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
Premium Balance sheet English-language films Contract
Title: Rate of transpiration I found interesting to know how different environmental factors affect the rate of transpiration. There are different environmental factors‚ such as light intensity‚ humidity‚ wind and temperature that affect the rate of transpiration. Transpiration is a topic 9 in our Biology higher level book. I have read all the information through this chapter and researched some extra information. Based on this information that I had known I decided to take experiment of environmental
Premium Water Humidity Transpiration
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
Free Academic degree Master's degree Doctorate
IAS 36 Impairment of Assets by Claudia Mezzabotta Dottore commercialista e revisore legale in Milan‚ Italy Member of IASCF SMEIG – London (UK) Member of EFRAG SME WG – Brussels (Belgium) November 5-6‚ 2012 “International Accounting” Course MIM Course UNITN Trento - Italy Objectives of IAS 36 • To ensure that assets do not exceed their recoverable amount • To define how recoverable amount is calculated • To indicate when impairment tests need to be conducted • To prescribe
Premium Asset Generally Accepted Accounting Principles Discounted cash flow
ACCA REVISION MOCK Financial Reporting (International) December 2011 Question paper Time allowed Reading and planning: 15 minutes Writing: 3 hours All FIVE questions are compulsory and MUST be attempted. Do NOT open this paper until instructed by the supervisor. During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. Kaplan
Premium Generally Accepted Accounting Principles Balance sheet
(Revised) GCSE FOUNDATION REVISION GUIDE For Linear Course Written by MR P BENSON – Maths Tutor MARCH / APRIL 2005 VERSION 1 ISSUED FEBRUARY 2006 RE-UPDATED VERSION 2 MARCH 2008 VERSION 3 UPDATED FOR NEW SPECIFICATION 2011 CONTENTS PAGE Section Topic Page A Percentages 3 B Interest 3 C Nth Terms 3 D Ratio 4 E Lowest Common Multiples 4 F Highest Common Factors 4 G Prime Numbers 5 H Fractions
Premium Number Elementary arithmetic Googol
COMMENTARY COVERSHEET IB Economics commentary number:______2_____ Title of extract: _____ Bank of England Holds Rate at Already Low Level __________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ Source of extract:__ http://www.nytimes.com/2013/09/06/business/global/bank-of-england-holds-rate-at-already-low-level
Premium Monetary policy Inflation
set out in the NEBOSH Malpractice policy. Name (Print) ________________________________ Signature ________________________________ Date ______/______/________ For completion by a course provider representative (e.g. internal practical assessor) I declare that the work marked is identical to that received from the candidate. I recognize that contravention of this statement constitute malpractice and may result in my being subject to the penalties set out in the NEBOSH Malpractice policy
Premium The Work
IAS 1 – Presentation of Financial Statements Its objective is to provide information about the financial position‚ performance and changes in financial position of an entity that is useful to a wide range of users in making economic decisions. Considerations underpinning Financial Statements preparation: * Comparability – Standardisation of information‚ internationally to aid users of the accounts. * Consistency – Same accounting methods and policies each month/accounting period. *
Premium Balance sheet Asset Depreciation
Problem Definition The Glenmuir High School system has played an integral role in the Glenmuir School System. However this expansive library unit has is facing significant challenges as it relates to the borrowing of books by students and the recording of these transactions. The current system in place at the library is a manual recording mechanism. The librarian Miss. Bisasa keeps the records of each student in a recording folder according to their respective classes. Students
Premium Database management system Database Computer