Summary of IAS 18 Objective of IAS 18 The objective of IAS 18 is to prescribe the accounting treatment for revenue arising from certain types of transactions and events. Key Definition Revenue: the gross inflow of economic benefits (cash‚ receivables‚ other assets) arising from the ordinary operating activities of an entity (such as sales of goods‚ sales of services‚ interest‚ royalties‚ and dividends). [IAS 18.7] Measurement of Revenue Revenue should be measured at the fair value of the consideration
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Why do professionals prefer IAS A new subject has attracted legislators‚ thinkers‚ journalists and one could say the economists as well. Why should not we ban the entry of professionally qualified personnel into the IAS or IPS Services ? Some have argued that government spends‚ directly or indirectly‚ a lot of money on the education of an Engineer or a Doctor and in case these professionals join general services like IAS or IPS the hard spent government money goes into the gutter. Good some thinking
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Areas to focus in OBU RAP and reasons of failure: Areas to focus: a. Referencing is of utmost importance. (see note c in next section) b. When analysing a financial statement‚ they don’t just want this increased by a % or a reduction. They want u to investigate why such occurre. NOTE:They also do not want maybes‚ probably and could be‚ they want u to give definitive reasons while referencing your conclusions. c. use of IT skills must be demonstrated. Can be easily done with excel sheet. Reasons
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English Language & Comprehension: Answers in Last Page Directions—(Q. 1–5) Some of the sentences have errors and some have none. Find out which part of a sentence has an error and blacken the rectangle [■] corresponding to the appropriate letter (A‚ B‚ C). If there is no error‚ blacken the rectangle [■] corresponding to (D) in the Answer sheet. 1. Though there is hourly bus service on this route (A) a number of people are still suffering (B) as there is no bus shelter here. (C) No error.
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generalisations can be made between mathematical concepts. Furthermore‚ this report shall examine how teaching and learning theories influence the way in which we understand maths through the process of problem solving‚ generalisations‚ assumptions and proof‚ and also the common errors and misconceptions that may result from this. THE HISTORY OF MATHS From around 2000BC the Babylonian civilisation brought a style of mathematics which succeeded the Sumerian-Akkadian system following their invasion of Mesopotamia
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...........9 3 1.0 INTRODUCTION The assignment is concerned about analyzing the financial statement in the annual report of Bengal Windsor Thermoplastic Ltd. On the FY ended 30 June 2013 according to International Accounting Standards-1. IAS-1 is formed with the principless for presenting Financial Statement on a curtan period of time. 4 2.0 COMPANY IN BRIEF 2.1 OVERVIEW
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IAS 16 PROPERTY‚ PLANT AND EQUIPMENT HISTORY OF IAS 16 August 1980 Exposure Draft E18 Accounting for Property‚ Plant and Equipment in the Context of the Historical Cost System March 1982 IAS 16 Accounting for Property‚ Plant and Equipment 1 January 1983 Effective date of IAS 16 (1982) May 1992 Exposure Draft E43 Property‚ Plant and Equipment December 1993 IAS 16 Accounting for Property‚ Plant and Equipment (revised as part of the ’Comparability of Financial Statements’ project) 1 January 1995 Effective
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INTRODUCTION In our daily lives‚ we come across news like "prices of goods rising!" or "super discount!". This means that we have to pay a higher or a lower price for the same goods or services. Very often we use index numbers to indicate these changes. In Form 4‚ we have learnt about Index Number from Chapter 11 in Additional Mathematics. Do you know what exactly Index Number is? Well‚ an index number is an economic data figure reflecting price or quantity compared with a standard
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Hogs can get many diseases‚ you need to know the causes‚ symptoms and treatment‚ also prevention. There are a large number of diseases that can affect a hog and this will vary from place to place depending on the area you where you live and raise hogs. Remember that so many diseases are entirely preventable as you need to keep the feed lots and houses sanitary‚ unclean and filthy lots and houses will encourage disease. African Swine Fever- This is likened to hog cholera and is the most devastating
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General Information on the DBQ The required DBQ differs from the standard essays in its emphasis on your ability to analyze and synthesize historical data and assess verbal‚ quantitative‚ or pictorial materials as historical evidence. Like the standard essays‚ however‚ the DBQ is judged on its thesis and argument. Although confined to no single format‚ the documents are unlikely to be the familiar classics (such as the Emancipation Proclamation or the Declaration of Independence)‚ but their
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