THE JOURNAL OF ACCOUNTING ANAN Volume 1‚ No 1‚ March 2009 Published by: Nigerian College of Accountancy‚ Jos Postgraduate Professional College and Training Arm of ANAN ...Advancing the Science of Accountancy EDITORIAL BOARD Prof. Edet Robinson Iwok‚ Ph.D‚ FCNA Prof. A. A. Okwoli‚ Ph.D‚ FCNA Prof. Abimaje Akpa‚ Ph.D‚ FCNA Prof. B. C. Osisioma‚ Ph.D‚ FCNA Prof. Edet B. Akpakpan‚ Ph.D‚ FCNA‚ Prof. A. C. Ezejulue‚ Ph.D‚ FCNA Prof. A. S. Mikailu‚ Ph.D‚ FNIA Chairman‚ Education‚ Training
Premium Audit Financial statements Finance
Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
Premium International Financial Reporting Standards Financial Accounting Standards Board Financial statements
[pic] ATPB 313 / ACTB 423 Accounting Theory & Practice TOPIC 5: ACCOUNTING STANDARD SETTING Chapter 7 SHD Learning Outcomes At the At the end of this lecture‚ students should be able to explain: ✓ The three theories proposed to understand the process of regulation – public interest‚ regulatory capture and private-interest theory ✓ a comparison of the free market and regulatory approaches to standard setting ✓ International standard setting ✓ Standard setting in Malaysia Introduction
Premium International Financial Reporting Standards Accountant Financial statements
Harmonisation of accounting standards International accounting harmonisation can be defined as "the process of bringing international Accounting Standards into some sort of agreement so that the financial statements from different countries are prepared according to a common set of principles of measurement and disclosure". Harmonisation means that deviating rules‚ which do not exclude themselves‚ can continue to exist next to each other. That means harmonisation does not focus on the elimination
Premium International Financial Reporting Standards Financial statements International Accounting Standards Board
Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
Premium Balance sheet Business Asset
Why are diversity and inclusion important to the future of the CPA profession? *500-1‚000 words Word Count: 1‚046 According to Dr. Martin Luther King Jr.‚ “An individual has not started living until he can rise above the narrow confines of his individualistic concerns to the broader concerns of all humanity.” The selflessness he describes is of paramount importance to the future of the CPA profession‚ as this altruistic outlook fosters both diversity and inclusion. Looking beyond one’s self is
Premium Sociology Culture Management
Abstract Discussion on harmonization is started quite long time ago. Its impact on the countries economy is good or bad is the central idea of this essay. This essay is written specifically on the accounting standard used in Australia. This essay starts with introduction on various topics such as conceptual framework‚ IASB‚ Sacs then it discussed the issue of harmonization. Harmonization will have positive impact on the economy because it attracts overseas investors to invest in Australia. This
Premium International Financial Reporting Standards Financial statements International Accounting Standards Board
Qualify or Not? Acc/260 November 3‚ 2013 Qualify or Not? Viccio and Martin staff accountant Jane Ashley was assigned to work on an audit team with one senior auditor Frankie Small. The audit they were to perform was on the top paying client of Viccio and Martin‚ Models Inc.. Jane had spent time working for the firm while finishing her academics‚ and had been present for many other audits. This left her excited to show her employer all she had learned during this first assignment. Jane
Premium Balance sheet Audit Inventory
Chapter 01 Managerial Accounting and Cost Concepts Answer Key True / False Questions 1. Managerial accounting is primarily concerned with the organization as a whole rather than with segments of the organization. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Bloom’s: Knowledge Learning Objective: 1 Level: Easy 2. Managerial accounting places less emphasis on nonmonetary data than financial accounting. FALSE AACSB: Reflective Thinking AICPA
Premium Management Business Finance
2.1 Accounting standard-setters have an expectation that the readers of general purpose financial reports have a ‘reasonable knowledge’ of accounting. Specifically‚ the IASB Framework states that ‘users are expected to have a reasonable knowledge of business and economic activities and accounting and a willingness to study the information with reasonable diligence’. Hence‚ there is an expectation that financial statements are not tailored to meet the needs of people who have not‚ in some way‚ studied
Premium Accountancy Business Generally Accepted Accounting Principles