Q3: Should Apple lobby the FASB to change the revenue recognition rules for smartphones? In our opinion‚ Apple should lobby FASB to change the revenue recognition rules for smartphones‚ given the following reasons:- 1. Under “non-GAAP measures”‚ Apple’s performance looked much better than that under GAAP measures. Please find below a table1 summarizing the differences of key financial data between GAAP and non-GAAP measures for the fourth quarter of 2008:- Q4 2008 GAAP ($ billions) Non-GAAP
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influence does the SEC have over the FASB pertaining to setting accounting standards? Do the SEC and FASB work together as believed by the authors of The Accounting Standards Setting Process in the U.S.: Examinations of the SEC-FASB Relationship ? Or is the FASB in complete control of the standard setting process? The SEC has the legal responsibility to set accounting standards‚ but gave this duty to the FASB. According to the article a lot of what the FASB does is a reaction to the immense pressure
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“Outline the evidence that some ethnic groups are disadvantaged in contemporary UK” Ethnic identity as difference can be related to the qualities we carry that makes us different. For example the different clothes we wear the different cultures we adopt or the different languages we speak. As a result of difference‚ inequality may arise as some cultures or ways of life are seen to be superior compared to others. This is also enforced through various socialisation processes like Education where Gilborn
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Assignment title: Change article Assignment subtitle: The AOL – Time Warner merge – why being a successful business doesn’t guarantee success The article is addressing: personal factors influencing the adaptation of change Word count: The AOL – Time Warner merge – why being a successful business doesn’t guarantee success This article describes the merge of two large concerns in the US when the Internet was an upcoming business. America Online is a global Internet company that provides the services
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EDT 5374 Final Project: Using Mail Merge in Microsoft Word 2010 and making a video tutorial with CamStudio‚ VirtualDub‚ & Freemake Table of Contents EDT 5374 Final Project: Using Mail Merge in Microsoft Word 2010 and making a video tutorial with CamStudio‚ VirtualDub‚ & Freemake 1 Step by step reference: Using Mail Merge in Word 2010 1 Step by step reference: Making a video tutorial with CamStudio‚ VirtualDub‚ & Freemake 4 Learning Objectives 8 Learning Standards 8 Transcript of the
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“Why can’t we have those curves and arches that express feeling in design? What is wrong with them? Why has everything got to be vertical‚ straight‚ unbending‚ only at right angles - and functional?” ¾Charles‚ Prince of Wales. (Quotes) Three years ago I was studying high school in Los Angeles‚ and during vacation I travelled around and explored the city. I still remember out of all the locations that I have toured‚ Walt Disney Concert Hall probably is the one that stands out most in my memory
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the difference between the United States accounting standards and International accounting standards. The United States uses the Financial Accounting Standards Board (FASB) to issue financial reporting procedures. The International Financial Reporting Standards (IFRS) are issued by the International Accounting Standards Board (IASB). There are proposals for the United States to adopt the International standards. Financial reporting procedures are debated about the United States using the Generally
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takes the view that an industry operates in the situation where there are a number of interest groups (constituencies). Development of standard setting approaches in various countries IASB The International Accounting Standard Board (IASB) is the independent‚ accounting standard-setting body of the IFRS. The IASB was founded on April 1‚ 2001 as the successor to the International Accounting Standard Committee (IASC). It is responsible for developing IFRS and promoting the use and application of these
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accounting. History of FASB and IASB The FASB has been establishing accounting standards for the private sector ever since 1973‚ when it was formally formed. The FASB is documented as the commanding team by the American Institute of Certified Public Accountants and the Securities and Exchange Commission. The FASB is a private organization. The FASB is predominantly responsible for the establishment of accounting rules and reporting standards. The main assignment of the FASB is to improve accounting
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Board (FASB) and the International Accounting Standards Board (IASB) are the most influential standard-setters in accounting report systems. This paper will provide a brief history of each organizations and their interrelationship‚ in which IASB is equivalent to the original pronouncement of FASB. Furthermore‚ this paper will explain the benefit of Master of Science in Accounting (MSA) program and how it guides students to future professional career in accounting vocation. History of FASB The FASB
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