The Concept of Prudence: dead or alive? FEE Conference on Corporate Reporting of the Future‚ Brussels‚ Belgium‚ Tuesday 18 September 2012 Hans Hoogervorst‚ Chairman of the IASB ______________________________________________________________ Ladies and gentlemen‚ I am grateful to the Federation of European Accountants for the opportunity to participate in today’s conference. As has often been said‚ Europe kickstarted the move towards global accounting standards when it and others adopted IFRSs
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The prudence concept Being prudent means THAT YOU ARE CAREFUL ABOUT YOUR FINANCIAL SITUATION. IT MEANS NOT BEING CERTAIN ABOUT HAVING MONEY UNTIL YOU DEFINATLY KNOW YOU WILL BE GETTING IT. The prudence concept means that when you are running a business and trying to figure out what your profits will be you understate your profits rather than overstate them. It also means that you make a record of all the debts or money that you own out of the business and not writing down any anticipated profits
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conservation Prudence concept: revenue and profits are included in the balance sheet only when they are realized(or there is reasonable ’certainty ’ of realizing them) butliabilities are included when there is a reasonable ’possibility ’ of incurring them. Also called conservation concept. Du Pont analysis A type of analysis that examines a company ’s Return on Equity (ROE) by breaking it into three main components:profit margin‚ asset turnover and leverage factor. By breaking the ROE into
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descriptive content analysis of selected advertisements from two different magazines published in February 2014 using the nine creative concepts as main emphasis. 2 RESEARCH CRITERIA The main research problem deals with the use of creative concepts in advertisements which are a mass media issue. The main research problems deal with the use of creative concepts in advertisements which are a mass media issue. The
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Peer-Reviewed Concept Analysis Article Grand Canyon University Theoretical Foundations for Nursing Roles and Practice: NUR-502 July 24‚ 2013 Peer-Reviewed Concept Analysis Article Woman-centered care in childbirth is the process in which a woman can make choices‚ be involved in‚ and has control over her care and relationship with her physician or midwife (Maputle & Donavon‚ 2013). Woman-centered care is a philosophy of care which gives priority to the wishes and needs of the female
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CONCEPT PAPER A Concept Paper is about the in-depth analysis regarding an intangible thought‚ theory‚ or idea. The goal of writing a concept paper is to explain a particular idea to the audience or readers objectively. Whenever an idea has to be explained‚ a concept paper is needed. If the audience has no knowledge about the topic‚ your job should inform them. If your audience has some knowledge‚ your job is to add new things or new idea about the topic. A concept paper is prepared as a prelude
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expected to memorize the information‚ this is known as the banking concept. If the students only memorize the information‚ are they even learning what the information truly means or are they just memorizing the information long enough to take a test? The "Banking" Concept of Education is not only ineffective but also contributes to students suffering with the inability to think for themselves and creatively. In his essay‚ The "Banking" Concept of Education‚ Paulo Freire basically states that education is
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The concept of nature in English and Kazakh literature The content: 1. Introduction Chapter 1. Concept- a notion or statement of an idea 2.1 A concept is a fundamental category of existence. 2.2 Сoncepts as mandated by a particular mental theory about the state of the world. 2.3 A concept is a common feature or characteristic 2.4 The notion of sense as identical to the notion of concept 1. A general idea derived or inferred
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Self-concept emerges as a child develops an increasingly rich concept of him or herself‚ separating the notion of "I" from other people and objects. In addition to he concept of "I" a child develops a separate notion of "Me" which has certain defining features and qualities. William James defined "Me" as one that is observed and perceived. "It is the Me that one sees when attention is focused on the self‚ the Me as an object‚ represented in self-concepts‚ in how we see ourselves." The notion of
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Design concepts in architecture: the porosity paradigm Sotirios D. Kotsopoulos 129 Franklin Street‚ # 203‚ Cambridge‚ Massachusetts 02139‚ USA; e-mail: skots@alum.mit.edu Abstract: Presented is a paradigm of how a design concept can be converted into a system of production rules to generate designs. The rules are expressed by the means of shape grammar formalism. The paradigm demonstrates how porosity a concept transferred from biology‚ medicine and organic chemistry was implemented by architect
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