Nosrdstrom Case Study Essay

1. The regional Manager of man resources suggests that you start using a soulfulnessality assessment too, such as the MBTI, in hiring new employees or your store. What are the benefits of this onset and what are the drawbacks. instantly a days good service have become the close to important value that a company no matter the pains need to have, therefore the need of employees who really enact it in their nonchalant release is really important and it is in this value where disposition plays and tremendous part personality is that thing that define who you are and how you understand the world, they way of breeding you act in an specific situation allow for completely bet on your personality which is constantly shaping appearing on the experiences you have during your life time. macrocosm this said an assessment tool, as an MBTI go forth help you forbid how a person would perform in a specific muse with some specific needs and functions regardless of their studies.Note that sometimes this approach might mislead into assumptions of someones personality because of how it is perceived, the way we distract the common errors of perception as first impression error, selective perception, stereotypes among others will succeed or disorientate the approach and will end up with no correct personality description which will mislead you into pervert conclusions.2. Can a friendly, customer-oriented attitude be developed in person? Can Nordstrom train employees to prioritize making customer happy, or it is strictly a matter of personality?Yes it can be developed in a person, but it would depend on its personality how this skill will shine and if this value will be enacted. Something like service, which is customer-oriented attitude, will depend on how this personunderstand the world, how he communicate and what are his preferences. Being this said, it is not something that depends whether on the training or in the personality, there has to be a smooth connec tion between both.Nordstrom for example does an incredible work by hiring people which personality allows them to perform great on their customer-oriented service, a skill they train into each of their employees and due to their personality it is easily equal and enacted since it is felt natural.3. Describe the ideal Nordstrom salesperson in terms of the personality traits that are involved in core self-evaluation (CSE).Warmhearted, conscientious, and cooperative. Wants harmony in the environment, whole kit with determination to establish it. Likes to work with others to complete tasks accurately and on time. incorruptible , follows through even in small matters. Notices what others need in their day-to-day lives and tries to provide it. Wants to be appreciated for who he or she is and for his or her contribution.

The German Lifestyle

Lets face it, for approximately English speaking people living in Germevery is not curiously easy if you are not part of a German family. So many unwritten rules end up being communicated through back breaker stares, or loud protest (in some dialect 90% of Germans wont plane understand). As a general rules you can even up the distance from a metropolitan centre to calculate the intolerance level. bingle should think of this as a form of asserting the failing depicted object identity. By pointing stunned that you do not understand the rules, the locals affirm their hotshot of belonging. Yes, I am a good German and bright comely to know that a yellow dustbin is intended for plastic only. about of these rules tend to gravitate around weekend life, which is the times you will roughly probably spend admiring the countryside (and one is prone to spot the odd hordes of chappies every dressed to the nines or totally naked out in the forest). The source rule to obey is somethin g called Ruhezeit, or quiet time. Anything from a crying flub to flushing the toilet may be make outed an infringement. Be particularly aware of clauses in your rental contract which specify when you may be forgiven for flushing the loo.Loud noises should be avoided bank 8 in the sunup, and again around lunchtime. Following on from the perplexing everything is an exception logic of their language, you may expect different interpretations of when exactly you should outstrip take your lunchtime nap (without snoring of course). If you intend to allow friends over, and you consider listening to music, be sure to warn your neighbours (at least 4 houses abstruse in each direction) well in advance. Most Americans are either shocked or ecstatic about Germans mental attitude towards alcohol.You can safely say that Germans do not consider beer an alcohol-dependent beverage. You will encounter happy tipplers enjoying a brewsky on the train, walking rectify the street or sitting in the cinema at any time of the day or night. Well how could anything brewed according to the Reinheitsgebot (translated purity ordinance, and no you wont find that in the Bible, and it was not the terra firma Luther revolted) be considered evil. There does not take care to be a stripped-down age and it would appear that both smoking and beer are much uncouth with (early) teenagers.The strategy seems to be Let them experiment early and get it out of their system. This attitude does make one wonder about the cultivation system though, where people tend to spend the best part of the eldest 3 decades of their life at educational facilities. They dont seem to kick all habits with the same gusto, or perhaps some habits estimable kick in later. Washing your car is another interesting hobby. And it seems that if thither is to be an addition to the German Bible it would be Thou shalt not wash out thine Auto on Sunday.Ostensibly it is due to the fact that one is not allowed any manua l labour on the day of rest, only when you would be damned to actually find a car wash automat that works. Strangely the vacuum cleaners at petrol stations do work on Sunday. Personally I think there is more to this than meets the eye. To identify the pattern one needs to consider German toilets. I am not sure exactly when they were introduced, merely this has got to be the close nonsensical construction yet contri thated to the world of anal retentive fixations. Most loos have a little platform, intended to present your turd on a pristine, white ceramic pedestal.In this track you have no option but to be confronted by it when you flush. This continued forced exposure to faecal evacuation has got to be the reason Freud came to be the way he was. The modern same being the sin of washing the car on Sunday. Another way of looking at the not on a Sunday line is to consider that Germany is the nation which has produced more car brands per capita than anyone else. Although one can equate the tender loving care bestowed upon the delicious contours of leather (jawohl) and plastic as resembling the worship of false gods.And where else do political parties fear the wrath of the electorate if the even suggest Freeways without speed limits are a bad idea? nonpareil could argue that a country where the government serves as debt collector for the perform may frown upon waxing up the Porsche on Sunday morning (they would prefer to see you in church and getting value for your money), but personally I still blame the wonky toilets. Call it unperceivable mass social structural programming, but as Sigmund may say, it looks anal to me.

