Introduction Regulatory framework is a system of regulations and the means used to enforce them. They are usually established by the government to regulate the specific activities. These rules have a structured way of being supported and enclosed in a safe place. Most of them are recognized by the law. A conceptual framework is important to the understanding of the many principles and concepts that underpin International Financial Reporting Standards (IFRS) and is an often-neglected part of candidates’
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chapter 1 Conceptual and regulatory framework Contents Introduction Examination context Topic List 1 Financial statements 2 Purpose and use of financial statements 3 Bases of accounting 4 The IASB Framework 5 International Accounting Standards Committee Foundation (IASCF) 6 International Financial Reporting Standards (IFRS) 7 Inherent limitations of financial statements 8 Not-for-profit entities Summary and Self-test Technical reference
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The Regulatory Framework – An International Perspective Readers will be aware that all EU companies listed on a regulated market will be required to prepare their consolidated accounts in accordance with endorsed International Accounting Standards from 2005 onwards. The IASB – International Accounting Standards Board‚ (Formerly IASC)‚ issued its Framework for the Preparation and Presentation of Financial Statements in 1989. This is referred to as its conceptual framework. The framework sets
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Regulatory and Conceptual Framework I am going to analyse and evaluate the conceptual and regulatory framework of financial reporting. In order to do this I will look at the objective of financial statements‚ identify the users of financial statements‚ explain the conceptual framework for financial reporting‚ look at the regulatory framework for financial accounting and finally look at the three ways of achieving accounting comparability. According to IAS Plus website‚ 2011‚ the objective of financial
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Unit 1: Inclusive Practice Inclusion & Promoting Inclusion “Inclusion is about creating interesting‚ varied and inspiring learning opportunities for all learners‚ ensuring all learners contribute and are never disadvantaged by methods‚ language or resources” Wilson (2008) p 153. As the CSIE explain: “Arguments for inclusive education are well documented and rest on notions of equality and human rights. Much more than a policy requirement‚ inclusion is founded upon a moral position which values
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regulatory framework that financial advisers must consider‚ and by which they must abide There are a number of regulators in which financial advisers must consider and abide to ensure that clients and their assets are protected‚ and can confidently depend on a financial adviser in planning their retirement. The core of the regulatory environment within which financial advisers must consider is the Corporations Act along with the Financial Services Reform Act‚ and the Financial Planning Association’s
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because it generates ninety nine percent consciousness among professional accountants and to promote an ethical culture with listing the five Fundamental Principle of Professional Ethics and lay down some threats to principles with its Conceptual Framework which leading to the independence enhancement of auditors (IFAC‚ 2009) [online]. The principle-based ethical code is significantly encourages that EAs to exert ethics and independence in their thinking and behaviors‚ and it is optional to be performed
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Legal and Regulatory Framework I. The basis of the contract From the coupon attached‚ we can see the specialist terms as follows: 1. Each person should use only one ticket and not use the ticket in conjunction with other coupons 2. The Minimum consumption should be controlled over 100 yuan. 3. The coupon can’t be used in the holidays. 4. The final interpretation is owned by our company. The standard form contract is a standard document prepared by many large organizations
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Data monetization can be described as a process of transforming data objects into commodities others will be prepared to pay a premium for (Perler‚ 2012). This concept of monetisation is rooted in the value placed on minerals like gold and diamonds‚ because of their intrinsic values. Thus‚ things possessing no intrinsic value or intrinsically worthless items could also be monetised or transformed into a legitimate money making venture‚ provided the holder is capable of providing the services others
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An early years practitioner has to ensure that they are following the policies and procedures the setting has relating to equality‚ diversity and inclusive practice‚ and should always show that you value the child as an individual. Tasks should be set out to help the child make their own decisions so they are able to feel a sense of control over what they do. Early years settings should clearly display that they welcome diversity; at my setting we have posters of different cultures and a “welcome”
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