Norwalk

was replaced by convergence. The Convergence Project between the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB), started to make way in October 2002 when the Norwalk Agreement publicized the merging of both sets of standards. The Norwalk Agreement is a signed understanding by both FASB and IASB to ensure the compatibility of financial standards and future programs. These two committees, along with the Securities and Exchange Commission (SEC), have

During tenth grade, I decided to have a healthcare profession. Several people in my family work in the health field as a psychiatrist, nurse, and doctor. In my country, Haiti, the option to go to school was very limited because it’s very expensive. My father saved up enough money, so we can move to the United States. At the age of three, we came to the U.S. and my little brother Kenley was born in this country. I accomplished my twelve year public education in Stamford, CT. I graduated from Academy

You can have your heart broken by anything like losing a family member, your love one breaking up with you or your favorite character from a book or show got killed off. In my case, I went through a break up with my long term boyfriend. We were together for two years, I broke up with him and five months later, we reconnected and got back together but after three months of getting back together, he dumped me . I was fifteen when we first got together and we were different, he loved to go out at night

short term goals agreed upon at the Norwalk Summit, held in Norwalk, Connecticut,

standards) and the IFRS (International Financial Reporting Standards). This endeavor began (formally) in 2002, with the signing of the “Norwalk Agreement.” The formal Memorandum of Understanding, which specified the long and short-term projects, was originally put into action in 2006. In “The Norwalk Agreement” four goals were outlined; with the two primary goals listed below: a) undertake a short-term project aimed at removing a variety of individual differences between

Introduction There are two distinct methods of accounting for finances in the business world. These two methods are the methods both prescribed by the U.S., which is known as the generally accepted accounting principles (GAAP), and that which is used by the international community known as international financial reporting standards (IFRS). GAAP is regulated by the financial accounting standards board (FASB) while IFRS is regulated by the international accounting standards board (IASB). These two

fair-value disclosures (Fair Value Project, 2011). Although it may seem like another dead-end with regard to the Little-GAAP vs. Big-GAAP issue, but it is a step in the right direction by the FASB to end this classic debate. After their agreement in Norwalk, the two boards have met numerous times to reach convergence. Up to this point, both boards have been only somewhat successful and many milestones

Food borne illnesses are caused by consuming contaminated foods or beverages. There are many different disease-causing microbes, or pathogens. In addition, poisonous chemicals, or other harmful substances can cause food borne illnesses if they are present in food. More than two hundred and fifty different food borne illnesses have been described; almost all of these illnesses are infections. They are caused by a variety of bacteria, viruses, and parasites that can be food borne. (Center 1) Food

(CDC.gov). Basically, a relative of the stomach flu. It can be seen anywhere, but it is most commonly found on a Cruise ship because it can spread quickly in the tight spaces. It is also called the Norwalk virus, mainly because it was first identified as the cause of an outbreak at a school in Norwalk, Ohio (Disabilitytravel.com). There is no known cure, only certain treatments to relieve the symptoms that come with it (Disabilitytravel.com). It has been seen often in the media over the past few

It all began on October 2002 where the International Accounting Standards Board and Financial Accounting Board signed a memorandum of understanding that has come to be known as the “Norwalk Agreement”. Here the two boards met and decided to make their standards fully compatible and put it into practice and once they conquer their goal, they have to make sure it is maintained. But before I divulge into details regarding the future and presently achieved goals of the convergence, I would like to throw