2011 Semester 2 Intermediate Financial Reporting Final Exam Solution. Accounting standards (5 MARKS) 1. Explain what gives Australian accounting standards authority and how is it enforced? The Corporations Act gives the standards the force of law. ASIC administer the Corps Act. and hence enforce the standards. Failure to comply with the standards can include legal proceedings‚ goal‚ financial penalties and prevention from acting as a manager or director of a company in the future. In addition
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Yough Intermediate Middle School‚ a comical and controlled environment. Waking up everyday to come to school is a nuisance. It worth every second of the day because of the amazing teachers‚ students‚ and staff. The curricular activities are as creative as a Picasso painting. The adventures I have gone on in Yough has taken me through life even more. The adventures have been vigorous‚ inferior‚ and patchy. This year‚ in activity club‚ the students had a chance to go outside in the snow. At the
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NEW ENGLISH FILE UPPER-ITERMEDIATE The following is some help for students who have missed an English class. Unit 7 7A Grammar (p. 102‚ ex. 5c): 1 I wish I had saved a bit of money. / I wish I hadn’t spent so much. 2 I wish I hadn’t had my hair cut so short. / I wish I hadn’t changed the colour. 3 I wish I had learned more English at school. / I wish I had been to extra classes. 4 I wish she hadn’t left me. / I wish we hadn’t had an argument. (p. 145‚ ex. 7A-b): 1 I wish I hadn’t
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Professor Saba Ozyurt PH.D International Organizations IRL-6200 April 11 2012 Week 4 Summary 1A Bargaining‚ Enforcement‚ and Multilateral Sanctions: When Is Cooperation Counterproductive? (Daniel Drezner) The article describes the complex international political structure on how the United States and other powerful nations declared sanctions on rival or rogue states. The articles main argue is that powerful states mostly will loss in the political arena when it comes to promoting a
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California has made a significant commitment to support the development of a vibrant solar industry. In 2006‚ SB1 established the California Solar Initiative. The initiative’s ambitious goal is to place solar electric systems on a million California roofs by 2016‚ with a total generating capacity of 3‚000 megawatts‚ equivalent to the peak output of three large nuclear reactors. Initiative critics claim that solar electricity is too expensive‚ and that the money spent on solar incentives would be
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There are many flaws within the United States prison system‚ as there are with everything. Not only are the prisons decrepit and deteriorating but there are far worse issues behind those barred gates. Overcrowding in detention centers and gang violence threaten to unhinge the fragile system and the threat is increasing with each passing day. However‚ not all of the problems are prisoner related as the issue of guard violence is being brought to light. Failure to address these problems could have
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Prison Overcrowding Harms Everyone March 18‚ 2009 Com 220 Axia College of University of Phoenix Did you know that the USA with 5% of the world’s population has 25% of its prisoners‚ making it the world’s no#1 jailer? The most recent statistics from the Department of Justice states that 1 out of every 30 men between the ages of 20 and 34 has been jailed. Most likely‚ every person in the USA has either been incarcerated or knows
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Prison overcrowding has become a major problem in the United States. As per‚ Issues and Controversies‚ “The United States has only 5 percent of the world’s population‚ but holds 25 percent of the world’s prisoners”. (“Mandatory Minimum”) Housing the growing prison population is putting a strain on the federal government’s budget‚ costing roughly $80 billion a year. (“Mandatory Minimum”) Crime rates are down‚ but prison populations are a growing concern. In light of these facts‚ lawmakers need to
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Derek Greenfield Intermediate Accounting I 3/2/2012 CA1-1.) 1. True 2. False‚ must comply with all standards and interpretations including disclosure requirements 3. True 4. False‚ FASB must operate in full view of public through a “due process” system that gives interested parties ample opportunity to make their views known CA1-3.) 1. D 2. A 3. D 4. B 5. A 6. B 7. A 8. B E2-5.) Assets- F Liabilities- B Equity- I Investment by owners-
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The principle of utility is the basic belief that all a person truly desires in life is happiness and that any actions or behaviors that promotes happiness is acceptable. In the article Of the Ultimate Sanction of the Principle of Utility by John Mill he says that utilitarianism will gain ground when people grasp on a general idea for happiness. Happiness is different for every person. Happiness is defined by each individual person and their beliefs. Mill believes that if something gives you pleasure
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