Got a tricky question? Receive an answer from students like you! Try us!

Research Assignment - Essay Example

Only on StudentShare
College
Author : charityswift
Essay
Finance & Accounting
Pages 5 (1255 words)

Summary

Research Assignment Contents Research Assignment 1 Contents 2 Introduction 2 Intent of the Project 3 Status of the Project 3 Major Changes in GAAP Proposed by the Project 4 Effects of the Project on Financial Statements 5 The View of the Researcher 6 Expert Opinion 6 Conclusion 7 Reference 7 Introduction The Conceptual Framework project was jointly undertaken by the International Accounting Standard Board and US Financial Accounting Standard Board for achieving the convergence between the International Financial Reporting Standard (IFRS) and the US Generally Accepted Accounting Principle (GAAP)…

Extract of sample
Research Assignment

In this scenario the priority for both of the boards were to converging IFRS and US GAAP. According to the Norwalk Agreement (September, 2002) in association with the regional bodies the IASB and the FASB started to work together for removing the differences of the accounting standards. The objectives of the project are to updating the existing concepts like setting up the standards, improve consistency and achieve completeness which would reflect the business practice changes, changes in market over the year. The boards are conducting the project in 8 phases, among these the phase A of the project was completed already and the B, C, D phases are active currently (IFRS Foundation, 2011). Status of the Project The phase A of the project was completed on September 28, 2010 and the boards have issued the concept statement no 8 which is a replacement of the concept statement no 1 and 2. ...
Download paper
Not exactly what you need?

Related Essays

Financial Information: Coursework Assignment
The company has also recently initiated its telecom and data manager and distributions business lines (Bloomberg 2012). The company sells its products and services through its physical stores and also online ecommerce solutions to its millions of customers worldwide. The company operates for achieving its visions that is “to create value for customers to earn their lifetime loyalty” (Tesco Plc., 2011) and deliver its values “no one tries harder for customers and treat people how we like to be treated” (Tesco Plc. 2011). Auditors Report and its Importance The auditors of Tesco Plc are…
5 pages (1255 words)
Assignment 2: Tax Research on Itemized Deductions
Apparently, all the united states presidents before and after him have initiated tax reform codes. Nonetheless, his tax reform has stood to a historic tax cut. In the 1990’s, Bill Clinton lowered the middle class taxes that was followed by the year 2001’s George W. Bush massive tax cut across all incomes (Fishman, Home business., 2012). The aim ideals behind tax reforms often aim at tax reductions; however, they do not usually simplify the tax code drastically thereby making the issue a political concern especially among politicians. Working on income tax may be a complicated issue;…
6 pages (1506 words)
Assignment 2
The company owns over 7 million hectares of land across the Northern Territory and Queensland. The company’s strategy is to operate in diversified agribusiness operations and bring innovation in existing business practices in order to achieve long term gains. ActivEX Limited is an Australian mineral and exploration company that specialises in identifying, acquiring, and distribution of minerals. The company aims to increase shareholders’ value by investing into quality projects including minerals such as gold, copper, cobalt, etc. The company is involved in activities such as drilling,…
8 pages (2008 words)
Assignment of Acc
129). Among number of departments, the name of finance department is one of them. Finance department is responsible to manage and utilize the funds of the company as a whole. There are number of concepts that come under the ambit of finance and its related literature. Concepts are now moving and enhancing with perfection as well (WILLIAM G. DROMS, Jay O. Wright, 2010, pp.176). Among number of concepts, the name of fund management is one of them, which has its own recognition and importance in a broad nutshell. Managing the funds is an important provision and organizations always have to do…
6 pages (1506 words)
Tata Consultancy Services Limited
Tata Consultancy Services Limited …
4 pages (1004 words)
individual assignment
It has five branches in major cities in the nation and the head office is in Abu Dhabi. The central bank has seven departments which include Banking operations, Banking supervision and Examination, Financial control, treasury, Research and statistics, Administrative affairs, internal audit. The similarity between European central bank and GCC central bank is that both have established single currency for the nation. The similarity between them is idea of currency integration. But the difference will appear in case of challenges that will be faced by GCC as compared to euro currency crisis. It…
Assignment 3: Capstone Research Project
This analysis employs Durango manufacturing company's organizational situation to access the form and nature of financial management and the impact of the principles of stakeholder management, alongside aligning the organizational structure to achieve the right efficiency for the generation of high revenues. Case Study Durango Manufacturing Company is a firm that deals in manufacturing of a variety of products and the supply of industrial products . The firm deals in aircraft manufacturing, apparel manufacturing, automotive manufacturing, chemical and allied products, glass manufacturing, home…
10 pages (2510 words)