Cruz 1 Week 8 Assignment 1 IFRS and GAAP Convergence Janet Rivera Cruz Prof. Basil Jackson Accounting 304 December 2‚ 2012 Cruz 2 The purpose of this paper is to describe what accounting convergence means and assess the likelihood of the convergence being completed and implemented in the next five (5) years. IFRS is the principle based set of standards that establish standards and dictate specific treatments. IFRS has become a global standard for companies
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than a single number. Demand Management Where possible‚ calculate demand rather than forecast. If not possible... Independent Demand (finished goods and spare parts) A Dependent Demand (components) B(4) C(2) D(2) E(1) D(3) F(2) Demand Estimates Sales Forecast Production Resource Forecast Examples of Production Resource Forecasts Forecast Horizon Time Span Item Being Forecast • Product lines • Factory capacities • Planning for new products • Capital
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control how or if the die; even if inevitable? This unique story by Francis Bret Harte "The Outcast of Poker Flat"‚ has a grey western setting. Harte explores the mind of a gambler who is exiled from a warped town. Two literary devices regionalism and naturalism content is evident throughout‚ giving the story a feeling of hopelessness of survival. The regionalism in "The Outcast of Poker Flat" separates the characters from the town in such a way that is ironic. "I reckon they are after somebody"
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World War I is known as The Great War. It was an international war between aligned countries. A sense of nationalism‚ imperialism‚ alliances and militarism caused tension between the Triple Alliance and the Triple Entente. The Triple Alliance was made up of Germany‚ Austria and Italy. England‚ France‚ and Russia made up the Triple Entente. One action caused a chain of reactions that caused each country to become involved for their own reasons. World War I all started with an assassination. The
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GAAP and IFR Convergence YOURNAME ACC 304 Winter 2012 Introduction The emergence of transnational corporations in search of money‚ not only for stimulating growth‚ but to maintain on-going activities has demanded flow of capital from all parts of the globe. This has brought millions of new investors into the capital markets whose interests are not constrained by national boundaries. Every country has its own sets of rules‚ regulations and reporting standards
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My Flat (1) We have a nice flat in a new block of flats. Our flat is on the fourth floor.It has all modern conveniences: central heating‚ gas‚ electricity‚ cold and hot water‚ a lift and a chute to carry rubbish down. There are three rooms‚ a kitchen‚ a bathroom and a hall in our flat. The living-room is the largest and most comfortable room in the flat. In the middle of the room we have a square-table with six chairs round it. To the right of the dinner-table there is a wall-unit which has several
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Triple X Syndrome‚ also known as XXX Syndrome‚ is a genetic disorder affecting the sex chromosomes. Females generally posses two X chromosomes‚ one from each parents‚ but females affected by Triple X syndrome possess three X chromosomes. On average‚ Triple X Syndrome affects 1 in 1000 females. Triple X syndrome generally doesn’t occur due to inheritance‚ but is rather caused by an error in the formation of the gametes known as nondisjunction‚ resulting in the extra X chromosome. Another cause of
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Study Electricity plays very important role in the lives of people to make their work become easier and faster. It also provides productivity to our community. Industries use it to run motors efficiently. Several years ago‚ REINA which composed of 3 municipalities is simply a single town‚ which is Infanta. There was no supply of electric current in the town. Some public and private sector uses generator and some devices that generate electricity for the operation of different machineries for the
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Some would consider Jackson Pollock ’s "Convergence" an arbitrary composition of paint‚ I consider it a piece of fine art. The Merriam-Webster dictionary defines Fine art as "art (as painting‚ sculpture‚ or music) concerned primarily with the creation of beautiful objects" and "an activity requiring a fine skill". "Convergence" embodies fine art. While other artists limit themselves to conventional works‚ Pollack ’s "Convergence" is gigantic. Created in 1952‚ it is oil on canvas‚ and is 93.5 inches
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Score: 139.70 1. out of 140 points (99.79%) award: 10 out of 10.00 points Exercise 3-1 Classifying adjusting entries LO C3 In the blank space beside each adjusting entry‚ enter the letter of the explanation A through F that most closely describes the entry. A. B. C. D. E. F. To record this period’s depreciation expense. To record accrued salaries expense. To record this period’s use of a prepaid expense. To record accrued interest revenue. To record accrued interest expense. To record the earning
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