Outline of the Tea Party Platform Essay

rely that heavy taxes are a nitty-gritty for those who apply their personal liberty to work hard ? Need for governing to protect the promiscuousdom of citizens with interference of the government that has exceeded its necessary size or scope. 2. Eliminate National Debt ? there is a need to have monetary conservative policies at each levels of government ? narrow down the subject field debt for the good of the average American 3. Protect Free Markets ? Allow free markets to prosper without the infringement of the national government ? persuasion that free markets should be protected and are the backbone of the U. S 4. Abide By the brass of The United States ? whim that the U. S Constitution is the supreme law and should be held as so ? Constitution but be upheld in all areas, levels and branches of government 5. Promote Civic Responsibility ? Citizen involvement should be upheld ? Belief that citizen inolment directs the behaviors of the representatives both on a local and na tional level 6. squeeze the Overall Size Of Government ? Belief that a bloated or overcrowded bureaucratism leads to uneconomical spending ?Reducing the size of governement will than in become help eliminate inefficiencies that result in deficit spending 7. Believe In The People ? Guaranteed freedoms for the American people will cause and so to thrive and grow in a democratic, capitalist enviroment which allows individuals to achieve and go after achievements 8. Maintain Local Independance ? The strength of the Tea Party causa is the ability of citizens at the local level to establish their own platforms ? Belief that each citizens voice should be heard

Antigone Romeo and Juliet

Allusion between Romeo and Juliet and Antigone For years there have been discussions if in fact Shakespeargon make material found in previous literature. Though, whether or not, he did Shakespeare created an good allusion to Sophocles Antigone, the Greek tragedy. In Romeo and Juliet we see the manage of two people, and the ones who pull them apart, thus we see their final fate. In Atigone we see a lot of the selfsame(prenominal) context which brings us to the main three ideas that make up the themes of these miraculous plays, love, government, and fate. One of the biggest parts of what makes these plays so intriguing is love.Love can be a very gripping theme in any type of literature, which is wherefore Romeo and Juliet is known as one of the greatest novel of all time. What some(prenominal) people do not know is the similarities between Romeo and Juliet and Atigone. In Romeo and Juliet they are definitely meant to be unitedly but their families controversy makes it very u nwieldy which makes them go behind their families backs. In Antigone, Antigone and Hamion are also meant to be together but, because of the controversy between Antigones brothers one was left without a ripe burial.King Creon declared that no one must bury him, and Antigone decided to go against him for the love of her brother. Antigone was then caught and sentenced to death which separated Antigone and Hamions love. In Romeo and Juliet there is also a crime that separates their love, Romeo avenges the death of a friend and ends up killing Tybalt, which is then sent into exile. As you can see in both plays there is a dramatic action that sends a love one away. In Antigone Hamion is deeply saddened by what has happen to Antigone so he visits her dead body in the cave and takes his life. Before he does though he says,

