http://www.ifrsbox.com IFRS Framework summary explains current Framework developments, focusing on qualitative characteristics of financial reporting, its purpose, measurement, recognition, elements of the financial statements and many more. Get "Top 7 IFRS Mistakes" report and e-mail updates at http://www.ifrsbox.com
Views: 154377 Silvia M. (of IFRSbox)
After the stock market crash in 1929 and the Great Depression, there were calls for increased government regulation and supervision—especially financial institutions and the stock market. As a result, the federal government established the Securities and Exchange Commission (SEC) to help develop and standardize financial information presented to stockholders. The SEC is a federal agency and administers the Securities Exchange Act of 1934 and several other acts. Most companies that issue securities to the public or are listed on a stock exchange are required to file audited financial statements with the SEC. In addition, the SEC has broad powers to prescribe the accounting practices and standards to be employed by companies that fall within its jurisdiction. 9. At the time the SEC was created, it encouraged the creation of a private standardssetting body. As a result, accounting standards have developed in the private sector either through the American Institute of Certified Public Accountants (AICPA) or the Financial Accounting Standards Board (FASB). The SEC has affirmed its support for the FASB by indicating that financial statements conforming to standards set by the FASB will be presumed to have substantial authoritative support. 10. Over its history, the SEC’s involvement in the development of accounting standards has varied. In some cases, the private sector has attempted to establish a standard, but the SEC has refused to accept it. In other cases, the SEC has prodded the private sector into taking quicker action on setting standards. 11. If the SEC believes that an accounting or disclosure irregularity exists regarding a company’s financial statements, the SEC sends a deficiency letter to the company. If the company’s response to the deficiency letter proves unsatisfactory, the SEC has the power to issue a “stop order,” which prevents the registrant from issuing securities or trading securities on the exchanges. Criminal charges may also be brought by the Department of Justice. At the urging of the SEC, the AICPA appointed the Committee on Accounting Procedure (CAP) in 1939. This group issued 51 Accounting Research Bulletins (ARBs) during the years 1939 to 1959. In 1959, the AICPA created the Accounting Principles Board (APB). The major purposes of this group were (a) to advance the written expression of accounting principles, (b) to determine appropriate practices, and (c) to narrow the areas of difference and inconsistency in practice. Its pronouncements, known as APB Opinions, were intended to be based mainly on research studies and be supported by reason and analysis. The FASB 14. Early in its existence the APB was criticized for lack of productivity and failing to act promptly, then it was criticized for overreacting to certain issues. A committee, known as the Study Group on Establishment of Accounting Principles (Wheat Committee), was set up to study the APB and recommend changes in its structure and operation. The result of the Study Group’s findings was the demise of the APB and the creation of the Financial Accounting Standards Board (FASB) in 1973. The FASB represents the current rulemaking body within the accounting profession. 15. The role of the AICPA in standard setting is now diminished, but has a Financial Reporting Executive Committee (FinREC), which is authorized to make public statements on behalf of the AICPA on financial reporting matters. FinREC also issues audit and accounting guides, which address particular areas in financial reporting. Furthermore, the AICPA has been the leader in developing auditing standards through its Auditing Standards Board—but the SarbanesOxley Act now requires the Public Company Accounting Oversight Board to oversee the development of auditing standards. The AICPA continues to develop and grade the CPA examination. 16. The mission of the FASB is to establish and improve standards of financial accounting and reporting for the guidance and education of the public, which includes issuers, auditors
Views: 20916 Farhat's Accounting Lectures
http://www.milescpareview.com/ Accounting for Leases in the United States regulated by the Financial Accounting Standards Board (FASB) by the Financial Accounting Standards Number 13.The accounting profession recognizes leases as either an operating lease or a capital lease (finance lease). A simple yet conceptual topic dealt perfectly! Watch this exclusive video from FAR section of CPA course and master the topic using this dynamic and interactive lecture. http://www.milescpareview.com/
Views: 90884 Miles CPAReview
