레이블이 Accounting Standards Codification인 게시물을 표시합니다. 모든 게시물 표시
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2013년 11월 30일 토요일

About 'accounting standard 7'|... which were of a standard size – 24 x 14 x 7 cm – found throughout the...medicine, surgery, politics, astronomy, accounts and music were taught...







About 'accounting standard 7'|... which were of a standard size – 24 x 14 x 7 cm – found throughout the...medicine, surgery, politics, astronomy, accounts and music were taught...









               The               term               'Conceptual               Framework'               can               be               defined               as               a               set               of               fundamental               principles               which               support               financial               accounting               in               order               to               establish               a               basis               upon               which               new               financial               reporting               practices               can               be               developed               and               in               the               same               sense,               used               to               review               existing               ones               (Collins,               2011)1.

The               framework               is               not               an               accounting               standard               and               this               is               enforced               in               paragraph               3,               in               which               it               states               that               if               a               conflict               should               arise,               then               the               IAS               will               have               prevalence               over               the               framework.

The               IASB's               frame               work               is               titled               "The               Framework               for               the               Preparation               and               Presentation               of               Financial               Statements".

This               framework               is               the               most               widely               implemented               and               takes               up               concern               with               the               way               in               which               financial               statements               are               prepared               and               presented               (Weetman,               2011)2.

This               essay               will               explore               the               use               of               such               a               framework               among               users               of               financial               statements               and               how               effective               the               IASB               have               been               in               achieving               their               objectives.
               Previously,               accounting               standards               were               produced               on               the               reaction               to               scandals               within               accounting               statements               and               where               some               standards               created               clashed               with               others,               making               them               hard               to               follow,               showing               that               there               was               a               need               for               such               framework.

With               the               introduction               of               the               Conceptual               Framework,               standard-setting               bodies               could               now               use               this               as               a               tool,               in               which               they               can               develop               new               accounting               standards,               so               they               are               ensured               that               the               standards               that               they               create               do               not               conflict               with               ones               that               are               already               in               place(AAOIFI)3.
               A               company               who               has               adopted               IASB's               framework               will               be               able               to               easily               compare               with               other               companies               who               have               adopted               the               same               practice               as               they               will               both               be               following               the               same               presentation               of               the               financial               statements,               which               in               turn               will               make               decision               making               more               efficient               as               it               will               be               less               time               consuming               as               management               will               know               what               every               heading               means               and               where               it               is               located.

The               same               can               be               applied               to               a               company               that               owns               a               foreign               subsidiary,               as               it               will               be               less               complicated               if               they               both               adopted               the               framework               as               they               will               not               have               to               adjust               for               local               GAAPs.
               Another               use               of               conceptual               framework               is               that               it               allows               auditors               to               make               a               decision               about               whether               or               not               the               reporting               entity               has               prepared               and               presented               their               information               in               their               statements               in               accordance               to               the               regulations               set               out               by               the               IFRS.

This               will               also               give               the               reporting               entity               a               good               reputation               among               investors.
               The               conceptual               framework               will               also               be               of               use               to               investors               and               potential               investors,               as               stated               in               Paragraph               94,               where               it               reasons               that               investors               provide               capital               to               the               entity               and               will               expect               a               decent               return.

However,               this               investment               comes               with               a               risk               and               the               investor               must               be               able               to               make               sound               economic               decisions               based               on               the               financial               statements               provided               to               them               by               the               entity               as               this               may               be               the               only               form               of               information               available               to               them.

The               conceptual               framework               therefore,               ensures               that               financial               statements               contain               the               relevant               information               and               will               give               descriptive               guidance               on               how               to               interpret               the               information               contained               within               the               statements               in               order               for               them               to               make               the               best               possible               decisions               based               upon               it.

Because               the               conceptual               framework               aims               to               eliminate               or               animalise               the               international               differences,               investors               choosing               to               invest               in               a               foreign               company               will               not               have               to               waste               valuable               time               and               money               in               getting               the               financial               statements               translated               and               processed               in               order               for               them               to               be               able               to               base               an               economic               decision               upon.
               The               IASB's               framework's               stated               objectives               are               to               create               a               set               of               high               quality,               understandable               and               enforceable               accounting               standards               that               can               be               applied               globally               to               aid               a               vast               range               of               users.

