Introduction & Intent of Project The International Accounting Standards Board (IASB) and The Financial Accounting Standards Board (FASB) have undertaken a joint revenue recognition project that clarifies the principles for recognizing revenue that can be applied consistently across various transactions‚ industries‚ and capital markets. This project will apply to all contracts with customers except leases‚ financial instruments and insurance contracts. The joint project will attempt to remove
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usual. Reform of the Australian sports system – both at elite and community level – can be put off no longer. Over the past decade there have been many reports into sport – the Oakley report‚ the Senate’s inquiry into women in sport‚ a review of the ASC act‚ an unreleased plan for disabled sport – and yet very few of the recommendations have been acted upon. It is clear that we need new directions
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In order for the ASC salesperson to fully understand the broader scope of the project for seating‚ they need to know for what purpose and why the renovation is taking place. They need to know the specifications of the space‚ flow of traffic‚ and the types of shows that the venue will be booking. The salesperson needs to know what is important to the Seattle Music Arts Association. They need to know to what level of comfort they want the seats to encompass and if they have customized preference
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Sarah Nau Emotional Intelligence and Leadership in the ASC This reading hit home for me in a number of ways. I thought it was a very intriguing article; not only did it remind me of managers I have worked with‚ but it also made me think about my management skills and how I affect those around me. I realized that I am usually the one keeping things upbeat in my restaurant job today. That also means that when I am in a bad mood‚ people really notice. Since reading this article I have made
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Rani Saleh ASC 1190 Pamela Antos 23 January 2015 Critical Reading Assignment #1 1. Do you think instructors and students need to know anything about each other’s personal lives? Does it depend on what subject the instructor is teaching? Why or why not? I believe that the sharing of personal lives between instructors and students can be a great tool to better connect with the students. If the students know the teacher on a more personal level‚ they may view their teacher as someone they
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head: GASB AND FASB ANALYSIS PAPER Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper Mandy Diaz University of Phoenix Marie Romero ACC 460 / Government and Non-Profit Accounting March 30‚ 2010 Governmental Accounting Standards Board and Financial Accounting Standards Board This paper will be aimed at comparing and contrasting governmental (GASB) which is Governmental Accounting Standards Board and proprietary (FASB) which is Financial
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Fraud Risk Memorandum This memo is to determine potential fraud risks that may exist within our client‚ Apollo shoes. There are reasons to believe that potential fraud risks do exist‚ however these risks are only hypothetical‚ but will be tested to assure users that Apollo’s financial statements are fairly stated. First‚ the client’s prohibition of contacting the predecessor auditor is considered a red-flag. The importance of the predecessor’s working papers and comparative work would make completing
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The FASB takes an interest effectively in the improvement of IFRS‚ giving info on IASB ventures through the IASB’s Accounting Standards Advisory Forum (ASAF) and through different means. The FASB adds to the improvement of IFRS by sharing perspectives in light of its past experience or created through the FASB’s expected procedure‚ partner effort‚ examination‚ and thoughts. We trust our endeavors to enhance GAAP advantage from the global viewpoints increased through our cooperations with the IASB
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Acc 301 T/TR 8-9:15 Codification Paper #6 A) 605-15-25-1 25-1 If an entity sells its product but gives the buyer the right to return the product‚ revenue from the sales transaction shall be recognized at time of sale only if all of the following conditions are met: a. The seller’s price to the buyer is substantially fixed or determinable at the date of sale. b. The buyer has paid the seller‚ or the buyer is obligated to pay the seller and the obligation is not contingent on resale of the
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GASB and FASB Comparison Government and Not-For-Profit Accounting GASB and FASB Comparison The Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) have some similarities and differences even though it may seem on the surface to be the same. The fact the FASB created the GASB for governing not-for-profit and government organizations but with very different goals in mind. The same can be said for full accrual basis of accounting and modified accrual
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