You have been asked to provide some guidance to the management
team of OHYA Corporation with respect to their asset
management.
After reviewing their accounting policies, you notice a few
items:
OHYA has replaced much of their equipment over the past fiscal
year as they felt the old machinery was not as efficient. They
believe the new equipment will increase output. Many of OHYA’s
competitors use older machinery which has not been replaced for
many years.
OHYA has decided to...
choose one of the most dominant InfoSec management models,
including national and international standards-based models. What
makes this model one of the most dominant? What should be taken
into consideration when selecting the most appropriate model or
framework for an organization?
International Federation of Accountants –IFAC=
www.ethicsboard.org: Go to Drop down box Standards of Guidance;
then, Code of Ethics
write a one page summary
U.S. GAAP and International Financial Reporting Standards have
largely similar guidance for accounting for business combinations.
Under IFRS, the guidance is established in IFRS 3R, Business
Combinations. One topic on which U.S. and IFRS differ is with
respect to reporting noncontrolling interest for noncontrolling
interest in consolidated financial statements.
Required
Briefly, i.e. no more than 3 paragraphs, explain the difference
between IFRS and U.S. GAAP regarding valuation of noncontrolling
interest in a consolidated financial statement.
Briefly discuss some of the services that international banks
provide their customers and the market place.
Chapter 12: Describe the differences between foreign bonds and
Eurobonds. Also discuss why Eurobonds make up the lion’s share of
the international bond market.
Discuss the role of International Accounting Standards
Board(IASB) in bringing harmonization of accounting standards and
the convergence of accounting standards.