### Relationship between the iasb and the fasb

Assignment Help Accounting Basics
##### Reference no: EM13761658

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are currently working on a joint venture referred to as the convergence project. Write a 1,050- to 1,400-word paper describing the relationship between the IASB and the FASB. Include the following in your paper: ·A brief history of the relationship between the two boards and the IASB equivalents of the FASB original pronouncements ·An explanation of how the MSA program prepares the student for a professional life within the accounting vocation Format your paper consistent with APA guidelines, including appropriate citations and references.

#### Current events in recent industrial history

Discuss the current events in recent industrial history to reduce the usefulness of direct labor as the primary basis for allocating overhead to products. What is your view

#### Calculate the average total cost per unit

Calculate the average total cost per unit for the 16,000 units manufactured in May. Explain why this figure would not be useful to a manager interested in predicting the cos

One year Potter, Inc. had gross income from sales of \$210,000, business expenses of \$230,000, and dividend income from U.S. corporations of \$150,000. Potter's 80 percent div

#### Walmart reported as a noncurrent liability

In its 2009 balance sheet, Walmart reported as a noncurrent liability, "Deferred income taxes" of \$3,076 million. Why is this different from the \$1,605 million "net deferred t

#### Literature review about the following topic

Prepare your report in a professional, academic writing, manner/format. Demonstrate what you have researched and learned in a coherent fashion and communicate your ideas clear

#### Determine the appropriate lease classification

Each of the four independent situations below describes a lease requiring annual lease payments of \$10,000. For each situation, determine the appropriate lease classification

#### Amount of income tax expense as a separate item

Provincial Inc. reported the following before-tax income statement items: Provincial has a 30% income tax rate. Provincial would report the following amount of income tax ex

#### What is enterprise risk management

Visit the Institute of internal auditors website and focus on the frequently asked questions section. Explain How internal and external auditors differ and how they relate.