EG Module 1 - Co-regulation of the accounting profession It can be very challenging to understand the regulatory structure applicable to the accounting profession. There are different boards responsible for different standards and in turn these report to different authorities. In this knowledge clip, we slowly build the regulatory structure piece by piece to aid with your understanding and learning. By the end you should be able to put together the different pieces to form a full visual depiction of the regulatory structure for the accounting profession. There are eight attributes that provide guidance in identifying the existence of a profession. The one attribute that is our focus here is a ‘high degree of autonomy and independence.’ This refers to the ability of the profession to set its own standards and regulate itself. As such, this leads us into the discussion of the accounting profession’s regulatory structure. The first piece of this regulatory puzzle is to understand the structure. The accounting profession used to have a high level of autonomy and self-regulation. Due to corporate failures and unprofessional conduct by some accountants, the accounting profession does not have full control over its regulation. Therefore it is not a self-regulatory structure. The Australian government now plays an important part in the regulatory structure. As such, this is referred to as a ‘co-regulatory structure’ since it is co-regulated by the government and the profession. The accounting profession in Australia comprises three professional bodies, namely: - CPA Australia - Chartered Accountants Australia and New Zealand (previously the Institute of Chartered Accountants Australia); - and - The Institute of Public Accountants (IPA). CPA Australia and The Chartered Accountants Australia and New Zealand established the Accounting Professional and Ethical Standards Board (APESB). This board comprises members from all three professional bodies and is responsible for setting ethical standards, such as the Code of Professional Conduct, which all three professional bodies are required to comply with. We have individual professional accountants who are required to register with one or more of these professional bodies. Each professional body has its own self-regulatory structure for monitoring compliance, setting minimum educational requirements and disciplinary processes. So, this picture outlines how the profession sets its own standards and has its own self-regulatory structures. We now look at the pieces making up the government regulation of the accounting profession. The Government piece of the regulatory puzzle starts with the Australian Financial Reporting Council (FRC). The FRC is a government body. The FRC has two boards that report directly to it. These are the Australian Accounting Standards Board (AASB) and the Australian Auditing and Assurance Standards Board (AUASB). The AASB is responsible for setting accounting standards while the AUASB is responsible for setting auditing and assurance standards. Therefore, accounting, auditing and assurance standards are not set by the profession but are set and regulated by the government. That is, they have the full force of the law and failure to comply could have legal consequences. Now let’s put all the regulatory pieces together. First we have the government regulated elements. That is the FRC which in turn has the AASB and the AUASB reporting to it. The accounting and auditing standards are set by the government. Next we have the profession’s self-regulated elements. That is the formation of the APESB and the setting of ethical standards. The professional bodies that are required to comply with all the standards are additional pieces and finally, we have the individual professional accountants who are members of one of more of these professional bodies. The professional bodies self-regulate their members. Therefore, looking at this completed puzzle, you would see that the accounting profession is not solely regulated by itself. There is a strong government element as well. Thus, this is a co-regulatory structure.
Views: 4888 KnowledgEquity - Support for CPA
http://goo.gl/O599DV for more free video tutorials covering Accounting and Financial Management. This video demonstrates why organizations need internal control and subsequently outlines the components as well as limitations of internal control. Internal control is a system of accounting procedures and processes that are designed by management and implemented by organizations personnel to promote a reliable financial reporting, ensure compliance with all regulations and promote effective as well as efficient operation. Moving on, the video explains internal control as an entire system that dictates how accounting data should be recognized, recorded and preserved. It is not just one particular act, but dictates how all activities are performed. Next, the video discusses about the needs of internal control. Later, the video outlines the components of internal control that includes control environment, risk assessment, information and communication, monitoring and control activities. Finally, the video briefly talks about the limitations of internal control system e.g., misjudgment, collisions, misunderstanding, clerical errors, expense and override activities etc.
