nn的BLOG

S M T W T F S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31
最新のトラックバック
venuscozy.com
from venuscozy.com
whilelimitle..
from whilelimitless..
http://while..
from http://whileli..
CPA試験: 無料の模試..
from USCPA試験を独学で勉強中
内藤大助vs亀田興毅
from 新聞を読んでもわからない人の..
亀田興毅 今
from 今、知りたいニュース集めました
[ blog ] 青年b..
from chow-chow diar..
Special thanks
from The Red Tree
一人で見る夢は、それは夢..
from 名言ブログ
配当金 源泉 法人情報
from 株ネット
Counteroffer
from The Red Tree
REG-simulation
from The Red Tree
Cash Method ..
from The Red Tree
Bond発行と購入の違い
from The Red Tree
公会計-期中の仕訳
from The Red Tree
チッコイ手帳
from 5_18-webで外国語
沖縄 就職 天国!
from 沖縄 就職 天国!
税効果/税効果
from なるほどキーワード
第9回CPA定例会のお知らせ
from 「元」CPA受験勉強・現上海..
ポストイット/ポストイット
from なるほどキーワード
検索

Studying abroad ?

Today I went to U.S. to study USCPA --- on the internet virtual reality world, of course.
Here on my blog, I introduced CPA-net the other day. I jump in there at times to see US candidates exchanging info among them on the CPA-net, where someone raise a question or doubt regarding a certain MCQ, and another one suggests his/her answer for the question, and another one questions the correctness of the answer, and … it keeps going that way till they get satisfied.

I sometimes try showing my idea there, partly because it’s a good practice of Written Communication problem in the real USCPA exam. For such a non-native speaker of English as me, it’s a good training, actually, to write an idea about what I think about the issue in English, especially to persuade those US candidates. I often write my study memo on this blog, but it’s like I’m talking to myself. But when I write a message on the CPA-net, I can be refuted when I’m wrong, and they give me further question if I wasn’t persuasive enough.

Followings are some of my recent entries.

Re: Financial Management

Re: IRA deduction

Re: Prospective approach in the change in ACCT principle

Let me introduce what it was like in the last one.

***********************************
Question: “Is there a difference between retrospective application when there is a change in accounting principle and a correction of an error? If you can, please explain with an example. Thanks.”
-----------------------------------------------------
And following is my answer, to which someone could make an objection late if I was wrong! Haha.
-----------------------------------------------------
Ans. by nn77 (my nickname there is “nn77,” because the system requires the minimum of four letters.)
”A change in accounting principle is accounted for through retrospective application of the new accounting principle to ALL prior periods as if it had been applied from the beginning.
An error is to be corrected through a process called "restatement," which is the process of revising previously issued financial statements to correct the error in the period and the effects to the following periods.
Therefore, if a company issues a comparative FS that covers the current period and the last period, and an error in the period prior to the last period is to be corrected then the accounting treatment is similar to the one for a change in accounting principle, because all the presented periods are to be restated in this case.
But if a company issues a comparative FS that covers, say, FSs of 2004, 2005, and 2006, correction of an error that occurred in 2005 affects only FSs of 2005 and 2006, while a change in the accounting principle affects all the FSs 2004, 2005, and 2006. “
********************************

It’s interesting that you can earn a star according to the number of contributions you made, starting from a single star, as “newbie.” Now I’m a “regular” contributor.
a0050593_10403192.jpg
Although I don’t seem to have a chance to actually go abroad to study in my life, I can do enjoying learning things in English in such a way like this as a mere compensation.
[PR]
by nn_77 | 2006-05-24 00:40 | USCPA (general)
<< 逃げたらアカン! Talking frank f... >>


USCPA受験記録
カテゴリ
タグ
(74)
(18)
(16)
(14)
(12)
(11)
(9)
(9)
(9)
(9)
(7)
(7)
(6)
(6)
(5)
(5)
(5)
(5)
(5)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
以前の記事
その他のジャンル
ファン
記事ランキング
ブログジャンル
画像一覧