International labour standards

As the result, the Appeals Council Office Disability Adjudication Review (ODAR) headquarters is located in Falls Church, Virginia. This is one of last levels for an administrative decision for Appeal Council issues. However, the Social Security Administration’s (SSA) will be the final action for claims. This is the final action for claims filed under Title II and Title XVI under Social Security Act. Appeals Council Office Disability Adjudication Review For the most part, Appeals Council…

Specific Identification Method My wife manages Stark Carpet’s San Francisco showroom. Their offerings include antique Oriental and Persian rugs with retail values in the tens to hundreds of thousands of dollars. This kind of inventory fits the specific identification method’s criteria i.e., high-end/price, low volume sales that track each inventory item individually as either a cost of goods sold on the income statement or a remaining asset on the balance sheet. Dr. Walther presented specific…

Revenue Recognition Changes Caused Fraud Revenue Recognition standards as we all know has been codified or updated several times in an effort to improve the usefulness and relevance of the reporting information. The trial and error concept of identifying what criteria works across business industry in recognizing revenue instigate several opportunities. The fact that there is not going to be a general standard on recognizing revenue that is commonly suitable to all business types turn out to be…

Kyle Kakalia International Accounting Case #2 Ruckman, Inc In his assessment of Ruckman, Inc, Chris should recommend many of the following conversion implementations take place. We will start with the differences between IFRS and US GAAP in capitalization of development costs. For IFRS, there are six requirements that need to be met in order to capitalize a development cost, and a development cost can only be capitalized if it meets all of these six requirements. First of the criteria is a…

Walter P. Schuetze, the Chief Accountant to SEC and the Chief Accountant of the SEC’s Division of Enforcement, published an article entitled “What are assets and liabilities? Where is true north? (Accounting that my sister would understand) in 2001. Mr. Schuetze addresses what are assets and liabilities? He asserts that “the FASB’s definition of an asset is so complex, so abstract, so open-ended, so all-inclusive and so vague that we cannot use it to solve problems” (p. 12). In my opinion, that…

The article titled “The Going Concern Assumption: Critical Issues for Auditors” written by Bor-Yi Tsay and Sean Chen found in the CPA Journal talk about the going concern issue to how it affects auditors and the challenges that auditors risk in issuing a going concern or not. As Bor-Yi and Sean Chen focus on this article “is to present the relevant issues surrounding the topic of the going concern assumption in financial reporting and auditing.” Bor-Yi and Sean Chen started their article by…

Company Information a) Company name: Magnum Berhad Industry: Gaming b) Company name: London Biscuits Berhad Industry: Confectionery manufacturing Comparisons of Tax-Related Format and Disclosure Both Magnum Berhad (Magnum) and London Biscuits Berhad (LBB) are holding companies. Their respective group companies are Magnum Group of Companies and London Biscuits Berhad Group. Based on my observations, several comparisons can be made on the tax disclosure between the two chosen companies. Firstly,…

would work toward convergence of existing U.S. standards not included in the convergence project to IFRS. This, according to Beswick, would ensure that existing guidance was appropriate for U.S. companies on a standard to- standard basis; when the IASB would issue new standards, FASB would decide whether to adopt them. As described in a May 2011 SEC staff paper, Work Plan for the Consideration of Incorporating International Financial Reporting Standards into the Financial Reporting System for…

Introduction Audit committees have an important role to play in order to uphold both perceived and actual independence of the external audit process and this role will continue to evolve going forward (Cohen, Krishnamoorthy & Wright, 2002a). KPMG's Audit Committee Institute (2003) states: “Today, as never before, the role, responsibility, and accountability of the audit committee continue to be the focus of lawmakers, regulators, and shareholders. The audit committee's role in overseeing a…

frameworks in a bid to enhance uniformity and consistency in financial reports. Different countries all over the world have been evident to adopt varying standard that govern the presentation and recognition of the items in financial reports. However, with the current trends towards globalization, companies in the US have grown interests in embracing standards that govern MNCs and global firms. It is however worth noting that, despite the overwhelming advantages associated with this…