The Similarity and Difference between FASB & GASB Financial Reporting Saintania Bien-Aime Governmental/ Institutional Accounting: ACG4501 Keiser University April 15‚ 2012 Abstract The accounting and financial reporting standards are one of the source that profit businesses and governmental not-for-profit organizations‚ which has been created by the Accounting standards Board (FASB). However‚ accounting and financial reporting standards that apply for state and local governments in America
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The IASB/FASB joint review conceptual framework states that there are two fundamental characteristics which are relevance and faithful representation and in addition there are four enhancing characteristics which are timeliness‚ verifiable‚ comparable and understandability which enhance the decision usefulness of financial information. For information content to be relevant it must have the ability to influence the economic decisions of users and help users to evaluate or assess past‚ present or
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COURSE GUIDE ix INTRODUCTION Information Systems in Human Resource Management is one of the courses offered by the Faculty of Business and Management Open University Malaysia (OUM). Similar to the other courses offered by the Faculty of Business and Management‚ this 3 credit hours course will be conducted over 15 weeks and is usually offered twice yearly in January and September semesters. COURSE AUDIENCE This is a core course for students undergoing Bachelor of Human Resources Management
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GASB and FASB Analysis Paper By Jennifer R Carlson ACC 460 Kelly Chamberlain March 6‚ 2006 The Governmental Accounting Standards Board (GASB) is the board that "sets the accounting and financial reporting standards for state and local governments‚ whereas the Financial Accounting Standards Board (FASB) is the standard-setter for all other entities except the federal government." (Granof‚ 2003‚ Ch 1 pp6) The GASB promotes accountability and allows the public to know the facts in
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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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1.3 digital data located on a PDAs being represented in binary system? 1.3.1 Storing number Refer to Catherine‚ (2015) Binary describes a numbering scheme in which there are only two possible values for each digit: 0 and 1. The term also refers to any digital encoding/decoding system in which there are exactly two possible states. In digital data memory‚ storage‚ processing‚ and communications‚ the 0 and 1 values are sometimes called "low" and "high‚" respectively. In digital circuits there is no
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based on tabloid content” 1. Introduction News has always been a matter of commerce‚ and it has always entertained as well as informed (Barkin 2003‚ p.64). News Ltd‚ undeniably‚ has focused on tabloid content in order to derive an enormous benefit from it. To rise fame‚ broadly speaking‚ News Ltd has exploited the interest of the target audiences‚ crucially by appealing to their human side. This is to say that the success of New Corporations is mainly contributed by tabloid contents. 2. What is tabloid
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Public policy issues FASB and GASB have changed their rules on Pension Standards‚ which was supposed to help people understand better and their pension system work efficiently. It seems to be achieved for the first part that people now understand the pension system better. For the second part‚ however‚ there are always fights between governments and the public‚ because some governments attempt to cut pension payment in order to balance the budget that the government need in the year. One of the
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Home Computer‚ Inc. Home Computer‚ Inc. (“Home Computer”) is a publicly held manufacturer and retailer of computer equipment. The company operates five manufacturing facilities and 221 retail stores in 32 states. Home Computer operates in three business segments: (1) computer manufacturing‚ (2) printer manufacturing‚ and (3) retail store distribution. In January 2002‚ Home Computer announced a plan to restructure its operations (the “Plan”). The Plan was approved by the Board of Directors at
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Content Marketing MetriCs A Field Guide to the Four Types of Too often‚ content marketers tell themselves that they can’t accurately measure their results‚ or a tactic isn’t measurable‚ or that they don’t feel comfortable measuring content. These are defeatist statements‚ hanging over your content marketing like a dark cloud. If you find yourself falling into this camp‚ don’t fret: You still have time to get on the right track. This eBook will cover the four types of metrics that help marketers
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