Reference no: EM131102661
(Models for Setting GAAP) Presented below are three models for setting GAAP.
1. The purely political approach, where national legislative action decrees GAAP.
2. The private, professional approach, where GAAP is set and enforced by private professional actions only.
3. The public/private mixed approach, where GAAP is basically set by private-sector bodies that behave as though they were public agencies and whose standards to a great extent are enforced through governmental agencies.
(a) Which of these three models best describes standard-setting in the United States? Comment on your answer.
(b) Why do companies, financial analysts, labor unions, industry trade associations, and others take such an active interest in standard-setting?
(c) Cite an example of a group other than the FASB that attempts to establish accounting standards. Speculate as to why another group might wish to set its own standards.
Calculate the break-even revenue
: Easy-Barrows, Inc., produces wheelbarrows. Its costs have been analyzed as follows: Calculate the break-even quantity. Calculate the break-even revenue.
|
Describe the biological- learned and cognitive components
: Describe the topic you are addressing and its impact on employee performance. That is, demonstrate how test anxiety or competition arousal affects peak performance in the employee work situation.
|
Design of the data center
: 1. How does the design of the data center differ from the design of the LANs intended to provide user access to the network?
|
Explain how your understanding of data analysis
: Explain how your understanding of data analysis through web analytics has developed or changed as a result of the research you have conducted for this assignment in 250-350 words.
|
Which of these three models best describes standard
: Which of these three models best describes standard-setting in the United States? Comment on your answer.
|
Discuss the macroeconomic supply of labor
: Discuss the macroeconomic supply of labor. Under which circumstances would you expect zero elasticity with regard to the real wage? In the real world this elasticity more often than not differs quite a bit from zero. Is this compatible with the theor..
|
Concepts of impatience and internal discount rate
: Explain the concepts of impatience and internal discount rate (of an individual). (Hint: the example of a depletable resource may be useful for handling this task.) To determine the intertemporal consumption decision of an individual the concept of d..
|
Determining the configure redistribution
: Your company is running IGRP using an AS of 10. You want to configure EIGRP on the network but want to migrate slowly to EIGRP and don't want to configure redistribution. What command would allow you to migrate over time to EIGRP without configuri..
|
Derive an expression for the detection gain of a dsb system
: Derive an expression for the detection gain of a DSB system for the case in which the bandwidth of the band pass predetection filter is BT and the bandwidth of the
|