'Fasb accounting standards codification' presentation slideshows

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Chapter 1 The Economic and Institutional Setting for Financial Reporting

Chapter 1 The Economic and Institutional Setting for Financial Reporting. Learning Objectives: What is accounting? Why financial statements are important? Who are the users of financial statements? How do these users use financial statements? What is GAAP? What is the standard setting process?

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Fair Value and Derivatives Measurement and Disclosure

Fair Value and Derivatives Measurement and Disclosure. Jim Laures Deloitte & Touche LLP March 2, 2010. Agenda.

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FDIC Chicago Region Regulatory Teleconference October 21, 2010

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Environment and Theoretical Structure of Financial Accounting

Environment and Theoretical Structure of Financial Accounting. Chapter 1. Relevant. Financial Information. Financial Accounting Environment. Providers of Financial Information. External User Groups. Profit-oriented companies Not-for-profit entities Households. Investors Creditors

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Financial Accounting and Accounting Standards

Financial Accounting and Accounting Standards. Objectives of the Chapters. 1. Understand the need to develop accounting standards. 2. Study the development of accounting standards from a historical perspective. 3. The GAAP and the FASB Accounting Standards Codification.

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Chapter Two The CPA Profession

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Describe two to three examples of areas Become Exceptional/tutorialoutletdotcom

FOR MORE CLASSES VISIT www.tutorialoutlet.com Despite the voluminous nature of the tax code, there are still questionable areas relating to deductibility of expenses and losses as well as claiming of tax credits. The FASB accounting standards codification indicates when the uncertain tax benefit can be recognized after going through a two-step process. 1. Discuss the two-step process for recognizing and measuring tax benefit of uncertain tax position. 2. Describe two to three examples of areas where tax may be considered uncertain.

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