...Melinda Perez GMGT 695 Lack of Information Case Lack of Information (LOI) has 25 warehouses which contain asbestos. LOI has chosen not to recognize an asset retirement obligation for any of the warehouses. There are three different sets of facts as to why LOI is not recognizing an obligation. For each set of circumstances we will determine if LOI is properly omitting an asset retirement obligation or if further action is necessary. 23 of the 25 warehouses reside in states with special asbestos handling and removal laws. If the buildings are demolished or significantly renovated, LOI is responsible for the removal of the asbestos. For 10 of the 25 warehouses that reside in states with special asbestos handling and removal laws, LOI plans to sell the buildings without ever meeting the criteria to have to remove the asbestos and thus no obligation exists. ASC 240-20-55-58 and ASC 240-20-55-60 state that although timing of the performance of the asset retirement activity is conditional on the factory undergoing major renovations or being demolished, existing regulations create a duty or responsibility for the entity to remove and dispose of asbestos in a special manner, and the obligating event occurs when the regulation is put in place (55-58) or when the entity acquires the factory (55-60). LOI’s plans to sell the building in the next five years signifies an active market for the transfer obligation and meets the criteria for recognizing the fair value of the retirement...
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...Memorandum To: The Files Date: January 19, 2016 RE: Asset Retirement Obligations / for Lack of Information the “Client” Purpose: To determine the appropriate accounting treatment for potential asset retirement obligations associated with existing “asbestos” in a warehouse owned by the client (LOI). Background/Facts: * Client owns and operates fifty warehouses located in several states. * Twenty-five of these warehouses contain asbestos, a cancer causing substance. * Twenty-three of theses warehouse are located in states that have special laws and regulations with requiring special handling upon the demolitions or significant remodeling of the warehouses. * Thirteen of theses warehouses have been owned and operated for fifty years. * Ten are expected to be sold to third parties over the next five years. * Client (LOI) believes that because will never effectively have to settle the obligation to remove the asbestos from the building(s), it does not have an asset retirement obligation that needs to be recognized. * Client (LOI) believes that there is not sufficient information (based on ASC 410-20- 25-10) to determine the fair value of the asset retirement obligation as it is currently uncertain as to whether LOI will be required to remove the asbestos. * Client (LOI) does not have sufficient information to measure its asset retirement obligation due to an indeterminate settlement date based on the guidance in ASC 410-20-25-10 * The...
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...To: Controller of LOI, Files From: Accounting Class Re: Recognition of Asset Retirement Obligations for Lack of Information Date: June 2, 2014 Background Lack of Information (LOI) owns and operates 50 warehouses throughout the country. As part of LOI’s efforts to identify potential asset retirement obligations, LOI’s internal audit group held interviews with all 50 of the warehouse managers and also performed site visits at each of the 50 locations. The related findings of the interviews and site visits noted the following facts: Number of Warehouses | State Laws | Plans to Sell | 25 w/ no asbestos | N/A | N/A | 2 w/ asbestos | No state requirements re: removal of asbestos when significantly renovated or demolished | * Under contract to sell * Buyer has option to require LOI to remove asbestos * LOI believes only 10% chance Buyer will require removal | 10 w/ asbestos | State laws requiring removal of asbestos when significantly renovated or demolished | To be sold w/in 5 years | 13 w/ asbestos | State laws requiring removal of asbestos when significantly renovated or demolished | Plan to operate indeterminately | Issue Should LOI recognize an asset retirement obligation for each of the categories of warehouses with asbestos? Analysis FASB Accounting Standards Codification (ASC) Subtopic 410-20 Asset Retirement Obligations presents the relevant guidance on asset retirement obligations. Per ASC 410-20-15-2, asset retirement obligations include: “a...
