00196.x ABACUS PRINCIPLES ORIGINAL ARTICLE 2 42 © 2006 0001-3072Publishing, Ltd. Abacus UK VERSUS RULES-BASED ACCOUNTING ABA Accounting Foundation, Unviersity of Sydney Oxford, Blackwell GEORGE J. BENSTON, MICHAEL BROMWICH AND ALFRED WAGENHOFER Principles- Versus Rules-Based Accounting Standards: The FASB’s Standard Setting Strategy In response to criticism of rules-based accounting standards and Section 108(d) of the Sarbanes-Oxley Act of 2002, the SEC proposed principlesbased (or ‘objectives-oriented’)
Words: 2150 - Pages: 9
Rusty Martin Week 5: E-text Individual Assignments Chapter 13: Case 13-4 Application of SFAC No. 13 a. What is the theoretical basis for the accounting standard that requires certain long-term leases to be capitalized by the lessee? Do not discuss the specific criteria for classifying a specific lease as a capital lease. This is based on the amount of risk involved with the assets especially since the lessee assumes all of the risk and benefit from the asset. According to SFAS No.13
Words: 267 - Pages: 2
office 16 7. Business continuity plans for ICT 17 7.1. Payroll 17 7.2. Email 17 7.3. Network (including file & print) & remote access 19 7.4. Phones – landlines 20 7.5. Phones – mobile 21 7.6. [Specialist application] and accounting systems 22 7.7. Website 22 8. Emergency delegations list 23 9. Contact lists 24 9.1. Staff call tree 24 9.2. Staff, supplier, and stakeholder contact lists 25 Document control Revision history Revision | Date | Author | Reason
Words: 4637 - Pages: 19
Accounting Standard Board Paper ACC/541 June 18, 2012 Accounting Standard Board Paper In the world of accounting there needs to be standards for all of the countries, whether they are in the United States of Overseas. The accounting boards will help with making sure that all of the information is done correctly and are reported in a consistent way so that investors can determine what company is better to invest in. The two types of accounting standards board that are being discussed is the
Words: 1306 - Pages: 6
citator should be discussed. The widespread use of Internet-based databases for tax research makes this means of tax research much more important. An effort should be made to introduce Internet-based searches to the students if at all possible. The text discusses two types of professional guidelines for CPAs in tax practice. Areas of Lesser Significance In the interest of time, the following areas may be omitted: Sample work papers and client letter (Appendix A). Problem Areas for
Words: 5320 - Pages: 22
Capital Budgeting Case Shawn P. Oeser QRB/501 October 7, 2013 David Gobeli Capital Budgeting Case For the final week of QRB/501 we were asked to complete a Capital Budgeting Case based on two possible corporations for our company. Based on the 5 year projected income statement, 5 year projected cash flow, Net Present Value (NPV), and Internal Rate of Return (IRR); we were to determine which company would be the wiser acquisition. After completing the analysis it was determined that Corporation
Words: 664 - Pages: 3
ACCOUNTING H525: MANAGERIAL ACCOUNTING AND CONTROL Winter Quarter 2004 INSTRUCTOR: Professor D. L. Jensen 428 Fisher Hall jensen.7@osu.edu (I check my e-mail several times daily and will respond ASAP) 292-2529 at office (Please leave recorded message; if I'm not in, I'll return your call.) 488-8177 at home (Please leave recorded message; if I'm not in, I'll return your call.) Office Hours: By appointment or chance COMMUNICATIONS CONSULTANT: Ms. Rama Ramamurthy 640 Fisher Hall
Words: 5076 - Pages: 21
Procedures on the Administration of Information Disclosure of Listed Companies China Securities Regulatory Commission 01-30-2007 Order of the China Securities Regulatory Commission [2007] No. 40 The Procedures on the Administration of Information Disclosure of Listed Companies deliberated and adopted at the 196th Chairman Working Meeting of the China Securities Regulatory Commission are hereby promulgated and shall be effective as of the date of promulgation.
Words: 6439 - Pages: 26
management around the globe. MERC Global’s IJM publishes articles, research papers, abstracts of doctoral dissertations, book reviews, case studies, short communications and bibliography that are interdisciplinary in nature as well as those within the major disciplines, including: Marketing OB/HR Entrepreneurship Production and Operations Accounting and Finance Business Economics International Business Informational Technology Social Sector Management Public Sector Management
Words: 1198 - Pages: 5
ACCOUNTING 525: MANAGERIAL ACCOUNTING Winter Quarter 2003 INSTRUCTOR: Professor D. L. Jensen 428 Fisher Hall 292-2529 at office (Please leave recorded message; if I'm not in, I'll return your call.) jensen.7@osu.edu (I check my e-mail several times daily and will respond ASAP) OFFICE HOURS: By appointment or chance STUDENT ASSISTANT: Ms. Yun Jin (jin.81@osu.edu) REQUIRED TEXT AND SUPPLEMENTARY MATERIALS: Horngren, Foster and Datar, Cost Accounting: A Managerial Emphasis, 11th edition
Words: 2007 - Pages: 9
