Dod Financial Management Regulation (Volume 2A)

The US Securities and Exchange Commission (SEC) is the US federal agency that holds the primary mandate to enforce federal securities laws and regulations to control the securities industry and the country’s stock exchange and regulation of all activities and organizations including the US electronic securities market. The SEC is committed to promoting a market environment that yields public trust characterized by integrity to attain its mission of protecting investors through maintenance of fair and efficient markets through facilitation of capital information (Basagne, 2010). The SEC financing is a major area of focus since there has been major concern regarding the SEC agency financing and whether they utilize the

Under FASB ASC 805-10-25-23, acquisition related costs in business combinations are reported as an expense at the time of their occurrence by the acquiring company. This was a change from the previous way of capitalizing acquisition related costs for all business combinations and was established for all business combinations complete on or after January 1, 2009. This was a needed change in accounting because the acquisition costs do not represent a future value, are not a part of the value of the business being purchased, and would be expensed if the decision was made not to acquire the company being evaluated.

expenses are spent on salaries of employers who are hired to monitor certain aspects of the company. This can include monitoring the inventory of the business or the distribution of products and services. It is important for companies to monitor the OMM costs of their business in order to make predictions about future profits and losses.

o Expenditures: Track the appropriate and effective expenditure of federal funds; with few exceptions, notify grantees of low expenditure rates; demonstrate efforts to improve timely and effective expenditure of funds.

Overall. The FASB Codification Topic 320: Investments-Debt and Equity Securities is included under the financial statement asset section and offers guidance on investment instruments that represent either a creditor relationship (debt) or an ownership interest (equity) and provides standards for reporting such investments according to generally accepted accounting principles (GAAP) (FASB ASC 320-10-05-2, 2016).

I absolutely believe that it is appropriate and necessary for local and state law enforcement agencies to acquire equipment from the Defense Reutilization and Marketing Office (DRMO) better known as The 1033 Program. This program allows all agencies to sign for perfectly good excess military equipment without any cost to the agency. This really benefits the smaller agencies across the country because the majority of the agencies employ less than 200 personnel with over three quarters of the department’s budget solely going towards salary and benefits (Dudley, 2014). Being able to sign for excess military equipment without any charge allows that department to be better equipped and saves the taxpayers money.

Expenses follow natural classification or their functional classifications. Property, plant, and equipment acquired by restricted or unrestricted

Answer If the activities are primarily financed from tax revenues, or from charges not related to the cost of services rendered, the activities are properly considered as General Fund (or special revenue fund activities). If the activities are intended to be self-supporting (user-charges for the services are intended to cover all costs), the activities should be accounted for as enterprise funds.

$1,000 costs were classified as operating expense.  Second, each department head ranked all requests referred to the

AQ9 - DoDEA Resources Management Staff reviews the funding request information (e.g., Funding Request Form, Funding Directive, and Facilities Financial Analyst email) for the Program Manager approval, Line of Accounting, Funding Year, Limits, and codes required to execute the funds in PBAS, thereby initiating the FAD in the system. Subsequently, the Resources Management Staff execute the funds request within the DAI system.

The largest percentage decrease on Lockheed Martin’s income statement is ‘Other Operating Expense’, or the ‘Other Unallocated’ ac-count. This account includes FAS/CAS adjustment (Non-GAAP pension plans measures specifically allowed to defense contractors and U.S. government agencies), stock-based compensation, and other costs. A positive number here represents an offset between the GAAP FAS pension expense account and the Non-GAAP CAS pension e-pense account, which lowered the cost of pensions payable, as well as a profit in operations other than the five major business segments.

Thanks for your reply and honest opinion. I must agree with some military security policies lack real depth or scope. Additionally, I have seen the variation of security policies being thorough or finite in specifications and requirements. Furthermore, in some situation a single policy tries to cover physical security, personnel management, and hardware and software, which are separate security policy classifications. (Kumar, n.d.) However, the body, board, or committee of policy makers differs from location to location, and in some cases, lack the experience or fundamental knowledge to develop a proper security policies. In my opinion not one single department nor broad should define a security policy. Additionally, the policy makers

Property, Plant & Equipment (PPE) (AASB 116): “Property, plant and equipment are stated at cost less accumulated depreciation and impairment. Cost includes expenditure that is directly attributable to the acquisition of the item including borrowing costs that are related to the

The Gramm-Leach Bliley Act also likewise termed as The Financial Services of Modernization Act of 1999 fundamental thought is that the obstructions among saving money, security and insurance agencies were expelled and not permitted to offer financial services as a part of general operations. It does not permit the combination of investment, commercial bank and an insurance company.

The Financial Reporting Council (FRC) has recently released four new standards: FRS 100 Application of Financial Reporting Requirements; FRS 101 Reduced Disclosure Framework; FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland; and FRS 103 Insurance Contacts. FRS 100 basically describes who does what with the new UK GAAP. It describes which principles apply to which type of business; when a business can apply the reduced disclosure framework; and when a business should follow a statement of recommended practices, or SORP. FRS 101 lays out a reduced disclosure framework for entities. Certain entities can choose to use this reduced disclosure framework while creating their financial statements. FRS 102