Provisions and Contingencies Scenario 1 Fact: Energy Inc. (Energy‚ or the Company)‚ which operates in the oil industry‚ is a U.S. subsidiary of a U.K. entity that prepares its financial statements in accordance with IFRS and U.S. GAAP. A draft law in a country where Energy operates in‚ which requires a cleanup of land already contaminated‚ will possibly be enacted shortly after the year-end. Issues: Should Energy recognize a provision‚ (i) in reporting under IFRSs‚ and (ii) in accordance
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Bcor 120: Principles of management Safa Manai Group 8 Case application 1: Goodwill Industries International 1/ Goodwill industries international is a non-profit organization that uses surplus revenues to achieve its goals through planning to obtain more donations‚ organizing by preparing plans and deciding how and when to use them‚ leading by motivating employees and encouraging them to work hard and controlling by monitoring the progress of the organization‚ making corrections and being responsive
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Russian Standard Vodka: Strategies for Global Branding and Expansion into the US Market Case Study By CHEN Mengjie Marguerite Summary Given the success of Russian Standard Vodka in the Russian and European Market‚ following the global branding vision‚ expansion strategy for US market needs to be defined. This case study will provide in-depth analysis to focus on evaluating expansion strategies and offering market entry recommendations. 1. Russian Standard 1.1 Overview Russian Standard was
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theThe Pros and Cons of Setting Separate private company accounting standards With the development of world economy‚ U.S.GAAP becomes more and more complex to meet public companies’ needs. Private companies cost a great fortune to compliance with U.S.GAAP. So‚ setting public-private accounting standards is a different issue debated for decades. it goes without saying that setting new separate accounting standards have its advantages and disadvantages. Background In USA‚ there are a large number
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Statistics & Research Methodology Case Study 1: Business Schools of Asia-Pacific (Due October 10‚ 2012) Fall 2012 The pursuit of a higher education degree in business is now international. A survey shows that more and more Asians choose the Master of Business Administration degree route to corporate success. As a result‚ the number of applicants for MBA courses at Asia-Pacific schools continues to increase. Across the region‚ thousands of Asians show an increasing willingness to temporarily
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Accounting 1 Semester 1 Final Exam Review Practice True/False Indicate whether the sentence or statement is true or false. ____ ____ ____ ____ ____ ____ ____ ____ ____ 1. Accounting is the language of business. 2. The relationship among assets‚ liabilities‚ and owner’s equity can be written as an equation. 3. The accounting equation does not have to be in balance to be correct. 4. A business that performs an activity for a fee is a service business. 5. The amount in an account is an account balance
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Unit # 1 – Accounting and Finance 1. A convertible bond is one which a. can be exchanged for shares of stock b. may be called ahead of maturity date by the issuer c. has a maturity less than 90 days d. makes no coupon payments and is initially priced at a deep discount 2. The Statement of Cash Flows addresses a. assets‚ liabilities‚ and equity b. dividends and retained earnings c. operating‚ investing‚ and financing activities d. working capital and float 3. The cash flow for three
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[Enter Post Title Here] Eli Lilly’s Financing Decisions A. Common stock at December 31‚ 2001 * Authorized shares: 3‚200‚000‚000 shares * Issued shares: 1‚124‚333‚530 shares * Outstanding shares: 1‚123.348‚749 shares Preferred stock at December 31‚ 2001 * Authorized shares: 5‚000‚000 shares B. In December 31‚ 2001‚ the company has purchased $1.41 billion of its announced $3.0 billion share repurchase program and acquired approximately 7.2 million. In connection
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Alpha Corporation 1991 1990 1989 Major sources of cash Sale of Assets and discontinued operations‚ Proceeds from long term debt‚ Major uses of cash CFO > NI? Major reasons for difference between CFO and NI Is CFO > Capex? Is CFO > Capex + Dividends? If CFO < Capex + Dividends‚ how did the company finance Capex + Dividends? Trend in Net Income Trend in CFO Trend in Capex Trend in major working capital accounts Overall assessment of the financial strength of the
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around regulatory compliance can be a difficult and frustrating attempt. A short-term action an organization has to use to come into regulatory compliance is identifying standards of care. An understanding of professional practices is a key element of the review of professional liability exposures. Knowledge of such standards is crucial in controlling risk during the development and implementation of new and alternative treatment regimens. A long-term action is ensuring that the regulatory approval
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