Running head: GASB AND FASB ANALYSIS PAPER
GASB and FASB Analysis Paper
Tie'rra Lorrine Holman
ACC 460
May 9, 2016
Angela Lexner
1
GASB AND FASB ANALYSIS PAPER
2
GASB and FASB Analysis Paper
Governmental Accounting Standards Board
The Governmental Account
51 q q + ( ) if A adopts Strategy II. Equating these and solving for q ,
we get q = 4 17 / . So B should adopt the randomised strategy of
choosing Option 1 with probability 4/17 and Option 2 with probability
13/17. In this case the value of the game to B
To Whom It May Concern:
This letter will confirm our understanding of the arrangements for our audit of the financial
statements of Anonymous Company, Inc., for the year ending 2015.
We will perform an audit of the Companys balance sheet and the related s
FASB Codification System
Tierra Holman
ACC 497
Deborah Adkins
June 13, 2016
RUNNING HEAD: FASB CODIFICATION SYSTEM
2
FASB Codification System
The Financial Accounting Standards Board (FASB) Codification System is the
source of authoritative generally acce
Financial Statements Paper Part 1
Tierra Holman
Advanced Topics In Accounting Research
Deborah Adkins
June 20, 2016
2
Financial Statement Paper Part 1
There is a certain amount of urgency to inform management, board of directors, and
potential investors i
Illinoiss state government is divided into the standard three branches: executive,
judicial, and legislative. The legislative branch is divided between the state senate,
House of Representatives, and the general auditor, William Holland. There are
several
GASB and
FASB
Objectivities, similarities,
and differences
Governmental Accounting
Standards Board (GASB)
Established
in 1984
Based in Norwalk, CT
Purpose is to establish the accounting
and financial reporting standards for the
United States local and
Differentiating the density function (and writing k for the constant
involving the gamma functions): = fx k x x x x ( ) [( ) ( ) (
)( ) ] 1 1 11 2 11 2 We could make the algebra a little easier
here by taking logs first and setting the derivative of the l
What are the principles of the AICPA Code of Professional Conduct?
The code of Professional Conduct includes six principles that form the foundation of the rules.
The principles include responsibilities, public interest, integrity, objectivity and indepen
1
Gentrification
Javina Harris
Poli-206
October 7, 2015
Dr. Hunt
2
History of Gentrification
Gentrification is the defined as the relocation of wealthier individuals. These individuals
move into an existing impoverished or low income community and ultimat
1
Industry Averages and Financial Ratios
Tie'rra Lorrine Holman, Dawn Ingraham, Jonathon Browne
Fin/370
August 17, 2015
Stephen Beadnell
2
Industry Averages and Financial Ratios
The company that we chose to complete our industry averages and financial rat
Running head: THE ROLE AND FUNCTIONS OF LAW
The Role and Functions of Law
Tierra Holman
ETH 321 Ethical and Legal Topics in Business
July 18, 2016
Tonia Cutchin
1
THE ROLE AND FUNCTIONS OF LAW
2
The Role and Functions of Law
The law plays a vital role not
Tierra Holman
Cost Accounting
September 15, 2015
Ethics Case
1. Who are the stakeholders in this situation?
The stakeholders in this situation would be the President of the company, Wayne Terrago, the vice
president of finance, the employees, and any othe
SWOT Analysis of Casino Industry
Casinos offer gaming activities to patrons that may include activities such as bingo, casino resorts
& hotels, lotteries, and horse betting. Major casino operations are located in Las Vegas, NV and include
such venues as C
Tierra Holman
Week 2 Textbook Assignments
Accounting 492
May 15, 2016
Ch. 1: Exercise 1-1, Questions 1, 3, 4, 5, 7, & 8
Question 1:
The traditional business model of accounting is inadequate for governments and
not-for-profit organizations primarily becau
5. What schedules or other information does the government report as required supplementary
information (RSI)?
