12. The new lease standard will go into effect when for public companies? Private entities? And capitalized leases, as defined by this new standard will now be referred to as _________ leases. 13. Brexit has been a topic of discussion and after US Secretary Jack Lew has also been involved. What plea has he made to not only the UK but also to the EU regarding Brexit? 14. The quality and comparability of financial reporting has improved in the decade since local adoption of IFRS according to a research paper from FRC and AASB. What country is this referring to? 15. What country can now access a huge bailout from the IMF? Why? And what are the expected results? 16. In an AICPA Accounting Education article, there was article regarding what large firms expect of accounting grads. There were six specific tips. List three of the six. 17. If you were a voter in the UK, would you have voted for or against Brexit and why. 18. Report on any activity you have been involved in with the Rogers CPA Review. 1 Paragraph 1.) Presentation of financial statements and2.) Inventories and two international accounting standards. Discuss how GOOGLE hands the two standards.
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