The study focused on the adoption process of International Financial Reporting Standards (IFRS) on a developing economy‚ with particular reference to Nigeria. The paper is based on the data obtained from literature survey and archival sources in the context of the globalization of International Financial Reporting and the adoption of International Financial Reporting Standards (IFRS).Nigeria has embraced IFRS in order to participate in the benefits it offers‚ including attracting foreign direct investment
Premium International Financial Reporting Standards Financial statements
IFRS 9 vs MFRS 139 – COMPLEXITIES TO SIMPLICITY‚ IS IT A FACT? Introduction On year 2005‚ MFRS 139 was introduced to prescribe unified rules for reporting of the financial instruments so that companies presented them in a transparent and a consistent way. However‚ it is found that the MFRS 139 is too complicated to the users to understand‚ interpret and apply. They prefer something that is principle-based and less complex. International Accounting Standard Board (IASB) agreed to rewrite and replace
Premium International Financial Reporting Standards Balance sheet Generally Accepted Accounting Principles
screen‚ ’Oh‚ this land was made for you and me.’ There is a feeling from my heart which I can not explain with words‚ this felling contains angry‚ disappointed‚ sadness‚ but the most is the powerlessness to face the reality of the food industry. This kind of feeling happens once before‚ after I watched ’ The Cove’‚ feel anxious to do something and want to help‚ however‚ where to start and how? The first thought is to stop buying food from those company‚ thysoon‚ motannio‚ but what else can we buy‚ there
Premium Feeling Thought Mind
DeVry University DeVry University was opened in Chicago by Dr. Herman DeVry in 1931. It was called DeForest Training School to prepare students for technical work in electronics‚ motion pictures‚ radio and later‚ television. It was in Chicago. In the 1940’s during WWII‚ DeVry University was selected by United States to educate Army Air Corps instructors on electronic devices. It was one of the first schools to be approved under the original G.I. Bill. In 1953 DeForest Training School became DeVry
Premium Higher education Academic degree Bachelor's degree
Precision Worldwide‚ Inc. Introduction When a competitor develops and introduces a superior product that is less costly to manufacture and even many times usable and durable‚ the key to people at Precision Worldwide must decide whether to match the competitor’s product‚ when to do so‚ how to price or what sustainable competitive advantage it needs to adopt during the next strategic period‚ given that it holds a large inventory of its now inferior product. This issue concerns the steel and plastic
Premium Management Marketing Health care
for 5784 industrial firms in the period 1988–2002 in a model where common equity is viewed as a down-and-out barrier option on the firm’s assets. Asset values and volatilities as well as firm-specific bankruptcy barriers are simultaneously backed out from the prices of traded equity. Implied barriers are significantly positive and monotonic in the firm’s leverage and asset volatility. Our default probabilities display better calibration and discriminatory power than the ones inferred in a standard
Premium Bond Debt Asset
Case Study of Just For Feet Inc. Xuan Zhang Q1. Prepare common-sized balance sheets and income statements and compute key ratios for 1997-1998. What were the high-risk financial statement items for the 1998 audit? * Common-sized financial statements: * Key ratio analysis: Liquidity and solvency: | 1999 | 1998 | 1997 | Current ratio | 3.387 | 1.998 | 2.142 | Debt to equity | 1.117 | 0.672 | 0.720 | Times interest earned | 6.376 | 24.665 | 28.286 | Activity | | |
Premium Balance sheet Risk Income statement
action when a management consultant I’ll call Erica put in for a transfer from Southeast Asia to New York. Erica was and is the model of a giver. She routinely volunteers for unpopular projects‚ gives up vacation time to help her manager‚ sacrifices personal time to go the extra mile for clients‚ and mentors analysts whom her colleagues view as lost causes. After living abroad for several years‚ Erica was ready to return to the US. Her ideal location was NYC‚ because she had family nearby. But she knew
Premium
purine receptors in the cell membrane. Purinex’s goal was to develop products that evoked a receptor-specific pharmacodynamic effect without producing undesirable outcomes that could result from interactions with other receptors. The company had 14 employees and maintained a chemistry laboratory a few miles from its main office. Purinex’s intellectual-property portfolio consisted of more than 35 patents pending or issued in the purine field. The company planned to take its new receptor-selected drugs
Premium Venture capital Pharmacology Drug discovery
advanced supply-chain management technology and effective relationships with suppliers. Based on the company’s past record of immediate success in new markets‚ Wal-Mart’s decision to open more Sam’s Club stores in Canada requires an immediate response from Loblaw’s. Several possible strategies should be investigated and evaluated with the objective of maintaining market share‚ short-term profitability‚ quality standards‚ and long term growth. In response to Wal-Mart’s expansion‚ Loblaw’s has the option
Premium Hypermarket Supermarket Term