account receivables. By these estimations, the amount of bad debts during the period is determined, and this value is adjusted at the end of the period to a bad debt expense.
5. When Xerox posted the entry in “3)” for some of its subsidiaries in Mexico and throughout Latin America, what was its effect on Xerox’s assets? Net income?
When Xerox posted the journal entry for “exposed rec
accounts that has been changed by the adoption of the IFRS is stated)
The statement of financial position
as of 1 JAN 2008 (transition date) (in number of thousands of won)
accounts K-GAAP Effect of the adoption of the IFRS K-IFRS
Investment on subsidiaries 6,553,113 397,357 6,950,470
Intangibles - 1,384,221 1,384,221
Financial assets - 77,699 77,699
Other receivables 305,341 283,456 588,
account gives an insight into how much of the Yen liabilities are used to fund activities “outside” Japan. The tell-tale signs of the “broad yen carry trade” would be the conjunction of Large yen liabilities in the JPY interbank market and Large net assets on the interoffice account. This is because when yen funds are channeled for use outside Japan, there is the conjunction of large yen
Accounts) if they want.
2. Private management about pension assets(AFP)
AFP is private company established for management ICA and property investments. Subscribers can choose AFP freely and move to other AFP accounts. AFP is fully restricted by SAFP(Superintendency of Pension Administrators).
The main character of AFP is shown as follows.
- AFP is restricted by SAFP
- AFP can o
adjustment for inflation), while others prefer not to use a preset formula and change exchange rate frequently to discourage speculations.
• Exchange rate within crawling band
It permits exchange rate of one’s currency moves within fixed band from the exchange rate standard in the short term.
Periodically, it adjusts the exchange rate standard so it permits more elastic exchange rate