1:RELEVANCE: Information should be relevant to the decision making needs of the user. Information is relevant if it helps users of the financial statements in predicting future trends of the business (Predictive Value) or confirming or correcting any past predictions they have made (Confirmatory Value). Same piece of information which assists users in confirming their past predictions may also be helpful in forming future forecasts. Example: A company discloses an increase
Premium Generally Accepted Accounting Principles Revenue recognition Income statement
Mathematics is a subject that I have thoroughly enjoyed throughout my school years. The challenge of thinking and the process of logic always attract me to Mathematical problems‚ however difficult and regardless of the form in which they come. My aptitude towards mathematics aroused because of its simplicity‚ that as long as you follow the right steps in a systematic order‚ you will reach the correct answer. At the same time‚ the challenge which it provides‚ with its complex yet logical questions
Premium Mathematics
mother of Europe’s languages. India was the mother of our philosophy‚ of much of our mathematics‚ of the ideals embodied in Christianity... of self-government and democracy. In many ways‚ Mother India is the mother of us all." - Will Durant‚ American Historian 1885-1981 Mathematics is an important field of study. Mathematics is essential as it helps in developing lots of realistic skills‚ in fact study of mathematics itself include the concepts related to the routine lives of human. It not only develops
Premium
In today’s fast-paced economy‚ organizations are seeking new ways to streamline the business processes to reduce work duration and costs. The reason is internet. The changing communication and data transfer technologies of the internet today are advanced the way many companies do business. Depending on the nature of the organization‚ the benefits of internet presence will vary. The advantages benefits for business organization from using the internet are: EXPAND REACHABLE MARKETS Marketing on
Premium Marketing Internet History of the Internet
The Institute of Chartered Accountants of Pakistan Auditing Intermediate Examination Autumn 2012 Module D Q.1 5 September 2012 100 marks - 3 hours Additional reading time – 15 minutes Shahrukh and Company‚ Chartered Accountants‚ have conducted the statutory audit of the financial statements of Karim Limited‚ a listed company‚ for the year ended 30 June 2012 under the Companies Ordinance‚ 1984. The job incharge has drafted the following audit report: Auditors’ Report to the Members We have
Premium Auditing Audit Financial audit
Scope of mathematics This article will provide an overview of the NCTM process and content standards. Educators first studying the standards may feel overwhelmed with the amount of content addressed within each grade-level span. State frameworks that dictate standards for each grade level exacerbate this situation. However‚ a longitudinal view will show how the same topics are developed over several years in a spiral and interconnected pattern. For example‚ the
Premium Mathematics Management Psychology
| |Programme |Bachelor of Computer Science (BCS) | |Name of Course / Mode |Discrete Mathematics | |Course Code |CSC 1700 | |Name (s) of Academic
Premium Mathematics Logic
Topic 1- Mathematics and Certainty Having said something about the nature of formal systems‚ we must now look in more detail at the nature of mathematical certainty. To do this‚ let us begin by making two distinctions. The first concerns the nature of propositions. An analytic proposition is one that is true by definition. A synthetic proposition is any proposition that is not analytic. So we can say that every proposition is either analytic or synthetic. The second distinction concerns how we
Premium Mathematics Euclidean geometry Truth
Theory of Knowledge Éanna OBoyle ToK Mathematics “... what the ordinary person in the street regards as mathematics is usually nothing more than the operations of counting with perhaps a little geometry thrown in for good measure. This is why banking or accountancy or architecture is regarded as a suitable profession for someone who is ‘good at figures’. Indeed‚ this popular view of what mathematics is‚ and what is required to be good at it‚ is extremely prevalent; yet it would be laughed at
Premium Logic Mathematics Geometry
Mathematics in medieval Islam 1 Mathematics in medieval Islam In the history of mathematics‚ mathematics in medieval Islam‚ often termed Islamic mathematics or Arabic mathematics‚ is the mathematics developed in the Islamic world between 622 and 1600‚ during what is known as the Islamic Golden Age‚ in that part of the world where Islam was the dominant religion. Islamic science and mathematics flourished under the Islamic caliphate (also known as the Islamic Empire) established across the
Premium Geometry