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PDF Editor FAQ

Why do push down accounting accepted under generally accepted accounting standards?

Yes, in some cases. For example:The Federal Financial Institutions Examination Council (the "FFIEC") approved a reporting requirement, effective October 1, 1989, to use push down accounting in certain acquisitions of national banks, state member banks and insured state nonmember banks. This reporting requirement is an addition to the Glossary to the Instructions to the Consolidated Reports of Condition and Income ("Call Report") .

Why isn’t China called an advanced country?

Because China is indeed a developing country, China is also a country with a low average income. We do not think China is an advanced country.Many people come to China to see the big cities in China. Indeed, the developed degree of big cities has far surpassed that of Europe and America. With all due respect, no offense, I have been to the United States and based on my investigation of European countries, I really don't think there are several places in Europe that are more developed than the coastal cities in eastern China.Yes, China's GDP is indeed the second largest in the world, and its economy has grown rapidly for nearly 40 years. China is far ahead of the neighboring countries in various indicators. China's system and model have brought great development to China, and at the same time, Chinese people have become more and more confident.Once China was very worried about the neighboring countries, especially the western countries think less of China. This is a very easy-to-understand mentality. When your strength is really insufficient, you will really worry about being despised.Let me give you an example.In the 1980s there was a TV series called "Warrior fearless", which attracted many Chinese people to watch. This is a TV drama about Chinese Kong Fu. At the beginning of the 20th century, China was called "sick man of East Asia" by foreigners, and the protagonist of Jingwu Hero is a Chinese who is proficient in Kung Fu. It tells how this man defeated the Japanese in the fighting.On the board said: "sick man of East Asia"Today, Chinese people no longer need such TV dramas to boost their confidence. Because self-confidence itself is a kind of mood or emotion, the source of self-confidence is strength. In particular, China has suffered a hundred years of humiliation, and the confidence of Chinese people has been shattered. Now the Communist Party of China has reshaped the confidence of Chinese people.I give this example to tell you that today's Chinese people can know themselves more clearly and objectively. Today's China has indeed made outstanding achievements, but today's China still has a long way to go, and today's China still has many problems to solve.First, there are still many Chinese people who are not living well, even being poor.When you have seen those photos, do you think China is a developed and advanced country?China has a population of 1.4 billion, and any small problem multiplied by 1.4 billion will become a major strategic problem. And any huge problem divided by 1.4 billion will become a small problem.The report of the 19th National Congress of the Communist Party of China pointed out:As socialism with Chinese characteristics has entered a new era, the principal contradiction facing Chinese society has evolved. What we now face is the contradiction between unbalanced and inadequate development and the people's ever-growing needs for a better life.Today, the development gap between eastern and western China is very large. How to solve the problem of people's lives in western China is what we need to solve at present. We can't just be satisfied with the development of eastern China, we can't just see the life of the rich, but we should be more comprehensive, see the present situation of western China and see the life of the poor.党的十九大报告双语全文This is the Chinese and English version of the report of the 19th CPC National Congress. Don't blindly attack the Communist Party, because up to now, I really haven't found any foreigners in Quora who have actually read the documents of the Communist Party. This report is very long, but when you read it carefully, you will find that the Communist Party has a very accurate grasp of China's current domestic and international situation. I know that most foreigners are anti-communist, but remember, you need to know them before attacking, otherwise the attack will be meaningless.Second, Chinese people never worry about poverty. What Chinese people worry most about is the lack of fair opportunities.There is an old Chinese saying, "Don't worry about poverty, but worry about unfairness."(不患寡,患不均)Gini Index World Map in 2014File:2014 Gini Index World Map, (https://commons.wikimedia.org/wiki/File:2014_Gini_Index_World_Map,_income_inequality_distribution_by_country_per_World_Bank.svg)income (https://commons.wikimedia.org/wiki/File:2014_Gini_Index_World_Map,_income_inequality_distribution_by_country_per_World_Bank.svg) inequality distribution by country per World Bank.svg (https://commons.wikimedia.org/wiki/File:2014_Gini_Index_World_Map,_income_inequality_distribution_by_country_per_World_Bank.svg)Gini IndexStatistics can tell us that before 2014, China's Gini coefficient has reached a very dangerous edge. This will mean that the polarization between rich and poor is getting bigger and bigger, the poor will get poorer and the rich will get richer. This is definitely not a good phenomenon. If the Gini coefficient continues to rise, the hope of this country will become smaller and smaller.According to the statistics of the United Nations in 2012, the ratio of poor people in the world, the proportion of residents whose daily income is less than US$ 2 in various countries or regions in the world.File:Percentage population living on less than $2 per