Search results for: fair value in case ifrs 15 in All Content

Temporary book-tax differences under IFRS

Temporary book-tax differences under IFRS

Author(s): Diehl Kevin A. / Language(s): English / Issue: 1/2013

Keywords: Deferred tax assets; deferred tax liabilities; IFRS; stock prices; Atidėtojo pelno mokesčio turtas; atidėto pelno mokesčio įsipareigojimai; Tarptautiniai finansinės atskaitomybės standartai (TFAS); vertybinių popierių kainos

This research seeks to determine whether the general and specific categories of deferred tax assets (DTAs) and deferred tax liabilities (DTLs) under International Financial Reporting Standards are related to changes in stock prices. The results seem to indicate that DTAs and DTLs under IFRS could be less helpful to investors than they currently are under US GAAP. Tyrimu siekiama nustatyti ar bendrosios ir specifinės atidėtojo pelno mokesčio turto (APMT) ir atidėtojo pelno mokesčio įsipareigojimų (APMĮ) kategorijos turi sąsajų su akcijų kainų pokyčiais, remiantis Tarptautinės finansinės atskaitomybės standartais (TFAS). Tyrimo rezultatai parodė, kad remiantis APMT ir APMĮ akcijų kainų pokyčių prognozavimas yra kur kas ribotesnis, lyginant su JAV, kur naudojami bendrieji atskaitomybės principai (angl. GAAP).

CUSTOMER PERCEPTIONS OF VALUE: CASE OF RETAIL BANKING

CUSTOMER PERCEPTIONS OF VALUE: CASE OF RETAIL BANKING

Author(s): Vida Škudienė,Šarūnas Nedzinskas,Neringa Ivanauskienė,Viltė Auruškevičienė / Language(s): English / Issue: 05/2012

Keywords: Customer perceived value1; Retail banking2; Emerging economy3; Lithuania4;

Recently, a growing interest in relationship marketing approach attracted much attention of marketers to the customer value creation and delivery as the most important task of marketing strategy. The fact that in the period of economic recession, the retail banking sector customers are more intended to re-assess their relationship with financial organization made marketing experts focus on the investigation of the factors that create and increase customer value in new light. Value creation and delivering to the customer in financial markets has been viewed as a competitive priority and a key component of an organization’s long term success. The aim of the current research paper is to assess the factors of customer perceived value in the retail banking sector during the period of economic recession. The research method involved the survey conducted with 200 retail customers of commercial banks in Lithuania. In addition, this research specifically examines the perception of value in the transitional economy. The study results revealed that in the period of economic recession the dimensions of emotional (affective) value (i.e., the relia¬bility and security of bank, good psychological climate when contacting with bank personnel) and functional value (i.e., the quality of service provision, the competence of contact personnel) are rated higher by customers. Meanwhile, the factors of social value (i.e., the established long-term relationship, personal beliefs, social integration, the opinion and recommendations of relatives, acquaintances and/or friends) are rated lower.

ZAGREB FAIR IN 1947

ZAGREB FAIR IN 1947

Author(s): Goran Arčabić,Iva Kraljević / Language(s): English / Issue: 1/2006

Keywords: ZAGREB FAIR; 1947; ECONOMIC RELATIONS

Authors are dealing with Zagreb fair in 1947, the first fair trade exhibition in the post-war Yugoslavia. They attempted to reveal the importance of that exhibition for economic development of Zagreb and Croatia during the post-war period.

From tradition to modernity. Changes of the value of family in Silesia

From tradition to modernity. Changes of the value of family in Silesia

Author(s): Urszula Swadźba / Language(s): English / Issue: 4/2015

Keywords: value; family; Silesia; change;

The article addresses the problem of changes in the perception of the value of family in Silesia. Silesia is a region in Poland characterized by its cultural specificity. The analysis will be based on the discussion of Silesian family values in a historical perspective and on current research of the Author. R. Inglehart’s concept of materialist and post-materialist values, was adopted as the theoretical context of the research. Completed in 2010, the study concerned the issue of family, among other values, the value of marriage itself and the function of marriage. An important variable to which attention was drawn was the respondents answers on Silesian identification, in particular, whether their views on family exhibited any specificity. The analysis showed that the young generation of the large city (including the young Silesians) declared to have post-materialist values, while residents of smaller towns, had traditional – materialist values. Silesian ethnic identification has positive effects on the declared traditional family values and yields lower modernist currents. This is a result of the impact by the cultural heritage in the region.

