Differences between Nigerian GAAP and IFRS Similar to the United States‚ the transition from GAAP to IFRS in Nigeria involves dual reporting‚ which satisfies reporting requirements for both accounting models while the reconciliation occurs. Because of ongoing convergence projects‚ the extent of the specific differences between IFRS and GAAP is shrinking. Yet significant differences do still remain. Such differences exist in the structure of an annual report. Formally known as the “Profit and Loss
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COMMERCIAL CONTRACTS UNDER NIGERIAN LEGISLATION Introduction A contract is an agreement which is legally binding on the parties to it and which if broken may be enforced by action in court against the party that has broken it. A contract may be void or voidable. A void contract is that which lacks the essential ingredients or elements of valid contract and therefore of no legal effect. A voidable contract is that which is valid in the first place but may be ended at the instance of one of the
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Christianity has greatly impacted on society and culture as well as individuals in the world we live in today. Christianity has contributed to things such as our laws and our moral and cultural priorities. Christianity is acknowledged as playing a significant role in informing our moral view of the world and ourselves; that is‚ who we are. Our conscience is believed to give us a sense of what is right and wrong and provides a compass to guide us at times of challenge and need. Christianity provides
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Media Impact on Pop Culture Popular culture has had many influences from the current society. As times change and attitudes also change so does pop culture. Some influences include fashion‚ music‚ art‚ television‚ and movies. Television became popular in the 1950’s. People were anxious to buy a television set for their homes. At first‚ the programs were carried over from the days of radio. For example‚ the format of The George Burns Show was very similar to the format used on the radio. Only
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German Philosopher and cultural critic‚ Friedrich Nietzsche stated “Nihilism’s impact on the culture and values of the 19th century has been pervasive‚ its apocalyptic tenor spawning a mood of gloom and a good deal of anxiety‚ anger‚ and terror. “ Nihilism is the belief that life has no objective value‚ to begin‚ moral nihilism‚ or ethical nihilism is the belief that nothing is intrinsically right or wrong. Essentially- there are no set morals in the world. For example if you wanted to kill someone-
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composers of all time. His life was marked by great struggles‚ from being harshly pushed by his father to learn music to struggling against going deaf in his later years. Although his music is over 200 years old‚ it still has significant impact today on german culture. It is believed that Beethoven was born in the church of St Remigius‚ Bonn. His birthday was never documented but is believed to be the 16th of December‚ 1770. His father pushed him brutally to learn music‚ with accounts of Beethoven
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PRESUMPTIONS IN THE LAW OF EVIDENCE Introduction As a general and fundamental rule in the law of evidence‚ facts on which a court can base its decision in any proceedings must be proved to exist by evidence. Nevertheless‚ the proof of the existence of some classes of facts is dispensed with. Such facts include: facts presumed‚ facts admitted for the purpose of trial and facts judicially noticeable. This research work basically deals with facts presumed i.e. presumptions. In the course of discussion
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languages -Nigerian pidgin -Naijá "Language is so tightly woven into human experience that it is scarcely possible to imagine life without it." (Pinker‚ p.17). Communication is an essential part of human life. It accompanies us in our personal‚ social and professional life. Language is undoubtedly a fundamental means of communication between people. Some linguists estimate that at present there are about 6000 or more languages all over the world‚ thus what happens when two different cultures with different
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in a divided aluminum tray. In the 1960s the Swanson Company removed the name “TV Dinner” from the packaging and in 1986 the Campbell Soup Company changed the aluminum trays with plastic microwave-safe trays. To represent the impact that these trays had on American culture a representative aluminum tray was inducted into the Smithsonian Institution in 1987. Swanson even found a place on the Hollywood Walk of Fame receiving their star in 1999.
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the way commodity fetishism is impacting on contemporary society and culture. “Commodities are defined as things that are bought and sold in a social system of exchange.” (Sturken & Cartwright‚ 2009‚ p. 279 )”The concept of commodity culture is intricately allied with the idea that we construct our identities through the consumer products that inhabit our lives” (Sturken & Cartwright 2009‚ p. 279) The idea of a commodity culture has been described by media theorist Stuart Ewen as a commodity self
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