Chinese people have their own accounting rules that are totally different from occidental countries’ accounting rules. With the development of China’s economy and the implementation of the reform and opening policy‚ Chinese economic system became from planning economy to free- market economy‚ more and more occidental countries focus on China -a fast developing country. More and more international cooperation and trade appeared. In order to get the best investment‚ to know well Chinese accounting system
Premium Financial statements International Financial Reporting Standards
Dick’s Sporting Goods IFRS Conversion Introduction Dick’s Sporting Goods is a sporting goods retailer headquartered in Pittsburgh‚ Pennsylvania. Dick’s has 451 stores nationwide and 81 Golf Galaxy stores. Dick’s Sporting Goods was founded by Richard Stack in the early 1960s. This paper is focused on the notes of the consolidated financial statements which are changed from U.S. GAAP to the IFRS standards. Financial Statement Presentation First‚ on the 2011 Annual Report of Dick’s Sporting
Premium Balance sheet Generally Accepted Accounting Principles
US GAAP and IFRS Part 3 China GAAP and IFRS Part 4 Summary of Convergence Process Part 5 Pros & Cons of Convergence Part 6 The reasons for differences in accounting practice ww.ifrs.org + The International Accounting Standards Board + The International Accounting Standards Committee (IASC) Foundation + Objective – a single set of global financial reporting standards + Aim – convergence between national standards and international standards + IFRS Framework + IFRS SMEs + Supported
Premium International Financial Reporting Standards Financial statements Balance sheet
ADOPTION OF IFRS: IT`S BENEFITS AND IMPACTS ON FIRMS AND COUNTRIES AROUND THE WORLD The IASB was established in 2001 and since have assumed the responsibility of the standard setting from its predecessor body‚ the International Accounting Standards Committee (IASC) and began issuing International Financial Reporting Standards (IFRS). IFRS has recently been dominating the regulatory changes in accounting for listed companies around the world. Through the years‚ over 100 countries have adopted IFRS reporting
Premium International Financial Reporting Standards Financial statements
report is about the evaluation of the convergence project to form a global standardized financial statement. IFRS is a set of international accounting standards stated how particular types of transactions should be reported in financial statements. However‚ U.S GAAP is a common set of accounting principles‚ standards and procedures that companies use to compile their financial statement. IFRS is issued by the International Accounting Standard Board (IASB) whereas U.S GAAP is issued by the Financial
Premium International Financial Reporting Standards Financial statements
A report to identify‚ discuss and assess the nature of Talent Planning in organisations 1. Introduction 2. Attracting talent 3. Diverse workforce 4. Factors that affect recruitment and selection 5. Recruitment and selection methods 6. Induction 7. Concluding statement 1. Introduction This report aims to assesses factors that affects organisations ’ approaches towards: attracting talent; recruitment and selection (including an investigatory approach to specific methods used); obtaining a
Premium Recruitment Employment
International Financial Reporting Standards (IFRS) 6 Exploration for and Evaluation of Mineral Resource International Financial Reporting Standard (IFRS) 6‚ The exploration for and evaluation of mineral resources‚ is defined as “The search for mineral resources including minerals‚ oil‚ natural gas and similar non-regenerative resources after the entity has obtained legal rights to explore in a specific area‚ as well as the determination of the technical feasibility and commercial viability of
Premium International Financial Reporting Standards Asset International Accounting Standards Board
Porter Gervais Professor Duron 10/21/13 IFRS Rough Draft Ch.20 IFRS vs. GAAP When accounting for pensions and post-retirement benefits‚ IFRS and GAAP have similarities as well as differences. There are two pension plans that are frequently used in accounting for pensions. These two plans are known as‚ defined contribution plan and defined benefit plan. Both GAAP and IFRS separate their pension plans‚ but their accounting for defined benefit plans differ. Another major difference occurs
Premium Pension
ey.com/IFRS Issue 2 / May 2011 IFRS Developments What you need to know • Common requirements now exist between US GAAP and IFRS on how to measure fair value • IFRS 13 does not change when an entity is required to use fair value‚ but rather‚ provides guidance on how to measure the fair value of financial and non-financial assets and liabilities when required or permitted by IFRS • While many of concepts in IFRS 13 are consistent with current practice‚ certain principles‚ such
Premium Asset International Financial Reporting Standards Balance sheet
Comparing IFRS to GAAP Craig Ronquillo ACC/291 8 December‚ 2014 Joseph Bailey Comparing IFRS to GAAP I will be comparing IFRS to GAAP‚ and be discussing many ways these two get along with each other and see what they do differently as well‚ they both have their ways of doing things which are easier but sometime even harder. IFRS 8-1: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial instruments? In what ways have some of the approaches differed
Premium Generally Accepted Accounting Principles Depreciation Asset