PRIVATE SECTOR VS PUBLIC SECTOR ACCOUNTING STANDARD 1. INTRODUCTION The global financial crisis has demonstrated that the public sector as well as the private sector needs the highest quality accounting standards. Around the world‚ accounting in the public sector is practiced in diverse ways and struggles to achieve comparable standard in accountability and transparency. The Securities Act of 1933 gave the commission the authority to prescribe accounting standards to be followed by the companies
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My cultural background includes Jamaica. Jamaica is located in the Caribbean and is part of North America. On average‚ the temperature is between 80 to 90 degrees Fahrenheit. Nights are colder than the days‚ and the mountain areas are colder than the lower land throughout the year. One of the colder mountain areas is the Blue Mountain Range since it is the tallest mountain on the island. When it rains in Jamaica‚ it rains for short periods of time‚ and the rainfall is light. People in Jamaica wear
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SECTORS OF ECONOMY The three-sector theory is an economictheory which divides economies into three sectors of activity: extraction of raw materials (primary)‚ manufacturing (secondary)‚ and services (tertiary). It was developed by Colin Clark and Jean Fourastié. According to the theory‚ the main focus of aneconomy’s activity shifts from the primary‚ through the secondary and finally to the tertiary sector. Fourastié saw the process as essentially positive‚ and in The Great Hope of the Twentieth
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LENDING TO PRIORITY SECTOR At a meeting of the National Credit Council held in July 1968‚ it was emphasised that commercial banks should increase their involvement in the financing of priority sectors‚ viz.‚ agriculture and small scale industries. The description of the priority sectors was later formalised in 1972 on the basis of the report submitted by the Informal Study Group on Statistics relating to advances to the Priority Sectors constituted by the Reserve Bank in May 1971. On the basis
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Executive summary The Indian FMCG sector is the fourth largest sector in the economy with a total market size in excess of US$ 13.1 billion. FMCG market is expected to rise to 33.4 Billion US$ till 2015. This report starts with a brief introduction of FMCG market along with industry Overview. It further state why FMCG sector us analyzed and why India. in this report three FMCG company “ HUL‚ Nestle India ‚ and ITC” is analyzed there history their shareholding pattern with their product is being
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Education Sector In a globalized economy with a high degree of competition among countries‚ the success of a nation depends on the educational level of its workforce. Technology has rapidly transformed education by extending learning space beyond the four wall of a classroom. Even though school plays the main role of education‚ technology offers verities of opportunities to learn more. Such as‚ Distance learning‚ online learning communities and access to vast resources and databases‚ etc. with the
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retailers‚ branded manufacturers and branded marketers which usually operate in labor-intensive consumer goods industries (e.g. footwear‚ toys‚ and consumer electronics) play key parts in setting up decentralised production networks in a variety of exporting countries. In producer-driven commodity chains‚ however‚ large manufacturers usually operating in capital and technology-intensive industries (e.g. automobiles‚ aircraft‚ and computers) play pivotal roles in managing production networks‚ usually in
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Title- Research the industrial sectors local and National changes in the industry M2 Primary Sector Changes The figure of individuals employed in the primary sector has dropped from 1‚127‚000 people in 1878 to 422‚000 people in 2008. This is meant that fall of 705‚000 people that makes rate of 63%. Furthermore the work role likes fishing‚ forestry‚ hunting has gone down to 449‚000 people in 1978 to 250‚000 in 2008‚ this make rate of 44%. There so many jobs fell because there are smaller amount
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Period 3 March 20‚ 2013 CBA final draft The Civil War Until this day people sill debate about what the main cause of the civil war was. The civil war was a war fought between the Northern and Southern states of the U.S. It was a battle about disagreements between the north and south states that took place all over the U.S. Many of the battles took place from the Mississippi river to the eastern shore. Probably the most gruesome battle of this war was the battle of Gettysburg. Out of the 2
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yahoo.comWP/04/64 Overview of the Indian Corporate Sector: 1989–2002 Petia Topalova © 2004 International Monetary Fund WP/04/64 IMF Working Paper Asia and Pacific Department Overview of the Indian Corporate Sector: 1989–2002 Prepared by Petia Topalova1 Authorized for distribution by Kalpana Kochhar April 2004 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily
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