Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the identifiable assets
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SECTOR ANALYSIS BANKING SECTOR IN INDIA • SUMMARY GROWING LENDING AND DEPOSIT: Total lending and deposits have increased at CAGR of 22.8 per cent and 21.2 per cent‚ respectively‚ during FY06-13 • HIGHER ATM PENETRATION: Total number of ATMs in India have increased to 1‚04‚500 in 2012 and is further expected to double over the next two years • RISING RURAL PENETRATION: With the help of Financial Inclusion Plan (FY10-13)‚ the banking connectivity in India increased more than threefold to
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Nuts & Bolts of a Business Plan A sneak-peak into what goes in a B Plan Contents DEVELOPING A CONCEPT FOR THE RETAIL VENTURE.............................................................................3 THE “QUICK SCREEN” ..........................................................................................................................4 PREPARING A BUSINESS PLAN .............................................................................................................5 Environmental
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Role of It in Banking Sector Summary: The article presents a study which aims to analyze the role of information technology (IT) in the banking industry. Based on the article‚ technological innovations have enabled the industry to open up efficient delivery channels. It is said that IT has helped the banking industry to deal with the challenges the new economy poses. The study also examines the views of bank employees on the implementation of IT in banks. According to the author‚ private and
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financial accounting was done manually‚ leading to a great deal of paperwork. Currently‚ most accounting information is recorded via computers and wide area networks (Journal of Accountancy‚ 1994a). Technology has certainly changed the face of accounting over the years. While it is unclear whether technology’s impact on accounting has been positive or negative‚ it is clear that technology has drastically changed the accounting profession. Often a technological advance may be an asset to a business‚ but
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of the times‚ people find it difficult to understand the various accounting Concepts. In this coursework‚ I shall analyze these concepts and explain them. First of all I shall discuss the materiality concept. WHAT IS MATERIALITY? Authoritative accounting bodies in the USA such as Financial Accounting Standard Board (FASB)‚ Securities and Exchange Commission (SEC)‚ General Accounting Office (GAO)‚ American Institute of Certified Public Accountants
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may recommend that Jennifer instead take a competency-based approach which describes the job in terms of the measurable‚ observable‚ behavioral competencies that an employee doing that job must exhibit. Because competency analysis focuses more on “how” the worker meets the job’s objectives or actually accomplishes the work‚ it is more workers focused. 2.Was it practical to specify standards and procedures in the body of the job description‚ or should these be kept separately? They do not need to
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action. Based on Schon (1987) theory reflection in action is a process which allows us to reshape what we are working on‚ while we are working on it. On the other hand‚ reflecting on action and thinking back on what we have done in order to discover how our knowing in action may have contributed to an unexpected outcome. There are many types of reflective theory to reflect on action. Gibbs Model of Reflection is a common model of reflection that is used within the health professions. It consists of
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India’s financial Sector and Monetary policy Reforms—by sonam bhati Introduction The financial crisis of 2008 has exposed weakness of the financial systems not only in developed countries but also in major Emerging Market Economies (EMEs). However‚ the intensity of its spillover effects varies across countries depending upon extent of the regulatory shortcomings. While bailout packages and stimulas packages became common in advanced economies‚ the domestic financial system has been insulated
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Communicating in Groups Activity(5 points) Chapter 9 pg 298 Activity #2 Be prepared to discuss your answers to this activity in class. A failure to discuss will result in a 0 for this assignment. Make sure the work you submit is typed and stapled. Group and Individual Goals. Think about 2 groups to which you belong. 1. What are your task-related goals in each? · The two groups that I am going to speak on is my chorus group that I was a part of in high school and the basketball team that
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