an expected loss (EL) approach. The Committee strongly supports the initiative of the IASB to move to an EL approach. The goal is to improve the usefulness and relevance of financial reporting for stakeholders, including prudential regulators. It has issued publicly and made available to the IASB a set of high level guiding principles that should govern the reforms to the replacement of IAS 39.
Chapter 1. Indian Pharmaceutical Market Overview
1.1 Scale of Pharmaceutical Market
1.1.1 Domestic pharmaceutical market
India is among the fastest growing pharmaceutical markets in the world. The domestic pharmaceutical market recorded sales of US$ 7.3 billion in 2006 with a growth of 17.5 per cent over the previous year.
1.1.2 Pharmaceutical Industry
The Indian pharmaceutical industry
Deviating from these Standards caused great social cost, making legislations such as the Act of External Auditing on Corporations to punish those deviations, which were named as audit failures. According to these legislations, the Financial Supervisory Service annually verifies the work of every accounting firm. This legal environment made quality control the first priority of accounting firms.
LIFO the goods in inventory at the beginning of the period is assumed to remain in the ending inventory. LIFO requires significant record keeping and careful management of purchases. It also results in significantly understated inventory values (assets) if it has been used for a significant length of time and/or if there is significant inflation. However, it results in significant tax savings
Ⅰ. 미국의 정보기술(IT)
1. IT02 : 전국적으로 통합된 수혜 전자 이체(Electronic Benefit Transfer : EBT)의 실시
o 고어 부통령은 EBT 특별작업반의 보고서 \"종이로부터 전자공학으로: 효율적이고 경제적인 수혜 전달 시스템의 창출―전국적 EBT 시행계획\"을 승인함.
- 이 보고서는 전국적 EBT를 실시할 것을