recognized for a legal or constructive obligation arising from a past event‚ if there is a probable (more likely than not) outflow of resources and the amount can be estimated reliably (IAS 37.14). In contrast‚ according to FASB ASC 450-20-25-2‚ a contingency (provision) is recognized if it is probable (likely) that a liability has been incurred and the amount is reasonably estimated. Scenario 1 (1) Under IFRSs: According to IAS 37.22‚ the contamination of the land gives rise to a legal obligation for
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Contingency Theory Management and the Modern Day Corporation Page 4 Burns & Stalker (1961) – Managing Innovative Firms 1. Before the war‚ the industry was heavily involves in contract work with the government. 2. During the 1950s‚ opportunities arose for companies to develop new products for the growing consumer market (radios‚ TV’s‚ etc). 3. Consumer markets meant higher profits and greater Risks. 4. This meant moving into a market that was uncertain‚ competitive‚ extremely risky and required
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CONTINGENCY THEORY Contingency Theory is a class of behavioral theory that claims that there is no best way to organize a corporation‚ to lead a company‚ or to make decisions. Instead‚ the optimal course of action is contingent (dependent) upon the internal and external situation. The leading practitioners of which were Tom Burns‚ Joan Woodward‚ Paul Lawrence‚ Jay Lorsch‚ and Fred Fiedler‚ an otherwise theoretically eclectic group who were nevertheless united in their belief that no single organizational
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A resort is a place used for relaxation or recreation‚ attracting visitors for holidays or vacations. Resorts are places‚ towns or sometimes commercial establishment operated by a single company. Towns which are resorts — or where tourism or vacationing is a major part of the local activity — are sometimes called resort towns. If they are by the sea they are called seaside resorts. Inland resorts include ski resorts‚ mountain resorts and spa towns. Towns such as Sochi in Russia‚ Sharm el Sheikh
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mountain stream flows down in a series of seven falls and flows through the center of the resort‚ feeding the swimming pools‚ and boating lagoon. The Mambukal Mountain Resort has many beautiful sites‚ both made by man and by Mother Nature. The Hot Springs with sulfuric soda water is one of them. Mambukal is also the home to 4‚000 fruit bats which live freely inside the resort. They say that at Mambukal Resort‚ there are already 3 endangered species of bats – the Philippine Flying Fox (Philippine Giant
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This essay sets out to show where the four popular management contingency variables of organisational size‚ routineness of task technology‚ environmental uncertainty and individual differences are reflected in the work of the manager that was interviewed. Using classical theories of Fayol‚ Mintzberg and Katz along practical examples from the managers’ day-to-day routine‚ this essay sets out to explain how these theories and functions impact upon how the manager applies the situational approach to
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2 Background Purpose ……………….……………….……………….…………………........ P.3-P.4 General Information of Resort ……………….……………….……………….……..……….. P.4 Mission Statement ……………….……………….……………….……………….……………….. P.5 Vision Statement ……………….……………….……………….……………….………………….. P.5 Resort Location ……………….……………….……………….……………….………...……. P.6-P.7 Culture & Tourism & Political in New Zealand ……………….……………… P.8-P.11 Resort Sustainability ……………….……………….……………….…………….……. P.12-P.13 Environmental‚ Economic & Social
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UNLV Theses/Dissertations/Professional Papers/Capstones 12-1-2010 A Study on eco-friendly merchandise in a resort retail environment Lindsey C. Patrick University of Nevada‚ Las Vegas Repository Citation Patrick‚ Lindsey C.‚ "A Study on eco-friendly merchandise in a resort retail environment" (2010). UNLV Theses/Dissertations/ Professional Papers/Capstones. Paper 723. http://digitalcommons.library.unlv.edu/thesesdissertations/723 This Thesis is brought to you for free and open access
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Financial Contingency Planning: Sources of Funding AJS/522 May 12 2014 Adam Eaton Financial Contingency Planning: Sources of Funding California has the largest prison population in the United States and some countries around the world. For over 40 years‚ the incarceration levels have risen. The prison rates have risen 700 percent since 1970‚ today it is estimated that one in 100 adults are incarcerated. Who pays the bill for this large increase‚ tax payers have and will continue until the
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The Operation of Accredited Resort in Nasugbu Batangas Resorts are classified in different categories based on the services that they offer accredited by the Department of Tourism in the Philippines. Accreditation is a certification issued by the Department of Tourism that the standards in the operation of the establishment concerned to ensure safety‚ comfort and convenience of tourist. A first class municipality of the province of Batangas‚ Nasugbu is a short distance (about 70 kms) from the
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