Views: 23562 Spoon Feed Me
MSc student Jordan tells you all about his experience on the Finance and Accounting programme. The MSc in Finance and Accounting provides a competitive edge in today’s global financial markets. The combination of accounting and finance offers you a comprehensive view of: » how to ensure investors’ trust » how to manage assets in global financial markets » how international accounting practices and regulations help secure sustainable businesses and continued trust from all stakeholders Within the programme you have the opportunity to choose from two spesialisation tracks: Finance - Investment Management and Corporate Finance Accounting - International Accounting and Business Sustainability
Views: 1712 Hanken School of Economics
www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Financial statements have value only to the extent that they serve the needs of users. Having con- sidered the characteristics of government and not‐for‐profit entities, we now consider the general purposes of financial statements and the groups most likely to use them. We can then address the need for specific objectives of financial reporting and can review the objectives developed by both the GASB and the FASB. The purposes for which external financial statements—those included in an annual report—are employed vary from user to user and facilitate a combination of functions.4 For the most part, they should allow users to: • Assess financial condition. Users need to analyze past results and current financial condi- tions to determine the ability of the entity to meet its obligations and to continue to provide expected services. By establishing trends, users are better able to predict future fiscal develop- ments and to foresee the need for changes in revenue sources, resource allocations, and capital requirements. • Compare actual results with the budget. In light of the importance of the adopted budget, users want assurance that the entity adhered to it. Significant variations from the budget may signify either poor management or unforeseen circumstances that require an explanation. • Determine compliance with appropriate laws, regulations, and restrictions on the use of the funds. Users want evidence that the organization has complied with legal and contractual requirements, such as bond covenants, donor and grantor restrictions, taxing and debt limita- tions, and applicable laws. Violations not only can have serious financial repercussions, but can also jeopardize the entity’s viability. • Evaluate efficiency and effectiveness. Users want to know whether the entity is achieving its objectives and, if so, whether it is doing so efficiently and effectively. Hence, they need to compare accomplishments (outcomes) with service efforts and costs (resource inputs).
Views: 7566 Farhat's Accounting Lectures
How much do you know about corporations and their impacts? This is an important question that new EU disclosure requirements for corporations will help us being to answer.
Views: 2137 European Coalition for Corporate Justice
A recording of Lecture 8 of Accounting Standards & Regulations for the Autumn 2015 semester. Provides an introduction to the accounting for Financial Instruments (AASB 7, 9, 132 and 139). Recorded on April 30, 2015.
Views: 10750 drdavebond
http://goo.gl/D75S9t for more free video tutorials covering Accounting and Financial Management. This video gives an introduction on accounting standards full understanding the background of accounting principle & outlining the qualities and characteristics of financial information. GAAP, Generally Accepted Accounting Principles can be discerned by 2 origins- authoritative standard and conceptual framework. International Accounting Standards Board, IASB provides the foundational set of international accounting standards and Australian Accounting Standards Board, AASB uses these and adds on to them as necessary principle precise to Australia. IASB & AASB together have been considered as the base of authoritative standard. On the contrary, conceptual frameworks are developed by accounting professional to guide accountants when they prepare & present financial statement. Moving on, the video demonstrates the principles and SACS (Statement of Accounting Concepts) of conceptual frameworks in greater details. Next, it talks about the applications and difficulties of GAAP subsequently show how financial positions and performances as well as cash flows can allow users to make informed economic decision. Finally, the video talks about the quantitative characteristics of accounting standards that include relevance, reliability and comparability.
Views: 10045 Spoon Feed Me
Introduction to Accounting. What is accounting? Accounting is a useful way of recording and summarizing financial information. Businesses use accounting to keep their financial information organized which helps them in making sense of their financial data and also keeps them compliant of financial regulations. Accounting consists of 2 parts. Bookkeeping and Analysis. Bookkeeping, which is also known as financial accounting, is the process of recording and summarizing financial information. Bookkeeping involves the recording of transactions such as sales, purchases and expenses which are then summarized and presented in the form of financial statements which show the overall health of the business. Bookkeeping helps to organize the financial data which facilitates the effective management of the business by providing key information such as how profitable the business is, such as how profitable the business is, how much money customers owe to the business, how much tax needs to be paid, and so on. Bookkeeping is the backbone of an accounting system and forms the basis of analysis in management accounting. Management accounting provides information for decision making, planning and control of the business. For example, information relating to investment decisions, budgeting and performance measurement. To summarize, accounting is a reliable process for recording, organizing and analyzing financial information which helps in the effective management of the business. Study Notes: https://accounting-simplified.com/financial/what-is-accounting.html
Views: 8532 Accounting Simplified
Accounting Rules Generally Accepted Accounting Principles GAAP Why have accounting rules ? So that everyone plays the "accounting game" the same way. So, in order to provide comparative financial information the accounting profession has established some rules and guidelines. Two notable rule making bodies are the united State's Financial Accounting Standards Board and the International Accounting Standards Board. Free Accounting & Bookkeeping Help http://www.dwmbeancounter.com In a nutshell, my site Bean Counter is primarily an accounting educational and training site that offers free beginning bookkeeping and accounting tutorials, courses, exams, tests, quizzes, and games with a dose of humor injected.
