Exposure Draft Accounting Standard (AS) 10 (revised) Tangible Fixed Assets (Last date for Comments: February 28‚ 2006) The Institute of Chartered Accountants of India Issued by Accounting Standards Board Exposure Draft Revised AS 10‚ Tangible Fixed Assets Contents INVITATION TO COMMENT [Exposure Draft] Accounting Standard AS 10 (revised) Pages 4-5 Tangible Fixed Assets OBJECTIVE SCOPE DEFINITIONS RECOGNITION Initial Costs Subsequent Costs MEASUREMENT AT RECOGNITION Elements
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The International Accounting Standard Committee (IASC) came into existence on June 29 1973 when sixteen accounting bodies from nine nations (designated as founder members) signed the agreement and constitution for its formation with headquarters at London. The objective of the committee is "to formulate and publish in the public interest standards to be observed in the presentation of audited financial statements and to promote their worldwide acceptance and observance". This would
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------------------------------------------------- The differences between public and private accounting In order to understand the difference between public and private accounting‚ we must first understand what accounting is. Accounting is simply an information system used to identify and communicate financial information to users of that information. Accurate‚ reliable and pertinent information is extremely important in evaluating a company’s financial position in order to attract investments
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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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309 Accounting Standard (AS) 17 (issued 2000) Segment Reporting Contents OBJECTIVE SCOPE DEFINITIONS IDENTIFYING REPORTABLE SEGMENTS Primary and Secondary Segment Reporting Formats Business and Geographical Segments Reportable Segments SEGMENT ACCOUNTING POLICIES DISCLOSURE Primary Reporting Format Secondary Segment Information Illustrative Segment Disclosures Other Disclosures APPENDICES The following Accounting Standards Interpretations (ASIs) relate to AS 17: Revised ASI 20 - Disclosure
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the team. Participative management is the opposite of the autocratic leadership style. It involves all employees in the management process and decision making by having managers set policies to move the group towards consensus and make key decisions based upon the advice and ideas of subordinates. This method provides management with more information from the front line and motivates the workers as they have some control of the decisions. This involves patience on the part of management. The style of
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want to get information about the school‚ the facilities and the faculty. It will also showcase the honors‚ achievements‚ and excellent curriculum to ensure that only the best is offered to the students. Moreover‚ this website will serve as a link between the school and alumni who are in other parts of the country and globally as well. Target Users and Beneficiaries : The proposed system will benefit the entire Blessed Elena Academy community‚ who will have easier access to the school. Other
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There are two ethical theories that will be applied Kantianism and Rule Utilitarianism. Kantianism is an ethical theory where it states that it does not treat people as a means to an end. Rule Utilitarianism states that it is ethical if the moral rules are applied universally and that is has to look at all the actions to find which results can have the greatest amount of happiness or unhappiness (Quinn‚ 2013). Under Kantianism and Rule Utilitarianism is it ethical?
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• Case 1-3 Politicalization of Accounting Standards Some accountants have said that politicalization in the development and acceptance of generally accepted accounting principles (i.e.‚ standard setting) is taking place. Some use the term politicalization in a narrow sense to mean the infl uence by governmental agencies‚ particularly the SEC‚ on the development of generally accepted accounting principles. Others use it more broadly to mean the compromising that takes place in bodies responsible
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This is where strategies of accounting come to play. A very successful method is Activity Based Costing. This method has continued to help companies by keeping track of their spending and figuring out ways to improve their flaws. The purpose of this essay is to give a three hundred sixty degree knowledge of ABC. Starting from an in depth description of the method‚ how it has evolved from the past and how it has provoked other alternatives to assist it. Activity based costing is a strategy used
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