User Account

All Pages

Explain how convergence differs from harmonization

Assignment Help Accounting Basics
Reference no: EM131392743

Discussions

1.) Some of the environmental factors described in your reading which contribute to worldwide diversity in financial reporting include (1) legal system, (2) taxation, (3) providers of financing, (4) inflation, (5) political and economic ties, and (6) culture.

Pick the two factors you believe are the most problematic when attempting to set standards for financial reporting at an international level. Defend why you believe they are the biggest road blocks, and how they may be overcome.

2.) Explain how convergence differs from harmonization.

-In your opinion what are the two most important arguments in favor of international convergence for U.S. public companies?

-In your opinion what are the two most important arguments against international convergence for U.S. public companies?

Reference no: EM131392743

Questions Cloud

About the impact of pre-existing condition : Suppose that the insurance company would set the premium by imposing a zero profit restriction. That is, the premium would be set to be (1+L)EB, where L is the loading factor and EB is the expected benefit. Let us assume that L = 20%. Based on this s..
Explain the benefits of exercise and proper nutrition : Describe at least two ways you will encourage development of gross motor skills for this age group on a daily basis. Make sure to include how you will assess learning, as well as all materials you will need and how your classroom design or outdoo..
The marginal social cost of each concert : Summer concerts are a pure public good in the town of Bucktown, The marginal social cost of each concert every night is at $500. Explain why it would be inefficient to require each resident of Bucktown to hire their own band at $500 for each concert.
Develop control system of automatic coffee vending machine : Develop the control system of an automatic coffee-vending machine. Insertion of a coin and pushing of buttons provides a paper cup with coffee that can be black, with sugar, with cream, or with both. Describe the features of the machine as a disc..
Explain how convergence differs from harmonization : Explain how convergence differs from harmonization. In your opinion what are the two most important arguments in favor of international convergence for U.S. public companies?
Develop a flowchart to describe the event sequence : An SCR with a 4.0-V trigger is used in the circuit of given Figure as a light-dimmer control. What resistance, R, should be used to provide approximately 10% to 90% on time?
Discovery-driven team and an execution-driven team : Wise leaders know that the key to balancing innovation and execution skills in a team or company is knowing who has what skills and then figuring out how to combine those complementary strengths within a team to generate quality ideas that will produ..
Tendency for oligopolists to cheat on collusive agreements : There is strong tendency for oligopolists to cheat on collusive agreements because: When there is demand-pull inflation, people's total spending in the economy will be falling.
What three financial reports would you use on regular basis : What three financial reports would you use on a regular basis? What information would you find on each statement? What decisions might each statement help you make?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd