write a 1 page essay on the latest developments between the U.S. (SEC and FASB) and the IASB in converging accounting standards and in converging their conceptual frameworks.
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- To make sure you are up to date on the special guidelines the GASB has declared, your manager asked you to research GASB Statement No. 56. He also asked you to show him, side by side, how government accounting journal entries might differ from for-profit journal entries in these similar events. Write 500–750 words that addresses the following: When was GASB Statement No. 56 initiated? In your own words, what is the essence of the new ruling? Why did the GASB probably deem it as being necessary? How might GASB Statement No. 56 change the activities of any accountant performing governmental accounting? Create journal entries for all of the following situations. On 10/1/2010, a for-profit Company A provides $100,000 of service to Company B. Company B plans to pay their bill 90 days later. Create the journal entry when the service is provided. Create the journal entry when the cash is received. On 12/1/2010, the city’s recreation department receives a government grant of $100,000 specifically to use for next year’s park upgrades, which will begin on 1/1/2011. Create the journal entry made when the cash is received. Create the journal entry to be made on 1/1/2011. A for-profit retail store buys $200,000 of inventory on 9/1/2010. Create the proper journal entry to show purchase of this inventory. A local city park buys $200,000 of food merchandise for later resale. It uses the purchase method to account for inventory. Create the proper journal entry for when this purchase is made. A nonprofit organization receives a $250,000 donation on 12/1/2011, but the donor specifically wants it spent in 2012. Create the journal entry or entries to show the proper recording of revenue (this may require more than on journal entry). Create the subsequent journal entry to show spending of the funds.
- To make sure you are up to date on the special guidelines the GASB has declared, your manager asked you to research GASB Statement No. 56. He also asked you to show him, side by side, how government accounting journal entries might differ from for-profit journal entries in these similar events. Write 500–750 words that addresses the following: When was GASB Statement No. 56 initiated? In your own words, what is the essence of the new ruling? Why did the GASB probably deem it as being necessary? How might GASB Statement No. 56 change the activities of any accountant performing governmental accounting? Create journal entries for all of the following situations. On 10/1/2010, a for-profit Company A provides $100,000 of service to Company B. Company B plans to pay their bill 90 days later. Create the journal entry when the service is provided. Create the journal entry when the cash is received. On 12/1/2010, the city's recreation department receives a government grant of $100,000 specifically to use for next year's park upgrades, which will begin on 1/1/2011. Create the journal entry made when the cash is received. Create the journal entry to be made on 1/1/2011. A for-profit retail store buys $200,000 of inventory on 9/1/2010. Create the proper journal entry to show purchase of this inventory. A local city park buys $200,000 of food merchandise for later resale. It uses the purchase method to account for inventory. Create the proper journal entry for when this purchase is made. A nonprofit organization receives a $250,000 donation on 12/1/2011, but the donor specifically wants it spent in 2012. Create the journal entry or entries to show the proper recording of revenue (this may require more than on journal entry). Create the subsequent journal entry to show spending of the funds.
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- who have a ull article .“Una Profanacion” (A Profanation), July 31, 1889 by rizal Join now or log in to start viewing answers. Report DMCA Find answers by subject and course code Select a subject Select a subject AC ACC ACCT ACCTG ACG ACNT ACT AE AED AET AFT AH AJS AL ALG AMBA AND ANT APC AR ART ARTS AST BA BAM BANK BAT BBA BBC BBUS BCJ BCOM BE BEH BEM BFIN BGA BHA BI BIO BIOL BIOS BIS BIZ BIZNZ BM BMDS BMGT BNSN BOLT BORN BOS BSA BSHS BU BUA BUEC BUL BUS BUSC BUSI BUSN BUSS BYP BZ CBM CC CCIS CCJ CDG CE CEIS CFIN CFR CGD CGS CIS CISS CITE CJ CJA CJHS CJS CJUS CMC CMGT CMIS CMIT CO COIT COL COLA COLL COM COMM COMP COMS COS COUN CPAS CPMGT CRI CRMJ CS CSCI CSI CSS CST CSU CT CUL CWV DAAC DB DBM DDD DMB DOC DRAW DRG EBUS EC ECC ECCO ECE ECET ECN ECO ECOL ECOM ECON ECT ED EDU EE EED EEE EEK EF EG EGM EGT EH ELL EMG EMGT EN ENC ENG ENGL ENGR ENT ENV ESE ET ETH ETHC EX EXP FA FACE FAS FEN FF FI FIN FINA FINC FINGM FIR FIS FN FNC FNCE FNS FP FREE GB GBA GBM GE GEN GEO GEOG GEW GLG GM GMC GOV GOVT GP GRM GS GSCM GTT HA HCI HCIS HCM HCP HCR HCS HEA HHS HI HIS HIST HIT HIUS HLT HLTH HM HMCO HMGT HMT HPE HPI HR HRDV HRM HRMG HS HSA HSC HSCO HSM HSS HTM HTML HU HUIS HUM HUMN HUN HY IBA ICS IDEA IFRS IM IME INB INF INFA IO IQ IS ISCOM ISSN IT ITB ITCO ITM IWT JET JFT JGT JIS JKQ JKT JMWI JOAN JUIS JWI JWM JWMI KIO KS LAS LASA LAW LAWS LCC LDR LEG LIB LIT LITR LLC LO LP LSS LSTD LTC MA MAN MAT MATH MATT MB MBA MBAA MC MCJ MDP MEC MFW MG MGMT MGT MHA MHC MHHR MHR MIS MK MKRT MKT MKTG ML MM MMHA MN MNSO MPA MPM MT MTH MTK NGR NH NIKE NIT NR NRS NSG NTC NU NUR NURS NV OBC OBEO OCN OI OLD OM OMM ORG OWNS PA PARI PBO PCN PED PEP PGBM PH PHE PHI PHIL PHL PHSC PHY PHYS PL PLY PM PP PPA PR PRES PRG PROJ PRS PRT PS PSL PSY PSYC PSYT PXT QAT QGT QLT QNT QRB QS QSO QUANT RDG RE REL RES ROOM RUN SA SAS SBE SC SCI SCIE SCIN SCM SE SEC SEI SHS SLP SO SOC SOCS SRM SRT SS STA STAR STAT STR SUS TCO TCOS TEAM TEC TLMT TM TMGT TRP TSX TVM TY UC UGB UNV USTIC VCT VTC WEB WEE WEEL WGD WORD WORK WRTG XACC XBCOM XBIS XCOM XECO XMGT YES ZN ZNSO What users think about Study Acer Genie Excellent at putting the work in and help you learn. I recommend her methods. DixieChick Awesome! did it in great timing at a great price…he’s your guy! redfigga Very good, just a few grammar corrections needed. Other than that i was satisfied!! Very quick and on point, will definitely be back if I ever need more help!!! xoxox bhvitoritt A , Very fast submission, 100% original Sign up, get A+
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