Tag Archives: standards

Advantages and Disadvantages of U.S. Convergence Between GAAP and IFRS

by edd In specialty-coffee-green-coffee-beansTags:

For over the past decade, there has been a growing demand in the corporate world for U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) to converge to form one set of universal accounting standards. In 2002, members of the Financial Accounting Standards Board (FASB) and members of the International Accounting Standards Board (IASB) met and issued a memorandum laying out framework for the adoption of IFRS by the U.S. Known as the Norwalk Agreement, the two Read More

The Police Promotional Oral Interview: Pieces of a Model Answer

by edd In specialty-coffee-green-coffee-beansTags:

A very effective way to develop a winning answer is to break it down into pieces. This not only makes it easier to remember, but also ensures that the content has appropriate depth. Such sweeping answers help to distinguish between the average and the awesome. The following is a model answer about ethics and it is broken down into five simple pieces. THE HOOK: (Grabs the panel’s attention; a unique start to an answer) “Ethics encompasses right and good behavior Read More