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Problem: Identify three major accounting issues on which IFRS and US GAAP currently differ.
What is the purpose of GAAP and management accounting?
Determine the organization that has the greatest impact in developing GAAP. Justify your rationale.
Identify the five components that comprise pension expense. Briefly explain the nature of each component.
1. How do GAAP and IFRS differ? 2. What might the consequences be for financial managers, apart from financial reporting/controllers?
How might the pending transition from US GAAP to IFRS impact your decision, if at all?
For convergence of FASB and IASB reporting standards, you describe recommendations for resolving differences and your opinion which is better for company.
The Conceptual Framework allows for the systematic adaptation of accounting standards to a changing business environment.
How can a misstatement in one financial statement, whether intentional or not, affect a presentation in another financial statement?
How might an accountant ensure that all relevant accounting standards and other authoritative literature relevant to an accounting research question
Calculate the past service costs included in 2009 net pension expense (or revenue) under US GAAP.
Does it make sense to you the use of fund accounting for state & governmental transactions instead of using GAAP? Why?
Comment on at least three differences between Apple's and Philips' balance sheets.
Task: Reviewing balance sheets in detail. Is there a difference in approach to valuation by US GAAP and IFRS?
Question: Which one is not a correct practice under the GAAP?
Evaluate the difference in accounting treatment between GAAP and IFRS in this area
How can firms use transfer prices strategically? What role does GAAP play in how firms determine transfer prices?
Which one of the following assertions is not made by management in placing an item in the financial statements?
Develop a static budget for photocopying costs based on 800 students.
Can Organizational Behavior help us to increase the probability of some predictions? Why do you think so?
You are a medical records technician and are in the department when two men come in and flash badges
If the financial statements examined by an auditor lead the auditor to issue an opinion that contains an exception
Is Myers Construction under any legal or ethical obligation to prepare financial statements that do conform to generally accepted accounting principles?
Do you think that the accounting method that an entity uses affects its maturity matching?
If fixed costs must be incurred during a given period, shouldn't they be expensed during that period? Does variable costing violate the matching principle?