Views: 3409 Bean Counter
For more videos like this go to www.patrickleemsa.com. ___________________________________ NETWORK WITH ME! PATRICKLEECPA Twitter - https://twitter.com/patrickleecpa Website – https://www.patrickleecmsa.com ___________________________________________ Send a letter or send something cool about how you’re using these videos. Patrick Lee, MSA PO Box 936 Winfield, Kansas 67156 ___________________________________________ WORK WITH ME! CONTACT US: [email protected]
Views: 1211 Patrick Lee
Follow me on Facebook - https://www.facebook.com/Studywithlavish Golden rules of Accounting, personal Account, Real account, Journal entries, Nominal account, commerce, accounts, accounting, B.com, BBA, how to record journal entries, Golden rules of accounting in english, golden rules of accounting with examples, Golden rules of accounting in hindi
Views: 259609 Lavish Gupta
Practice questions, videos and other resources to help you with your CPA Program studies are available at knowledgequity.com.au. We are an independent provider of support resources for the CPA Program and are not affiliated with CPA Australia.
Views: 7768 KnowledgEquity - Support for CPA
This video includes: What is Conceptual Framework? Objective of financial reporting Qualitative characteristics of useful financial information 1. Fundamental qualities A. Relevance (1) predictive value (2) confirmatory value B. Faithful representation (1) completeness (2) neutrality (3) free from error 2. Enhancing qualities: (1) comparability (2) verifiability (3) timeliness (4) understandability Definition, recognition and measurement of the elements from which financial The elements directly related to financial position (balance sheet) are: Assets Liabilities Equity The elements directly related to performance (income statement) are: Income Expenses Recognition, Measurement, and Disclosure Concepts ASSUMPTIONS 1. Economic Entity 2. Going Concern 3. Monetary Unit 4. Periodicity 5. Accrual PRINCIPLES 1. Measurement 2. Revenue Recognition 3. Expense Recognition 4. Full Disclosure CONSTRAINTS 1. Cost 2. Materiality
Views: 13403 Md. Azim
To Buy Complete Classes visit www.studyathome.org or Call: 8737012345. StudyAtHome.org is a Online Platform, that provides CA/ CS/ CMA classes from India's Best Professors at your Home.
Views: 22235 Study At Home
In this video we will discuss What is International financial reporting standards IFRS and their difference with Indian accounting standard in Hindi this video will be beneficial for the students of class 11th CA Foundation CPT CS Foundation IPCC and for beginners I hope you will like this video if you have any doubt please ask me in the comment box ___________________________________________ Link for the PDF and notes : https://digeshshala.blogspot.com/2018/09/international-financial-reporting.html ___________________________________________ Playlist of all classes chapterwise in hindi Class 12th accounts lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdATlcwk5xxuL9MTNAL9rYYx Class 11th accounts lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdCyPUEqE9TN3SzIkiO_gJDJ Class 11th Business studies lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdDSZWPBpHY78okveJI4Bhrx GST all chapters playlist in Hindi : https://m.youtube.com/playlist?list=PLUsUBXYVOqdBIX5qqLF53derbjKsMGHW5 All Basic terms of accounting https://m.youtube.com/playlist?list=PLUsUBXYVOqdAC3VKvwXWJr6X3oMZtbm-c class 10thmaths from ncert book/cbse in hindi chapterwise with solutions https://m.youtube.com/playlist?list=PLUsUBXYVOqdDs10r2RYPgYEfMYHZBCj-e Learn all the journal entries in 5 minutes: https://youtu.be/bRxRM6a12sA What is Asset? Expense? Capital? Liability? Income?????: https://youtu.be/S1iBPIR6umY ___________________________________________ You can contact me on: Facebook page : https://www.facebook.com/Digeshshala.digeshsoni/?view_public_for=367201753757403 WhatsApp no. 9039927843 Whatsapp group : https://chat.whatsapp.com/0gSogGmkWk2AbJpP0bnpGn Telegram group : https://t.me/joinchat/Jwr_IA7tbNG44-mdg7pvfw Facebook profile : https://m.facebook.com/Digesh.soni.31 instagram : https://www.instagram.com/digesh.soni/ twitter : https://twitter.com/soni_digesh
Views: 10674 DIGESHSHALA
