Articles related to "Accounting Standards"



IFRS: Accounting Standards
What is the International Accounting Standards Board (IASB) and why are the International Financial Reporting Standards (IFRS) issued by it so important?
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GAAP and Accounting Standards
Generally accepted accounting principles (GAAP) are the basis of financial accounting and reflect federal financial accounting standards. GAAP is important to US firms.
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Basic Cost Accounting Variance Analysis
Cost Accounting is the study of how much money it takes to make a product. Variance analysis allows a use to understand differences between actual and expected costs.
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The Field of Business Accounting
The field of business accounting is divided into financial accounting and managerial accounting. They are different by purpose, target audience, and standards.
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EU Ministers Ask IASB 'Please Explain'
Progress towards global accounting standards is under threat as EU finance ministers pressure standard setters for a more level playing field.
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On the Switch from GAAP to IFRS Reporting
The SEC has decided to give up GAAP. Financial statements by companies in the U.S. will no longer follow GAAP, but will follow IFRS.
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Mark-to-Market Takes Precedence in Global Crisis
The Financial Crisis Advisory Group has singled out fair value or mark-to-market accounting as one of the main areas of improvement in response to the global crisis.
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Asset Allocation
There is no "one-size fits" all approach to investing. Each investor is unique, with individual goals and worries. But some investing truisms apply to all investors.
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Financial Statements: The P & L
There are four financial statements that firms release on an annual basis. One of the most important of these financial statements is the Income Statement.
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Successfully Implementing Risk-based Audit
The key to the change in the audit industry is the emergence of risk management. This article will help the reader implement the risk perspective in audit work.
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What Is the AICPA?
The American Institute of Certified Public Accountants is an accounting organization dedicated to the enhancement of the accounting profession.
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Accounting Classes – College Courses
An accounting degree requires many types of college accounting classes. Learn about undergraduate accounting courses - financial accounting, advanced accounting, tax.
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Crises, Calamities, and Confusion in 2004
In 2004 the world experienced its share of natural disasters, wars, famine, and reconciliation and co-operation. Now we look back at the year that was and try to extract its lessons.
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Financial Statements-Balance Sheet
The balance sheet is an important financial statement that is released on an annual basis by companies; it demonstrates that the accounting equation is in balance.
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Interesting Facts About Denmark
Denmark practically guarantees visitors a good time, simply based on its rankings in surveys. Who wouldn't want to visit the happiest place on Earth?
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