(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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Chapter 4 : Account Titles and Preparation of Financial Statements | Article 14 : The balance sheet items shallbe categorized as follows: 1. Assets. (1) Current assets. (2) Funds and long-term investments. (3) Property‚ plant and equipment. (4) Depletable assets. (5) Intangible assets.
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Not-for-Profit According to Merriam-Webster.com‚ Not-for-Profit‚ also known as nonprofit is defined as‚ “not existing or done for the purpose of making a profit.” Whereas For-Profit is the opposite and is defined as “existing or done for the purpose of making a profit.” I am an ethnographic researcher for a popular organizational behavior research journal. In this article‚ we will be looking at 2 popular and major organizations‚ where one is Not-for-Profit and the other is For-Profit and identifying
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Change is like the domino effect. When something major changes‚ it will cause something else to change and that will cause something else to change and so on. Revolutions call for change in the world. They happen because the people want change from their government. The French Revolution was one of the biggest revolutions in history. Although the French Revolution happened so that the government would change‚ other things changed as well. During the enlightenment‚ new ideas were constructed
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German nationalism did change between 1789 and 1840‚ regarding their aims‚ characteristics and demographics‚ but only to some extent. The changes and continuation of nationalism were essentially affected by the international context and the domestic factors which both stimulated and stagnated German nationalism throughout the period. Although the nationalists may have not achieved their ultimate aim for political unity by 1840‚ the events during this period had indeed strengthened the ’cultural
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_______________________ private investors as opposed to a term loan‚ which is from a bank. ______________________________________________________________________________ AS-3 ( 4 ) An investor pays $83‚333 for a bond‚ but will receive $100‚000 when the bond matures. Has the investor bought the bond at a discount or at a premium? The investor has bought the bond at a discount. A discount bond is bought below par (face ______________________________________________________________________________
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(openness) is believed to be what led to the downfall of the Soviet Union.In addition‚it was about testimonies of young people had while the had cadifficult time overcoming the political reformation. Individuals were not prepared for the change in the economy.During the transition of the USSR there was a huge increase in inflation Hurting people because they couldn’t afford food or normal household supplies.They went from solid‚ stable childhoods‚ to struggling for food.The disillusionment
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it well; instead they depended on brutal opposition to the new world being created around them. African Americans were free‚ however they actually had only a couple of civil privileges and no voice in government. The Civil War created far-changing changes in American life. For example‚ the end of slavery‚ President Lincoln issued the Emancipation Proclamation‚ which liberated slaves in Confederate states. During the late spring of 1862 Lincoln concluded that the Emancipation was required because the
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Chapter 5 Accounting for Merchandising Operations Chapter Summary Merchandising Operations • A merchandising company is an enterprise that buys and sells goods to earn a profit. • Measuring net income for a merchandising company is the same as for a service company through matching of expenses with revenues. • In a merchandising company‚ the primary source of revenue is the sale of merchandise‚ which is called sales revenue or sales. • Expenses for merchandising
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Table of Contents Case 1 Introduction Jill’s business is expanding while the up going GST prevent her from gaining more profits. The idea of replacing the labor with the help of new equipment will bring about an unprofitable break-even point. However Jill still insist on borrowing from bank to invest in the equipment regardless of the CVP analysis result‚ which raised some ethical issues. Analysis Question 1 Defining the stakeholders There are 5 major stakeholders arising
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