IFRS .IFRS and US GAAP Comparison Essay Example | Topics and Well Written Essays - 250 words

IFRS .IFRS and US GAAP Comparison - Essay Example Firstly, income statement captions are not required in the case of US GAAP while IFRS prescribes minimum caption in income statement. In addition, the US GAAP treatment allows either single step or multiple steps format for income statement captions. According to the US GAAP treatment, classification of extraordinary items is permitted under certain circumstances and it can also be segregated within operating income; in contrast, IFRS bans classification of unusual items although it permits segregation of such items (Deloitte). The US GAAP provides a broader definition for discontinued operations while IFRS sets a narrow definition. Under US GAAP, restructuring costs are recognized only when it becomes necessary but IFRS recognizes restructuring costs when it is announced. Limited guidance on offsetting of assets and liabilities is a characteristic feature of US GAAP; however, IFRS insists specific guidance on offsetting of assets and liabilities. In case of IFRS, financial position’s classified statement is essential unless liquidity ordering is more meaningful. In contrast, such a statement is not required under US GAAP. Exclusion of long-term debt from current liabilities is a specific feature of IFRS. The US GAAP treatment refinances the exclusion of long term debt. The IFRS treatment states the minority interests as a component of equity while US GAAP guidelines restrict the presentation of minority interests as equity (â€Å"IFRSs and US GAAP†¦.†). As per the US GAAP balance sheet format, entries are presented as total assets balancing to total liabilities in addition to shareholders’ equity. In contrast, IFRS entries include current and non-current assets and current and non-current liabilities. While US GAAP presents items on the basis of decreasing order of liquidity, the IFRS presents the items in the increasing order. â€Å"IFRSs and US GAAP: A pocket comparison.† An IAS plus Guide: Audit, Tax, Consulting and Financial

RESEARCH METHODS IN PSYCHOLOGY Essay Example | Topics and Well Written Essays - 750 words

RESEARCH METHODS IN PSYCHOLOGY - Essay Example rt will specifically involves the methodology behind establishing an experiment to examine how stress will be affected due to the mobile phone ring tones. This research proposal aims to identify whether stress level is affected differently based on mobile phone ring tones. The human study was conducted on how ring tones show effect on heart rate and skin conductance in humans. In this research hypothesis, the heart beat rate per minute plays significant role in integrity to stress level. This research study â€Å"Effect of mobile phone ring tones on stress level† is proposed to follow the quantitative research method. Quantitative research method is often used in psychological research to answer the cause-effect question in the research scope. Quantitative research involves the counting and measuring of events and performing the statistical analysis of a numerical data. The current study proposes to follow the experimental method as a means to prove the scientific hypothesis and found it valuable because the researcher is able to constrain or control the situation and various variables. The data collection is proposed mainly through primary data. In this method, collection of metrics derived on causes and coverage of step wise reactions can be observed in response to the ring tone is possible. In order to satisfactorily test this hypothesis, a significant sample group must be recruited to justify a reliable set of study results. The first step in this recruit ment involves narrowing the focus of the potential on same work. This research focuses on the specific change that takes place with introducing the different styles of ring tone – classic, pop, standard by investigator. In order to add reliability to this study, the statistical output is subjected to test of hypothesis. Having identified the necessity to observe the different mobile phone ring tones effect on human stress level, the actual study involves the examining the heart rate and skin conductance