Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Content assessed: Accounting regulation and topic(s) that your research is related to.
Key generic skills: Research, critical thinking and communication.

problem 1

Find the comments letters received on the present exposure draft or proposal for a new accounting standard. (These could be found on websites of most standard-setting organisations, like IASB, AASB and FASB. Hint: These websites could be quite difficult to navigate, so as first step try typing “IASB comment letters”/”FASB comment letters” into google or other search engine of your choice).Read a sample of the comments from a range of respondents. Try to aim for between two and four respondents, for ex, from accounting bodies, industry, companies or corporate bodies. If you are having a problem finding suitable comments letters then contactShibly Abdullah(SAbdullah@studygroup.com) Include copies of the comments letters you wish to discuss and complete the following tasks:

1. describe in your own words the issues that exposure draft/proposal and comments letters are dealing with.

2. Is there agreement among different groups? describe the issues where there is agreement/disagreement and provide exs.

3.In your opinion, which of the three theories of regulation (like, public interest, private interest or capture theory) best describes the comment letters? Justify your answer. Adapted from Rankin, Stanton, McGowan, Ferlauto and Tilling (2012).

problem 2

Find a newspaper article or web page report of the item of accounting news, i.e. it refers to a present event, consideration, comment or decision that has been published after June 2013. Your article can also come from one of the professional journals like 'Charter'. The article must not come from an academic journal. Academic journals generally don’t contain news articles or articles of less than one page and are usually only published 2 or 4 times a year. If you are having a problem ensuring that your article is from an suitable source contact Shibly Abdullah (SAbdullah@studygroup.com).

Describe the article which you have found in your own words and clearly relate concepts, ideas and facts within the article to one or more of the theories or topics that you have studied this session. Like, the Australian Financial Review article contained in your readings could be linked to topics like Ethics, Accounting regulation and politics and Normative accounting theories (conceptual framework projects).

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92737
  • Price:- $70

Priced at Now at $70, Verified Solution

Have any Question? 


Related Questions in Accounting Basics

1 mrs beach wants to invest a lump sum of money today to

1. Mrs. Beach wants to invest a lump sum of money today to have $100,000 when she retires at 65 (she is 40 today). a. How much of a deposit would she have to make if the interest rate on the C.D. was 5%? b. What would Mr ...

Assignment gaap applicationsinternal controlrecall that in

Assignment: GAAP Applications Internal Control Recall that in Units 2 and 3, you completed the accounting cycle for Dustin Larkin of Quixote Consulting. Quixote Consulting is a part-time consulting business that recently ...

1identify the impact on operating cash flows increase or

1. Identify the impact on operating cash flows (increase or decrease) for changes in inventory levels (increase or decrease) for both companies for each of the three most recent years. Use Excel for your analysis. See Ch ...

Auditing and ethical practice and auditing and ethics

Auditing and Ethical Practice and Auditing and Ethics Assessment Task The object of this assignment is to assist students to develop critical analysis skills in relation to auditor independence and issues in accepting au ...

In january 2013 mitzu co pays 2650000 for a tract of land

In January 2013, Mitzu Co. pays $2,650,000 for a tract of land with two buildings on it. It plans to demolish Building 1 and build a new store in its place. Building 2 will be a company office; it is appraised at $823,50 ...

Intermediate accounting assignment1 the nail company paid

Intermediate Accounting Assignment 1) The Nail Company paid $1,200,000 to purchase 35% of the outstanding stock of the Toe Corporation. Toe Corporation reports $450,000 of net income and paid a cash dividend of $150,000. ...

Assignmentapplication implementation of the balanced

Assignment Application: Implementation of the Balanced Scorecard APA Format Implementation of the Balanced Scorecard The term "balanced scorecard" became part of the professional accounting vernacular in the early 1990s. ...

Discussionpart 1 please respond the following question no

Discussion Part 1 please respond the following question no less then 350 words (original work, no plagiarism, 1 reference) "earnings-based valuation" please respond to the following: • Create an argument supporting that ...

Question 1 ldquoaccountancy is an information systemrdquo

Question 1. “Accountancy is an Information System”. Do you agree? Substantiate your answer with reasons. How does an Accountant help in planning and controlling a large commercial organization? Explain.    Question 2. Th ...

Assignment research applicationin this assignment you will

Assignment: Research Application In this assignment, you will use the Internet and other sources to gather and interpret information related to service and manufacturing organizations. Select either a service or a manufa ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen