SFAS 154 - Accounting Changes and Error Corrections Assignment

SFAS 154 - Accounting Changes and Error Corrections - Assignment Example At times, it also happens that a change in the accounting policy or principle affects the consolidated financial statements of the group as well. So, SFAS 154 aims to highlight all of the above discussed issues in details and provide appropriate guidance as how to incorporate the effects of all those changes in the financial statements of the reporting entity. This article is structured in such a manner that first section describes the overview of SFAS 154 which includes the objective of its issuance as well as the scope of this standard. Next section focuses on recognition, measurement and disclosure requirements of SAFS 154. Third section highlights the comparison of SFAS 154 of FASB with IAS 8 of IASB i.e. a comparison between US GAAP and IFRS in respect of these two standards. An illustrated example is also provided after the comparison of the standards which is then followed by a conclusion which summarizes the whole article. Overview of SFAS 154 Objective Mainly the objective o f FASB to issue this standard is to bring more convergence with IASB towards the preparation, development and furnishing the financial statement as a high quality single set across the world (Deloitte, 2008). As IASB has issued IAS 8 on similar footings, therefore it is the intension of both accounting standard boards to bring more harmonized financial statements in most of the areas of accounting. ... The section â€Å"Accounting Changes† is further divided into three areas which are â€Å"Changes in Accounting Principle†, â€Å"Changes in Accounting Estimates† and lastly, â€Å"Changes in the Reporting Entity† (Financial Accounting Standard Board, 2009). Scope The scope of this standard covers three areas which are listed below (Financial Accounting Standard Board, 2009): 1. SFAS 154 is applicable for both profit making business organizations as well as not-for-profit organizations. In this standard both these kinds of organizations are referred to as â€Å"entities†. 2. Another application of SFAS 154 can be possible in case of summarized financial information which are primarily based upon the financial statements such that accounting changes are reflected in the accounting period in which those changes have arisen. 3. SFAS 154 also encompasses the other forms of financial statements which are prepared for some special purposes. Measurement, R ecognition and Disclosure Changes in Accounting Principles SFAS 154 provides specific guidelines to incorporate a change in the accounting principle. A change in the accounting principle is the change that has been made by FASB by making amendment, addition or deletion in the existing accounting standards issued by FASB (Financial Accounting Standard Board, 2009). FASB requires the entities to bring the effects of the changes in accounting principle retrospectively such that all of the previously issued financial statements need to be modified as a result of change in accounting principles (Deloitte, 2008). SFAS 154 also guides the entities in the situations where it is not practicable for the entities to bring the effects of the

Business service management Assignment Example | Topics and Well Written Essays - 2000 words

Business service management - Assignment Example On the similar context, ‘Business Service Management’ is considered as a dynamic approach that assists the organisation to support its Information Technology (IT) operations in relation to its business functions (Darmawan & Et. Al., 2004). The paper studies the purpose of Business Service Management with respect to its importance and purposes in the organisations with due consideration to the service concept, customer segmentation and customer expectations and perceptions. Service management can be defined as the management of IT infrastructure including software systems, hardware systems, documentations, communication techniques and facilities, as well as skills which enable the organisation to provide and maintain high quality in their services. Business Service Management can also be considered as the application of service management principles with an intention to enhance the quality of the services provided by the organisation. IT operations are required to maintain proper organisational infrastructure which further supports the systematic functioning of the business as stated in the application of service level agreements (Darmawan & Et. Al., 2004). Business Service Management is dedicated to holistic approach of changing and improving the service function of the organisation with due consideration to service concept, customer segmentation and customer expectations. In addition, Business Service Management helps in measuring and maintaining the service quality provided by the organisation. The main purpose of Business Service Management is to assist in improving operational efficiency in every dimension of the organisation and maintaining the quality of services offered. The major contribution of it can be observed in reducing and controlling the extra incurred expenses by integration and automation procedure (Meyer, 2008). Emergence of IT and its inclusion in the business operation are the smart ways adopted by the organisation to deliver the

Can Ivy League Students Write an Essay About Death of a Loved One?

Can Ivy League Students Write an Essay About Death of a Loved One?'Can Ivy League students write an essay about the death of a loved one?' Such is the question posed by the editor of the college paper. In many cases, the answer is yes, it can be done; however, it will not be easy.Although death can be painful, as it is with any loss, you must prepare yourself in advance to handle the situation with poise and grace. If you are writing for an academic journal, make sure you understand what it means to do a story on death. This means writing a persuasive essay on the subject that serves your particular topic and one that is well-written.In your story, focus on what may be of interest to your readers and stay away from telling too much. It is important to inform them of the details and do not go overboard with this because this can come across as an unnatural, dramatic story. Have patience, and understand that the story you're about to tell is going to help them remember someone who real ly did pass away, and not just write something about the sadness of loss. Tell them about the funeral and memorial service, the burial, and the homecoming.Even if you are asked to write the essay on death for a future class, your last names will be kept confidential, so do not discuss them until you have been approved. You should be able to deliver the message with confidence and professional respect.One college essay about the death of a loved one, you will probably not need to do is a biography of a famous person. The fact that you already know their life story helps you convey more of the personal details. This may require the inclusion of more facts and a bit more detail, but this will not affect the story's credibility.If you would like to become a professional writer, you can get help from other professionals who specialize in editing for corporate writing assignments. These will be able to help you with the basics and give you guidance on how to get started.Do not worry about how to write a college essay about the death of a loved one; it can be done. You just need to be ready to do it and show them you have the right attitude. Even though it may take some practice, writing a great college essay about the death of a loved one is worth it because you can help others remember someone who has passed away.

TCCNJ Application Essay Topics - Some Things You Need to Consider

TCCNJ Application Essay Topics - Some Things You Need to ConsiderBefore you start writing your TCCNJ application essay topics, there are some things you need to consider. You need to know what you want to say and be able to express it correctly. Let's take a look at some key things you need to think about.First of all, you need to realize that you should be able to tell the school the major areas of interest of your application essay topics. This is an important first step. The requirements may have already been specified, or there may be various other requirements that you need to have explained.You should be able to write as concisely as possible to use in your application essay topics. You will be required to give the school all the information about yourself, your background, your personality and many other things that will be of help to them. Just writing as much as you can from the heart will be required.In order to write the most effective and well-received application essay t opics, you should think of what you want to say before you begin writing them. In order to do this, you should have some ideas on what you want to say before you start. Without any idea what you want to say, you will be quite unable to start writing.Your writing needs to be precise. In order to write the best application essay topics, you need to use your logic and state the facts as if you are trying to convince the school. Try to make the questions as easy as possible for the school. Do not make your application essay topics difficult for them.Think about how much time you have to write an essay. Many schools require that you spend a certain number of hours on your essay before they will give you a rating. Many schools also have certain methods of grading applications. If you write something that they do not like, they will assign it a lower grade.You should have a very clear idea of the topics you want to cover when you start writing your application essay topics. Just think of t he points you want to cover in your essay. Then see what topics are required to do that.

Who Is Lying to Us About Uta Econ 5336 Econometrics Research Paper Topics?

