“the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transaction”. Prior to the introduction of Fair Value Accounting (FVA), accounting was carried out on a historical cost basis. However there were many limitations of Historical Cost accounting (HCA). HCA assumes money holds a constant purchasing power. It ignores specific price-level change, general price-level change and fluctuations in exchange rates. During inflationary periods, HCA can become
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criteria 1.1 a. Identify and explain the various ways by which cost can be classified discussion the value of costs classification including any weaknesses in your argument In the world of business there are a range of costing methods are actually used by the enterprises in evaluation and the analyzing the cost of production when contrasted with the value of other substitutes. In executing the cost, two principle methods are used. Cost analyses deals with procedure of costing and the job costing
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these approaches is how public administration should be, and also to describe and to analyze the actual administrative situations. There different forms of public administration which are divide as follows; Philosophical approach Legal approach Historical approach Scientific approach Case Method Approach Institutional and Structural Approach Behavioral Approach Philosophical Approach The Philosophical approach takes within its purview all aspects of administrative activities. The main goal of this
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* Background * A business is a continuous economic activity carried out to earn profit through: * Production and sales of goods and services to customers * Generating and rendering services * It may be- Manufacturing, Merchandising/Trading Companies, Services or Hybrid companies. * Business Organizations will be of different forms- Sole Proprietorship , Partnership Firm, Joint Stock Company and Others like cooperative, non-profit making etc. * Such organizations need to
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section at the Pakistani Embassy in Washington, D.C., while the United States has maintained a corresponding interests section at the Swiss Embassy in Tehran. Since December 2011, the United States has also maintained a virtual embassy on-line. Historical background. The United States and Iran (then called Persia) established diplomatic relations in 1883. 1979- revolution against the shah.-The United States broke diplomatic relations with Iran in 1980 after a group of revolutionary Iranian students
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Introduction Known as one of the founding fathers of economics, Adam Smith is one of the most influential writers of his time. His works seem to be able to transcend time and cultures to the extent that his books are still in circulation today and are heavily debated. From his first famous work “Theory of Moral Sentiments” to “An Inquiry into the Nature and Causes of the Wealth of Nations” Adam Smith showed that he was a leading mind in the field of political economy and for that matter human
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be natural or manmade depending on the constrains and limitations that the management team is facing. The main aim of all these activities is to protect, manipulate, restore and provide for the functions and values the wetland areas. Management of wetland areas can be done through making sure that all the constrains and limitations hindering the achievement of the management team are technically dealt with. A range of constrains and limitations of managing Milperra Bushland as one of the sensitive
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company was changed from J& N (Bangladesh) Limited to Berger Paints Bangladesh Limited on January 1, 1980. Currently BPBL’s number of shares is 23,188,940. Its Authorized capital is Taka 400 million and its paid up capital is Taka 232 million. Historical Overview Berger, the market leader in the Bangladesh paint market is one of the oldest names in the paint Industry and the country’s major specialty paints business with products and ingredients dating back more than 249 years to 1760. Louis Berger
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Research methodology: The process used to collect information and data for the purpose of making business decisions. The methodology may include publication research, interviews, surveys and other research techniques, and could include both present and historical information. THE PURPOSE OF RESEARCH: The main purpose and role of research is to help plan and gather information on a certain topic before carrying it out. It helps to test and create a theory on a certain thing and
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1.4 Research Questions. - - - - - 3 1.5 Research Hypotheses. - - - - - 4 1.6 Significance of the study. - - - - - 5 1.7 Limitation of the study. - - - - - 5 1.8 Brief history of the case study. - - - - 6 CHAPTER TWO LITERATURE REVIEW 2.1 Introduction - - - - - - 7 2.2 Historical background of accounting development - 7
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