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...appropriate treatment of the ARO estimation problem experienced by the Lack of Information (LOI) based on the findings from interviews with all 50 of the warehouse managers and on-site visits at each of the 50 locations of its warehouses countrywide. The onsite observations search for any evidence of damages in both the on-site property like the roof, walls, floors and general conditions. The interview with the managers obtains information about the characteristics of the warehouses that are not readily observable. The information obtained is very important in the preparation of the fiscal year reports and the determination of the disposal price. Accounting The auditor makes sure that all the assets accounted on the balance sheet are real, the management in addition, has the authority over any asset they claim the organization owns, and that there are no claims against the assets in the balance sheet that aren’t recorded. The on-site visits and the manager interviews therefore provided sufficient proficient evidential matter that afforded the reasonable basis for the opinion regarding the fiscal year statement being audited (The Codification of Statements on Auditing Standards, AICPA, and AU Section 326) Categories of findings According to the interviews and onsite visits findings 23 warehouses reside in states with special asbestos handling and removal laws during building demolitions or significant renovation. LOI plans to sell 10 of these warehouses within the next five years...
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...No emotion, no feeling, nothing, just blissfully content with life. This is life for everyone in Lois Lowry’s The Giver except for Jonas and The Giver; they experience all memory, every second of pain, and every moment of delight only they feel. Society today is like the society in Lois Lowry’s The Giver in how it makes sure that most people are happy but without pain or grief there can be no happiness only the serene feeling of peace. The societies are also very different because in Lois Lowry’s The Giver there is no feeling, but in society today you cannot avoid feelings everything is based off feeling, facts are based off feeling, and you can’t avoid hurting someone’s feelings. The problem in both of these societies is that they both ignore...
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...Actualizing Free Primary Education in Kenya for Sustainable Development by Mbatha Mathooko, Ph.D. pmathooko@yahoo.com Jomo Kenyatta University of Agriculture and Technology, Nairobi, Kenya Abstract The right to education is one of the basic human rights stipulated in the Universal Declaration of Human Rights, 1948. In Kenya, this right has recently been livened through the launch of the Free Primary Education program (hence FPE) by the newly elected NARC government. The FPE program is faced with major challenges that range from lack of facilities, few teachers, over-age children, street children, no books, lack of finances and socio-cultural impediments such as HIV-AIDs. The FPE has been received with mixed feelings from different sections of the society. While some have expressed feelings of discontentment, failure, betrayal among others, many low income members of the population view it as a God sent opportunity. While a lot of concern has been raised, little has been advanced concerning the propagation of the actual learning itself. This paper seeks to underscore some of the pertinent issues concerning actual instruction in the FPE program. A glaring gap, which poses a major challenge to the success of the FPE, exists in terms of the language of instruction. The existing language policy disregards mother tongues as tools of disseminating knowledge and does very little to promote them. The paper suggests the training of teachers to equip them with skills in mother tongue instruction...
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...MEMORANDUM TO: SCOTT WHISENANT FROM: VICTOR RENDON RE: LACK OF INFORMATION DATE: 10/30/2011 Overview The appropriate recognition/measurement of asset retirement obligations in regard to the following situations: 1. The ten warehouses that will likely be sold before being required to remove the asbestos. 2. The two warehouses in states without special asbestos handling and disposal laws. 3. The thirteen warehouses for which the settlement date is indeterminate. Literature Statement 143 Paragraph 35 of FASB Concepts Statement NO. 6, Elements of Financial Statements, Characteristics of a liability 1. It embodies a duty or responsibility 2. There is little or no discretion to avoid a future transfer or use of assets to satisfy the obligation, and 3. The obligating event has already occurred. In June 2001 the FASB issued a Statement No. 143, Accounting for Asset Retirement Obligations requiring entities to record liabilities for tangible, long-lived assets that must be retired or disposed of in a specified way by law or contract. Such liabilities are known as Asset Retirement Obligations (AROs) ASC 410-20-25-13 If a current law, regulation, or contract requires an entity to perform an asset retirement activity when an asset is dismantled or demolished, there is an unambiguous requirement to perform the retirement activity even if that activity can be indefinitely deferred. At some time deferral will no longer be possible, because no tangible asset will last...
