or net realizable value. Companies using LIFO would have to revalue inventory which could result in major tax liabilities (New York Society of Security Analysts, 2010). * Asset Impairment – Under GAAP, impairments are reported under a two-step system while IFRS has a single-step. Consequently write-downs are more likely to occur under IFRS (New York Society of Security Analysts, 2010). * Asset Valuation – Under GAAP assets can be written down but not up. IFRS
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republic form of government comprises an elected legislature and president. The nation's capital city is Jakarta. The country shares land borders with Papua New Guinea, East Timor, and Malaysia. Other neighboring countries include Singapore, the Philippines, Australia, Palau, and the Indian territory of the Andaman and Nicobar Islands. Indonesia is a founding member of ASEAN and a member of the G-20 major economies. The Indonesian economy is the world's 16th largest by nominal GDP. The Indonesian
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Case Background Golden Dragon Mobile Hong Kong Company Limited Overview China Golden Dragon Mobile Limited (CGDM) is a company listed on both the Hong Kong (HKEx) and the New York Stock Exchanges (NYSE). It is also a Chinese-government state-owned enterprise which has one of the world’s largest mobile phone subscriber bases. It is currently listed seventh in terms of market capitalisation on the HKEx. CGDM is the largest mobile telecommunications provider in China and one of the largest telecommunications
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agricultural tax system reform of China's basic objectives are: to establish a market economy can meet the requirements are conducive to the Economic integration of urban and rural areas will help to support agriCulture and the world to protect and facilitate the integration of the tax system. Around this goal, the agricultural tax system reform, the basic points should be highlighted the following aspects: 1. Abolish agricultural taxes taxes, the tax burden on farmers into the main tax system. Lower taxes
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Assessment 2: Research Project/Essay Business Ethics, Corporate Social Responsibility, & Globalisation, within the Global Electronics Industry Presented to: Dr Gustavo Guzman 7112IBA Globalisation & Corporate Social Responsibility, G01_2.13A, Griffith Business School, Gold Coast Campus Prepared by Kevin Vohra 2746020 Word Count = October-29-2011 INTRODUCTION The global electronics industry comprises of many partners that make up a complex international supply chain
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The Acceptance and Awareness of Small and Medium Enterprises towards Implementation of GST in Kuala Lumpur and Johor Bahru CHAPTER ONE – INTRODUCTION 1.1 Background of the Study The production of a good or service, in general, goes through several stages before the final product or service reaches the consumer. To illustrate, if the production and distribution process is divided into three basic stages
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Duterte reveals platform of government Metro Manila (CNN Philippines) — Davao City Mayor Rodrigo Duterte and Sen. Alan Peter Cayetano were set to lay down their platform of government in a forum on Thursday (January 7) at the Plaza Independencia in Cebu City. In a press conference prior to the event, Duterte revealed some plans he had once elected as president. He said that his administration would be "left leaning" and he has a socialist principle. Duterte said that he would push for an end to
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CHAPTER I INTRODUCTION OF THE STUDY The supermarket industry refers to the business of selling raw foodstuffs and similar products in a retail environment. There are a number of different types of businesses within this industry, usually consisting of markets and grocery stores, which can consist of small operations or large corporations with numerous locations. The supermarket industry can be considered a part of the food service industry, though it is often
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P10,000,000 shall not be subject to value-added tax even if it decides to be subject to VAT. 10. A television broadcasting company whose gross annual receipts do not exceed P10,000,000 but who voluntarily registers under the value-added tax system cannot revert back to franchise tax for a period of three (3) years even if it decides to revoke its VAT registration. 11. The overseas communication tax is imposed on incoming calls that are originating from abroad. 12. The net trading
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Case Background Golden Dragon Mobile Hong Kong Company Limited Overview China Golden Dragon Mobile Limited (CGDM) is a company listed on both the Hong Kong (HKEx) and the New York Stock Exchanges (NYSE). It is also a Chinese-government state-owned enterprise which has one of the world’s largest mobile phone subscriber bases. It is currently listed seventh in terms of market capitalisation on the HKEx. CGDM is the largest mobile telecommunications provider in China and one of the largest telecommunications
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