Fair Values in Accounting for Financial Instruments Assignment - 1

Fair Values in Accounting for Financial Instruments - Assignment Example AASB 139 defines a fair value as â€Å"the amount for which a liability or an asset may be exchanged between willing and knowledgeable parties in an arms length business deal†. Therefore, fair value accounting is a financial measurement of liabilities and assets of a company at fair value (Kemp, 2005, pp. 1-2). As a consequence of the synchronization of international accounting standards and additional disclosure requirements regarding risk and volatility, companies are changing from historical cost accounting to fair value accounting. Fair value accounting provides the users of financial statements present economic state of affairs of a company and presents a better manifestation of market values liabilities and assets, and consequently, the actual company’s worth. The companys financial statements become more relevant and useful in the marketplace for decision-making. In addition, fair value shows changes in economic conditions; thus, application of fair value for all financial assets allows investors to obtain a fairer and truer view of the actual financial situation of a company (Ryan, 2008, pp.3-4). Fair value accounting offers more comparable, accurate and timely information to investors and reflects recent information regarding future cash flows. Furthermore, in view of the fact that fair value reveals current conditions of the market, it offers comparability of the financial instruments value purchased at dissimilar times in determining the risks and value of financial instruments range (Landsman, 2006, pp.4-5) Fair value accounting also comprises of the significance and probability of all promising future cash flows and brings up to date the sharing of cash flows in future for fresh information regularly. Consequently, stakeholders and capital providers become more up to date when there is an adverse sharing of cash flows in future. Fair value accounting

My father is a serious person Essay Example | Topics and Well Written Essays - 750 words

My father is a serious person - Essay Example Growing up, we only saw our father during the holidays. Even then, mother had to force us to pack up; as we barely knew him, it was always awkward during the first days of the holidays. However, though there was this need to connect with him at an emotional level, the time never seemed right. My father had always been a prim proper man who always seemed too busy on the phone, talking up a client or trying to close a deal. He barely had enough to time to sit and enjoy a meal. Learning to ride a bicycle, I only rode with my uncle. I am told that my father was right there throughout the learning period. I do not remember it. When I broke my collar bone back in elementary school, all I remember was seating at the back of the car and my mother’s worried face as we drove to the hospital. I do not recall who the driver was though it was him behind the wheel. In my recollections of the past, I can barely recall interacting with my father. All are but stories I had tried to no avail to combine to form a picture. Dentist appointments, first day at school, graduation ceremonies, birthday parties – he was always there. He never missed any of them. This is no longer the case now, and we are now inseparable. Like there was never a gap in our relationship. A life threaten ing experience can really change how people relate. Twelve years ago I was taken ill with a very funny ailment. My whole body was itchy and I could not stop scratching myself against anything in site. On seeing a doctor, we discovered that my kidney had been failing and had been getting treatment for the symptoms during hospital visits. This came as a shock to the family, considering I had to be put on dialysis as soon as possible and a drastic change in dietary needs. It was thought that I needed a kidney transplant, and being on a waiting list could take years before I get a donor. Either way I was evaluated for insurance purposes and my name

The Impact of Joe Colombo's Design Essay Example | Topics and Well Written Essays - 1500 words

The Impact of Joe Colombo's Design - Essay Example He sketched fantastical visions of a futuristic nuclear city, where man would exploit advances in atomic science to create a new way of living. Later became a founding member of the art concrete group. His father has inherited a ribbon factory, which he turned into an electrical conductor manufactory. In the factory he experiment with the modern production processes and latest developed plastics such as fiberglass and polyethylene in order to create good domestic designs. Later he gave up his work on paintings and focus on his designs to promote his design career. He ventured into design by creating a ceiling for a Milan jazz club. He designed three open-air rest areas featuring television shrines in which TV sets were used to construct mini theaters or shrines. He opened a design factory in Milan. He has his own design office. He worked on conception and architecture. His early designs were mostly for lodges and hotels. He also worked on many designs using plastic. He created the first chair molded from a single material. In his mission to furnish this world with new type of habitat, he applied new production processes and materials to existing types of furniture. His Elda armchair was made from fiberglass. He made furniture with aluminum, then ABS and, finally, polypropylene. Stackable and easy to clean, the universal chair is also adjustable because its legs can be unscrewed and replaced with longer ones. He was intent to reinvent the furniture as new concepts, which would definitely be better suited to a mobile lifestyle. He also designed a Combi-Centre container, which consists of cylindrical units to store things like books, tools and drinks etc. He also designed a Man-Woman container, a futuristic version of a 19th century trunk in which shelves, drawers and mirrors are hidden. The tube chair, Ragno outdoor light, two in one drinking glasses and a self-supporting smoking pipe, which did not require a stand, are remarkable creations of Colombo. Inspired by

Disscision questions american history Essay Example | Topics and Well Written Essays - 750 words

Disscision questions american history - Essay Example A separate village, ten miles away, was established due to the large inflow of inhabitants in the town. The villagers were unhappy with the governance of the town and demanded independence from the town. The town authority, however, did not want to lose the fertile taxable province and resented their demand. There was revolt against the ministers appointed by the town from 1672-1688. During this time, three ministers presided over the affairs of the village. During the reign of the fourth minister, there was widespread revolt against the town’s involvement in the affairs of the village. The priests of various New England colonies began to accuse Salem of revolting against the will of God. In 1692, the first traits of witchcraft appeared against these socioeconomic uneasiness, affecting the children. The family of the minister was the first to be deceased. The difference between the town and village and their urge to gain independence were the prime factors in the spread of wit chcraft in the region. (Trask) The US economy would have crumbled if not for the efforts of visionaries like Alexander Hamilton and James Madison. Hamilton arrived in the scene of American politics in its nascent stage in 1787. The previous Article was put up for discussion in 1787 by the thirteen states. Hamilton, representing New York, proposed the election of Governors and senators, which were opposed by the other members. A separate constitution was proposed with the powers being vested on executive, judicial and legal branches. Most of the states did not sign on it. At this juncture, Hamilton with James Madison and John Jay wrote 85 essays known as â€Å"The Federalist†. The essays underlined the importance of the constitution and they played an important part in achieving the support from the states. Hamilton met again in the next convention and persuaded other states to sign on