They               have               been               successful               towards               obtaining               this               goal               as               they               have               created               a               near               set               of               accounting               standards               in               which               if               applied               globally               would               result               in               the               reporting               entities               being               required               to               produce               financial               statements               which               can               be               comparable               and               of               a               high               quality               (Deloitte)5.
               They               have               also               been               successful               in               their               other               objective               of               promoting               the               use               and               stringent               application               of               the               standards               they               develop               as               they               have               had               100               countries               adopt               the               implementation               of               IFRS.

A               large               contribution               of               the               success               is               evidently               due               to               the               member               countries               of               the               EU               in               2005               having               adopted               IFRS               where               they               are               required               to               compile               consolidated               statements               in               accordance               to               the               IFRS               (EU-C               ,               2007               )6               .

Although               the               adoptions               by               countries               may               not               be               enforcing               the               implementation               of               IFRS               onto               companies               as               a               legal               requirement,               many               have               planned               out               a               detailed               convergence               with               local               accounting               practices               and               IFRS.

Such               countries               include               China,               Canada               and               India,               to               name               but               a               few               large               economies.
               In               terms               of               narrowing               the               differences               between               IFRS               and               GAAPs               of               other               countries,               they               have               been               reasonably               successful               as               previously               mentioned,               as               a               number               of               the               world's               larger               economies               have               put               in               place               plans               for               a               convergence               between               local               accounting               practices               and               IFRS               (Ray               Ball)7.

This               success               is               also               coupled               with               the               IASB's               most               significant               accomplishment               to               date,               being               the               planned               convergence               of               the               worlds               largest               and               most               powerful               economy,               the               USA,               where               the               Securities               Exchange               commission               has               come               to               the               decision               to               allow               IFRS               to               be               used               by               foreign               companies               registered               on               the               American               capital               markets               with               the               possibility               of               allowing               American               companies               adopt               the               IFRS               in               place               of               their               conventional               US               GAAP.
               In               conclusion,               there               is               extensive               use               of               the               conceptual               framework               amongst               users               of               financial               statements               and               this               will               bring               many               advantages               such               as               comparability               and               accuracy               for               the               users.

If               the               IASB's               frame               work               and               IFRS               is               globally               accepted               then               all               companies               would               be               in               a               sense,               speaking               the               same               financial               language,               removing               trade               and               investment               barriers               as               companies               following               the               same               layouts               and               preparation,               making               them               easier               to               understand               and               easing               the               investor's               mind.

It               is               also               apparent               that               the               IASB               is               successful               in               achieving               their               objectives,               with               over               100               countries               adopted               IFRS               in               some               form               and               with               its               result               in               bringing               about               convergence.
               

               1               Collins,               B               (2011).

Financial               Accounting               And               Reporting               .

Berkshire:               McGraw-Hill.

44-45.
               2               Weetman,               P               (2011).

Financial               And               Management               Accounting               .

5th               ed.

Essex:               Prentice               Hall.

p8-9.
               3               AAOIFI.

().

Conceptual               Framework               for               Financial               Reporting               by               Islamic               Financial               Institutions.

Available:               http://www.aaoifi.com/aaoifi%20-%20conceptual%20framework%20for%20financial%20reporting%20(draft%20for%20public%20hearing).pdf.

Last               accessed               20th               Oct               .
               4IASB               Framework               Paragraph               (9)
               5               Deloitte               and               Touche               LLP.

(2006).

IFRS               In               Your               Pocket.

Available:               www.iasplus.com/dttpubs/pubs.htm.

Last               accessed               21st               Oct.
               6               European               Commission               .

(2007).

Implementation               Of               IFRS               In               The               EU.

Available:               http://ec.europa.eu/internal_market/accounting/docs/studies/2007-eu_implementation_of_ifrs.pdf.

Last               accessed               19th               Oct.
               7               Ball,               R.

(2006).

nternational               Financial               Reporting               Standards               (IFRS):               pros               and               cons               for               investors.

Available:               http://cchweb.cch.co.uk/abr/pdf/005-028.pdf.

Last               accessed               19               Oct.






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    2013년 11월 29일 금요일

    About 'ideal standards accounting'|...into tracking Hammer veterans. The Horror Of Dracula cast can be mostly accounted for. Of those surviving, many have been contacted and...







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    Open               a               bag               of               Quadratini               coconut               wafers               by               Loacker               and               instantly               take               in               a               whiff               of               wonderful               coconut               goodness.

