“private company GAAP.” Summarize the interaction between this group and FASB in addition to arguments for and against the new group | The Financial Accounting Foundation (FAF)‚ in May of 2012‚ has established The Private Company Council (PCC) to serve as the primary advisory body to the Financial Accounting Standards Board (FASB) for private company matters. Using the U.S. Generally Accepted Accounting Principles (U.S. GAAP) as a guide‚ the PCC will recommend modifications to FASB to create
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“MARRIAGE IS A PRIVATE AFFAIR” by Chinua Achebe Cultural‚ gender‚ religious and racial peculiarities can either impede or enhance effective human communication and understanding. According to Chinua Achebe‚ “Marriage is a Private Affair”. We may ask what is marriage? It may be defined in many ways Prof. Makoine in his guideline sheet defines it interactively as “wedlock/ relationship in which two people have pledged themselves to each other as husband and wife with or without legal sanction
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Compare and contrast public goods‚ private goods‚ common resources‚ and natural monopolies Public goods is a product that an individual can consume without decreasing its accessibility to another individual and without segregation. Economists refer to public goods as "non-rivalrous" and "non-excludable". National defense‚ sewer systems‚ public parks and basic television and radio broadcasts all fall into consideration for public goods. One problem with public goods is the free-rider problem that
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By – Kajol Vaswani Business Project Private Limited Companies A private limited company is a voluntary association of not less than two and not more than fifty members‚ whose liability is limited‚ the transfer of whose shares is limited to its members and who is not allowed to invite the general public to subscribe to its shares or debentures. Ownership Control Ownership of a company rests with the shareholders. One share equals one vote‚ which implies an equal share in the profit
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The Private Prison Industry Taylor Sourie 2/23/2012 On the surface‚ the private prison industry seems like a great idea. Advocates for private prisons argue that the use of these facilities can free up space in poorly funded state prisons‚ cost less to operate‚ and still hold the security and safety of inmates and staff at top priority. Unfortunately‚ that’s not how it usually works out. Large corporations like Corrections Corporation of America (CCA) ‚ are looking to make a profit at the end
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Characteristics of a private sector? 1.these businesses are owned by ordinary people 2.get loans from the commercial banks and savings 3.maximizes profit 4.import and export goods for public 5.provide both goods and services. From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search Public services is a term usually used to mean services provided by government to its citizens‚ either directly (through the public sector) or by financing private provision of services. The term
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because public jails cannot handle the number of prisoners. The main reason I support prison privatization is because they reduce taxes. First‚ since they are not part of the government’s property citizens don’t have to pay for them to operate and more money could be used to build other things such as schools and hospitals. Secondly‚ these prisons also usually operate as efficiently as the state’s jails and have lower costs per prisoner. Thirdly‚ they create competition and motivate public prisons
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The National Health Service (NHS) is a state run entity set up by the Labour government after 1948 as part of the welfare state. It was originally run by local authorities with funding from public money allocated by central government. Though in recent years this money has been moving to the private sector and many have speculated that this is privatisation by stealth. In this essay I will attempt to understand this process by giving some historical context to the events of the last few decades while
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Advantages of a Public Limited Company (Plc) Tesco is a public limited company (plc). A lot of big companies go public. This is because unlike a private limited‚ a plc is able to advertise the sale of shares and sell them to members of the general public though the stock exchange. Advantages of a Public Limited Company (Plc) · Shares can be advertised · Shares can be sold through the stock exchange · Large plc’s may find it easier to borrow from banks · Shareholders
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RESEARCH PROPOSAL ON A COMPARATIVE STUDY ON MARKETING OF FINANCIAL SERVICES IN PUBLIC AND PRIVATE SECTOR COMMERCIAL BANKS INTRODUCTION Marketing as a concept was generally associated with tangible goods like consumer and manufactured goods. Gradually the principles of marketing were applied to businesses intangible goods also like financial services. Banks as providers of financial services had a monopoly in providing service to customers‚ in the early years of banking business. Even though
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