The issue of revenue recognition practices is an area that has received a lot of attention from regulators. Whenever there is a report of financial restatements or negative earnings‚ regulators pay extra attention to review the financial statements in order to verify that that there are not any indications of financial fraud or that the organization overstepped their boundaries in the area of managed earnings. The reason that regulators have taken a special interest in financial accounting and potential
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Revenue means income. Allocation means to divide. Revenue allocation is defined as the division of available resources within an organisation or company. At a broader level‚ it is the process of assigning a cost to the amount of services and products generated. Government revenue is obtained from taxes‚ licenses and fees and allocated to public facilities. Because of the current revenue allocation formula in Nigeria‚ though there is a great deal of wealth in the country from the oil industry‚ 64%
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Applied Mechanics and Materials Vols. 229-231 (2012) pp 2775-2778 © (2012) Trans Tech Publications‚ Switzerland doi:10.4028/www.scientific.net/AMM.229-231.2775 Airline Revenue Management: Optimization Using Origin-Destination Strategy Controlled by Nested Heuristics Ajyuk J. Raj1‚ a‚ N. Ganesh Kumar2‚ b‚ S. Jayaraj3‚ c 1 M.E.‚ Department of Mechanical Engineering‚ PSG College of Technology‚ Coimbatore-641004‚ Tamil Nadu‚ India. 2 Assistant Professor‚ Department of Mechanical Engineering
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Costs and Revenues What is cost? If you go to a store and like an item and you want to buy it‚ which of the following questions would you ask: What’s the price of …..? 0R How much does …. cost? Examples of costs – set-up Examples of costs - running Fixed Costs 5000 What happened to the fixed costs if for some reason the company had technical problems and was unable to produce for 2 weeks? What happens if the landlord decided to raise the rent due to high property prices
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Statement Four Revenue recognition issues top the list of reasons for financial reporting restatements and one of the methods for creative accounting practices. Table of Contents Table of Contents 1 Introduction 3 Literature Review 4 Revenue recognition 4 Sale of goods 4 Rendering of services 5 Interest‚ royalties‚ and dividends 5 Creative Accounting 5 To meet internal targets 6 Meet external expectations. 6 Provide income smoothing. 6 Taxation 6 Change in management
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HISTORY OF TAXATION IN GHANA Introduction & Definition of taxation: To tax (from the Latin taxo; "I estimate") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. A tax may be defined as a "pecuniary burden laid upon individuals or property owners to support the government [...] a payment exacted by legislative authority." A tax "is not a voluntary payment
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Norman Mclean’s A River Runs Through It explores many feelings and experiences of one "turn of the century" family in Missoula‚ Montana. In both the movie‚ directed by Robert Redford‚ and the original work of fiction we follow the Mcleans through their joys and sorrows. However‚ the names of the characters and places are not purely coincidental. These are the same people and places known by Norman Mclean as he was growing up. In a sense‚ A River Runs Through It is Mclean’s autobiography. Although
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The 1916 Irish Easter Uprising Ever since the occupation of Ireland by the English began in 1169‚ Irish patriots have fought back against British rule‚ and the many Irish rebellions and civil wars had always been defeated. To quash further rebellion‚ the Act of Union was imposed in 1800‚ tying Ireland to the United Kingdom of England‚ Ireland‚ Scotland and Wales. Laws discriminating against Catholics and the handling of the Irish Potato Famine of 1845-50 led to increased tension and the proposal
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Easter Island is one of the most unusual places on the planet. In A Green History of the World Clive Ponting notes‚ “Easter Island is one of the most remote‚ inhabited places on earth. Only some 150 square miles in area‚ it lies in the Pacific Ocean‚ 2‚000 miles off the west coast of South America and 1‚250 miles from the nearest inhabitable land of Pitcairn Island‚” (Ponting‚ 1991). The extreme isolation of Easter Island or Rapa Nui is not the islands most distinguishing feature. The most interesting
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Buffalo Springfield Just love the name of this unique American rock band which also launched the careers of such popular artists as Stephen Stills‚ Richie Furay and Neil Young. Other members were Dewey Martin and Bruce Palmer. This group gained many fans because they combined rock‚ folk‚ and country music. One of their songs which sold millions of copies “For What It’s Worth” actually became a political anthem for the turbulent times of the late 60s. Buffalo Springfield came together in 1966 but
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