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While the world is getting globalized, so is Accounting.
In this context, I want to initiate a discussion here about this aspect of Accounting.
What is meant by IFRS? What is the convergence project? What are some differences between IFRS and GAAP. Cite a specific area and clearly show how this area of accounting is different.
What are your thoughts about the harmonization of global accounting standards? Pros and cons? You don't have to answer every question. You can pick and choose to answer one or more.
Your submission must be at least 500 words excluding citations. Please indicate your word count at the start of your submission.
Presented below are selected transactions at Thomas Company for 2006. Prepare necessary adjusting entries at December 31 to record amortization required by the events above.
wathan inc. sold 180000 in inventory to miller co. during 2008 for 270000. miller resold 108000 of this merchandise in
Discuss the inherent audit risk with the use of account receivable confirmation letters and how this risk can be minimized by the auditing firm.
2000 points awarded for the correct answers to 5 questions.1.biancuzzo corporation has provided the following data from
evan transferred inventory to a corporation in a code section 351 transaction. his basis in the inventory was 10000 and
During the year 3, Gruber paid out $20,000 in benefits and continued to contribute $70,000 to the plan. The plan assets had a fair market value of $377,000. What was the amount of the return on plan assets in year 3?
Determine the percentage of total assets that were provided by creditors, investors, and earnings.
How can a company have a profit but not have cash?
analyse the folowing costs betweeni direct materialsii direct labouriii
The company plans on producing 40,000 units and actually did, Sales totaled 37,000 at $42 each. Costs: The companies variable-costing net income would be:
richter company has a single product called a wim. the company normally produces and sells 87000 wims each year at a
Imagine that your CPA license has just come in the mail. You framed it and you just finished hanging it in the wall over your desk.
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