Provisions and Contingencies Scenario 1 Fact: Energy Inc. (Energy‚ or the Company)‚ which operates in the oil industry‚ is a U.S. subsidiary of a U.K. entity that prepares its financial statements in accordance with IFRS and U.S. GAAP. A draft law in a country where Energy operates in‚ which requires a cleanup of land already contaminated‚ will possibly be enacted shortly after the year-end. Issues: Should Energy recognize a provision‚ (i) in reporting under IFRSs‚ and (ii) in accordance
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Management October 15‚ 2013 1. When determining what his obligations are to his subordinate‚ Kevin Pfeiffer‚ what decision would Antonio Melendez most likely reach if he applied the utilitarian approach to decision making? What conclusions would probably result if he employed the individualism approach? If Antonio Melendez uses utilitarian approach he would have thought of the coemployers and growth of the company and consequences to face and go ahead. But if instead of that‚ he uses individualism
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MEMO: LabCo must determine if their accounting policy for the revenue treatment of its construction contracts is reasonable‚ if it is appropriate for LabCo to change its method of accounting for the Halibut contract from the percentage-of-completion method to the completed-contract method and how the change should be treated on the basis of the guidance provided within ASC 250‚ and how LabCo’s accounting policy and accounting for the Halibut contract may change under IFRS if adopted in the coming
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Zahra Chaharmir 37 Saunton Way Selly Oak Birmingham B29 6QH Tel: 0121-6042068 Mobile: 07828203660 Email: Shahrzadcat@yahoo.co.uk Personal Profile:
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Case : Carnival Cruise Lines 1 )The cruise line industry has seriously developed through the last decades. Companies have adapted offers creating lower price cruises more adapted to the middle class. Moreover‚ Ted Arison has launched the concept of “Fun Ship” vacation creating a new type of cruise more oriented on leisure. He managed to create a synergy with group tours‚ theme parks and sojourns (to Las Vegas for example). It created curiosity to potential customers and has grown the number of
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I. STATEMENT OF THE PROBLEM Struggle in achievement of profitability II. BACKGROUND OF THE CASE Jeff Hawkins‚ a graduate of Cornell University with a degree in BS Electrical Engineering‚ did a short tenure at Intel before working at GRiD Systems in 1982. While at GRiD‚ he developed GRiDTask – a high-level programming language which fuelled further the technological advancements in handheld computing‚ particularly in the area of text entry. In 1986‚ Hawkins left grid to pursue further
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Standards IEEE Std 450™-2002 (Revision of IEEE Std 450-1995) 450 TM IEEE Recommended Practice for Maintenance‚ Testing‚ and Replacement of Vented Lead-Acid Batteries for Stationary Applications IEEE Power Engineering Society Sponsored by the PES Stationary Battery Committee Published by The Institute of Electrical and Electronics Engineers‚ Inc. 3 Park Avenue‚ New York‚ NY 10016-5997‚ USA 3 April 2003 Print: SH95063 PDF: SS95063 IEEE Std 450™-2002 (Revision of IEEE Std
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hours is 2500mL. Output is 2000mL including urine and NG drainage. Febrile and diaphoretic; BP 130/80; pulse 88; urine specific gravity 1.035; serum potassium 3.0 mEq/l; serum sodium 140mEq/l‚ CL 92mEq/l‚ Mg 1.4 mg/dL. 1.) Analyze the data in the case study. Do the findings indicate a fluid deficit or fluid excess problem? Support your answer with data from this patient. I would guess a fluid volume deficit. Dark amber urine‚ dry mucus membranes‚ poor skin turgor‚ and labs all point in that direction
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corporations such as Enron‚ WorldCom‚ and Hollinger International‚ lawmakers sought to provide regulations that provide oversight on the way corporations report financial data and to ensure that stockholders were protected. The Sarbanes-Oxley Act of 2002 was put in place to combat deceit‚ improve the consistency of financial reporting‚ and reestablish the confidence of investors (Wagner & Dittmar‚ 2006). One of the declaring regulation within this major law is that the management of a company is
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October Revolution 1. Provisional Government’s Weakness 1) Dual government/dual power – it is not a representative of the masses thus is unable to command Provisional government had no real power as the troops‚ the railroads‚ the post and telegraph are in the hands of soviets. (Communication lines/military force/power supply) 2) Postponement of decisions – the provisional government claimed that being provisional‚ it could not make fundamental changes such as confiscating land and distribute
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