has long recognised that its accounting standards need to be harmonised with standards elsewhere in the world. To ensure consistent application of IFRSs‚ CLERP No. 9 recommended that Australia adopt‚ from January 2005‚ official interpretations of IFRSs issued by the IASB’s International Financial Reporting Interpretations Committee (IFRIC). As noted by CLERP No. 9‚ the comparability of a common set of accounting standards could be undermined ‘if standards are subject to differing interpretations
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1 . (a) What do you understand by the concept of conservatism ? Why is it also called the concept of prudence? Why is it not applied as strongly today as it used to be in the Past ? (b) What is a Balance Sheet ? How does a Funds Flow Statement differ from a Balance Sheet ? Enumerate the items which are usually shown in a Balance Sheet and a Funds Flow Statement. 2 . (a) Discuss the importance of ratio analysis for inter-firm and intra-firm comparisons including circumstances responsible
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High Standards As early as the third grade‚ I remember being involved in sports. Whether it was volleyball‚ basketball‚ or dance I have been given the privilege to play on many teams. The life of a young athlete is great‚ however‚ it can become very stressful. At all ages an athlete is forced to cope with school‚ sports‚ and a social life. Along with all of that‚ athletes are expected to deal with extra stress and even stricter rules. Over the years I have realized all student-athletes are treated
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procedure‚ what is the name of the indicator used to identify the presence of CO2? Phenol Red 4. B. What color did the indicator turn after blowing air into the water through the straw? Yellow 5. A. What color did the indicator turn after the tube was placed under a light source for 30 minutes? Light red 5. B. Why did this occur? Because the light‚ water‚ and CO2 were creating photosynthesis. 6. List the four common pigments found in plants and their functions. 1. Anthocyanin is red or purple
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Business Law – Module 12 CASE BRIEF for CLASS REQUIREMENT Your name: Shannon Crawford Date: April 24‚ 2013 1. Cite the case (e.g.‚ Jones v. Smith‚ 231 P.2d 456 (Nev. 1996): Riley v. Standard Oil of New York‚ 132 N.E. 97 (N.Y. 1921) 2. State the facts of the case: Million acting as chauffer is told to drive company vehicle 2.5 miles to pick up paint and return to the mill. Million picks up the paint‚ sees scrap wood that his sister
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Centralia No. 5 PAD 500- Modern Public Administration April 23‚2014 On March 25‚ 1947‚ a deadly coal mine explosion rocked the calm‚ peaceful town of Centralia‚ IL. During World War II‚ this mine provided coal to the war effort. A charge ignited built up coal dust and caused the explosion. This explosion should have surprised no one. Many public sector safety professionals from state and federal agencies knew of the hazards as a result of inspections‚ union complaints and
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This occurred under the eye of the Venezuelan government. Only one firm (Coca-Cola) was victimized. Students can search for additional examples and show how the events caused management of those local operations to change their operating procedures. 5. What means can managers use to assess political risk? What do you think is the relative effectiveness of these different methods? At the time you are reading this‚ what countries or areas do you feel have political risk sufficient to discourage you
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Daubert Standard June 8‚ 2014 Description of Daubert Standard Expert testimony is important in any trial‚ but determining whether or not the testimony is admissible can lead to other problems. The Daubert Standard is used by trial judges during the preliminary assessment. It is crucial that the trial judge assesses the expert’s testimony on if it is not only scientifically valid‚ but also if the testimony can be applied to the issues properly. To properly determine if the expert testimony meets
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Chap 8 – INFORMATION SYSTEMS AUDITING STANDARDS‚ GUIDELINES‚ BEST PRACTICES ___________________________________________________________________________ Introduction BS 7799 CMM - Capability Maturity Model COBIT – IT Governance Model CoCo ITIL (IT Infrastructure Library) Systrust and Webtrust HIPAA SAS 70 – Statement of Auditing Standards for Service Organisations ___________________________________________________________________________ Introduction Growing business requires computers
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Best English 099 10/7/13 IPhone 5 In today’s world‚ technology is constantly changing from a new paperclip to an improvement in hospital machinery. Technology lets people improve the way they live so they can gain their own personal energy. Every year it seems like apple comes out with a bigger and better iPhone‚ like the iPhone 5. It is forcing people to be “in with the new and out with the old.” People from all over the world; are saying that the iPhone 5 is a “must have.” Personally I’m in
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