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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TASK 2: Stakeholder is a person or a group who are inquisitive and focused on business. It could be anyone such as an individual‚ bank‚ customer‚ and employee. They also include owners who are focused on how much money the business makes. P2: Marks and Spencer‚ Emaar: The main stake holders for Marks and Spencer are the owners‚ banks‚ suppliers and the customers. The stakeholders for Emaar are the suppliers‚ government‚ trade unions and the owners. The owner are people who own the business and
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IAS 16‚ Property‚ plant and equipment By Graham Holt Studying this technical article and answering the related questions can count towards your verifiable CPD if you are following the unit route to CPD and the content is relevant to your learning and development needs. One hour of learning equates to one hour of CPD. We ’d suggest that you use this as a guide when allocating yourself CPD units. Property plant and equipment (PPE) are tangible assets that an entity holds for its own use or for
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2013-02-12 Introduction. Within this brief sheet I am going to describe what the social implications of various ethical issues are. These issues will relate to the various aspects of McDonalds. The aspects of McDonalds that I will look into are as follows; * Finance & Health * Marketing * Food Production * Environmental implications. Ethics: Finance & Health Finance is an essential part of Business. It is imperative to be ethical in this sector as it’s the area that handles
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the Financial Accounting Standards Board (FASB) has been the organization that establishes standards that govern the preparation of financial statements‚ known as the United States Generally Accepted Accounting Principals (US GAAP). Many countries have established their own national accounting standards as well; however‚ as international business and trade increases‚ so does the need for a common set of accounting standards. In response to this need‚ the International Accounting Standards Board
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IAS 36 Impairment of Assets by Claudia Mezzabotta Dottore commercialista e revisore legale in Milan‚ Italy Member of IASCF SMEIG – London (UK) Member of EFRAG SME WG – Brussels (Belgium) November 5-6‚ 2012 “International Accounting” Course MIM Course UNITN Trento - Italy Objectives of IAS 36 • To ensure that assets do not exceed their recoverable amount • To define how recoverable amount is calculated • To indicate when impairment tests need to be conducted • To prescribe
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5-204-270 Revised April 15‚ 2005 ARTUR RAVIV AND TIMOTHY THOMPSON Bed Bath & Beyond: The Capital Structure Decision “Bed Bath & Beyond’s earnings report could have been called Bed Bath & Brag‚” according to the New Jersey newspaper The Record in April 2004.1 However‚ Bed Bath & Beyond (BBBY) had the performance to back up its boastfulness. Since going public in 1992‚ the home goods retailer‚ based in Union‚ New Jersey‚ had never missed an earnings estimate. For fiscal year 2003 (ending
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Business and Management Internal Assessment “Should Hotel Xyz open their new hotel in New Delhi to increase their revenue?” Acknowledgement: I sincerely thank my manager and other staff for their help and contribution in this report: • Mr Yqq Shukla – Managing director of Hotel Xyz • Mr Ravi Kumar- Marketing Manager of Hotel Xyz • Mr Vijay Pillay- Chartered Accounted of Hotel Xyz Executive Summary: The management
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Individual assignment Topic 1:. Identify and evaluate your personalities by using the Big Five Model (use a free online website). Write a paper providing your thoughts on the results and explain how the results can help you in personal and professional development. I/ Introduction 1. Why do I choose this topic? The reason why I choose this topic is I am curious about how Big Five evaluates people’s personalities‚ (particularly‚ my personalities) as well as how it relates to
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structure and organisation of the report is presented is graded; in terms of the sections and the order in which they are presented. AVOID: repetition‚ abbreviations‚ personal pronouns‚ bulleting / numbering lists. IMPORTANT! o DO NOT PLAGIARIZE! o The IA is marked out of 60. This contributes to 40 % of your CAPE grade. o Font: Times New Roman; size 12. You may bold or underline heading (not both); but do not increase the font size or style for headings. o Double line spacing. o Number all pages except
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