...Accounting The Codification — Do You Have All the New Topics, Subtopics, Sections, Subsections, and Paragraphs Memorized?In July 2009, the Codification became the single source of authoritative nongovernmental U.S. GAAP. The Codification’s hierarchy is topic, subtopic, section, and paragraph, in that order, each with a numerical designation (e.g., ASC 810-10-25-37, which was formerly paragraph 6 of Interpretation 46(R)). ASU 2009-17 incorporated Statement 167’s amendments to the VIE model into the Codification. The beginning of each section of this Roadmap contains quotes from the appropriate Codification paragraphs. In addition, for those of you still trying to find your way through the Codification, we thought it would be helpful for each Codification paragraph to be followed by a reference to the corresponding pre-Codification paragraph from Interpretation 46(R), as amended by Statement 167. Although ASC 810-10-55-37 (paragraph B22 of Interpretation 46(R)1) might not roll off your tongue like “B22 of FIN 46(R)” used to, the Codification is here to stay. However, we suspect that just as there are probably a few accountants who are clinging to their last version of the FASB’s Original Pronouncements (we know you are out there!), there are some that might need a little help finding the new VIE guidance in the Codification. Accordingly, Appendix D of this Roadmap includes a guide that cross-references the paragraphs from ASC 810-10 to the guidance in Interpretation 46(R), as...
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...There have only been 27 constitutional amendments since it was created. This shows how difficult it is to amend the constitution and rarely it is amended; only 17 of the amendments have happened in the last 210 years. There are four key reasons why it is hard to amend the constitution but there are other reasons, not to do with the amendment process, that have meant the constitution hasn’t been, or needed to be, amended. The first reason is that the Founding Fathers created a deliberately difficult process. To amend the constitution both Congress and that States have to agree using super-majorities. The use of super-majorities makes the process even more difficult. This is shown by the hundreds of amendments that have been proposed but not successfully carried through and legitimised. The need to get support from a super-majority in all the States is also very time consuming and costly and so it is even more difficult for politicians to get and amendment passed. Furthermore there is a huge percentage of the American population which are at opposing sides of the American political compass. This means that it is often very hard to get everyone to agree to the same policies and amendments and therefore very difficult to get a super-majority at state-level. The process created by the Founding Fathers means that it is incredibly difficult to amend the constitution but it wasn’t just amendment process they created which limits the number of amendments. The Founding Fathers also...
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...DBQ 2: The Bill of Rights The Constitution is a living document. The Framers of the Constitution wrote it to serve as the new governing body after fighting the Revolutionary War and declaring independence from Great Britain. Although all Framers agreed on a need for a new framework for a new government, the Federalists and Antifederalists had different priorities. In the end, the two sides merged their ideas through the Great Compromise and America’s Constitution was accomplished by ratifying a Bill of Rights. However, after over 200 years, the government’s efforts to balance individual rights and the safety of the greater good has not been effectively achieved. Over the years, as issues arise, the government makes decisions and interprets the constitutionality of the actions of the people. In a political cartoon, a man is burning an American flag while another man is burning the same flag printed on the back pocket of his pants (Document 1). This cartoon represents the Supreme Court case Texas v. Johnson, where Gregory Lee Johnson’s action of burning the US flag was declared symbolic speech, and is therefore protected by the 1st Amendment. The man burning another man’s pants is most likely someone who is offended by this ruling and is mistreating said ruling...
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...did not overturn the social order, but it did produce substantial changes in social customs, political institutions, and ideas about society and government. Among the changes were the separation of church and state in some places, the abolition of slavery in the North, written political constitutions, and a shift in political power from the eastern seaboard toward the frontier. The first weak government, the Articles of Confederation, was unable to exercise real authority, although it did successfully deal with the western lands issue. The Confederation’s weakness in handling foreign policy, commerce and the Shays Rebellion spurred the movement to alter the Articles. Instead of revising the Articles, the well-off delegates to the Constitutional Convention created a charter for a whole new government. In a series of compromises, the convention produced a plan that provided for a vigorous central government, a strong executive, the protection for property, while still upholding republican principles and states’ rights. The Federalists met strong opposition from Anti-Federalists, especially in Virginia and New York, but through effective organization and argument, they succeeded in getting the Constitution ratified. By establishing the new national government, the Federalists checked the Revolutionary values of the popular republican government. Terms/names/topics:...
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...DBQ Essay-Ratification of the Constitution: The Federalists’ Stance The ratification of the constitution was a process which was very controversial and tedious. The people chose sides because they were undereducated about the constitution and were easily influenced. The Federalists’ supported the ratification of the constitution because the Articles of Confederation was falling apart and was causing many domestic and foreign distresses. Massachusetts was perhaps most against the new constitution but even the editor of the Massachusetts Sentinel had to agree that the A.O.C could not be. The editor writes in his newspaper of the many domestic and foreign issues facing our country. He describes them as such “… the complaints of our farmers… the complaints of every class of public creditors…the melancholy faces of our working people…our ships rotting in our harbors…the insults that are offered to the American name and character in every court of Europe…View these things fellow citizens, and then say that we do not require a new, protecting, and efficient federal government if you can.” The editor proves how deplorable the domestic issues are and how pitiful the foreign are getting. He recognizes many issues that anti-federalists overlook in hunger for power control. This editor says that these domestic and foreign issues are a result of the A.O.C and that change was required to ease the hardships the American people were facing. Even what some people consider our nation’s...
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...DBQ: Nationalism & Sectionalism By John A. Braithwaite DIRECTIONS: The following DBQ is based upon the accompanying documents and your knowledge of the time period involved. This question tests your ability to work with historical documents. Your answer should be derived mainly from the documents, however, you may refer to historical facts, materials, and developments NOT mentioned in the documents. You should assess the reliability of the documents as historical sources where relevant to your answer. Check your school and community libraries for materials and also, surf the internet to help you find relevant outside information. QUESTION FOR ANALYSIS: In the period from 1815 to 1858, two giant forces—nationalism and sectionalism--ostensibly in opposition to each other—prevailed simultaneously in the first half of 19th century America. Describe these two forces and discuss the geographic, political, constitutional, economic, and diplomatic contrasts of both forces. PROMPT: Formulate a thesis statement Use documents as well as your own outside knowledge of the period. Deal evenly with all aspects of the questions Be sure to cover the time period given • Assess the validity of the documents • Draw effective and specific conclusions whenever possible TEXTBOOK RECOMMENDATIONS Gillon & Matson The American Experiment Boydston & McGerr Making A Nation Murrin, et.al Liberty, Equality, Power Norton...
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