Difference between historical cost and fair value accounting In order to make the most profitable and rational decisions entity’s stakeholders have to evaluate organisation’s financial statements. Today’s world of rapidly changing prices has made it difficult to estimate what something is actually worth. Thus leading to debates at what price – historical costing price or market value – assets and liabilities should be reported. Therefore‚ before making any evaluations about reported transactions
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Project Background A friend works with HUL and in one of our conversations there was a casual reference that Fair & Lovely (F&L) as a brand is so huge for HUL‚ that it covers the entire salary cost of the company. We were intrigued by this fact. We checked the HUL annual report and collected some primary data and were surprised to see this was partially true. Employee Benefits Expenses for 2010-11 was Rs. 961.26 Cr and for 2011-12 was 1107.28 Cr. Market share of F&L is on an average
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There is no doubt that Fair and Lovely is “doing well” financially according to the author. Controlling 50% - 70% share of the skin whitening market in India‚ with two closest competitors sharing 16% of the market. The second fastest growing brand out of 63 brands in HLL’s portfolio with a growth rate of 21.5% per year as of 2002 in a market valued at over $200 million in 2006. Ankita Rao equally acknowledged financial benefits in the skin whitening market when she said “the market-which is set to
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popular plans are the fair tax and the flat tax. In this paper‚ I will talk about the features of each tax system and discuss some of the advantages and disadvantages of both proposals while concurrently comparing them to our current tax system. The flat tax charges all household incomes and corporate profits at the same flat marginal rate. The main advantages of the flat tax are its fairness‚ simplicity and potential growth. First‚ the flat tax would be perceived as fair because everybody pays
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market such as the UAE‚ patterns arise in the key demographics who buy products such as Fair and Lovely. In the case of Fair and Lovely‚ we find that the Sub continental female demographic are the most likely to buy the product as being fair is considered to be a sign of success and good health in that culture. In the same way that it is important in the Sub continental demographic‚ importance in the use of fair and Lovely can be seen to diminish in the Arabian and European demographics‚ as those cultures
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Introduction: Dependence of Methane Production on Ambient Temperature in Bovine Waste The purpose of this experiment was to determine the effect of temperature in bovine waste on the amount of methane evolved. The hypothesis stated that the bovine waste heated to 48.9oC would produce the most methane. The manipulated variable in the experiment was the temperature of bovine waste. The responding variable was the amount of methane evolved from the waste. The experiment can be applied to real world
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BOOK/ARTICLE TITLE: Human Resource Management Chapter (14): Ethics‚ Justice‚ and Fair Treatment in HR Management Author(s): Gary Dessler Publisher: Edinburgh Gate‚ Harlow‚ Essex CM20 2JE‚ England Date: 2011 ISBN#: 978-0-273-74815-1 1. Table of Contents: Preface i. Ethics and Fair Treatment at Work ii. What Determines Ethical Behavior at Work? iii. How Managers Use Personnel Methods To Promote Ethics and Fair Treatment? iv. Managing Employee Discipline and Privacy v. Managing Dismissals
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Instructor Student November 14‚ 2010 A Sociological View of a Non-Profit Organization: Fair Housing Internship Introduction This paper will provide an analysis of an internship performed at the Central Alabama Fair Housing Center (CAFHC)‚ Montgomery‚ Alabama. This paper will give an overview of the internship program and its requirements‚ the history of the Fair Housing Act‚ a sociological review of fair housing‚ and discuss the responsibilities and observations made during the internship.
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for their actions and then reintegrates them back into society. The Youth Justice System brings up a lot of question and the main one is: Is Canada’s Youth Justice System fair and equitable? A lot of people argue that it is too lenient while others say it is a great method for dealing with youth. The Youth Justice system is fair and equitable; it uses a rehabilitative method that helps reintegrate youth back into society as normal functioning citizens. Young people deserve a different criminal code
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In her opinion piece “Fair’s Fair For Farmers‚” Caitlin Fitzsimmons contends in an urgent yet didactic fashion that many companies are misusing Fair Trade; only supportive for their personal gain. She begins with ‘there’s a good reason to buy Fair Trade‚’ arguing that purchases would deter those producers from slavery and exploitation. She argues that the buyer should understand how to find legitimate products as well as the importance of economics within the Fairtrade company. Fitzsimmons pleadingly
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