Fiat GROUP IAS/IFRS First Time Adoption March 30‚ 2005 Disclaimer This document was prepared to provide a general overview of the impacts of IAS/IFRS on the accounts of Fiat Group during the transition from Italian GAAP to IAS/IFRS As provided for in IFRS 1 – First-time adoption of International Financial Reporting Standards – the information is prepared in accordance with IAS/IFRS published as of December 31‚ 2004 and applicable as of January 1‚ 2005 Information presented in this
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Financial Statements IFRS vs. GAAP Kathrine D. Nepon Strayer University John Ware ACC 401 November 27‚ 2011 ABSTRACT For those in the business world‚ particularly in the accounting field‚ a major issue has surfaced in recent years relating to the differences between Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS). Currently‚ the majority of countries in the world follow International Financial Reporting Standards guidelines; however
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SEC released this statement in 2008‚ “We believe that IFRS has the potential to best provide the common platform on which companies can report and investors can compare financial information.” The SEC has created a “Roadmap” or plan to convert US GAAP over to IFRS. According to The Committee of Sponsoring Organization of the Treadway Commission (COSO) Analysis of Fraudulent Financial Reporting 1998-2007‚ the most common fraud technique involved improper revenue recognition. This fact emphasizes
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IS IFRS a better Accounting Standard than US GAAP for achieving good financial reports? This research paper delivers an analysis of determining whether the International Financial Reporting Standards‚ hereafter known as IFRS‚ is a better reporting standard than the US Generally Accepted Accounting Principle (GAAP). Financial Statements have to provide high quality financial reporting information with regards to economic entities‚ primarily financial in nature‚ which are useful for economic decision
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Is Human Cloning Acceptable in Today’s Society ? INTRODUCTION In my paper I will be talking about cloning‚ how scientists are trying to clone humans and if it acceptable in today’s society and should it be. I will also be informing the reader about how scientists try to do it and why. Cloning is the process of producing populations of genetically-identical individuals that occurs in nature when organisms such as bacteria‚ insects or plants reproduce asexually (amphibians are the best examples)
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ABORTION 1 Abortion should be Acceptable under Good Reasons Rachel Garcia PHI: 107 Philosophy of Human Conduct (GSI1022F) Eszter Barra-Johnson June 28‚ 2010 Ashford University ABORTION 2 Abstract Abortions have been legal in the United States since 1973 after many lawsuits. Now there are controversial issues surrounding the topic of abortion. Is it right or is it wrong? Many people believe that it is wrong‚ but there should be exceptions
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century of electronics by providing computers and devices‚ there are some schools who allows their students to bring their own device/technology to be able to utilize the information provided in the school as well as in their household. As there is an Acceptable Use Policy (AUP) in placed that standards are similar to each other school district within the United States‚ it is important for the student and parent to understand what is not tolerated when having access to bring their own device/technology
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Unit 5 Assignment 2 – Define an Acceptable Use Policy (AUP) Richman Investments holds requirements for the usage of the company network including filtering policies for network traffic LAN – WAN is where the IT infrastructure links to a wide area network and internet. For Security (Administrators and Managers) Security monitoring controls for intrusion Apply an email server antivirus (also applies for attachments) Disablement for ping‚ probing‚ and port scanning on all exterior IP devices
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| Why Establish an Acceptable Usage Policy? | | By | Stephen Lyons | | | | Background For the Past 15 years‚ I have been supporting small businesses with computer problems‚ ranging from desktop support to network and server integration. I have been a Microsoft® Certified Professional since 1999‚ and a Microsoft® Certified Small Business Specialist for over a year. I ran my own company‚ Lyons Den Computer Services‚ Inc.‚ from 1992-2007. I exclusively serviced businesses with
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U.S. GAAP vs. IFRS on Depreciation Generally‚ U.S GAAP and IFRS both view depreciation as allocation of cost over an asset’s life. There are three steps of the depreciation process: firstly find depreciable base of the asset‚ and then estimate asset’s useful life and last choose a method of cost apportionment that best matches revenue flow from the asset. Depreciation methods allowed under U.S. GAAP include straight-line‚ units of production‚ or accelerated methods (sum of digits or declining
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