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"Australia has recognised that its accounting standards need to be harmonised with standards elsewhere in the world. To make sure consistent application of IFRSs, CLERP No. 9 recommended that Australia adopt, from January 2005, official interpretations of IFRSs issued by the IASB's International Financial Reporting Interpretations Committee (IFRIC). As noted by CLERP No. 9, the comparability of a common set of accounting standards would be undermined ‘if standards are subject to differing interpretations and markedly different enforcement regimes".
Based on the above statement, Students are required to do research and prepare an essay which demonstrates their understanding about the issue, outline the controversy and justifications of Australia's shift to IFRSs. Journal Articles, Newspapers, Magazines and Websites will be valuable sources of information for this assignment.
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
What would be Martinez dollar amount projections in his business plan.
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What are the expected rates of reimbursement for this time frame for each payer
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Evaluate the net present value (NPV) and internal rate of return (IRR) of the Apex expansion project.
Estimate the cost of capital
Prepare general journal entries for Goela Ltd
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