------------------------------------------------- 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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STRATEGIC ANALYSIS AND CHOICE INTRODUCTION Strategic analysis and choice are done at two levels‚ namely‚ corporate and business levels. Strategists at the two levels unlike those at the operational level can choose what strategies to adopt i.e. “doing the right things”. Hence‚ effectiveness in realizing organizational goals is critical at these levels of strategic management. Operational strategy‚ on the other hand‚ focuses on “doing things right” i.e. properly operationalizing or
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Procedures under CST |Procedures under State Vat law applies to |CST Act and Rules prescribe very few procedures like forms for registration and concessional | |CST in many cases |rate of purchase. In case of other procedures like returns‚ appeal‚ refund‚ interest‚ penalties‚| | |recovery etc.‚ provisions as per State laws apply. | |Registration of a dealer |Every
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Background:Rocky Mountain Advanced Genome (RMAG) is headquartered in Colorado Springs‚ Colorado and has recently been founded by seven research scientists who have taken a leave of absence from major universities and pharmaceutical companies to establish this firm. This company uses gene-sequencing techniques with a computer-driven search algorithm to identify genes in human DNA. In January 1996‚ negotiations were coming to the end for a private equity investment by Big Sur Capital Management to
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about 15 months and Pavl died 2 years after he went to a concentration camp. The two stories take place when World War 2 was going on‚ in both texts it talks about a Ghetto‚ In Krystyna’s Story‚ It says “When Daddy found out that there would be a liquidation of the Ghetto” and in the poem The Butterfly‚ it says “For seven weeks I’ve lived in here‚ Penned up inside this ghetto.” Another similarity both
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give L.L. Bean their profit margin‚ which in turn relates to the cost of understocking. The annual cost for understocking in the case is $11 million. They also need to figure their overstocking costs. Taking the original cost of the item minus the liquidation value will give them the loss for failing to sell that item‚ in essence overstocking an item. L.L. Bean has an annual cost of $10 million for having too much of the wrong inventory‚ according to the case. Another cost that is involved with overstocking
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1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. Prior to 1984‚ the Corporation used principally accelerated methods for its U.S. operating plants. The cumulative effect of this change‚ which was applied retroactively to all assets previously subjected to accelerated depreciation‚ increased net income for 1984 by $11.0 million or $.93 per common and common equivalent share. The changes as defined in Note 2 are as follows:
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Harnischfeger Corporation‚ a large New York Stock Exchange company‚ faced a financial crisis in 1982. New management was appointed to turn the company around and as part of its restructuring strategy‚ the new management team made a number of financial reporting policy changes and accounting estimates in fiscal year 1984. Listed below are all of the changes and analysis on whether they might be real earnings management activities. In addition‚ the effect of these changes on the company’s revenue‚
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2. Use the provided Excel file that contains demand and forecast data for a collection of items. Suppose those are the data LL Bean will use to plan their next season. Consider an item that retails for $45 dollars and costs LL Bean $25. The liquidation price for this item will be $15. The sales forecast for this item is 12‚000. What order quantity would LL Bean choose for this item? Based on the Cu/(Co+Cu) ratio that equals 20/(10+20) =0‚667 and the A/F distribution‚ we end-up with a probability
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Collection/Remmitance for the year 2013 of January to December with their Date of Collection‚ Balance last Report‚ Serial No‚ form number Date of Invoice Receipts‚ Received‚ Issued‚ from‚ to‚ Balance on Hand/Serial No‚ Collector‚ Liquidation officer‚ Amount Collected‚ Date of Remittance‚ Date of Liquidation‚ Total & Request. 5. This week we encoded the Collection of Water System/Remmitance for the year 2013 of January to December. 6. This week we also encoded the Summary of Santa Maria Loans with their DV#‚ Date
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