A Converged Conceptual Framework In October 2004‚ the FASB and IASB added to their agendas a joint project to develop an improved‚ common conceptual framework that builds on their existing frameworks (that is‚ the IASB’s Framework for the Preparation and Presentation of Financial Statements and the FASB’s Statements of Financial Accounting Concepts). Rationale for the Project and Project Objective A conceptual framework is basically a foundation serving as a guide to standard setters to help them
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PESTEL FRAMEWORK The framework provides a comprehensive list of influences on the possible success or failure of particular strategies. Important to do PESTEL analysis whilst developing a strategy! PESTEL is an acronym which stands for; Political This highlights the role of governments. Firms will be directly affected by the actions of government and other political events. These might be major events affecting the whole of the business community or they may be actions affecting just one part of
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1--------------------------------------------------- Boston Beer‚ in response to consumers’ preference changes to more flavorful and bitter tasting brews‚ was founded in 1894. Boston Beer implements a “quality at any cost” strategy with a strong emphasis on product differentiation and implementing quality ingredients into its products. For instance‚ Boston Beer was the first company to employ a stamped freshness date on its bottles and ingredients are imported from around the world. Additionally‚ Boston Beer relies heavily on contract
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What is youth policy and how does it influence the work of youth workers? A ‘youth policy’ is the overarching framework of governmental (and sometimes non-governmental) activity directed towards young people: at‚ for and with them. (Williamson‚ 2007) The Youth Policy Framework just like all other policies contains set of documentations that provide knowledge and foundation to guide individuals
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Leadership Academy Leadership Framework A Summary © 2011 NHS Leadership Academy. All rights reserved. The Leadership Framework is published on behalf of the NHS Leadership Academy by NHS Institute for Innovation and Improvement‚ Coventry House‚ University of Warwick Campus‚ Coventry‚ CV4 7AL. Publisher: NHS Institute for Innovation and Improvement‚ Coventry House‚ University of Warwick Campus‚ Coventry‚ CV4 7AL. This publication may be reproduced and circulated free of charge for non-commercial
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Regulatory and Conceptual Framework I am going to analyse and evaluate the conceptual and regulatory framework of financial reporting. In order to do this I will look at the objective of financial statements‚ identify the users of financial statements‚ explain the conceptual framework for financial reporting‚ look at the regulatory framework for financial accounting and finally look at the three ways of achieving accounting comparability. According to IAS Plus website‚ 2011‚ the objective of financial
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Economies of scale: The increase in efficiency of production as the number of goods being produced increases. Government policies: restrictions on advertising leading to surrogate ADVT.‚ polic ies which make it difficult for expansion of companies. Access to distribution channels: cost of distribution in this industry needs to be looked at logically. If firms in this industry carries significant costs from distribution which are then reflected in their prices to customers‚ the customers
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......................................................................................... 5 The concept............................................................................................................................................... 6 De-marketing strategy and needs for its practice .................................................................................... 7 Examples ..........................................................................................................
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Ethical frameworks revolve around being a morally good person and therefore guides the way healthcare professionals treat and care for their patients. Referring to the Nursing and Midwifery Board of Australia (2013) and the Public Sector Ethics Act (2014)‚ nurses and paramedics are bound by similar ethical frameworks. These revolve around being kind and respectful to all patients‚ no discriminating or judgments for any reason‚ all patients having the right to truthful information and the right to
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Chmielaki is one of the most famous festivals of beer in Poland. Chmielaki takes place every year in Krasnystaw‚ a small picturesque town fifty kilometres south-east from Lublin. The event is held at the end of August and continued for three days. Exhibitors of beer compete for the prize of Grand Prix of Chmielaki. The concomitant circumstances are concerts‚ bungee‚ tents with gifts and snacks and of course with beer. Last two years‚ I went to see what the excitement was all about. When I arrived
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