Gender Studies Chapter 1 Flashcard

Gender Studies Chapter 1

Key accounting policies Essays

Key accounting policies Essays Key accounting policies Essay Key accounting policies Essay Fiat group put into practice an interpretation IFRIC 4 as of January 1, 2006. To be very particular about the interpretation it specifies that an arrangement contains a lease if it depends on the use of a particular asset and hand over a right to control the use of that asset. An amendment to IAS 39 titled Financial Instrument Recognition and Measurement to the foreign currency risk of a highly probable permit intragroup forecast transaction to qualify as the hedged element in a cash flow hedge in consolidated financial statements, which was released in 2005. The amendment states that the operation is denominated in a currency which ought to be different from the functional currency of the body which enters to that deal. Moreover the foreign currency risk will have an impact on consolidated financial statements. Another amendment to IAS 39 was issued by ISAB which concerned recognition and measurement to limit the use of the opportunity to determine any financial asset or liability to be measured at accurate value via profit and loss. An alteration under the title Group and Treasury Share Transactions was released on November, 2006. The amendment set ups that share based payment arrangements in which an entity gets services as consideration for its own equity instruments must be accounted for as equity-settled. Fiat group has introduced this interpretation in January, 2006. Reassessment of Embedded Derivatives was released on March 3, 2006. It demands evaluating by an entity if implanted derivative is require to be cut off from the host contract and accounted for a derivative when the body first becomes a party to the deal. The ISAB released the IFRS 8 in 2006, 30 November. It is about new standard which requires the information within segment reporting to be based upon the mechanism of the entity that management board uses to decide about operational issues. Disclosure Fiat keeps a continuous contact with the Shareholders. The contact policy is an open communication. A lot of presentations are held regularly to provide crucial events. Furthermore, seminars were introduced in order to extend the information about Fiat group performance. Official website www. fiatgroup. com with an intention to provide historical financial data, real time updates on Fiat stock and periodic publications.

Comparison of state funding strategies Essay Example | Topics and Well Written Essays - 500 words

Comparison of state funding strategies - Essay Example Rather, three major modalities are implemented. These are work-study, loans, and grant. The benefit is that it expands the number of beneficiaries as it addresses different areas of educational funding needs. On a yearly basis, an amount of $5.35 billion is said to be spent in this regard. The new scheme comes to replace what was known as Robin Hood, and emerges with the benefit of allowing for better equitability, less divisiveness and better funding, all of which can be said to be the strength of the new scheme. Figure 1 below shows how different students and institutions have made use of the funding scheme. Unlike Texas where the funding scheme is directly focused on the student spending to the tune of $5.35 billion, the scheme in New York looks more into the generation and issuance of grants to educational institutions. What this means is that even though this money is non-repayable, it must be contested for by interested educational institutions through grant writing (NYSED, 2014). Here, the strength that can be seen of the state funding scheme used in New York is that it allows for competitiveness among institutions, where more deserving institutions that can justify their course through the grant writing receive more. Comparing this to what prevails in Texas, however, a major loophole can be found when it comes to equitable distribution of the national cake. This is because through no fault of their own, there will be students who will be denied necessary state funding since their institutions cannot convince state authorities as to why their institutions should receive grants. It must be noted that students have both direct and indirect benefits from state funds, including the savings made by parents on the payment of fees. Alabama, on the other hand, has a very unique state funding scheme that is meant purposely for college students (Alabama Commission on Higher Education, 2013). Unlike the first two strategies discussed, this