International Accounting Standard 2 (IAS 2) governs the accounting treatment for inventories. IAS 2 “provides guidance on the determination of the cost and subsequent recognition of expense (including write-down of inventory to its net realizable value). The Standard also provides guidance on the cost flow assumptions (“cost formulas”) that are to be used in assigning costs to inventories” (Mirza‚ Orrell and Holt). In addition‚ IAS 2 provides guidance on write-down reversals. IAS 2 applies to all inventories
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Introduction | 3 | Literature Review | 4 | Data Collection Sources | 5 | Presentation of Data | 6 | Interpretation of Findings | 10 | Discussion | 12 | Conclusion‚ Recommendations & Limitations | 14 | References | 15 | Appendix | 16 | INTRODUCTION Drug/substance abuse refers to harmful or hazardous usage of psychoactive substances‚ including alcohol and illicit drugs. A psychoactive drug is a substance which acts primarily upon the central nervous system where it alters brain function
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Partnership Partnership is a long-term commitment to operate in business together. The people who own a partnership are called partners. They maintain one set of accounting records and share the profits and losses. Nature of Partnership 1. It is formed to make profits 2. It must obey the law as given in the Partnership Act 1890. If there is a limited partner‚ it must also comply with the Limited Partnership Act of 1907. 3. Normally there can be a minimum of two partners and a maximum of
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Starring Laurence Fishburne‚ Olive Parker’s 1995 rendition of the romantic‚ tragedy Othello‚ is an accurate yet dramatic portrayal of William Shakespeare’s acclaimed masterpiece‚ “Othello.” Olive Parker artistically employs the use of cinematography‚ lighting manipulation‚ and sound effects at necessary scenes‚ which lends a breath of life to a classic play. According to the critic Rita Kempley in the Washington Post‚ “this adaption of Othello allows us to judge for ourselves whether the Moor loved
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Practice Test Economics 01 Midterm 2 Fall 2013 Professor K.C. Fung Multiple Choice: Choose the best answer 1. Suppose price of baguette is $1 and price of sushi is $5‚ then to maximize total utility‚ a rational consumer should consume until: a) the marginal utility of baguette divided by the marginal utility of sushi is 1 b) the marginal utility of baguette divided by the marginal utility of sushi is 5 c) the marginal utility of baguette divided by the marginal
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Rep of Congo 96 13. Mexico 95 14. Saudi Arabia 85 15. Indonesia 76 16. Libya 32 17. Iran 27 18. Mongolia 27 19. Peru 25 20. Chad Worlds Most Populous Countries Population S.N Country in million 1‚306 14 Germany 1‚080 15 Egypt 295 16 Ethiopia 241 17 Turkey 186 18 Iran 162 19 Thailand 144 20 France 143 21 United Kingdom 128 22 Dem. Rep of Congo 127 23 Italy 106 24 Korea‚ South 87 25 Ukraine 83 Area (lakh sq km) 23 23 19 19 19 17 16 15 12 12 S.N 1 2 3 4 5 6 7 8 9 10 11 12 13 Country China India
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SEMESTER TWO PROJECT Analytical essay in Philosophy (IB Internal Assessment Dr. VanderWilt Philosophy 2 HL IB Objectives: IDENTIFY a relevant non-philosophical work that assists in the exploration of a major issue in Philosophy ANALYZE the non-philosophical work from ONE consistent accurately summarized and validly applied philosophical perspective in a manner consistent with a Philosophy or Philosopher EVALUATE the non-philosophical work AND the chosen philosophical perspective from a well-conceived
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IB Math Studies Internal Assessment: Is the distance a tennis ball travels horizontally dependent on the angle of which it is dropped at? Exam Session: May 2014 School Name: Teacher: Course: IB Math Studies Word Count: 654 Name: Is the distance a tennis ball travels horizontally dependent on the angle of which it is dropped at? Introduction In tennis‚ players hit the tennis ball in certain ways so the ball goes the way they want it to go. Hitting it at certain angles enables
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Summary of IAS 18 Objective of IAS 18 The objective of IAS 18 is to prescribe the accounting treatment for revenue arising from certain types of transactions and events. Key Definition Revenue: the gross inflow of economic benefits (cash‚ receivables‚ other assets) arising from the ordinary operating activities of an entity (such as sales of goods‚ sales of services‚ interest‚ royalties‚ and dividends). [IAS 18.7] Measurement of Revenue Revenue should be measured at the fair value of the consideration
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Topic Internal Controls Title An analysis of the Internal Controls used in the Finance department at COLFIRE. Research Questions 1. How are internal controls used at COLFIRE? 2. How does COLFIRE use internal control to operate their operations? 3. What are the major internal controls principles used at COLFIRE? Organization COLFIRE. (Colonial Fire and General Insurance Company Limited.) ACKNOWLEDGEMENT I would like to thank my teacher Mr. N. Cooper for giving me the necessary information
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