Read Savage Inequalities by Jonathan Kozol Essay

In 1964, the actor, Jonathan Kozol, is a youngish patch who whole caboodle as a teacher. Like some(prenominal) anformer(a)(prenominal) others at the time, the grade coach where he teaches is segregated (teaching only non- sporting scholars), understaffed, and in short(p) physical condition. Kozol loses his premier job as a teacher because he introduces students to some Afri screw Ameri provide poetry that questions the conditions of blacks in America. Years later, after holding many other jobs, Kozol misses bl final stage ining with children. He decides to visit develops across America to squargon up what has changed. What he learns is saddening many sh solelyows cause student bodies that atomic number 18 still dissipate and unequalized.Kozols journey starts in due east St. Louis, Illinois. Traveling with a charwoman from a religious organization, Kozol takes a look around the intimate city. The t delivers passel sits on a flood plain below beautiful homes that h ave been built on. Furthermore, factories pour sewage and toxic waste into the city. Playgrounds atomic number 18 assemble to contain heavy metals that can make children ill. An attempt has been made at construction a new give lessons in one field of view, that cheap construction techniques result in a roof that collapses. topical anesthetic grade school children tell Kozol horror stories of family and friends who were murdered.A visit to the East St. Louis schools reveals an over each(prenominal) lack of facilities. Sewage floods lunchrooms, making it intolerable to serve intellectual nourishment there. Students need books, computers, chalk and nonetheless toilet paper. Science classes need mental test tubes, tables, running water and even heat. The ceiling is some to collapse in one school, the gym and locker room stink with toxic mold, and even the arts classes have no tools.Dedicated teachers make poverty wage teaching oversized classrooms and even choose to bring in their own teaching aids and pay for them stunned of their own wages. Almost all(prenominal) student in every run pile school is non white. minority students know they are receiving inferior preparation in ugly, filthy, dangerous buildings tho wait most concerned by the fact that they are all pushed aside and not live withed into tightlippedby white schools. They wonder why they are not the liked or trusted.Next Kozol travels to Chicago, Illinois, in the area of Lawndale where Martin Luther King has worked and experienced the worst racism of his life. The conditions are similar as in East St. Louis with filth, decay and danger in mostly non-white schools. Kozol focuses on the incompetent and unkind teachers are the only people the Chicago school system have been hired for these segregated schools and offering low wages. The author disagrees with government officials claims that schools dont need more money, only ruin teaching methods. To prove his point he talks or so a dedicated, brilliant teacher working in the slums who manages to excite students. She is just down the hall from uncaring teachers. If they wish to learn her methods, all they have to do is watch.Lack of money is the problem and racism is the reason these schools are not getting the money they need, Kozol states. Thousands more dollars are spent each social class on each white student attending give schools in the close suburbs. Blaming teaching methods or parental involvement for the horrible problems in segregated schools is easier than raising money and finding solutions.The author continues on that the course schools are funded allows inequalities to continue. Local retention taxes fund schools, meaning the money a school receives is based on the value of the houses in the area. Houses in richer areas can be returned by whites that pay more property taxes and get better schools (even if they are dumping sewage onto non-white areas situated below them without paying taxes to those areas to alleviate clean up). Richer homeowners also get tax relief for paying their mortgages.Meanwhile, poor black areas are dumping grounds for toxic waste and garbage, which hit the wealthier citizens, but they tend to be the only places poor non-whites can afford to live. Low properrty values result in badly funded, dangerous schools. Wealthier whites subjugate these cosmos schools and move to suburbs where their property taxes go toward building elegant unexclusive schools. Trier school is an example. It attracts a highly trained staff, and boasts an Olympic melted pool as well as other luxuries. An article almost this suburban school brags that most of the students in it are white.Kozol says that magnet schools (special public schools built for the most talented students) seem like a nigh idea, but are also unfair. The inner city disadvantaged non-white students ordinarily dont provide head start schedules or ameliorate parents who can help them push for a dmittance. Students of magnet schools are mostly white. discriminate students watch television and know they are cosmos treated like something less than human. This is savagely cruel.In the next area, sore York, Kozol sees the same shape of filth, indifference and degradation. The difference between money spent in inner city schools and outlying suburbs is more than double in the immature York districts. The school system administrators admit they dont even know how many kids be summate discouraged and drop out of these schools. Kozol finds this shocking in a town where every penny stock on Wall bridle-path can be accounted for every day. However, the school system cannot collect a list of names of dropouts. In fact, several school administrators admit that they au thenticly hope kids will drop out because they have so many students, they cant teach them all.Health care for disadvantaged minorities is pathetic, which shows indian lodges indifference to the non-whites, says Kozol. As in Illinois, funding inequalities in New York are not just a topical anaesthetic problem. The State of New York rattling distributes more money to the richer schools. Visiting a fancy school in Rye, NY, Kozol is disappointed to learn privileged kids are uninterested to the pain of non-white students in other schools. According to Kozol this is not true of students in his day.Media adds to the misconceptions about poor schools, according to Kozol. For instance, The Wall Street Journal claims that minor cuts in class size wont help test rafts much. Kozol advocates that if that is the case, why not double the number of children in each white public school classroom? Nobody would stand for this.He visits Camden, NJ, the quartern poorest area in expanse. At Pyne Jr. High there are no computers. At the topical anesthetic high school the computers have literally melted because of the extreme heat in the non-air conditioned building. Kozol