Pharma Company-Restructuring Cost - 892 Words

Case 10-3 Restructuring Costs Pharma Co. (Pharma or â€Å"the Company†) is a U.S. subsidiary of a U.K. entity that prepares its financial statements in accordance with (1) U.S. GAAP for reporting to its U.S.-based lender and (2) IFRSs in reporting to its parent. Pharma is in the process of restructuring a business line. As part of the restructuring, the Company is considering the relocation of a manufacturing operation from its present location to a new facility in a different geographic area. The relocation plan would include terminating certain employees. IAS 37 includes guidance for accounting for restructuring costs in accordance with IFRSs. Paragraph 10 of IAS 37 defines restructuring as follows: [A] programme that is planned and†¦show more content†¦4. The cost to dismantle the existing manufacturing operation is estimated to be $1 million. In the jurisdiction in which Pharma operates its current facility, there is no legal obligation for dismantling plants when abandoned. Pharma has not historically dismantled its plants when abandoned but decided to make an exception. In a press Copyright 2009 Deloitte Development LLC All Rights Reserved. Case 10-3: Restructuring Costs Page 2 release, the Company has stated its intention to dismantle the existing operation. The costs to reassemble the operation in the new facility have not yet been finalized. Required: †¢ †¢ In reporting to its U.K. parent under IFRSs, how should Pharma account for the above restructuring program for the year ended December 31, 2011? In reporting to its U.S.-based lender in accordance with U.S. GAAP, how should Pharma account for the restructuring program for the year ended December 31, 2011? Copyright 2009 Deloitte Development LLC All Rights Reserved. Case 10-3: Restructuring Costs Page 3 APPENDIX A Press Release Pharma Co. Announces Early Lease Termination Tulsa – 12/15/2011 – Pharma Co., a leading pharmaceutical developer, today announced its plan to terminate the lease on its Plant A facility located in Bellvue, Oklahoma, as part of its management restructuring and cost-cutting measures. Earlier today, Pharma Co. entered into anShow MoreRelatedResructuring Cost880 Words   |  4 PagesIFRS Case Re structuring Costs Pharma Co. (Pharma or â€Å"the Company†) is a U.S. subsidiary of a U.K. entity that prepares its financial statements in accordance with (1) U.S. GAAP for reporting to its U.S.-based lender and (2) IFRSs in reporting to its parent. Pharma is in the process of restructuring a business line. As part of the restructuring, the Company is considering the relocation of a manufacturing operation from its present location to a new facility in aRead MoreRestucturng1670 Words   |  7 PagesPharma Co Date: June 18, 2016 Prepared by: John B. Owens Viewed by: Joseph Walsh Issue: Determine proper accounting treatment for restructuring program costs under GAAP for the year ended December 31, 201X. Background: Pharma is in the process of restructuring a business line. As part of a restructuring, the Pharma is considering the relocation of a manufacturing operation from its present location to a new facility in a different geographic area. The relocation plan would includeRead MorePharma, Co617 Words   |  3 PagesSolution for the Case 10-3 - Restructuring Cost Pharma Co. should account for the restructuring program in different ways for the U.K parent and to U.S.-based lender. A. With respect to IFRS, company should use IAS 19 and 37. According to the IAS 19, paragraphs 133 and 134, entity should recognize termination benefits when company terminates the employment of employees before normal retirement date and company has detailed formal plan for termination. This plan should include theRead MoreCase 11-4 Essay1108 Words   |  5 PagesCase 11-4 SUBJECT: Determining the Functional Currency of Sparkle Company Sparkle Company is a Nigerian diamond mining company. Sparkle is a joint venture, 50 percent owned by Shine and 50 percent owned by Brighten. Both Shine and Brighten are U.S.-based companies with their functional currency being the American dollar. Sparkle Companies functional currency is that of Nigeria, being the Naira. During 2009, Sparkle had several transactions with its joint venture owners and outside parties. TheRead MoreAccounting for Pharma Co.’S Restructuring Program of Relocating a Manufacturing Operation Including Terminating Certain Employees Under Ifrss and Gaap.2546 Words   |  11 PagesPharma Co. Date: October 8, 2012 Prepared by: Lily Xu Reviewed by: Professor Dennis Goodman ISSUE: Accounting for Pharma Co.’s restructuring program of relocating a manufacturing operation including terminating certain employees under IFRSs and GAAP. BRIEF BACKGROUND Pharma Co. is a U.S. subsidiary of a U.K. entity that prepares its financial statements in accordance with (1) U. S GAAP for reporting to its U. S.