Does Fair Value Accounting for Non-Financial Assets Pass the Market Test? Hans B. Christensen and Valeri V. Nikolaev The University of Chicago Booth School of Business 5807 South Woodlawn Avenue Chicago‚ IL 60637 Abstract: The choice between fair value and historical cost accounting is the subject of longstanding controversy among accounting academics and regulators. Nevertheless‚ the market based evidence on this subject is very limited. We study the choice of fair value versus historical
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ANSWER TO QUESTION 1: Is it important for coffee marketers such as Starbucks‚ Krafts and Nestle to create “ethical supply chains”? Why? Ethical supply chain means that companies undertakes the responsibility of managing and monitoring social/economical and environmental performances and issues in their supply chains especially at the lower end i.e. the primary producers ( coffee farmers). Yes‚ it is important for coffee marketer to create ethical supply chains. Starbucks‚ Kraft‚ Nestle and
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Lit Review: Child Labor In Cocoa Production and Fair Trade Chocolate By Sarah Kopperl Introduction: I have always had a love affair with chocolate. When I was little I thought the best job in the world would be to be a chocolatier‚ and have my own candy shop. I often visited Hershey P.A. and went to Hershey World‚ never wondering why they didn’t tell us much about how the cocoa was grown and harvested‚ only looking forward to the chocolate bar at the end of the “How Chocolate is Made” ride
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Part One: The ethical issue of Fair Trade coffee We all know that coffee is something essential in our daily and maybe we all used to have one of them when it is needed‚ but only a few of us know the trading process of coffee and how does it travel from the coffee tree to our paper cup. The article is mainly about the unfair trading in the coffee trading process and provided a idea called Fair Trade coffee‚ but even the Fair trade have some ethical issues. Because there is too many stages in coffee
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Science Fair Project 2014-2015 Choosing a Project The most important part of the project is to choose a topic that is interesting to the student. There are many books and internet sources to help students with project selection. The website sciencebuddies.org‚ has an excellent Science Fair Project section. The students are also encouraged to choose a project and modify it slightly or think of one of their own. When choosing a project the student must also consider the feasibility of the experiment
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Trade Fairs and Exhibitions and their economic impact on companies and countries What are Trade Fairs? A trade fair is also known as a trade show/trade exhibition/expo. The name may vary but the basic function of the activity represents a major industry marketing event. They are organized so that companies in a specific industry can showcase and demonstrate their latest products‚ service‚ study activities of rivals and examine recent market trends and opportunities. In contrast to consumer fairs
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Here’s where the trouble begins. The Fair Trade Foundation doesn’t actually monitor how much a retailer profits from the good being sold. Estimations from the states say that retailer are getting around $5 per lb extra with the producer only getting 2% of that. A similar story comes out of the UK with producers only getting between 1.6 to 18% of the profits. So whilst it is all well and good that the Fair Trade farmers are getting some financial reward and stability‚ it
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Vanity Fair‚ an English novel written by William Makepeace Thackeray (United Kingdom: Punch Magazine‚ January 1847 - July 1948)‚ epitomizes the early 19th century of British society of the duplicity of social climbers‚ sabotages‚ avarices‚ lovelessness‚ pretentiousness‚ selfishness. It‚ at the same time‚ captures mix pack of emotion of people who have their origin and counterpart in society as a whole. Furthermore‚ it is a satirical exposé of William’s masterpiece which exposes every chunk of the
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European Accounting Review Vol. 19‚ No. 3‚ 461– 493‚ 2010 Fair Value or Cost Model? Drivers of Choice for IAS 40 in the Real Estate Industry A. QUAGLI∗ and F. AVALLONE∗∗ ∗ Department of Accounting and Business Studies (DITEA)‚ University of Genova‚ Genova‚ Italy and ∗ ∗ Department of Computer and Management Science (DISA)‚ University of Trento‚ Trento‚ Italy (Received September 2008; accepted February 2010) ABSTRACT The IFRS mandatory adoption in European countries is an excellent
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My Fair Lady and Pygmalion: Connections and Contrasts Through the years‚ countless film directors have adapted and recreated various novels and plays to make them ideal for the big-screen. In many cases‚ directors strive to keep their screenplay adaptations true to the original literature; however‚ viewers often find contrasts in certain areas of the film. George Bernard Shaw‚ author of the play Pygmalion‚ who had passed away prior to the production of My Fair Lady in 1964‚ therefore‚ he
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