DOES THE “MANAGEMENT APPROACH” CONTRIBUTE TO SEGMENT REPORTING TRANSPARENCY? Advanced Accounting ACC 610 January 4TH‚ 2010 1. INTRODUCTION: An operating Segment is a component of an entity that may earn revenues or incur expenses‚ whose operating results are regularly reviewed by the chief operating decision maker (COMD) and for which discrete financial information is available. Generally‚ financial information is required to be reported on the basis that it is used internally for evaluating
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Assessable income=ordinary income + statutory income. Ordinary income: income deriving from the courts (s6-5) Negative propositions: items that are not income by ordinary concepts: 1.Amounts not convertible into money :In Tennant v Smith (1892) free accommodation provided to a bank manager was held not to be ordinary income because building could not be sub-let and the benefit thereby converted to money. In FCT v Cooke & Sherden (1980) an incentive prize offered by a manufacturer was not income of the
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Market Economy Definition Free Market Economy is an economy ruled by the people‚ not the government. It grants freedom to producers who now only have to make what is needed and wanted‚ not what the government decides is needed and wanted. And the buyers‚ producers‚ and sellers control prices‚ with almost no government interference. Characteristics of market economy In a Free Market Economy‚ the buyers‚ producers‚ and sellers control all prices‚ with very little government interference
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The graphic novel‚ The League of Extraordinary Gentlemen‚ by Alan Moore‚ takes place in Brittan starting in 1898. The work takes characters from other novels and uses their past and personality in one novel. The character in the league are‚ Captain Nemo‚ Miss Mina Murray‚ Allen Quaterman‚ Henry Jekyll‚ Edward Hyde‚ Hawley Griffin‚ Champion Bond‚ and C. Auguste Dupin. During this time period‚ the industrial revolution was taking place. Cities were being built up‚ people were moving from farms
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Earthquakes are vibrations of earth caused by the rapid release of energy. These earthquakes can be caused by faults in the Earth’s crust scraping against each other. Faults are constantly sliding past each other‚ but can occasionally have difficulty when the earth around these faults cracks‚ causing the path to become rugged. When they don’t slide easily‚ they cause tension. When the tension and pressure is released‚ this causes said vibrations that can be large enough to damage and destroy cities
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Course Title IEQ-05 : Earthquake Geology and Geoinformatics (Dept. of Earthquake Engineering‚ IIT Roorkee) What is an earthquake? An earthquake is the vibration of the earth produced by the quick release of energy. Most often‚ earthquakes are caused by movement along large fractures in the earth’s crust. Such fractures are called faults. The energy that is released radiates in all directions from its origin in the form of waves. These waves are similar to the waves that occur when you drop a
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Earthquake Assignment Week 3 Earthquake Assignment Earthquakes Have you ever got so mad you have to squeeze something to release your pressure? Or maybe you walk around aimlessly taking deep breaths to try and discharge the stress something or someone caused. Our earth‚ too‚ has a way of releasing pressure. Earthquakes are the result of the earth’s crust letting go of its strain and stress. Earthquakes can be defined as a sudden and violent shaking of the ground resulting when the
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The article‚ Earthquake Outlook for the San Francisco Bay Region 2014–2043‚ explores the situation of California and its active faults; Also‚ it talks about the possibility of a big earthquake happening before 2043 in the state. The experts believe that there is 98% chance that one or more earthquakes will have a magnitude of at least 6.0‚ which is potent and dangerous; It can make damage to a great extent; furthermore‚ there is a 51% of probability that the earthquake could strike the San Francisco
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A practical guide to segment reporting September 2008 PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2008 IFRS technical publications IFRS Manual of Accounting 2008 Provides expert practical guidance on how groups should prepare their consolidated financial statements in accordance with IFRS. Comprehensive publication including hundreds of worked examples‚ extracts from company reports and model financial statements. IFRS Pocket Guide 2008 Provides a summary
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due to the sudden increase in earthquake activity. Oklahoma has recently had an increase in the number of earthquakes they have each year from magnitudes ranging from .05 to 3.4 and above. There were three earthquakes on February seven 2016‚ thirty-two in the past seven days‚ one hundred and seventy in the past month and three thousand three hundred and ninety six in the past month according to the Earthquake tracker. The state urges residence to have an earthquake preparedness plan due to the constant
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