-based lender and (2) IFRSs in reporting to its parent. Pharma. Co is in theRead MorePharma Company Restructuring Plan- Accounting Under2082 Words   |  9 PagesPharma Company Restructuring Plan- Accounting Under IFRSs U.S. GAAP Introduction and Background Pharma Company is a U.S. based subsidiary of a U.K. organization and prepares its financial statements in accordance with both U. S GAAP (for reporting to its U.S. based lender) and IFRSs (for reporting to its U.K. parent). As part of a restructuring plan for one of their business lines, Pharma Company is considering the relocation of a manufacturing operation from its current location in Bellvue,Read MoreTo What Extent Does a Mature and Cyclical Product Market Drive Corporate Restructuring? Use an Example to Discuss Whether Restructuring Transforms Market and Financial Performance.1669 Words   |  7 Pagesand cyclical product market drive corporate restructuring? Use an example to discuss whether restructuring transforms market and financial performance. A business, which has a product that runs in a cyclical and mature market, will eventually not have the ability to ‘grow’ anymore as it will reached the ‘top’. Therefore to continue making its business profitable, increase shareholder value and work more effectively they under go corporate restructuring. This is a process used in all sorts of firmsRead MoreEffectiveness Of Glaxosmithkline s Corporate Governance Essay1702 Words   |  7 Pagesthen it makes good use of extensive data on sales revenue, share price oscillations, pipeline status and return on equity to assess how well GSK maximizes shareholders demand. However, GSK has neglected the demand of the other stakeholders of the company, Regardless, this report positive recommendation can be summarized into two themes. Firstly, irrespective of the depressed economy and market overload, GSK continues to have strong financials, as well as having ideas for diversification into otherRead MoreGlaxosmithkline s Financial Performance : Glaxosmithkline1166 Words   |  5 Pagesvery similar to the a pre existing drug Tagamet (first ever blockbuster) sold by Smith Kline French, their completion at the time (MONTALBAN and SAKINÇ, 2011). The introduction of this drug, brought about an increasing sales force in the US, the company so on became dependent on the drug, because it represented a large part of their profit. In 2002, 8 blockbusters of GSK contributed to $14.240 million sales revenue, taking up 53% of its total ethical sales (Froud et al 2006). However, due to theRead MoreOverview of SQUARE pharmaceuticals LTD2777 Words   |  12 Pagessourcing of Active Pharmaceutical Ingredients (API) in the post-WTO era, with its advanced a manufacturing capability. SPL is one of the first companies to have an extensively computerized and automate working environment connecting every corner of the country to the centre. Productivity through connectivity is one of our heritages of progress. SPL is the first company to go  beyond the national boundary, exporting its quality products in overseas markets in Asia Africa, and Europe. More than that, SPL has

Short Story - 1062 Words

Taehyung gasped loudly, expecting the worse, but only whimpered softly, melting onto the door once it all sank in. Jeon Jungkook kissed him. Taehyung shouldn’t be mad, he did gave Jungkook the impression that Taehyung wanted to take over Jimin’s position. Taehyung just thought that Jungkook would have given him enough time to settle in his room before explaining to Jungkook what he saw. Guess he was wrong. Kissing Jungkook wasn’t too bad, it didn’t felt like how it was with Jimin, but at least it didn’t felt like the time with Chung-Hee. It was aggressive and strong, held a lot of tongue and saliva, but if Taehyung was honest†¦ he could honestly enjoy it. Even more when he slipped his eyes shut and allow himself to relax against the door†¦show more content†¦Ã¢â‚¬Å"You need to get away.