Income

In 2003, IFRS issued an authoritative accounting guide for emission rights known as Draft interpretation. The interpretation examines several issues that affect emission allowance rights such as asset valuation, and income recognition for allowance rights received from government agencies. IFRS recognize emission allowances as intangible assets accounted under IAS 38. IAS 38 gives a choice between cost model and revaluation method compared to U.S GAAP, which allows…

Financial Accounting may be defined as the science and art of recording and classifying business transactions and preparing summaries of the same transactions and preparing summaries of the same for determining profit or loss and the financial position of the concern. The object of is to find out the profitability and to provide information about the financial position of the concern. Its purpose is to provide information for others to the value of a company. It is concerned with record –…

share prices will increase. 4) The Clientele Effect Theory It was proposed by Pettit (1977) who stated that different groups of shareholders have different preference for dividend. For example the low income earners will prefer higher dividend to meet their consumption needs while the high income earners will prefer less dividend so as to avoid the payment of taxes. Therefore when a firm sets a certain dividend policy there will be shifting of investors to it and out of it until equilibrium…

This report analyzes Yellow Leaf Fashion’s financial position in 2014 using liquidity, activity, profitability and coverage ratios. The company used current ratio, current cash debt coverage ratio, inventory turnover, asset turnover, profit margin on sale, return on assets, times interest earned ratio and cash debt coverage ratio. The current ratio is a liquidity ratio that assesses the company’s operating efficiency. The current ratio is computed by dividing the company’s current assets by…

Our experiences make us who we are. It can change our lives in an instant if we allow it to. Many people throughout history had experiences that changed the outcome of their future, whether it was ultimately dedicating their lives towards cancer awareness, improving medicine, advocating human rights, or making technology widespread. The ambition and passion of a person is characterized by the unique experiences they built as a child. Bill Gates was fortunate to be born into a respected family.…

Big Green Egg The Big Green Egg is an oval shaped high-quality cooking system that offers the ultimate cooking experience. Its origin dates back to the 3rd century and its popularity spread during World War II. It is designed with state of the art ceramics, a patent draft door and dual function metal top that permit a wide range of easily adjusted cooking temperatures from ultra-high heat to low and slow smoking (Big Green Egg, 2015). The Green Egg can be used to cook all meats, seafood, pizza,…

details are clear, therefore creating confusion. The 16th amendment of 1913 states: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the…

Under the Income Tax Assessment Act 1997, a taxpayer's total capital gain consists of both net capital gain subtracted from their net capital losses for the financial year (July 1st to June 30th). Variations on income tax liability depend on whether the taxpayer has made either a capital gain or a capital loss.1 Capital gains occur whenever costs are less than the gains on a capital asset. Conversely, capital losses arise whenever costs exceed a gain. 2 The most common event for taxpayers…

Economic Growth Methods Being Used in Hong Kong and Singapore Taquitta Moss Macroeconomics Abstract Hong Kong and Singapore have distanced themselves from traditional culture based on the economy issues and have become more involved in industrialized concerns. To encourage growth and productivity in Hong Kong and Singapore, the World Bank has step in to help stabilized the economic issues. The World Bank is an important part of the financial and technical cooperation around the world…

In fact, companies in the United States with $5 million dollars in annual sales or $1 million dollars in annual inventory sales are required to use the accrual accounting method as part of GAAP in order to report their financial information and for income tax preparation. When the company meets the standard of GAAP, it allows a company’s financial picture to be easily accessed by investors and other financial institutions. 9-Allows Financial Managers To Better Use Company Resources The accrual…