Ever wondered about the logistics behind footballing transfers? ► Subscribe! It's free! http://bit.ly/TifoSubscribe ► And turn on your notifications for daily content! ► Please comment, share and like! ► http://tifofootball.com ► Follow Tifo Football on the socials! - Twitter: https://twitter.com/TifoFootball_ - Facebook: http://facebook.com/TifoFootball - Instagram: http://instagram.com/TifoFootball_ ► This was Written and Produced by Joe Devine! - Twitter: http://twitter.com/JM_Devine ⚽⚽⚽ Tifo Football, formerly uMAXit Football, taking an illustrated look into the beautiful game. ⚽⚽⚽ #FFP #PSG #MCFC
Views: 179611 Tifo Football
'분식회계' 삼성바이오, 증선위 처분에 행정소송•집행정지 신청 The biopharmaceutical arm of Samsung Group, Samsung BioLogics,.... has filed an administrative lawsuit against South Korea's financial regulator over its recent ruling on the firm's accounting violations. Samsung BioLogics also said Wednesday.... that it asked the Seoul Administrative Court to nullify the Financial Services Commission's disciplinary actions. Those actions include.... a fine of around seven million U.S. dollars.... and recommending its CEO be fired. The FSC's Securities and Futures Commission ruled this month.... that Samsung BioLogics intentionally changed the accounting method to inflate the value of its affiliate called Samsung Bioepis in 2015. The company says.... it will prove the legitimacy of its accounting management through the lawsuit. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 122 ARIRANG NEWS
This video outlines how to account for exploration and evaluation activities pursuant to AASB 6 Exploration for and Evaluation of Mineral Resources (please note that AASB 6 is equivalent to IFRS 6 Exploration for and Evaluation of Mineral Resources). This video also extends beyond AASB 6 to cover the development, extraction and sales phases. Published on 5/4/2014
Views: 5166 drdavebond
Penetrative and Powerful study assistance...Buy our latest ... Revised and Updated courses, available on High-quality videos / Pen drives. contact: 1 /56A, 3rd Floor, Lalita Park, Laxmi Nagar Delhi in person or visit site www.sanjaywelkins.com or simply forward your email we shall get in touch with u
Views: 2925 sanjay welkins
Accounting standards : audacity is needed to builD a balanced world standard around business
In this video all information is given about Accounting Accounting is one of the oldest and most respected professions in the world and accountants can be found in every industry from entertainment to medicine. Accountants are responsible for determining an organization’s overall wealth, profitability, and liquidity. Without accounting, organizations would have no basis or foundation upon which daily and long-term decisions could be made.The person in charge of accounting is known as an accountant and this individual is typically required to follow a set of rules and regulations, such as the Generally Accepted Accounting Principles. Accountants and bookkeepers prepare and maintain financial records. They make sure that financial records are accurate and prepared correctly. Additionally, they also make sure that tax reports are prepared correctly and paid when they are due. Accounting is a business language that gives information about the financial position of an organization. By learning Accounting we can easily communicate and understand the financial position of any business. Accounting allows a company to analyze the financial performance of the business and look at statistics such as net profit. The American Accounting Association defines Accounting as "The process of identifying, measuring and communicating economic information to permit informed judgements and decisions by users of the information." Accounting is systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given accounting period and the value of a firm's assets, liabilities and owners' equity. One part of accounting focuses on presenting the information in the form of general-purpose financial statements for people outside of the company. These external reports must be prepared in accordance with generally accepted accounting principles often referred to as GAAP . This part of accounting is known as Financial Accounting.This is the information that is used by managers, shareholders, banks, creditors, the public etc to make decisions involving the organization and its operations. Financial accounting information is subject to a set of ground rules that dictate how the information is reported and this ensures uniformity. Another part of Accounting provide company's management with the information in shape of reports it needs to keep the business financially healthy. These analyses and reports are not distributed outside of the company, This area of accounting is known as Management Accounting.
