IASB and FASB release revenue recognition exposure draft What is the issue? On June 24th‚ the FASB and IASB issued an exposure draft proposing a new revenue recognition model that could fundamentally alter the way entities across a variety of industries recognise revenue. The proposal is an output of the boards’ joint efforts to develop a converged revenue recognition standard based on the same principles. A key objective is to increase the consistency of revenue recognition for similar contracts
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3.6 Revenue recognition with examples when goods are sold under sale or return There are cases when payments are received prior to events that trigger revenue recognition. In that case‚ cash is debited and the unearned revenue is credited. On the other hand‚ when revenue recognition is triggered before actual payment is received‚ accounts receivable is debited while revenue is credited (“Revenue Recognition Principle‚” 2013). Goods are sold under sale or return when they are “sent by the supplier
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of essi on a l P r onou n c e m e n ts ASC 605-25‚ Revenue Re cogni t ion : Mul t ipl e- E l ement A r r angements (ASC 605-25) (formerly EITF Issue No. 00-21‚ Revenue Arrangements With Multiple Deliverables (Issue 00-21))‚ as amended by ASU 2009-13‚ Revenue Re cogni t ion (Topi c 605) : Mul t ipl e- D e l ive r abl e Revenue A r r angements (ASU 2009-13) (formerly EITF Issue No. 08(Issue 08-1)) SEC Staff Accounting Bulletin Topic 13‚ Revenue Recognition (SAB Topic 13) P rof essor N ot e :
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Cristina Salazar ENGL 1301 B Paper Professor: Laurie Buchholz 28 November 2012 A Wife or a Slave? As we are now living in a new millennium‚ we have encountered that society has not change much when it comes to women duties and rights. Back in the 1950’s almost all the way to the 1980’s‚ women’s duties were to stay home and take care of everything involving the house as: cleaning‚ and cooking‚ and taking care of the kids‚ etc. The only change that has happened from back in those times is
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Staying at a friend’s house A special secret place When I was upside down What if we suddenly had to move? My most embarrassing moment Talk about being scared! Do I want to be famous? Creepy‚ crawly things What if I were the teacher? I’ll never eat another . . . My biggest surprise This school really needs . . . The first day of school is the worst/best. A pet sitter needs special instructions to care for my pet. Doing homework A song that means a lot to me My best day A day in the
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2 Unearthing the sources of value hiding in your corporate portfolio Executives who rely on high-level metrics to manage will miss potential sources of value creation. A finer-grained look can help. Marc Goedhart‚ Sven Smit‚ and Alexander Veldhuijzen The senior leaders of a diversified global the company identify a more significant set of industrial company recently got a major shock opportunities to reallocate resources and when they took a more fine-grained look at stimulate value creation
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The American Revenue Act (Sugar Act) is relevant to Chapter 6. It is relevant to Chapter 6 because the Sugar Act was one of the many conflicts in the Empire during the 1700’s. The Sugar Act was a reform to the failing Molasses Act of 1733. The Act was one of many policies that the British Parliament tried to impose on the colonist in an effort to bring the colonies closer to the Empire. The Sugar Act stirred colonist’s fears and emotions‚ and they began to consider their independence from the Parliament
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perform its basic functions (Contact; 2007). By this‚ Tax administrations can mobilize financial resources in order to secure the provision of public services such as education‚ infrastructure‚ health services‚ or social protection. This is to say that revenue administrations occupy a pivotal position in the mobilization of domestic financial resources (Contact; 2007). But over the years‚ many developing countries lack an efficient tax collection system‚ leaving in some cases more than 60% of the tax potential
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IDENTIFY AND EVALUATE MARKETING OPPORTUNITIES Kentucky Fried Chicken (KFC) DIPLOMA OF BUSINESS Candidate ’s Name : | M. Turab Hussain | Assessor ’s Name : | | Student ID : | | | | | | Submission Date: | | Table of Content History KFC (formerly known as Kentucky Fried Chicken) is a trademark franchise of Yum! Brands‚ Inc.‚ headquartered in Louisville‚ Kentucky‚ United States .Founded by Col. Harland Sanders‚ KFC is known mainly for his fried chicken‚ which is usually
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environment of the managers‚ including house tours and conversations with family members. Specifically they were asked about if there are changes in their routines and behaviour. The 3 case studies are presented of the different approaches to managing the identified challenges that was involved working from home. These 3 cases show the reality of life people facing every day‚ that’s gives us more understanding and an ability to observe much better. In the first case are presented the senior manager
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