Framework for Financial Reporting: A Critical Analysis Author: American Accounting Association’s Financial Accounting Standards Committee George J. Benston (Primary author); Douglas R. Carmichael; Joel S. Demski; Bala G. Dharan; Karim Jamal; Robert Laux; Shiva Rajgopal; George Vrana. Summary: FASB organizes the discussion of these conditions: users of financial reports‚ primary use of financial statements- management and investment decisions‚ cash flow as the objective of financial reporting‚ limitations
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PEARSON (pages 169-171) Mandatory reporting refers to a legal requirement to report an act‚ event‚ or situation that is designated by state or local law as a reportable event all states mandate the reporting of certain vital statistics such as births and deaths many states require reporting of abortions and neonatal deaths federal and states laws mandate the reporting of communicable disease‚ including venereal diseases http://library.ahima.org/xpedio/groups/public/documents/ahima/bok1_023186
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Audit Program Design Part II Kendrick Cross‚ Teresita Gunn‚ Geri Franco‚ Heather Swayze ACC/546 July 08‚ 2013 Joseph Oloyede Sales and Collection Cycle When engaged in auditing a public firm‚ such as Apollo Shoe Inc.‚ an auditor must determine when to trust in the company’s internal controls and when to ascertain auxiliary testing methods are obligatory to analyze control risks. The sales and collection cycle is rather
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Nyyssonen. (2004‚ Aug. 13). Examining mobile phone use in the wild with quasi-experimentation‚ HIIT Technical Report 2004-1‚ Helsinki‚ Finland. [Online]. Available: http://www.hiit.fi/publications/pub_files/hiit20041.pdf [2] Grinter‚ R.E.‚ and M.A. Eldridge. y do tngers luv 2 txt msg? In Proceedings of the 7th European Conference on ComputerSupported Cooperative Work (ECSCW’01). Dordrecht‚ Netherlands: Kluwer Academic Publishers‚ 2001‚ pp. 219-38. [3] Froehlich‚ J.‚ M.Y. Chen‚ I.E. Smith‚ and F
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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 it into reality and its timeline
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see myself enforced to have reported the company to the authorities as this is a serious violation of accounting ethics‚ and I would not want to be part of such violations. WorldCom’s reaffirmation of earnings had put the company in default of bank agreements. Such default resulted in loans being called in for immediate payment. WorldCom’s financial problems made it impossible for it to make enough profit to cover such loans as they were called in. Dreading bankruptcy and the possibility of interruption
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AbstractChange can be particularly upsetting and can cause havoc to all involved in any organization. One myth is that change is "bad". Change itself is neither good nor bad‚ only the responses and outcomes of change can be considered good or bad. Change is unavoidable and essential in any industry. Without change organizations would be left behind and lose their competitive advantages. This paper will discuss the description of a home health care company and the plan to implement a service that
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1 Building an Ethical Organization part 2 July 21‚ 2013 HSM/230 Cheryl Henry 2 An ethical organization is not only best for the people it serves but also best for the organization. Being able to describe the organization is key to helping others understand what it is that the employees are trying to accomplish. A mission statement helps to keep the ideals or the organization in mind‚ as well as establishing what target population they would help. A values statement help the organization
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calculations you perform for this CheckPoint form the basis of your analysis of your capstone project. · Write in 100 to 200 words an explanation of the three tools of financial statement analysis and the function of each. · Examine PepsiCo‚ Inc.’s Consolidated Balance Sheet on p. A6 in Appendix A of Financial Accounting‚ especially its Current Assets‚ Current Liabilities‚ and Total Assets for years 2005 and 2004. · Calculate the following for PepsiCo‚ Inc. and show
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Building an Ethical Organization Part 2 Barbara Wheeler HSM/230 February 26‚ 2012 Kelli Trueba Building an Ethical Organization Part 2 In April 2010‚ the newly formed The Center for Sexual Abuse/Assault Recovery will open their doors. According to the U.S. Department of Justice (2009)‚ a sexual assault happens once every two minutes. The victims of these assaults need a safe place to turn for assistance. Currently there is no centrally located center for these victims. As the director of
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