Financial statements Topics

The Similarity and Difference between FASB & GASB Financial Reporting Saintania Bien-Aime Essay

The accounting and financial reporting standards are one of the source that profit businesses and governmental not-for-profit organizations, which has been created by the Accounting standards Board (FASB). However, accounting and financial reporting standards that apply for state and local governments in...

Green: Financial Statements and Subsequent Events Essay

Green, CPA, is auditing the financial statements of Taylor Corporation for the year ended December 31, 20X1. Green plans to complete the fieldwork and sign the auditor's report about May 10, 20X2. Green is concerned about events and transactions occurring after December 31, 20X1, that may affect the 20X1...

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Financial Statement Restatement Paper Essay

A number of companies have faced restatements because of errors in their financial statements (Kieso, Weygandt, & Waterfield, 2007). Overstock. com is an online retailer offering closeout and discount brand and non-brand name merchandise. They also operate as part of their website an online auctions...

A Converged Conceptual Framework Essay

In October 2004, the FASB and IASB added to their agendas a joint project to develop an improved, common conceptual framework that builds on their existing frameworks (that is, the IASB’s Framework for the Preparation and Presentation of Financial Statements and the FASB’s Statements of Financial Accounting...

10k vs Annual Report Essay

Every year Wal-Mart files an annual report to inform their share holders with the company’s most recent activities and financial position. The report’s intentions are to establish and maintain a relationship with its stock holders. In contrast, the 10k report files through Security Exchange Commission (SEC)...

International Financial Reporting Standards and Accounting Standards Essay

The International Financial Reporting Standards (IFRS) are an attempt to harmonise accounting practices on a global scale, with the ultimate aim of making it easier for companies to assess potential cross-border activities. Promoted by the International Accounting Standards Board (IASB), the IFRS are...

International Financial Reporting Standards and Accounting Standards Essay

The International Financial Reporting Standards (IFRS) are an attempt to harmonise accounting practices on a global scale, with the ultimate aim of making it easier for companies to assess potential cross-border activities. Promoted by the International Accounting Standards Board (IASB), the IFRS are...

Advanced Auditing Concepts & Standards Essay

Financial Statements
Financial Statements Prepared using Chinese and GAAP Standards Kobyashi Maru prepares two sets of financial statements; one set using Chinese standards and GAAP (as meager as those standards may be) and the other for use in the US attempting to conform to U. S. GAAP. The Chinese...

Speech Outline on U.S. GAAP vs. IFRS Essay

Speech Outline: Why the United States should continue using US GAAP and not adopt IFRS I. The adoption of IFRS is unlikely to have any major impact on reporting quality. a) U. S. firms currently optimize their reporting strategies, therefore they are expected to resist changes that are not in their interest...

Financial Statement Essay

Financial Statement In the name of Allah most gracious most merciful. In this essay I will take about financial statement. Trying to write everything I knew about it, starting with the types of financial statement, relationship between financial statement and financial statement in practice. I will use a KSA...

Causal Effect of Creative Accounting on Financial Reporting and Decision Making. Essay

CAUSAL EFFECT OF CREATIVE ACCOUNTING ON FINANCIAL REPORTING AND DECISION MAKING. (A Survey of Selected Financial Institutions in Nigeria)[email protected] com By: Jackson Etibensi A Concept Note Submitted to the University of Calabar, Graduate School as Prerequisite for Admission into MSc. Accounting,...

Accounting Irregularity Analysis Essay

Zale Corporation is a jewelry retailer with headquarters in Irving, Texas. Zale’s common stock is registered with the United States Securities and Exchange Commission and trades on the New York Stock Exchange under the symbol “ZLC”. Zale misstated financial reports for the fiscal years ended July 31, 2004...

Value at Risk (VaR) Essay

Financial markets started to use the “Value at Risk” extensively since 1990’s. But the measures of Value at Risk (VaR) were active in different names since as early as 1920’s (Holton 2003). It is the measurement of the worst expected loss at a given confidence level under normal market conditions over a...

Biovail Case Essay

Biovail Case
1. How many truckloads of product are actually required to carry $10 million of product? Show your calculations. 1 Wellbutrin XL tablet is estimated to be 0.5 cm3 + 1.00 cm3 for packing space = 1.5 cm3 where, 18-wheeler trailer’s dimensions are: 17m x 4.5m x 2.5m. Volume= 1,700 x 450 x 250 (in...

CAFR Budget Analysis Paper Essay

Introduction
The Comprehensive Annual Financial Report (CAFR) that our team chose to analyze is for the State of Ohio. The CAFR is for the fiscal year that ended June 30, 2006. The information that was reviewed for the CAFR budget analysis was: the population, the State of Ohio’s governmental structure, the...

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