wonders why African American teach ers at these schools ignore the issues of race as if they just accept matters as inevitable. High school kids in Camden tell Kozol about being unable to read the classics because pages are missing from their books, and one promising student is told by her guidance councilor to give up her dream of becoming a lawyer because her English isnt good enough. As in other cities, dangerous chemicals flee from nearby factories (the factories do not pay taxes here) and children hurt major illnesses. The only principal who earns respect from the media s a man who walks around the school with a bat and tosses three hundred students out of school. This doesnt help the school, but it gets him on the cover of magazines.When parents of a young boy named, Raymond Abbott go to flirt to protest the inferior education he is receiving as a poor non-white boy in New Jersey. dear(predicate) lawyers are hired by the State to fight the lawsuit. Eventually the court decides that Raymond is indeed being un fairly treated. However, the decision comes too late to assuage his educational career. Raymond ends up a dropout cocaine addict in jail. sooner introducing readers to the problems in Washington, DC, Kozol observes that disadvantaged people ask for totally equal education when they go to court. Why not? Kozol heads to Washington, where the city contrasts with the reality of the non-white slums a few blocks away. A city official observes that the very poor accept a dual system with richer magnet schools so the whites wont emerge altogether and take political power and money to the suburbs. The news media seem to blame the victim portraying the people who live in ghettos as dangerous fools who spend too much on expensive tennis shoes and jewelry. Kozol says TV viewers in the suburbs dont infer this stuff is being pushed on ghetto residents who have no access to things of real value.One failed method of improving non-white schools has been to hire non-white administrators. Kozol say s this cannot help. Detroit has had non-white administration for years and the underfunded schools are still in a predicament. When a U.S. District Court finds that Detroit schools are both separate and unequal, the U.S. peremptory Court is called in to consider the charge. The imperious Court at this time is heavily packed with conservative Nixon appointees. These adjudicate say that making things fair in the city of Detroit for the poor would unfairly punish the suburbs. An important Justice of the Supreme Court, Thurgood Marshall, disagrees with the majority opinion and sees that the country has taken a giant step backward in values. Later, chairman George H.W. Bush says money is not the answer to solving school problems.Kozol then heads to San Antonio where he begins by claiming that Americans hesitate to directly discriminate against other peoples children because this would make them feel guilty. However, he thinks, laws have allowed discrimination to progress in a less d irect form. For example, in the 1920s in America the Foundation program is established. It is supposed to mean that everybody is taxed on local homes and businesses at the same rate, and the federal government comes in to make up the difference in money raised by sending unnecessary subsidies to poor schools. Yet, white schools historically get more of this make up money. Kozol thinks its strange that when it comes to equal funding for public schools, officials fight for local keep back, but the federal government is happy to overrule federal control when it comes to which books should be read, and other important issues.In 1968 in San Antonio, the parents of Demetrio Rodriguez and other students go to court to fight for equal funds for their low-grade school. Justice Powell of the Supreme Court suggests that a quality education is not guaranteed by the constitution, although lawyers argue the students need the skills to vote, which is guaranteed by the constitution. Twenty-one ye ars later it is found that unequal funding is in fact unfair, but of course this decision is too late for the kid who brought the lawsuit in the first place.Kozol visits Alamo high gear near San Antonio where the wealthy live. He then descends to the shacks below the bluffs where 99.3 percent of the kids are Hispanic and poor enough to rely on the school lunch program for their main meal of the day. Down in the valley, the teachers are underpaid, the buildings are crumbling and the schools can spend only a fraction of what they spend in Alamo Heights on each student. Yet most of the States superfluous funding goes to Alamo Heights.Finally Kozol sees that when white children are impoverished and discriminated against, their schools are poor, too. He visits a community of poor Appalachian children thrust into one school. It undergoes overcrowding the building is in shambles and teachers lack resource, just like all of the non-white schools all over the country. He is told that soon many of these children will be bussed to non-white schools nearbyKozols observations are haunting. Time and time again the pattern is repeat Non-whites pushed into nasty, dangerous conditions through history, whites unwilling to share their prosperity with the people of discolour they fear, governments endless excuses for doing nothing and actually blocking the success of poor schools in corrupt ways. Kozols conclusion is that this is illogical, unpatriotic and deeply unkind.Overall, I rightfully enjoyed this book and what is has to offer when describing the unequal treatment African Americans and minorities have in urban areas. Heres what we should do. Put more money into preschool, kindergarten, primary years. Pay college kids to tutor inner city children. Get rid of the property tax, which is too uneven and use income taxes to support these schools. Pay teachers more to work in more places like the Bronx. It has to come from taxes. Pay them extra to go to the worst schools. Y ou could forgive their college loans to make it worth their while., this statement spoke to me. Its the ideal plan, however I dont see it actually transpiring into our education world.I was ignorant to the true facts of the American educational system. This book, Mr. Kozol, has opened my eyes to the history, suffering and makes a powerful impact on his behalf. He begins by showing specific, terrible injustices then examines how the troubles have come to be, sometimes by reviewing court decisions or by tracing the impulsion of labor away from a particular area. Next, he talks about those things standing in the way of improvement, often vague attitudes or fears. Finally, toward the end of the book, he begins to outline his vision for getting past the roadblocks and improving all schools. The result is that the reader/I was hooked right away, wondering how in the world such awful things have come to pass.

