The FASB should consider economic consequences in the standard setting process; “The Board cannot cease to be concerned about the cost-effectiveness of its standards. To do so would be a dereliction of its duty and a disservice to its constituents”. (SFAC No.2 P. 144) FASB member Victor H. Brown identified the economic costs to consider: “The costs of introducing a new standard‚ of course‚ include the out of pocket costs of converting to the new standard‚ the costs of processing and reporting the
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Q3: Should Apple lobby the FASB to change the revenue recognition rules for smartphones? In our opinion‚ Apple should lobby FASB to change the revenue recognition rules for smartphones‚ given the following reasons:- 1. Under “non-GAAP measures”‚ Apple’s performance looked much better than that under GAAP measures. Please find below a table1 summarizing the differences of key financial data between GAAP and non-GAAP measures for the fourth quarter of 2008:- Q4 2008 GAAP ($ billions) Non-GAAP
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Implications of New Technologies on Organisation Technology may be broadly defined as the methods‚ procedures‚ systems‚ equipment‚ and or machines employed in producing a desired output. This may be a particular product or service. As Child‚ (2005)‚ explains organisation can be viewed as the end result of the process by which a team of people consistently put together their efforts in an orderly fashion so as to successfully reach a desired goal. New technologies have many interesting implications
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Ego. A word shamed upon in western society‚ because of negative implications. Men who have become wealthy through their hard works and sacrifices are depicted as “self-centered”. Since‚ society is angry toward people with huge amounts of wealth. Although egoism is portrayed as a bad thing‚ it should be a reward and gift. In our world today and language‚ the word “I” is significant‚ because it presents individualism. Everyone has knowledge that no one is the same‚ everyone has unique characteristics
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Name: Steven Jackson Email: mcbsjackson@gmail.com Advanced Diploma in Event management Assessment no.4 The legal and insurance implications of staging a concert. Before staging a concert in a locality‚ there are some areas that need to be considered like: • Organizational structure and legal
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U.S.‚ Europe‚ Asia (Morris‚ Cascio & Young‚ 1999; Dahl and Neshheim‚ 1998; Suarez‚ 2000). At this project I will explain the psychological and economical impacts of downsizing for the organizations‚ the workforce and the society. MAIN BODY IMPLICATIONS OF DOWNSIZING FOR THE WORKFORCE DOWNSIZING STRATEGIES Primary‚ employee cut down tactics‚ which are intended to decrease headcount frequently through joblessness. Another‚ work reforms tactics‚ which contain reformatting roles organization
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Eastern International University Becamex Business School BUS359HP: Supply Chain Management Term: Summer quarter 2013-2014 Name: Le Hoa Duong Ngoc IRN: 1132300265 Assignment: Boston Red Sox Spring Training Decision Case Study 1. The center of gravity for the population of the country is C (4.49‚ 7.83) with: Explanation: The location of X = 4.49 and Y = 7.83 is the optimal location determined by quantitative factor that use to find appropriate location for the stadium with highest
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SOCIAL AND POLITICAL IMPLICATION OF SOCIAL MEDIA A SEMINAR PRESENTED BY ADEBAYO‚ SEGUN MATRIC NO: 173998 TO THE DEPARTMENT OF PHILOSOPHY FACULTY OF ARTS UNIVERSITY OF IBADAN COURSE: PHI 713- SOCIAL AND POLITICAL PHILOSOPHY LECTURER IN CHARGE PROFESSOR DIPO IRELE June 2013 INTRODUCTION: Communication is as old as humankind‚ it is the basis of social interactions and life blood of human societies‚ we can say without communication. Each individual would merely be an island
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A REPORT ON THE BUSINESS IMPLICATIONS OF PSYCHOLOGICAL TOPICS Table of contents Page No. Executive Summary 1.0 Introduction 1.1 Origin 1.2 Scope 1.3 Purpose 1.4 Background 1.5 Methodology 1.6 Report Preview 1.7 Limitations 2.0 Report Body 2.1 Introduction To Psychology & It’s Relation To Business 2.2 Background of Psychological Influence In Business 2.3 Introduction To Psychology 2.3.1
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A. The Implications for corporate governance and financial institutions In Enron’s case‚ we may see that the principle weakness of corporate governance today is the excessive concentration of power in the hands of top management. Enron involve allegations of massive accounting fraud and huge losses in shareholder value. In May 2002‚ the Business Roundtable released its Principles of Corporate Governance. This is a set of principles intended to assist corporate management and boards of directors
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