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Research Paper, Revenue recognition under U.S. GAAP and IFRS comparison. This research paper will be exam history and principle of GAAP and IFRS. Also discusses the difference in revenue recognition and measurement, explain importance of understand from an investor perspective by providing example and which specific industries may affect. Be sure to include the following core components concerning your theory topic. 1. Historical development of financial accounting theory. 2. Current GAAP. 3. Compare and contrast U.S. GAAP and IFRS in respect to your topic. 4. Suggested changes or problem areas revealed in the debate arena. 5. Analyze points 2 and 3 in relation to the Conceptual Framework (include qualitative characteristics of useful information). 6. Suggest appropriate courses of action. 7. Provide a biblical application, supported by Scripture, in respect to your topic.
What happens to the fundamental accounting equation when the sole proprietor of a business invests more cash in it
Investment income and related expenses amount to $7,000 and $500, respectively. What is Mike and Sally's interest deduction for the 2010 tax year?
During the current year, Garrison Construction trades an old crane that has a book value of $80,000 (original cost $140,000 less accumulated depreciation $60,000) for a new crane from Keillor Manufacturing Co. the new crane cost Keillor $165,000 t..
Homer Simpson bought a house for $70,000 some years ago. Heput 20% down and financed the rest with a 25 year mortgage of 8.5%interest. How much equity does Homer have in the house?
Sears issues bonds with a par value of $138,000 on January 1, 2009. The bond' annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance..
The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfeitures are anticipated. Ignoring taxes, what is the effect on earnings in the year after the options are granted to executives?
During the current year, the cost of direct materials purchased by a manufacturing firm was $340,000, and the direct materials inventory increased by $20,000. What was the cost of direct materials used during the year?
Discuss why individual has different way of choosing different method of accounting. Do you think particular Accounting Standard, Corporation Law or Conceptual Frameworks reducing different choice of Accounting Method? Or Standardization will reso..
Find a newspaper or magazine even online and select an article relating to the use of governmental funds by state, county, local government, etc on an activity.
Which one is not correct in the context of tax accounting?
Explain the concept of “business ethics”. Critically discuss the term “complex ethical dilemma”. Reviewing the real life situations mentioned in the document Complete Guide to Ethics Management:
Sarah incurred employee business expenses of $5,000 consisting of $3,000 business meals and $2,000 customer entertainment. She provided an adequate accounting to her employer's accountable plan and received reimbursement for one-half of the total ..
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