† â€Å"What are you talking about? I need to get out of here and find out what the fuck is going on? My brothel is getting fucking shot up,† Jungkook hissed out, spinning around in an attempt to get to Taehyung’s door, but before he could even re ach the knob, Taehyung’s hands were on his wrist. First reaction was to shoot. Taehyung was annoying and it was clear he had an early death wish. â€Å"Let me go, Taehyung. I am not kidding about shooting you.† At least, he gave a warning, no one can say he didn’t care or he didn’t show a sign of remorse. Jungkook was the King of Remorse. Kim Namjoon could eat it. â€Å"I know,† Taehyung stressed out, edging towards the window and getting on his high tippy toes, touching the old locks, it was rusting greatly, but it still did its job in keeping Kim Taehyung in. â€Å"But you can’t go out there. There men out there here to just kill you. The only way they leave is if you leave,† Taehyung explained before flickering his eyes towards the door once he heard a familiar female scream outside his door. They were near. It didn’t take a genius to know where Jungkook was and if they were watching as close as Taehyung guessed, they would be here any second. â€Å"There been a man watching the brothel for days now. He is here to kill you. He came with his own gang and he knows you are here.† â€Å"How do you know?† Jungkook asked, jumpingShow MoreRelatedshort story1018 Words   |  5 Pagesï » ¿Short Stories:  Ã‚  Characteristics †¢Short  - Can usually be read in one sitting. †¢Concise:  Ã‚  Information offered in the story is relevant to the tale being told.  Ã‚  This is unlike a novel, where the story can diverge from the main plot †¢Usually tries to leave behind a  single impression  or effect.  Ã‚  Usually, though not always built around one character, place, idea, or act. †¢Because they are concise, writers depend on the reader bringing  personal experiences  and  prior knowledge  to the story. Four MajorRead MoreThe Short Stories Ideas For Writing A Short Story Essay1097 Words   |  5 Pageswriting a short story. Many a time, writers run out of these short story ideas upon exhausting their sources of short story ideas. If you are one of these writers, who have run out of short story ideas, and the deadline you have for coming up with a short story is running out, the short story writing prompts below will surely help you. Additionally, if you are being tormented by the blank Microsoft Word document staring at you because you are not able to come up with the best short story idea, youRead MoreShort Story1804 Words   |  8 PagesShort story: Definition and History. A  short story  like any other term does not have only one definition, it has many definitions, but all of them are similar in a general idea. According to The World Book Encyclopedia (1994, Vol. 12, L-354), â€Å"the short story is a short work of fiction that usually centers around a single incident. Because of its shorter length, the characters and situations are fewer and less complicated than those of a novel.† In the Cambridge Advanced Learner’s DictionaryRead MoreShort Stories648 Words   |  3 Pageswhat the title to the short story is. The short story theme I am going conduct on is â€Å"The Secret Life of Walter Mitty’ by James Thurber (1973). In this short story the literary elements being used is plot and symbols and the theme being full of distractions and disruption. The narrator is giving a third person point of view in sharing the thoughts of the characters. Walter Mitty the daydreamer is very humorous in the different plots of his dr ifting off. In the start of the story the plot, symbols,Read MoreShort Stories1125 Words   |  5 PagesThe themes of short stories are often relevant to real life? To what extent do you agree with this view? In the short stories â€Å"Miss Brill† and â€Å"Frau Brechenmacher attends a wedding† written by Katherine Mansfield, the themes which are relevant to real life in Miss Brill are isolation and appearance versus reality. Likewise Frau Brechenmacher suffers through isolation throughout the story and also male dominance is one of the major themes that are highlighted in the story. These themes areRead MoreShort Story and People1473 Words   |  6 Pagesï » ¿Title: Story Of An Hour Author: Kate Chopin I. On The Elements / Literary Concepts The short story Story Of An Hour is all about the series of emotions that the protagonist, Mrs. Mallard showed to the readers. With the kind of plot of this short story, it actually refers to the moments that Mrs. Mallard knew that all this time, her husband was alive. For the symbol, I like the title of this short story because it actually symbolizes the time where Mrs. Mallard died with joy. And with thatRead MoreShort Story