national accounting standards in retail industry Evaluating International Company under Abstract This paper analyses the international firms under the national accounting standard in retail industry. The study applies two typically firms which are Woolworths from Australia and Walmart from the United States and compare the two firms in 4 perspectives. Firstly‚ the different in recognition of intangible assets‚ revenue‚ tax‚ inventory under IFRS (Aus) and U.S.GAAP. Secondly‚ describe
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When it comes to legal termination of an employee the Fair Labor Standards Act (FLSA) has no legal requirements for prior notice to an employee regarding the termination of his or her job (Mullin‚ 2002). The legal requirements in layoff situations are detailed in the Worker Adjustment and Retraining Notification Act (the WARN Act). Generally‚ the WARN Act requires that a covered employer provide 60 days’ notice of a plant closing or mass layoff (Mullin‚ 2002). This act is designed to provide
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value’ and ‘purchasing power’. It finds that a dÏn¥r was worth 261 to 293 thousand riyals or USD 32.5-36.5. I. Introduction Money has long been a medium of exchange‚ a standard of payment‚ the unit of account and a store of value. The currencies in ancient time were metal coins‚ particularly gold and silver. The dÏn¥r (gold) was the currency unit in the Byzantine empire‚ and the dirham (silver) in the Persian empire before Islam. A few decades after the conquest of these empires‚ the Islamic state
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Solutions Guide: Please reword the answers to essay type parts so as to guarantee that your answer is an original. Do not submit as is Case 1-4 Generally Accepted Accounting Principles At the completion of the Darby Department Store audit‚ the president asks about the meaning of the phrase “in conformity with generally accepted accounting principles‚” which appears in your audit report on the management’s financial statements. He observes that the meaning of the phrase must include more than
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Barrick Resources Corporation : Managing Gold Price Risk 1. In the absence of a hedging program using financial instruments‚ how sensitive would Barrick stock be to gold price changes? For every 1% change in gold prices‚ how might its stock be affected? How could the firm manage its gold price exposure without the use of financial contracts? Particulars for yr 1992($ million) | | Pretax earnings (Exhibit 2) | 223 | Reductions in earning of gold sold at spot (1280mn oz x (422-345) (Exhibit
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special fondness for them because precious metals and gemstones have enabled them to survive hard times most especially when the super power waged their wars on our shores. Another reason for this is the presence of many gold deposits and mines in our country. PLATINUM Platinum is a grayish white metallic element that is soft‚ dense‚ very ductile and malleable with a high tensile strength. It has been used in jewelry‚ dentistry‚ Xray equipment
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Gold Report - 2 Multi Commodity Exchange Multi Commodity Exchange of India Ltd. Malkani Chambers‚ 1st floor‚ Off. Nehru Road‚ Vile Parle (East)‚ Mumbai – 400 099 Tel. No.: 022 – 2616 4146 Fax No.: 022 – 2611 8195 Web: www.mcxindia.com email: info@mcxindia.com Gold Study Gold Production Through History All the gold ever mined would easily fit under the Eiffel Tower‚ forming a cube of nearly 19 m each side! In the last 6‚000 years a little over125‚000 tonnes of gold has been mined. But
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////////////////////////////////////////////////////// Welcome to Megaluxe hotels ! • • • Every modern convenience Splendid views of the city Elegance‚ luxury‚ relaxation Room Rates Format Arrangement Rate per night Platinum Suite Suite $4‚000 per night Gold Standard Double room $1‚000 per night Executive Standard Double room $850 per night /////////////////////////////////////////// You are directors of Megaluxe. These are the points you will need to negotiate‚ together with your negotiating oosition on each one. • Negotiating
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| |Submitted By: Amit Goel | | | |Word Count ’’ 1724 words | Industry Overview: i. India is the largest consumer of gold in the world to be followed by China and Japan. India is emerging as world’s largest trading centre of this commodity with a target of US$ 16 bn. set for 2010. ii. Placed against targets to achieve 65 percent of the international market by 2010
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its borders and the privatization of many infrastructure industries such as transportation and communication. This paper addresses the adoption and applicability of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS)‚ issued by the International Accounting Standards Board (IASB) to India.3 Specifically‚ the paper highlights some major areas where the country lacked harmonization with IAS in 1993 and the rapid congruence with IAS in the decade that followed
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