Concepts in Biology: Syllabus Essay

attention It is important that you make every effort to attend all of the lectures. in that location is a high correlation between higher test grades and attending. transport arrive on time and avoid leaving early. You are responsible for all lecture material and the assigned material in the schoolbook that is relevant to the topics covered in class. P palingenesis the text before advance to class and have a framework for understanding the lecture material. after(prenominal) lecture read the parts of the text directly relating to lecture and review your notes before studying. You should study at least 3 hours for each 75 minute lecture. Attendance entrust betaken unannounced end-to-end the semester.CELL PHONES AND TEXTING is a distraction to you, your neighbors and to the lecturer. Please turn off your carrel phone before entering room 404E. Talking on your prison cell phone or text messaging during class is inappropriate behavior. laptop COMPUTERS are also a distrac tion to others in the class. Please cast your laptop away during lecture. You learn best by creating your own written notes. EXAMINATIONS will be machine graded. YOU WILL NEED A 2 PENCIL for filling out the ScanTron forms. Exam scores will be reported to you on eLC. If you have any questions about your testscores, split with Ms. Davis in the Biology Office (room 403).You should have a 2 draw with you for every class ( attention/ mental testings). Memorize your 810 number you will need it for quizzes, exams and attendance checks. ACADEMIC HONESTY Whatever form it takes, academic dishonesty hurts everyone It is unfair to other pupils, it diminishes the reputation of the University and the hold dear of the degree it confers, and it can result in serious disciplinary action (Dr. Robert Kirkman, Georgia Tech).As a student of the University of Georgia, it is your responsibility to become familiar with, understand,and abide by the standards contained in A stopping point of Honest y. Any person appearing to be academically dishonest will be reported to the office of the Vice electric chair for Instruction. For more information regarding academic dishonesty, please consult A Culture of Honesty available on the web at www. uga. edu/ovpi/academic_honesty. htm. Ignorance of these regulations is not a defense in cases of infringement. The penalties for academic dishonesty can be severe. So, comely DONT DO IT GRADES There are four (4) cardinal (50) question exams and a comprehensive final exam.Each correctexam question is 2 points ( ascorbic acid points/exam). Exams will have a total value of 400 points. The final exam will have 100 questions charge 200 points. Total points for the semester are 600. 20 or more particular credit points will be available through unannounced attendance checks and quizzes. Final grades are based on your total accumulated points and will be awarded as listed below Possible Points for the Semester Exams 4 exams x 100 points / exam 400 points Final Exam 200 points Total 600 points company % Total points A 93 -100 558 A- 90 92 540 B+ 87 89 522 B 83 86 498 B-80 82 480 C+ 77 79 462 C 73 76 438.C- 70 72 420 D 60 69 360 F

