IAS 18 Income is defined as the increase in economic benefits. This is achieved through increase in assets or decrease in liabilities. And this would ultimately result in the increase in equity. Revenue is income generated through: sales‚ fee‚ interest‚ dividends and royalties. Objective of IAS 18 is to tell the accounting treatment of revenue. Revenue is recognized when it is certain that economic benefits would arise and if these benefits are measurable. Previous IAS 18 was approved
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DATA WAREHOUSES & DATA MINING Term-Paper In Management Support System [pic] Submitted By: Submitted To: Chitransh Naman Anita Ma’am A22-JK903 Lecturer 10900100 MSS ABSTRACT :- Collection of integrated‚ subject-oriented‚ time-variant and non-volatile data in support of managements decision making process. Described as the "single point of truth"‚ the "corporate memory"‚ the sole historical register of virtually all transactions
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Introduction Activity Based Costing (ABC) is a methodology that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to the actual consumption by each. By using ABC to assign the overhead costs to each activity‚ the following steps should be followed: 1. Identify and define activities using interviews and surveys. Then build a list of activities. • Activity name-usually consists of an action verb and an object.
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Property is still one of the safest assets to invest in. To what extent do you agree with this statements? The economies of many countries‚ nowadays‚ are not yet stable. Some economies are returning from the recession. Some are continuing to get worse. People are looking for a new business or a new job to earn an additional income. In this difficult economic situation‚ where everything is not always stable‚ people are looking to invest in something that will pay them remunerations for at least a
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US Investment in Automotive industry in Turkey Why to invest in Turkey? Successful economy: Turkey has a bright future and is expected to be the fastest growing economy among the OECD members during 2011-2017 with an annual average real GDP growth rate of 6.7 percent. Foreign direct investments have been an important part of building Turkey’s economy since 2003. It has enjoyed a sustainable economic growth with 4.3 percent annual average real GDP increase for the last 7 years and GDP growth
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Process costing is used for homogenous products (continuous flow processes such as producing cans of soda). Job-order costing is used in situations where the organization offers many different products or services‚ such as in furniture manufacturing‚ hospitals‚ and legal firms. Process costing is used where units of product are homogeneous‚ such as in flour milling or cement production. The purpose of a job order cost accounting system is to assign and accumulate costs for each job‚ i.e
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which cell has the larger resting membrane potential? Explain. If the permeability to K is higher in A than in B‚ then the resting membrane potential (rmp) will be closer to the equilibrium potential in cell A‚ which means the rmp will be more negative in cell A than in cell B; or in other words‚ the potential difference will be LARGER in cell A. 2. Predict the effect of a reduced extracellular concentration of Na+ on the magnitude of the action potential in an electrically excitable cell. If there
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20/03/2013 How to Wr ite in Your Own Wor ds: 7 steps ( with pictur es) - wikiHow How to W rite in Your Own W ords It sure is easy these days to use a dictionary or a thesaurus (especially online! ) or other guides to write out essays‚ papers‚ and articles. But what makes everything written so special is how unique it is. Writing can be a form of your emotions‚ characters are simply what the author’s imagination comes up with‚ it is a broad horizon‚ infinite. Go with the idea that is planted
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The formation of an action potential can be divided into five steps. (1) A stimulus from a sensory cell or another neuron causes the target cell to depolarize toward the threshold potential. (2) If the threshold of excitation is reached‚ all Na+ channels open and the membrane depolarizes. (3) At the peak action potential‚ K+ channels open and K+ begins to leave the cell. At the same time‚ Na+ channels close. (4) The membrane becomes hyperpolarized as K+ ions continue to leave the cell. The
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MARGINAL AND ABSORPTION COSTING Marginal costing is a technique in which production units are valued at marginal cost of production and fixed costs are written off as period costs. It follows that‚ stocks are valued using only the variable cost of production whereas fixed costs are treated as relating to the period and must be taken off in total. Management accounting is based on marginal costing. TERMINOLOGY USED. Gross contribution: Is the difference between sales value and variable costs
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