for Financial Reporting The Conceptual Framework was issued by the IASB in September 2010. It superseded the Framework for the Preparation and Presentation of Financial Statements. © IFRS Foundation A21 Conceptual Framework CONTENTS paragraphs FOREWORD THE CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING INTRODUCTION Purpose and status Scope CHAPTERS 1 2 3 4 The objective of general purpose financial reporting The reporting entity to be added Qualitative characteristics of useful financial information
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Framework for Financial Reporting I am from England‚ and here in the UK‚ unlike most countries‚ our system of government has no comprehensive written constitution. Many countries do have such constitutions and in these circumstances the laws of the land are shaped and influenced by the constitution. Now while the International Accounting Standards Board (IASB) is not a country it does have a sort of constitution‚ in the form of the Conceptual Framework for Financial Reporting (the Framework)
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EM6602 Accounting for Decision-Making and Control Microsoft’s Financial Reporting Strategy (HBR 9-100-027) Team Members Toh Wei Hong‚ Prashant Trivedi‚ Preethy Varadarajan Question 1 The difference between Microsoft’s market value and book value is primarily due to unrecorded intangible assets such as brand value‚ customer loyalty‚ human capital‚ and commercial advantages such as long-term contracts and market dominance. These intangible assets confer Microsoft a tremendous edge over its
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STATEMENT OF THE PROBLEM Main Problem: How can the ionization chamber detect if the environment is surrounded or has Radon? Sub- Problems: What are the primary sources of radon gas? What elements are found when radon decays? How can this gas cause different kinds of diseases? OBJECTIVE: Build a simple ionization chamber that is capable of detecting fairly low levels of radiation BACKGROUND OF THE STUDY Radon is a cancer-causing gas. It comes from the natural breakdown of uranium in soil
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Course Outline ACCO 310/1 Financial Reporting I Summer 2013 Session 2 General Information Course Number: ACCO 310 3 credits | | | | | | |Section |Professor Robert B. Campbell | | |
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Regulatory framework for financial reporting Introduction In the next couple of pages the author will firstly discuss the main advantages of the crossroad growing adoption of IFRS‚ and how does it particularly benefit investors and managers. The author will also be discussing the most significant challenges of the adoption and expansion of the IFRS in the future. Further more the author will‚ suggest how the IASB and its key constituents should face these challenges and overcome them. IFRS
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WEEK 3 – Summary of research problem and research objective 1. RESEARCH PROBLEM In this study researcher seek to determine a match between the duration of unemployment and the duration of education among youth in Malaysia. Unemployment among the youth is on the rise in many countries over the last decades. Up to this point‚ there is no research being conducted to scrutinize the employment process from school to work. Therefore‚ this research is carried out to analyze the labor market
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Since service delivery in banks is personal‚ customers are either served immediately or join a queue (waiting line) if the system is busy. Waiting line is what we encounter everywhere we go‚ while shopping‚ checking into hotels‚ at hospitals and clinics e.t.c in additional non-queuing environment‚ customers left confused as what line to stand in‚ what counter to go to when called by noisy crowded environment (Yechiali etal‚ 1995). They obvious but unfortunately at large either because nobody speaks for
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is good for diabetic people and children who do not eat vegetables. Nature of EDP “Ampy Jam” is the name of the product and it is manufactured by “EHRANETH ENTERPRISE”. The name “Ampy” is derived from its main ingredient which is the ampalaya. What made the product distinctive
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Fraudulent Financial Reporting Schemes Abstract Routine examinations‚ audits‚ or internal control procedures‚ do not reveal most accounting fraud. Only 20% is revealed by way of auditing‚ however whistle blowing accounts for most revealed accounting fraud. Financial statement fraud will usually occur in such schemes as: fictitious revenues‚ timing differences‚ concealed liabilities & expense‚ improper asset valuation‚ or asset/revenue overstatements (just to name a few)‚ (Frempong‚ 2012)
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