Effective for FS issued after 9/15/09 The “codification” replaces previous standards.

Slides:

Advertisements

Similar presentations

9 x9 81 4/12/2015 Know Your Facts!. 9 x2 18 4/12/2015 Know Your Facts!

Advertisements

Page 1 | Proprietary and Copyrighted Information Part C Review Jim Gaa, Chair, Part C Task Force IESBA Meeting New York October 13, 2014.

1 x0 0 4/15/2015 Know Your Facts!. 9 x1 9 4/15/2015 Know Your Facts!

1 x0 0 4/16/2015 Know Your Facts!. 1 x8 8 4/16/2015 Know Your Facts!

3 x0 0 7/18/2015 Know Your Facts!. 4 x3 12 7/18/2015 Know Your Facts!

Generally Accepted Accounting Principles Common set of standards for U.S. accounting Not laws, but nearly treated as such Developed primarily by Financial.

28th Annual Conference H o l i d a y I n n H a r b o u r s i d e I n d i a n R o c k s B e a c h, F l o r i d a 2005 F.A.A.E. Irvin N. Gleim Saturday,

Goodbye Extraordinary Items Presented at Mainline Association for Continuing Education at Great Valley, PA on March 19, 2015 by Joel Wagoner, CPA, CMA,

Chapters 1 & 2 Financial Accounting and Accounting Standards and Conceptual Framework for Financial Reporting ACCT

Financial Accounting and Accounting Standards

GAAP and Accrual Accounting By Violeta Mercado. Address: Recognition Measurement Disclosure Generally Accepted Accounting Principles (GAAP)

Effective for FS issued after 9/15/09 The “codification” replaces previous standards Acct 592 version.

Administrative –12 th Edition –FARS access: SBA computer lab –Actg 199 –Intro Questionnaire Due Wednesday 1/10 –Sammy Skateboard Take-home quiz due Wednesday.

Accounting Theory ( 5th edition) Wolk, Tearney & Dodd

Chapter 1: Financial Accounting and Accounting Standards

Chapter 19: Issues in International Accounting Translation of foreign operations National accounting differences Anglo-American model Continental model.

SITUATIONANALYSISSITUATIONANALYSIS OUTPUT: SITREP + MEDIA STATEMENT FACILITATOR: CTL APPROXIMATELY TIME: 15 MINUTES 1.CTL to direct the Situation Analysis.

Intermediate Financial Accounting I Financial Accounting and Accounting Standards.

Chapter 3 The Environment of Accounting Research.

National Association of State Auditors, Comptrollers and Treasurers GASB Update The views expressed in this presentation are those of Chairman Vaudt and.

FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS

Intermediate Financial Accounting I Financial Accounting and Accounting Standards.

Accounting Theory (6th edition) Wolk, Dodd and Tearney

1 An electronic presentation by Douglas Cloud Pepperdine University.

I 1 The Environment of Financial Reporting ntermediate Accounting

The Appraisal Practices Board (APB): Its Role and Function Gary P. Taylor, 2012 Chairman Appraisal Practices Board.

1 The Impact of SAS 112 on Governmental Financial Statement Audits GAQC Member Conference Call January 4, 2007 Presented by Chuck Landes, CPA.

HEALTH SCIENCES CENTER Contract and Grant Accounting Update RAFT February 6, 2015.

4 x1 4 10/18/2015 Know Your Facts!. 5 x /18/2015 Know Your Facts!

3 x0 0 10/18/2015 Know Your Facts!. 11 x /18/2015 Know Your Facts!

Career Exploration Lesson 8. Check-in: Completed your draft business plan Raise your hand if you have done this Take a new team picture Logo update: ready.

Thomas L. Porter, Ph.D., CPA Senior Consultant FASB Update & SFAS No. 143 – Asset Retirement Obligations.

1 Standard Setting for Nonpublic Entities Activities of the FAF/FASB  2006-FASB created Private Company Financial Reporting Committee (PCFRC)  2008-FAF.

ACTG 3110 Chapter 1 - Financial Accounting and Accounting Standards.

Weaknesses of CAP Part-time committee members Lack of independence Not explicitly recognized by SEC Lack of full-time professional staff.

©2004 Prentice Hall Business Publishing Introduction to Financial Accounting, 3e by Werner/Jones1 - 1 Chapter 1 Introduction to Business in the United.

The Environment of Financial Reporting C hapter 1 An electronic presentation by Norman Sunderman Angelo State University An electronic presentation by.

The Environment of Financial Reporting C hapter 1 An electronic presentation by Norman Sunderman Angelo State University An electronic presentation by.

Accounting Standard Setting: Developing Generally Accepted Accounting Principles (GAAP) for preparing financial statements & related disclosures pre 1929:CPA’s.

Page 1 Auditor Reporting – Listing of Independence/Ethical Sources Bruce Winter, IAASB Member and DT-700 Chair IESBA Board Meeting – Agenda Item 8 April.

1 An electronic presentation by Douglas Cloud by Douglas Cloud Pepperdine University Pepperdine University An electronic presentation by Douglas Cloud.

Chapter 1 Financial Accounting Standards 1. Standard Setters Securities and Exchange Commission (SEC). Formed to administer the Securities Act of 1934.

ACC 497 Week 1 DQ 1 To purchase this material click below link What is the FASB Codification.

Intermediate Accounting

Intermediate Accounting

groups that impact Accounting rules

Financial Accounting and Accounting Standards

Conceptual Framework of Accounting

Environment and Theoretical Structure of Financial Accounting

2008 Annual Meeting ● Assemblée annuelle 2008 Québec

Characters in thesis project

مراجعة عامة.

2012 סיכום מפגש 2 שלב המשכי תהליך חזוני-אסטרטגי של המועצה העליונה של הפיזיותרפיה בישראל.

Financial Accounting and Accounting Standards

FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS

FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS

Chapter 1: Financial Accounting and Accounting Standards

Chapter 1: Financial Accounting and Accounting Standards

Learn Your 2x Facts.

قوانين برگزاري مناقصات و آيين نامه مالي و معاملاتي دانشگاه علوم پزشكي و خدمات بهداشتي ،درماني تهران

FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS

Financial Accounting and Accounting Standards

Commission Regulation and Recommendation

IEEE Task Group G Report to the IEEE WG

Presentation transcript:

Effective for FS issued after 9/15/09 The “codification” replaces previous standards

1938 CAP formed 1959 APB formed 1973 FASB formed CAP Issued 51 ARBs APB Issued 31 Opinions FASB Issued ____ Statements 21 years14 years 36 years to 6 per year 2009 Codification Effective 2009

Place topic on agenda Appoint Task Force Conduct Research Issue Discussion Memorandum Hold public hearing Analysis of public response Issue Exposure Draft of ASU Hold Public Hearings Analysis of public response Modify exposure draft Vote (approval requires 5 of 7) Issue Accounting Standard Update (ASU) Due Process in Standard Setting

Step 1 – FIND the material!

Step 2 – APPLY standard to the facts