...service center in Denver decrease 40%. Situation #1: Euker’s legal counsel has determined that Euker is entitled to insurance recovery for the fair value of the manufacturing plant in excess of the deductible, and the recovery is probable. Issues: * According to the Accounting Standard Codification (ASC) 235-10-50-3, in the notes to financial statements, the disclosure shall identify and describe the accounting principles followed by the entity and the methods of applying those principles that materially affect the determination of financial position, cash flows, or results of operations. In general, the disclosure shall encompass important judgments as the appropriateness of principles relating to recognition of revenue and allocation of asset costs to current and future periods. In this case, the insurance recovery can materially affect the determination of financial position and results of operation. As a result, the company should disclose the insurance and its accounting principle in the notes to financial statements. * Although the insurance recovery for the manufacturing plant has not been received, it is deemed probable. Adequate disclosure shall be made of a contingency that might result in a gain, but care shall be exercised to avoid misleading implications as to the likelihood of realization (ASC 450-30-50). The insurance recovery is determined to be probable, which means it might result in a...
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...Accepted Accounting Principles (GAAP) and Income Tax Basis Basis of Depreciation 2 Abstract The basic concept of depreciation is based on the assumption that most property, plant, and equipment assets or depreciable assets have a useful life over which they are consumed. The portion of these depreciable assets consumed through usage or obsolescence is what accountant refers to as depreciation. The measurement of depreciation according to Generally Accepted Accounting Principles (GAAP) follow the “cost principle” and “matching principle”; in that depreciable assets cost should be valued at their original or historical cost, and that depreciation expense is recognized in the same period the benefit was derived from the consumption of the said asset. On the other hand, Income Tax Basis follows the concept of “recovery period”; in that businesses recover the cost of the depreciable assets faster because the period (useful life) is accelerated. This paper will compare and contrast Income Tax Basis for depreciation and GAAP basis for depreciation. Basis of Depreciation 3 Basis of Depreciation A Comparison Between Generally Accepted Accounting Principles (GAAP) and Income Tax...
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...Sleeper Ottawa University December 7, 2015 First Person Authorization….Is Objection an Option? Midwest Transplant Network (MTN), is a not-for-profit Organ Procurement Organization (OPO), which provides procurement services for the recovery of organs and tissues utilized for transplant purposes. Some individuals choose, while living, to become donors of these tissues upon their death. This is termed a “first-person authorization” and is a legal binding document that cannot be revoked by the family or legal next-of-kin. However, there are occasions where families fiercely object to donation and MTN must reflect on what path is the most ethical to pursue; follow the wishes of the donor or concede to the objection of the family. This paper will examine the three theories of ethics: utilitarian, principle-based, and virtue and discuss which theory applies to this ethical dilemma. Introduction Midwest Organ Bank was originally founded in 1973 with the sole purpose of providing organ transplant and procurement services to transplant centers and hospitals throughout Kansas and Western Missouri communities. Organs recovered for transplant included kidneys, liver, heart, lung, pancreas, and intestines. In 1990 Midwest Organ Bank added tissue recovery services to their scope of practice to enable the transplant of life-enhancing tissues. These tissues included heart valves, bone, skin, and blood vessels. In 1998 the addition of eye banking services was added in order to provide...
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...Executive Summary In 2005, Bank for International Settlements (BIS) came up with 7 high-level principles on business continuity and was issued to various financial industry participants as guidelines. The 7 principles provide a comprehensive overview of the necessary steps for business continuity planning. Financial industry participants are required to develop respective business continuity planning in accordance to the 7 high-level principles. There are various incidents within the last decade that has resulted in major operational disruption to financial industry. However, with the guidance of the 7 high-level principles, most of the participants were able to cope with crisis well and survive through the crisis. In this report, several case studies were researched and commented on their business continuity planning. Subprime crisis which caused the collapse of Lehman Brothers has caused a significant stir in the financial industry. Many counterparties ended up with huge exposure and default due to the fall of Lehman Brothers. However, Euroclear was able to manage the crisis well after it activated its crisis management plan which has been developed before the crisis. Similarly, terrorist’s attack on New York World Trade Center has not only caused major security issues but has also significantly affecting the financial industry. Bank of America and Deutsche Bank were the direct victims of the terrorist attack. Both banks remained sound operation and survived through the...
