chapter The Equity Method of Accounting for Investments The first several chapters of this text present the accounting and reporting for investment activities of businesses. The focus is on investments when one firm possesses either significant influence or control over another through ownership of voting shares. When one firm owns enough voting shares to be able to affect the decisions of another, accounting for the investment can become challenging and complex. The source of such complexities
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| IAS 28: Accounting for Associates | | Larry Richardson 6/16/2014 | Corporations tend to invest in other entities for various reasons but the main reason is to increase their own profits. When corporations purchase stock in other corporations there has to be a way to account for this transaction and to do this IAS 28 was introduced as Exposure Draft E28, Accounting for Investments in Associates and Joint Ventures, in July, 1986. The history of IAS 28 is as follows in the table below
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dismayed every time the subject came up” (p. 1, l. 6-7). Sam and her father had been on this kind of float trip many times before, although this time her uncle and his client joined them. She thought the purpose of the trip might in fact be to gain the goodwill of this new client, “…it was the feeling she got - that they were going for the client” (p. 1, l. 15). The client, Layton, very quickly made an impression on her by complimenting her teeth which it seems she is not used to, this is made clear later
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the year ended 30 November 2013 Profit for the year (W1) Adjustments to operating activities Financial assets – profit on sale (W5) Retirement benefit expense (W7) Depreciation (W1) Profit on sale of PPE (W1) Associate’s profit (W3) Impairment of goodwill and intangible assets (26·5 + 90) (W6) Finance costs Movements in working capital Decrease in trade receivables (180 – 125 + 3) Decrease in inventories (190 – 155 + 6) Decrease in trade payables (361 – 155 + 4) Cash generated from operating activities
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(customers) To search and maintain customer cooperation. To assist the dealer in selling the product line. To provide technical advice wherever necessary. To assist in training of middleman’s sales personnel. To provide advice and assist the middleman. Nature of Sales Management • Its integration with marketing management HeadMarketing rtis ManagerPromotion Manager – Market Research Manager – Sales Manager – Market Logistics Manager – Customer Service • Relationship Selling Transactional
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and expeditions and the concern that the volume of tourists might destroy the delicate ecosystem of the Great Barrier Reef, the Daintree rainforest and Kakadu. To protect and preserve the pristine environment, tourism operators have developed the NATURE AND ECOTOURISM ACCREDITATION PROGRAM (NEAP),which is seen as a world leader in responding proactively by the challenges caused by the rapid growth of industry. Second, which also arises from the explosive growth of visitors numbers, relates to the
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Business: organized approach to providing customers with the goods and services they want. The word business also refers to an organization that provides these goods and services. Types of businesses A. Manufacturing Firm Manufacturing firms produce a wide range of products. Large manufacturers include producers of airplanes, cars, computers, and furniture. Many manufacturing firms construct only parts rather than complete, finished products. B. Merchandisers Merchandisers are businesses that
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According to Peters (2011), the involvement of social workers in the correctional system is peculiar, given that those who are involved in the criminal and juvenile system are unquestionably among the helpless and troubled populations that the profession has conventionally served. The youth probation system shares its root with social work but lacks a robust association to it today. The role of social workers in the juvenile correction has diminished. With such discord between these two groups, it
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filed with the U.S. Securities and Exchange Commission (“SEC”), A2 Auto has disclosed within Note 24, Segment Information, that it has four operating segments: (1) A2 Americas, (2) A2 Asia Pacific, (3) A2 Others, and (4) Financial Services. Note 12, Goodwill and Other Intangibles, discloses that A2 Auto has the same four reporting units. The following is disclosed within Note 11, Impairment of Long-Lived Assets, of A2 Auto’s 2010 Form 10-K: 1. On the basis of the assumptions underlying the acceleration
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FOCUSED ON THE CUSTOMER MACY’S, INC. • 20 09 ANNUAL REPORT MACY’S Macy’s, established in 1858, is the Great American Department Store – an iconic retailing brand with about 810 stores operating coast-to-coast and online at macys.com. Macy’s offers powerful assortments and the best brands, tailored to each and every customer with obvious value, engaging service and unforgettable moments. MACY’S, INC. IS ONE OF THE NATION’S PREMIER RETAILERS, WITH FISCAL 2009 SALES OF $23.5 BILLION
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