Exposure Draft Accounting Standard (AS) 9 (Revised 20XX) (Corresponding to IAS 18) Revenue (Last date for Comments: June 07‚ 2010) Issued by Accounting Standards Board The Institute of Chartered Accountants of India 2 Exposure Draft Accounting Standard 9 (Revised 20XX) (Corresponding to IAS 18) Revenue Contents Objective Scope Definitions Measurement of revenue Identification of the transaction Sale of goods Rendering of services Interest‚ royalties and dividends Disclosure Effective
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power to change our perception from reality to a false certainty.Society tends to put more stress on women especially these days for achieving this false standards of beauty for acceptance (Kilborne‚ 2010). The true perception of beauty is often taken directly from movie stars‚ models‚ and t.v. shows. Many people know that these beauty standards are unattainable but they still pursue it. This compulsive persuasion often result in irreversible
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DILUTIONS AND STANDARDS Many of the laboratory procedures involve the use of dilutions. It is important to understand the concept of dilutions‚ since they are a hand tool used throughout all areas of the clinical laboratory. These dilutions have to be considered as they make a quantitative difference in what is going on. First‚ there are several terms used in expressing dilution: 1. "Dilution: - Dilutions are expressed as the ratio of the quantity of a desired solute (serum‚ urine‚ chemical solution
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Regardless if anyone knows it or not‚ everyone actually lives in accordance with some sort of ethical standard. Some may refer to it as a code‚ a creed‚ or even a motto; however ethics itself is defined as a set of moral principles or values (Meriam-Webster). Ethics is an extremely important aspect of society in general and is applicable in every profession‚ however it holds a higher regard in law enforcement. Law enforcement officers are entrusted by the public to not only uphold the laws and
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Rather than dictating social standards by occupation or position‚ South Korea has a distinct traditional social system based off of age. For example‚ if two people go out to eat‚ the older person usually pays for the meal. Also‚ in a conversation with people of different ages‚ the young use formalities while the old speak casually. Traditional South Korean culture echoes the strict beliefs of the Renaissance times in regards to social standings. The Chain of Being defines the hierarchy of all things
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Statistics Homework 2 1. Consider a sample with data values of 27‚ 25‚ 20‚ 15‚ 30‚ 34‚ 28‚ and 25. a) Compute the mean‚ median‚ and mode. b) Compute the 20th‚ 65th‚ and 75th percentiles. c) Compute the range‚ interquartile range‚ variance‚ and standard deviation. Answers: Data values: 15‚ 20‚ 25‚ 25‚ 27‚ 28‚ 30‚ 34 a) Mean: [pic]= ∑xi/n = (15+20+25+25+27+28+30+34) / 8 = 204 / 8 = 25.5 Median: Even number‚ so median is = (25+27)/2 = 26 Mode:
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Pantaloons Retail India Limited The Accounting Standards as per their 2011-12 Annual Report are- 1. AS 1: Disclosure of Accounting Policies- * It deals with disclosure of Accounting Principles and policies used for preparation of financial statements of the companies. 2. AS 2: Valuation of Inventories- * It deals with determination of amount of inventory to be shown in financial statements. It is not applicable to shares‚ debentures‚ stock etc. The cost formulae prescribed
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INDIAN ACCOUNTING STANDARDS - A PERSPECTIVE The paradigm shift in the economic environment in India during last few years has led to increasing attention being devoted to accounting standards as a means towards ensuring potent and transparent financial reporting by corporate. Further‚ cross-border raising of huge amount of capital has also generated considerable interest in the generally accepted accounting principles in advanced countries such as USA. Initiatives taken by International Organisation
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‘Uniform Accounting Standards Produce Uniform Financial Reporting’ Inro Why is the question important? In an increasingly interconnected world‚ the operations of international corporations are transnational. In addition‚ more and more investing takes place on a global level. Historically‚ different countries have developed their own national accounting standards. Before the introduction of the IFRS‚ the accounting principles of neighbouring countries were similar in many respects but used different
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I. Who should take the blame for getting Standard Machines Corp into the crisis it faces vis-à-vis closing on a major sale with an established account? The blame for Standard Machine Corp can be directed in one of three ways: Industry: One could argue that innovation in the machine tool equipment industry has been stagnant and resulting caused customers to view machines as commodities and compete on price. Another thought is that the industry allowed a low cost player to enter and therefore
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