Views: 266 my classes
Providing a moderate knowledge upon the business of banking companies, along with solving problems on the provisions of the Banking regulation act, related to preparation of Final accounts. This lecture contains solved problems on the Balance sheet. For solved problems on Profit or Loss Account click below: https://youtu.be/TVrj-tJo3qs
Views: 3170 E campusPROF
Accounting for Strategic Response in an Agent-Based Model of Financial Regulation Frank Cheng, Michael P. Wellman EC '17: ACM Conference on Economics and Computation Session 3b: Economic Equilibrium DOI:: http://dx.doi.org/10.1145/3033274.3085114 WEB:: http://www.sigecom.org/ec17/ Recorded at the ACM Conference on Economics and Computation in Cambridge, MA, USA June 26-30, 2017
Views: 32 ACM SIGecom
In this video look at the financial regulations for academy schools, with particular reference to end of year statements, advice on VAT including what grants are available and how academies might use the funding to the best advantage. Streets has been assisting schools in the financial procedures, management and reporting relating to the creation and management of Academy status. We now act for a broad range of academies and federated academies and are currently working with a number of school heads and governing bodies on their conversion to Academy status. We recognise that the process of converting to and running an academy presents a number of challenges for shool heads, governors and business managers, we have therefore developed our specialist website www.accountants4academies.co.uk. There you will find a host of free resources, guides and advice on schools converting to academy status as well as practical hints and tips around the accounting and financial matters.
Views: 363 streetsacc1
삼성바이오로직스 분식회계 고의성 인정되어 주식거래정지 결정 The nation's financial regulator says Samsung BioLogics a biopharmaceutical arm of Samsung Group...breached accounting standards. As a result, trading of the firm's shares on the benchmark KOSPI has been immediately suspended. Also, the company will be subject to punitive examination for delisting. Kim Ji-yeon gets us up to speed with the developments. Korea's Securities and Futures Commission said Wednesday it found that Samsung BioLogics had intentionally inflated its value by nearly 4 billion U.S. dollars in 2015. It says the company had deliberately applied different accounting standards against regulations by changing the way it estimated how much its majority stake in Samsung Bioepis, its partner was worth. "Samsung has deliberately changed accounting standards back in 2015 to justify its management control. We have concluded that this was done intentionally, violating regulations." Samsung BioLogics had denied any wrongdoing saying it reflected different accounting standards in the event its unlisted joint venture Samsung Bioepis exercised its call option. But the financial regulator argued Samsung BioLogics had no legitimate reason to suddenly change the status of Samsung Bioepis from a subsidiary company into an affiliated company... allowing Samsung BioLogics to customize its books to 18 times of its partner's initial value. The move is also suspected of committing an accounting fraud in the merger process of Samsung C&T Corporation and Cheil Industries in 2015... in favor of Samsung Electronics Vice Chairman and the Group's apparent heir, Lee Jae-yong, the biggest shareholder of Samsung C&T. With this, the financial regulator says it plans to bring a lawsuit against Samsung BioLogics. It has already imposed a fine of more than seven-million U.S. dollars... and advised the company to dismiss its CEO. Samsung BioLogics said it'll file for an administrative litigation... which could take seven to eight years in total to settle the dispute taking into consideration the motion to appeal is exercised in lower courts. Meanwhile, the verdict is expected to affect some 80-thousand minority shareholders. Kim Ji-yeon, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 326 ARIRANG NEWS
Common Proficiency Test : Accounting Meaning and Scope of Accounting | Functions of Accounting | Accounting : Functions of Accounting- Measurement Forecasting Decision Making Comparison and Evaluation Control Government Regulation Taxation (00:00-07:45) Sub- field of Accounting- Financial Accounting Management Accounting Cost Accounting Social Responsibility Accounting Human Resource Accounting (07:46-09:20) Uses of Accounting Information- Investors Employees Leaders and Suppliers Customerss Government Public (09:21-17:36) Video by Edupedia World (www.edupediaworld.com), Free Online Education. Click here (https://www.youtube.com/playlist?list=PLJumA3phskPGBBRBw8-cTPYNCtNHLvZ1x) for more videos on Common Proficiency Test-Accounting. All Rights Reserved.