IAS 18 Revenue Recognition

insane asylum This assignment features the recognition and step of tax tax income depending on the source of receipts in accordance with the provisions of multinational explanation Standards (IAS) 18 gross. I researched the topic and subtendd the special purposes of the assignment first of all, it is important to cognise the main concepts of IAS 18, also to l straighten out the rules by using this particular restrictive framework, and to sire knowledge to the highest degree writing the report at all. The enshroud To Managing DirectorFrom Student A Regarding IAS 18 Date 3/11/2011 installation to the Report The Conference on International chronicle Standard (IAS) 18 Revenue was held to introduce the concepts of the regulatory framework of financial reporting and to trifle the given information in convenient mapping of practice. The objective of IAS 18 is to prescribe the cyphering treatment for receipts arising from sealed types of consummation and events (Summarie s of International Financial Reporting Standards, 2001). Key definitionAccording to International Accounting Standard military commission (IASC) the Framework Revenue is income that arises in the course of ordinary activities of an opening and is referred to by a variety of different names including sales, fees, interest, dividends and royalties (IASC, 2000). So tax revenue enhancement is bingle of the most important indicators of accounting. It is a key factor of the profit, its assessment helps to physique many financial indicators on the profitability of the activities of the organization, as wellspring as return on investment.A key issue when recording revenue is to define the moment of its recognition. Revenue is recognized if it is likely that the organization provide witness sparing benefits in the early, and these benefits arsehole be dependably measured. IAS 18 specifies conditions where these criteria be met and in that locationfore the revenue recognizes. Th is standard also provides practical advice on the natural covering of those criteria. Measurement of Revenue In accordance with IAS 18 revenue is unremarkably impelled by agreement between the supplier and the customer or user of the asset.This means that it is measured at seemly value consideration, which the guild has received or receivable trade discounts and volume rebates provided by the enterprise ar taken into the sum total. The standard defines fairish value as the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arms length transaction. (IASC, 2000) As the fair value is often expressed in monetary terms, the revenue will be the amount that the high society has received or receivable. This problem occurs when the introduction defrayal is deferred.In this case the present value of the retribution will be less than its face value. So IAS 18 introduced the following requirement the confederacy must be discounting. In such circumstances all future receipts should be discounted using the imputed interest rate. The second problem in recognizing the revenue arises in cases when the company offers its clients discounts for fast calculation. To comply with the requirements of IAS 18, discounts for fast payment should be measured at the time of the sale and deduct from the revenue.In cases when at that place is an exchange for goods or services similar in nature, comprise of revenue does not arise. When exchanging a variety of goods, revenue is measured at fair value of the goods or services received, minus the amount transferred to cash or cash equivalents. Revenue recognition Revenue is recognized with regard to the certain points the convincing evidence of an agreement with a customer, the delivering goods and the rendering of services. Sale of goodsThere are following criteria to recognize revenue from the sale of goods * Signifi senst risks and rewards associated with owners hip of the goods passed from the marketer to the buyer * The company no longer participates in the management of the property, interchange goods and it does not have control over them * The amount of revenue support be reliably assessed * Costs that should be suffered relating to a transaction chiffonier be measured reliably * There will be potential economic benefits for the enterprise as a result of this appendage. Rendering of servicesWhen the upshot of a transaction involving the rendering of services can be reliably estimated, revenue from the sale of services is based on the level of closing of the transaction at the balance sheet date. The outcome of a transaction can be measured reliably when * The amount of the transaction can be reliably assessed * There will be probability to bunk economic benefits for the enterprise as a result of this operation * direct of completion of the transaction at the balance sheet date can be assessed * Costs that should be suffered re lating to a transaction can be measured reliably.Revenue from the provision of goods and all services is only recognized when the amounts to be recognized are fixed or determinable, and collectability is reasonably assured (Elliot B. , Elliot J. , 2007) Interest, royalties and dividends IAS 18 considers the accounting procedure of potential components of revenue organization primarily from legal proceeding involving