    These               bite-size               wafers               are               ideal               as               an               afternoon               snack               to               be               doubly               enjoyed               with               an               espresso;               for               afterall,               these               wafers               are               made               in               Italy.

    This               particular               flavor               is               not               one               that               Italian               cuisine               is               known               for               but               the               quality               of               the               wafer               is               up               to               par               with               Italian               culinary               standards.

    Biting               into               a               wafer               cookie               filled               with               coconut               cream               will               give               you               a               feeling               of               immense               satisfaction,               especially               if               you               love               the               flavor               of               coconut.

    The               ingredients               are               all               natural               which               only               adds               to               the               depth               of               flavor               that               cannot               be               achieved               using               artificial               ingredients.

    The               layers               of               each               wafer               cookie               serve               to               form               just               the               right               amount               of               crunch,               and               the               coconut               cream               in               between               them               makes               them               scrumptious.
                   Coconut               is               high               in               fat               and               so               these               wafers               should               be               consumed               modestly.

    With               nine               grams               of               fat               per               serving,               including               seven               grams               of               the               dreadful               saturated               fat,               you               should               work               this               snack               into               your               daily               meal               plan               accounting               for               these               numbers.

    Additionally,               you               will               want               to               note               the               calorie               count               which               is               actually               not               so               bad               at               150               for               eight               wafers.
                   These               wafer               cookies               come               in               a               8.82oz               bag               that               is               resealable.

    To               keep               this               product               at               its               freshest,               you               can               refrigerate               it.

    This               is               an               especially               good               idea               if               you               plan               to               concurrently               sample               the               twelve               other               flavors               available:               dark               chocolate,               chocolate,               hazelnut,               vanilla,               tiramisu,               cappuccino,               almond,               lemon,               orange,               apple,               blackcurrant,               and               espresso.






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      ...nonrelmass-blueshift-from- pinwheel-&-rest-of-ship } is a factor that takes into account the degree of incident non-relativistic matter particles wave-function gravitational blueshifting...
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      ...to the 21st. That makes using orbital markers a tough standard. Various countries used different dates for the beginning...
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      ...into tracking Hammer veterans. The Horror Of Dracula cast can be mostly accounted for. Of those surviving, many have been contacted and...
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    5. daophilosophy.blogspot.com/   11/29/2006
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    6. newrightausnz.blogspot.com/   03/27/2007
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      ...program in 1962-3, despite "World Heritage" groupings that would have seemed ideal. Television release came in a syndicated package for 1964, with Red Badge...
    8. news2u-well.blogspot.com/   12/22/2008
      ...Emergency Medicine does not support tPA as the standard of care for strokes. The organization...ischemic and hemorrhagic. Ischemic strokes account for 80 percent of all such "brain attacks...
    9. talesofthenewworld.blogspot.com/   03/15/2011
      ... persisted; indeed, with Matthew Grant, it prompted a remarkable standard in the keeping of public records. Imbued as they were...
    10. wolftrappe.blogspot.com/   02/08/2007
      ...the mind, the law and the church also recognize the irreducibility of the will. In law the ideals of justice are tempered with the reality of power. Nonetheless, there ...
    11. Ideal Standards Accounting - Blog Homepage Results

      ...Leak Nozzle Noble Bride non-electric kitchen tools Non-Greasy Face-Cream Non-Slip Non-standard clothes charts Noritake Noritake Platter Noritake Serving Dish Normal...
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    2013년 11월 28일 목요일

    About 'accounting standard 6'|...week than I have in the previous 6 months! Amazing...even when taking into account Japan's ridiculously high standards. Anywho, after filling up...







    About 'accounting standard 6'|...week than I have in the previous 6 months! Amazing...even when taking into account Japan's ridiculously high standards. Anywho, after filling up...








    Open               source               software               and               developers               who               offer               shareware               or               freeware               are               coming               together               to               provide               more               free               software               programs               on               the               internet               than               ever               before,               and               the               neat               thing               about               these               free               software               programs               is               that               they               are               constantly               being               updated,               upgraded,               with               fixes               and               special               add               ons,               so               that               you               can               tweak               them               to               your               specific               needs.

    Unlike               the               expensive               store-bought               accounting               software               for               small               businesses,               you               don't               need               to               pay               to               keep               current!

    Finding               a               free               small               business               accounting               software               that               fits               your               needs               might               take               a               little               bit               of               time,               but               considering               that               you               won't               have               to               pay               for               them,               it               is               worth               your               time               to               download               and               test               a               few               of               these               free               small               business               accounting               software               programs.