Who Is Lying to Us About Uta Econ 5336 Econometrics Research Paper Topics? Uta Econ 5336 Econometrics Research Paper Topics Secrets That No One Else Knows About If Data Analysis isn't there, then you are going to have to install it. Econometrics is a fairly new area of study. After you're prepared to think of a thesis, have a look at these Argumentative Thesis Statement Examples. Knowledge of compiled programming languages like Fortran or C can also be useful. Paper Masters can compile a project you can be pleased with. Therefore, you don't fret about an approaching deadline or a challenging assignment. Students will take part in empirical applications utilizing actual data and simulation exercises. There will not be any in-class exams. You don't need to acquire super technical with legal argumentative essays, but make sure to do your homework on what the present laws about your preferred topic actually say. Because each family differs, it's difficult to generalize in these kinds of essays. There are a few difficult sections of this subject too, particularly when the students are expected to give presentations or they are requested to compose a research based term paper. As a result of this, many disagree on the way the laws should change (if they need to change at all) and there are numerous topics to select from. Since there are lots of fields within economics so after identifying the field where the researcher wishes to execute the research, he should determine the wide topic to execute the research. It's among the secrets which help learn how to compose a fantastic thesis statement for a research paper. Writing an ideal research study appears to be quite a struggle, but you can manage it easier. It follows that the researcher must weigh this issue against several criteria. You will not locate econometric studies sufficient for this paper on the internet, however some journals do have articles on the internet. Research paper topics on Business will aid you in finding good suggestions to compose your research about. Research paper topics on Marketing will re-fresh your suggestions and give a few important hint on the potential topics you could pick for your paper. Research paper topics on English Literature will provide you fresh ideas to utilize in your paper. Economics is a rather popular academic subject among students for lots of factors. You've completed the appropriate thing if you have decided on economics as your important subject. There are invariably a broad range of opinions on the field of technology, and here are our favourite things to consider on the subject. Having said this, students do need to have read at the very least a handful (6-8 is a sensible expectation) of papers on the subject. By way of example, in college, you might be requested to compose a paper from the opposing viewpoint. Evidently, the point ought to be something you know about. If you select the incorrect subject, you might get stuck with your writing and have a tough time moving forward. Through using genuine business info, the class offers a comprehension of how to link economic theory with practice. If you would like a paper on this issue you aren't sure about, contact online writing service to receive proper assistance. Usually, introduction begins with some bright opening sentences that are also known as hooks. With time, supplemental inquiries on special topics are added for specific months. The custom made research papers are going to be in your folder when you require that, maybe even earlier.

Most Noticeable Research Paper Topics for Climate Change

Most Noticeable Research Paper Topics for Climate Change The cost of an essay is dependent upon the quantity of effort the writer has to exert. There are many small business report writing tips which can also help you learn to compose an outstanding report. When you own a list before your eyes, it is going to be simpler to compose your mind and begin considering a specific matter. Even if a particular research paper topic is getting lots of buzz at this time or other men and women seem interested in writing about it, don't feel tempted to make it your topic if you don't genuinely have some kind of interest in it also. To start with, it's important to specify which kind of reports is necessary for a specific intent. Quite frequently, the very best topic is one which you truly care about, but you also will need to get ready to research it. Also, include your own perspective on this issue and you couuld write why exactly you opted to write on this theme. Indicate a minumum of one source or reference in your initial post. Before you commence writing a single word of your paper, you first will need to understand what your thesis will be. If you prefer excellent paper essay examples, reach out to us here today and we are going to do our very best to supply you with the most suitable guidance. More frequently than not, your essay is about the program work. An argumentative essay requires you to choose a topic and have a position on it. Therefore, a superb structure of all your chapters is necessary for a great first impression. It is better to select a topic in which you have your interest, and you may present new ideas by studying the appropriate literature currently offered. If you're confused with a selection of interesting topics to research online, it's much better to determine what interests you the most. Exactly like the research writing the choice of the research topic is a difficult issue to do. Such a paper should concentrate on the advantages and disadvantages of the method and compare it to similar procedures. The most important job of cross-sectional strategy is to compare examinees of different age. It is the alternative method to longitudinal method. Explain what you learned in this research approach. Longitudinal method accounts for individual social, psychological and psychophysiological peculiarities of somebody. These methods practically are thought to be mutually complementary. Longitudinal method provides the chance of defining genetic connections between phases of psychic improvement. The issue is that cross-sectional method presupposes the introduction of equivalent groups according to numerous elements, such as sex, education, social level and others. Culture explains what's going on here because these are distinctive and local phenomena. Science does not require consensus. The key thing that we must discuss is that how to help to lessen the gasses on our earth. Let's take climate change for instance and whether it's solely due to human mistreatment of Earth. It's necessary that each and every person on earth will consciously attempt to cut back their personal carbon dioxide output and that society for a whole will diminish the emission of greenhouse gases through industry and transportation of products. The managing of solid wastes in recent time has come to be an extremely major challenge. Even subtle changes in the planet's orbit could really make a difference. Just in the previous 40 decades. Analyze deforestation rates in a particular area or globally over a time period.