Introduction Schipper (2003) who is a member of FASB conducted a study on the rules-based and principles-based accounting standards. The aim of this article is to discuss the attributes and potential effects of transferring from rules-based standards to principles-based standards. To some extent this article is critical‚ but several limitations need to be discussed‚ such as implementation guidance. Summary Schipper (2003) demonstrated that there was a long-running debate on whether U.S. GAAP
Premium Management Learning German language
A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
Premium Government Federal government of the United States Generally Accepted Accounting Principles
Relative Humidity Lab 1. Yes‚ our relative humidity was different for the two locations because the temperature in the building was lower than the temperature outside. 2. The psychrometer has a "sock" on the bulb of the thermometer. You get the sock wet and twirl the thermometer around for 30 seconds. If the temperature dropped then you spin it again for 15 seconds. Then you subtract the temperature of the psychrometer from the starting temperature and that is the difference. Then you must look
Premium Humidity Temperature Dew point
met my wife. A. what B. where C. which D. that 2. Simon is the man _________ Mary loves. A. who B. which C. whom D. A&C 3. My wife‚ _________ is a doctor‚ works at Community Hospital. A. who B. which C. whom D. that 4. Only one of the people _________ work in the company is qualified. A. what B. which C. who D. where 5. She is the one _________ I told you about. A. what B. which C. whose D. who 6. Those _________ had studied hard passed their exams. A. what B. which C. who D
Premium Relative clause Black-and-white films
Single parent families have grown larger with the incoming years. Today‚ 1 of every 4 families with children under the age of 18 is a single-parent family‚ up from 1 of every 10 in 1970. As of 2000 an estimated 13.5 million single parents had guardianship of 21.7 million children less than 21 years of age whose other parent lived somewhere else; single parent families. One parent families numbered over 12 million in 2000. Single parent families have increased almost half of the percent in a span
Premium Father Divorce Childhood
In any part in the world‚ there is no place to be but home. Home is a place where we feel safe and take refuge. But how we will feel if this is taken from us? The essay by Edward Said‚ “States‚” narrates the story of about his country‚ Palestine‚ and the struggle of his countrymen. He also shares the passion of his homeland which we can relate to. “States” exemplify the experiences and perceptions of how important a home is to a common Palestinian. Our country is a big part of who we are. As we
Premium Short story Arab citizens of Israel Country music
Accounting Standards Boards Leslie Brian ACC/541 November 14‚ 2011 Delphine Agnor Wolsker Accounting Standards Boards The field of accounting is constantly evolving. This is true not only for the theory of accounting itself but also the entities that govern its theory and practice. Presently‚ the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are faced with some of the biggest challenges to date. To understand the significance
Premium Financial Accounting Standards Board International Financial Reporting Standards Financial statements
Ferns and Their Relatives -What is a Fern? Fern is a flowerless plant that has feathery or leafy fronds and reproduces by spores released from the undersides of the fronds. Ferns have a vascular system for the transport of water and nutrients. *Characteristics of Seedless and Vascular Plants: Includes: ferns‚ club mosses‚ and horsetails Have vascular tissue They are able to grow bigger and taller Within vascular plants is the phloem‚ the vessel that transports food‚ and the xylem‚ which transports
Free Fern Plant
What is strategic management accounting (SMA) Discuss the conceptual framework of strategic management accounting (SMA) Roslender & Hart‚ 2003 SMA is best understood as a generic approach to accounting for strategic positioning. It is defined by an attempt to integrate insights from management accounting and marketing management within a strategic management framework. To date‚ the attribute costing technique has been the most compelling development within SMA. Its focus on costing the benefits
Premium Strategic management Management accounting Marketing
In financial accounting‚ a cash flow statement‚ also known as statement of cash flows or funds flow statement is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents‚ and breaks the analysis down to operating‚ investing‚ and financing activities. The primary purpose of a statement of cash flows is to provide relevant information about the cash receipts and cash payments of an enterprise during a period. Essentially‚ the cash flow statement
Premium Balance sheet Cash flow statement Income statement