Essay1294 Words   |  6 PagesA short story concentrates on creating a single dynamic effect and is limited in character and situation. It is a language of maximum yet economical effect. Every word must do a job, sometimes several jobs. Short stories are filled with numerous language and sound devices. These language and sound devices create a stronger image of the scenario or the characters within the text, which contribute to the overall pre-designed effect.As it is shown in the metaphor lipstick bleeding gently in CinnamonRead MoreRacism in the Short Stor ies1837 Words   |  7 PagesOften we read stories that tell stories of mixing the grouping may not always be what is legal or what people consider moral at the time. The things that you can learn from someone who is not like you is amazing if people took the time to consider this before judging someone the world as we know it would be a completely different place. The notion to overlook someone because they are not the same race, gender, creed, religion seems to be the way of the world for a long time. Racism is so prevalentRead MoreThe Idol Short Story1728 Words   |  7 PagesThe short stories â€Å"The Idol† by Adolfo Bioy Casares and â€Å"Axolotl† by Julio Cortà ¡zar address the notion of obsession, and the resulting harm that can come from it. Like all addictions, obsession makes one feel overwhelmed, as a single thought comes to continuously intruding our mind, causing the individual to not be able to ignore these thoughts. In â€Å"Axolotl†, the narr ator is drawn upon the axolotls at the Jardin des Plantes aquarium and his fascination towards the axolotls becomes an obsession. InRead MoreGothic Short Story1447 Words   |  6 Pages The End. In the short story, â€Å"Emma Barrett,† the reader follows a search party group searching for a missing girl named Emma deep in a forest in Oregon. The story follows through first person narration by a group member named Holden. This story would be considered a gothic short story because of its use of setting, theme, symbolism, and literary devices used to portray the horror of a missing six-year-old girl. Plot is the literal chronological development of the story, the sequence of events

The Quiet Farmhouse Scene Analysis - 1205 Words

The contrast between the dark introductory scene with that of the quiet farmhouse scene helps to build the difference between the outsider (Capote) and his new friends at the party. His rather charismatic and friendly rapport endears him to the crow encircling him to hear his juicy tales about Jimmy Baldwin; who seemingly has a new novel in its final stage (Capote 3). This chatter seems to be his initial entry strategy into this rather quiet Holcombe town, Kansas. He therefore meticulously uses his friendly stature coupled by odd mannerisms, and the welcoming nature of the locals to go about his investigative business. His initial approach to the investigators from the Kansas Bureau of Investigation about the â€Å"The scarf†, that â€Å"It’s from Bergdorf’s†. He nevertheless makes the situation worse by telling the lead investigator, Alvin Hughes, that his main intention in being there is just to witness the town’s reaction, rather than finding the killers. Sensing the confusion, he shifts his position by purporting to be interested with the killers as much as the other town folks are. Not to be left out, Capote goes overboard in his quest for answers by trying to inquire from the murdered girl best friend. His research assistant, Nelle, intervenes by doing the inquiry in a more relaxed manner. His approach was more subjective in the way he talks to Jack, his lover, about the murder (Dupee Frederick 3). He even comments that it’s like the people do not likeShow MoreRelatedPoems: City Planners15330 Words   |  62 Pagesthat we can all relate to and share. Her attitude - and the narratorial tone of the poem - seems negative. She uses words like ‘offends us’, ‘discouraged’, ‘avoidance’, ‘sickness lingering’, including the semantic field of illness. These seem mostly quiet, and passive, but as the poem progresses, she shifts into a more violent tone, with ‘hyster ia’, ‘bruise’, ‘vicious’, ‘capsized’, and ‘insane’. 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He opens, setting the scene, a father rides with his sick child in the night, racing to a nearby farmhouse to get help for his son. â€Å"SchubertRead MoreWitness by Peter Weir Notes12043 Words   |  49 PagesNOTES ON MODULE B, WITNESS BY PETER WEIR, 1985 Introduction: * Engage in a detailed analysis of a text * Understanding of how the ideas, forms and language of a text interact within the text and may affect those responding to it. * Students will need an understanding of film techniques and of the police drama genre. 