Exposure Draft 242: Leases Introduction The Exposure Draft (ED) on leases is dissected to prove its ability to provide useful information to the user. This essay will firstly describe the objectives and the three key issues‚ which are lessee accounting‚ presentation of statements and disclosure. Secondly‚ it will analyse how the changes in new ED affect users and provides useful information in terms of those three issues. Lastly‚ a conclusion will be drawn to summarise and restate the topics. Objectives
Premium Balance sheet International Financial Reporting Standards Asset
The Law on Leases from a Legal Concept of “Property” Property in the legal sense is a collection of legal rights over a “thing”. This thing is a relationship that can be described as a power relationship within “real property” concerning legal rights and interests in land. Though the legal concept of property is very much broad and covers many types of proprietary rights‚ which are ‘interests in land’1‚ this essay will focus narrowly on the leasehold estate within the concept of property as a whole
Premium Renting Real estate Law
1) What is Blockbuster’s amortization timetable? Do you think it is appropriate? Blockbuster’s amortization timetable is 40 years. This is not the industry standard and should be 5-7 years. 2) What would be the impact on Blockbuster’s 1988 earnings per share if 5 year amortization were applied to this goodwill? If the 5-year amortization were applied instead of the 40-year timetable‚ the company would have to recognize the goodwill in larger amounts‚ which would increase their tax liability. 3)
Premium Depreciation
to emphasize the payment. When this happens the lender focuses on a numerical monthly payment that you are able to afford. The down side to this car salesmen like approach‚ is that the details of the monthly payment can be skewed to hurt you down the road in the future while appearing like a good deal in the near future. Another predatory practice is called ballooned loans. This type of lending gives the borrower a small monthly payment only covering interest. The last payment covers the principal
Premium Predatory lending Debt Loan
ALTERNATIVE MINIMUM TAX ALTERNATIVE MINIMUM TAX The alternative minimum tax (AMT) is an income tax imposed by the United States federal government on individuals‚ corporations‚ estates and trusts. AMT is imposed at a nearly flat rate on the adjusted amount of taxable income above a certain threshold (also known as exemption). Note that this exemption is substantially higher than the exemption from regular income tax. Regular income tax is adjusted
Premium Taxation in the United States Taxation Tax
The Clan of the Cave Bear Many people are familiar with the ancient picture of cave-dwellers being the hairy‚ gruff bully of a man‚ dressed in animal skins‚ club in hand as he drags a female back to his cave. This drastic picture is not what one would get while reading Clan of the Cave Bear. The tale is a little more picturesque‚ but equally cruel‚ nonetheless; when it comes to the role of male versus female. Beatings‚ rape and humiliation are just a few of the brutalities dealt out to the females
Premium Bear Dog Arctic
Big data‚ Big rewards 1.Describe the kinds of big data collected by the organizations described in this case. There are mainly three kinds of big data collected by the organizations described in this case. First‚ IBM Bigsheets help the British Library to handle with huge quantities of data and extract the useful knowledge. Second‚ State and federal law enforcement agencies are analyzing big data to discover hidden patterns in criminal activity. The Real Time Crime Center data warehouse contains
Premium Crime Law enforcement agency Business intelligence
Touching Spirit Bear By Daria Cheremushkina Who is Cole Mathews? Cole Mathews is the main character in the book “Touching Spirit Bear” by Ben Mikaelsen. In characteristics Cole is angry young man who wants to get attention from his divorced parents. Cole has a warm heart inside but because of his parents and some problems such as not having friends and not having the place where you feel comfortable. He is very cold to everyone until he learns new lessons on the island. The island for him is
Premium Anger
The Right to Bear Arms Introduction The Second Amendment to the United States Constitution reads‚ "A well regulated Militia‚ being necessary to the security of a free State‚ the right of the people to keep and bear Arms‚ shall not be infringed." ("Second Amendment to the United States Constitution"). Today‚ the interpretation of the amendment has polarized the American people among two different views (Greenslade‚ 2004). Those opposed to private ownership of firearms agrue that there
Premium United States Constitution Second Amendment to the United States Constitution United States Bill of Rights
s E-payments Grand tour question: How does e-payment differ from traditional payment? Does e-payment create new benefits and risks to businesses‚ if so‚ what are they? Tutorial Brief (all BEFORE tutorial) 1. Snapper card has been promoted in NZ as a continent way to pay transit fares‚ as well as to make retail purchases. With the knowledge learned from chapter 10 and your own personal experience‚ briefly describe what sorts of problems would the card provider encounter in setting up the
Premium Public transport Taxicab Debit card