chapter 1 Conceptual and regulatory framework Contents Introduction Examination context Topic List 1 Financial statements 2 Purpose and use of financial statements 3 Bases of accounting 4 The IASB Framework 5 International Accounting Standards Committee Foundation (IASCF) 6 International Financial Reporting Standards (IFRS) 7 Inherent limitations of financial statements 8 Not-for-profit entities Summary and Self-test Technical reference
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2 The Indian Economy Executive Summary The Indian Economy is currently experiencing strong growth adverse to difficulties witnessed after the global financial crisis. Current GDP levels at approximately $1.5 US Dollars as the fifth largest economy in the world. The aim of this paper is to address macroeconomic conditions that may affect India’s ability to maintain high levels of growth. Monetary and Fiscal policy have been analysed and recommendations made to manage inflation‚ employment
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Hewitt (2010)‚ an eHow Contributor said that Single-parents families are defined as households in which there is at least one child under the age of 18 and there is only one parent in the household because of divorce‚ death or because the parent never married. Moreover‚ Cox (1984) emphasized that the largest percentage of single-parent families result from divorce followed by death of a parent. According to Medina (2005) there are different types of a single-parent family. First is the widow or widower
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organize capitalism. Hence‚ the first and main reform was the National Recovery Act (NRA)‚ this was a law passed by the United States Congress in 1933. It was designed to support the President to control businesses to raise prices after severe deflation to stimulate economic recovery. Also‚ established a national public works program known as Public works Administration. In contrast‚ the national Recovery Act (NRA) took total control of the economy by the government‚ management‚ and labor‚ such things that
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6/27/10 English 101 cal Dr. O’Connor The effects that sweatshops have on the economy In recent discussions of economics‚ a controversial issue has been whether sweatshops should be shut down in foreign countries. On one hand‚ some argue that sweat shop labor should cease to exist in foreign countries because of
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thought of its own. Robots are said to be the future of mankind. WHAT IS THE USE OF ROBOTS IN HEALTH CARE SECTOR? Scientists say that‚ by 2050 one in four people in the world will be over the age of 65. The NHS will be unable to cope with the likely increase in chronic illness. To meet this challenge‚ health and local authority services must reconfigure‚ placing greater emphasis on community care and the effective use of technology. One promising technology is robotics. WHAT IS ROBOTICS? Robotics
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so will poverty. Being a developing country‚ the increasing growth rate is dragging India into a vicious cycle of population and poverty‚ which leads to a development trap. This further increases other problems like illiteracy‚ unemployment and inflation. Eradication of poverty is a very long-term goal in India. But poverty alleviation is expected to make better progress in the next fifty years than it did in the past. An increasing stress on education‚ the increasing empowerment of women and the
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INFLATION: In the 1970s the prices of most things Americans buy more than doubled. Such a general increase in prices is called inflation. Prices of selected goods may increase for reasons unrelated to inflation: the price of fresh lettuce may rise because unseasonably heavy rainfall in California has ruined the lettuce crop‚ or the price of gasoline may rise if the oil-producing countries set a higher price for oil. During inflation‚ however‚ all prices tend to rise. Over the last 400 years
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A sustained rise in the prices of commodities that leads to a fall in the purchasing power of a nation is called inflation. Although inflation is part of the normal economic phenomena of any country‚ any increase in inflation above a predetermined level is a cause of concern. High levels of inflation distort economic performance‚ making it mandatory to identify the causing factors. Several internal and external factors‚ such as the printing of more money by the government‚ a rise in production
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