Revenue recognition on FASB and IASB convergence process I. CONVERGENCE OF U.S. GAAP AND IFRS Since 2002‚ Financial Accounting Standards Board (FASB) and International Accounting Standards Board’s (IASB) have been working toward “convergence” of US General Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). They have made significant progress in efforts to converge critical accounting standards such as those dealing with revenue recognition‚
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Cyberian Express‚ a Barnes & Noble newsletter. Response to Nikolai Bezroukov (1999) I dissect a really bad article in First Monday that billed itself as a "Critique of Pure Raymondism". The Case of the Quake Cheats (1999) After the Quake 1 source was GPLed‚ John Carmack reported that the release had enabled some cheats. Does this mean open source is a security problem? In this essay‚ I discuss the security lessons of Quake. Guest Editorial: World Domination (2001) Because some visions are too
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2012-The Year of Mathematics P.Bhattacharyya [pic] [pic] (GH Hardy ‚ Ramanujan and Littlewood) The great Indian mathematician Srinivasa Ramanujan was born on the 22nd of December 1887 in Erode‚ Tamilnadu. In a function held in the Centenary Hall of Madras University on the 26th of December 2011 marking the 125th birth anniversary of Srinivasa Ramanujan‚ the Prime Minister of India Dr. Manmohan Singh proclaimed: “Our
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Construction Project and Procurement: A historic overview on the development of building procurement systems in the UK from post war period (1945) present day. The points in evolution a split into 4 phases; 1.1) Phase 1 1945 – 1972: The period before the World War 2 selective tendering methods were being used more prolifically‚ the Simon report 1944 (ministry of works 1944) strongly recommends the use of selective tendering. After the end of the 2nd World War there was an increase in the
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PROJECT CONSTRUCTION PLANNING: CONSTRUCTION OF A CONCRETE BRIDGE Contents TOC \o "1-3" \h \z \u Overview PAGEREF _Toc364683901 \h 3Details PAGEREF _Toc364683902 \h 3Critical path analysis PAGEREF _Toc364683903 \h 5Planning assumptions PAGEREF _Toc364683904 \h 5Analysis PAGEREF _Toc364683905 \h 5Diagram analysis PAGEREF _Toc364683906 \h 5 Overview The aim of this task is to provide project management services for the construction of a concrete bridge for a motorway project. A list of activities
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SHAH ALAMFACULTY OF CIVIL ENGINEERINGBACHELOR OF ENGINEERING (HONS.) CIVIL(EC 220) | | ENGINEERS IN SOCIETY(ECM507) | | ABANDONED PROJECT AT HULU KLANG | GROUP : EC220 7N | PREPARED BY | : | MUHAMMAD ZULHILMI BIN ABD RAHPALAHMAD DHIYAUL ISLAM BIN MOHAMMADKHAIRUL IZWAN BIN AMERRUDDINMUHAMAD AIZAT BIN ARBAIE | 2011818624201129752620114649942011222944 | | PREPARED FOR | : | Ir Abdul Halim bin Abdul Ghani | DATE | : | 13 MAY 2013 | Table of Content No | Topics |
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Revenue Sources and Expenditures of a USA Charity in one year. The pie charts show the amount of revenue and expenditures over a year of a children’s charity in the USA. Overall‚ it can be seen that donated food accounted for the majority of the income‚ while program services accounted for the most expenditure. Total revenue sources just exceeded outgoings. In detail‚ donated food provided most of the revenue for the charity‚ at 86%. Similarly‚ with regard to expenditures‚ one category‚ program
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Revenue-Recognition Problems in the Communications Equipment Industry 1) In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679m as a result of revenue recognition problems. Yet the firm’s market capitalization plummeted by $24.7bn. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? The large drop in market capitalization is probably due to several factors. Historically‚ Lucent had successfully met analysts’ projections for
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Required: Working in groups of 2-3‚ answer the following questions using Starbucks 2012 10K. Also note the page number where you found each item. 1. Find and read the description of Starbucks’ business in Item 1 of the 10K. a. What are Starbucks’ primary lines of business? b. What segments did Starbucks report prior to fiscal 2012? c. What segments does Starbucks report starting in fiscal 2012? d. What percentage of revenue came from each segment in fiscal 2012? e. What
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Public Offer in 1991‚ highlighting the accounting practices and methods were used in recognizing the company’s revenue. This paper explains the fraud occurred in recognizing the revenue and how it overstated the financial statements and increased the stock price. It also explains the fraud theory applied to the revenue recognition and the auditor’s failure in discovering the fraud and reports it to the SEC. This paper will provide methods that auditors should follow in auditing public companies and
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