Vol. 2‚ No. 2 International Business Research Harmonization of Accounting Standards through Internationalization Nikhil Chandra Shil‚ ACMA (Corresponding Author) Department of Business Administration East West University 43‚ Mohakhali C/A‚ Dhaka – 1212‚ Bangladesh Tel: 9887989(Off.) ext 253‚ 01819289589 (M) Dr. Bhagaban Das P.G. Department of Business Management‚ Fakir Mohan University P. O.: Balasore‚ Pin.: 756019‚ Orissa‚ India E-mail: bhagaban_fm@yahoo.com Alok Kumar Pramanik Department
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Accounting Standard 10: Accounting for Fixed Assets • Fixed asset is an asset held for producing or providing goods and/or services and is not held for sale in the normal course of the business. • Cost to include purchase price and attributable costs of bringing asset to its working condition for the intended use. It includes financing cost for period up to the date of readiness for use. • Self-constructed assets are to be capitalised at costs that are specifically related to the asset and those
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Institution Introduction Observation of standard accounting practices is a requirement for publicly traded companies. The companies are obligated to follow strict accounting rules in the presentation of their financial statements to enable the readers of such statements to compare performances by different companies easily. Financial institution and shareholders of various private companies may also require private companies to comply with certain accounting standard. Local governments being the form of
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There were many political and social effects of Radical Reconstruction in the South. In the South‚ the Reconstruction Act triggered a stir of political activity among former slaves. These former slaves began to go on strike‚ held mass meetings and tried to end segregation on public transportation. The Union League was an organization laced with the Republican party. Thousands of southern blacks became a part of the Union League and the majority of black voters‚ that were eligible‚ registered to vote
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Culture Spain Analysis of the Political and Economic Systems Table of Contents I. Introduction (abstract) II. Political System a. Type of Political System b. Structure of the Government c. Identify a current law/policy law d. Impact on society III. Economic System a. Type of economic system b. Identify a current economic issue c. Government role in address the issue d. Impact on society IV. Compare Contract a. Economic issue country of origin
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egulatory and Political Influence on Accounting Practice Learning Objectives ! ! ! ! Critically discuss the regulatory environme concerning Australian external financ reporting. Describe the main regulatory bodies th encompass the Australian reporti environment. Review some of the arguments proposed f and against regulation of the accounti profession. Outline the relevance of potential econom political and social impacts to the account Introduction Financial
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to keep an entire society in poverty in order to benefit others? Social classes have always put others beneath more fortunate people. Can a person seem inferior due to their social class? In George Orwell’s‚ 1984‚ a person’s placement in the Party effects what social standards they will live with. 1984 is Orwell’s warning to what will happen if society continues to apply social standards to people. The Inner Party‚ the highest social class‚ is a direct line to the will of the omnipotent Big Brother
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The Civil War was a revolutionary experience for both Northerners and Southerners. Both sides involved witnessed change but for African slaves the effect of the Civil War was the most drastic. n the north the union won the war and emancipated slaves‚ getting their way in the war. In the north the war had a great impact on the economy and society. The economy as inflation rose almost 80% and taxes were put in place (income tax) also a national banking system was created. The war needed a mass production
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of premium or discount on issue of debentures or bonds etc c) Amortisation of ancillary cost i.e stamp duty‚ registration charges‚ issue expenses etc AS -16 deals with how accounting of borrowing cost should be carried out. Applicability: Applicable to all levels of Enterprises Objective: Prescribe accounting treatment for borrowing cost .i.e if loan is borrowed for purchase of Asset‚ whether interest cost should form part of total cost or not.i.e it should be capitalized Important
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Accounting Standards Boards Paper In recent years there has been significant changes made in our understanding of the relationship between the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB). At present both the IASB and FASB are working on a joint venture referred to as the convergence project in hopes of eliminating a variety of differences between International Financial Reporting Standards and U.S. GAAP. Another area covered in this paper besides
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