These accounts ultimately provide the same benefits as other investment
packages—growing capital in a systematic process using professional investment
managers to help people achieve their financial objectives—but they
may do so with greater satisfaction.The real issue is not whether they provide
benefits (they do), but how and for whom they should be employed.
Brian Snow is a river guide on the Columbia River. Typically brian takes tourists around 30 to 80 miles upriver. Round trip takes anywhere from 2 to 8 hours before returning to dock. Brian has noted that overall fuel costs vary based on “miles upriver” and he is considering changing his guide fee to separately charge customers for estimated fuel costs. Below Brian’s log for 15 typical days showing “miles upriver” and “total fuel cost”.
The definition of an insurance contract distinguishes insurance contracts that are
subject to IFRS 4 from those contracts that are subject to IAS 39. Some contracts,
however, contain both an insurance component and a deposit component.
The deposit component of an insurance contract is defined as a contractual
component that is not accounted for as a financial instrument under IAS 39,
but that would be within the scope of IAS 39 if it were a separate instrument.
Chapter 8 - Segment and interim reporting. After studying this chapter, you should be able to: Understand how an enterprise determines its operating segments and the factors that influence this determination, apply the three tests that are used to determine which operating segments are of significant size to warrant separate disclosure, list the basic disclosure requirements for operating segments,...
Chapter 18 - Implementing an REA model in a relational database. In this chapter, the learning objectives are: Integrate separate REA diagrams for individual business cycles into a single, comprehensive organization-wide REA diagram; build a set of tables to implement an REA model of an AIS in a relational database; explain how to write queries to retrieve information from an AIS relational database built according to the REA data model.
In this chapter, the learning objectives are: Integrate separate REA diagrams for individual business cycles into a single, comprehensive organization-wide REA diagram; build a set of tables to implement an REA model of an AIS in a relational database; explain how to write queries to retrieve information from an AIS relational database built according to the REA data model.
Following are three separate transactions that pertain to prepaid items. Evaluate each item and prepare the journal entries that would be needed for the initial recording and subsequent end-of-20X3 adjusting entry. Assume the company uses the balance sheet approach, and the initial recording is to an asset account. The company has a calendar year-end and does not make any adjusting entries prior to December 31.
This version was issued in January 2008 and includes subsequent amendments resulting from IFRSs issued up to 31 December 2008. Its effective date is 1 July 2009. IAS 27 Consolidated and separate financial statements was issued by the International Accounting Standards Committee in April 1989. It replaced IAS 3 Consolidated Financial Statements (issued in June 1976) except in so far as IAS 3 dealt with accounting for investments in associates. IAS 27 was reformatted in 1994, and limited amendments were made by IAS 39 in 1998 and 2000.
An emphasis on intuition—the authors separate and explain the principles at work on a common sense, intuitive level before launching into any specifics.
2) A unified valuation approach—net present value (NPV) is treated as the basic concept underlying corporate finance.
3) A managerial focus—the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment.
There is a Wall of Silence separating you from some of the best performing investments in the world today.
Some of these investments are hidden from you because of obsolete regulations and others purely out of
ignorance (since most brokers are primarily salesmen, not true investment analysts). Even more are kept from
you for the purpose of protecting the self interests of Wall Street.
This virtual information blackout on these top-performing alternative investments could be costing you a
As you’ll learn in this report…
Unbundling the deposit component of an insurance contract leads to the separate
recognition and measurement of the financial asset or financial liability arising under
the deposit component, and the insurance component of the contract.
If the deposit unbundling rules did not apply and the accounting policies of
the insurer or reinsurer did not require all assets and liabilities under the contract
to be recognised, liabilities might be incorrectly recognised as income and assets
As noted above, IFRS 4 does not require separation if the component itself meets
the definition of an insurance contract. In considering whether this exemption
applies, insurance risk is assessed in relation to the component. It may happen
that the contract as a whole does not fall within the scope of IFRS 4 because it
does not contain significant insurance risk, but that the component itself contains
significant insurance risk and, had it been a separate contract, would have fallen
within the definition of an insurance contract.
Just as the share ownership structure delineates a firm’s agency problem, it also
impacts the firm’s reporting. When an owner effectively controls a firm, he/she also
controls the production of the firm’s accounting information and reporting policies.
When the controlling owner is entrenched by his/her voting power and there is a large
separation of the voting and cash flow rights, the credibility of the accounting
information is reduced.
As SUNY New Paltz administrators strive to achieve the college’s mission and goals and to
provide accountability for their operations, they need to continually assess and evaluate their
internal control structure to assure that it is well designed and operating effectively,
appropriately updated to meet changing conditions, and provides reasonable assurance that
the objectives of the department are being achieved.
The narrative behind Simplified Ecosystem Capital
Accounts (SECA): Ecosystems can be described as
capital which delivers a bundle of services to people,
some of which are appropriated and incorporated
into products, accumulated and/or consumed.
Other services are public goods of common benefit
to the economy and human wellbeing. Altogether,
these ecosystem services depend on ecosystem
capital regeneration which is in turn influenced by
ecosystem services consumption.
Any gain or loss from disposal of a segment of a business (product sector), together with
the results of these operations until the date of disposal, are reported separately as
discontinued operations. The financial information of a discontinued segment of business
is excluded from the respective captions in the consolidated financial statements and related
notes. Comparative figures for prior periods are restated accordingly.
Examples of embedded derivatives which are not required to
A derivative embedded in an insurance contract is considered to be closely
related to the host insurance contract if the embedded derivative and the
host insurance contract are so interdependent that an entity cannot
measure the embedded derivative separately. In this situation, an entity
would not separate the embedded derivative.
One concern about the voluntary offset market as it continues to grow is the possibility
that suppliers may sell the same reductions to multiple buyers, because there is no central
authority to track their transactions. Related to this, questions can arise in some instances
about who “owns” emission reductions and who in fact has the right to sell them. In some
cases, multiple parties may conceivably lay claim to the same reduction.
Socio-Ecological Landscape Units (SELU) are
produced in turn from LCFU and other geographical
dimensions such as relief, belonging to a river basin,
or proximity to the sea. LCFU are agglomerated with
a methodology which maps dominant land‑cover
types. Large forests or agricultural areas will
constitute a SELU in their own right while smaller
units will be part of a larger zone characterised by
its dominant land cover. The Dominant Land Cover
Types are then classified according to river basins
and relief classes (e.g. coastal, lowland, highland,
Seagram acquired substantially all of the outstanding PolyGram
shares. On that date, Philips received NLG 11,531 million in cash and 47,831,952 Seagram
shares representing approximately 12% of the outstanding Seagram shares. The sale of
PolyGram resulted in a gain of NLG 10,675 million, or NLG 29.65 per share, free of taxes.
In order to gain insight into the Company’s cash flows, earnings capacity and financial
position, the information about discontinued operations has been segregated from the
information about continuing operations.