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...Credit Management |Program |: |MBA |Class of |: |2007 | |Semester |: |IV |Sessions |: |33 | |Course Code |: |BKG 607 |Credit |: |3 Units | Objective The objective of this course is to provide the students with adequate knowledge about the management of Credit portfolio in banks. It will provide sufficient inputs to enable the student to develop an insight regarding the different phases of Credit management. |Reference Books |Author / Publication | |Credit Management |ICFAI | |Practical Banking Advances |H.L.Bedi and V.K. Hardikar/ UBS Publishers | |The Bank Credit Analysis |Jonathan Golin/John Wiley & Sons | |Frontiers in Credit Risk |Gordian Gaeta/ John Wiley & Sons | |Money, Credit and Capital |James Tobin/McGraw | |Credit Risk |Michael...
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... Meaning and Concept of Sports Training :- Training means a process of preparation for some particular task and Sports Training is a continuous & systematic process which based on scientific principles for preparing a sportsperson for the higher performance in the particular sports competitions . Systematic training improves the fitness level for their sports achievement . In order to achieve best results in sports , a systematic and regular training is necessary with the help of special rehabilitation treatment , use of extra training , extra competitions, assessment of performance , special nutrition and psychological training etc. So, we can say that Sports Training is a systematic and regular process which is generally used for long duration to get the highest performance in sports . PRINCIPLES OF SPORTS TRAINING Sports training is a systematic process of preparing sportspersons for higher performance in sports . The whole process of training can be successful with the help of Sports Medicine , Sports Psychology , Sports Bio-mechanics , Sports Sociology , Exercise Physiology etc. The Important PRINCIPLES OF SPORTS TRAINING are described below for the proper formulation of the training process :- 1) The Principle of general and specific preparation:- General preparation serves as the base of specific preparation . As a matter of fact , the performance will be better if the base is better . General preparation increases...
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...Narcotics Anonymous Narcotics Anonymous (NA) is the most well-known and widely available self-help group for drug addicts in treatment and recovery. Unlike Alcoholics Anonymous, which is limited to alcohol problems, Narcotics Anonymous is open to substance abuse problems of all kinds. NA uses fellowship and a set of guided principles—the 12 steps—to help members achieve and maintain sobriety. The twelve recovery steps include admitting powerlessness over the addiction and surrendering to a “higher power,” which you can interpret according to your own beliefs. A key part of a 12-step program is choosing a sponsor. A sponsor is a former addict who has time and experience remaining sober and can provide support when you’re dealing with the urge to use. NA members attend group meetings facilitated by other members—all recovering drug addicts. Meetings take place on a regular basis, at various times, and in many different locations around the world. Members are free to attend any of the many meetings held each week. The 12 steps The twelve-step process involves: •admitting that you are powerless to control your addiction or compulsion •recognizing a higher power “as you understand it” that can give strength •reviewing the mistakes you’ve made in the past, with the help of your sponsor •making amends for past mistakes and wrongs •learning how to live a new life, free from old unhealthy habits and ways of behaving •helping fellow drug addicts Other self-help...
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...Cost Recovery in the Increasing Block Tariff System in India Introduction The need for imposing a tariff on the consumption of water domestically by households arises for the basic reason of revenue sufficiency. Due to the economic diversity prevalent in the society and diversified and potential inequitable use of the good, this tariff has to be determined keeping in mind the basic principles of equity and fairness and should be made to be economically efficient. Hence, reasonable objectives for an adequate tariff scheme would be all of these three, revenue sufficiency, economic efficiency and equity and fairness. This literature survey would concentrate only on the first aspect, that of revenue sufficiency vis-à-vis imposition of water tariffs. The various single-part tariff systems followed in major cities in India include increasing block tariffs (IBT), uniform water tariff, linear water charge and a pre-determined annual flat rate. The first three are for connections that are for connections that are metered and the last one is for connections that are unmetered. This literature survey seeks to assess whether the tariff system of increasing block tariff is adequate for production cost recovery in the Indian cities that it is being currently implemented and to ascertain the possible reasons for such a deficit, if at all there is any, by comparing the literature currently available on this topic. Literature survey With respect to production cost recovery through...
