Accounting roles-business organization

Assignment Help Accounting Basics

Reference no: EM1363419

Accounting does not exist in isolation and changes in counting roles and enforcement impact business organization on a global basis

Please assist in answering these questions and provide factual opinions with references.

1. How widespread are IFRS? What will happen to US GAAP?

2. How has SOX (Sarbanes-Oxley) affected business organizations and the accounting profession? https://www.soxlaw.com/

3. What is the difference between a role-based and principle-based system?

4. Discuss Global Reporting initiatives, its purposes, the standard setting process and the use of its reporting system.

Here are some links that will assist you:
https://www.fasb.org/intl/convergence_iasb.shtml
https://www.globalreporting.org/Pages/default.aspx
https://www.globalreporting.org/Pages/default.aspx

Reference no: EM1363419

Questions Cloud

Create class for hardware store to represent invoice : Create a class called Invoice that a hardware store might use to represent an invoice for an item sold at the store. An Invoice should include four pieces of information as instance variables a part number.

Accounting for bad debts : What amount of bad debts expense will Hamilton Company report if it uses the direct write-off method of accounting for bad debts?

Variables found in biostatistics : Describe the source of variation which may occur in medicine and how they can affect clinical findings. Secondly, discuss the various types of variables found in biostatistics and how they affect data interpretation.

Explain organizations are challenged to allocate : Explain Organizations are challenged to allocate their resources and people in a manner in which the tasks and goals can be effectively accomplished.

Accounting roles-business organization : What is the difference between a role-based and principle-based system? Discuss Global Reporting initiatives, its purposes, the standard setting process and the use of its reporting system.

Computation of earnings per share : Pulp Paper Corporation and Holt Paper Corporation are able to generate earnings before interest and taxes of $150,000.

Costs of covering healthcare services : Compare the costs of covering healthcare services provided by HMO and PPO

Show completely graph showing initial equilibrium wage : Over the Christmas Break, you are hired by Apple to help make the new iPad. Show completely labeled graph showing the initial equilibrium wage and quantity for the iPad labor market.

Develop class templates for administrative employees : Develop classes or class templates for the following: Administrative Employees are paid a salary, but they also receive a bonus at regular intervals during the year. Add a class "Administrator" to the Employee class hierarchy.

User Account

All Pages