Trueblood Case 9-2: Pharmagen 1.State the issue at hand. (Typically this is merely the question you are asked at the end of the case.) How to account for the funding of the R&D and royalty payments 2.State the fact pattern. BRIEFLY present the relevant facts. (Bullet points can be very useful here.) (This can be a challenge, given that some Trueblood cases are only a few paragraphs long, it can be hard to further summarize them.) •Pharmagen entered into a funding agreement with Company XYZ, an unrelated
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SEC documents 3) Where in the codification (provide the full citation) does one find the guidance that was originally provided in Statement of Financial Accounting Standards No. 13, paragraph 9? (see Other Features Tutorial) FASB ASC 840-10-35-4 4) Use the Search function within the codification to search for the word “contingencies.” How many search results are included in the liabilities area? (see Other Features Tutorial) 45 Part B. Now that you have
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CASE: Reporting Comprehensive Income: IFRS vs. US GAAP a) Messrs. Cope and Foster dissent from this Statement because it permits an enterprise to display the items of other comprehensive income identified in this Statement with less prominence and to characterize them differently from other items of comprehensive income that are currently included in net income. Messrs. Cope and Foster believe that a primary objective in undertaking a project on reporting comprehensive income was to significantly
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ACTG 493, Accounting Cases, Research and Analysis Group Case 1 Memorandum To: Professor Siyi Li From: Group 4 Date: July 5, 2016 Subject: eVade Pays Up (Deloitte Trueblood Case 14-07) I. Case Description and Key Facts eVade is an online retailer that fulfills its orders by shipping its products directly to customers across all 50 states in the U.S. eVade does not have a brick-and-mortar store presence in any state, but does operate distribution centers in various
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First name Last name Name of Course Name of Professor 12 November 2012 Brief Analysis of Asset-based Financing and Consequent Audit Risk The article by Robert A. Modansky and Jerome P. Massiminom mainly discusses the features and rationale of three asset-based financing methods-revolving lines of credit, purchasing order financing and factoring and further introduces how to account for them according to U.S. GAAP. Companies that are highly-leveraged or do not have the credit rating or track
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Acquisition of Other Company, Pensions and Other Postretirement Plans Abstract Recently, Midsize Manufacturing Company acquired 100% of another company. Along with the acquisition, Midsize Manufacturing Company inherited the former company’s employee pension plans and other postretirement plans. In the following I will discuss the required reporting for defined contributions, defined benefits, and other postretirement benefits. I will also address how the former company’s segments shall
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Financial reporting developments A comprehensive guide Consolidated and other financial statements Revised November 2013 Noncontrolling interests, combined financial statements, parent company financial statements and consolidating financial statements To our clients and other friends This Financial reporting developments (FRD) publication is primarily designed to help you understand financial reporting issues related to the accounting for noncontrolling interests. This publication also
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Comparison between U.S. GAAP and International Financial Reporting Standards May 2013 © 2013 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd Comparison between U.S. GAAP and International Financial Reporting Standards 2 Contents 1. Introduction .................................................................................................................................................. 6 International standards and the IASB .........
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include online analytics, interactive reporting, data integrations, data mining, and business performance management. Materials * Required Textbooks: 1. Business Intelligence, Rajiv Sabherwal, Irma Becerra-Fernandez © 2011 Wiley, ISBN: 978-0-470-46170-9 * Required Trade Book Learn Excel 2010 Expert Skills with The Smart Method: Courseware Tutorial teaching Advanced Techniques Paperback – October 19, 2011by Mike Smart. ISBN-10: 0955459982 ISBN-13: 978-0955459986. Available from Amazon.com
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Work Plan for the Consideration of Incorporating International Financial Reporting Standards into the Financial Reporting System for U.S. Issuers A Comparison of U.S. GAAP and IFRS A Securities and Exchange Commission Staff Paper November 16, 2011 OFFICE OF THE CHIEF ACCOUNTANT UNITED STATES SECURITIES AND EXCHANGE COMMISSION This is a paper by the Staff of the U.S. Securities and Exchange Commission. The Commission has expressed no view regarding the analysis, findings
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