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One such focus is to understand the major differences in US GAAP and IFRS (International Financial Reporting Standards). The portfolio project is divided into two parts; provide detailed responses to both parts of the project.
Part I
1. Provide a detailed history of the convergence project between US GAAP and IFRS.
2. Discuss in detail the major differences between US GAAP and IFRS applications.
3. Provide a list of countries that have adopted IFRS and how cultural differences can impact interpretation of IFRS.
Part II
1. Explain Transfer Pricing in detail.
2. Provide a detailed example of how Transfer Pricing can be used successfully by Multinational Corporations.
3. Please discuss in detail various methods of translating foreign currency financial statements.
What are the advantages of the four different special journals? When would you use each type? What is a subsidiary ledger and what purpose does it serve?
compute the inventorial costs for the year.
Suppose that Noven had $49,000 in an inventory of transdermal estrogen delivery patches. These patches are from an initial production run, and will be sold during the coming year.
Objective questions in accounting, Accounting is an information and measurement system that identifies, records, and communicates financial information to users. External users of accounting information include
Describes several ways to increase the value of an organization. Which of these might be applicable to an organization and why? Please provide a reference.
Zeppo Supply Company manufactures cleaning products. During the year, the company spent $600,000 on chemicals and $728,000 on conversion costs. Overhead is applied at a rate of 180% of direct labor costs. How much did the company spend on manufact..
Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?
Assuming that the company's tax rate is 30%, what amount will be reported for this loss on the income statement?
What is the legal capital of the corporation? At what average price per share has the preferred stock been issued? How many shares of common stock have been issued?
How do you determine the filing date and extended filing date for income tax returns?
Define the term "earnings per share" as it applies to a corporation with a capitalization structure composed of only one class of common stock. Explain how earnings per share should be computed and how the information should be disclosed in the corpo..
The paid-in capital in excess of par value on the preferred stock was $12,000. Retained earnings at December 31, 2010 was $172,000. Prepare the stockholder's equity section of the balance sheet, as of December 31, 2010. If need be, prepare in an E..
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