Explains the changes in gaap standards

Assignment Help Accounting Basics
Reference no: EM131020386

Write a business memo, in proper form, that explains the changes in GAAP Standards to the new IFRS Standards. Address the memo to your supervisor/faculty member. In your memo, consider possible changes to the business/accounting culture of your firm, and be sure to address the following concerns in your memo:

  • Your supervisor is concerned if additional training will be required.
  • How would you describe the cost/benefit of this training to your supervisor?

Reference no: EM131020386

Questions Cloud

Requires an initial fixed asset investment : Down Under Boomerang, Inc. is considering a new three-year expansion project that requires an initial fixed asset investment of $4,200,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it wi..
Determine how much of this value is from contributions : Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R=15,000;4.5% interest compounded quarte..
Amounts to come up with the store cost : How much should I ask from investors to start up a store. I'm doing the project and have financial statements. How should I add up amounts to come up with the store cost?
What are the break-even points for both marketing options : You have started a business that sells a home gardening system that allows people to grow vegetables on their kitchen countertop. You are considering two options for marketing your product. The first is to advertise on local TV. What are the break-ev..
Explains the changes in gaap standards : How would you describe the cost/benefit of this training to your supervisor?
Estimate the percentage of time headways : Suppose you are counting the traffic in an onramp of Pacific Motorway. Vehicles are known to arrive according to a Poisson process. Vehicles are counted in 30-second intervals. You count the number of arriving vehicles in 200 intervals, 20 of whic..
Cost of energy between the two months : The number of equivalent units produced in October and November was 500,000 pounds and 550,000 pounds, respectively. Evaluate the cost of energy between the two months.
What are the key legal factors present in the scenario : What are the key legal factors present in the scenario - what are the 4 elements of a valid contract? How do they relate to the scenario in question?
Find the interval on which function increases : Find the interval(s) on which f(x) increases, given that f(x) = x3 - 12x + 1. Find the interval(s) on which f(x) increases, given that f(X) =- 2x (25x2 + 75 + 72).

Reviews

Write a Review

Accounting Basics Questions & Answers

  1 maker systems manufactures automated test systems that

1. maker systems manufactures automated test systems that perform quality inspections during and at the completion of

  What probability ratios can be drawn from thisif you are to

selected data from the carmen company at years end are presented below total sales

  What is the difference between cad, cam, and cim

What is the difference between CAD, CAM, and CIM?

  Ironwood corporation has ordinary taxable income of 40000

1. which of the following items would be includable in the gross income of the recipient?a. insurance payments for

  Pebco companys 2011 master budget included the following

pebco companys 2011 master budget included the following fixed budget report. it is based on an expected production and

  A company has inventory of 15 units at a cost of 12 each on

a company has inventory of 15 units at a cost of 12 each on august 1. on august 5 they purchased 10 units at 13 per

  In addition the controller asks you to send an additional

you have been assigned to the confirmation of aged accounts receivable for the blank paper company audit. two of them

  What is the breakeven point for company

What is the breakeven point for this company? How much would we expect in profit for every unit sold above breakeven? What if the company has its budget set at $35,000 target profit? How many units must it sell?

  Gift shop ubit a local exempt organization that trains

gift shop ubit. a local exempt organization that trains at-risk youth for employment has an annual operating budget of

  On july 172008 tim mcgraw borrowed 42000 from his

on july 172008 tim mcgraw borrowed 42000 from his grandfater to open a clothing store. starting july 17 2009 tim has to

  Dell computers is a leader in the industry with over 56

dell computers is a leader in the industry with over 56 billion in sales each year. assume that estimated warranty

  Publicly traded companies are required to report earnings

publicly traded companies are required to report earnings per share data on the face of the income statement.compare

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!

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