Contingent liabilities are possible future liabilities that will only become certain on the occurrence of some future events. A contingent liability is less certain than a provision‚ the latter is expected to recognize; however‚ a contingent liability might occur. An entity shall not recognize a contingent liability; nevertheless‚ the company should disclose it‚ as required by paragraph 86‚ unless the possibility of an outflow of resources embodying economic benefits is remote. Where an entity
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Is ABC suitable for your company? --Using Estrin‚ Kantor and Albers’ contingency grid‚ If an organization’s score puts it in Quadrant three‚ Is ABC implementation recommended? Explain. Is their method "foolproof?" Abstract Nowadays‚ we know that activity based costing system assigns overhead costs to products or services products that using a two-stage process‚ which focuses on activities. ABC is a relatively new and very important topic in managerial accounting. ABC allows us to find a way
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HIPPA Privacy: How It Affects You!!! 08/08/2013 Medical Assistant Eilleen E. Ruidiaz What is HIPAA? Health Insurance Portability and Accountability Act of 1996 – a Federal Law * Portability * Administrative Simplification * Data Standardization * Security * Privacy Portability: Protects and guarantees health insurance coverage when an employee changes job Accountability: Protects health data integrity‚ confidentiality and availability Reduces Fraud and Abuse
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Right To Privacy Under Article 21 and the Related Conflicts A very fascinating development in the Indian Constitutional jurisprudence is the extended dimension given to Article 21 by the Supreme Court in post-Maneka era. The Supreme Court has asserted that Art. 21 is the heart of the Fundamental Rights. Article 21 has proved to be multi-dimensional. The extension in the dimensions of Art.21 has been made possible by giving a extended meaning to the word ‘life’ and ‘liberty’ in Article 21. These
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former to incur the liabilty. The object of this assignment is to explain the principle of vicarious liability and show which instances it applies to. Reference will be made to decided cases and statutes. 2. Employer- Employee Relationship The employer- employee relationship is one of the most common occurrences of cases of vicarious liability. The most accepted reason for conferring liability to the employer is that by assigning a task to the employee‚ the employer creates a risk of harm and
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methods used‚ and working conditions. Due to globalization many clothing companies benefit from sweatshop labor‚ this paper will explore the debate of sweatshop labor and if the clothing companies who utilize sweatshop
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skill sets to execute a product to order. Emphasis now is not only on having the ability to create and ideate from scratch‚ but more so understanding the emotional importance in a working lifestyle and how it affects the chain of supply. In “Do You Matter? How Great Design Will Make People Love Your Company” by Robert Brunner and Stewart Emery‚ the authors argue that good design does not simply end at offering an attractive product or service‚ but at creating an overall psychologically positive experience
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ASSETS & LIABILITIES Asset is an item of value owned by the company. Assets can be tangible i.e. those which have some physical existence or can be intangible i.e. which do not exist in physical form but can be held in the form of contracts or rights. Assets are usually grouped in order of liquidity (ease of conversion to cash) on the balance sheet. Cash is therefore the most liquid of all assets. Assets can be classified as: 1.) Current Assets – Those assets that are expected to be converted to
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two principles of criminal liability which have to be relied upon in order to determine the guilt or innocence of the accused person. Therefore the aim of this essay is to discuss the two principles of law for criminal liability with reference to the Penal Code Act‚ Chapter Eighty Seven (87) of the Laws of Zambia and Zambian decided cases. In order to effectively do this‚ the essay will begin by generally talking about the two principles of law for criminal liability which are the “Actus reus”
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Privacy on the Internet Ever feel like you are being watched? How about having the feeling like some one is following you home from school? Well that is what it will be like if users do not have the privacy on the Internet they deserve. EPIC (Electronic Privacy Information Center)‚ a advocacy group that has been fighting the Clinton Administration for tougher online consumer protection laws‚ and other privacy protection agencies have formed to protect the rights and privileges of the Internet
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