however the focus of this paper will be on auditing standards within the twentieth century. To look beyond that departs from what would typically be termed as “modern accountancy” and its relevant roots. Author Bruce Marshall helps describes why this historic perspective is so important of our field:
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part of the technology sectors in the diversified computer systems industry (IBM: Summary for International Business Machines- Yahoo! Finance). The market cap is 254 billion with IBM making up 218.6 billion. IBM is the largest company relative to the diversified computer systems industry. In a less specific industry of computers IBM only trails Microsoft Corporation by 12 billion dollars ("International Business Machines Corp."). Because of IBM’s large size relative to its industry the relative
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for America’s Colleges and Universities The Financial Accounting Standards Board (FASB) was established in 1973 and has been granted the power to institute rules of financial accounting and reporting for businesses and not-for-profit organizations. The Governmental Accounting Standards Board (GASB)‚ established 11 years later in 1984‚ took on a very similar role. This board has the power to institute rules of financial accounting and reporting for all governmental entities except for those
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Proposed Accounting Standards Update STAFF DRAFT Financial Statement Presentation ST A FF D R A FT — SU B JE C July 1‚ 2010 T TO C H A N of an Exposure Draft on G E Notice to Recipients of this Staff Draft of an Exposure Draft on Financial Statement Presentation This staff draft of an Exposure Draft has been prepared by the staff of the FASB and the IASB (Boards) for the Boards’ joint project to develop a standard on financial statement
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markets/shareholders are the principal source of finance‚ accounting focuses on profitability‚ stewardship‚ and a fair presentation of results and financial position. There are high levels of disclosure in published financial statements. When banks are the principal source of finance‚ accounting tends to be conservative and disclosures are usually relatively low (banks have direct access to information). When governments are the principal source of finance‚ accounting is aimed at the information needs of government
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At the time the SEC was created‚ no group—public or private—issued accounting standards. The SEC encouraged the creation of a private standard-setting body because it believed that the private sector had the appropriate resources and talent to achieve this daunting task. AICPA The AICPA’s mission is to provide members with the resources‚ information and leadership that enable them to provide valuable services in the highest professional manner to benefit the public‚ employers and clients. CAP
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Crisis Introduction The accounting profession is responsible for delivering the information necessary to make correct decisions. To promote the dissemination of high quality information‚ accounting standard setters constantly struggle to keep standards up to date with the ever evolving markets. In light of the recent financial crisis‚ fair value accounting has come under scrutiny. Some critics go as far as to blame the whole crisis on fair value accounting. I assert that fair value increases
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