My father is a serious person Essay Example | Topics and Well Written Essays - 750 words

My father is a serious person - Essay Example Growing up, we only saw our father during the holidays. Even then, mother had to force us to pack up; as we barely knew him, it was always awkward during the first days of the holidays. However, though there was this need to connect with him at an emotional level, the time never seemed right. My father had always been a prim proper man who always seemed too busy on the phone, talking up a client or trying to close a deal. He barely had enough to time to sit and enjoy a meal. Learning to ride a bicycle, I only rode with my uncle. I am told that my father was right there throughout the learning period. I do not remember it. When I broke my collar bone back in elementary school, all I remember was seating at the back of the car and my mother’s worried face as we drove to the hospital. I do not recall who the driver was though it was him behind the wheel. In my recollections of the past, I can barely recall interacting with my father. All are but stories I had tried to no avail to combine to form a picture. Dentist appointments, first day at school, graduation ceremonies, birthday parties – he was always there. He never missed any of them. This is no longer the case now, and we are now inseparable. Like there was never a gap in our relationship. A life threaten ing experience can really change how people relate. Twelve years ago I was taken ill with a very funny ailment. My whole body was itchy and I could not stop scratching myself against anything in site. On seeing a doctor, we discovered that my kidney had been failing and had been getting treatment for the symptoms during hospital visits. This came as a shock to the family, considering I had to be put on dialysis as soon as possible and a drastic change in dietary needs. It was thought that I needed a kidney transplant, and being on a waiting list could take years before I get a donor. Either way I was evaluated for insurance purposes and my name

Disscision questions american history Essay Example | Topics and Well Written Essays - 750 words

Disscision questions american history - Essay Example A separate village, ten miles away, was established due to the large inflow of inhabitants in the town. The villagers were unhappy with the governance of the town and demanded independence from the town. The town authority, however, did not want to lose the fertile taxable province and resented their demand. There was revolt against the ministers appointed by the town from 1672-1688. During this time, three ministers presided over the affairs of the village. During the reign of the fourth minister, there was widespread revolt against the town’s involvement in the affairs of the village. The priests of various New England colonies began to accuse Salem of revolting against the will of God. In 1692, the first traits of witchcraft appeared against these socioeconomic uneasiness, affecting the children. The family of the minister was the first to be deceased. The difference between the town and village and their urge to gain independence were the prime factors in the spread of wit chcraft in the region. (Trask) The US economy would have crumbled if not for the efforts of visionaries like Alexander Hamilton and James Madison. Hamilton arrived in the scene of American politics in its nascent stage in 1787. The previous Article was put up for discussion in 1787 by the thirteen states. Hamilton, representing New York, proposed the election of Governors and senators, which were opposed by the other members. A separate constitution was proposed with the powers being vested on executive, judicial and legal branches. Most of the states did not sign on it. At this juncture, Hamilton with James Madison and John Jay wrote 85 essays known as â€Å"The Federalist†. The essays underlined the importance of the constitution and they played an important part in achieving the support from the states. Hamilton met again in the next convention and persuaded other states to sign on

Solid and Melting Point Essay Example for Free

Solid and Melting Point Essay (2pts) Indicate the correct waste container for the following compounds: a. hexane non-halogenated organic b. 10% NaOH aqueous c. methylene chloride (dichloromethane) halogenated organic d. magnesium sulfate solid e. sodium hypochlorite halogenated organic 2. (1pt) Describe the proper way to separate ground glass joints if they become stuck. The proper way to separate ground glass joints is to hold the two pieces of glassware with paper towels so that your hands are touching as close to the joint as possible and pull with a firm grip. Try to loosen with a slight twisting motion. If that does not work try to tap with a wooden handle and try to pull apart. Lastly you can heat the joint with hot water or steam bath, but to be careful not to over heat. 3. (1pt) What is a solute? What is a solvent? A solute is the solid that is dissolved in a liquid. The solvent is the liquid in which something is dissolved. 4. (1pt) What is the purpose of a water trap (used during vacuum filtration)? The purpose of a water trap is to prevent filtrate from being sucked into the vacuum system. 5. (2pts) What is the difference between crystallization and precipitation of a product? List three differences. Crystallization forms crystalline solids while precipitation produces amorphous solids. Crystallization is slow and a pure compound comes out of solution and precipitation is fast and a mixture of compounds falls out of solution. Crystals have an ordered structure than amorphous solids and are harder to produce. 6. (1pt) What will happen if you choose a solvent whose boiling point is higher than the melting point of the compound to be crystallized? The solvent would boil out before the compound could melt. 7. (1pt) How does the melting point of a product help determine its purity? The purer the material the higher its melting point and the narrower its melting point range is. The range should fall in to the melting point range of what the substance you are determining its purity for. 8. (1pt) Generally describe how to predict solubility. Like dissolves like. The solvent/solute molecules are structurally similar so the solute will dissolve in the solvent.