American Accounting Association DOI: 10.2308/acch.2010.24.2.279 Accounting Horizons Vol. 24‚ No. 2 2010 pp. 279–296 COMMENTARY The American Accounting Association’s Financial Reporting Policy Committee’s Response to the Preliminary Views on Financial Statement Presentation The Financial Reporting Policy Committee of the Financial Accounting and Reporting Section of the American Accounting Association Mark Bradshaw‚ Carolyn Callahan‚ Jack Ciesielski‚ Elizabeth Gordon‚ Mark Kohlbeck
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According to Weetman (2006 p25) ‘accounting is the process of identifying‚ measuring and communicating financial information about an entity to permit informed judgements and decisions by users of the information.’ If we extract the suffix of the word‚ we are left with the word ‘account’. To account for something is to take something into consideration. In terms of finance‚ accounting for something can be seen as baring it in mind when compiling financial information. Synony mously‚ taking something
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Internet? You can find information on any topic you choose‚ from the click of a button or two‚ right at your fingertips. You can communicate with others from across the globe‚ or even look up movie times at your local movie theatre. Maybe you just want to get lost in a good videogame. With the computer taking over our daily lives‚ everyone takes advantage of it in different ways. With all the different uses the computer provides‚ this creates various types of computer users. I myself use my computer
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Attending University The reasons are many in today’s competitive‚ global economy. Not only are we competing for jobs right here at home‚ we live in standard impacted of the society. Attending university or college can be like a marathon run. Perseverance and pace will impact your success. Education is still one of the best investments we can make in ourselves; as we inspire making our mark on the world. At one point or another in their high school lives‚ students are face with one big question:
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When I started my university life on the first day‚ I faced a lot of challenges‚ and so did other students‚ especially the ones who moved from provinces. Of course‚ sometimes it is easy for us to adapt things around us‚ but sometimes not. Therefore‚ this theory also applies to students who have just graduated from high schools and move to a higher education. Some students can adapt and deal with it easily‚ whereas others face three challenges: study styles‚ financial problems and major selections
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will I am sure be of interest not only to our student audience but as a refresher to those of you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received
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Jim McFie‚ a Fellow of the Institute of Certified Public Accountants of Kenya FASB (the Financial Accounting Standards Board‚ a US body) was the first organization to develop “Concepts Statements”. All the other “Concepts Statements” have been based on those developed by FASB. A new “Conceptual Framework for Financial Reporting” was worked on jointly by FASB and IASB (the International Accounting Standards Board) and was published simultaneously by FASB and IASB in September 2010. It deals with
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YOUTUBE: TIME TO CHARGE USERS? Over the years Youtube‚ the online video sharing website‚ has grown in popularity serving viewers all over the world with a large variety of content‚ from user generated videos to more premium content offered on an array of channels. Currently Youtube generates its revenue from advertising‚ in the form of ads on the websites homepage‚ in-video ads as well as sponsored videos and links (Elberse & Gupta‚ 2010). While this business model has allowed the company
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3. The main problems from the Cyclermate business 3.1. Production – the manufacturing issue Initially‚ Cyclermate have been using the old and ancient materials as steel tube‚ automated tube to cut saw and bend machine‚ so it can pull the productivity because they just can not meet the physical demands of the task and difficult to keep the level of production‚ so this is the reason why the number of complaints from customers about the quality and faults of their cycle production have highly increased
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bottom of the page the main navigation bar‚ which includes links to other information found on the website. To finalize this point‚ the home page is different from the other pages on the site but maintains the same font‚ color palette and design‚ making the website very consistent. Communicating Information about the company. The second point of this analysis talks about the communicating of information about the company. The website communicate very well their information too. As the first point
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