The RSI includes budgetary comparison schedules reconciling the statutory and generally
accepted accounting principles (GAAP) net change in fund
The objective of the audit will be to gather evidence to validate the accuracy of inventory accumulation. This will need to be
performed to make sure that the inventory is being priced and accumulated correctly. We will use an audit sampling so that we
ca
terms of the distribution function F( ) x (iii) as an explicit formula. CT603: Loss distributions Page 5 The Actuarial Education Company IFE:
2010 Examinations 1.2 The gamma distribution The random variable X
has a gamma distribution with parameters and i
prior distribution leads to a posterior distribution belonging to the
same family as the prior distribution, then this prior is called the
conjugate prior for this likelihood. The likelihood function determines
which family of distributions will lead to a
statistics IFE: 2010 Examinations The Actuarial Education Company
This gives us the following probabilities: PA h h PA h h PA h h S M L ( ) ,
. ( ) , , . ( ) , , . = = = = = = = = = 2 100 5 000 0 00000016
2 1 000 5 000 0 000016 2 2 500 5 000 0 0001 2 3 2
IFE: 2010 Examinations 3 The loss function To obtain an estimator of
, a loss function must first be specified. This is a measure of the
loss incurred when g(X) is used as an estimator of . A loss function
is sought which is zero when the estimation is
be modelled by the probability density function fx x X () / = 2 2 3 , ( x
> ) where X represents the size of an individual claim. The
parameters for the three categories are S = 100 , M = 1,000, and
L = 2,500. Given only that the amount of an individual
= 2 ( ) (|) g f xd - qq q d dg EPL = 2 ( ) (|) g f xd - qq q More details
on differentiating an integral with respect to a parameter are given in
the ActEd FAC course. Equating to zero g f xd (|) q q = qq q f xd (|)
but f xd (|) q q = 1 since this is jus
initially have no opinion as to whether you have been sold long-life
bulbs or the cheaper alternative. After approximately 300 hours, the 5
bulbs you have been using are all still going. Assuming that the life of
an individual light bulb has an exponentia
in the likelihood function for that sample. So the Bayesian approach
combines the information obtained from the likelihood function with
the information in the prior distribution. Both sources of information
are combined to obtain a posterior estimate for
Examinations The Actuarial Education Company Solution Let A be the
event that a garment is faulty. Let Bi be the event that the garment
comes from manufacturer i. Substituting the figures into the formula
for Bayes Theorem, PB A ( ) 3 = ( . )( . ) ( . )(
Unknown Parameter Distribution of parameter Prior Posterior
Poisson( ) > 0 U(0, ) Gamma x n ( 1, ) + Exp( ) Gamma x n ( 1, )
+ + l Gamma(,) a l Gamma x n ( ,) + + a l Exp( ) l > 0 U(0, )
Gamma n x ( 1, ) + Exp( ) l Gamma n x ( 1, ) + + l Gamma(,) a l
G
distributions IFE: 2010 Examinations The Actuarial Education
Company The total amount of claims in a particular time period is a
quantity of fundamental importance to the proper management of an
insurance company. The key assumption in all the models stud
Butuan Integrated Bus Terminal is a full service public transportation located at Andaya Road,
Butuan City. The bus terminal features a variation of fast-food restaurants, carinderias, coffee
shops, convenience stores and souvenir shops. The bus terminal
97
CHAPTER 14
MULTIPLE CHOICE
b 1. To strengthen control procedures over the custody of heavy mobile equipment, the client would
most likely institute a policy requiring a periodic
a. Increase in insurance coverage.
b. Inspection of equipment and reconcil
A. Audit Committee
B. Management
C. Internal Audit Department
D. External Auditors
The audit committees primary responsibility
involves assisting the board of directors in
carrying out its responsibilities as they relate to
the organizations accounting po
Lack of written procedures
The
boutique
does
not
have
any
written
procedures
of
operations posted inside the boutique.
Recommendation
There
should
be
an
up-to-date
written
procedures
posted
inside the boutique accessible to the employees. It serves
as
a
t
A Tragedy or a Blessing?
Years ago in Scotland, the Clark family had a dream. Clark and his wife worked and saved, making
plans for their nine children and themselves to travel to the United States. It had taken years, but
they had finally saved enough mo