Difference between historical cost and fair value accounting In order to make the most profitable and rational decisions entity’s stakeholders have to evaluate organisation’s financial statements. Today’s world of rapidly changing prices has made it difficult to estimate what something is actually worth. Thus leading to debates at what price – historical costing price or market value – assets and liabilities should be reported. Therefore‚ before making any evaluations about reported transactions
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There is no doubt that Fair and Lovely is “doing well” financially according to the author. Controlling 50% - 70% share of the skin whitening market in India‚ with two closest competitors sharing 16% of the market. The second fastest growing brand out of 63 brands in HLL’s portfolio with a growth rate of 21.5% per year as of 2002 in a market valued at over $200 million in 2006. Ankita Rao equally acknowledged financial benefits in the skin whitening market when she said “the market-which is set to
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popular plans are the fair tax and the flat tax. In this paper‚ I will talk about the features of each tax system and discuss some of the advantages and disadvantages of both proposals while concurrently comparing them to our current tax system. The flat tax charges all household incomes and corporate profits at the same flat marginal rate. The main advantages of the flat tax are its fairness‚ simplicity and potential growth. First‚ the flat tax would be perceived as fair because everybody pays
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In her opinion piece “Fair’s Fair For Farmers‚” Caitlin Fitzsimmons contends in an urgent yet didactic fashion that many companies are misusing Fair Trade; only supportive for their personal gain. She begins with ‘there’s a good reason to buy Fair Trade‚’ arguing that purchases would deter those producers from slavery and exploitation. She argues that the buyer should understand how to find legitimate products as well as the importance of economics within the Fairtrade company. Fitzsimmons pleadingly
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Analysis of Vanity Fair Magazine Cover (May 2006) Kress and Van Leeuwen (1996) have provided a toolkit for visual analysis that Unsworth (2001) draws upon in his analysis of images. In this short essay I will use the meta-functional framework as adopted by Kress and Van Leeuwen and presented by Unsworth (representational/ideational‚ interactive/interpersonal and compositional/textual) to conduct a short analysis of the special Green Issue of Vanity Fair magazine cover from May 2006. In the analysis
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Fair & Lovely : Redefining Beauty Faculty Contributor : Avinash G. Mulky‚ Professor Student Contributors : Ajay Jain‚ Debasish Das‚ Karthik Rangarajan‚ Praveen Singh‚ Sulakshana S It is common perception that many Indian women are partial towards fairer skin. Recently‚ noted dermatologists commented that people are now openly asking for a solution to something that has been an obsession through the ages. Equating fairness with beauty has turned out to be a key consumer insight in the case of the
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to the Alabama National Fair usually is an excursion that almost anyone looks forward to‚ no matter what their age may be. As my friends and I met up to head to the fair‚ we were all ecstatic concerning all the phenomenal fair food we planned to eat once we arrived. We all discussed the wonderful stuff we planned to accomplish when we arrived at the fair. My friends and I were thrilled regarding the multitude of astounding rides we planned to ride once we reached the fair. As we approached the fairgrounds
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workplaces more harmonious and flexible.” CITATION 14Se \l 3081 (ABC‚ 2008) One of the many objectives underlying the Fair Work Act 2009 is to achieve productivity and fairness in the workplace through the implementation of collective bargaining supported by good faith bargaining agreements and rules presiding industrial action CITATION Fai14 \y \l 3081 (Fair Work Ombudsman). The Fair Work Act 2009 places an important emphasis on good faith bargaining by both parties. Good faith bargaining can been
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53 FAIR PRESENTATION---AN ETHICAL PERSPECTIVE ON FAIR VALUE ACCOUNTING PURSUANT TO THE SEC STUDY ON MARK-TO-MARKET ACCOUNTING Sharon S. Seay‚ Macon State College Wilhelmina H. Ford‚ Macon State College ABSTRACT Fair value accounting has received a significant amount of blame as the cause of the current financial crisis. Fair value accounting does not cause illiquidity or volatility in financial markets. Banks‚ rather than accounting‚ caused the existing crisis‚ ultimately through bad lending
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intuitively‚ and smell it in the air. The Wyoming County Community Fair is like a book marker in the timeline with a chapter title reading: “This is your last week of summer...make it count.” My fair is the book marker of change since the chances of becoming fair Queen‚ making it to states‚ and crossing paths with a million people you wouldn’t have met otherwise is about as slim as the chance of getting struck by lightning. Entering the fair talent show and meeting performers from different areas doesn’t
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