Case 12-03 Provisions and Contingencies The appropriate accounting standards to recognize and measure are IAS 37 under IFRS and FAS 450-20 under GAAP. Some examples of provisions are given in IAS 37. Standards | IFRS IAS 37 | U.S. GAAP 450-20 | RecognitionIFRS 14 – 35GAAP 450-20-25 | Recognize a Provision when: a) a present obligation exists b) probable outflow of resources (probable = more likely than not) c) a reliable estimate can be madeIf all conditions are not met, no provision
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Sex differences in parental investment and sexual selection investigation. Introduction. Sex differences in parental investment and sexual selection are the evolutionary theory processes which suggest that our choice of partners is determined by the extent to which they possess certain features which help us to reproduce and prevent our species from extinction. Sexual selection states that some mates possess certain features that are attractive to the opposite sex, therefore allowing them to get
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NATIONAL OPINION POLL: CANADIAN VIEWS ON ASIA © Copyright 2014 Asia Pacific Foundation of Canada TABLE OF CONTENTS ABOUT THE ASIA PACIFIC FOUNDATION OF CANADA _________________________________________________ 2 ABOUT THE NATIONAL OPINION POLL: CANADIAN VIEWS ON ASIA ________________________________ 2 METHODOLOGY KEY FINDINGS ___________________________________________________________________________________________ 2 ____________________________________________________________________________________________
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20x1. IAS 37-14 states a provision shall be recognized if “(a) an entity has a present obligation, (b) it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and (c) a reliable estimate can be made.” When it is not clear if there is a present obligation, IAS 37-15 also defines a present obligation as obligation that “more or likely than not is risen by a past event after taking accounting of all available evidence”. Moreover, IAS 37-22 also
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Intermediate Accounting 2 Week 2 - Answer Marks will be awarded with logical argumentation and appropriate presentation of the answers. Answer to question 1 1 Definition of liability: A present obligation arising from a past event, the settlement of which is expected to result in an outflow of resources embodying benefits (i.e. usually a cash payment) There are two types of event creating obligation a) Legal – arises from the conclusion of legal contract, legislation or other operation of law
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Marijuana Overdoses kill 37 Colorado first day of legalization William Martin PHI 103 Informal Logic Mr. Edwin Teall 09/08/2014 The story that Colorado is reconsidering its decision to legalize recreational pot following the death of 37 people from marijuana overdoses. Came from the Rocky Mountain News. Across the state on January 1st the first day the drug became legal for all adults to use, the hospitals where overloaded with people clinging onto life due to overdosing on marijuana. The
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13–15 | 6 | Genesis 26–30; Job 31–36 | Matthew 16–18 | 7 | Genesis 31–35; Job 37–42 | Matthew 19–21 | 8 | Genesis 36–40; Psalms 1–6 | Matthew 22–24 | 9 | Genesis 41–45; Psalms 7–12 | Matthew 25–26 | 10 | Genesis 46–50; Psalms 13–18 | Matthew 27–28 | 11 | Exodus 1–5; Psalms 19–24 | Mark 1–3 | 12 | Exodus 6–10; Psalms 25–30 | Mark 4–6 | 13 | Exodus 11–15; Psalms 31–36 | Mark 7–9 | 14 | Exodus 16–20; Psalms 37–42 | Mark 10–12 | 15 | Exodus 21–25; Psalms 43–48 | Mark 13–14 | 16 | Exodus
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Table 1: Average Total Inventory levels in no of days Name of company 1996-1999 2000-2003 2004-2009 2010 Change Tata Motors ltd 56 48 33 31 45% Maruti Suzuki Ltd 42 36 21 16 62% Mahindra & Mahindra Ltd 56 49 37 25 55% Hero Honda Motors Ltd 36 22 12 12 67% Bajaj Auto Ltd 37 25 14 14 62% Table 2: Average Raw Material Inventory levels in no of days Name of company 1996-1999 2000-2003 2004-2009 2010 Change Tata Motors ltd 31 20 18 14 55% Maruti Suzuki Ltd 38 31 13
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restructuring program for the year ended DEC 31, 2011? In reporting to U.K under IFRS, company should use IAS 19 and IAS 37. 1) Pharma issued the announcement to terminate the lease of the old facility at Dec. 15/ 2011. And the lease termination fee is $1.3 million. The company would vacate the Plant on Jan.21/2012 and sign the lease termination agreement. According to IAS 37-Paragraph 72, which point out A constructive obligation to restructure ascends when a expectation which is valid that would
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Cleo’s female masculinity is rationalized. In the film, Cleo is given a “black femme lover” (Keeling, 37). The film uses Cleo’s lover, Ursula as an attempt to explain Cleo’s masculinity. Ursula represents a hegemonic form of femininity. Since Cleo shows more masculinity than her friends, she stands out. From a hegemonic perspective, without a “femme” girlfriend Cleo would be a “freak of nature” (Keeling, 37). Audiences will speculate about Cleo’s queerness, so the film addresses Cleo’s sexuality by showing
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