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The article focuses on a report titled "The President's Budget Request: Overview and Timing of the Mid-Session Review" by the U.S. Congressional Research Service, a public policy research arm of the U.S. Congress as of July 16, 2013. Topics discussed include Budget and Accounting Act of 1921 started for annual submission of budget proposal, mid-session review process required for an update of the budget proposal and a table showing time of submission of the mid-session review from 1973-2014.

The article discusses the U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). Topics covered include differences between rules- and principles-based standards, the U.S. Securities and Exchange Commission's (SEC) recognition of GAAP as the authoritative accounting standard for the U.S. private sector, and countries' incorporation of IFRS by adoption or by convergence.

The dissolution of this subsidiary will not affect any business and accounting policies of the company [ABSTRACT FROM AUTHOR]