The Civic Duty to Pay Taxes and the Fair-Share Calculation

The Civic Duty to Pay Taxes and the Fair-Share Calculation

Author(s): Donald Morris / Language(s): English / Issue: 24/2013

Keywords: civic duty fair share (of taxes) tax cheating; tax complexity; tax gap

In its 2009 Taxpayer Attitude Survey, the U.S. IRS Oversight Board asked taxpayers: “Is it every American’s civic duty to pay their fair share of taxes?” Respondents strongly believe it is, with 70 percent claiming they “completely agree” and 25 percent that they “mostly agree.” On very few public issues is it possible to obtain 95 percent agreement and any such broad consensus should be met with skepticism. The near-unanimous response may mean no more than that people recognize that the functions of government must be paid for and that each person should pay a certain part. But in light of the reported $450 billion annual U.S. tax gap and evidence of declining taxpayer compliance, this paper raises questions about what taxpayers understand by “fair share” and the duty to which it gives rise. In this paper, I argue that the key to understanding how there can be a growing problem of tax cheating and yet a preponderance of taxpayers acknowledging a civic duty to pay their fair share, lies in taxpayers’ calculation of their fair share.

Ujawnianie długoterminowych aktywów trwałych przeznaczonych do sprzedaży według MSSF

Reflection in accounting long-term assets destined for sale according to IFRS

Author(s): Tetіana G. Kaminska / Language(s): English / Issue: 3/2015

Keywords: accounting; long-term assets; discontinued activity; International Accounting Standards

The article is devoted to the problems of the reflection of long-term assets destined for sale and discontinued activity in financial accounting system in accordance with requirements of the International Accounting Standards (IAS). The purpose of the article is to highlight order of treatments for the full reflection of long-term assets and discontinued activity in the accounting and reporting. Requirements of International Financial Reporting Standard 5 “Non-current Assets Held for Sale and Discontinued Operations” on accounting of long-term assets destined for sale are analyzed in the article. Features of disclosure in the financial statements of non-current long-term assets intended for sale are argued. Examples of IFRS 5 application of in practice enterprises are presented. Conclusions define, that the accounting system and registers must allow for using the indicator of discontinued and continuing operations as each entity may sooner or later fall within the scope of IFRS 5.

Voluntary measurement of financial assets at fair value by financial companies listed on the Warsaw Stock Exchange

Dobrowolna wycena aktywów finansowych w wartości godziwej przez podmioty finansowe notowane na GPW w Warszawie

Author(s): Maciej Frendzel / Language(s): Polish / Issue: 445/2016

Keywords: fair value; designation of financial assets; financial assets at fair value through profit/loss

This article undertakes the issue of the valuation of financial assets at fair value in the context of the possibility of voluntary designation of such positions for such valuation. The fair value as a parameter of measurement allows for the reflection in the financial statements of the current market price and therefore falls within the direct measurement of the economic benefits assumed in the definition of assets. The aim of this article is to discuss the possibility of the voluntary designation of financial assets to fair value measurement and to present the results of the research on the use of this possibility by the financial entities listed on the Warsaw Stock Exchange. The study indicates that, despite the possibility of using the fair value for the financial assets by banks and other financial entities, these companies in a limited way use it, although they have a significant share of financial assets in the total of assets. For the purposes of the article a critical analysis of literature and accounting regulations was made, analyzing with statistical methods the data from the financial statements of the financial entities listed on the Warsaw Stock Exchange.

Toward a value - focused Marketing

Toward a value - focused Marketing

Author(s): Monica Suzana Bîja / Language(s): English / Issue: 1/2013

Keywords: value; co-creation of value

The purpose of this article is to analyse the theory that refers to the creation of value by explaining the means of its creation, the concepts of customer’s value in order to finally focus on the concept of co-creation of value

Recognition of the effects of valuation of plant biological assets at fair value in revaluation reserve

Kapitał z aktualizacji wyceny jako pozycja ujmowania skutków wyceny roślinnych aktywów biologicznych w wartości godziwej

Author(s): Dawid Obrzeżgiewicz / Language(s): Polish / Issue: 484/2017

Keywords: revaluation reserve; fair value; plant biological assets; valuation;risk;

Valuation at fair value responds to the growing information needs, in particular the information on opportunities to generate future cash flows, the current value of assets, or about the risk of future cash flows. IAS 41 “Agriculture” requires the valuation of plant biological assets at fair value and requires the recognition of the effects of fair value measurement on the financial result of the period. Valuation at fair value can lead to unrecognized revenue and expenses. The aim of this paper is to focus on the issue of recognizing the effects of valuation of plant biological assets at fair value in accordance with IAS 41 “Agriculture” in the financial result of the period and to propose an alternative way of recognizing the effects of valuation in revaluation reserve. Empirical studies have proven that it is reasonable to recognize the effects of the measurement of plant biological assets at fair value in revaluation reserve.

