Below are the CPA CPE requirements for the state of Texas.

Credit Hours Requirement: 120 hours, with a minimum of 20 per year.

License Renewal Date:Last day of birth month annually.

CPE Reporting Period: Ends at the end of the CPAs birth month, over a three year rolling period.

Ethics Requirement: 4 hour state board approved ethics course every 2 years.

CPA CPE Reporting Period:

Biennial on the last day of birth month in odd or even year corresponding to the odd or even year of birth.

CPA License Renewal Date:

Last day of birth month in odd or even year corresponding to the odd or even year of birth.

General Requirements:

80 hours during the two-year period immediately preceding the license expiration date, with a minimum of 20 hours due each year.

Ethics Requirement:

Four hours of ethics is due every reporting period. A two hour, board approved, Regulatory Review course is due every 6 years. Self-study ethics courses taken must be tested and passed with a minimum score of 90.

Source: learningmarket.org

The BCD (buoyancy compensator/control Devise) low pressure line is connected to the second stage of the regulator. International Divers Incorporated devises are compatible with other manufacturers of two stage diving equipment.

Addition

Any regulator will work. It is not the regulator, but the size of the low pressure inflator hose. The low pressure inflator hose can simply be changed if there is a size (fitting) issue. This should not be an issue unless you bought a used regulator where the previous owner used a different inflator on their BCD such as an inflator you can breath from (which often has a larger diameter inflator connection).

ADVANTAGES:

>Provides financial information about the business

>Provides assistance to management

>Helps in comparison of financial results

-comparison of its own results of different years

-comparison of financial results with other firms in the industry

>Helps in decision making

>Accounting information can be used as an evidence in legal matters

>Helps in valuation of the business

DISADVANTAGES:

>Accounting ignores non monetary transactions

>Accounting information is sometimes based on estimates which may be unrealistic

>Window dressing may lead to faulty results

> Accounting information can be manipulated and thus can no be considered as the true test of performance

CPA CPE Requirements for Connecticut Certified Public Accountants

CPE Completion Date: June 30th

Renewal Date/Frequency: December 31st, annual

Required CPE Credit Hours: 40

Maximum Self Study Hours: 24

Ethics Requirement: 4 hours every three years

EPS stands for "Encapsulated PostScript"

PostScript is basically a programming language that can define how information can appear on a printed page or on a computer screen.

An "Encapsulated" postscript file basically contains enough information to make itself a self contained file that can be included inside another postscript file.

EPS can be generated by applications including:

Adobe Photoshop, Adobe Illustrator, Adobe InDesign, QuarkXpress, MultiAd Creator and lots lots more.

Answer---

EPS is the abbreviated form of 'Earnings per Share'. Of course there are other terms clipped as EPS: 'Extended Portfolio System' is one, for example. Those are not our concern here. In issues concerning the stock market, the direct concern is earnings from stocks. We take up EPS as Earning per Share and try to understand what it is.

In this sense, EPS is clearly a measure of average earning from shares transacted. Here's a simple formula for calculating EPS: divide the earnings available to common shareholders with the weighted average number of common shares outstanding during the year. The resulting quotient is called basic (or simple) EPS.

Often EPS is taken to be the single most important factor in the financial statement. Conventionally it is known as the "bottom line" indicator of financial performance. Other commonly used ratios such as P/E and dividend payout are also calculated on the basis of EPS numbers.

Basic EPS is shown in the income statement of a company when it has no outstanding securities convertible into common stock. When outstanding convertible securities are there, more complex rules are followed, which try to make EPS reflect the potential of such securities to dilute potential earnings of common shareholders.

The kind of importance popularly attached to EPS by users of financial statements is perhaps due to the fact that they are disclosed in the financial statements of public companies, and are liable to be scrutinized by auditors.

