and US Financial Accounting Standards Board (FASB) have been joined and worked together on convergence project since 2002 for the purpose of combining US accounting standards and global standards into a single International financial reporting standards. This paper will discuss about the history and the relationship between International Accounting Standards Board and Financial Accounting Standards Board. It also evaluates the IASB equivalents of the FASB original pronouncements. Finally‚ this paper
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FASB Accounting Standards Codification (ASC) Section 958-605-25 requires that not-for-profits wait to recognize a contribution until they are satisfied that the likelihood is remote that the conditions that accompany the contribution will not be met (Tysiac‚ 2017). According to FASB ASC 958-605-8‚ pursuant to paragraph 958-605-25-2‚ an unconditional promise to give shall be recognized when it is received. There must be satisfactory confirmation that a promise was made and received in the form
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This work contains POS 420 Week 5 UNIX Paper Computer Science - General Computer Science POS 420 Week 1 UNIX® and Linux® Comparison Matrix Resources: University of Phoenix Material: UNIX® and Linux® Comparison Matrix Complete the UNIX® and Linux® Comparison Matrix located on your student website. See the Assignment 1 post in the Main forum or Course Materials forum for detailed instructions. POS 420 Week 2 Individual File Processing Commands Worksheet
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/* * To change this template‚ choose Tools | Templates * and open the template in the editor. */ package commission2; import java.lang.*; import java.text.DecimalFormat; import java.util.Scanner; /* * @author * Week 3 Individual Assignment * Assignment: Simple Commission Calculation Project Part 2 * Due Date: */ public class AnnualCompensationCalculator { /** * main method begins program execution */ public static void main(String args[])
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Draft and related Invitation to Comment. No decisions were made. At a previous meeting‚ the Board decided to issue the FASB’s final Statement on Fair Value Measurements as an IASB Exposure Draft with an Invitation to Comment. The appendices in the FASB document dealing with consequential amendments and references to US GAAP pronouncements will be replaced with proposed consequential amendments and references to IFRSs. The Board further decided that there should be limited changes to the FASB’s document
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debiting “Contribution Expense” and “Loss on disposal of x asset” for $2‚000 and $8‚000 crediting the asset for $10‚000. In this case‚ the fair value of my asset was lower than its book value forcing me to recognize a loss on my contribution. FASB ASC 845-10-30-1 In general‚ the accounting for nonmonetary transactions should be based on the fair values of the assets (or services) involved‚ which is the same basis as that
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BUSN LAW 420 FRANCISCO FERREIRA WEEK 7 ASSIGNMENT Since this class is going to be part of my major and all the reading and the concept of business law‚ it will be very helpful for my major as well. In this 7 weeks I have learned about contracts‚ verbal‚ electronics and some others that I know are going to be part of my every day tasks‚ also at the mean time where to go or to do at a specific court house too. The knowledge that I got
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widely recognized that revenue is one of the most important items in financial statements and that revenue recognition is one of the most difficult issues that standard-setters and accountants have to deal with (FASB‚ 2002). There exist a variety of reasons for the emergence of the IASB-FASB joint project on revenue recognition. The most essential reason is‚ as stated in the exposure‚ that revenue recognition requirements in US Generally Accepted Accounting Principles (GAAP) differ from those in International
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Creativity in Social Systems Juan Davis COM/420 February 17‚ 2013 James Voketaitis Creativity in Social Systems A creative individual is a fundamental element to success and achievement. Creative behaviors builds positive relationships and creates an origin for a surpass future. Arieti constructed a listing of Nine Features of the "Creativogenic" Society which has unbolted the perceptiveness of society. To further explicate its consistency is the accessibility
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INTRODUCTION & CHAPTER 1 1. What is the main point of marketing myopia? a. Railroads only saw themselves in the railroad business – not the transportation business; they became product oriented instead of being customer oriented. b. There was not a lack of demand‚ as they claimed; transportation customers just chose cars‚ planes‚ etc. 2. There is no such thing as a commodity. Define yourself broadly and in terms of your customer 3. Working Assumption – managers work to maximize the value of
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