Under IFRSs IAS 37‚ a provision is recognized for a legal or constructive obligation arising from a past event‚ if there is a probable (more likely than not) outflow of resources and the amount can be estimated reliably (IAS 37.14). In contrast‚ according to FASB ASC 450-20-25-2‚ a contingency (provision) is recognized if it is probable (likely) that a liability has been incurred and the amount is reasonably estimated. Scenario 1 (1) Under IFRSs: According to IAS 37.22‚ the contamination of the
Premium Balance sheet Generally Accepted Accounting Principles Asset
Contingency Theory Management and the Modern Day Corporation Page 4 Burns & Stalker (1961) – Managing Innovative Firms 1. Before the war‚ the industry was heavily involves in contract work with the government. 2. During the 1950s‚ opportunities arose for companies to develop new products for the growing consumer market (radios‚ TV’s‚ etc). 3. Consumer markets meant higher profits and greater Risks. 4. This meant moving into a market that was uncertain‚ competitive‚ extremely risky and required
Premium Environment Natural environment Environmental science
The aim of tort law is to compensate the claimant and to deter defendants’ discuss whether the rules of causation and remoteness of damage fulfil this aim. The rules of causation state that the claimant has to prove that the defendants breach of duty was the factual cause of material damage‚ when considering the facts of Barnett v Chelsea & Kensington Hospital Management Committee (CKHMC) where the claimants husband became ill after drinking tea which had arsenic‚ when taken to hospital‚ the doctor
Premium Tort law Tort Law
to accomplish and if a person is dedicated to accomplishing those goals then eventually success will follow. Eleanor Roosevelt once said that “the future belongs to those who see the beauty of dreaming”. Those who see themselves somewhere and work towards getting to that place will manage to get there. Some of the qualities an entrepreneur must have would be aptitude‚ attitude‚ and self-awareness. Other qualities would be having a vision of where they would want to develop themselves and how to make
Premium
Does entrepreneurial self-efficacy distinguish entrepreneurs from managers? | | | | | Tebyan M. El-dawi | 1/10/2013 | | Does entrepreneurial self-efficacy distinguish entrepreneurs from managers? Self-efficacy is an individual’s cognitive estimate of his or her “capabilities to mobilize the motivation‚ cognitive resources and courses of action needed to exercise control over events in their lives” (Wood & Bandura 1989). One important effect of self-efficacy is on the chice
Premium Motivation Psychology Locus of control
lecture and tutorial attendance. There will be no pandering to lateness and absenteeism so make every effort to be present and to be on time! • Assimilating and reviewing lecture notes • Reading all recommended articles and relevant chapters from the designated textbooks before attending class since lectures frequently make references to and offer perspectives on the required readings: Classroom Rules • Not reading of the newspapers‚ chatting‚ eating‚ surfing the Net‚ listening to
Free International relations International relations theory Constructivism in international relations
CHAPTER 1 1.0 INTRODUCTION This research proposal discusses the causes and effects of poor entrepreneurial skills development amongst the youth in Gaborone. The study entails the background information of the study‚ statement of the problem‚ research objectives and questions‚ scope of the study‚ the hypothesis‚ and significance of the study‚ limitations and the definition of terms. Entrepreneurship is a way of life that offers unlimited possibilities to those who truly believe in it and
Premium Management Economics Entrepreneurship
Fiedler’s Contingency Theory Proposed by the Austrian psychologist Fred Edward Fiedler (1922- ). The contingency model emphasizes the importance of both the leader’s personality and the situation in which that leader operates. A leader is the individual who is given the task of directing and coordinating task-relevant activities‚ or the one who carries the responsibility for performing these functions when there is no appointed leader. Fiedler relates the effectiveness of the leader to aspects
Premium Leadership Fiedler contingency model
us. Most of life is full of pain and suffering that most of us would not choose if we ultimately had the choice. Whether you suffer from private pain‚ public or national pain with your communities‚ or conflict inside of your workplace. “In some form‚ suffering touches each of us‚ and all our organization’s” (Hall). So‚ how do you choose to deal with the inevitability of suffering? Do you let it make you stronger and build you up‚ or do you let yourself hit rock bottom and camp out there? “Pain
Premium Suffering Experience
WINNER’S SHIFT Introduction This report has been produced to review and analyze the two case studies mentioned “Microsoft’s lost opportunities” and “Create renewal‚ without it you create Detroit” to prove that “Winner’s Change” and losers don’t. A review of these organizations in concern illustrates that business’s and organizations that shift before its competitors will make lots of money than its competitors would. Today Apple has made much more money‚ than any other brand in the world
Premium Sri Lanka Proactive