Name: Course: Tutor: Date: Inflation is the continuous increase in the general price levels of commodities in the economy over a period. It is identified with the market fall of the value of money in a particular economy. This recurring price increase erodes the purchasing power of money creating economic distortions and uncertainty. Inflation may also be described as a sudden increase in supply of money in a given economy. This results to each unit of currency buying fewer commodities thus
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Intangibles and Impairment of Assets Learn | Consult | Research Intangibles • Identifiable non-monetary asset without physical substance • IAS 38 prescribes special criteria for an asset to be recognized as intangible asset • Tangible or intangible must meet the criteria of asset to be recognized – Controlled by entity as a result of past event – Probable future economic inflow (revenue or cost saving) Recognition • Must meet the definition of asset • Must meet criteria set by IAS
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Culture USA The culture of the United States is a Western culture originally influenced by European cultures. It has been developing since long before the United States became a country with its own unique social and cultural characteristics such as dialect‚ music‚ arts‚ social habits‚ cuisine‚ and folklore. Today‚ the United States of America is an ethnically and racially diverse country as a result of large-scale immigration from many different countries throughout its history. American culture
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Culture literal meaning is what how you cultivate or build oneself. Cult or build in multi-directionally i.e in ethically socially even in all aspects of that lead human development. Every culture is enriched with some good and bad features. Indian culture is rich and diverse and as a result unique in its very own way. Our manners‚ way of communicating with one another‚ etc are one of the important components of our culture. Even though we have accepted modern means of living‚ improved our lifestyle
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position at the end of that period - Limited liability companies are required by law to prepare and publish them - IFRS are issued by International Accounting Standards Board (IASB) - IAS 1 Presentation of Financial Statements: requires them to present fairly (representing faithfully the effects of transactions) the financial position and performance of an entity. - departures from IFRS only allowed: extremely rare cases where compliance misleading 2 Purpose and use of financial statements Used
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Pizza USA must develop a consistent and effective pizza delivery service that will potentially increase pizza sales. It needs to create a unique and differentiated delivery service that will build and increase customer loyalty. Furthermore‚ it must design ways and processes that will address certain customer demands. Requirements: Make a list of pizza delivery attributes that are important to you as a customer. Combine your list with the lists of a few other class members and categorize
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THE ROLE OF AN ACCOUNTANT IN THE IMPLEMENTATION OF IFRS It is often said that an organization without an accountant is not a serious organization as it has no credibility. This is because the accountant is seen as the financial “gatekeeper” whose presence within an establishment underlines a commitment to sound financial principles and good business values. It is known that almost all aspect of human activities have undergone changes globally as a result of improvements in hi-tech Information and
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IFRS 13 Fair Value Measurement applies to IFRSs that require or permit fair value measurements or disclosures and provides a single IFRS framework for measuring fair value and requires disclosures about fair value measurement. The Standard defines fair value on the basis of an ’exit price’ notion and uses a ’fair value hierarchy’‚ which results in a market-based‚ rather than entity-specific‚ measurement. IFRS 13 was originally issued in May 2011 and applies to annual periods beginning on or after
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American Greetings Corporation IFRS Implementation Property‚ Plant‚ and Equipment is the largest asset account for American Greetings‚ with a 2011 net balance of $241‚649‚000. American Greetings carries its property‚ plant and equipment at cost. Depreciation and amortization of buildings‚ equipment and fixtures are computed principally by the straight-line method over the useful lives of the various assets. The cost of buildings is depreciated over 40 years; computer hardware and software over
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in the United States - Religion in the Colonies - Middle Colonies. 2.4 History of Religion in the United States - Religion in a Secular State. 2.5 History of Religion in the United States - Influence of Religion United States. III Religion in the USA Chart of 313 Religions and Denominations in the United States 3.1 Religious Freedom What is meant by religious rights IV Christianity in the United States 4.1 Protestantism 4.2 Baptists 4.3 Lutheranism 4.4 Restorationism 4.5 Evangelicalism
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