I - A. " Representational faithfulness is accomplished when transactions and events affecting the entity are presented in financial statements in a manner that is in agreement with the actual underlying transactions and events" (CICA‚ Financial statement Concepts 1000.21 (a)‚ 2003). It means that all of information in the financial statement such as numbers and descriptions must be factual. The independent auditors checked the computer ID tags on each piece of equipment to confirm the actual numbers
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Papers on Risk‚ Number 39 Commodity trading at a strategic crossroad Jan Ascher Paul Laszlo Guillaume Quiviger December 2012 © Copyright 2012 McKinsey & Company 2 Contents Commodity trading at a strategic crossroad Introduction and executive summary1 Changes in global commodity trading: Three trends 2 Imperatives for commodity traders 6 Conclusion8 McKinsey Working Papers on Risk presents McKinsey’s best current thinking on risk and risk management. The papers
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Cake decorating has changed drastically from the time when it first emerged in the mid 17th century. Cake decorating may have only started a mere 4 centuries ago but it has changed in many ways whether it be the equipment‚ style‚ designs‚ or ingredients. the art of baking is believed to have started around 1175 B.C. It is believed that Babylonians taught the Egyptians the art of baking. As time went on the Egyptians started to sweeten these confections with sugar. Around 700 B.C. these confections
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Introduction Transactions are the routine day-to-day activities performed by most organisations. · some are commercial transactions (buying‚ selling products and services‚ paying bills etc) · others involve recording or retrieving data (making a booking‚ enrolling a student at university looking up results etc) Most individual transactions are relatively simple‚ but in most organisations‚ there are very large numbers of them - so speed and efficiency are important considerations. What is a TPS
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rich agricultural resource endowment‚ there has been a gradual decline in agriculture’s contributions to the nation’s economy: In the 1960s‚ agriculture accounted for 65-70% of total exports; it fell to about 40% in the 1970s‚ and crashed to less than 2% in the late 1990s. The decline in the agricultural sector was largely due to rise in crude oil revenue in the early 1970s. Usually several factors can be said to be responsible for the dismal performance of the Nigerian agricultural sector. Pre-eminent
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Adventures in Dungeon and Dragon I was 14 when I started at Colton Jr. High School in Colton‚ California. Beginning in the middle of the year probably wasn’t the best start in school for me‚ but that’s hot it was in my life--going from one school to another. I was a quiet kid‚ so I didn’t make friends very easily‚ except for one kid; buy the name of James‚ my main friend at the time. A few months into the year‚ I became bored with my spare time at school and my only outlet to curve this feeling
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Bolaven Farms’ mission statement is “Growing the finest coffee is our passion. Restoring land ownership to the joy of the farming poor is our desire”. Its main purpose is to alleviate poverty and to produce premium organic coffee. Once earning the initial investment‚ its aim to reinvest 80% of its profit for community development sort of makes it a social business. SWOT Analysis of Bolaven Farm: Strength: Cheap labor‚ business with social cause‚ premium grade coffee‚ organic certified coffee‚ 75%
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will discuss the small firm effect as an anomaly which counter-argues the efficient market hypothesis in relate to the capital assets pricing model. Furthermore‚ the supporting evidence and influence of this anomaly will be included in the essay. Moreover‚ the reason of existence and profitability will be discussed. At last‚ a conclusion about whether or not to use this anomaly earn profit will be provided. Explanation of small firm effect and its methodologies Small firm effect refers to a situation
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As an interior design student at Kingston University‚ I have gained practical skills and a heightened awareness of the made environment and how we inhabit it. The design ethos at Kingston University is summarized as ‘thinking through making’‚ which illustrates that experiencing and experimenting is the essential route to learning. We design and make cities and environments that structure our lives‚ and those of others. As Winston Churchill once stated‚ “We shape our buildings and afterwards our building
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Mirkin’s article‚ “Aurora Reyes: ataque a la maestra rural‚” was about one of the most iconic women in Mexican history. She was a very inspiring woman‚ she still found time to create her murals and fight for what she believed in all while being a single mother of two and having a job. Reyes was someone who fought for things that were dear to her such as education‚ children‚ and equality for women. I found it interesting but not surprising that her murals reflected her beliefs and illustrated the
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