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Use Lukacss categories to distinguish. li value=2 Nichols is a Marxist novelist, and wrote MBW as a Marxist novel. If he is anything like Lukacs, this should mean that he takes ideology seriously as a key to good guys (socialists, or the poor workers and farmers oppressed by capitalists) and bad guys (capitalists and their lackeys). Discuss the two crucial showdown scenes in the reading for today, Ruby and her men shootingRead MoreConfucianism in Journey to the West31834 Words   |  128 PagesUniversity of Leiden 14 June 2012 Department: Language and Culture of China Course: Visual Political Communication (BA3) Semester: Summer Semester 2011/2012 Lecturer: Florian Schneider Journey to the West A Textual-Visual Discourse Analysis Name: Stefan Ruijsch (Student No. 0620203) Major: Chinese Studies, BA 3 E-mail: s.ruijsch@umail.leidenuniv.nl Phone: 06-48369645 Address: Vrijheidslaan 256, 2321 DP Leiden Word Count: 9,387 Table of Contents pageRead MoreEssay about The Razors Edge Study Guide23742 Words   |  95 Pagesplease visit: http://www.bookrags.com/studyguide−razors−edge/ Copyright Information  ©2000−2007 BookRags, Inc. ALL RIGHTS RESERVED. The following sections of this BookRags Premium Study Guide is offprint from Gales For Students Series: Presenting Analysis, Context, and Criticism on Commonly Studied Works: Introduction, Author Biography, Plot Summary, Characters, Themes, Style, Historical Context, Critical Overview, Criticism and Critical Essays, Media Adaptations, Topics for Further Study, CompareRead MoreEffects and Implications of Coalition Governments on the Political Scnerio in India16277 Words   |  66 Pagesof coalition parties. These characteristics stem from different institutional and political situations that coalitions face, but are also connected to long-standing psychological explanations of group decision making. Our study is a quantitative analysis using published data on the characteristics of coalitions. Politics of India The place in a framework of a federal parliamentary multi-party representative democratic republic modeled after the British Westminster System. 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The Basics of Connecting to Building a Relationship with Nature free essay sample

In a book way ahead of its time, Aldo Leopold wrote a group of essays framed around ecological understanding and relationship. A Sand County Almanac, written in 1949, first gets the reader to love nature and see beauty in even the smallest creatures and plants. Gradually, Leopold brings more of the harms from human hands into the picture to make it known that the natural environments he described in the beginning will soon disappear. The book is not one that every person would read for pleasure, but its basic ideas are key in order to have progress of nature conservancy in a world with progress of technology and should be taught to everyone to minimize environmental mistakes and ignorance of nature. In Part I of the book, Leopold celebrates the abandoned sand farm by intimately describing the abundance of nature that the rest of society would only see as unimportant or not of any use. Leopold is the middle-man between the ignorant reader and the knowledgeable wilderness, and tries to open eyes by discussing the history and stories of both animals and plants. He instantly pulls the reader into an oaks history in the essay Good Oak, describing snippets from the past as he rewinds year by year, sawing into the tree ring by ring. We sensed, Leopold wrote, We sensed that these two piles of sawdust were something more than wood: that they were the integrated transect of a century; that our saw was biting its way, stroke by stroke, decade, by decade, into the chronology of a lifetime, written in concentric annual rings of good oak (9). He went deeper in Come High Water when describing the autobiography of an old board as a type of literature not yet taught on campuses, and all riverbanks as [libraries] where he who hammers or saws may read at will. High water, from floods, brings with it an accession of new books or pieces of lumber, each with its own story to tell to a nyone who actually tries to listen (25). All of this is the first key part in moving forward with nature: understanding. By