Page1 Future Express‚ The Future Express‚ The Court of Appeal (Civil Division) 29 July 1993 Case Analysis Where Reported Case Digest [1993] 2 Lloyd’s Rep. 542 Subject: Shipping Keywords: Bills of lading; Cargo; Delivery; Insolvency Summary: Bill of lading; c & f contract; bank named as consignee; property passing separately from bill; buyer insolvent; delivery of cargo without production of bill; whether bank becoming pledgee of goods; whether bank having title to sue; whether shipowner
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profit. Income refers to the increase in economic benefit during the accounting period in the form of inflow or enhancement of assets or decrease of liabilities that result in increase in equity. There are two types of income. First‚ sales revenue refers to income earned in the course of business activity for example a coffee house selling coffees. Second‚ gain refers to income that does not arise from the
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Advancement of Accountancy Profession in Nigeria: A Collaborative Effort of Practicing Accountants and the Academia By Abubakar Salisu B. Sc‚ M.Sc‚ MBA‚ ACA‚ AMNIM Lecturer‚ Department of Accounting‚ Ahmadu Bello University‚ Zaria. ABSTRACT The Nigerian environment of accountancy profession has found it difficult to bring together accountants in the academics and in practice for the advancement of the profession. Whereas the accountants in practice are viewed as the real professional
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FUTURE TRENDS One day in the not-too-distant future‚ we will be living in an automated world that will make human life simpler. The Next-Generation home will be equipped in such a way that almost anything from lights to appliances will be control by telephone‚ infrared‚ voice‚ and remotely. The Next-Generation home will be wired to handle these simple tasks as well as controlling the thermostat on the heating/air system. Just by picking up a phone‚ you will be able to turn the exterior and interior
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Technology of the Future CIS 105 Sunday October 3‚ 2010 Technology of the Future There are numerous different technological devices in society today and countless more to come in the near future‚ but one of today’s technological devices that are used nearly every day is Medical sonography (ultrasonography/ultrasound) an ultrasound-based diagnostic imaging technique used to visualize muscles and internal organs‚ their size‚ structures and possible pathologies or lesions. (TheFreeDictionary
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“Planning for the Future through Corporate Governance” Executive Summary According to Thomas Wheelen and David Hunger (2010) a corporation is a mechanism established to allow different parties to contribute capital‚ experience‚ and labor for their mutual benefits. As the corporation develops these different parties become one under different levels of management working towards a common goal. These goals are a result of strategic planning on behalf of management and the board of directors.
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the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets‚ unadjusted rate of return or return on investment (ROI)) the average annual profit from a project‚ divided by the initial investment accumulation factor the value of (1 r)n used in present value and future value calculations activity a unit of work performed in the organisation activity-based budgeting (ABB) a process
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In the present day forensic accounting plays a huge role in many of the court cases publicized by the media. With the spotlight on the profession‚ this is a good opportunity to discuss the following topics: 1) Five skills that a forensic accountant needs to possess. 2) The role of a forensic accountant within a courtroom environment. 3) Analyze the legal responsibility a forensic accountant has while providing service to a business. 4) Examine two cases where forensic
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The role of accounting is to allow business owners to make informative decisions. The main objectives of accounting are to maintain a record of business transactions‚ calculate profit and loss and depiction of financial position. Recording business transactions accurately is essential in accounting. If proper and complete records are kept‚ it will make it easier to find and correct any errors made. Different officials can also use records for different decision-making purposes. A balance sheet
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ACCOUNTING FOR INCOME TAXES F 1. Taxable income is a tax accounting term and is also referred to as income before taxes. F 2. Pretax financial income is the amount used to compute income taxes payable. T 3. Deferred tax expense is the increase in the deferred tax liability balance from the beginning to the end of the accounting period. T 4. A deferred tax liability represents the increase in taxes payable in future years as a result of taxable temporary differences existing at the end
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