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...This assignment will discuss the application of the Cognitive Behaviour Therapy (CBT) in mental health nursing with reference to its principles and those of the Recovery Model. A brief discussion of CBT’s historical and developmental background in the management of mental health problems relating to the principles of recovery model will first be outlined. Subsequently, the range of treatment modalities used for depression preceding the start of CBT will be discussed with reference to the recovery model. The principles of CBT will then be evaluated and two CBT approaches used with depression will be explored giving a rationale for choosing them. Within the context of mental health care provision, limitations of CBT will then be explored. The assignment will conclude with highlighting the importance of adapting and using CBT approaches and the future development of new models of nursing practice. Confidentiality will be maintained throughout, in line with the Nursing and Midwifery Council (NMC, 2008). A list of appropriate literature and references will be provided. CBT is a psychological and behavioural treatment therapy that seeks to identify, evaluate and restructure dysfunctional beliefs, thoughts and emotional disturbances focusing on the here-and-now principle for conditions such as anxiety and depression (Bennett, 2011). It is based on the idea that the way people think is affected by their thoughts, beliefs and behaviour, hence helping clients to acknowledge how this...
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...The recovery model is a holistic, client centered approach commonly used with the mental health population. This model believes that it is possible for an individual to recover from mental health and live a fulfilling satisfying life. The most effective way to do this is for intervention to be client-centered and holistic, meaning recovery should involve the whole person including their mind, body, spirit and community. All aspects that make up the person should be analyzed. Collaborative relationship with client is also essential with this model. The needs of the client, what they consider meaningful is very important. It allows for an increasing in motivation, therefore an increase in participation. This model is also based on 10 guiding...
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...form of leadership. This creates the principles needed for the organization to run effectively and in an ethical manner. For Riley’s Recovery Center I will be creating these as well as talking about the organizational culture, leadership and oversight. Opinions from board members and stakeholders will also be considered when creating these documents. The purpose of these documents is to serve as a guide to all involved in the organization. Riley’s Recovery Center is a nonprofit organization that helps addicts and alcoholics of all ages that reside within Washtenaw County. Riley’s Recovery center accepts insurance in order to receive treatment. If a client does not have insurance or their insurance company does not cover their treatment we have alternative sources for payment. Our organization works with the State of Michigan in order to find alternative sources of funding. The programs we offer cover all areas of sobriety. We have a detox center within our rehabilitation facility. Most of our clients check into the detox center before entering the inpatient Rehabilitation dorms because they are going through withdrawals. The Detox center allows our clients to be monitored by medical professionals. Our Rehabilitation dorm stay, ranges from one month to three months depending on the amount of help each individual needs. Within the Rehab dorm we offer group counseling and individual counseling as well as classes on sobriety. Riley’s Recovery also consists of transitional housing...
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...discuss the AA group’s philosophical orientation to human development. While using the writer’s knowledge of therapeutic factors, the paper will analyze the group process and its stage of development. The paper will also discuss the approach of the leader, often called ‘trusted servants” or “secretary”. Finally, the paper will discuss the use of the reconstructive inventory steps of 4-10 and how the writer would work with a client who was seeing her in individual or family counseling. Alcoholics Anonymous has a well-defined recovery program that AA members have been following since the founding of the group (Alcoholics Anonymous, 2014). In 1939, the group published its basic textbook, Alcoholics Anonymous, also known as the Big Book (Alcoholics Anonymous, 2014). The Big Book explained AA’s philosophy and methods, the core of which is the now well-known Twelve Steps of recovery (Alcoholics Anonymous, 2014). The Twelve Steps are the core of the recovery program, which are based on the trial-and-error experience of early members of AA (Alcoholics Anonymous, 2014). The Twelve Steps are not simply a set of tasks to be carried out (personal communication, September 30, 2014). They are a guide for living and being in the world, and, for many individuals, they become a way of life as well (personal communication, September 30, 2014). According to AA, members who make an earnest effort to follow these Steps and to apply them in daily living seem to get far more out of AA than do those...
