... of revenues generated by the entity during the reporting period and the expenses incurred in generating this revenue, together with the assets, liabilities and equity of the entity at the end of the reporting period, will provide users with information to assist them to assess the financial performance of the entity over the reporting period' (SAC 2 Paragraph. 29). Further 'the financial position of the reporting entity involved disclosure of information about its control over resources, financial structure, capacity for adaptation and solvency'. Finally the information presented must satisfy the qualitative characteristics. However the conceptual framework ...
... modernization, many jobs will be taken over by machines. Unfortunately, this process will result in the elimination of jobs done by local peasants. There are many additional prices India will have to pay to be able to modernize, including: (1) a loss of culture and tradition; (2) probable religious conflicts; (3) loss of caste; (4) social divisions; and, of course (5) TAXES. With modernization, taxes will definitely increase for India to pay for the new advances in industry and technology. Taxes are the primary means for any government to raise money and support its programs. However, the overall price that India will have to pay will be relatively smal ...
... can do to limit the use of cars, the production of necessary coal-fired power plants and other such human resources, the topic just turns into another fog for debate and argument over stricter regulations and the impeached right these sources have to operate. The continual power struggle of such economic and social issues and the debate over the effectiveness of stricter, present or more lenient regulations has turned into a smorgasboard of prectical solutions, with opponents quickly changing minds and becoming supporters and vice-versa. The expenditure of about 20 billion on the part of companies since 1990 to clean up such hazardous pollutants as cars, facto ...
... but it is no longer just the baby-boomers problem. My generation just embarked down the same ruinous path. Many students come out of school not knowing how to balance a checkbook. College is where you start learning firsthand about finances and credit because the credit companies are sending out cards by the buckets to students. Citicorp just spent ten-million marketing credit cards to high- school kids. Sixty-one percent of all college students are carrying a card, and thirty-two percent of those got it before college. However a recent survey showed that fewer than thirty percent of the students polled could say what interest rate they were paying on th ...
... become a market leader and monopoly of today. Microsoft had its beginning during the 1970s when IBM was the computer hardware giant of the industry. In 1975 Microsoft was the producer of programming languages for MIPS Altair 7500 (Conigliaro1996). In 1981, Microsoft purchased an operating system for an Intel based 8086 chip from a small company named Seattle Computer Products and redesigned its product to sell it to license it to IBM for its new personal computer (PC) (Conigliaro1996). The redesigned product was released under the name MS DOS 1.0. IBM being a monopoly at that time in the hardware department, by allowing Microsoft to provide the operating system to ...
... economy for the rest of 1995. He states "the economy, as hoped has moved onto a trajectory that could be maintained--one less steep than in 1994, when the rate of growth was clearly unsustainable, but one that nevertheless would imply continued significant growth and incomes." (Greenspan, 1996, Speech) Towards the end of the year, the economy showed signs of slowing. Fearing a prolonged slowdown or even a recession in the economy, and with inflationary expectations waning, Chairman Greenspan and the Federal Reserve cut rates again in December. (Greenspan, 1996, Speech) There are, of course, critics of 1995's monetary policy. Most of the criticism came in the ear ...
... nature. The theory, traditionally used to describe inter-continental trading and production, was adapted for use in the Russian economic zones. The theory was as follows; Areas which surround the capital (core region), usually rich in one material or another, would be used for the extraction of raw materials. These materials would then be shipped back to the capital in order to be manufactured into goods. From there, the manufactured products would be shipped back to the surrounding regions (periphery region) for resale. The citizens of Russia were surviving on this system, but barely. The Core-Periphery policy was not efficient, nor effective, for usually a produc ...
... give at least an idea of the standard of living in a country. This is why this statistic is widely used in the USA and Japan. However, there are some criticisms of National Income statistics. The first major criticism is that of accuracy due to difficulties in the measurement. E.g. Second hand deals go unregistered. The second criticism which is linked to this is that sales in the black economy will also go unregistered even though they may have significant effects (both good and bad) on a personÕs standard of living. For example, if drugs were being sold on the black market this may lead to a rise in crime and so peopleÕs standard of living would fall ...
... Oldsmobile, Chevrolet, Pontiac, and Saturn. During the first thirty years of operation GM's only major competition was from U. S. manufacturers. However, since the first foreign truck was imported from Japan in 1956, GM's share of the market began to decline. Foreign cars were smaller, more fuel efficient, less expensive, and often more reliable than their American counterparts. General Motor's market share dipped from nearly 44% in 1973 to below 30% in 1985. In response to this sudden drop in its share of the market GM founded the Saturn Company. Saturn produces compact cars very similar to Japanese imports at competitive prices. This response halted G ...
... me." Unfortunately, Thomas Jefferson lived in a different time. He lived in a time when piracy was not as evident and intellectual property was not worth so much. In China, the largest crime which is currently occurring is intellectual piracy. Unlike the pirates of old who plundered the merchant vessels and ports of the South China Sea, modern day pirates are more interested in illegal replication of intellectual rights. From music compact discs to computer software to films to best selling novels, The Chinese black market is a virtual warehouse of "plundered goods". It is estimated that there are at least thirty illegal high tech factories in China that can c ...
