and made up by PRINCIPLE and RULES. There are Two types of framework – 1. Conceptual: Conceptual are made up by historical practice that are done by people like- IAS‚ GAAP etc. 2. Regulatory: Regulatory are boundaries of rules and regulation like- Company law‚ National standards of accounting‚ Stock exchange regulation‚ Sometimes IAS if country adopt it etc. Usefulness and Requirement of Frameworks: 1. Framework develops over hundred years. These are the principles of established accounting practices
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separate teams of terrorists from the Middle East‚ all operating from inside the U.S. Each team had boarded an early-morning flight‚ posing as passengers‚ then forcibly commandeered the aircraft. Two fully-fueled jumbo jets‚ American Airlines Flight 11 carrying 92 persons and United Airlines Flight 175 carrying 65 persons‚ had departed Boston for Los Angeles. Both jets were diverted by the hijackers to New York City where they were piloted by the terrorists themselves into the Twin Towers of the World
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September 11‚ 2001 was a day that will forever reside in the collective memory of the world. On that fateful morning‚ 19 terrorists who were in affiliation with Osama Bin Laden ’s al-Qaeda terror organization hijacked four planes. The hijackers crashed two American Airlines jets into the Twin Towers of the World Trade Center in New York City‚ A third plane into the Pentagon in Washington‚ D.C and a fourth crash landed in Pennsylvania as passengers attempted to take control of the plane. Nearly 3000
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IFRSs issued up to 31 December 2008. IAS 7 Cash Flow Statements was issued by the International Accounting Standards Committee in December 1992. It replaced IAS 7 Statement of Changes in Financial Position (issued in October 1977). In April 2001 the International Accounting Standards Board resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. Since then‚ IAS 7 and its accompanying documents have
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------------------------------------------------- Summary of IAS 32 Objective of IAS 32 The stated objective of IAS 32 is to establish principles for presenting financial instruments as liabilities or equity and for offsetting financial assets and liabilities. [IAS 32.1] IAS 32 addresses this in a number of ways: * clarifying the classification of a financial instrument issued by an entity as a liability or as equity * prescribing the accounting for treasury shares (an entity’s own repurchased
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According to the F.B.I.‚ a U.S citizen is more likely to be killed as a result of faulty furniture than by an Islamic terrorist attack. However‚ though terrorism is near the bottom of possible security threats to everyday citizens‚ the rise of anti-western civilization rhetoric by radical-Islamic groups and the increasing media coverage has led to one in six Americans to identify terrorism as the most important U.S. problem‚ even ahead of the economy‚ according to a recent Gallup poll. Donald Trump’s
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Chapter 11 Foreshadowing Chapter eleven of The Lord Of The Flies is foreshadowed in the book multiple times. For example‚ in the beginning of the book‚ when the boys first go to the top of the mountain‚ there is a large boulder that is in their way. Golding says‚ “The great rock loitered‚ poised on one toe‚ decided not to return‚ moved through the air‚ fell‚ struck‚ turned over‚ leapt drowning through the air‚ and smashed a deep hole into the canopy of the forest” (27). The boys pushed the rock
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IAS 38 INTANGIBLE ASSETS | | |HISTORY OF IAS 38 | |February 1977 |Exposure Draft E9‚ Accounting for Research and Development Activities | |July 1978 |IAS 9 (1978)‚ Accounting for Research and Development Activities | |1 January 1980 |Effective Date of IAS 9 (1978)
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On September 11‚ 2001‚ the world changed. It was said to be a beautiful day‚ almost perfect. Then in an instant‚ a plane smashed into one of the Twin Towers. The building instantly lit on fire and the whole city went into a panic. There was debris falling everywhere‚ and even six blocks away from the building‚ you could see dozens of papers raining down from the sky like ashes from a fire. Police officers and firefighters were constantly rushing in and out of the building‚ salvaging every single
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How 9/11 changed America Forever On Tuesday‚ September 11th‚ 2001 around 8:30am‚ America was changed forever. The terrorist attacks on the World Trade Center towers were one of the most influential events in recent history here in America. The event of 9/11 changed the way the world thinks and operates many aspects of security especially when it relates to aviation. After the events on 9/11 airport security increased‚ views on terrorism changed‚ and the families of the victims were changed forever
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