day.jpgGini Index World Map in 2019File:2014 Gini Index World Map, (https://commons.wikimedia.org/wiki/File:2014_Gini_Index_World_Map,_income_inequality_distribution_by_country_per_World_Bank.svg)income (https://commons.wikimedia.org/wiki/File:2014_Gini_Index_World_Map,_income_inequality_distribution_by_country_per_World_Bank.svg) inequality distribution by country per World Bank.svg (https://commons.wikimedia.org/wiki/File:2014_Gini_Index_World_Map,_income_inequality_distribution_by_country_per_World_Bank.svg)But in 2019, China's Gini coefficient began to decrease, which is a very positive signal. It means that the polarization between rich and poor is being artificially controlled. Different from western free countries, China has the most powerful control power in the world, and the Communist Party can impose interference on the income of the rich and the poor based on the Gini coefficient. Is interference good or bad? It is definitely not good for the rich, which means paying more taxes; But it is a good thing for the poor, which means that the state will give you more money and welfare protection.So, after reading this series of data, will you still think that China is a rich country? I really don't want to say that China is rich. There are many problems in China. China is far from the standard of a developed country. China is a promising country, but now China is still poor.Do you know the living conditions of Chinese migrant workers?Do you know the living conditions of white-collar workers in China?Do you know the living conditions of Chinese civil servants?Everyone wants to live a relaxed and prosperous life, but they don't have so many resources. How many people are trading their lives for a decent life?I don't worry when I see so many poor people in my country, but when I see so many people struggling without a fair chance, I will be very worried and distressed.Third, today's China will not lose confidence because of the "China collapse theory" abroad, nor will it be complacent because of the "China threat theory" abroad. China will pay more attention to its own problems, and China hopes that every Chinese can live with dignity. I have confidence in the Communist Party of China.We are not afraid of poverty. My father was once poor and my grandfather was poorer. China was once very poor. We have our hands, we have our brains. Today, China has become rich on its own, and we are confident to eliminate poverty.I'll tell you another story.As foreigners, speaking of the Communist Party, you will definitely think that it is an authoritative rule without freedom and control everywhere. Indeed, China is a centralized country. Only when this centralization is used in the right direction, its effect is very prominent.Guess how old this man is in the middle.He is 40 years old this year, but he looks as if he is already in his fifties.This is a Communist at the grass-roots level, and his task is to "poverty alleviation". In China, "poverty alleviation" is a national strategy. Those are tasks that must be completed.This Communist may not be so good-looking, but you will find that his hair is white.The red circle indicates he was born in 1980.This Li Zhongkai is the "post-80s White Hair Secretary" in Yunnan Province, China, which attracted wide attention at the end of 2018. Now he is still busy in the front line of poverty alleviation. Li Zhongkai said that since poverty alleviation, all 12 local poor villages have been lifted out of poverty, and 1,625 households with 6,399 people have been lifted out of poverty. He said that through industrial poverty alleviation, the local walnut and pepper industries have been consolidated, especially the mango industry has become the pillar for people to get rid of poverty and become rich.With the innovation of communication technologies such as 5G in China, more and more rural areas have embarked on the way of "getting rich by e-commerce".The rural e-commerce classroom is teaching villagers how to open their own shops onlineThe rural e-commerce after-sales service centerThe rural e-commerce product display cabinetThe rural e-commerce companyThe rural e-commerce logistics centerWhat do the poor need?The answer is pretty simple:HOPE

How will the Government of India maintain the balance to support fiscal consolidation? How will the report of 15th Finance commission effect the relationship between states-centre in the coming years?

The pandemic has posed constraints on the central government in maintaining the fiscal architecture (managing a country’s expenditure and revenue production) of India and thus opening possibilities towards fiscal decentralization. The estimated general government debt has increased from 60% to 80% due to recent borrowings.The burden of debt reduction falls on states and center, this leads to a new path to be followed by both. The central government eased state borrowings limit on few conditions but the decision of the states to maintain their expansionary fiscal stance next year as well creates a dilemma for the finance commission on whether or not to impose the conditions on additional borrowings.GST revenues account for a significant share of the state’s income but the center has veto power in the council. The GST council is also answerable if it is in favour of extending the compensation period while the central Gov is struggling to provide GST revenues to the states. There is a slight chance that states might get greater fiscal autonomy.Centralisation of political power may well lead to demands for centralisation of resources. Over the past time it was observed that the centre is borrowing to transfer to states. Hence there is a need to shift the balance towards the centre.The finance commission must consider this macro-economic situation and provide a roadmap that governs Centre-state relations.

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