Accounting Convergence: Advantages and Disadvantages Winston Churchill once said that “there is nothing wrong with change‚ if it is in the right direction” (Thinkexist.com) . Today‚ the accounting profession and standards in the United States is facing one of the biggest changes it has seen in a long time: the convergence of its Generally Accepted Accounting Principles (GAAP) to the International Financial Reporting Standards (IFRS). Is this a step in the right direction for the United States
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This thesaurus of terms for business and work is a simple quick tool for improving written and spoken communications. Choosing your words carefully is vital for effective communicating. Sometimes a common word is best replaced by a less common word. Sometimes a common word is better than an unusual word. Words must make sense and have relevance to the reader‚ and also reflect the tone and purpose of the communication. Being able to choose different words to suit different situations can help achieve
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Sports in everyday life According to Gandhiji and Tagore‚ all round development of a child should depend upon the true education imparted to us. Education must be the result of overall development of the child i.e. Mental‚ moral‚ social & physical. Education develops a personality which a person carries forward in his/her life. But now-a-days more stress is laid on the mental development. Merely being good in academics is not everything. More and more importance should be given to physical development
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What is meant by the term mandated benefit? Describe government-mandated benefits. What are the advantages and disadvantages of each? A mandated benefit is a law that requires a health insurance policy or health plan to cover specific providers‚ procedures‚ benefits or people. Mandated benefits are controversial. Some view them as consumer protections that ensure access to important care‚ while others contend mandates are promoted by narrow special interests and add significant cost but marginal
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Describe what is meant by motivation. What types of non-financial reward might a company use to motivate employees? Ans: Motivation may stem from personal interest such as keeping safe or from external factors such as praise and reward. Non-financial rewards: * appreciation of hard work * a sense of achievement * responsibility and empowerment * opportunity for advancement * a sense of challenge and enjoyment. 2. Describe the effects of an unmotivated workforce on a company. How does Tesco
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What has been the impact of the concentration of media ownership on media diversity? The term ‘concentration of media ownership’ describes the apparent practice whereby gradually fewer organizations or individuals have direct control over ever-increasing shares of the mass media among public consumers; other terms in relation to this are ‘media consolidation’ and ‘media convergence’. The concentration stems from institutions merging to secure a more stable financial status as well as greater corporate
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What is really meant by success? We are different individuals with different views and ideas about a certain matter. And every time we are asked about our dream in life‚ we often say that we want to be successful in life. The question is what is meant by success? When can we say that you are already successful? Our professor (Ma’am Jimenez) asked this during our last class prior to our examination in her class. We had offcourse our own definitions and indicators of success. Well‚ some of my
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| Convergence | Acc304 | | Home | 5/22/2011 | This report will discuss the convergence of IFRS and GAAP‚ it will cover some of the similarities and differences between the two‚ go over risk for companies as well as ways for companies to prepare. | IFRS and GAAP and what convergence means. In financial surprise accounting the objective for financial reporting are to provide useful information for potential investors and creditors‚ assessing cash flow‚ and about claims and changes
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What is meant by style and stylistics? Style is concerned with the artful expression of idea and stylistics is the bridge that links the idea of style to the analysis of literary texts through the tool of linguistics. The 19th century‚ that witnessed evolution in the field of biography‚ historiography‚ anthropology and others‚ could not remain unattached to immutable linguistic and stylistic norms in literature. Linguistic study was esoteric in the beginning and severely criticized as‚ "pretension
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the beating drums and stomping feet‚ except for Hilde’s. Her soul was quiet and broken. Hands folded and head bowed‚ like a saint in holy prayer‚ she sat in her thrown on the platform and softly cried at her misfortune. She hadn’t meant to do it‚ of course. She hadn’t meant to throw the goblet so hard. But who could blame her? It was after mass that morning‚ and as she rushed along the halls of the Palace Mergova‚ she searched for her beloved betrothed‚ Lord Johann of Saxony. The excitement of her father’s
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