hriffi Fair value accounting in IFRS financial statements Considerable attention is currentiy being given to the use of fair vaiues and fair value accounting in financiai statements prepared under internationai Financiai Reporting Standards. This month’s coiumn ciarifies what is meant by fair value accounting and when iFRS require or allow its use. It also identifies the circumstances in which IFRS requires the use of fair value in the application of the historical cost model. In IFRS
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1. Please discuss an example in which fair is not everybody getting the same thing‚ instead fair is everybody getting what they need in order to be successful. The perfect example that I can think of quickly from the top of my head would be the simple case scenario of glasses. For example‚ if one student needs glasses‚ does that mean that all students should wear glasses? Simple answer in this case‚ not everyone needs glasses‚ therefore not everyone would be treated equal by receiving a pair of
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In the book To Kill a Mockingbird By Harper Lee African American Tom Robinson in 1930’s society was accused or raping Mayella Ewell. This trial was a complete and utter failure‚ the jury was full of prejudice people. Only one person testified that he saw the act and that was by unreliable Bob Ewell Mayella’s father and proof that Tom was innocent yet he was still found guilty. “His left arm was fully 12 inches shorter than his right‚ and hung dead at his side. It ended in a small shriveled hand
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------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Illustrated Excel 2010 ------------------------------------------------- Unit B: independent Challenge 1 Express Oil Change Skills Save a workbook with a new name Enter numbers in cells Enter formulas Fill adjacent cells with formulas Copy cell contents Move cell contents Create formulas using the SUM function Enter text in cells
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Fair & Lovely : Redefining Beauty Faculty Contributor : Avinash G. Mulky‚ Professor Student Contributors : Ajay Jain‚ Debasish Das‚ Karthik Rangarajan‚ Praveen Singh‚ Sulakshana S It is common perception that many Indian women are partial towards fairer skin. Recently‚ noted dermatologists commented that people are now openly asking for a solution to something that has been an obsession through the ages. Equating fairness with beauty has turned out to be a key consumer insight in the case of the
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Difference between historical cost and fair value accounting In order to make the most profitable and rational decisions entity’s stakeholders have to evaluate organisation’s financial statements. Today’s world of rapidly changing prices has made it difficult to estimate what something is actually worth. Thus leading to debates at what price – historical costing price or market value – assets and liabilities should be reported. Therefore‚ before making any evaluations about reported transactions
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There is no doubt that Fair and Lovely is “doing well” financially according to the author. Controlling 50% - 70% share of the skin whitening market in India‚ with two closest competitors sharing 16% of the market. The second fastest growing brand out of 63 brands in HLL’s portfolio with a growth rate of 21.5% per year as of 2002 in a market valued at over $200 million in 2006. Ankita Rao equally acknowledged financial benefits in the skin whitening market when she said “the market-which is set to
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Project Background A friend works with HUL and in one of our conversations there was a casual reference that Fair & Lovely (F&L) as a brand is so huge for HUL‚ that it covers the entire salary cost of the company. We were intrigued by this fact. We checked the HUL annual report and collected some primary data and were surprised to see this was partially true. Employee Benefits Expenses for 2010-11 was Rs. 961.26 Cr and for 2011-12 was 1107.28 Cr. Market share of F&L is on an average
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popular plans are the fair tax and the flat tax. In this paper‚ I will talk about the features of each tax system and discuss some of the advantages and disadvantages of both proposals while concurrently comparing them to our current tax system. The flat tax charges all household incomes and corporate profits at the same flat marginal rate. The main advantages of the flat tax are its fairness‚ simplicity and potential growth. First‚ the flat tax would be perceived as fair because everybody pays
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market such as the UAE‚ patterns arise in the key demographics who buy products such as Fair and Lovely. In the case of Fair and Lovely‚ we find that the Sub continental female demographic are the most likely to buy the product as being fair is considered to be a sign of success and good health in that culture. In the same way that it is important in the Sub continental demographic‚ importance in the use of fair and Lovely can be seen to diminish in the Arabian and European demographics‚ as those cultures
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