Gray‚ & Black‚ 2006) Something to keep note of with the increasing trend of economic globalization will be how the accounting standards in each locality affect financial reporting for these firms. More than 100 countries have opted to comply with IFRS‚ or International Financial Reporting Standards which was developed by the IASB globally. Here in the United States‚ we have conformed to the use of U.S. GAAP or generally accepted accounting principles‚ developed by the FASB. There are other “local”
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Section A (and has an influence on Section B) of the syllabus for Paper F7‚ Financial Reporting. A conceptual framework is important to the understanding of the many principles and concepts that underpin International Financial Reporting Standards (IFRS) and is an often-neglected part of candidates’ studies. Questions from these areas regularly appear in Paper F7 exams – usually as Question 4 – and I often comment in my examiner’s report that they are the least well-answered question in the exam paper;
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be avoided by using more efficient reactors which do not need enriched fuel (Barton). Not only would LFTRs and IFRs require non enriched fuel in order to operate‚ but they would also utilize the fuel to the fullest extent. LWRs are only capable of burning about .6% of U-235 in the fuel and the rest is “depleted” or “spent” fuel which is discarded as radioactive waste. Since LFTRs and IFRs are able to operate at much higher temperatures than LWRs‚ they can more thoroughly burn uranium and burn it more
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CASE 11-6: LESSEE LTD Caleb Aytes Brayden Hudson Brian Laws Katie Vittetoe Topics To Be Discussed • • • • Relevant Facts of the Case IFRS US GAAP Real World Relevant Facts of the Case • Lessee Ltd. – British Company that applies IFRS – Leases equipment from Lessor Inc. – 3 years – No purchase or renewal options & equipment reverts back to Lessor when lease expires – Remaining useful life = 4 years – Guaranteed Residual Value of $20K Accountants Analysis Relevant Questions 1. Was the junior
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Accounting Policies Introduction Within the financial statements there is a section that discloses the accounting policies used by the company for the financial year. The purpose of this will be discussed in this assignment while being applied to Morrison’s final accounts. The IASB will also be discussed; the discussion will include legislation which will show the legal requirements that the company has to keep to. It will then go on to explain why they may use those policies and who do they
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De La Salle Professional Schools‚ Inc. Graduate School of Business COMMENTARY: GLOBAL COMPARABILITY IN FINANCIAL REPORTING: WHAT‚ WHY‚ HOW AND WHEN? REACTION PAPER The commentary paper mainly deals with the evolution and convergence of accounting standards. In response to comparability & convergence issues that have arisen to date‚ the commentary has discussed what comprises global comparability in financial reporting‚ why it has arises and how they could make
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CICA Handbook. (2010). General Accounting Section 1000: Financial Statement Concepts‚ 1000.01-.58. Retrieved November 3‚ from Knotia.ca. CICA Handbook (2010) Dunwoody‚ DBO. (2009). Canadian GAAP- IFRS Comparison Series Issue 8: Leases. Retrieved November 13‚ from http://www.bdo.ca/library/publications/ifrs/documents/AAIssue8Leases.pdf Grossman‚ A.‚ Grossman‚ S Pounder‚ B. (2009). New Views on Lease Accounting. Strategic Finance‚ 90(11)‚ 16-18. Retrieved November 9‚ from Business Source Complete database
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Course Outline ACCO 310/1 Financial Reporting I Summer 2013 Session 2 General Information Course Number: ACCO 310 3 credits | | | | | | |Section |Professor Robert B. Campbell | | |
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International Financial reporting Standards. Retrieved from http://www.iasplus.com/standard/preface.htm Nguyen‚ T.P.U. (2010). A History of the Development of New Zealand Accounting Standards for small and medium enterprises and the future prospects of IFRS for SMEs. (Master thesis‚ Auckland University of Technology). Retrieved from http://aut.researchgateway.ac.nz/bitstream/10292/1008/4/NguyenU2.pdf ShareChat.co.nz (2011‚ March 31). News: External Reporting Board appointments announced. Retrieved from
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MASTER OF BUSINESS ADMINISTRATION Academic Calendar SEMESTER IV July 2011-13 Batch Start and End of Semester IV Start and End of Lecture Period Mid Semester Exam Semester End Exams Dissertation Start and End Date : : : : : January 2 – Mid June 2013 January 2 – March 16‚ 2013 February 12 & 13‚ 2013 March 25 – 30‚ 2013 April 1 – June 1‚ 2013 HOLIDAYS January 14‚ 2013 January 25‚ 2013 January 26‚ 2013 March 29‚ 2013 April 11‚ 2013 April 23‚ 2013 May 01‚ 2013 May 13‚
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