Contingent Liabilities and Contingent Assets The Standard This standard distinguishes between provisions and contingent liabilities. A provision is included in the statement of financial position at the best estimate of the expenditure required to settle the obligation at the end of the reporting period. A contingent liability is not recognised in the statement of financial position. However‚ unless the possibility of an outflow of economic resources is remote‚ a contingent liability is disclosed
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Validity‚ Benefits‚ and Liabilities of Criminal Profiling According to an article published in Time magazine on Thomas Lee Dillon‚ the man convicted of hunting down and murdering five Ohio men in cold blood‚ there are only three ways you can accurately solve a crime. There must be the presence of physical evidence‚ an eyewitness to the crime‚ or a verifiable personal confession. (Ripley et al.‚ 2002). After studying criminal profiling this week‚ I believe that two important issues involved in
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Nursing and Doctors Doctors and nurses both make a huge difference in our lives. Even though they are very different one would not be able to function without the other. Most people think that nurses are just doctors who don’t get paid as much or doctors can easily do a nurses job if they wanted to. They receive different schooling‚ they work together but their individual jobs are different‚ and their salaries are very different. But they both work to service you and keep us healthy. To be a
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Hinduism and Buddhism‚ both ancient Indian major belief systems‚ were instrumental in shaping the everyday life as well as a life span of ancient Indians. More of progressive enlightened philosophy than a religion‚ Buddhism illuminated the path to righteousness‚ good heartedness‚ honor and virtue through the Eight Fold path and the Four Noble Truths. Hinduism emphasizes asceticism (refraining from the “wants of life and its worldly pleasure”) and reincarnation‚ or rebirth of an individual in the
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Literature II 21 October 2014 Comparing and Contrasting Odysseus and Percy Jackson Why are not all humans exactly the same? What separates humans apart from each other‚ aside from their external appearance? Each individual human being is unique and extraordinary‚ due to the different characteristics they possess. Granting the fact that humans having similar qualities is a frequent occurrence‚ no two individuals attain identical personalities. Comparing and contrasting the characteristics of Odysseus
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Contractual Relationships I The activities for this subject will introduce you to the concepts associated with contractual relationships. Contracts are the lifeblood of any commercial organization. Good contracts save time and money‚ while bad contracts can lead to lawsuits‚ economic losses‚ and wasted time. These contractual concepts are essential to understand in order to protect an organization and maintain its commercial activity. Contractual relationships cover a wide range of types of business
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Chapter 20‚ Review Question 20-5 Distinguish among the four standards that have evolved for defining auditors’ liability for ordinary negligence to third parties under common law. Why is this area of auditors’ liability so complex? Legal precedent differs by jurisdiction (state by state). Third party must prove: 1. auditor had a duty to the plaintiff to exercise due care 2. auditor breached that duty by failing to act with due professional care 3. direct causal connection between auditor’s
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The Roman and Greek societies were both very influential and innovative. Furthermore‚ the two civilizations lasted for many centuries and expanded greatly. Thus‚ the Roman and Greek societies had various differences and similarities along the lines of religion‚ government and intellectual achievements. Religion-wise‚ Rome had borrowed Greek’s polytheistic religion‚ only altering deities’ names. On the government front‚ Rome combined the governments of several Greek city-states and made a republic
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Imagine a beautiful mountain with snow covering its peak and as the snow melts it forms a small waterfall going down the mountain to the bottom. Doesn’t that make you want to close your eyes and just picture that detail and picture all the colors and beautiful scenery. These are the tools which authors and filmmakers use to get their audiences to be interested and indulge in reading a book or watching a movie. The way an author writes a book allows the reader to use their own imagination. The reader
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Comparing and contrasting prosecuting and defense attorneys In many ways‚ when it comes to comparing defense counsel to prosecution there are several similarities. The roles are very different‚ but they are both considered to defending individuals. The prosecution role is to protect the people‚ the victims by putting their cases together with the mind frame of keeping justice fair. This is a must‚ to maintain what we want and need as a civilized society. While protecting the individuals
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