INTRODUCTION The State College, is a publicly funded institution established under the Dominica State College Act (2002) to provide tertiary level training and programmes in agriculture, arts and sciences, health and environmental science, teacher education, technical and technological training, tourism and hospitality, business, ecological and maritime studies, and adult and continuing education. As a national institution, benefiting from public funding, the College is dedicated to expanding and
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CHAPTER 20 Accounting for Pensions and Postretirement Benefits SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 20-1 Service cost $ 333,000,000 Interest on PBO 712,000,000 Return on plan assets (566,000,000) Amortization of prior service cost 13,000,000 Amortization of net loss 145,000,000 Pension expense $ 637,000,000 BRIEF EXERCISE 20-2 Ending plan assets $ 2,000,000 Beginning plan assets 1,780,000 Increase in plan assets 220,000 Deduct: Contributions
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interests you, you can use that instead) and write the following regarding it: 1. State the administrative agency which controls the regulation. The proposed regulation change that I chose deals with concerns Organizational Conflict of Interest (OCI) rules within the Federal Acquisition Regulations (FARS). These rules impact the Department of Defense (DOD), the National Aeronautics and Space Administration (NASA) and the General Services Administration (GSA). 2. Explain why this agency and your
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CAPE COAST PLOYTECHNIC NAME: GABRIEL NMAI REG. NO: 021201226 COURSE: HND ACCOUNTANCY CLASS: ACCOUNTING 1B TITTLE: PRINCIPLES OF FINANCIAL ACCOUNTING ASSIGNMENT RESEARCH QUESTION EXAMINE THE PROVISIONS AND PRINCIPLES OF INTERNATIONAL ACCOUNTING STANDARD 1 (IAS 1) What is IAS 1? The International Accounting Standards Board (IASB) provides a conceptual framework for the preparation and presentation of financial statements. This currently consists of: 30 standards
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the journal entry to record pension-related amounts. SOLUTION (a) CUNNINGHAM COMPANY Pension Worksheet—2010 and 2011 General Journal Entries Memo Record Items Annual Pension Expense Cash OCI—Prior Service Cost OCI—Gain/ Loss Pension Asset/Liability Projected Benefit Obligation Plan Assets Balance, Jan. 1, 2010 300,000 Cr. 4,500,000 Cr. 4,200,000 Dr. Service cost 150,000 Dr. 150,000 Cr. Interest cost* 450,000
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Organizational Culture Inventory [enter name] May 29, 2010 Barbara Ward GM 591 Introduction Sitting on a site of approximately 90 acres is the sprawling complex of the California State Franchise Board (FTB). With approximately 6,000 employees working at this facility. The main function of FTB is administering the personal income and corporation tax laws for California. It was established in 1950, After the Office of the Franchise Tax Commissioner was abolished. FTB is part of the
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| | Actual return on plan assets | | 9 | (9) | Contribution | | 20 | | Balance Dec 31 | (143) | 100 | 23 | (2) Defined benefit expense $23 Plan assets 100 OCI 20 DBO 143 E17-12 (1) Actuary estimates employee has earned (as of 2011) retirement benefits of 1.2%*20*$80000= $19200
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4. Adjustments from foreign currency translation. OCI shares another trait with net income. Just as net income is reported periodically in the income statement and also on a cumulative basis as part of retained earnings, OCI too, is reported periodically in the statement of comprehensive income and also as accumulated other comprehensive income (AOCI) in the balance sheet along with retained earnings. In other words, we report two attributes of OCI: (1) components of comprehensive income created during
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Organizational Assessment Evaluation Name: Instructor: Course Code: Institution: Date: Organizations have different cultures. Cultures in organizations can be classified under constructive or defensive cultures. The Organizational Culture Inventory (OCI) is a standard for measuring the culture of an organization. It was developed by Robert A. Cooke, PhD and Clayton J. Lafferty, PhD (http://www.humansyn.co.uk, 2007). This inventory provides an organization’s culture in behavioral terms that members
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Capitalize borrowing cost: Specific borrowing first, then general borrowing on weighted average [a/(a+b)*7%+b/(a+b)*8%]. Revaluation: Eliminate Accumulated Depreciation to Asset. Increase Asset to Revaluation surplus (OCI). Then Depreciate. If revaluation is <NBV then first offset the OCI balance then balance goes to Income statement.
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