Valuation at fair value as a response to the challenges of contemporary accounting

Wycena według wartości godziwej jako odpowiedź na wyzwania współczesnej rachunkowości

Author(s): Arkadiusz Jankowski / Language(s): Polish / Issue: 27/2012

This paper presents the main methods and cardinal principles of assets and liabilities valuation. The attention is centred mainly on the role of fair value accounting and its measurements methods. However, the paper also addresses certain issues relating to international accounting law, exclusively regarding valuation principles. It also presents the project of update of the law.

THE RIGHT TO A FAIR TRIAL. FREE ACCESS TO JUSTICE

THE RIGHT TO A FAIR TRIAL. FREE ACCESS TO JUSTICE

Author(s): Nicolae Grădinaru / Language(s): English / Issue: 3/2017

Keywords: fair trial; within reasonable time; free access to justice;

The right to a fair trial is a fundamental principle of civil process provided for by the code of civil procedure governed by the provisions of Article 6 so that everyone has the right to the judgment of the case in its fair, within optimal and predictable, by an independent and unbiased judgment and established by law. To this end, the instance is obligated to provide for all measures are permitted by law and to ensure that the connected with the allegation in the trial. The right to a fair trial has several components, namely: free access to justice; examining the case in the fair and public hearing within a reasonable period of time; examining the case by a court independent, unbiased as established by law; the advertising of the pronouncement of judgments. The right to a fair trial enshrined in Article 6 of the Code of civil procedure shall establish and certain guarantees conferred on consumers in order for there to be a fair trial and so provided for the right of every person in the judgment of the case in its fair, within optimal and predictable, by an independent and unbiased judgment and established by law. Free access to justice is a right that belongs to any person the right to address the justice for the defense of the rights and freedoms and the interests of his legitimate, while ensuring that the exercise of this right may not be restricted by any law.

The Bretan Case: a Paradox between Value and Promotion

The Bretan Case: a Paradox between Value and Promotion

Author(s): Loredana Viorica Iațeșen / Language(s): English / Issue: 19/2019

Keywords: interwar creator; critical reception; epigonism; minor musician;

On the occasion of the 50th anniversary of the passing of the Transylvanian musician Nicolae Bretan (1887-1968), known during the interwar period due to his complex field of activity (interpreter, director, conductor, composer), we consider it necessary to elaborate a study that is critical for several reasons. Starting with the dilemmatic comments existent in the current bibliography, we propose, on the one hand, to systematize the information regarding the reception of his personality in the context of the age in which he lived and worked, and on the other hand, to outline the premises that generated the appearance of controversial writings, but especially to question their effects on the deformed stylistic perception of the musician at national and international level. We consider that this is one of the ways in which the “phenomenon of Bretan's rebirth” can be objectively reevaluated, appreciating the existence and real contributions of a minor musician, who, although endowed with talent, could not be in the same compositional direction that included national models (George Enescu, Mihail Jora, Paul Constantinescu), are comparable to those in the universal space of the first half of the 20th century.

Transnational corporations and fair trade

Korporacje transnarodowe a Fair Trade

Author(s): Ewa Jastrzębska / Language(s): Polish / Issue: 4/2011

Keywords: globalization; Social Responsibility; environmental protection; human rights; international corporation; fair trade

Uneven access to the benefits of globalization increases the disproportion between rich and poor regions, which further strengthens the world's poor South and rich North division. The issue which cannot be forgotten when pondering the world's polarization and marginalization of poor countries is the key role of transnational corporations (TNC) which substantially influence the process of globalization, its course, range, as well as - both positive and negative - consequences. The present deliberations aim at analysis and assessment of the importance of TNC in the countries of the South. This background allows to present the Fair Trade movement, which constitutes one form of development assistance provided by the consumers from developed countries to the societies of underdeveloped regions. Although the Fair Trade movement aims at counteracting the negative external effects of globalization (neocolonialism, human rights violation), it nevertheless begins to be exploited by TNC. Bringing giant TNC into the Fair Trade system is a controversial issue, not always perceived positively, and even considered to be in contradiction with the concept of Fair Trade, which is after all aimed against the policies of giant TNC. Undoubtedly, Fair Trade will not solve all economic problems faced by the countries of the South and will not replace the currently existing rules of international trade. Instead, the Fair Trade movement may be regarded as good practices of global governance, and therefore the right step towards a human face of globalization.

