Florabama be considered in the determination of the consolidating entity? In this memo I will first discuss the issue of consolidation common to all alternatives‚ and then explain how Meyer Inc. or Saban Company could consolidate Florabama according to US GAAP. Finally‚ I will recommend which entity is the controlling interest‚ and in effect‚ should consolidate Florabama to its financial statements. Discussion of Alternatives In either alternative‚ there is no question that since Florabama is classified
Premium Board of directors Generally Accepted Accounting Principles Risk
Significant Differences (Ernst & Young‚2011): US GAAP IFRS Financial periods required Generally‚ comparative financial statements are presented; however‚ a single year may be presented in certain circumstances. Public companies must follow SEC rules‚ which typically require balance sheets for the two most recent years‚ while all other statements must cover the three-year period ended on the balance sheet date. Comparative information must be disclosed with respect to the previous
Premium Balance sheet Income statement Financial statements
Accountants follow professional guidelines for measurement and disclosure of financial information. These are called generally accepted accounting principles (GAAP). In the United States‚ the Financial Accounting Standards Board (FASB) formulates GAAP. The International Accounting Standards Board (IASB) sets global or International Financial Reporting Standards (IFRS)‚ the two basic types of external providers of capital include investors (who exchange cash for stock) and creditors (who loan cash)
Premium International Financial Reporting Standards Financial Accounting Standards Board Financial statements
Assignment 1: Research of Emerging Accounting Issues Abstract This paper I’ll research the most important impact that the mission of the Emerging Issues Task Force (EITF) exerts upon the Financial Accounting Standards Board (FASB); analyze the EITF’s effectiveness with finding resolutions to emerging accounting issues by research the issues from the EITF’s “Description and Status of Current Issues” such as 9/11 and analyze at least the primary manner in
Premium International Financial Reporting Standards Financial Accounting Standards Board Financial statements
Yes. Section 202(a)(1) of the Clean Air Act clearly provides that the EPA Administrator shall promulgate standards applicable to the emission of any air pollutant from any class or classes of new motor vehicles or new motor vehicle engines that‚ in the Administrator’s judgment‚ may reasonably endanger the public health or welfare. The EPA argues that carbon dioxide‚ the basis of greenhouse gas emissions‚ is not an “air pollutant” within the meaning of the CAA. However‚ the definition of “air pollutant”
Premium Law United States Supreme Court of the United States
What is the difference between lying and bullshit and is there similar words to it? This is a question that Harry Frankfurt tries to find out with different types of words that differ from the word bullshit and explains those words and what they really mean. In the article he says that there are many words that and can relate to bullshit one is humbug which means a deceptive misrepresent‚ short of lying‚ especially by pretentious word or deed‚ of somebodies own thought‚ feelings‚ or attitudes; having
Premium
Jobs‚ enterprise and employment‚ 2011‚ Companies Acts 1963 – 2009 ( online) PricewaterhouseCoopers‚ 2009‚ Simplified IFRS represents the end of Irish GAAP as we know it (online) Available online http://www.accountingnet.ie/financial_reporting/Simplified_IFRS_represents_the_end_of_Irish_GAAP_as_we_know_ PricewaterhouseCoopers‚ 2011‚ The Future of Irish GAAP‚ Good news from the ASB[pdf]‚ (online) Available online http://download.pwc.com/ie/pubs/2011_the_future_of_irish_gaap_good_news_from_the_a5b_by_fion
Premium International Financial Reporting Standards Financial statements International Accounting Standards Board
Target Company Selection Process The target company we decided on for our financial analysis is General Electric. At first we were looking at Starbucks‚ as it is a rapidly growing multinational corporation‚ but after some research we discovered that the earnings per share growth of Starbucks is 40.2%. Therefore Starbucks did not meet the requirement set at 50% EPS growth to be considered a truly “rapidly growing company”. We then continued our research and were able to find that General Electric
Premium General Electric
Corporate Governance 5. Tax Audit 6. Management Audits 7. Review of Accounts 8. Special Audits 9. Due diligence 10. Restatement as according to International Accounting Standards (IAS)/ General Accepted Accounting Principles (GAAP) These services will benefit Apollo Shoes by 1. Ascertain whether the presentation of accounts are fair and true 2. Timely detection of errors and fraud in the company 3. Timely identification of risks of material misstatements
Premium Auditing Audit Generally Accepted Accounting Principles
to consider whether the financial statements conform to the generally accepted accounting principles‚ or GAAP. There are several elements of the general accepted auditing standards or GAAS. Some of the elements of the GAAS include independence in fact and appearance‚ professional care in performing the audit‚ internal control evaluation‚ evidence sufficient to base an opinion‚ according to GAAP‚ consistency and the technical training and proficiency of the auditor. All of these elements play equally
Premium Management Generally Accepted Accounting Principles Balance sheet