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Your supervisor at YOUCPA wants to know what you think about the proposed change from GAAP to IFRS in the United States and how it will impact revenue recognition.
• Describe the methods of revenue recognition under each of the following:
o U.S. GAAP
o IFRS
• Describe 1-2 ways in which these 2 methods differ.
• Do you think that the traditional U.S. GAAP method of revenue recognition fulfills the needs of the International Financial Reporting System? Why, or why not?
In Career Focus: A Personal Job Search Guide, Martucci Lamarre (2006) suggests that if we want to realize our job dreams, we need to think about ourselves as products to be marketed.
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demont tax services provides primarily two lines of service accounting and tax. accounting-related services represent
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Immediately after the sale, the seller paid off the loan to TrustOne Bank. What is the effect of the sale and the payoff of the loan on the accounting equation?
farm labs inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. because
on march 1 fixtures and equipment were purchased for 6000 with a downpayment of 1500 plus a 4500 note payable in one
Markus Industries is authorized by its corporate charter to issue 10,000 shares of preferred stock with a 7% dividend rate and a par value of $10 per share, and 25,000 shares of common stock with a par value of $2 per share.
The subsidiary still possesses 40 percent of this inventory at the current year end. Top had established the transfer price based on its normal markup. What are the consolidated sales and cost of goods sold?
What the bookkeeper did was definitely unethical. But what if one of her grandchildren had been ill and needed an expensive operation? If this had been the case, would it have been ethical for her to take company funds to pay for the operation if ..
drug benefits and post retirement liabilities delphi companyreduced its other post reitrement benefits by approx 500
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