A Fair Version of the Chinese Room

A Fair Version of the Chinese Room

Author(s): Hasan Çağatay / Language(s): English / Issue: 96/2019

Keywords: Artificial intelligence; Chinese room; Turing test; understanding; pattern recognition;

By the Chinese room thought experiment, John Searle (1980) advocates the thesis that it is impossible for computers to think in the same way that human beings do. This article intends firstly to show that the Chinese room does not justify or even test this thesis and secondly to describe exactly how the person in the Chinese room can learn Chinese. Regarding this learning process, Searle ignores the relevance of an individual’s pattern recognition capacity for understanding. To counter Searle’s claim, this paper, via examining a series of thought experiments inspired by the Chinese room, aims to underline the importance of pattern recognition for understanding to emerge.

KOKZHAR FAIR: HISTORY AND MODERNITY

KOKZHAR FAIR: HISTORY AND MODERNITY

Author(s): Adilgali Sagimbayev,Ayazhan Sarkenayeva / Language(s): English / Issue: 2/2019

Keywords: Silk Road; trade; architecture; culture; patriotism

The history of the Great Silk Road is an actual experience of mutually beneficial trade and peaceful cultural communication of the peoples of different countries. The Great Silk Road played the role of a link between countries of different civilizations and socio-economic systems. This huge system of caravan routes has existed for more than one and a half thousand years. The Great Silk Road became a channel through which there was a constant exchange in the field of culture and art, knowledge and ideas, traditions and objects. It is known that not only the goods themselves, but also information about their production, were distributed along the Silk Road. The scientific article presents a philosophical and cultural analysis of the interrelationships of cultures on the Silk Road, which ran through the famous Kokzhar fair.

The finding of fact report drawn up pursuant to article 172 (9) of the Code of criminal procedure and the observance of the right to a fair trial in the case of tax evasion offenses

The finding of fact report drawn up pursuant to article 172 (9) of the Code of criminal procedure and the observance of the right to a fair trial in the case of tax evasion offenses

Author(s): Bogdan Vîrjan / Language(s): English / Issue: VIII/2020

Keywords: Finding of facts; administering evidence; finding report; contradictoriness; tax evasion;

In this article, the provisions of Article 172 (9), (10) and (12) of the Code of Criminal Procedure are analyzed, which governs the evidentiary process of finding of facts, in particular from the perspective of the investigation of tax evasion offenses. The finding of facts can be made during the criminal investigation by specialists who work, as a rule, under the judicial authorities. Given that these specialists work under the direct leadership, supervision and control of prosecutors, this circumstance may raise some suspicions about their impartiality. At the same time, unlike the expert report, the administrating the evidence of the finding of facts does not involve a contradictory procedure and is usually performed by the specialist appointed by the judicial body, without the possibility of participation of independent specialists appointed on the recommendation of the parties. However, in many cases where tax evasion offenses are investigated, the prosecuting authorities order a finding report. However, the finding report is a means of proof, and in case of contesting the conclusions of the finding report, the provisions of Article 172 (12) of the Code of Criminal Procedure leaves it to the discretion of the judicial body to decide if it admits the appeal and orders the conducting of an expert report.Under these conditions, I have carried out an analysis of the implications of the provisions of Article 172 of the Code of Criminal Procedure on the finding of fact on the right to a fair trial, in accordance with Article 6 (1) of the European Convention on Human Rights and Fundamental Freedoms as regards the contradictory nature of the proceedings in the criminal trial.