acknowledging that nature has its own stories to tell and by listening to them, people can begin to have respect for it in a number of ways. Leopold deliberately immersed himself in the wilderness not only to understand the nature available to him, but to personally connect with it as well. By using personification at various points in his essays, along with letting himself become a student to his dog, a relationship with nature is beginning to show. One of the best examples of personification in his writing is in The Green Pasture, where the river is a painter of one-time portraits. Do not return for a second view of the green pasture, for there is none, Leopold tells the reader. But in your mind you may hang up your picture, and hope that in some other summer the mood to paint may come upon the river (52). The painting of the green pasture created by the riv er was a personal image held in his mind, one he described as so evanescent that it is seldom viewed at all. He has quietly and humbly allowed himself to be placed within one of natures secret spots, giving it the attention it surely deserves. The river being in a painting mood, in return shows him the garden of [the deers] delight. In a serious but slightly comical way, Leopold tells the reader how his dog is a professor on partridges and how he himself has become his pets pupil. He persists in tutoring me, with the calm patience of a professor of logic, in the art of drawing deductions from an educated nose. I delight in seeing him deduce a conclusion, in the form of a point, from data that are obvious to him, but speculative to my unaided eye. Perhaps he hopes his dull pupil will one day learn to smell. (63, 64) Unlike many people in society, he is able to accept the fact that, as a human, there are things to be learned from animals, even his own pet. This is a second idea, the notion that not only do humans need to understand nature, but that a relationship with nature can broaden eyes, ears, and minds as well. Throughout the rest of the book, Leopold tends to grow more analytical about the ever expanding, fast-paced society. He views mankind as ignorant and because of its lack of knowledge, it has brought destruction when trying to create more connections between man and nature by going about it in the wrong way. â€Å"Man always kills the thing he loves, and so we the pioneers have killed our wilderness† (148). For one to see humans as murderers of nature, one must believe that nature, both animal and plant species, is just as valuable, if not more so, as humankind. â€Å"The ultimate value in these marshes is wildness, and the crane is wildness incarnate. But all conservation of wildness is self-defeating, for to cherish we must see and fondle, and when enough have seen and fondled, there is no wilderness left to cherish† (101). Humans have the misconception that nature is simply there for them to â€Å"see† and â€Å"fondle† with, but the truth is that it is something to be respected and cared for in a natural way. The life of every river sings its own song, but in most the song is long since marred by the discords of misuse. Overgrazing first mars the plants and then the soil. Rifle, trap, and poison next deplete the larger birds and mammals; then comes a park or forest with roads and tourists. Parks are made to bring the music to many, but by the time many are attuned to hear it there is little left but noise. (149, 150) This brings the question: Do people need roads or roadmaps to lead them to nature? Or is it the opposite, that the blank places on maps, the spaces in between the roads and cities, are where the true beauties of nature’s secrets lie? As dirt roads become concrete avenues and highways, as humans try to flatten nature in some areas and control it in others, the environment many once knew will either cease to exist or transform into something falsely beautiful. Once one understands nature and has the ability to personally connect with it is when one can not only respect it, but feel sadness and hurt when it’s being mistreated. Leopold himself had all of these traits, which were intricately expressed in his narrative-like essays. Many people mistakenly believe that progress lies in the future of technology, and if that’s the case, progress will have a limit. The truth is, progress lies in the future of nature. If it goes extinct, humankind will not only lose a larg e part of itself, but also the history of the natural world as well as the lessons and stories nature still has to tell.