provider keeps track of the length of the call to provide a billing record. A Fixed Line refers to a phone that uses a metal wire telephone line for transmission. (Wikipedia‚ the free encyclopedia ‚ 2014) Cellular telephones have types of telecommunications components‚ voice and data. GSM (Global System for Mobile communications) is an open‚ digital cellular technology used for transmitting mobile voice and data services. GSM differs from first generation wireless systems in that it uses digital
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ROLE OF ‘IASB’ IASB replaced the old regime of International Accounting Standards Committee (IASC) in standard setting. The IASC was issuing International Accounting Standards (IAS). So far there were forty one IAS which had been issue before IASB replaced IASC in 2001. As one of the major weaknesses of IASC was that the standards it was issuing contained many objectives thereby defeating the purpose of consistency in recognition‚ measurement and presentation of transactions. IASB intends to limit
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INTERNATIONAL FINANCIAL REPORTING STANDARDS(IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. They are progressively replacing the many different national accounting standards. The rules to be followed by accountants to maintain books
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Legal Studies In December 2002 Dominic Li answered his front door to two men (Richard Nimmo and Maua Sua) both armed with guns. Sua and Nimmo were being paid by Yonky Irvin Tan‚ a drug dealer whom Li’s brother in law owed money to. Both Sua and Nimmo poured hydrochloric acid onto Mr Li where he suffered burns to his face‚ became blind and burns to his oesophagus. Mr Li painfully passed away three weeks later due to these injuries sustained as they led to a blockage in his throat that blocked his
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INTRODUCTION Telecommunications has become one of the fastest growing business sectors in modern information technology. The competition between the mobile suppliers is more severe as the telecom market has recently been closed to saturation in mobile subscribers. Therefore‚ suppliers try to attract customers by focusing on value-added services. This report indicates the battle of intensifying 3G services between the three strongest mobile providers Vinaphone‚ Viettel and MobiFone‚ which is based
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Chapter IX MEDICO-LEGAL ASPECTS OF PHYSICAL INJURIES Physical Injury is the effect of some forms of stimulus on the body. The effect may only be apparent when the stimulus applied is insufficient to cause injury and the body resistance is great. It may be real when the effect is visible. The effect of the application of stimulus may be immediate or may be delayed. A thrust to the body of a sharp pointed and sharp edged instrument will lead to the immediate production of a stab wound‚ while
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Financial Accounting Theory (BBAC502) Group Assignment (Group of Four) 25% (Due Session 5.2) “Australia has long recognised that its accounting standards need to be harmonised with standards elsewhere in the world. To ensure consistent application of IFRSs‚ CLERP No. 9 recommended that Australia adopt‚ from January 2005‚ official interpretations of IFRSs issued by the IASB’s International Financial Reporting Interpretations Committee (IFRIC). As noted by CLERP No. 9‚ the comparability
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This suit would be covered under the tort of negligence. The first thing to consider if there was a duty of care owed to Steve by either the manufacturer or the Health Club because he could potentially be able to sue both of them. In both cases yes‚ a duty of care is owed to him‚ because the manufacture has a responsibility to ensure that safety of the equipment that they produce. Even though the manufacturer did not have any direct contact with the final consumer‚ there is commercial relationship
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Ethical and Legal Obligations in Accounting Background Accounting is the “process of identifying‚ measuring‚ and communicating economic information about an organization for the purpose of making decisions and informed judgments.” (Marshall et al‚ 2003) The use of this information has widespread application to company managers‚ investors‚ creditors‚ employees and government agencies. For sound decisions to be made based on this information‚ the profession of accounting has created several
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Interpreting Financial Statements An important factor to the success of a small business is understanding financial statements. Financial statements are very important and critical to a business’ journey to economic success. According to Edmonds‚ Olds & Tsay‚ (2008)‚ when used properly‚ financial statements can act as a basis of information for business valuation. Another important and useful indicator when determining a business’ performance and financial situation are financial ratios. Financial
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