Determination — IFRS 2009: Sparkle Company is a Nigerian diamond mining company. (Nigerian currency is the Naira (NGN).) Sparkle is a joint venture‚ 50 percent owned by Shine and 50 percent owned by Brighten. Both Shine and Brighten are U.S.-based companies with US$ functional currency. This year‚ Sparkle had several transactions with its joint venture owners and outside parties. The details of Sparkle’s transactions are as follows: Loans $1 million from Brighten. $1 million from Shine. NGN 300
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The Clash of Languages in the Italian-Canadian Novel By Licia Canton In recent years‚ ethnic minority writing has played a major Pole in shedding light on the complexity of the Canadian identity. Italian-Canadians figure among the numerous communities active on the Canadian literary scene. In the last decade in particular the Italian-Canadian literary corpus‚ which traces its development alongside the growing Italian-Canadian community‚ has seen numerous publications‚ especially novels
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International Financial Reporting Standard (IFRS) for Small to Medium-Sized Entities (SME’s) by assessing both the implications of the RDR and the IFRS for SME’s in Australia. Firstly this report will look at the SME sector and address its needs and current reporting standards. Secondly the report will examine the IFRS for SME’s set by the IASB and compare this with the AASB’s RDR. Thirdly the report will discuss what the implications of adopting either the RDR or the IFRS for SME’s in Australia and then finally
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ITALIAN STEREOTYPES Stereotypes always tend to have some truth mixed in with a few generalisations and a bit of exaggeration. Here a small list that Italians usually do in their life. The typically Italian man has dark eyes and a dark complexion‚ with black hair. He is very passionate and lazy and he works in factory or into an office. The typical Italian woman has a round shape. She is very charming and she works as housewife. The Italians usually live in flats in the city. They pay
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Italian Renaissance The Italian Renaissance began in the Middle ages in the great city’s and state’s of Italy. Italian merchants and political officials supported and appointed the great artists of the day‚ because of this the products of the Renaissance grew up inside their own walls. The most powerful city’s and state’s were Florence‚ The Papal States‚ Venice‚ and Milan. Each of these states grew up with its own distinctive character‚mostly caused by the differences between their government
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IFRS PROVISION FOR FINANCIAL INSTITUTIONS As the forces of globalization prompt more and more countries to open their doors to foreign investments and as businesses expand across borders‚ Banks recognize the benefits of having a commonly understood financial reporting framework supported by strong globally accepted accounting standards. In addition‚ the regulatory authorities namely‚ Central Bank of Nigeria and Security & Exchange Commission (CBN & SEC) have also adopted this date as the compliance
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Primo and Secondo‚ two brothers that emigrated from Italy to open an Italian restaurant in America‚ we learn a lot about the differences between Italian and Italian-American cuisine through the many obstacles they face. Primo is a gifted chef‚ a culinary genius determined not to waste his talent making routine dishes that American customers expect. Secondo is the smooth front man‚ trying to do anything to keep the restaurant financially afloat. Italian cuisine is known for its diversity throughout
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under U.S. GAAP‚ include calculations‚ etc. + Pass off to Kathy/Chelsea to talk about Need space case. * Under US GAAP ASC 840-30 it would be treated as a capital lease * Lease term is> 75% of economic life * P.V. of MLP is > 90% of FMV of leased property * Record the asset and obligation at PV of MLP (ASC 840-30-30-1) * Depreciation- ASC 840-30-35-1 (a) and (b) gives guidance on how to depreciate when ownership transfers or not Under U.S. GAAP many things
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1. Bruschetta Bruschetta is a popular menu item at many Italian restaurants which commonly served warm as an appetizer‚ snack‚ or side dish. The name comes from the Italian word bruscare‚ which means "to roast over coals. The most common form of bruschetta is the traditional tomato and basil bruschetta. Bruschetta itself‚ is actually thin slices of bread‚ which have been grilled until lightly browned‚ then rubbed with garlic and olive oil. There are as many variations on bruschetta‚ as there are
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realizable value. The IFRS accounting for inventory is generally converged with ASPE. The only difference between IFRES and ASPE in the accounting for inventory is with borrowing costs. Since some inventory products require significant manufacturing time (qualifying assets)‚ a manufacturer will finance its operating costs by borrowing money. Under ASPE we can choose to capitalize borrowing costs relating to inventory that takes substantial time to get it ready for sale. In comparison with IFRS‚ borrowing costs
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