areeba

areeba

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Sikkim University

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English1Psychology1Computer Science1Accounting1Calculus2Biology6Chemistry3
Answer: Dunbar and Susanne Shultz's social brain hypothesis suggests that soci...

Penner, J. W., Kreuze, J. G., & Langsam, S. A. (2016).Impairment analysis: Comparison of impairment of long-lived assetsbetween US GAAP and IFRS (Links to an external site.)Links to anexternal site.. Journal of the International Academy for CaseStudies, 22(1), 97-102. Answer the following questions: Prepare amemorandum of the accounting requirements for the impairment oflong-term assets under the US GAAP and IFRS including a comparisonof the two methods. You must include citations from the AccountingStandards Codification (ASC) and the International AccountingStandards (IAS) in your memo. Treat your memo as a formal memoaddressed to the Chief Financial Officer (CFO), which will also bereviewed by the company’s auditors. In an Excel spreadsheet, createan estimate of the impairment calculation for December 31, 2012that could be prepared by the company for the nine capsized vesselslisted in Table 1, using the US GAAP and IFRS. For each of theestimates, provide support for using that estimate. Support foryour estimates should come from the shipbroker reports, thecompany’s filings with the Securities Exchange Commission, or othertypes of reliable information. Treat these estimates as if you werea staff accountant working at the company preparing these estimatesfor the CFO. As an Exhibit or Attachment to your memo in Question1, and considering your answers for Question 2, also answer thefollowing: Which of your required estimates have/will have thegreatest impact on the company’s impairment calculation using theUS GAAP? Why? If the company prepared its financial statementsfollowing IFRS, does that change your calculation of the impairmentloss and the amount of the estimate for impairment? Why or why not,and how so or how? In the December 21, 2012 financial statements,the company has not impaired the vessels. Do you agree with ordisagree with the company’s estimates? Why or why not? Whichaccounting standards, the US GAAP or IFRS, do you think providemore reliable financial statements regarding asset impairment? Bespecific. How important is it that GAAP be consistent acrosscountries? That is, do you feel it is imperative that the US GAAPand IFRS be consistent across countries around the world? Why orwhy not? What are the income tax implications of any impairmentthat could or should be recorded under the US GAAP and IFRS? Wouldthere be any difference in the accounting for income taxes from theUS GAAP compared to IFRS in this situation? Say this company was apublicly traded company, domiciled and operating out of Japan onthe Tokyo Stock Exchange instead of out of New York in the UnitedStates. What are some the cultural differences one might expectwith regards to the impairment issue you might face as the staffaccountant analyzing and then reporting again on this issue to yourCFO in Japan? Continuing the scenario from Question 5 (where thecompany is still a Japanese-based company), assume it was decidedthat an impairment loss should be reported in 2012 on the vessels.The company also prepares U.S.-dollar-based financial statementsfor internal and external use. At what exchange rate would theimpairment loss be converted into U.S. dollars in the 2012financial statements? Assume that some of the vessel lossesunrelated to any recorded impairment losses recorded for accountingpurposes can be recovered from the company’s insurance company inthe future in U.S. dollars. The company is uncertain when theinsurance company will make payment in the future for some portionof the losses that were insured. What type of foreign currencyinstrument should the company execute to lock in this payment inJapanese yen? Explain in detail your rationale for the recommendedtype of instrument. Your Word document should be 8-10 pages inlength (not including the required cover and references pages).Submissions in excess of 10 pages are permitted. Format yoursubmission according to the CSU-Global Guide to Writing & APA(Links to an external site.)Links to an external site.. You maysubmit an Excel file as a separate file supporting your submission.If you wish or include Exhibits as part of your Word documentsubmission supporting any quantitative calculations, include themas part of your submission. Be sure to discuss and referenceconcepts taken from the required and recommended readingsthroughout the course and also from your own relevant research. Youmust include a minimum of six credible, academic, or professionalreferences beyond the course text, required and recommendedreadings, or other course materials.

Answer: Dunbar and Susanne Shultz's social brain hypothesis suggests that soci...
Answer: Dunbar and Susanne Shultz's social brain hypothesis suggests that soci...
Answer: Dunbar and Susanne Shultz's social brain hypothesis suggests that soci...
Answer: Dunbar and Susanne Shultz's social brain hypothesis suggests that soci...
Answer: Dunbar and Susanne Shultz's social brain hypothesis suggests that soci...
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Answer:endel formulated the law of segregation as a result of performing monoh...

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Answer: b c c d a
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Answer:endel formulated the law of segregation as a result of performing monoh...
Answer: Feelings are derive dthrough experiances, such as happiness, trauma an...
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Answer: 5.00L, 0.00L,5,00L,30.00LStep-by-step explanation: find imiting reagan...

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