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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Why do professionals prefer IAS A new subject has attracted legislators‚ thinkers‚ journalists and one could say the economists as well. Why should not we ban the entry of professionally qualified personnel into the IAS or IPS Services ? Some have argued that government spends‚ directly or indirectly‚ a lot of money on the education of an Engineer or a Doctor and in case these professionals join general services like IAS or IPS the hard spent government money goes into the gutter. Good some thinking
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What is a hazard? A Hazard is any existing or potential condition which by itself or by interaction with other variables (physical/ biological) can results in death‚ injury or chemical damage to persons‚ property‚ the environment and information. There are five main types of hazards that exist everywhere‚ They are chemical‚ physical‚ biological‚ ergonomical and psychosocial. Hazards at my work place At the University of the Southern Caribbean‚ I work in the House keeping department. This
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...........9 3 1.0 INTRODUCTION The assignment is concerned about analyzing the financial statement in the annual report of Bengal Windsor Thermoplastic Ltd. On the FY ended 30 June 2013 according to International Accounting Standards-1. IAS-1 is formed with the principless for presenting Financial Statement on a curtan period of time. 4 2.0 COMPANY IN BRIEF 2.1 OVERVIEW
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IAS 16 PROPERTY‚ PLANT AND EQUIPMENT HISTORY OF IAS 16 August 1980 Exposure Draft E18 Accounting for Property‚ Plant and Equipment in the Context of the Historical Cost System March 1982 IAS 16 Accounting for Property‚ Plant and Equipment 1 January 1983 Effective date of IAS 16 (1982) May 1992 Exposure Draft E43 Property‚ Plant and Equipment December 1993 IAS 16 Accounting for Property‚ Plant and Equipment (revised as part of the ’Comparability of Financial Statements’ project) 1 January 1995 Effective
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Conclusion on Children at Risk No. 107 (LVIII) - 2007 EXCOM Conclusions‚ 5 October 2007 The Executive Committee‚ Recalling its Conclusions Nos. 47 (XXXVIII)‚ 59 (XL) and 84 (XLVIII)‚ specifically on refugee children and/or adolescents‚ Conclusion No. 105 (LVI) on Women and Girls at Risk‚ Conclusion No. 106 (LVI) on Identification‚ Prevention and Reduction of Statelessness and Protection of Stateless Persons‚ Conclusion No. 94 (LIII) on the Civilian and Humanitarian Character of Asylum‚ Conclusion
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1.Rinsing Raw Meat and Poultry. Dean Cliver‚ PhD‚ an Institute of Food Technologists spokesperson on food and kitchen safety‚ says the USDA has backed off the idea that meat and poultry should be washed or rinsed—in fact‚ the organization’s website says there’s no need to do so. “Sometimes you may buy a chicken‚ and it has salmonella. If you cook it thoroughly‚ it would kill it‚” Cliver says. “Washing it might spread the salmonella around.” 2. A Greasy Range Hood and Filter. Captain Peggy Harrell
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How to minimize risk in a Care Home settings In this piece of work I will be explaining how legislation‚ policy and procedures minimize the risks of hazards in a care home. Health and Safety at Work Act 1974 Another potential hazard in the care home is equipment. Staff have to follow the rules and regulations on how to use the equipment correctly‚ to prevent harm to themselves and patients. Employees must take responsibility for the care of their own and others health and safety‚ they should
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1. Define what is meant by the term “natural hazard”. A natural hazard is a threat of a naturally occurring event that will have a negative effect on people or the environment. 2. Provide a brief description of the type of hazard you have been allocated. Bushfires: A bushfire is a large out-of-control fire occurring in areas with large amounts of flammable vegetation. Bushfires are hard to control as the right weather conditions and wind direction can cause a bushfire to spread from the
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of life dealing with insurance have drastically changed. It all started off so small and as each year progressed‚ insurance companies have steadily increased and made profit with money. Insurance companies continue to remain a mystery to people of how they make their money. Now in the 21st century‚ Insurance companies have definitely taken advantage of their two most important sources of selling insurance and making money. Insurance companies make money from premiums collected from their customers
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