International Accounting Standards Board

of analyzing the financial crisis, most of the researches had been done based on the traditional critical discourse analysis. Bickes, Otten and Weymann (2014) concentrate on the instances of metaphorical language in the news coverage of three international news magazines to investigate how these three media present the crisis differently. Fonseca and Ferreira (2015) adopted the Critical Discourse Analysis to explore the discursive legitimation strategies adopted by Portuguese government on its…

need for accounting and transparency of organizations. Prior to 1994, nonprofit organizations used fund accounting to represent balanced sheets. Fund accounting offered an overall picture of the organization’s finances in a complicated fragmented way, in other words it made reporting difficult and therefore seeing a clear picture of the organizations finances became very challenging (McLaughlin, 2010). On the other hand, according to McLaughlin (2010), the Financial Accounting Standards Board…

In the present years, there has been raised the debate on the conversion of GAAP (Generally Accepted Accounting Principles) to IFRS (International Financial Reporting Standards). Companies, especially in the United States of America, are using a system of inconsistent accounting standards for their financial reporting. That is why FASB encourages most organizations moving to a universal system of reporting. However, the transition affects the financial data, financial compliance controls,…

They each have their own little nuances depending on transaction that it taken place, but the standards are mostly straight forwards in what the accountants are required to do. This is why it should come as no surprise that the financial disclosures in Swiss GAAP are just a stringent as they are in the US GAAP framework. The disclosure requirements…

1. What is an operating segment? An operating segment is a management-approach-based segment. According to GAAP, an operating segment is a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, including intersegment revenues and expenses; whose operating results are regularly reviewed by the enterprise’s CODM; and for which discrete financial information is available (textbook p. 490). 2. What is a reportable segment according to…

reporting standards are defined most cleanly as a set of guidelines and rules for conveying formal records of financial activities of an entity, capable of being applied consistently across the level at which they are designed. This can be locally, within a small or independent economy, or globally, as is the case with the IFRS and US GAAP, both of which have a wide range of users, both governments and firms pursuing the respective benefits which come from following a fixed set of accounting…

level accounting courses, there are many different types of courses that can be directly relevant to such a program. I’ve taken courses related to this program for several years, so I believe I would be well prepared to endure the academic and cultural experiences. Academically, since this is an accounting specific program, I would say that all of my required accounting classes have allowed me to build up my knowledge on the subject. The class that developed my understanding of what accounting…

My choice of the company to base on in my financial statement analysis is the Walt Disney Company. This is a company that mainly deals with the entertainment industry by animation.Its aim are to become, in the nearest possible future one the leading providers of entertainment and information to their various audiences. This is done by their various efforts to invest in creativity so that they are able to pull more audiences towards their works of art. Their commitment to creativity and…

The Walt Disney Company Financial Statement Analysis My cull of the company to base on in my financial statement analysis is the Walt Disney Company. This is a company that mainly deals with the regalement industry by animation. Its aim is to become one of the leading providers of entertainment and information to their audiences. This is done by their efforts to invest in creativity so that they are able to pull more audiences towards their oeuvres. Their commitment to creativity and…

Those norms, values, and beliefs give some insight into how different aspects of society have an impact on personal lives as well as accounting. Environment does have an effect on accounting (Cerne, 2009). There are of course differences that do occur because of the adoption of the International Financial Reporting Standards (IFRS), and Generally Accepted Accounting Principles (GAAP. Many studies have been performed to understand the attributes of culture. One study that of culture was by…