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US GAAP- Quick Learning module

US GAAP- Quick Learning module. This site is basically meant for Indian readers particularly Finance Heads, Corporate Accountants, Auditors, CPA aspirants , MBA Students , CA and CFA Students, Job seekers in MNC etc who will find the information extremely useful to gain a basic understanding. To make continual impprovements. I'll be updating the site frequently, so check back often! Last updated 5th Sep,2005. Sanjoy Banka, FCA,FCS,.

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US GAAP- Quick Learning module | usgaap.tripod.com Reviews

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US GAAP- Quick Learning module. This site is basically meant for Indian readers particularly Finance Heads, Corporate Accountants, Auditors, CPA aspirants , MBA Students , CA and CFA Students, Job seekers in MNC etc who will find the information extremely useful to gain a basic understanding. To make continual impprovements. I'll be updating the site frequently, so check back often! Last updated 5th Sep,2005. Sanjoy Banka, FCA,FCS,.

<META> KEYWORDS

1 background

2 sfas

3 sfac

4 hierarchy

5 us gaap

6 gaap world

7 gaap compared

8 case studies

9 sox act

10 ifrs

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US GAAP- Quick Learning module | usgaap.tripod.com Reviews

https://usgaap.tripod.com

US GAAP- Quick Learning module. This site is basically meant for Indian readers particularly Finance Heads, Corporate Accountants, Auditors, CPA aspirants , MBA Students , CA and CFA Students, Job seekers in MNC etc who will find the information extremely useful to gain a basic understanding. To make continual impprovements. I'll be updating the site frequently, so check back often! Last updated 5th Sep,2005. Sanjoy Banka, FCA,FCS,.

INTERNAL PAGES

usgaap.tripod.com

1

IFRS

http://usgaap.tripod.com/id15.html

US GAAP- Quick Learning module. International Accounting Standards were hitherto pronounced bv International Accounting Standards Committee (IASC ). Founded in June 1973 as a result of an agreement by accountancy bodies in Australia, Canada, France, Germany, Japan, Mexico, the Netherlands, the United Kingdom and Ireland and the United States, and these countries constituted the Board of IASC at that time. Parent entity of the IASB. The following is the list of extant International Accounting Standard cur...

2

SOX Act

http://usgaap.tripod.com/id13.html

US GAAP- Quick Learning module. The Sarbanes-Oxley Act of 2002 is considered to be the most significant change to federal securities laws in the United States. It has been enacted following. Series of corporate financial scandals, including those affecting Enron, Arthur Andersen, and WorldCom. Among the major provisions of the act are: criminal and civil penalties. For securities violations, auditor independence. Certification of internal audit work by external auditors and increased disclosure. Sec 205&...

3

Hierarchy

http://usgaap.tripod.com/id11.html

US GAAP- Quick Learning module. GAAP represents set of pronouncements like SFAS issued by FASB, APB Opinions issued by Accounting Principles Board (APB) of AICPA, AICPA Accounting Research Bulletins issued by AICPA, FASB Technical Bulletins issued by FASB, statement of Position (SOP) issued by AICPA, Consensus Position of Emerging Issues Task force. EITF) of FASB , FASB staff Position (FSP) ,. Practice Bulletins of Accounting Standards Executive Committee (AcSEC) of the AICPA. Hierarchy of US GAAP.

4

US GAAP vs Indian GAAP

http://usgaap.tripod.com/id6.html

US GAAP- Quick Learning module. Significant differences between Indian GAAP and US GAAP. US GAAP stipulate stringent accounting treatment as well as disclosure norms, whereas their Indian GAAP in many cases have relaxed requirements ( AS 18,17,AS 3). Similarly, there are several areas where no Accounting Standard have been issued by ICAI . Some of these major differences between US GAAP and Indian GAAP which. Give rise to differences in profit. Prudence vs. rules. Rule oriented", detailed and complex&#46...

5

GAAP Listing- SFAC

http://usgaap.tripod.com/id9.html

US GAAP- Quick Learning module. Till May , 2005 FASB has issued 7 Statement of Financial Accounting Concepts (SFAC) which attempt to organise a framework that serves. As a reference point in formulating SFAS. Thus , SFACs serve as a theoretical framework for the development of Accounting standard and do not constitute authoritative GAAP. Objectives of Financial Reporting by Business Enterprises. Qualitative Characteristics of Accounting Information. Superseded by SFAC No. 6.

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US GAAP- Quick Learning module

US GAAP- Quick Learning module. This site is basically meant for Indian readers particularly Finance Heads, Corporate Accountants, Auditors, CPA aspirants , MBA Students , CA and CFA Students, Job seekers in MNC etc who will find the information extremely useful to gain a basic understanding. To make continual impprovements. I'll be updating the site frequently, so check back often! Last updated 5th Sep,2005. Sanjoy Banka, FCA,FCS,.

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