"Political economic social effects of accounting standard setters" Essays and Research Papers

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    The PoliticalEconomic and Social Aspects the Enlightenment The Enlightenment‚ also known as Age of Reason‚ was a cultural movement that spread through England‚ France‚ Germany‚ and other parts of Europe. The Enlightenment mainly focused on mathematics‚ science‚ art‚ philosophy‚ politics and literature in the 1700s. This movement took away the fear of the world and the medieval views that were placed upon the people for so many years‚ and it also opened their eyes to new ideas and reason. Old

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    Accounting Standard 26

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    Applicability of Accounting Standard (AS) 26‚ Intangible Assets‚ to intangible items 1. Accounting Standard (AS) 26‚ ‘Intangible Assets’‚ came into effect in respect of expenditure incurred on intangible items during accounting periods commencing on or after 1-4-2003 and is mandatory in nature from that date for the following: (i) Enterprises whose equity or debt securities are listed on a recognised stock exchange in India‚ and enterprises that are in the process of issuing equity or debt

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    Accounting Standard 10

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    Exposure Draft Accounting Standard (AS) 10 (revised) Tangible Fixed Assets (Last date for Comments: February 28‚ 2006) The Institute of Chartered Accountants of India Issued by Accounting Standards Board Exposure Draft Revised AS 10‚ Tangible Fixed Assets Contents INVITATION TO COMMENT [Exposure Draft] Accounting Standard AS 10 (revised) Pages 4-5 Tangible Fixed Assets OBJECTIVE SCOPE DEFINITIONS RECOGNITION Initial Costs Subsequent Costs MEASUREMENT AT RECOGNITION Elements

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    The impact of the crusades on the west affected many things such as politically‚ socially‚ and the economic life of Europe. Feudalism was ended in Europe because of the help of the Crusade‚ and helped to create create the Renaissance. Many feudal lords went to go fight in the crusades‚ and ended up dying‚ leaving their serfs free. With fewer lords‚ kings gained more power and started to grow stronger. The monarchs gained strength once the knights left to go fight in the Middle East. With more power

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    Group 3 In your opinion are accounting standards necessary and to what extent? Do you agree with the view that mandatory regulations stifle innovation ? why? Give reasons? * Accounting standards are necessary to promote high quality financial reporting. The fundamental role of accounting is to communicate economic information about businesses and other organization to various stakeholders (government‚ investors‚ shareholders‚ suppliers‚ lenders‚ customers and the general public). * These

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    so drastically in other areas. Politically the states became polar opposites than that of the political system they had previously been following; these new thoughts were radical compared to previous ones‚ this is shown in the new bill of rights‚ the constitution‚ the kentucky & Virginia resolution/s. The social changes that took place‚ although there were few‚ often tended to have an underlying political aspect‚ such as the formation of the Federalist and Republican parties. Economically‚ new invention

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    United States Accounting Standards vs International Accounting Standards June 21‚ 2009 Introduction This research project will inform the reader of the difference between the United States accounting standards and International accounting standards. The United States uses the Financial Accounting Standards Board (FASB) to issue financial reporting procedures. The International Financial Reporting Standards (IFRS) are issued by the International Accounting Standards Board (IASB).

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    shifted towards a uniform accounting standards or the International Financial Reporting Standards (IFRS). The main motive behind this movement is to come up with a global language for accounting which will be comparable and understandable beyond the borders of a nation. As of today about 120 countries require IFRS for domestically listed companies‚ although only about 90 countries have fully conformed to IFRS . While some argue that it is necessary to have a system of accounting that is clear and transparent

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    business continues as a company focus‚ Blockbuster is no longer just a chain of video stores. It is an online as well as in-store retailer‚ and becoming more integrated every day” (Blockbuster Corporate‚ 2008). The economicsocial‚ and political trends of business keep changing. ECONOMIC TRENDS Until 2007‚ Blockbuster had posted losses for nine of the previous 10 years and had closed numerous stores. Then James Keyes took over the responsibility of the company as the chief executive officer (CEO)

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    Australia Accounting Standard

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    AASB Standard AASB 101 Presentation of Financial Statements FOR NOT-FOR-PROFIT (NFP) ENTITIES ONLY This compiled Standard applies to annual reporting periods beginning on or after 1 January 2013 but before 1 July 2013. Early application is permitted. It incorporates relevant amendments made up to and including 18 December 2012. Prepared on 10 May 2013 by the staff of the Australian Accounting Standards Board. Obtaining Copies of Accounting Standards Compiled versions of Standards‚ original

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