Views: 6887 Edupedia World
Financial Accounting Theory Class on 7th Semester Faculty of Economics University of Indonesia We are having a class debate on whether IFRS should be a Principle-based standard or Rule-based standard. ----------------------------------------------------------------------------------------- No final conclusion on which standard is better, both standard are good and sufficient for usage in a certain manner and for certain user. ----------------------------------------------------------------------------------------- Class Debate participant: Positive Team: M. Firman Ichsan M. Alvin Andoko Evan Septiawan Negative Team: Aditya Pradipta Edovan Gideon Lecturer: Elvia Rosantina Purwatiningsih
Views: 1812 Evan Septiawan
What is ACCOUNTING ETHICS? What does ACCOUNTING ETHICS mean? ACCOUNTING ETHICS meaning - ACCOUNTING ETHICS definition -ACCOUNTING ETHICS explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Accounting ethics is primarily a field of applied ethics and is part of business ethics and human ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics. Accounting introduced by Luca Pacioli, and later expanded by government groups, professional organizations, and independent companies. Ethics are taught in accounting courses at higher education institutions as well as by companies training accountants and auditors. Due to the diverse range of accounting services and recent corporate collapses, attention has been drawn to ethical standards accepted within the accounting profession. These collapses have resulted in a widespread disregard for the reputation of the accounting profession. To combat the criticism and prevent fraudulent accounting, various accounting organizations and governments have developed regulations and remedies for improved ethics among the accounting profession. The nature of the work carried out by accountants and auditors requires a high level of ethics. Shareholders, potential shareholders, and other users of the financial statements rely heavily on the yearly financial statements of a company as they can use this information to make an informed decision about investment. They rely on the opinion of the accountants who prepared the statements, as well as the auditors that verified it, to present a true and fair view of the company. Knowledge of ethics can help accountants and auditors to overcome ethical dilemmas, allowing for the right choice that, although it may not benefit the company, will benefit the public who relies on the accountant/auditor's reporting. Most countries have differing focuses on enforcing accounting laws. In Germany, accounting legislation is governed by "tax law"; in Sweden, by "accounting law"; and in the United Kingdom, by the "company law". In addition, countries have their own organizations which regulate accounting. For example, Sweden has the Bokföringsnämden (BFN - Accounting Standards Board), Spain the Instituto de Comtabilidad y Auditoria de Cuentas (ICAC), and the United States the Financial Accounting Standards Board (FASB).
Views: 6207 The Audiopedia
http://www.accounting101.org/how-to-do-a-balance-sheet How to do a balance sheet: a balance sheet is a financial document that shows the assets, liabilities, and owners' equity of a company at a given point in time. It's different from the income statement in that it is a snapshot on any given day, whereas the income statement spans a time period. Most companies prepare their balance sheets quarterly and yearly. How To Do A Balance Sheet To put together a balance sheet, you'll obviously need all of the financial data from your different trial balances. In reality, the information for a balance sheet starts with the individual transactions, but the purpose of this article is just to show you how to organize a balance sheet. First of all, there are two sides to the balance sheet: the right and left side. On the left side, you'll have your assets. On the right side, you'll have two sections: liabilities and owners' equity. The left and right side will always be equal, and the main balance sheet equation is: Assets = Liabilities + Owners' Equity This makes sense because the Assets are on the left side, and it will always equal what is on the right side, which is the Liabilities and Owners' Equity accounts added together.
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Tim Gearty, CPA, MBA, JD, CGMA shares some tips and tricks for the Financial Accounting & Reporting (FAR) Section of the CPA Exam. Other Sections: REG: https://youtu.be/nBLXjXWylZw AUD: https://youtu.be/2w-47r-GE00 BEC: https://youtu.be/xWYb6tRpOB8 Helpful Hints: https://youtu.be/fFjQPUMipOI http://www.njcpa.org SUBSCRIBE FOR MORE CPA VIDEO TIPS AND NEWS - https://www.youtube.com/c/njcpa?sub_confirmation=1 LET'S CONNECT: NJCPA ► http://www.njcpa.org FACEBOOK ► https://www.facebook.com/njscpa TWITTER ► https://twitter.com/njcpa LINKEDIN ► https://www.linkedin.com/grp/home?gid=165152
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Indian Accounting Standards (IND AS) online coaching classes by CA Raj K Agrawal for CA Final......... Please share this Video with your friends on Social Networking Sites..... like Facebook, Twitter, Linkedin, Google plus, etc........ #learning #education #FreeEducation #CaClasses
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