Case 3-5: International versus U.S. Standards in Ch. 3 of Financial Accounting Theory and Analysis Case 3-5 International versus U.S. Standards Under U.S. GAAP, property, plant, and equipment are reported at historical cost net of accumulated depreciation. These assets are written down to fair value when it is determined that they have been impaired. A number of other countries, including Australia, Brazil, England, Mexico, and Singapore, permit the revaluation of property, plant, and equipment to their current cost as of the balance sheet date. The primary argument favoring revaluation is that the historical cost of assets purchased ten, twenty, or more years ago is not meaningful. A primary argument against revaluation is the lack of objectivity in arriving at current cost estimates, particularly for old assets that either will or cannot be replaced with similar assets or for which no comparable or similar assets are currently available for purchase. Required:

Discuss the qualitative concept of comparability. In your opinion, would the

financial statements of companies operating in one of the foreign countries listed above be comparable to a U.S. corporation’s financial statements? Explain.

Discuss the concept of reliability. In your opinion, would the amounts reported

by U.S. companies for property, plant, and equipment be more or less reliable than the current cost amounts reported by businesses in England, Mexico, or elsewhere?

Discuss the concept of relevance. In your opinion, would the amounts reported

by U.S. companies for property, plant, and equipment be more or less relevant than the current cost amounts reported by businesses in England, Mexico, or elsewhere?

HI CAN YOU HELP GET THIS DONE BY  19TH OF  MARCH

Chief executive officer (CEO) Beranger was impressed with your presentation to the board of directors last week regarding the HIPAA Privacy and Security Rules. She wants you to utilize your skills and knowledge to create an e-Health Code of Ethics that will guide all staff members in the use of e-Health data while simultaneously building trust among patients.

In 2 pages, CEO Beranger asks you to summarize the HIPAA Privacy and Security Rules and how they protect patient information. Additionally, she requests that you construct the hospital’s new e-Health Code of Ethics in at least 1 page. Furthermore, she wants you to create a personal and professional code of conduct (1–2 pages) and discuss why health care professionals should have a firm foundation of ethical knowledge.