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Issues of Financial Reporting Report

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Issues of Financial Reporting Report, compares two companies and their compliance with international reporting standards.

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16 Pages Essays / Projects > 2 Years old
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Issues of Financial Reporting Report
Topics this document covers:
Economy International Financial Reporting Standards Financial regulation Motorola Cliq Provision Balance sheet IAS 19 Asset
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Topics this document covers:
Economy International Financial Reporting Standards Financial regulation Motorola Cliq Provision Balance sheet IAS 19 Asset
Sample Text:
Both companies are within the 6 digital software industry and are of similar sizes and characteristics. 7 8 1 Total value of provisions 9 CLIQ Digital recognises a total value of 1327.8 (EUR 000s) worth of provisions on 10 its consolidated balance sheet (see Appendix A). Of this amount, the value of AASB137 11 provisions and AASB119 provision is 114.4 (EUR 000s) and 629.1 (EUR 000s), respectively 12 (see Appendix B). 13 Omni Market Tide recognises a total value of $234526 + $4803 = $239329 worth of 14 provisions on its consolidated statement of financial position (see Appendix C). All $239329 15 of the company’s provision are related to ...
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