find a current policy development in the accounting industry. In your Discussion posting, provide background on the policy development and explain how its debate and potential regulatory implementation will pose challenges for the accounting industry.
In 2012, the SEC issued its final report on its IFRS work plan intended to aid the SEC in evaluating the implications of incorporating IFRS into the US reporting system. The staff found little support for adopting IFRS as authoritative guidance in the US. However, the staff did find substantial support for exploring other methods of incorporating IFRS that demonstrate a US commitment to the objective of a single set of high-quality, global accounting standards.
Even though a mandatory change to IFRS for US public companies is not expected for the foreseeable future, the discussion about the use of IFRS in the US continues. At the AICPA National Conference on Current SEC and PCAOB Developments in December 2016, the Chief Accountant of the SEC’s Office of the Chief Accountant, Wes Bricker, indicated that although he does not foresee the use of IFRS for domestic registrants in the foreseeable future, he encouraged the FASB and IASB to work together to eliminate differences when in the best interest of capital markets. Similarly, in a public statement issued in January 2017, the outgoing SEC Chair expressed support for the development of high-quality, globally accepted accounting standards, and suggested that the SEC support further efforts by the FASB and IASB to converge their accounting standards to enhance the quality and comparability of financial reporting. Separately, the SEC is still discussing the possibility of allowing domestic issuers to voluntarily submit IFRS financial information, without reconciliation, in addition to their US GAAP financial statements.
find a current policy development in the accounting industry. In your Discussion posting, provide background on...
For this discussion, you will utilize functions to provide a way to clear Python’s integrated development environment (IDLE) window. In your initial post, provide the function for achieving this task and explain the process of clearing the IDLE window. Discuss some challenges that you faced in accomplishing this task.
Develop a policy analysis using the process outlined below. Use the literature to find possible solutions to the problem. This should be a paper of 4 to 6 pages in length, counting title page and references. Policy description A clear, concise statement of the policy issue (define the problem) A brief history of the policy issue (provide background information to frame the issue) Policy environment A description of the social, ethical and legal factors affecting the origin, development and implementation...
Fair Value Measurements As you examined in this week's Discussion, fair value measurements can influence financial reporting. For an accountant, it can also be considered a moving target, especially when values of certain assets, such as financial instruments, are based on a changing market. The pressures associated with reporting according to fair value measurements also pose ethical dilemmas. As you prepare for this Application, consider how ethics impacts accounting practice and how final assenting and dissenting opinions of rule making...
BUS350 Unit 1 Discussion 2 – Table Company: Amazon Industry Company Current Ratio 1.14 1.08 Quick Ratio 0.84 0.80 Inventory Turnover 10.57 11.22 After reviewing, the results in your table, what information does the current and quick ratios provide about this company? What additional information does knowing the Days Sales in Inventory give Sam & Martin about this company? How does the company that you researched compare with its Industry?
Critically analyzing China’s monetary policy between 1995 and 2005. Provide any websites, textbooks, etc. if used to obtain information. Background With capital controls, think of China as a closed economy; without capital controls, think of China as a small open economy. Remember the relation between net exports and net capital flows. Try to reason as a business person and answer to the best of your abilities. Briefly research China’s exchange rate regime between 1995 and 2005. (Please note that after...
U.S Trade Deficit Discussion Questions for U.S. Trade Deficit Discussion 1. What is the current US trade balance? trade balances of other industrialized nations (Choose 2)? 2. What are some 3. What are some characteristics that could be used to describe countries with which the US has a trade deficit? her 4. Which of the arguments either for or against sustaining the trade deficit-do you find more persuasive? Why? 5. What are the tradeoffs described by the arguments for and...
Once you have listened to the 2016 NPR podcast about Egypt's population concerns(https://www.npr.org/sections/parallels/2016/07/14/485853031/egypts-population-surges-past-90-million-straining-resources-of-a-poor-nation) you should provide a thoughtful discussion post that accomplishes the following: Offer a policy suggestion based on our text's discussion of economic growth (discussed in CH 12) to help address an issue alluded to (or focused on) in this podcast. Highlight the problem, explain your policy, tie your policy to a long-run determinant of economic growth, explain why it should work, also highlight its limitations. Note, there...
In this discussion, please provide your understanding of BIM for Architecture Design based on learning Chapter 5 and the reviewed case studies (and your working experience, if applicable). You may wish to include the following as topics of discussion (choose at least three topics; 5pts for each topic, 15pts in total). Read as many postings as you can and type comments on atleast 2 postings (2.5pts for each comment, 5pts in total 1) Benefits by using BIM processes and tools...
You are a top executive in your corporation. After careful consideration, you were selected to work on a project to use MIS to change the way business is run. You will be responsible for researching the practices in your industry, identify the strengths and weaknesses of the industry, and make an innovative plan to use MIS to improve on current practices Your report MUST include the following side headings: • History and Background (provide detailed information about the industry, past...
For this discussion, find a recent news story that details a breach in information security. The breach could have occurred in a government organization or in a private company. Give a high-level summary to provide context to your peers (including a link to the article), then, in your posting, include the following: What kinds of policies would have helped to prevent this breach? Why would the policies you suggest help the organization? What can the organization do differently (in regards...