the sale of goods, rendering of services, as well as through separate organizations or individuals property of the reporting organization, giving interest, dividends or royalties.If the probability of the economic benefits for the enterprise exists and the amount of revenue can be measured reliably, income in the form of interest, royalties and dividends are recorded as follows * Interest (fees that are levied for the use of cash and cash equivalents or amounts owed) should be recognized on a temporary basis, which is proportional to the effective yield of the asset * Dividends (profit-sharing between the owners of the contend capital in proportion to their participation in the capital of a particular class) should be recognized when the shareholders have the right to receive payment * Royalties (fees for the use of fixed assets such as patents, trademarks, copyrights and computer software payments) should be recognized on an accrual basis according to the content of the relevant treaty. Disclosure requirements IAS 18 contains certain disclosure requirements because it is important to use disclosures to get the decision-useful information intimately an entitys arrangements with customers.In the income statement, as well as in the financial statements should be disclosed the following information a. The amount of all(prenominal) substantive article of the revenue received from the sale of goods, services, as well as the amount of interest, royalties and dividends b. The amount of revenue arose from exchanges of goods or services c. The methods utilize to designate the quantitative measures for the level of completion of the transactions in rendering of services. The disclosure requirements provide sufficient information to users of an entitys financial statements about the changes in circumstances affecting those performance obligations (International Accounting Standards Board, 2008). Example of Revenue On 1/04/2010 lash Ltd. eceived total subscriptions of 480,000. So as the result, the company is obliged to provide 24 monthly publications of the magazine. Dr Bank 480,000 Cr Deferred Income account 480,000 On 31/03/ 2011 the company has produced and sent out only 6 of the 24 publications, and the total cost of producing the 24 publications is 180,000. The average cost of distributively publication is the analogous amount. That means each publication cost 7,500 (180,000/24). Consequently, the cost of merchandise 6 publications is 45,000 (7,500*6). For one year, from 1/04/2010 to 31/3/2011, company produced 6 publicat ions. Therefore, to produce all 24 publications, the company should complete the pose in 4 years.Thus, each year Leather Ltd. will earn 120,000 (480,000/4) selling 6 publications. The organization will receive economic benefits in the future, and these benefits can be measured reliably. So 31/3/2011 revenue of the company is 120,000. Dr Deferred Income account 120,000 Cr Sales account 120,000 Income Statement of Leather Ltd. for the year ended 31st March 2011 Sales 120,000 Cost of production 45,000 Gross profit 75,000 expiration of the Report Revenue recognition criteria provided in IAS 18 Revenue should normally be applied to each operation separately.However, in certain circumstances, they must be applied to individual elements of a transaction in order to correctly reflect the sources of revenue. At the same time, on the contrary, recognition criteria can be applied simultaneously to dickens or more operations when their commercial effect cannot be determined without consider ing the operations as a whole. The provided conference helps to understand that the general principles of revenue recognition and measurement for financial reporting are extremely substantial in the system of accounting rules formed by IAS. Signed ____________ Conclusion The assignment represents the report that determines the important concepts of the regulatory framework defined by IAS 18 Revenue.While researching the following topic I got useful knowledge about the structure of the report. The assignment gives clear explanations of such terms as revenue and fair value, it also outlines important points of revenue recognition and measurement of the revenue. The assignment covers all information about how to recognize revenue and there is the particular example on revenue recognition. Bibliography ELLIOT, B. , ELLIOT, J. , (2007). Financial Accounting and Reporting. Accounting and reporting on an accrual accounting basis. 11th edition. London copyright Licensing Agency Ltd. , p. 26. International Accounting Standards Committee (2000). International Accounting Standards Explained.Accounting for revenue and Expenses Revenue. London Copyright of IASC, p. 321. International Accounting Standards Committee (2000), International Accounting Standards Explained, Accounting for Revenue and Expenses Revenue. London Copyright of IASC, p 322. Preliminary Views on Revenue Recognition in Contracts with Customer. International Accounting Standards Board, 2008. p. 77 http//www. iasb. org/NR/rdonlyres/0E3D5E00-B961-42F0-BA64-AB1D20BB9FE9/0/DP_PreliminaryViewsRevenueRecognition1208. pdf Accessed 24 Oct 2011 Summaries of International Financial Reporting Standards. Deloitte, 2001. http//www. iasplus. com/standard/ias18. htm. Accessed 20 Oct 2011