Monday, October 17, 2011

Big Shot Investors Say No to IFRS

By Emily Chasan of WSJ

When SEC Chairman Mary Schapiro said in June that investors aren’t clamoring for International Financial Reporting Standards, she may have been understating things… a bit. Now, some of the biggest U.S. investor groups are letting the SEC know in no uncertain terms that it should postpone its decision on IFRS and even stop the convergence process between U.S. GAAP and IFRS.

In comment letters to the SEC this week, some big investors and analyst groups had some scathing words about IFRS, claiming, among other things, that the International Accounting Standards Board isn’t independent enough from political interference to set accounting rules for the United States.

Capital Research and Management Co, which manages over $1 trillion, wrote that U.S. GAAP was “clearer, more effective and more advanced” than IFRS in providing the information it needs to make investments. CRMC Chairman Paul Haaga wrote in the letter:

While we support the idea of a consistent set of high quality accounting standards for companies worldwide, unfortunately we do not believe IASB has been effective in achieving this objective. Moreover, IASB’s ability to achieve this objective has been gravely diminished by political influence.

CRMC, which is the investment advisor to the American Funds mutual funds, said it doesn’t expect to benefit from the more comparable reporting IFRS is supposed to provide because the standard is applied so inconsistently around the world, and urged the SEC to retain U.S. GAAP. It also said the convergence process between U.S. accounting rule makers isn’t working and should be stopped.

Investors, analysts, and others, who use financial statement, are the purported beneficiaries of a switch to IFRS, as a single set of accounting rules should make it easier to compare publicly-traded companies around the world. Many CFOs are on record saying they would bear the cost of an IFRS switch if they think investors would benefit.

But even the CFA Institute, which represents over 100,000 portfolio managers, investment analysts and advisors throughout the world expressed doubts, saying it would be “premature” for the SEC to inject IFRS into the U.S. financial system. The CFA Institute said its continued support for IFRS is not unconditional, and that the International Accounting Standards Board needs to ensure its independence and more consistent application of its rules before U.S. companies are required to use them.

After abandoning an earlier plan that would have had U.S. companies using IFRS as soon as 2014, the SEC has said it would make a decision this year about whether companies in the U.S. should move toward the international standard, which is used in more than 100 other countries around the globe.

Thursday, October 6, 2011

International Business Assignment Need Help

Group Assignment (20%)
Assignment Submission: 13 October 2011 (Thursday), 11:00am


Today’s rapidly changing economy requires increased quantities and quality of workforce. Countries, organisations, as well as individuals face many issues related to this challenge.

In your assignment, select an organisation, OR a country. Then, discuss, analyse and finally answer this question:
‘Import Workers or Export Jobs?’

The length of your analysis must be 4000 words (Excluding reference/ bibliography lists and Table of Contents)

It is compulsory for students to follow the assignment presentation and assignment paper Requirements lists and Assessment Schemes in writing the paper. If the presentation and paper does not adhere to the Requirements and Assessment Scheme, the lecturer and tutor reserves the right to deduct marks accordingly.

MKT5000 – Marketing management

Assignment 1
              Description                     Marks out of             Wtg (%)                Due date
 Marketing audit (modules 1–5)                     40.00                 40.00        

Length: 2000 words maximum
You are required to write one Marketing Audit Report (2000 words maximum – excluding
references). You should try to have a good list of references showing where you have found your
information. It is important to cite all work and websites you have visited. Do not use textbook
references. Websites, Magazines and other such periodicals must be referenced. See the links to
journals. If in doubt, check with a USQ reference librarian.

Audit company and report
Your first assignment is to conduct a marketing audit on one of the firm case outlines offered.
These can be found on USQ study desk. Information that will assist you to analyse this firm can
be found on the internet, you can look to firms local to you that are like these firms and use them
as a benchmark and you can use library and media searches. These are Small Medium Enterprises
so will be easier to evaluate for you. You must conduct a marketing audit which includes an
environmental scan, PEST analysis, customer analysis, and competitor analysis and stakeholder
analysis.You must clearly analyse the internal and external factors of this firm and offer a SWOT
to support this. Further materials will be available to support these cases on the study desk. The
modules 1-5 will support these activities and the discussion activities we have completed will also
support these activities. Once you have completed all of the analytical sections, you must develop
a set of important issues that are the outcome of the SWOT, this is called a gap analysis or a TOWS
analysis.
Your assignment 1 will be completed at this point. An example of a TOWS is offered.
                                                                                   © University of Southern Queensland

MBA level on Information and Knowledge Management

Following are my assignment question for MBA level on Information and Knowledge Management:
 Assignment                                                                                                                           
It is generally agreed among scholars and practitioners that most of the knowledge that
resides within organisations is tacit in nature. Tacit knowledge refers to that knowledge
that cannot be articulated and stored independently and normally remains part of the
individual’s cognitive thought. This knowledge remains an important factor for achieving
competitive advantage in today’s knowledge based economies. Thus, it is vital for
organisations to ensure such knowledge is captured and managed effectively and this can
be achieved through effective knowledge sharing practices. Knowledge sharing is noted
as one of the most important knowledge management activities. However, there remain
many barriers to knowledge sharing as people are reluctant to share knowledge.
As the newly appointed Knowledge Management (KM) director, your company has given
you the task of turning the firm into a knowledge based organisation. You were given the
task to look into the following:
1. To identify the barriers to knowledge sharing in the firm.
2. To develop a knowledge sharing framework.
3. To suggest effective knowledge sharing practices for the firm.
You are required to write a report to the management addressing the issues above. The
report should be about 3500 words.
 

Ask for 2nd Assignment Writing Order

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Wed, Sep 28, 2011 at 12:50 PM
subjectMKT assisgment
mailed-byyahoo.com
signed-byyahoo.com
Important mainly because of the people in the conversation.
hide details 12:50 PM (2 hours ago)
Hi Justin,

Thanks.I can read it. Give me some time read thru 1st. If there have any changes I will let you know.

Enclosed herewith another assisgnment . Delivery date is 11/10/2011 . Kindly send a quotation.
Thank you.



Best Regards,

Monday, October 3, 2011

Top Ten Most Influential Accountants

A Top Ten list from a list of 100 of the most influential accountants in the U.S., as compiled by Accounting Today.
For the complete list of the Top 100 Most Influential People in Accounting of 2011, you can access the digital edition at http://www.accountingtoday.com/ato_issues/25_9/Top-100-Most-Influential-People-Accounting-59963-1.html

1. Barry Melancon, President and CEO, American Institute of CPAs
2. Mary Schapiro, Chair, Securities and Exchange Commission
3. Leslie Seidman, Chair, Financial Accounting Standards Board
4. Douglas Shulman, Commissioner, Internal Revenue Service
5. James Doty, Chair, Public Company Accounting Oversight Board
6. James Kroeker, Chief accountant, Securities and Exchange Commission
7. James Metzler, Vice President of small firm interests, American Institute of CPAs
8. Hans Hoogervorst, Chair, International Accounting Standards Board
9. Mark Koziel, Vice President of firm services & global alliances, American Institute of CPAs
10. Gary Boomer, CEO, Boomer Consulting
See if you made the list of 100 by looking here.