Outline Part 1 Background and Overview Part 2 US GAAP and IFRS Part 3 China GAAP and IFRS Part 4 Summary of Convergence Process Part 5 Pros & Cons of Convergence Part 6 The reasons for differences in accounting practice ww.ifrs.org + The International Accounting Standards Board + The International Accounting Standards Committee (IASC) Foundation + Objective – a single set of global financial reporting standards + Aim – convergence between national standards and international standards
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the data they present. By discussions held in class it allows us to analyze the following detail: stockholders’ equity, dilutive securities and earnings per share, investments, revenue recognition, income taxes, pensions and postretirement benefits, leases, changes and error analysis, and cash flows. All numbers presented throughout this discussion are in millions. With respect to the Coca Cola statement, we have determined that through the owner’s equity the corporation had three categories:
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Chapter 12 1. Which intangible assets are amortized? Limited-Life Indefinite-Life a. Yes Yes b. Yes No c. No Yes d. No No 2. The cost of successfully defending a patent suit should be a. charged off in the current period. b. amortized over the legal life of the purchased patent. c. added to factory overhead and allocated to production of the product. d. amortized over the remaining estimated useful life of
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This NSHP checklist is intended to assist NSHP program applicants with securing a reservation for an NSHP incentive. This checklist is updated to reflect the most recent NSHP Guidebook. Under no circumstance is this checklist a substitute for the program requirements approved by the Energy Commission in the most recent guidebook. RESERVATION APPLICATION REVIEW NSHP‐1 FORM • All fields on the form are completed. • Form signed by appropriate entities. • HERS Rater and Provider id
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reports both basic and diluted EPS. Essay 2: Leases For the first transaction the leased computer should be shown in Superior Electronic’s (the lessee) financial statements. In consulting with the textbook in Chapter 21 it is stated that if the present value of the minimum lease payments is equal to or exceeds 90 percent of the fair value of the asset the lessee should capitalize the asset. The transaction states that the present value of the lease payments exceeds 90 percent of the fair value of the
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entered into a lease agreement with WeRentSpace, Inc. (WRS) to rent space for its corporate offices. Based on the lease agreement, the lease is properly classified as an operating lease. The lease has a 10-year lease term (expires on December 31, 2023), and there is no option to renew nor is the ability to negotiate for renewal provided in the lease agreement. In addition, the lease agreement contains two provisions that require NMR to incur certain one-time costs at the end of the lease term. The provisions
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with Non-Linear consisted of using the new editing system for a three-week trial period. Non-Linear stated they have a signed lease agreement with Quick Takes for a minimum of three months. Non-Linear presented Quick Takes with an invoice in the amount of $5,000, which Quick Takes refuses to pay because of the inefficiency of the editing system and its belief that a lease agreement was never agreed upon (University of Phoenix, 2012). Both parties have options for resolving this matter. This paper
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of the total marks for the subject and comprises two parts; assessment tasks 1 and 2. Assessment task 1 carries 20 marks. Assessment task 2 carries 25 marks. To pass the subject, students must complete all assessment tasks, and must achieve a minimum of 50% in the final examination. Due Dates Assessment Task 1 Assessment Task 2 5 p.m. Monday 14 April 2014 5 p.m. Monday 5 May 2014 Assignments can be submitted to your tutor or dropped into the assignment box on level 3, H building. Late assignments
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BA 958 MERCHANT BANKING ANF FINANCIAL SERVICES Syllabus UNIT- 1 Introduction – An Overview of Indian Financial System – Merchant Banking in India –Recent Developments and Challenges ahead – Institutional structure – Functions of Merchant Banking – Legal and Regulatory Frameworks- Relevant Provisions of Companies Act- SERA-SEBI guidelines- FEMA etc. – Relation with stock Exchanges and OTCEI UNIT II - ISSUE MANAGEMENT Role of Merchant Banking in Appraisal of projects, Designing Capital Structures and
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