BUSN7050 Corporate Accounting Lecturer: Dr Sorin Daniliuc Course details • This course covers: – the characteristics of the Australian accounting environment and its financial reporting requirements for companies – accounting for owners’ equity (share capital and reserves) – accounting for liabilities (with a focus on debentures) – accounting for income tax – accounting for leases – accounting for non-current assets (revaluation, impairment) – accounting for intangible assets – a comprehensive
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(PSAK 33 R 2011) September 2011 Stripping Activities and Environmental Management (PSAK 33 R 2011) Exploration and Evaluation of Mineral Resources (PSAK 64) September 2011 Page 2 PSAK 64 and PSAK 33 (R 2011) • In 2011, Indonesian Financial Accounting Standard Boards has authorised: PSAK 64 Exploration and Evaluation of Mineral Resources PSAK 33 (Revised 2011) Stripping Activities and Environmental Management in General Mining • • • Both Standards are effective from 1 January 2012. PSAK
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Assignment 1 –FAC501 | Challenges facing the accounting profession and how I see them affecting me in the future with regards to IFRS companies submitting IFRS on US stock exchanges? Macdonald Felix Rusoto Muchemedzi Student Kaplan University As the Stock exchange affords different investors the opportunity to actively trade in the non-US companies and also provide an avenue for non-US companies to raise capital will the investment and accounting community be able to fully understand the information
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ANALYSIS OF BIOLOGICAL ASSETS VALUATION WITH FAIR VALUE ACCOUNTING AND HISTORICAL COST ACCOUNTING METHOD IN PLANTATION SUBSECTOR OF INDONESIAN AGRICULTURAL INDUSTRY IN THE PERIOD OF 2007-2012 Karina Putri Ramadhani1 and Indra Pratama2 1 Thesis Writer, Swiss German University 2 Thesis Advisor, Swiss German University Abstract The analysis of biological assets valuation with fair value accounting and historical cost accounting method in plantation subsector of Indonesian agricultural industry,
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attempt to define the nature and purpose of accounting. A conceptual framework must consider the theoretical and conceptual issues surrounding financial reporting and form a coherent and consistent foundation that will underpin the development of accounting standards. Conceptual frameworks can apply to many disciplines, but when specifically related to financial reporting, a conceptual framework can be seen as a statement of generally accepted accounting principles (GAAP) that form a frame of reference
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Title Accounting Principles, with CD Author Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel Michael E. Porter Committee of Sponsoring Organizations of the Treadway Commission Roger Fisher, William Ury, and Bruce Patton Ron A. Weber Kurt F. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle Year Published 2011 Revision 10 Publisher Wiley Text Books URL http://www.amazon.com/Accounting-Principles-Jerry-JWeygandt/dp/0470534796/ref=sr_1_1
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reports, he says. “But there will be abuses. Human nature never changes.” ---Revenue Recognition.com Contributor ABSTRACT On May 28, 2004, the Financial Accounting Standards Board (FASB) and International Accounting Standard Board (FASB) issued converged guidance on recognizing revenue in contracts with customers. The new guidance is a major achievement in the Boards’ joint efforts to make both U.S.GAAP and IFRS improved and making
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Case 5: Adopting International Accounting Standards Intro to International Business – 1. Both business enterprises and investors can benefit from the adoption of international accounting standards because they do not have to worry about losing money due to different exchange rates. In regards to business ventures, it will help in the long run with a systematic way to compare prices. Although the process is held up slightly for United States entrepreneurs, the process is still great. According
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AUDIT | DECEMBER 2012 THE POWER OF BEING UNDERSTOOD U.S. GAAP VS. IFRS: IMPAIRMENT OF LONG-LIVED ASSETS AT-A-GLANCE Increasing globalization coupled with related regulations continues to put pressure on moving towards a common global accounting framework – International Financial Reporting Standards (IFRS). Currently, more than 100 countries use IFRS, so if your business goals include global expansion, it is critical to educate yourself about the impact of IFRS on your financial reporting processes
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BA2_C15.qxd 9/3/05 4:25 pm Page 264 chapter 15 Contract accounts Learning objectives After you have studied this chapter, you should be able to: l describe the factors that are involved in accounting for contracts l describe how accounting records of contracts are maintained l explain the need to apply prudence when assessing profit or loss on a contract that is still in progress l describe some of the requirements of SSAP 9 relating to long-term contracts Introduction
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