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...2/26/2012 English 2, paper 2 The Effect of Knowledge on Happiness and Relationships There is a common expression that "Ignorance is bliss." It implies that not knowing about a potentially troubling situation allows for more happiness. Can this be the case for most people? Would people be happier if they lacked knowledge about their surroundings and lives? Does gaining knowledge push people away from their loved ones? These questions surface in the novel The Giver by Lois Lowry. They arise from a society where knowledge is only kept by a select few. This lack of information keeps the people happy, but possibly not to the extent they could be. In the novel The Giver there exists a society in which there is no emotion or feeling. A world with no choices and no individuality, where everything is set out for everyone. Most importantly in this society, people have no memories of times before their own lives began. This lack of knowledge is the reason no one experiences feelings for they have no idea of what feelings are. They don't know love, pain, fear or happiness. The main character Jonas, a boy of 12, lived this way until he was chosen, like the rest of the children his age, for his occupation. Jonas received the position of receiver, the person in charge of keeping every memory of the society to themselves. As the receiver Jonas would receive every memory of times before, including feelings and emotions. As Jonas received more and more memories, he began...
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...group lead by a man named Victor Houteff who had some differing beliefs from the church. Houteff was convinced there were errors in the Adventists doctrines and practices and wrote a book called The Shepherd’s Rod outlining these errors and it caused some conflict within the church. He with 11 members founded the Mt. Carmel Center near Waco Texas; they also called their group The Shepherd’s Rod. (Robinson, 2003) Houteff and his group believed that Christ's return would only occur when at least a small number of Christians had been sufficiently purified. He believed that he was a messenger sent by God to conduct this cleansing. The cleansing and tasks he saw this group as being responsible for had two parts. The first was to reveal secret information contained in a scroll described in the book of Revelations. This scroll, described as having seven seals, they believed told of exactly when and how Jesus would return and how the world would end. The second task required the purifying of this small group and once done would bring about the downfall of Babylon (our current world) and would establish the Kingdom of David in its place. They felt that they were the chosen group. Infighting went on within the Seventh Day Adventists Church for many years until a complete break away occurred in 1942 when the Seventh-Day Adventists Church would not grant conscientious objector status to its members during World War II. Houteff then changed the group’s name to the Davidian Seventh-Day Adventists...
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...ENG2602/101/3/2015 Tutorial letter 101/3/2015 GENRES IN LITERATURE AND LANGUAGE: THEORY, STYLE AND POETICS ENG2602 Semesters 1 & 2 Department of English Studies IMPORTANT INFORMATION: This Tutorial Letter contains important information about your module. CONTENTS Page 1 INTRODUCTION .......................................................................................................................... 3 2 PURPOSE OF AND OUTCOMES FOR THE MODULE............................................................... 4 2.1 Purpose ........................................................................................................................................ 4 2.2 Outcomes .....................................................................................................................................4 3 LECTURER(S) AND CONTACT DETAILS................................................................................... 5 3.1 Lecturer(s) .................................................................................................................................... 5 3.2 Department ................................................................................................................................... 6 3.3 University ...................................................................................................................................... 6 4 MODULE-RELATED RESOURCES ..................
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...L1 Contracts /'kɔntrækt/ N. hợp đồng, giao kèo, khế ước, giấy ký kết .......... 3 L2 Marketing (thị trường, nơi tiêu thụ; khách hàng)................................. 3 L3 Warranties /wɔrənti/ ........................................................................ 4 L4 Business planning ............................................................................ 5 L5 Conferences /'kɔnfərəns/ hội nghị ...................................................... 5 L6 computers ....................................................................................... 6 L7 Office Technology ............................................................................. 6 L8 Office Procedures .............................................................................. 7 L9 Electronics (điện tử) .......................................................................... 7 L10 Correspondence (quan hệ thư từ, sự phù hợp) .................................... 8 L11 Job Advertising and Recruiting .......................................................... 8 L12 Applying and Interviewing ............................................................... 9 L13 Hiring and Training .......................................................................... 9 L14 Salaries and benefits .................................................................... 10 L15 Promotions, Pensions and Awards ................................................. 10 L16 Shopping .....................................................
