A COMPARISON OF INTERNATIONAL FINANCIAL REPORTING STANDARDS AND US GAAP FOR INVESTMENT FUNDS

and not-for-profit organizations the choice to follow IFRS. Also, the FASB and the IASB issue an updated Memorandum of Understanding that focuses the energies of both boards toward convergence of important accounting standards, such as revenue recognit[r]

Guide to International Financial Reporting StandardsSeptember 2009OverviewIn an increasingly interconnected global economy, many market participants are considering the question of whether it is possible or desirable to move toward a more uniform global “language”[r]

Investors and firms need accurate and easily comparable financial information. For investors, comparable information is necessary so that they do not have to incur the cost of familiarizing themselves with financial reporting standards used in[r]

BASIC FINANCIAL STATEMENTS Statement of Net Assets 11 Statement of Revenues, Expenses, and Changes in Net Assets 13 Statement of Cash Flows 14 Notes to Financial Statements 16 OTHER REQUIRED SUPPLEMENTARY INFORMATION Schedule of Funding Progress – Oth[r]

BASIC FINANCIAL STATEMENTS Statement of Net Assets 11 Statement of Revenues, Expenses, and Changes in Net Assets 13 Statement of Cash Flows 14 Notes to Financial Statements 16 OTHER REQUIRED SUPPLEMENTARY INFORMATION Schedule of Funding Progress – Oth[r]

dividends to its owners* acting in their capacity as owners. In those situations, anentity may also give its owners a choice of receiving either non-cash assets or acash alternative. The IFRIC received requests for guidance on how an entityshould account for such distribu[r]

Harold W. Mullis, Jr., from 1-06-10, Vice Chair from 6-24-10Lee E. Arnold, Jr.Dr. Laurence G. Branch (2)Margarita R. Cancio, M.D.Gene EngleSonja Garcia to 1-05-10 (3)Cesar Hernandez from 5-04-10 (4) Brian D. Lamb from 1-06-10Kiran C. Patel, M.D., to 1-05-10 (3)Debbie Nye Sembler Byron E. Shinn from[r]

Harold W. Mullis, Jr., from 1-06-10, Vice Chair from 6-24-10Lee E. Arnold, Jr.Dr. Laurence G. Branch (2)Margarita R. Cancio, M.D.Gene EngleSonja Garcia to 1-05-10 (3)Cesar Hernandez from 5-04-10 (4) Brian D. Lamb from 1-06-10Kiran C. Patel, M.D., to 1-05-10 (3)Debbie Nye Sembler Byron E. Shinn from[r]

In accordance with Government Auditing Standards, we have also issued our report on our consideration of Florida Atlantic University’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, rules,[r]

Q22012Q32012Chart 1: Value of Investment Funds Shares/Units Transaction Net Inflows (RHS) Value of Investment Funds (LHS)€ billion Please note that the movement from Q3 2011 to Q4 2011 includes €114 billion of MMFs that were reclassified as IFs in acc[r]

. (* We could not distinguish between PSOs, POs, PMOs and EPOs in the survey, since the names are not used consistently) It’s what they do that makes a difference We analysed the roles and activities that the PMOs performed in those organisations that had high levels of p[r]

dto serve to August 20, 2009.(2) Position vacant from June 1, 2010.J. David Armstrong, Jr., President The Auditor General conducts audits of governmental entities to provide the Legislature, Florida’s citizens, public entity management, and other stakeholders unbiased, timely, and<[r]

The old power companies were like old fogies dancing to the music of Lawrence Welk. And so the secretary put all of her retirement savings into Enron stock, and how glad she was that she did. As the stock soared, while she had never earned more than a modest secret[r]

was rising, giving an added boost to European stocks. And even though globalization has linked our economies more and more closely, there is still good reason not to restrict your holding to U.S. stocks. To the extent that you hold automobile stocks in your portfolio, you should not li[r]

tion hedges than ordinary industrial companies whose profi t margins are likely to get squeezed when raw mate-rial prices rise. Hence, real estate and commodities have proven to be useful diversifi ers in many periods. Gold and gold-mining companies have often had a unique role as[r]

CHAPTER3CHAPTER 3 The Operational Risk CrisisAs the hedge fund industry has grown explosively, so too has the list offund failures and burned investors, many of whom did not haveadvance knowledge of potential warning signs. It seems as if we are con-stantly faced with news repor[r]

was rising, giving an added boost to European stocks. And even though globalization has linked our economies more and more closely, there is still good reason not to restrict your holding to U.S. stocks. To the extent that you hold automobile stocks in your portfolio, you should not li[r]

tax decisions.Like any financial debt instrument, pension bonds are two-edged swords. In the hands of the right borrower, a well-designedpension bond issue may play a useful if limited role in managingpension fund obligations. However, a poorly designed issue forth[r]

proceedings against Italy at the European Court of Justice.2. Impact on Italian private investors holding units in foreign investment funds (indirect investment) As a consequence of the Italian tax reform, from 1 January 2012, distributed income, capital gai[r]

The old power companies were like old fogies dancing to the music of Lawrence Welk. And so the secretary put all of her retirement savings into Enron stock, and how glad she was that she did. As the stock soared, while she had never earned more than a modest secret[r]