GASB vs IFRS

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While globalization has pushed the boundaries on communication and technology, it has steadily increased the ease of and access to international trade. As international business continues to increase, it is more critical now than ever for government accountants to understand the various cultural and ethical factors encountered during cross-cultural exchanges as well as recognize the accounting standards associated with international business.
After reviewing the Resources for this week, respond to the following:
Explain how the Governmental Accounting Standards Board (GASB) “Summaries of Statement No. 34: Basic Financial Statements – and Management’s Discussion and Analysis for State and Local Governments (GASB 34)” (http://www.gasb.org/st/summary/gstsm34.html )and “Summaries of Statement No. 37: Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments: Omnibus – An Amendment of GASB Statements No. 21 and No. 34 (GASB 37)” reporting model meets financial report users’ needs for operational accountability information about government activities. (http://www.gasb.org/st/summary/gstsm37.html )
Evaluate transparency disclosures and their impact on ethics. What measures are in place to make sure that there actually is transparency? What are the ramifications of unethical reporting?
How will the convergence with International Financial Reporting Standards (IFRS) impact government accounting?

Sample Solution

The Government Accounting Standards Board is an independent, non-political organization founded in 1984. The board’s mission is to promote clear, consistent, transparent, and comparable financial reporting for state and local governments—the Federal Accounting Standards Advisory Board (FASB) does the same for the federal government. Taxpayers, holders of municipal bonds, legislators, and oversight bodies rely on this financial information to shape public policy and invest. The Government Accounting Standards Board’s (GASB) Functions The GASB’s uses an open and independent process that encourages broad participation from all stakeholders and objectively considers and analyzes all their views. For example, in January 2018,

 

 

 

 

Maya Angelou’s Poems

There is a route when there is a will, and Angelou continually standing up and attempting to remain alive. Mayo Angelou clarifies the truth among battling and defeating their excellence in her sonnet “Ladies Work”. This sonnet is about a mother, ideally a single parent with a kid to deal with her. Sonnets start with a message: “I feed the youngsters/spruce up/floor mop/purchase food/then dry the fry chicken/infant/I feed the organization/I have weeds in the nursery/I have a shirt to battle Can wear/slice/I need to clean this lodge/Then hope to pick patients and cotton (1-14).

The topic for this semester depends on Maya Angelou’s sonnet “Confined Bird”. From the start, I believe that you imagine this may resound with our understudies. There is no uncertainty that the sonnets, stories and visual works of art created by our understudies create around their physical pens, the dull dividers of the jail. Be that as it may, a significant number of them extend your usual range of familiarity to discuss different confines a long ways past this enclosure and feel they are caught: society, their families, and equity framework

I chose to begin my examination with Maya Angelou ‘s Still I Rise by Maya Angelou. Craftsmanship style verse frequently utilizes dialects, which prompts understanding of numerous implications. In the wake of tuning in to the acclaimed and regarded verse’s exhibition of Angelow, I figure it will be a perfect possibility to catch as a score. Maybe by breaking down Angelu’s offbeat cadence and elements it is conceivable to dispose of different implications and bits of knowledge into the way Angelou is attempting to make it conceivable to encounter this sonnet.

R. S. It would be ideal if you cautiously inspect Lore by working ladies at Thomas and Maya Angelou. How do writers express their mentalities toward life and work with their own sentences? R. Thomas’ sonnet “Legend” and Maya Angelou “Ladies Works” are stanzas about the work and life of two totally various individuals. The sonnet “Legend” is about the laborers of Wales who prefers their work and likes customary cultivating strategies. He tries sincerely and supports an incredible entirety, he works for himself. This sonnet was additionally composed by ranchers Maya Angelow of Wales: Source of individuals “I am a human,” Angelow stated, “Nobody can ponder to me” (Shafer). Maya Angelow is likely the most “human” individual on the planet. Surely, her human race develops in all the battles she encountered in her initial days. Her life is described by the unsteadiness of her family and family, and the test of being a person of color in the nineteenth century. Her profound humankind is obvious to everybody.

 

 

 

 

 

 

 

 

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