    You               can               download               several               of               them,               enter               your               information               and               take               them               for               a               test               drive               to               see               how               you               like               them.

    If               one               doesn't               work               for               you,               simply               uninstall               it               and               try               another               one.
                   Let's               look               at               a               few               of               the               most               popular               freeware               small               business               accounting               software               programs               available               for               download,               so               you               can               make               your               own               choices.
                   AceMoney               Lite               -               Personal               and               Small               Business               Accounting               Software
                   AceMoney               Lite               is               a               freeware               accounting               program               that               works               well               for               both               personal               finances               and               small               business               accounting.

    It               provides               online               banking               options,               personal               and               business               finance               tracking,               and               even               offers               a               loan               calculator.

    It               does               not,               however,               appear               to               offer               any               payroll               support               or               business               tax               tracking.

    With               overall               good               reviews,               this               simple               free               accounting               software               is               perfect               for               a               sole               proprietorship               with               just               the               principal               owner               or               a               partnership               where               payroll               is               not               an               issue.

    This               accounting               software               runs               on               both               Windows               and               Linux               OS               machines.

    There               is               no               user               support,               but               there               are               user               forums               where               users               help               each               other.
                   OneStep               Accounting               -               Small-Midsized               Business               Accounting               Software
                   OneStep               Accounting               software's               standard               version               is               free,               and               should               suffice               for               most               small               businesses.

    For               larger               businesses,               there               is               a               paid               version               that               can               be               upgraded               to               when               the               business               needs               grow.

    This               free               small               business               accounting               software               has               general               ledger               ability,               along               with               accounts               payable,               accounts               receivable/invoicing,               drill               down               reporting               and               more.

    User               reviews               indicate               that               setup               is               a               bit               tedious,               but               ease               of               use               is               high               once               set               up               is               completed.

    This               small               business               accounting               software               provides               limited               support,               updates,               and               technical               support               for               people               using               the               paid               version.

    It               is               available               for               Windows               OS               machines.
                   QuickBooks               Simple               Start               -               Small               Business               Bookkeeping               and               Accounting               Software
                   Most               people               don't               know               that               Intuit,               the               makers               of               QuickBooks               accounting               software,               offers               a               free               Simple               Start               accounting               software               program               that               doesn't               expire,               isn't               a               free               trial,               but               is               really               free               to               download               and               use.

    It               has               some               limitations               that               the               full               version               doesn't               have,               like               it               will               not               allow               you               to               import               data               from               other               versions               or               programs,               so               you'll               have               to               enter               all               your               set               up               information               by               hand,               but               it               provides               full               functionality               from               a               trusted               source               for               accounting               software.
                   The               advantage               to               using               QuickBooks               Simple               Start               is               that               it               is               fully               upgradeable               to               other               Intuit               programs               in               the               future               should               your               business               needs               change               or               grow,               and               it               is               fully               technically               supported               by               Intuit.

    For               most               small               businesses,               it               has               all               you               will               need               for               your               personal               and               small               business               accounting               needs.
                   These               three               small               business               accounting               programs               were               my               favorite               picks               of               the               free               programs               I               tested,               and               each               has               its               strengths               and               weaknesses,               depending               on               your               needs.

    My               overall               pick,               and               the               one               I               use               myself,               is               the               QuickBooks               Simple               Start.
                   I               also               found               that               the               popular               freeware/shareware               site,               Download.com,               has               tons               of               small               business               accounting               software               from               which               to               choose,               some               free,               some               for               a               small               fee,               and               some               that               are               trial               versions.

    Simply               visit               www.download.com               and               do               a               search               for               'accounting'               or               'bookkeeping'               to               see               the               current               listing               of               free               or               trial               versions               of               small               business               accounting               software.
                   Owning               a               small               business               for               many               is               a               dream               come               true,               but               expenses               for               business               start               up               can               really               cut               into               your               pocketbook.

    Using               freeware               and               shareware               small               business               accounting               software               can               really               help               with               expenses               and               also               help               you               track               expenses               too.

    Why               not               download               a               few               and               give               them               a               try?

    If               you               don't               like               them,               you               haven't               lost               anything               but               time!






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    1. appstechnical.blogspot.com/   09/15/2006
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    11. Accounting Standard 6 - Blog Homepage Results

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