IAS 36 Impairment of Assets by Claudia Mezzabotta Dottore commercialista e revisore legale in Milan‚ Italy Member of IASCF SMEIG – London (UK) Member of EFRAG SME WG – Brussels (Belgium) November 5-6‚ 2012 “International Accounting” Course MIM Course UNITN Trento - Italy Objectives of IAS 36 • To ensure that assets do not exceed their recoverable amount • To define how recoverable amount is calculated • To indicate when impairment tests need to be conducted • To prescribe
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Summary of IAS 2 IAS 2 (Inventories) (International Accounting Standard) deals with inventory and stock in trade. Summary of IAS 2 (Inventories) is provided here in order to enable students and professionals to grasp spirit of IAS 2 (Inventories) in a short span of time. We shall start with definitions as these are very frequently used in our explanation of IAS 2 (Inventories) and very important too. Inventories are assets that are: * Held for sale in the ordinary course of business * In
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Expository Essay Past and Present of Tattoos “The word tattoo reportedly is derived from the Tahitian word “tatu.” (Walker 1999 -2010 p. 1). The main idea of this paper is to identify where tattoos have gone wrong through culture over the years of mankind. By justifying the background and history of tattoos with their meaning and their original culture to help identify where society has disassociated the true meaning of cultural acceptance and gave way to fear. The earliest suggestions of
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Cyclone devastates Australia’s banana crop- Practice IA Introduction to theory: Demand and supply are basic economic theories that can help the government and producers make informed decisions like how much to produce‚ and the price they set for products. Connection to article: The recent Cyclone Larry has affected crops in Australia‚ decreasing their supply of bananas drastically‚ as well as causing a decrease in the employment of workers in the banana industry. Analysis: Demand is the curve that
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2014 Unit 3: Encountering conflict‚ Expository Essay by Tristan Parag Prompt: ‘In times of conflict people can act in extraordinary ways’ Conflict permeates every aspect of our lives‚ it is inevitable and inescapable. But It is how we choose to conduct ourselves in these times of conflict that define who we are and how we are viewed in society. "Conflict builds character. Crisis defines it.” Those were the words of Senior Master Sergeant Steven V.Thulon‚ which demonstrates how conflict can change
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Prompt: ‘Absolute Power Corrupts Absolutely’ – (Lord John E.E.D. Acton) Topic: Write an expository essay exploring how the prompt relates to the context of power and Animal Farm. Power is a reality. Almost all societies‚ developed or primitive‚ have systems of government in which authority figures direct and shape the structure of their communities. Moreover‚ these figures may be drawn to government through a genuine wish to enhance the welfare of the people‚ and assist with important public
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Folio Task 3 – Expository Writing 1. To accomplish great things‚ we must not only act‚ but also dream; not only plan‚ but also believe. Statement of explanation: This piece of writing is in the form of an expository essay. The purpose of this expository essay is to explore and discuss what it means to accomplish great things‚ and how these dreams and aspirations can be anything more than just a dream. This essay agrees with the statement that ‘to accomplish great things‚ we must not only act
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IB KYAW WAI IB1I KYAW WAI IB1I CHEMISTRY IA (2) TITRATION OF ACID & ALKALI Name: KYAW WAI Date: 5th February 2013 IA CRITERIA ASSESSED: DCP‚ MS Declaration I declare that this report I have submitted is my own original work and I have acknowledged the use of words or ideas of another person. Signature: ______________________________ Marks: ______________________________ Aim of the experiment: The aim is to determine the water of crystallization of a diprotic acid by
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Expository Essay - April Stafford Every individual is bound to encounter some sort of conflict throughout their lifetime. Conflict can be engaged in both a positive or negative way. These disputes play a great role in being human and assists individuals in developing their responses and behaviour. Such battle becomes inevitable as some individuals have their own opinions to share or impose‚ some people all over the world are discriminated due to racial differences. People brought up in an environment
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similar assets or liabilities are recognized by the lessee when the lease is classified as an operating lease. The lessee recognizes lease payments under an operating lease as an expense‚ normally on a straight-line basis over the lease term. Under IAS 17 Leases lessors are required to classify leases as finance leases or operating leases. Finance leases are defined as leases that transfer substantially all the risks and rewards incidental to ownership. All other leases are operating leases. If
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