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...personal wealth. All ten of the principles of economics are directly related to the decision to purchase a house on some level. These economic principles will have an impact on the purchasing decision and the long term financial aspects of home ownership so it is wise to incorporate these ten principles into the decision making process to ensure a sound financial decision is the outcome. When considering the purchase of a house, the ten principles of economics that need to be addressed can be broken down into three stages of the decision making process. The first step is to examine how the decision is made by incorporating the first four principles of economics which include, the trade off that comes with every financial decision, the real cost of any item or service is what is given up to get the item or service, rational people think at the margin, and people respond to incentives. Once it is clear how the decision is made, the next three principles of economics address how people interact with economics and include factors such as, trade is beneficial to everyone, markets are a good way to organize economic activity, and the government can improve the markets with fiscal policy and all three will have an impact on the decision to purchase a home. The final leg of the decision making process includes taking into consideration the last three economic principles which speak to how the economy works as a whole and include economic principles such as, a country's...
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...PrinciPles and rules for red cross and red crescent Humanitarian assistance www.ifrc.org Saving lives, changing minds. The International Federation of Red Cross and Red Crescent Societies (IFRC) is the world’s largest volunteer-based humanitarian network, reaching 150 million people each year through our 187 member National Societies. Together, we act before, during and after disasters and health emergencies to meet the needs and improve the lives of vulnerable people. We do so with impartiality as to nationality, race, gender, religious beliefs, class and political opinions. For more information, please visit www.ifrc.org. © International Federation of Red Cross and Red Crescent Societies, Geneva, 2013 Any part of this document may be cited, copied, translated into other languages or adapted to meet local needs without prior permission from the International Federation of Red Cross and Red Crescent Societies, provided that the source is clearly stated. Requests for commercial reproduction should be directed to the IFRC at secretariat@ifrc.org. Principles and Rules for Red Cross and Red Crescent Humanitarian Assistance 1263500 10/2013 E 250 PrinciPles and rules for red cross and red crescent Humanitarian assistance adopted by the XXi international conference of the red cross (istanbul, 1969) – revised by the XXii, XXiii, XXiV, XXV and XXVi international conferences, tehran (1973), Bucharest (1977), manila (1981), Geneva (1986, 1995 noted)1 2 > PrinciPles and...
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...12 step reflection paper 12 Steps to recovery is it for you? The 12 steps to recovery is used as an aid with other therapies not just by its self. It is not for everyone, every addict needs a unique/different approach to recovery, and the approach that will work best for you is dependent on your individual beliefs, needs and circumstances. In my opinion Faith in a higher power is one of the most important things needed in the traditional 12-step process. So therefore if you do not believe in any kind of higher power the 12 step programs are probably not for you. If your faith is important to you, you may need to find a program that will allow you to really embrace your beliefs. For many people, a traditional 12-step approach works for them, but others need to focus on a more tangible way of focusing on their recovery. The 12-Steps are more than just a way for some people to stay sober. They’re a map for living life as a whole being in their interpretation. They consist of the universal spiritual principles like tell the truth, treat others as you’d want to be treated, monitor your failures, apologize for them and make things amends if you can do so without hurting others. The Steps provide tools for living a full, satisfying, meaningful life. These steps mean admission of alcoholism, it’s a personality analysis and catharsis, adjustment to personal relations, dependence upon some higher power and working with other alcoholics to better themselves together. Step...
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