Organizational Approach Analysis

Subsequent to the release of the Exposure Draft issued by the FASB and IASB in June 2010 the Boards received a number of comments and is currently reviewing and analyzing these comments. A revised draft of the Exposure Draft is expected in Q3 of 2011. We encourage users of this case study to follow this project and review the FASB’s and IASB’s Web site for updates.

An organizational analysis is an important tool to become familiar with how medical businesses and organizations are able to meet standards of care, provide services for the community and provide employment to health care providers. There are many different aspects to evaluate in an organizational analysis. This paper will describe these many aspects and apply the categories to the University Medical Center (UMC) as the organization being analyzed.

The requirements of the applicable financial reporting framework relevant to accounting estimates, including related disclosures

The seven organizational approaches to studying the human body include: body plans and directions, body cavities, quadrants and regions, anatomy and physiology, microscopic-to-macroscopic, body systems, and medical specialty. The body planes and directions approach is the division of the body into sections from front to back, right and left, top and bottom, along with the movement toward or away from the body planes. The Coronal Plane or frontal plane is a vertical plane that divides the body into front and back sections. The front of the body is known as the anterior or ventral section and the back of the body is

The Board decided to require an entity to disclose the terms of any rights or privileges granted by a governmental entity directly to the reporting entity that have reduced, or may reduce, the entity’s income tax burden. The Board also made the decision to revise the carryforward disclosure requirement in Topic 740 for a public business entity. A public business entity would be required to disclose:

CLASSIFICATION AND UNDERSTANDABILITY- FINANCIAL INFORMATION IS APPROPRIATELY PRESENTED AND DESCRIBED AND DISCLOSURES ARE CLEARLY EXPRESSED .

This is an opinion on rules 3210 and 3211, regarding the new disclosure requirements, the Public Company Accounting Oversight Board (PCAOB) placed on accounting firms who perform audits on public companies. The new rules require the disclosure of engagement partner names and certain other participants performing public company audits. The requirements help provide financial statement users more transparent information on who performed the audit work and a percentage of the overall audit.

The FASB process includes five steps to develop generally accepted accounting principles. The first step involves meeting and issuing a discussion memorandum. “A discussion memorandum is a document intended to encourage discussion and debate amongst accounting and financial professionals in regards to a current issue relating to the accounting industry” (“Discussion Memorandum”, n.d.). These are the ideas that will harm or benefit accountants. Next, they will obtain responses to this memorandum. After this is done FASB will create an exposure draft. Exposure drafts are basically an open blog about the new changes FASB is trying to implement. “The FASB issues a variety of different types of exposure documents to solicit input on its standards-setting

My interest in the Organizational Studies program initially started by talking with Briggs King, a former teammate and OS participant. From asking him what his most valuable experience at Denison was, I learned about his time in the OS program. After listening to him go on and on about all he gained from the experience, I decided to research it on my own and see what the program truly had to offer. Basically, I saw an opportunity that allowed students to learn along side fellow students through the teaching of alumni who were in the same situation or are business leaders in their field. Since I am a junior and have limited time here at Denison, I feel that there is no better way to get the most out of my experience at this school than through

The Financial Accounting Standards Board (FASB) writes the code that directs certified public accountants and accounting professionals in non-governmental environments. On occasions, the FASB proposes changes to those accounting standards. This process includes exposure drafts. The issuance of exposure drafts is for individual and business comments. The input from the respondents in comment letters is analyzed and considered by the board in the deliberations regarding the issue. "Proposed Accounting Standards Update – Presentation of Financial Statements (Topic 205): Reporting Discontinued Operations," published on April 2, 2013, discusses changing the reports to be more useful and reduce costs for preparers. This report will discuss the exposure draft in depth and the comment letters accordingly.

Training is essential for the success of an organization (Fallon & McConnell, n.d.). Three different training techniques that can help develop successful new staff that will improve a business is by having a effective new employee orientation, mentoring, and cross training (Fallon & McConnell, n.d.). For most new employee they are excited to start a new job and to find out what the job has to offer to them. However with every new employee there is an overload of information that they need to know from healthcare benefits, dress code, rule, and parking (Fallon & McConnell, n.d.). A new employee orientation is meet to help cover all this information and a way the new employee can get a feel of what their new job is going to be like. One

FASB issues different types of exposure documentation to solicit input on its standards setting activities, includes discussion papers, exposure drafts, preliminary views and comment section. One of standards and rulings that being contemplated through pending exposure draft document of FASB is the proposed accounting standard update on Statement of Cash Flows (Topic 230) specifically on classification of certain cash receipts and cash payments which is a consensus of the FASB Emerging Issues Task Force. The stakeholders has stated there are diversity in the statement of cash flows on how certain cash receipts and cash payment are presented and categorized. This proposal of accounting standards update is to provide solution on eight specific

This paper will analyze these views as they apply to the discloser of segment information for public entities as required by topic 280 of the FASB accounting standards codification, and discussed in Statement of Financial Standards No. 131 (“SFAS 131). The paper is structured as follows: Section II provides an overview of the objective and general purpose of financial reporting and the qualitative characteristics off useful financial information as determined by the Financial Accounting Standards Board (“FASB”), section III introduces the concept of segment reporting and outlines the requirements for disclosures of segment information for public companies, section IV evaluates the relevance of

– Consider whether any extra divulgences as required by IAS 1 Presentation of Financial Statements in connection to

A financial statement is an amalgam of financial records of an entity that comprises of a balance sheet, cash flow statement, P&L, and an income statement. There are many accounts that are present on a financial statement such as cash, liabilities (money owed), investments (passive income), expenses (past, present, and accounting for the future), etc. Each account has the potential to effect another as the individual’s financial statement is dependent on the impact of each account. The U.S. Securities and Exchange Commission (SEC) was created for the purpose of standardizing financial information that companies would report within the United States. Accounting for both internal and external users are important for the overall long term health of a company and is necessary to self-evaluate and increase public trust into investing.