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...AIDS LEGAL Network Q A Publication of the AIDS Legal Network • September/November 2008 Patrick Eba One size punishes all… A critical appraisal of the criminalisation of HIV transmission Lauded by lawmakers as an expression of their strong will to ‘fight AIDS’, HIV-specific laws have become a ubiquitous feature of the legal response to HIV in sub-Saharan Africa1 As of 1st December 2008, twenty countries in ECOWAS Parliament, the West African Health Organisation sub-Saharan Africa had adopted HIV-specific laws.2 (WAHO), the Center for Studies and Research on HIV-specific laws or ‘omnibus HIV laws’, as they are Population for Development (CERPOD), the Network of sometimes ironically referred to, are legislative provisions Parliamentarians in Chad for Population and Development that regulate, in a single document, several aspects of HIV and the USAID West African Regional Programme.3 and The stated objective of these HIV-specific laws, as communication; HIV testing, prevention treatment, care provided under several of their preambulary provisions, and support; HIV-related research; and the protection of is to and AIDS, including HIV-related education people living with HIV. The emergence of HIV-specific …ensure that every person living with HIV or laws in sub-Saharan Africa can be traced to the adoption presumed to be living with HIV enjoys the full of the Model Law on STI/HIV/AIDS for West...
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...|Topic |Web | |3 |Revolution | Bài 3: Cuộc cách mạng Web By the end of this topic, you should be able to: 1. Define electronic commerce; 2. Describe electronic major mechanisms; 3. Discuss common e-commerce applications and some major support services; 4. Explain wireless mobile computing and commerces and 5. Discuss location-based commerce and pervasive computing. Kết thúc bài này, bạn có thể: 1. Xác định thương mại điện tử; 2. Mô tả các công cụ điện tử chính; 3. Thảo luận về các ứng dụng thương mại điện tử phổ biến và một số dịch vụ hỗ trợ chính; 4. Giải thích điện toán di động không dây và commerces và 5. Thảo luận thương mại dựa trên địa điểm và máy tính phổ biến. INTRODUCTION According to a study by IDC, Malaysia Internet and E-Commerce 2006--2010 Forecast: Tracking the Development, Malaysia is expected to register a strong growth of 70 % in electronic commerce (EC) spending in 2006. Business-to- consumer (B2C) EC spending is expected to record a healthy increase of 43% to reach US$2.8 billion (RM9.8 billion) from US$1.9 billion (RM6.65 billion) in 2005. Malaysia's business-to-business (B2B) EC spending is expected to register a high growth of 77% to US$13.6...
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...methods of executions. Taking into consideration it's positives, lethal injection is more humane than other options of executions. To start, some death penalties in U.S.’s history are more cruel and unusual compared to lethal injection. Hanging was one of the earliest methods of execution used in the United States. As a punishment for violation of certain crimes, hanging was considered very effective because of its simplicity and social impacts. Before the execution, the prisoner's hands and legs are secured, he or she is blindfolded, and the noose is placed around the neck, with the knot behind the left ear ("Descriptions of Execution”). Theoretically, the prisoner’s weight should cause instantaneous death. According to the Death Penalty Information Center, sometimes this is not the case. ”If the inmate has strong neck muscles, is very light, if the drop is too short, or the noose has been wrongly positioned, the fracture-dislocation is not rapid and death...
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...experience, the challenges for the future of HRM? 6 a) In general 6 b) In our company 7 Solutions to meet these HRM Challenges 10 a) Improving Performance Management 10 b) Employee Empowerment 11 c) Vocational Training 12 d) Postgraduate program design and updates 13 Conclusion 14 Executive Summary HRM is a key pillar of organization’s strategy aimed to improve overall performance and enhance work conditions. Nowadays and specially after the economic crisis, HR managers are facing several problems affecting the companies performance and thus their competitivity. In our study, we identify that the main problems are: Hiring the right persons, retaining performing employees, manage performance, monitor turnover and the lack of communication. The second part is about raising HR managers’ challenges. Among them, enhancing employee engagement, reduce absenteeism, managing talents, enhance branding, avoid brain drain and improve collaboration...
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