But then EPS is tedious and cumbersome to creators and scrutinizers of financial statements. Complex provisions of APB 15 and a host of amending pronouncements make it further complicated. The burden is worsened by SEC stipulation that 10-K reports include a supplementary schedule explaining the computation of EPS whenever it is not apparent in the financial statements.

A serious problem with ongoing standards is that basic EPS is subject to replacement on the income statement by two hypothetical EPS numbers: primary EPS, and fully diluted EPS.

Primary EPS is computed assuming that common stock equivalents were converted to common stock on the first day of the reporting period. The fully diluted EPS is computed assuming that all dilative securities, including the common stock equivalents, were converted.

When fully diluted EPS is less than 97% of basic EPS, these two EPS are the only per-share disclosures required under current accounting standards.
Concerns about the usefulness of dual EPS reporting are not limited to the relative merits of historical and proforma disclosure. Some of the specific rules governing the computation of primary and fully diluted EPS have also been questioned. The test used to identify common stock equivalent securities is among the most controversial of those rules.

Changing prevailing market conditions in relation to terms of particular securities are not considered in the computational rules for EPS. It implies that the appeal of a conversion feature relative to other security characteristics will vary, in different circumstances.

But then the meaning of common stock equivalent status and primary EPS remain confusing and questionable. There are other sophisticated methods that are also questionable, such as Options, Warrants, and the Treasury Stock Method.

So EPS is a popular method of measuring how things are going in the stock market, but the dependability of the measure is not too high because of the complicated procedures and unrealistic assumptions used for its derivation.

There are more comprehensive statistics and formulae that make life in the stock market simpler: the track of P/E ratio for example. Hence though as a primary indicator of performance one can use EPS to get an initial impression, you shouldn't depend much on it for a deep understanding of what's happening in the stock market.

There are many advantages to a free market economy. They range from the moral issues to the practical issues. We will deal mainly with the practical ones.

-Unprecedented innovation. Free markets are wrought with inventions and the capital to research them. Countries classified as having a free market have been responsible for the vast majority of inventions since the 19th century.

-Very high income mobility. This means that under a free market system it is easier to move around income brackets. This is not to say it is easy, it is just easier to become rich or poor when you're left to your own devices as opposed to a controlled economy where resources are allocated by the government.

-Massive increases in efficiency and productivity. This happens from the survival of the fittest aspect of free markets. Firms that have higher costs than others (by producing inefficiently) will go out of business as those that are more efficient prosper. Thus, firms are always looking for cheaper ways to do things (this drives costs and prices down, etc etc)

-A much higher GDP. Free market-leaning countries have higher GDPs than command market-leaning economies. This is because they produce more.

-Very productive tax system. Due to the huge wealth level, it is easy to collect taxes. For example, it is easier to get taxes from a very rich person than from a person who barely has enough money to eat. This large amount of tax revenue results in:

-More money spent on social programs. Free market nations generally spend more or have more efficient social programs. For example, the police and firefighting technologies in America and Europe far surpass those of China or many Arab states.

Answer:

1 unprovision of merit goods like education,health,housing...
so the poor will be deprived of the merit goods. In this way the rich becomes richer and the poor becomes poorer.
2 Non provision of public goods(bus stop,garden,street lighting,army,police,fire services)
important requirements for public goods not provided since it is not profitable to produce as consumers are not directly willing to pay for them.
3 over consumption of demerit goods(drugs,cigarettes,alcohol)
if consumers have a preference for these goods, then they will be provided given that they are profitable to produce.
4 social cost ignored
private firm ignore negative externalities(air,water and noise pollution,road conditions.)
5wastage of resources
6social injustice
7 economic instability

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In every category 1-7 above, countries which are furthest from a free market economy perform worse in those categories than those closer to free markets. A stark and apt comparison is North and South Korea which up until the 1950s had the exact same history, yet now are completely divergent where the South Koreans excel in every one of the above 7 categories compared to the North. It's very clear now empirically that individuals that live in countries that reject the free market are much worse off in every respect than those who live in freer societies with stronger capital markets.