Discussion Topic 6 Financial Reporting

What is your opinion about the value of harmonizing accounting standards for global equity markets? Please explain.

https://www.youtube.com/watch?v=-RSDfTkGDUg

https://www.youtube.com/watch?v=o4P05klvMK0

http://www.huffingtonpost.com/2012/02/24/mary-schapiro-global-accounging-standard_n_1299716.html

 

What is required treatment of investment in other companies' equities with ownership of less than 20%?

What are the classifications used for investment in bonds? What is the valuation basis for these classifications for reporting on the balance sheet? Where on the balance sheet are these classifications reported?

https://www.youtube.com/watch?v=fQ1tG2EbxRU

https://www.youtube.com/watch?v=mdB9sTnPb10

https://www.youtube.com/watch?v=Cp7Zil1_88o