Prior to beginning work on this discussion forum, read Topic 6 International Accounting Standards in Appendix A in the course textbook, Using Financial Accounting. Next, review the Walmart Case Study. Compare and contrast the differences in the Walmart financial statements if the company were to use International Financial Reporting Standards (IFRS) rather than Generally […]
Prior to beginning work on this discussion forum, read Topic 6 International Accounting Standards in Appendix A in the course textbook, Using Financial Accounting. Next, review the Walmart Case Study.
Compare and contrast the differences in the Walmart financial statements if the company were to use International Financial Reporting Standards (IFRS) rather than Generally Accepted Accounting Principles (GAAP). Be sure to discuss specific accounting differences between the two.
Debate the pros and cons this would create for Walmart. Be sure to be specific and support any opinions.
Describe any legal or ethical challenges this convergence may create using the country you selected in prior courses.
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C: explore 6.The oil extracted was stored in the doghouse on the oil rig. 1. A: catwalk 2. B: possum belly 3. C: doghouse 7.A roughneck used a pill to stop the fluid leaking from the drilling. Petroleum 1.0.1.. mid-term. Name: 2 1. A: flare 2. B: catline 3. C: pill 8.A young engineer was willing to move to the frozen tundra as the oil company offered to double his salary. 1. A: tundra 2. B: jungle 3. C: desert 9.Workers took shelter in the doghouse until the blizzard passed and they could go back to work. 1. A: light rain 2. B: blizzard 3. C: light snow 10.The oil rig was suddenly struck by lightning, putting the workers’ lives in danger. 1. A: lightning 2. B: rain 3. C: hail 12.A roustabout working on a rig has to be in good shape because his work involves manual labor. 1. A: manual labor 2. B: perks 3. C: shift work 13.The oil company requests its workers to do manual labor to ensure the continuous flow of operations. 1. A: leave 2. B: manual labor 3. 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C: square 21.The engineer laid the metal sheet in a horizontal position flat on the ground. 1. A: vertical 2. B: horizontal 3. C: circular 22.Blackwell announced that it had processed over 5,000 gallons of oil last month. 1. A: gallons 2. B: centimeters Petroleum 1.0.1.. mid-term. Name: 4 3. C: miles 23.The oil company constructed a pipeline which is 75 miles long and has increased its oil transportation by 20%. 1. A: feet 2. B: miles 3. C: acres 24.Blackwell announced that it had processed over 5,000 gallons of oil last month. 1. A: gallons 2. B: centimeters 3. C: miles 25.The oil company constructed a pipeline which is 75 miles long and has increased its oil transportation by 20%. 1. A: feet 2. B: miles 3. C: acres 26.Which graphic shape has no mention made anywhere throughout entire article/content?? A).Octagon b).Trapezoid c).Hexagon d).Circle 27.Purpose behind studying Geometry aspect within context discussed here entails exactly which objective/goal?? A).To learn methods calculating volume/surface area pertaining diverse shapes B).Study history relating geometry C).Learn about distinct geometric shapes D).Understand geological formations found prevalent across various oil fields. 28.According metric system currently adopted worldwide; which unit denotes measurement reflecting land area dimensions?? A).Hectares B).Meters C).Kilometers D).Millimeters 29.Which weather condition(s), if encountered at worksite/platforms, require immediate cessation/relocation: a.Light snow b.Hail c.Blizzard d.Sandstorms 30.What distinguishes roustabouts from rig welders within this sector ? A). Roustabouts operate drills while welders repair infrastructure . B ).Roustabouts handle general labor tasks whereas welders specialize welding/fabrication work C ).There isn’t much difference between roles performed by these two positions within this field D ).Roustabouts represent entry-level posts, unlike certified/skilled Rig Welder positions. 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