Essays on Verifying

IAS37: CURRENT ISSUES IN FINANCIAL REPORTING

IAS37: Current Issues in Financial Reporting Introduction Since the publication of IAS 37, it provides explicit directions for companies to recognize provision, contingent liability and contingent assets. IAS 37 undermines the traditional accounting concepts of prudence hence leading to considerable volatility in companies earning reports. The IAS 37 helps in disclosing the transaction incurred in an organization that is associated with liabilities. In the IAS 37 standard, the word “probable” has been adversely used and hence providing options of creative accounting essential for companies to recognize its provision on balance sheet. Before the amendment of current IAS 37, the ...

Quantitative study

Campbell, D. A., Lake, M. F., Falk, M., & Backstrand, J. R. (2006). A randomized control trial of continuous support in labor by a lay doula. Journal of Obstetric, Gynecologic, & Neonatal Nursing, 35(4), 456-464.

Database from which the article was retrieved

Wiley Online Library Study Design The study utilized a randomized controlled design whereby the participants were randomized into either the control (no intervention) group or the experimental (doula group). As such, the design utilized was suitable and consistent with the study since it enabled the investigator to effectively compare the outcome measures of the two group and come up with significant inferences (Polit & Beck, 2013). ...

Introduction

The accounting for valuation and impairment of goodwill has received important recognition in popular areas. However, due to the economic crisis in the United States and the ongoing steps towards the convergence with the IFRS, a focus on the potential valuation of goodwill has become to the forefront. This project will examine the accounting issues of valuation of goodwill for the major areas of concern for the corporate financial position such as economic, social, and legal or political issues under each accounting body (FASB and IASB).

Government patronage/ support The products of a company will experience high demand especially ...

Executive summary

In recent years, the issue of corporate governance and ethics has grabbed attention in the light of corporate scandals that have reported since the Enron scandal. Scandals emerge is environment where corporate governance is weak (Knell, 2006 pg 162). These unethical practices start at the accounting department or elsewhere but covered up during preparation of the accounting records of the company (Knell, 2006 pg 165). The possibility of fraud in accounts poses the single most corporate risk. This report will explore Classic Hotels Inc, its structure, internal and external environment and finally zero in on accounting systems and controls ...