Uniformity of Accounting Standard and Conceptual Framework Executive summery Harmonization of the accounting standard and conceptual framework is emerging as a requirement for of the international community. As business cross national boundaries so the transecting parties need uniformity in the financial reporting for better understanding of the business conditions. The process of harmonization gets accelerated by the initiative of the two major standard setting body of the world IASB and FASB
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Page 1. History of International Financial Reporting Standards (IFRS) …………… 2 2. Advantages and Disadvantages of Adopting IFRS ……………….. 4 2.1. Advantages…………………………………………………………………………4 2.2. Disadvantages………………………………………………………………………………..5 3. Similarities and Differences between IFRS and U.S.GAAP......6
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scrutinizing the prevailing accounting standard for the banks and find out the extent of compliance by them. To find out the degree of compliance the study has gone through the annual reports of all the sample banks. Very naturally it is hoped that all of them are required to comply with the standard to uphold the stakeholders’ interest. Banking industry’s nature of operation is totally different .Recognizing this aspect some specific IAS (International Accounting Standard) have been prescribed for them
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Intelligent Information Management‚ 2010‚ 2‚ 380-385 doi:10.4236/iim.2010.26046 Published Online June 2010 (http://www.SciRP.org/journal/iim) The Line Clipping Algorithm Basing on Affine Transformation Wenjun Huang College of Math and Computer Science‚ Guangxi University for Nationalities‚ Nanning‚ China E-mail: hwjart@126.com Received March 20‚ 2010; revised April 25‚ 2010; accepted May 27‚ 2010 Abstract A new algorithm for clipping line segments by a rectangular window on rectangular
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Left Mandibular Central Incisor [31] Figure 1 Mandibular left central incisor Figure 2 Mandibular right central incisor Initial calcification: 3-4 months after birth Completion of crown: 4-5 years Eruption: 6-7 years Completion of root: 9 years Contact areas – Mesial: In the incisal third near the mesioincisal angle‚ almost at the incisal edge -Distal: In the incisal third‚ about the same level as the mesial contact area Labial view: 1. Almost smooth crown surface with two shallow developmental
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Barco Case Analysis Analysis of the current product portfolio of Barco(Appendix A). High Market Share Low Market Share High Market Growth rate NA Graphics Projectors (Barco had 4% units in 1988 and had predicted a growth of 41%) Key Competitor – Electrohome Low Market Growth rate Data Projectors (Barco had 33% units in 1988 and had predicted a growth of 12%) Video Projectors (Barco had 63% units in 1988 and had predicted a growth of 1%) Key Competitor - Sony Looking at the data we
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Running Head: ACCOUNTING STANDARDS BOARDS PAPER Accounting Standards Boards Paper Lila Alemar ACC 541 Shauki Smith May 24‚ 2010 History of the relationship between IASB and FASB The International Accounting Standards Board (IASB) began operations in 2001. It is an organization committed to developing‚ in the public interest‚ a single set of high quality‚ global accounting standards that require transparent and comparable information in general purpose financial
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solve inconveniences arising from it. In response of these inconveniences‚ the International Accounting Standard Board (IASB) issued International Financial Reporting Standard 15 (IFRS 15) in August 2014‚ which provides guidance on accounting for revenue from contracts with customers and will be effective in 2017. The new standard removes the inconsistencies and weakness of the past standards‚ also increase the comparability and transparency of the revenue recognition practice with a simplified presentation
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The Fair Labor Standards Act Of 1938 by Codey Mitchell The Fair Labor Standards Act‚ or FLSA‚ is a federal statute that applies to the United States. It is sometimes called the Wages and Hours Bill. It helps employees engaged in interstate commerce or those who work for a enterprise who is involved in commerce or in the production of goods for commerce‚ unless the employer can make a claim and be found exempt from coverage. The FLSA established a national minimum wage‚ employees were promised
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national accounting standards in retail industry Evaluating International Company under Abstract This paper analyses the international firms under the national accounting standard in retail industry. The study applies two typically firms which are Woolworths from Australia and Walmart from the United States and compare the two firms in 4 perspectives. Firstly‚ the different in recognition of intangible assets‚ revenue‚ tax‚ inventory under IFRS (Aus) and U.S.GAAP. Secondly‚ describe
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