GLOBALIZATION AND FAIR TRIAL

GLOBALIZATION AND FAIR TRIAL

Author(s): Antal Visegrady,Eszter VÖRÖS / Language(s): English / Issue: 2/2019

Keywords: globalization; fair trial; judicial ethics; violation of ethical rules;

One function of the law is to solve conflicts between citizens and organisations, but it is important to observe that law is only one resort for treating social conflicts. All over the world we can observe sidestepping also the law and judicial organs during the resulotion of conflicts and we can see an increase in recourse to non-formal mechanisms. The reasons for this are various, but we can highlight the effectiveness and flexibility of non-formal methods. The court is the most important organisation for handling disputes. One of the greatest questions of our Europe of today is that it can be at all, or how to make two different legal cultures so different.It is important to point out that the states of Europe, as a rule of law, are "bound", because the rule of law can only act by means of the rule of law against phenomena and behaviors that threaten it.In short, the characteristics of Islamic lifestyle and law, as well as the conceptual background of the requirement of a fair trial, the encounter between Christian Europe and Islam in terms of human rights and the importance of intercultural dialogue must be addressed. Without knowing these, it is difficult to draw short or long term conclusions. Due to its curiosity and the spectacular strengthening of religious fundamentalism, it is worthwhile to deal with the app. Islamic religion with one and a half billion believers and its legal structure.The meaning of the Islamic word has been undermined. It is a medieval legal system, which is in the VII. it has been undergoing some modernization, but only in some countries.Islam is a religious system that settles all aspects of a believer's life, so it's a lifestyle, not just a religion.We will endeavour to present the fundamental principles and rules of judicial ethics as a component of fair trial. A Judge Shall Be Independent. The fifth passage of the document entitled “European Principles and Rules of Judicial Ethics” points out that independence of the judge has both an institutional and an individual aspect. The modern democratic State should be founded on the separation of powers. Each individual judge should do everything to uphold judicial independence at both the institutional and the individual level.

The effect of IFRS application on turnover figures of Romanian companies

The effect of IFRS application on turnover figures of Romanian companies

Author(s): Inesa TOFĂNICĂ,Emil Horomnea / Language(s): English / Issue: 2/2020

Keywords: European Union; IFRS implementation; Gray index;

Romanian accounting system had different development stages. The last one started when Romania accessed the European Union. As the EU member states had the obligation to issue financial statements of the listed companies using International Financial Reporting Standards (IFRS), Romania was no exception. As IFRS are different from national accounting regulations, it is expected that the reported turnover will be different under IFRS regulations compared to the national ones. In this paper we study to which extent the IFRS implementation has changed the accounting figures on turnover declared by Romanian listed companies. As the results show us, the majority of the companies have been neutral in what concerns the IFRS implementation, i.e., the reported turnover does not differ very much when different accounting regulations were applied (the national ones and the IFRS).

Residents and Tourists as a Complementary Target Markets of Outdoor Event Organizes in Terms of Variable Weather Conditions. The Case of the Saint Dominic’s Fair in Poland

Residents and Tourists as a Complementary Target Markets of Outdoor Event Organizes in Terms of Variable Weather Conditions. The Case of the Saint Dominic’s Fair in Poland

Author(s): Robert Bęben,Izabela DEMPC,Sylwia Kuczamer-Kłopotowska / Language(s): English / Issue: 04(52)/2021

Keywords: leisure market; outdoor event; consumer behaviour; weather conditions; target market(s);

The development of technology, climate change as well as the cultural and social changes cause people to change their behavior, modify priorities and adapt to the new situation. Effectiveness and competitiveness, therefore, require up-to-date information on the market participants and factors affecting their behavior. As such, the aim of this article is to illustrate the impact of the weather conditions on participants’ attendance at various urban outdoor events, crucial for a leisure market. The study presents the relationship between the number of residents and tourists visits at the St. Dominic’s Fair in Gdańsk during individual days of the event and the weather conditions (temperature, precipitation, and sunlight intensity). As one of the data illustration methods, mobile phone-base-station logs were used to analyze consumer behavior. The study proved varying behavior of the residents and the tourists participating in the same event under different weather conditions emphasize these two diverse target markets’ complementarities.

ISSUES ON IMPLEMENTATION OF IFRS FOR SMES

PROBLEME PRIVIND IMPLEMENTAREA IFRS PENTRU IMM-URI

Author(s): Ema Speranţa Maşca,Irina Doina Păşcan,Larissa-Margareta Bătrâncea / Language(s): English,Romanian / Issue: 3/2009

Keywords: Small and Medium-sized Entities; International Accounting Standards; the users of the financial statements;

In July 2009, during a deliberation which has been lasting for 9 years but it has not come to an end, yet, on the Foundation site for international accounting standards, the norm for small and medium sized enterprises has been published. Our paper deals with some aspects debated, respectively the necessity of existing some financial reporting standards for SMEs, the classification of the users of the financial positions made by SMEs and the expectations of the administrators owners in the field of the financial accounting information from the new norm IFRS for SMEs.