To: Controller of LOI‚ Files From: Accounting Class Re: Recognition of Asset Retirement Obligations for Lack of Information Date: June 2‚ 2014 Background Lack of Information (LOI) owns and operates 50 warehouses throughout the country. As part of LOI’s efforts to identify potential asset retirement obligations‚ LOI’s internal audit group held interviews with all 50 of the warehouse managers and also performed site visits at each of the 50 locations. The related findings of the interviews and
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represents organization‚ discipline‚ and control. Accountability becomes an obligation when you join the Army‚ it benefits every party involved. The importance of obligation with the Army. Your obligations given to you as a soldier are there to help you perform your duties‚ much like guidelines to success. Obligations within a workplace are there to benefit those associated within the environment‚ in this scenario obligation to report our location and actions being taken were there to help our leaders
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entities and their officers to understand and comply with their continuous disclosure obligations under the Listing Rules. Nothing in this guide necessarily binds ASX in the application of the Listing Rules in a particular case. In issuing this guide‚ ASX is not providing legal advice. Listed entities and their officers should obtain their own advice from a qualified professional person in respect of their obligations. ASX may withdraw or replace this guide at any time without further notice to any person
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A Collateralized Debt Obligation or CDO is (according to The Big Short) a lumping together of many different loans into one big loan. And the market crashed in 2008 primarily because many of these CDOs were full of loans that should have been rated poorly‚ but due to a combination of greed‚ stupidity‚ and fear‚ the CDOs were rated at the highest possible rating‚ a AAA. Think of The Big Short as a CDO. It is a mixture of ideas from lots of better movies‚ all lumped together‚ and it desperately wants
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March 29‚ 2011 An Obligation Is Not A Choice What defines an obligation? Is it defined as something that one has to do because it is necessary for their living or is it something that one has to do because someone says they have to? I would define an obligation as something that one has to do because it is necessary for their living. What I do not understand is how one person can dodge their obligations. I see people choose to live a life where their obligations are pushed aside as if
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OBLIGATIONS From latin words‚ obligatio/obligare – “to tie” or “to bind” Juridical necessity – enforceable to courts 1) CIVIL (positive) and Natural 2) REQUISITES OF OBLIGATION a) Active – creditor / obligee – has the right b) Passive – debtor / obligor – has the duty c) Prestation – object / subject matter c.i) Obligation to give (Real Obligation) (c.i.1) Determinate Thing – res perit domino – thing perishes with the owner (c.i.1.a) Standard care – diligence of a good father / if the
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costs are recognized as liabilities under Issue 94-3 even though some of those items might not meet the definition of a liability. 112. To reduce inconsistencies in accounting for obligations associated with disposal activities and address concerns raised by constituents‚ the Board decided to include certain obligations associated with a disposal activity in the scope of this Statement and reconsider the guidance in Issue 94-3. Disposal activities covered by this Statement are those that arise from
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Kennedy‚ our thirty-fifth President. Personal freedoms‚ along with democracy and other American traditions‚ require more than just knowledge of the latter. Freedom is not free; every person who calls themself an “American” should‚ and have‚ an obligation to reciprocate a small portion of themself back to society. American individualism‚ although one of our greatest and defining traits‚ has progressively helped to shadow our image of civic duty and what it means to be an American: free. In America
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Relationship between agent and principal The relationship between agent and principal is a contractual one‚ where the agent is able to make binding contracts between his principal and a third party (without the agent himself becoming a party) An agent’s obligations are‚ among others:- a) To carry out the principal’s lawful instructions‚ b) To act in good faith and for principal’s benefit c) To act in agent’s personal capacity (no delegation) d) To act with reasonable care and skill‚ expected
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confidential. When attending a meeting at school and your going to be told about confidential items‚ you should let them know about your obligations. In most cases parental consent will be needed before such information is shared with other professionals. If theres is issues regarding a child who you think maybe at risk from harm or abuse‚ or there is a legal obligation on the school to disclose the information‚ this information must be shared with your line manage‚ or the SENCO if the child has special
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